I have had 3 different calls this week from entrepreneurs asking about how to value their startup companies with early investors. How do you put a “fair” value on your startup company?
How do you pick future champions while they are still young and developing? How do you identify a talented team of entrepreneurs at an early stage? How do you measure the real potential of a startup business?
If you want to change the world, then your first step is to start to believe that you can. If you want to create a hugely successful business, then start by believing that it is possible.
“Whether you believe that you can do something or whether you believe that you cannot do something, then you are correct”.
Without crisis, we plod along on the path of life and business, sometimes without questioning. Crisis can be a wake-up call and a reminder that things need to change…
(Oslo, Nov. 12, 2009) Europe Unlimited has appointed Rick Salmon as President of the Selection Jury for 2009 European Venture Contest Finals which will be held on December 14th and 15th, 2009 in Barcelona. The Jury will consist of 30 distinguished members representing the Venture Capital community in Europe. The mission of this annual venture contest is to find, evaluate and award world-class innovative companies with the potential to dramatically impact their industry and contribute to increasing European competitiveness and growth. This year over 700 startup companies have competed in…
“Italy worships Genius, but has not yet figured out how to create a culture of entrepreneurship”. This was a statement at a venture event last week. Italy needs businessmen more than they need more geniuses. Commercializing genius is where the money is.
“If you are so smart, why are you not rich?” I saw this written on a T-shirt the other day at a gathering of entrepreneurs. It was a blatant challenge and it made me stop and think. In looking back on my 20 years as an entrepreneur, have I failed if I am not rich? Is that really what has driven me all these years? No, not really.
When a business ends up in a crisis, it is usually because they fail to pay attention to the smoke signals. Most of the time the signals are there on the horizon, clear and easy to see, yet they choose to ignore them. And then when the Indians swoop down upon them, they are just as surprised each time.