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Casual Articles - Venture Capital Angel Investors Don't Know Jack
Cash is one of the most important resources to a new business. One of the best ways to conserve cash for a startup business that is in need of office space is to rent an executive suite rather than to rent traditional office space. Most people don't even know this little secret. In fact, most people don't even know what an executive suite is.An executive suite is generally referred to as a small office that one would rent from an executive suite facility like Plaza Executive Suites, http://www.plazaoffices.com, located in Las Vegas Nevada. The office environment would include all the necessary se
Ideally you want to solicit feedback from venture capital angel investors who have “been there and done that” in your particular industry, preferably sometime in the last decade! The last thing you need is to waste your time listening to ancient war stories of an venture capital angel investor who hasn’t suited up for t
Customer Relationship Management (CRM) is one of those magnificent concepts that swept the business world in the 1990’s with the promise of forever changing the way businesses small and large interacted with their customer bases. In the short term, however, it proved to be an unwieldy process that was better in theory than in practice for a variety of reasons. First among these was that it was simply so difficult and expensive to track and keep the high volume of records needed accurately and constantly update them. In the last several years, however, newer software systems and advanced
That said, I think you need to keep one thing in mind while you’re being told what a buffoon you are for presenting your idea – maybe this venture capital angel investor has no idea what they hell he’s talking about!
It’s true, most venture capital angel investors don’t know jack. Don’t get me wrong – they think they know it all, but the truth is that most investors have a lot to say, and very little to deliver. The problem for entrepreneurs is that they tend to think that because venture capital angel investors can write a check, they must be experts on investments. That’s like saying that because you can buy a few shares of Gillette that you might be Warren Buffet. Not quite.
Consider the Source
When you’re listening to the feedback from anyone, investors included, you should evaluate the credibility of that feedback with healthy skepticism. You should be asking yourself “What makes this person qualified to validate my business idea?”
While many venture capital angel investors have experienced success in one or two industries at some period in time, that doesn’t necessarily make them an expert on your current business opportunity. Just because an venture capital angel investor made a gazillion dollars in the real estate industry in 1976 doesn’t mean he’s qualified to tell you about the state of the software industry in 2006.
Ideally you want to solicit feedback from venture capital angel investors who have “been there and done that” in your particular industry, preferably sometime in the last decade! The last thing you need is to waste your time listening to ancient war stories of an venture capital angel investor who hasn’t suited up for t
In the last five years, employee turnover has increased by more than 25 percent. Recent studies reveal that at any one time, one third of employees plan to resign within the next two years. Successive surveys in the UK of employee turnover show that in retailing, hotels and restaurants, call centers and other lower paid groups turnover is often in excess of 50% per annum.Why is this happening?Since the late 1980s when organizations began to downsize to reduce costs, employees got the message that everyone was expendable. When organizations cut back a little too much there were always
It’s true, most venture capital angel investors don’t know jack. Don’t get me wrong – they think they know it all, but the truth is that most investors have a lot to say, and very little to deliver. The problem for entrepreneurs is that they tend to think that because venture capital angel investors can write a check, they must be experts on investments. That’s like saying that because you can buy a few shares of Gillette that you might be Warren Buffet. Not quite.
Consider the Source
When you’re listening to the feedback from anyone, investors included, you should evaluate the credibility of that feedback with healthy skepticism. You should be asking yourself “What makes this person qualified to validate my business idea?”
While many venture capital angel investors have experienced success in one or two industries at some period in time, that doesn’t necessarily make them an expert on your current business opportunity. Just because an venture capital angel investor made a gazillion dollars in the real estate industry in 1976 doesn’t mean he’s qualified to tell you about the state of the software industry in 2006.
