I thought I would provide a real-world example of the motivational technique, providing a compelling vision, that I wrote about in my last blog post. When I was in college, I worked for General Mills at a cereal plant in Buffalo, New York. The company made Cheerios, Wheaties, Lucky Charms, and other cereals in this […]
How to Motivate Your Team Part 1
Even the most dedicated employee will get tired and run out of steam at some point. The best entrepreneurs and leaders of all types know how to motivate their teams to push through the occasional exhaustion, listlessness or just plain distraction. I have seen all kinds of motivational approaches, and anyone who has led a […]
Asking “What If?” Instead of “What’s the Problem?”
Making a new company (or just about any type of organization) into a success is hard. The odds are stacked against you. And there’s always something wrong; in fact, there are always more problems than a founder would have time to list, much less solve. Customer complaints. Bugs. Overdue bills. Overdue receivables. Hiring challenges. The […]
Marketplaces, Chickens and Eggs
I am interested in marketplace businesses. I was the first employee of a company called SharkTank (not the TV show; an online labor market for legal services) in 2000. Since then, I’ve spent most of my time as a venture capitalist, having invested in marketplace businesses DealerTrack (auto loans), Solvate (labor, again), ADstruc (out-of-home advertising), LendKey (consumer loans), and Worktopia (meeting […]
The Meaning of Trust Between Management and Investors
This infographic summarizes a recent study on branding in venture capital by marketing consultancy DeSantis Breindel. For companies seeking venture capital and those of us in the industry, the infographic will probably mostly elicit head nodding, but there are a couple of somewhat interesting nuggets. It’s not surprising that entrepreneurs and venture capitalists believe that an entrepreneur-friendly […]
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