Should we be afraid to make mistakes? Is this attitude, instilled upon us since the beginning of our education, holding us from reaching true potential? Now, I’m not saying to embrace being wrong, but to have the willingness to not let it hold you back. Here is an inspirational video that really hit home for me. It shows some how some of the most inspirational people rebounded from their failures to achieve great success.
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Failure: preparation to success
Do you have what it takes to impress a VC?
Have you ever wondered what goes on during a Venture Capitalist (VC) meeting? Have you wondered what questions the VC asks the entrepreneur? How the negotiations for equity / investment are done? What it really means to play ‘hardball’ ?
Check out ABC’s series, “Shark Tank” to see what it really takes to impress a successful investor. The so-called ‘sharks’ consist of a panel of 5 very successful businessmen (and woman).
- Kevin O’Leary: sold his company to Mattel for $3.7 billion
- Daymond John: founder, president, & CEO of FUBU clothing line
- Kevin Harrington: widely acknowledged as the pioneer and architect of the “infomercial” industry.
- Robert Hervajec: sold his first company for $100 million
- Barbara Corcoran: founded a $5 billion real estate business
While it’s entertainment, the dialogue is authentic, or in other words, not scripted like most reality shows these days. Even more than the numbers, this show spotlights the fact that the VCs really do invest in the entrepreneur, not necessarily the product or business.
To watch full episodes of ABC’s Shark Tank, check out this site: http://bit.ly/TIs9B
‘Insider’ tips to tighten up your VC pitch
Hey guys, Donovan here…

Over my past few years in the Shidler College of Business, I’ve listened to A LOT of guest speakers: from Richard Parsons dissecting the causes of the recession to Jay Shidler reliving his entrepreneurial career. Many of these guest speakers were entrepreneurs who told a story of living and dying by the merciless sword of the Venture Capitalist. I recently found this article in Entrepreneur Mag in which Carol Tice interviews 3 venture capitalists (Alex Ferrara of Bessemer Venture Partners, Maneesh Sagar of CT Innovations and Jon Elton of iNovia Capital) and asks them what are some specific signs they look for in a possible investment. With VC funds running parallel to the economy, investment deals dropping from 1,200 (worth $6.8B) in 2008 to 2,000 deals ($15.2B) in 2009. Therefore, it’s even more imperative that you tighten up your VC pitch. While this article discuses some of the more fundamental rules of pitching, I found it insightful because, while basic, they are tips are often the most overlooked. Here are some of the top tips I took away from the article:
- Experience, Experience, Experience. No one wants to look like a fool and VCs are no exception. They increase their chance of return by investing in experience. “Good judgment in business comes from experience. I want to see people who’ve already made their mistakes and struggled,” says Sager.
- We spent how much on marketing?!#% “One of the most important figures to know: customer acquisition cost. How much does your company spend on marketing, on average, to bring in a new customer?” The reason this number is so essential is because a large percentage of the VC funds acquired by the entrepreneur is used to acquire new customers through various marketing channels.
- Are you selling your product already? I’ve already emphasized how difficult it is to find substantial funding in the current state of the economy. If you want to be one step ahead of the VC fund-ee competition, having a legitimate customer base or list is one of the “most concrete signs of success you can offer a VC.”
- Show me, Don’t tell me. “Jump into the demo,” says Elton, “rather than showing me a screen shot of something. I find that not very helpful.” A demo that excites the VC is better than the most compelling PowerPoint.
For the rest of the ‘insider’ tips, check out the full Entrepreneur Mag article at: http://bit.ly/1bMZp2
The ingredients of RVCA’s “Secret Sauce”
We’re all becoming experts at stalking on the Internet. We do it on facebook. We do it on twitter. We do it by googling anything and everything. So if your “brand” isn’t authentic, we’re gonna find out and we’re gonna slam you. We’re not gonna buy your stuff and we’re gonna tell our friends. Don’t try to fake us out cause it won’t work.
The day of the “trumped-up” brand is dead. In other words, authenticity is the only way now. How simple is that? Take apparel company RVCA for example. Pronounced
“Roo – kah”, RVCA is more than a clothing company, it’s a movement, it’s a culture, it’s a lifestyle. Founder PM Tenore’s vision was to create a subculture of like-minded individuals by showcasing the talents of inspiring artists.”
And RVCA’s culture is really for real. They actively engage and build upon art, music, fashion, action sports, mixed martial arts (MMA), etc. RVCA’s website states, “it is about today, tomorrow and life as the big picture. It is about inspiring our generation, providing something of substance and culture and above all doing it with integrity and as a united family.”
The result is a RVCA philosophy that’s now a $50 million a year reality. Tenore has created a lifestyle that people want to be a part of, myself included. But more importantly, by staying true to his roots, Tenore has created his own story and laid a blueprint for others to follow: Be real. Be authentic. It’s the only road to success.
Is Entrepreneurship for You? Find Out Now
Checkout this inspiring clip to see if you were meant to be an entrepreneur:
The Economy of Every Man for Himself
Sir Ken Robinson challenges the way we’re educating the youth of the world. And he seeks answers to the question “why don’t we get the best out of people?”
Robinson believes it’s because schools are killing creativity. “Academic ability has come to dominate our view of intelligence”, says Robinson. Rather than focusing the talents and passions of our children, we mold them to fit specific career models and so called higher thinking. “The purpose of public education” Robinson satirically argues, “is to produce university professors.” In other words, he sees the world of education as forming students in their own image rather than helping them evolve into what is or may be truly needed in the future market place.
Robinson passionately argues that we need to adopt a new conception of human ecology, “Our education has mined our minds in the way that we’ve strip mined the earth for a particular commodity and for the future. It won’t service. We have to rethink the fundamental principles on which we’re educating our children.”
He also argues that getting educated no longer equals a career. Due to the concept Robinson calls ‘academic inflation’, jobs that once required a BA, now requires an MA, and what once required an MA, now needs a PHd. Says Robinson, “These days, degrees aren’t worth anything.” And long-term positions are becoming increasingly rare while outsourcing seems to be the growth trend of the future. The fact is, many will be forced to become entrepreneurial whether they like it or not.
There’s a saying among entrepreneurs: If you do what you like, you’ll never have to work a day in your life. Entrepreneurship is about following your passions and fulfilling your desires. Life should not be a square peg being jammed into a round hole. Therefore, by embracing entrepreneurship, we’ll not only overcome the innovation-blocks of academia, but also set ourselves up to succeed in a new age of career uncertainty.
So begins the era of mass entrepreneurialism.
Are you ready?
- To check out the full, highly entertaining, speech from the TED 2006 Conference in Monterey California: http://bit.ly/12fk27
Ecopreneur: How Darren Kimura Bootstrapped His Renewable Energy Business

