During this weekâ€™s roundtable I addressed a commonly held critique of the 1M/1M program: that we’re focusing on the basics and stating the obvious. I have seen this criticism at various places where this recap is syndicated on a weekly basis, as well as in certain random forums on the internet.Â Well, I have coached […]
1M/1M Strategy Roundtable: African Tech Entrepreneurs Emerging
I liked all of the companies that were presented at this weekâ€™s roundtable. And it was really cool to see a company from Tanzania. I LOVE the international nature of the 1M/1M initiative.Â First up today was Joshua Schwadron presenting Betterfly, a startup he founded earlier this year that aims to offer an easier way […]
1M/1M Strategy Roundtable: Premium Lounge Sneak Preview
At todayâ€™s roundtable I offered a sneak preview into the One Million by One Million Premium Lounge we have just unveiled to a small group of core users. To get started, I suggest you take a look at three videos messages: To Entrepreneurs, To Investors, and To The Media. Â The premium lounge includes an […]
1M/1M Strategy Roundtable: Convert Potential Competitors To Partners
At todayâ€™s roundtable we saw three very nice businesses, each with pilot customers, and each working on real problems. At the end of the session, each left with specific action items.Â First up today was Antonio Lucena de Faria with ActionFlow from Portugal. Antonio has a portfolio of web based business process management applications for […]
1M/1M Strategy Roundtable: Bootstrapping Comes In Many Flavors
At todayâ€™s roundtable, we had some very interesting discussions on creative bootstrapping. I am always fascinated by how innovative entrepreneurs get when faced with resource crunches.Â Â First up today was Justin Beck with PerBlue, a mobile and social gaming company that makes the iPhone and Android game Parallel Kingdom that has been in the market […]
1M/1M Strategy Roundtable: Professional Investors Do Not Invest In $20...
At todayâ€™s roundtable we had some intensive discussions around market sizing and its impact on financing. You have heard, I am sure, that venture capitalists only invest in very large market opportunities – $500 million to a billion. But you have, perhaps, heard less specific discussions on what angel investors are looking for.Â Â Well, some […]
1M/1M Strategy Roundtable: Try To Get At Least $2M Pre-Money In Seed R...
At todayâ€™s roundtable we had some interesting companies and a lot of fund-raising discussions, and I will review them shortly. Before I do, however, I want to talk about a thumb rule that Iâ€™d like to propose to entrepreneurs about raising money.Â Bottom line, early stage equity is very, very expensive. So at any point, […]
1M/1M Strategy Roundtable: Investors Don’t Fund Broad Ideas
At todayâ€™s roundtable I had a disturbing experience. Â One of the entrepreneurs presented a business idea that sounded like a business-to-consumer concept, but as I peeled the onion, it turned out that the business was really a business-to-business concept. I asked why the pitch was so confusing and all over the place, to which […]