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I am hard pressed to think of a company run by just a handful of people— with less than 100 million users and no revenue at its peak — that has had such a transformational impact on the consumer Web than Instagram.

Had Instagram stayed independent, it may well have wound up looking a lot like Twitter, today.

Had Twitter bought Instagram, everything would look different: Facebook struggles more with teens and mobile just after it’s IPO, and Twitter doubles down on photos/expression/celebrity and pop culture.

But instead, Facebook bought Instagram and that one move made the strongest market player way stronger than the $1 billion it “overpaid” for the asset. Not only did Instagram give Facebook youth again, celebrity, it’s first successful “m...

Here's a crazy idea — what about a startup that just makes money?

I know, I know — crazy talk! But it turns out that while 1% of the startup world is busy chasing venture capital and trying to create outsized returns, 99% of the rest of businesses are just trying to build a business that consistently turns a profit.

"How dare you question the wisdom of VC!" — echoes the startup world.

But seriously, it turns out even grizzled veterans of the startup world, especially those who have raised venture capital before, are getting really excited about building companies that guarantee a profit versus potentially generating an exit.

What Happened?

It's a confluence of factors, really. When the Nuclear Winter of Funding hit in 2022 and beyond, an aw...

Venture capital, when provided by venture capitalists, serves a crucial role in stimulating economic growth and fostering innovation. Without it, the market landscape would be devoid of innovative startups with groundbreaking ideas. Fortunately, this form of funding gives life to these businesses, which in turn promotes progress for all. In this blog post, we discuss how venture capital works from its structure and ecosystem to potential risks as well as rewards that come along with it.

Short Summary

• Venture capital is a form of private equity investment that provides capital to high-potential startups and small businesses.

• It involves an extensive process of due diligence, term sheet negotiations, and post-investment support for portfolio com...

Every Founder wishes they had more money, but we often don't realize what happens when we spend it.

There's this fascinating transition point that we go through as Founders where our problems start with income (because we always start with zero) and then quickly transition to debts (because someone always needs to be paid).

We put ourselves in this dangerous loop where instead of getting ahead on that next round of income, we actually dig ourselves deeper into a hole by adding exponentially more costs—and those costs aren't just financial.

We don't just grow income; we grow problems, and sometimes, way faster.

The Weight of Zeroes

When I was building my first startup with just a couple of college kids on payroll, I was terrified that I woul...

Pandora was never the darling of Silicon Valley. Ever. It never had the hype of Spotify, the scale of a hot social app, or the vision of Netflix. And yet, what it has always had is a leadership team that would not quit and a passionate user base who wouldn’t quit on the product either.

You hear a lot about the great entrepreneurs not giving up… but you hear less about founders pitching 348 investors before they got a yes, less about founding teams who went years without pay, less about founders who personally racked up half a million in debt trying to stay afloat. It took three acts of Congress to save Pandora at one point… and that was when a grassroots campaign by its users bailed the company out. More people complained that Congress migh...

Tap into the power of startup communities to help you take your ideas and business plans further. These incredible networks offer a wealth of resources, mentorship, and networking opportunities that can be invaluable when starting out on an entrepreneurial venture.

In this blog post, we will look at why these innovative startup ecosystems are so important in America, as well as explore options for international entrepreneurs who want to access these global community support structures too. Finally, early-stage investor input is discussed with tips shared on how best to navigate through the process successfully!

Short Summary

• Startup communities provide powerful resources and connections to help entrepreneurs succeed.

• Explore the vibrant startu...

Several years ago, we joked that Lyft’s investors— a motley crew that includes Japanese conglomerates, billionaire hedge funds, other ride-sharing startups, sharp elbowed activists like Carl Icahn — and major venture capitalists like Andreessen Horowitz, Founders Fund and Floodgate — as the coalition of billionaires investing against Uber as much as they were investing in Lyft.

On October 19, another one joined the ranks: Alphabet — Google and Waymo’s parent company — lead a new $1 billion Lyft round. The same one embroiled in a multi-billion trade theft lawsuit with Uber. The same one that was once also an investor in Uber. This has never been an industry where allies stay allies forever. And Lyft’s co-founders John Zimmer and Logan Green ...

When startup founders hear the word “lean” in reference to business, we usually think “lean startup.” But Eric Ries wasn’t the first person to apply the word “lean” to a business philosophy. Here’s a look at what lean means, how it applies in business versus manufacturing, and a quick explanation of lean startup.

1. What is lean business?

“Lean,” at its essence, is about using fewer resources in order to provide a great product to your customers. A company that’s implementing a lean system is focusing on streamlining its systems in order to reduce waste, ideally to the point of creating no waste at all.

One big advantage of adopting a lean business model the ability to change course quickly when the needs of your customer base change. When...

We can quantifiably say that Elon Musk has been the best tech entrepreneur of the modern era. Only one other one — Jim Clark– has built three companies that exited for north of $1 billion, and he needed the dot com bubble to do it. Musk has done it four times, if you count SolarCity, across different industries and in difficult financial times.

And yet, even Musk is still scrapping and fighting for investors’ respect. Witness the current flap about his plan to merge SolarCity with Tesla, which some investors criticize as a scheme for him to bail himself out.

That isn’t how Musk sees it. But he’s used to seeing the world a different way.

Back in 2012, I did an in depth on-stage interview with Musk about the earliest days of his companies,...

Every startup launches victoriously — it's the rest of the journey that tends to put an end to it.

How many times do we have to see this same movie before we realize how it ends? Tell me if this sounds familiar: A startup launches with great fanfare — big funding, a "transformative" product, and heaps of early praise only to be nearly extinct in just a few years.

Whether it's the "next great media platform," Clubhouse ($4b valuation in 18 months, now almost defunct) or Bird ($2b valuation in just over a year, now worth $40m), we just keep seeing the same thing happen over and over.

What we're missing is the ability to discount those early announcements in favor of waiting for the actual results. We need to be able to see the early victories...