Ideally you want to solicit feedback from venture capital angel investors who have “been there and done that” in your particular industry, preferably sometime in the last decade! The last thing you need is to waste your time listening to ancient war stories of an venture capital angel investor who hasn’t suited up for t
All business managers have been warned against operating in an environment of crisis management. To be a more effective manager and leader, you’ll want to know that there are prevalent beliefs about crisis management that need to be understood and discounted. To allow us to examine beliefs that have been assumed for many years, I’ve described these prevailing ideas as the myths of crisis management in the text that follows.Management in the modern organization, of necessity, requires managers that are fleet-of-feet and able to manage ever-changing conditions. When the term “crisis management” was
Consider the Source
When you’re listening to the feedback from anyone, investors included, you should evaluate the credibility of that feedback with healthy skepticism. You should be asking yourself “What makes this person qualified to validate my business idea?”
While many venture capital angel investors have experienced success in one or two industries at some period in time, that doesn’t necessarily make them an expert on your current business opportunity. Just because an venture capital angel investor made a gazillion dollars in the real estate industry in 1976 doesn’t mean he’s qualified to tell you about the state of the software industry in 2006.
Ideally you want to solicit feedback from venture capital angel investors who have “been there and done that” in your particular industry, preferably sometime in the last decade! The last thing you need is to waste your time listening to ancient war stories of an venture capital angel investor who hasn’t suited up for t
Have you ever seen the people who sell things in parking lots like car stereos or perfume? They act so shady and talk so fast you would think they are selling stolen goods. But most likely they are not. They talk fast so they can say a lot in a short amount of time and in doing so end up with more sales at the end of the day. But often they are breaking the law without business licenses or solicitors permits.What can you do about these sales people? Well you can call the police and pick up your cell phone and they will generally take off. Even if they have a permit, it will take them 15-20 minutes to
While many venture capital angel investors have experienced success in one or two industries at some period in time, that doesn’t necessarily make them an expert on your current business opportunity. Just because an venture capital angel investor made a gazillion dollars in the real estate industry in 1976 doesn’t mean he’s qualified to tell you about the state of the software industry in 2006.
Ideally you want to solicit feedback from venture capital angel investors who have “been there and done that” in your particular industry, preferably sometime in the last decade! The last thing you need is to waste your time listening to ancient war stories of an venture capital angel investor who hasn’t suited up for t
Every month it seems like there is more month and less money left at the end of each month. Sound familiar? A part time job may be the answer.No, you should not just think about a second job at your local hardware store or pizza palace. You should try to use your spare time to do some freelance work.Using freelance work, you can add to your income while acquiring customers and providing services in your spare time. There is no need to go find a low-paying second job at night or on the weekends. Now there is a much nicer alternative with much better hours and pay. You can even do work fro
Ideally you want to solicit feedback from venture capital angel investors who have “been there and done that” in your particular industry, preferably sometime in the last decade! The last thing you need is to waste your time listening to ancient war stories of an venture capital angel investor who hasn’t suited up for the game since before you were born.
Venture Capital Angel Investors Make Bets, NOT Predictions
If venture capital angel investors knew exactly which market opportunities were going to be the next big thing they wouldn’t need you – they could go start the company themselves. Investors aren’t that gifted, so they need to make lots of bets in hopes that a few of them will hit big while the others fall away and die.
When an investor tells you they don’t see the viability of your business, they are simply telling you that they are not willing to bet their money on your particular idea (or in many cases, on you in particular). It’s not the same as making a prediction that you will fail. The truth is the investor has no idea whether or not you will ultimately be successful, only whether they have enough confidence to bet on your success.
Bad Investors Are Like Black Holes
Not every investor is worthy of your time either. Bad investors, particularly those without much success at investing, can be a black hole for entrepreneurs, sucking up time and space at an incredible rate.
They spend countless hours asking inane questions that they should know the answer to. They spend a lot more time talking than they do listening. They ask more questions not because they want to know more, but because they don’t know enough to begin with. If you find yourself in front of this investor – run away as fast as you can! They are going to suck the life out of you.
Conversely, good investors get to the point quickly. They understand the in
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