heart skipped a beat when an 8-9-10 flop hit the poker table. His cards lay
face down in front of him, but he was sure he held a 7 and a Jack which gave
him a straight. Everyone folded to his modest raise except for Phil, who paused
for a minute before calling the raise. Jason celebrated in his head as he began
to smell a big win coming his way. Careful not to scare Phil off the hand,
Jason made the next raise only moderately larger. Phil twisted in his seat and
arched his back to c...
In a hundred coffee shops right now, there are highly intelligent engineers talking about the next thing in mobile, or if there is still time to get in on big data. They love this stuff, but a lot of them are trying to find a wave of venture capital interest instead of seeking to create real value or even pursue a passion.
Creating a start-up by trying to catch a wave of en vogue financing is almost always a sure way to fail. There is a new wave coming, but it is driven by need and not by wha...
Getting a “no” from any prospective investor can be hard to take. At first glance, it’s insulting. You’ve poured heart and soul into an idea and after 10 minutes of pitching, the investor doesn’t want to hear more. For the entrepreneur who wears the success or failure of his company as a reflection of their own self-worth, “no” is devastating. To them, it’s like being told that they aren’t a valid human being and that upsets a lot of entrepreneurs.
I am embarrassed to admit t...