Those of us who are crazy enough to start a business know that there is only so much you can learn about entrepreneurship without experiencing the challenges first-hand. Does this mean that you should not prepare yourself to face these challenges? Can you not learn from others' successes and failures? Of course not!
As arguably the greatest American inventor and statesman, Ben Franklin penned many famous sayings, including "an investment in knowledge pays the best interest." This will not be the last time I refer to BF, because as a great entrepreneur in so many fields and professions throughout his lifetime and as possibly the first rags to riches exemplar of the American Dream, his copious writings provide us with a treasure trove of wisdom from a man who was fantastically successful at so many endeavors.
The purpose of my weblog, however, is not to emulate Poor Richard's Almanack. My goal is to provide my perspective on the contemporary challenges of entrepreneurship, which I hope will be of practical use to others. So, if you are:
- wondering whether to pitch your start-up to an angel network;
- curious about opportunities during a housing market correction;
- puzzled by definitions and uses of founders stock, preferred equity, venture debt, mezzanine debt, senior debt, and factoring;
- wondering when to use a PR firm, hire a VP of marketing, use an outsourced call center, start an ESOP, or make a personal guarantee;
- looking for insight into trends in Cleantech, Social Networking, and Venture Capital;
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