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IPO Drought for Venture CapitalThis is pretty bad news from yesterday, although I guess it is no surprise. The National Venture Capital Association announced that no venture-backed companies went public in the last quarter. That’s the first time since 1978 that the U.S. markets have gone three full months without a venture-backed IPO. I say no surprise because we’re [...]
» 3 Jul 2008, 4:44 am
My Boss Wants to Sell Me The BusinessOur ask-the-expert forum at Bplans.com presented me with this question today: Where do I start? My boss said he would sell the business for $500,000. What would be the best way to go about getting this business; and what should I know? Of course this might be the opportunity you’ve been waiting for, but let’s also understand [...]
» 2 Jul 2008, 4:51 am
BusinessWeek Profiling StartupsBusinessWeek just started a new feature profiling new entrepreneurial companies, in a slide show motif, called Fresh Entrepreneurs - Profiling Startups Around the U.S. It strikes me as a nice way to get quick views of what other people are doing. Stories like … She quit her consulting job at Bain, hired a designer from Chicago’s [...]
» 1 Jul 2008, 4:02 am
Trouble in eBay LandThere’s trouble in eBay land for entrepreneurs. If you’re already doing business with eBay, you probably know this already. If you’re not there yet, but you’re curious about it or thinking about it, you probably want to click over to eBay Live–So Why Is Everybody So Upset, Anyway? on StartupNation. That post is [...]
» 30 Jun 2008, 4:57 am
Week Three of ThreeThis is the third installment of the three-week timetable to start a new business in three weeks. It’s from 3 Weeks to Startup, the book I’ve just finished as co-author with Sabrina Parsons. 3 Weeks to Startup by Tim Berry, Sabrina Parsons What you really have to do, no matter what, as in absolute essentials, the plan for [...]
» 27 Jun 2008, 3:46 am
Three Weeks to Startup: Week TwoFollowing up on yesterday’s post, these are our (mine and co-author Sabrina Parsons) suggestions for the second week in a three-week quest to get a startup business up and running. They come from the book we’re finishing, 3 Weeks to Startup, now in the final edit stage. The question is whether three weeks is realistic. We [...]
» 26 Jun 2008, 4:33 am
Three Weeks to Startup: Week OneThree weeks? Sure, why not? I know very well one business that started in a single day. Here’s that story, from my Planning Startups Stories blog. It’s about Palo Alto Software, which now has more than 40 employees, more than 70 percent market share in the U.S. retail market, a subsidiary in the UK and [...]
» 25 Jun 2008, 3:49 am
Please Join Me WednesdayI invite you to tune in to WDEL, 1150 AM in Wilmington, Delaware, or to join via internet radio at www.wdel.com, where I’ll be a guest of host Rick Jensen for his daily talk show. The topic is starting your own business, sort of–I had a nice talk with Rick yesterday. I suspect he’s going [...]
» 24 Jun 2008, 9:24 am
A Set of 4 P’s for EntrepreneurshipEverybody talks about the three P’s of marketing, and lately four P’s and even five in some lists. They have to work a bit to maintain the theme: Channels of distribution becomes price, for example, and marketing becomes promotion. Still, it’s nice and easy to remember. Or is that product, price and promotion with distribution [...]
» 24 Jun 2008, 4:03 am
Startup Names and Domain NamesIt’s hard enough to set a name for your startup. But it’s much harder when you sweat the domain name too much and let it clog the creative process. Thank goodness, when we renamed Infoplan Inc. to Palo Alto Software, Inc. back in 1988, we didn’t think about the domain name issue. My familiarity with the [...]
» 23 Jun 2008, 4:12 am