There is a ton of hidden treasure in failed startups — you just have to know how to look for it, and ultimately, how to capture it.
After my first (not last) venture-funded startup tanked, everyone pretty much ran for the hills. Investors bailed, the team got other jobs, and customers found better solutions. But I kept thinking "We just spent a ton of money to build all of this, can't I capture this value back?"
Then it occurred to me — the same thing is happening for countless other failed startups. All of the assets that they spent millions to build just get buried. Everyone tries to make a last-ditch effort to sell them off, but in most cases, it never works and they just evaporate.
But what if we were the ones looking to dig up that bur...
Many entrepreneurs have looked to mentors as a way of finding guidance and support for their startups. With the right startup mentor by your side, you can avoid pitfalls and navigate toward success. This blog post will provide strategies on how to find such perfect mentors who could take your startup journey up another notch!
Gain invaluable knowledge and experience from a startup mentor to help your business succeed.
Network, attend events, use online platforms & leverage personal connections to find the perfect mentor for you.
Build meaningful relationships based on trust and understanding for a successful mentorship journey.
Having access to the cumulative experience and expertise of many busines...
Have you ever had a desire to have total control, make an impact on the world, and establish something that will last for generations?
If so, then entrepreneurship is likely your ticket. But what does it actually mean to become an entrepreneur? The journey for entrepreneurs can be both exciting and gratifying, yet at times challenging and risky. There are plenty of possibilities if done correctly.
Here we'll discuss in depth the concept of becoming successful as an entrepreneur — from gaining insight into crucial entrepreneurial thinking required all the way through to how one may navigate running their own business — offering practical guidance specifically tailored towards early-stage entrepreneurs.
In conclusion, you'll be far more prepa...
It turns out middle schoolers may be some of the best Founders I've ever met.
A little backstory. My kids go to a small school in Ohio that only has 208 students in the whole Middle School (grades 5-8). The school is very innovative, but one of the things that they do is allow the teachers to each pick one topic they would love to teach, no matter how weird, and pitch it to the entire Middle School.
I got invited to this pitch, totally unprepared as usual, and watched all of the other teachers pitch their classes. It was everything from "How to be a Pirate" to "How to Create your Dungeons and Dragons character." There were some seriously academic ones in there, but I was "sold" on the D&D course for sure! Where was this stuff when I was a kid...
As a startup, customer acquisition is essential for success. It requires careful planning and execution to ensure that your efforts are successful and cost-effective. In this introduction, we will explore key topics such as building relationships with potential customers, tracking success metrics, leveraging digital marketing channels, testing different campaigns, and more. With the right strategies in place, customer acquisition can be an exciting opportunity for startups to grow their customer base and expand their business.
Customer acquisition for startups is an incredibly important process that can mean the difference between success and failure. A...
It is difficult to predict the specific types of startups that will be most successful in 2023, as the success of a startup can depend on a variety of factors such as market demand, competition, and the unique value proposition of the business.
However, here are 20 business ideas to start the brainstorming process:
Virtual events, such as conferences, trade shows, and workshops, have become increasingly popular in recent years due to the rise of remote work and the convenience of participating in events online. A virtual events platform could be a successful startup business model for a number of reasons:
There is a growing demand for virtual events as more organizations look for ways to host events onl...
Making prototypes in China is a cost-effective way to test your product idea before selling it to consumers, but it is a detailed process that takes a lot of work to initially set up. In order to get a prototype made in China, you need to have an idea of the steps needed to follow before getting your product in mass production.
In this article, we will explore what these steps are and how to go about them with extended insight from members of the Startups.com community.
A prototype is a preliminary model of a product which is used to demonstrate the product's form, fit, and function. Prototypes are made with the intent of testing out different aspects of a design to see how they work.
Prototypes help you make decisions abo...
A crypto startup is a business that deals with cryptocurrencies. Startups focused on this industry have been popping up all over the world in recent years. With the rise of Bitcoin, Ethereum, and other cryptocurrencies, many entrepreneurs are looking to create their own crypto or blockchain-based startup.
It sounds easy enough in theory, but for those new to the industry, it's much like learning another language. In this article, we aim to define, expand on, and share insights we have compiled to demystify the process of launching a crypto startup.
1. Identify a problem that needs solving.
2. Create a white paper outlining the idea (i.e. a solution to the...
Before we spend a dime on building anything, we’re first going to learn how to assess the feasibility and viability of our startup idea to see whether we should forge ahead with confidence, pivot, or go back to the drawing board altogether.
This should always be the first step for every Founder who is considering pursuing a startup idea. Broadly, this process is called idea validation.
As a Founder, chances are you’ve experienced the “eureka” moment — that feeling of capturing lightning in a bottle when you suddenly strike upon an idea that has you running to tell your friends, family members, and baffled strangers you encounter on the street (but probably not your target audience).
Nine times out o...
While it isn’t a new phenomenon, many of us might be familiar with the behavior but not have a term connected to it, that is, until now. You may have heard the term "quiet quitting" recently as the latest workplace trend, many thanks to influencers on TikTok, but it has been around long before social media ever existed. Generally, there are multiple definitions floating around as to what quiet quitting is, and what it means for the workplace.
Upon first hearing the term, many might mistake quiet quitting as slacking off at work, but that is not entirely true. Some people define it as not taking on more work and setting boundaries with employers to avoid burnout, while others say it’s simply not...