In this episode I give you my thoughts on why getting a term sheet isn’t the hard part when it comes to raising money for your business. While it may be difficult to get a term sheet in the first place from investors, it’s even more challenging to raise the full amount in a term […]
As most of you know, I am currently running my fifth tech startup and just launched the beta site last month. To most people, my job seems glorious, fun, exciting, and full of perks. But the truth is, running my tech startup is the most difficult, challenging, and stressful job I’ve ever had, and here’s […]
In Silicon Valley there is a popular term called FOMO (Fear of Missing out), meaning investors throw money at as many tech startups as they can because they’re afraid to miss the next Uber or Facebook. If only that were the case here in Philadelphia. Instead we have quite the opposite. I am coining a […]
Running your startup over the course of a couple of years with your team is a very challenging thing to do without funding. The few that have succeeded are the success stories that you hear every day. A lot of these large companies at one point did something different, but realized it wasn’t working out. […]
As the saying goes, ideas are a dime a dozen. The execution of the ideas are what matters. And who has been executing brilliant ideas throughout history? It’s being accomplished by entrepreneurs, experts in their field, historians, scientists, brilliant minds of our time. Nikola Tesla revolutionized various different things, but there are so many of his ideas that you […]
Every single day, I receive an email from a tech company who is trying to sell a service to me. Whether accounting, legal, PR, analytics, recruiting, you name it, the emails come pouring in on a daily basis. After doing some research, I noticed most of the companies either recently were funded in the millions […]
Often, when a new company launches, with big money backing it (think $1 million), the press and media jump all over it for an interview. And then something horrible happens. The company founders say something that they believe is true, when in fact it is not. A great example is when co-founder of Tinder, Whitney […]
I’ve been running companies since the late 90’s. At one point in my music entertainment company, I had to manage literally hundreds of employees nationwide. Nowadays, I only have to manage anywhere between 10 and 20 employees. The first thing people say to me when they hear I have to manage so many employees is, […]
People and entrepreneurs pitch their ideas to me every single day. When they do, one thing is consistent: They don’t know how to code. I watch them spend months trying to find developers to join their team for equity, without success more often than not. Every entrepreneur has “the next big thing”, and they think […]
Unless you live in California, New York, or another city full of investors, raising money can be a daunting challenge. Pitching to investors isn’t just standing in a room with a PowerPoint for 10 minutes explaining what your company does. It’s so much more. Yes you have to spend a lot of time creating the […]
If you live in Philadelphia or if you move to Philadelphia and you start a new company, you’ll notice there are plenty of networking events that you can go to. During these events you’ll meet lots of wonderful people, smart people, passionate people, and you’ll hear a lot about the “tight-knit, tech community in Philadelphia”. […]
TechCrunch posted an article two days ago called How To Speak Startup. It seems as if a lot of people were counting on the article to have actual answers to what these terms mean in the world of tech startups. Well since I am an active CEO in a tech startup, and I use these […]
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