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DesmondPieri
Boston
www.ChangeAgentDes.com
Interests: Coaching founding CEOs of tech based companies, Interim CEO, Interim COO, Casco Maine.
Recent Activity
The elephant in the room about the lean startup model that no one seems to dare talk about is this; you can only have an un-funded (or lean-funded) startup when your employees can work for little or no money. This therefore limits your employee pool to (a) people just out of school who have no expenses (but also no experience) and (b) people who are wealthy. The result is that these startups do not get the wisdom and experience of the large pool of people who have lots of experience and success.
Yes, under the "lean" model investors are reducing their risk by putting less money into the venture. But investors are increasing their risks by excluding this pool of workers.
Des Pieri www.ChangeAgentDes.com
Two Venture Capital Industries - But One Lean Start-Up
Fred Wilson posted a blog last week regarding the "Two Venture Capital Industries" -- observing that the Internet/software industry, where he invests, has undergone great change due to the lower-cost model (commonly known as the "lean start-up" movement) but the more capital-intensive industries...
Jeff, as always, an insightful post. Discouraging too. I think the solution is, as you noted, that we need to find the politician who is willing to take on this cause as Kennedy and McCain took on their causes. Maybe after we get past this election, one of them will be willing to take it on. Des www.ChangeAgentDes.com
Who Will Champion Entrepreneurship?
I love Jackson Hole, Wyoming. It is one of the most extraordinarily beautiful settings in the world. One cannot help being in a good mood when observing the breathtaking wildlife, open sky and the awe-inspiring Grand Tetons. Thus, reading the reports from the August annual economist confab...
Chip, great advice. Although it seems basic, I've seen so many entrepreneurs not follow it. People often shoot for a raise amount that is not tied to their milestones. And people often dismiss the importance of the long-term relationship with the VC. When I've gone in to clean up VC backed companies, the problems often go all the way back to a not-well-thought funding round. Des
While VCs & Angels debate, focus on first principles
There has been a lot of debate lately in the investor community about VCs vs SuperAngels and the best approach to financing early stage companies. If you are an entrepreneur, you could spend all day catching up on the blog/twitter traffic, which of course makes it hard to focus on actually buil...
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Sep 9, 2010
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