I had the opportunity recently to ask Sam Jain, the CEO of Fareportal, about his experience as growing his business from an idea to a multibillion-dollar organization.
Drunk driving is a problem. But in the moment that it’s most preventable—when an intoxicated person leaves a bar or restaurant to drive home in their car—there is no easy or obvious solution. That’s where RIDE comes in.
Every time I hear the old blues song “God Bless the Child” I think of startups, bootstrapping, and owning your own thing. During the last few weeks I’ve had to explain to several people hoping for angel investment that their startup wasn’t getting into the finals for our local angel investment group, the Willamette Angel [...]
According to data from the US Census, in 2011 women received 52% of all bachelor’s degrees awarded, and 55% of all master’s degrees. That’s impressive. But, according to this infographic, only 10% of venture-funded start-ups are women-owned–and that number dips below 5% for tech start-ups. What’s going on? Sure, there are still barriers (you may [...]
It’s the question that everybody starting a small business asks. Do I need outside funding or can I bootstrap my business. If I do need funding, what kind do I need, and how to I get it? Most businesses are actually financed by home equity or private savings. Attracting venture capital or angel investors is [...]
Are you looking to build your own business? Go out on your own? Sadly, we tend to overemphasize the high-end process of developing a plan and then getting investment, while the vast majority of real businesses are self funded. I saw a Wells Fargo study that concluded the average cost of a startup is $10,000. [...]
I like this excellent 3-minute video by Paul Kedrosky, venture capitalist, thinker, and Kauffman fellow. Here’s a summary: In “Money Game,” Kedrosky breaks down the various methods that entrepreneurs use to raise capital for new ventures, as well as the benefits–and hazards–tied to each. While entrepreneurs’ greatest source of capital is personal savings, Kedrosky says [...]
“I’ve got a great idea for a business, but I don’t have any money to get it started! Where can I get money from the government or find investors to help me start my business?” If I had a dime for every time I’ve been asked this question, I’d be wealthy enough to establish my [...]
I caught a blog post last week recommending friends and family financing for a startup. It’s dangerous when a good blog posts bad advice. So I’m not going to link to that post here. Years ago I met a man who’d spent 15 years struggling to make a sailboat manufacturing business work. He’d started the [...]
Banks and bankers have a relatively bad reputation, largely undeserved. Being more of a natural hermit than a networker, I can’t say I ever looked forward to dealing with banks, even though I had to. But over time, through the years of running the business, I’ve met a lot of smart, likable banking people. And [...]