Posts tagged ‘start up’

Entrepreneur’s must-have: a masterplan and to-do list

January 11th, 2011 by Greg Boutin
Shopping list

In my experience helping entrepreneurs, the most important success driver of any business founder is the capacity:

  1. to know their success drivers,
  2. and to keep everything they do tied to those.

So being able to keep one’s eyes on the prize and not get lost in the weeds is the top quality any good entrepreneur should cultivate. In this age of information overload, however, requests are being thrown at us from every direction, and in the midst of that flood it can quickly become difficult to discern what matters from the rest. (more…)

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Just published on ReadWriteWeb: 10 principles for not killing your startup

March 8th, 2010 by Greg Boutin
Image representing ReadWriteWeb as depicted in...

Image via CrunchBase

ReadWriteStart, the entrepreneur’s channel of ReadWriteWeb, nicely published an article I wrote for them called 10 Principles For Not Killing Your Startup.

With the new wave of entrepreneurs brought about by the financial crisis, I suspect the mortality rate of startups is at an all-time high. I didn’t find robust data to back my observation yet, but I did come across a page that points out that, before the financial crisis:

  • the chances were six in a million that an idea for a high-tech business eventually would become a successful company that goes public;
  • a venture capitalist financed only six out of every 1,000 business plans received each year;
  • and bankruptcies occured for 60% of the high-tech startup companies that succeeded in getting venture capital.

Wow. Persistence is paramount. (more…)

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Step-by-step instructions by Mint’s founder on growing a start-up

October 14th, 2009 by Greg Boutin
Mint.

Image via Wikipedia

To any current or would-be entrepreneur, I highly recommend the following video of a presentation this month by Aaron Patzer, CEO of Mint, which was recently sold to Intuit for $170 million.

At first I thought it was a bit long, at 22 minutes, and so I figured I’d only watch the first few minutes. 23 minutes later, I am writing this blog post. Aaron goes over the start-up creation and growth process in practical details, even presenting slides from his own original pitch. (more…)

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How does Canada Compete with the U.S. for Immigrant Tech Entrepreneurs?

October 7th, 2009 by Greg Boutin

A great post today by Suzanne Dingwall Williams of Venture Law Associates LLP in Toronto, regarding the recent considerations by the U.S. to increase the number of H1B visas for skilled foreign workers, apparently thanks to a push by venture capitalists.

The stats she quotes are startling:

“A recently released study by the NVCA notes that (a) immigrants have started more than 25% of U.S. public companies that were formerly venture backed, and (b) more than 50% of the employment generated by U.S. public venture-backed companies has come from immigrant-founded companies like Intel, eBay, Yahoo!, and Sun.

The New York Times has also taken note, citing Harvard Law professor Vivek Wadhwa’s claim that 52.4% of today’s Silicon Valley startups have at least one foreign founder. US VCs are figuring that, to expand domestic deal flow, they need to expand the immigrant entrepreneur base.” (more…)

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Welcoming constructive criticism, a key success driver for startups

September 11th, 2009 by Greg Boutin

At Growthroute, we believe that start-up leaders should encourage candid inputs on their company and products, and be open to discussing things that don’t work. They should welcome that feedback at least as well as they receive compliments on their successes.

Highlighting deficiencies in due time (and offering solutions) gives entrepreneurs an opportunity to address them before they really hurt, while surrounding oneself with yes-sayers is a well-known recipe for failure – and yet still as common today as it was millennia ago. So you don’t want to surround yourself with either yes- or nay-sayers, you want smart folks who tell it as it is. In the age of twitter,  getsatisfaction, yelp and blogs, being able to productively process their feedback - even when perceived as harsh - is more important today than ever before. Not doing it means not getting it. (more…)

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