Darren Kimura, bootstrap ecoprepreneur
I sat down in my 9am Intro to Marketing class and looked at my watch: 8:55am. As I looked up, I noticed a man next to our teacher. “Nice!” I thought, “No lecture today. We got a guest speaker!” His name was Darren Kimura and his presentation was what sparked my entrepreneurial plug. Here was living proof that, with just an idea and the right work ethic, success is really up to you.
As he talked about being a slacker who used to skip school to surf, I began to realize how down-to-earth Kimura was. He saw an unmet need and went with it. He was not the straight A student, but simply a guy with initiative and a vision: Continue reading →
Will Obama’s $787B Stimulus Help Small Biz?

President Obama’s early Christmas present to the American economy is a $787 billion dollar stimulus package. Will it provide smiles for all? Or prove a Trojan Horse that wreaks mayhem on our future?
Find out how your business may be affected
see the blog.globalbx.com article at: http://bit.ly/J7HeH
What do you think?
Rags to Riches: The Man That Reinvented Haircare & Tequila

John Paul DeJoria took $700 at age 22 and started what would soon become a $900 million a year hair care business: Paul Mitchell Systems.
He would later co-found PatrónTequila, which would open up a new ‘premium’ market for tequila that’s even bigger than Paul Mitchell Systems. These days Forbes Magazine estimates his worth at $3.5 billion.
Check out a cool interview of John Paul at Entrepreneur Magazine: http://bit.ly/eDTzt
SNIPPETS
- “You’ve been homeless. Twice. Once, when I was about 22 years old…The other time was when I started John Paul Mitchell Systems in 1980.”
- “So you started Paul Mitchell with $700. A lot of people would wonder what you were thinking. I was thinking I had everything lined up. My partner had an extra 350 bucks, I borrowed 350 bucks from my mom, and we took off [laughs].” Continue reading →
Firewire Surfboards Lead the Next Age of Surfing Above the Lip
Darwin was right when he said only the strong survive. In business today, that increasingly means leadership through innovation that tests limits and transform markets.
In the world of surfing, a brave new warrior has emerged in Firewire Surfboards, a company positioning itself to take over surfing’s billion dollar market. By making boards using unorthodox manufacturing techniques, high-tech materials like bamboo and carbon, and going green with a process that’s 50 times less toxic than traditional polyurethane surfboard production, Firewire’s making a lighter, stronger, and more flexible board that promises to revolutionize the art of riding a wave.
Check out an killer Entrepreneur Magazine article at: http://bit.ly/2x5yg7
SNIPPETS
“When Firewire came on the scene, it was a disruptive technology,” says company CEO Mark Price, a former wave-riding pro. “It represented a real threat to the entrenched surfboard manufacturing interests.”… The CEO might sound hyperbolic, but Firewire’s capabilities were on display when teen surfing sensation Dusty Payne was awarded $50,000 this spring for winning the Kustom Air Strike best-aerial contest.
Payne shot off a wave, spun 360 degrees in the air and landed with nary a hair out of place. The jaw-dropping, skateboarding-style trick, caught on video on the North Shore of Oahu, could shake surfing the way Tony Hawk’s two-and-a-half-rotation “900” helped to launch ESPN’s X Games into popular culture 10 years ago… Price says, competitive surfing was once about carving the surface of a wave; now the sport is heading “above the lip”–in the air–where skate-style moves are becoming de rigueur for a new generation of riders.”