Venture capitalists have more money to invest than ever, but most of it goes to a tiny handful of companies. Startup funding is like Hollywood this way. For every one successful star, there are many more struggling actors who will
There’s no doubt that some of our most valuable innovations started in university settings. However, in my experience, many game-changing innovations never make it to market, even if the science supporting them is strong. Here’s what I’ve been seeing. University
Following a 9-year uninterrupted bull run, the stock market faces a major correction caused by COVID-19 prevention measures and panic. With markets falling, is investing in startups sane? Living and working in Hong Kong, I’ve had a front-row seat to
This isn’t legal or accounting advice. Once upon a time the first step towards starting a business was to incorporate. In the US, that means calling the IRS to get an Employer Identification Number (EIN). With an EIN, entrepreneurs can
Entrepreneurs hear this when raising money from investors. While being married and having kids is usually a sign of stability and adulthood, in the entrepreneurial world, these are sometimes seen as barriers to success. The entrepreneur who talks about family
Starting a company is an expensive proposition, which is why the startup community is filled with privileged people with expensive degrees. When it comes to starting a company, you’ll need cash and contacts. But you can’t count on investors, your
It’s natural to want to protect one’s awesome new business idea from copycats and competitors. So it’s not surprising when entrepreneurs start asking everyone they meet to sign a Non-Disclosure Agreement (NDA). This is a bad idea. For the reasons
If you’re looking to start a venture-backed startup, the ideal number of founders is one, two or three, but ideally two. The number of founders should a) cause no issues with fundraising, b) promote a low-drama workplace, and c) be
I often come across great ideas that would obviously make for blockbuster mobile apps. I proceed with almost none of them. The reason I hesitate to build new apps outside of my current project, Power 20, is because mobile apps
I use this framework to think about pay, promotions, and bonuses. Path If an employee is a potential future leader, I’ll want to fast track their promotions and pay scale. If they’re being groomed to succeed a current leader, their