With interest rates still at an all-time low, money is looking for new places to get returns. As a result, people are looking into markets they previously considered too risky or volatile. Money has gone from bonds to the public markets, from public markets to private markets, and within the private markets, is getting pushed to earlier and earlier stage investing. This, and the success of previous funds amongst other reasons, is causing valuations to explode and capital to be cheaper than ever.
The inspiration to found a company comes from many places. Maybe you experienced something inconvenient or saw something and thought, “I can do better.” The common thread is that all companies were, and are, created to solve a problem. Most founders, however, are also crap at explaining what that problem is.
The short answer: Almost all.
Many people think startups are all about the idea or product. While this is without question very important, execution is arguably more important. It does not matter how great an idea or product is if you can’t get it into the hands of the people who will use it. This, of course also relies on defining the target audience properly and determining what product they actually need.
Professionals today want the ability to work remotely, and doing so is better for business because happier employees are more productive.
But it is not always easy to organize a remote workforce. The skills needed to be productive at a distance are different from what you need for conventional face-to-face work, and many companies resist rolling out new systems because it takes effort to coordinate tech, IT, and finance, while also getting your team to change their work habits.
Typically, you might think entrepreneurs start companies, and researchers develop new technology. But you know what?
There are some people who are trying to do both.
Last week, we visited Lab Start Up 2020 and met with researchers who are starting companies. Many passionate researchers shared with us their ideas, and they are working hard to get their products ready.
Here is the most important tip...
"To run an efficient team, you only need three people: a hipster, a hacker, and a hustler" – Rei Inamoto, founding partner of Inamoto & Co.
I am very excited to kick off our blog and share with you why and how we think it is important to improve entrepreneurship education.