The Founder Partner's Approach
One of the questions I get asked most often about FounderPartners is, what’s an accelerator, what’s an incubator, and what are you?
My favorite short answer is that with us, the “there there” is actually there.
The Value of Working with Proven Serial Entrepreneurs
When I graduated in 1995 from Harvard Business School, there was this new thing called the Internet. We all had to figure out how to use it to create new businesses. I watched one classmate build up a company in less than a year that he quickly sold to eBay for quite a nice chunk of change without ever even generating a revenue stream. Another classmate did the same thing with Amazon. Neither of them ever sold another company. I also saw my peers creating products with no markets, answering questions no one was asking, promising to fill needs that didn’t exist. There was suddenly a whole world of information and connectivity at our fingertips, and yet the majority of companies built back then soon faded into oblivion.
The 10 Most Important Lessons Learned from Selling Over 100 Companies
The two of us have sold over 100 businesses over the past 25+ years and we’ve learned many important lessons along the way. We’ve played roles on all sides of the exit process - as M&A investment bankers (Morgan Stanley, Robertson Stephens, Lazard, etc), serial tech entrepreneurs (10 exits in software, mobile, Internet), heads of corporate development (Macromedia, multiple acquisitions/investments and sold to Adobe for $4Bn), CFOs of start-ups and investors (23 companies). We’d like to share some of the most important ones with you.
How to Choose the Right Partner for Your Startup
People should do what they’re good at. Coders should code. Hackers should hack. Ballers should ball. The thing is, launching a successful business requires doing a whole lot of different stuff. So if that’s what you want to do, you’ve either got to be good at everything, or else you have to be humble enough to admit that you aren’t, self-aware enough to know what you can do and what you can’t, and savvy enough to find the right partners to fill in the gaps.
Why Bootstrappers Make the Best Entrepreneurs
I always bet on the bootstrappers to win simply because they can’t afford to lose. When the chips are down and the business is on the line, I want the guy who knows that if he doesn’t figure out how to fit that square peg into the round hole, his whole life will implode. He has no choice but to roll up his sleeves and JFDI.