Thinking global is not an option for startups anymore // blog.press42.com


By Alex aka Chief WOWness  //  press42

We just got back from Poland were we were invited to give a talk at one of the largest investment forums in Poland, the Satus VC investment forum. It’s been a very interesting trip. We were initially connected with them in San Francisco and we had a long conversation on the need of getting European companies outside their local boundaries.

Satus VC runs 3 different incubator programs across Poland and as such, it has a very large pool of startups in its portfolio. Because they touch many fields, they have very different types of companies, some of which have global goals in sight. And as such, they asked us to collaborate with them in aiding these startups when it comes to communicating and going global.

So we delivered a first talk on the matter that judging by the feedback we got from many attendees, it was very well received and it nailed down the major problems Polish, and most definitely, most Easter European companies are experiencing in terms of market location.

We can’t stress how important it is for European companies to break the local barriers and start thinking in a global way from day one. Most people would mistake thinking global with going international. While it might seem similar, one is a probable consequence of the other. Leer más “Thinking global is not an option for startups anymore // blog.press42.com”

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Solve the “Woman Problem” by Ending Your Stereotypes of Women

As Charles Hudson, a venture partner at SoftTechVC said yesterday on BloombergTV, investors feel safer making inherently risky bets on entrepreneurs who remind them of themselves. When the vast majority of venture firms are led by men, that’s where the money is going. Despite this, women are getting funded more often than ever before. They’re founding profitable companies which will have or have had successful exits.

She goes on to state that “Women don’t want to do startups because women want children”. She says startups are risky, require more time and women just don’t care about things like that.

Men want children just as much as women want children. This doesn’t seem to affect their career choices. As women are having children later and later in life, they have the opportunity to spend their twenties founding a startup. Even when they have children, if they have a partner who is willing to parent equally, they have the opportunity to spend their time founding a startup. Startups do require more time and risk, but women are just as free to take these chances. As more women are getting funding, the risk decreases as they can have a normal salary, benefits and many of the securities of working for a larger company.

She states that women in their twenties outearn men, so surely they can do whatever they want in their careers. Startups just aren’t for them.

Women often hit a glass ceiling in their late twenties/early thirties that their male peers don’t seem to hit. This, and not children alone, contributes to women leaving the workforce entirely or only working part time. When women don’t feel they are rewarded for their hard work – they leave. This is a problem that can and should be fixed. It is not a problem that is caused by women not caring about the work they do.


What is this? Mad Men?

http://www.cristinajcordova.com/

What is this? Mad Men?

Penelope Trunk wrote another ridiculously egregious article yesterday on VentureBeat about the “Woman Problem” in tech startups. She’s written similar posts on Techcrunch before:

Women Don’t Want to Run Tech Startups Because They’d Rather Have Children

Why Diversity is Bad for Startups

I’ve always wholeheartedly disagreed with her remarks about women in technology, but she’s continued to push her views as guest posts on several of the blogs I read. I’m actually surprised VentureBeat and Techcrunch have published her posts considering her rampant generalizations of women in tech, but unfortunately I think they find it intriguing because she’s a woman herself. Thankfully, for the women who push themselves each day as founders or early startup employees, she is utterly wrong.

Her first assumption is “If diversity was really a problem, VCs would be solving it” Leer más “Solve the “Woman Problem” by Ending Your Stereotypes of Women”

The modern business plan

It’s not clear to me why business plans are the way they are, but they’re often misused to obfuscate, bore and show an ability to comply with expectations. If I want the real truth about a business and where it’s going, I’d rather see something else. I’d divide the modern business plan into five sections:

* Truth
* Assertions
* Alternatives
* People
* Money

The truth section describes the world as it is. Footnote if you want to, but tell me about the market you are entering, the needs that already exist, the competitors in your space, technology standards, the way others have succeeded and failed in the past. The more specific the better. The more ground knowledge the better. The more visceral the stories, the better. The point of this section is to be sure that you’re clear about the way you see the world, and that you and I agree on your assumptions. This section isn’t partisan, it takes no positions, it just states how things are.


It’s not clear to me why business plans are the way they are, but they’re often misused to obfuscate, bore and show an ability to comply with expectations. If I want the real truth about a business and where it’s going, I’d rather see something else. I’d divide the modern business plan into five sections:

  • Truth
  • Assertions
  • Alternatives
  • People
  • Money

The truth section describes the world as it is. Footnote if you want to, but tell me about the market you are entering, the needs that already exist, the competitors in your space, technology standards, the way others have succeeded and failed in the past. The more specific the better. The more ground knowledge the better. The more visceral the stories, the better. The point of this section is to be sure that you’re clear about the way you see the world, and that you and I agree on your assumptions. This section isn’t partisan, it takes no positions, it just states how things are. Leer más “The modern business plan”

Entrepreneurs, Say No to (Poorly Run, Unnecessary) Meetings

Written by Audrey Watters

Earlier this week, VC Mark Suster blogged the decree “Say No to Meetings.” Suster argues that time is an entrepreneur’s scarcest resource. And with all the pressures – from current and potential employees, vendors, and investors, Suster suggests that entrepreneurs learn to decline holding meetings.

This may seem somewhat contradictory to the advice that entrepreneurs always stay in touch with advisors and investors. Suster clarifies, “I’m not saying “no more meetings” but rather “no, to more meetings.”


time_may10.jpg

Written by Audrey Watters

Earlier this week, VC Mark Suster blogged the decree “Say No to Meetings.” Suster argues that time is an entrepreneur‘s scarcest resource. And with all the pressures – from current and potential employees, vendors, and investors, Suster suggests that entrepreneurs learn to decline holding meetings.

This may seem somewhat contradictory to the advice that entrepreneurs always stay in touch with advisors and investors. Suster clarifies, “I’m not saying “no more meetings” but rather “no, to more meetings.” Leer más “Entrepreneurs, Say No to (Poorly Run, Unnecessary) Meetings”

Here’s THE Solution To Chatroulette’s Penis Problem


Nicholas Carlson | Apr. 8, 2010
Chatroulette Girl

Image: Casey Neistat

We’ve solved 17-year-old Chatroulette founder Andrey Ternovskiy‘s penis problem.Or rather, a senior project manager from Missouri named John Spyers has.

He’s the guy who submitted the winning entry to our first annual Solve Chatroulette’s Penis Problem And Help It Make Billions And Billions Contest.

(A quick recap: Chatroulette’s penis problem is that according to one study, of the approximately 3.9 million people who visited Chatroulette in February, about 507,000 of them were “perverts” — men using the site without the pants on, doing things to themselves.These pantsless perverts not only make Chatroulette a less than pleasant experience for the other 87% of users, they also reduce Chatroulette’s chances of becoming a profitable, brand-advertising supported site.)

John’s ingenious solution was for Chatroulette to “utilize a facial recognition scan or brief eye tracking scan before making connections.”

Per the contest’s rules, John put together a fantastic presentation demonstrating how his solution would work. (Go check it out >) In it, John explains:

“Not one of the people I’ve encountered displaying their wares on Chatroulette shows their face. So, utilize a facial recognition scan or brief eye tracking scan before making connections. If there’s no facial recognition, then pixelate teh image and prompt to accept cam feed.”

For winning the contest, John gets to have his resume posted here for all our hiring readers out there and have us send it to Andrey and pair of VCs we happen to know have interest in investing in Chatroulette.

So! Here’s John’s resume: Leer más “Here’s THE Solution To Chatroulette’s Penis Problem”