3 Tips to Maximize Your Startup Ecosystem

With work and a collaborative attitude, you can make connections that will last a lifetime. November 8, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Everywhere you go, you’re in or around an ecosystem. Whether that term is referring to your company’s HR department, a group of products or services or even an entire country, ecosystem has become a catch-all for any entity that encompasses other entities smaller than itself. In fact, according to Sloan Review, the word shows up 13 times more often in annual reports than it did 10 years ago. So why the sudden spike in popularity? Is it just because people collectively decided the term was right? Maybe. More likely, though, the rise of multicompany behemoths such as Alphabet, Apple and AT&T created a new world in which ecosystems are an inextricable part of daily life. Amazon’s recent entrepreneurial incentives are probably one of the […]

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3 Ways to Prepare Your Startup for a 5G World

If you want to reap the full benefits, start readying now. October 25, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. The dawn of the 5G era has arrived. While it might seem too soon to go out and drop serious money on a 5G phone, major carriers such as Verizon have already switched on their 5G networks in a number of American cities, including New York Detroit and Atlanta. The technology offers huge opportunities, especially for startups. Think of it this way: If you wanted to connect 10 devices to the internet a couple of years ago, you needed a router. But large-scale organizations with hundreds or thousands of terminals had to invest serious money in sophisticated networking technology to support their network needs. Going forward, 5G eliminates that problem. It doesn’t require a router, and the towers can handle a million devices within a square kilometer. The development […]

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How to Acquire the First 20 Customers for Your Startup

Don’t worry about what your future holds or whether you’ll be able to sustain your early success. Get your first customers on board, treat them well and use that success to fund your next steps. June 7, 2019 7 min read Opinions expressed by Entrepreneur contributors are their own. Startups are having to acquire customers and get revenue in the door sooner and sooner. Gone are the days of raising big venture dollars before you really focus on revenue and customers. Data tracked by venture capital firm Wing and reported by TechCrunch last month found that 82 percent of companies that raised Series A rounds in 2018 were post-revenue, up from only 15 percent in 2010. Times have changed. Founders can no longer woo investors with just great ideas and “users.” The people behind the funding want to see real results right off the bat, which means the days of raising money […]

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Make the Leap From Traditional Business Leader to Tech Entrepreneur in 5 (Easy-ish) Steps

The next wave of entrepreneurship is going to bring a whole new playbook for running companies. Are you ready? May 7, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. By 2021, half of our predicted global GDP will come from tech-enabled and digitally enhanced business models, according to IDC. More and more new companies in all industries will look and feel like high-growth tech companies rather than traditional businesses. Even the oldest of the old school will become tech-ified to some extent. Accompanying this change will be the likelihood that the next wave of entrepreneurship will bring a whole new playbook for running companies. But the good news is that that playbook will become more and more accessible to entrepreneurs of all types, especially those who know the rules of the game. Of course, even someonewho isn’t tech-savvy can still run a high-growth tech company — and do it […]

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Want Your Seed-Stage Startup to Be Fundable? Check These 4 Boxes.

To help your startup succeed, you’ll probably need outside funds. Use this checklist to make your concept fund-able. April 1, 2019 7 min read Opinions expressed by Entrepreneur contributors are their own. Venture capitalists apparently have no shortage of capital to put to work this year, but that doesn’t mean they’re willing to make bets on your self-described “beautifully designed blockchain artificial intelligence” pitch deck. If you want to net some of that VC capital this year, you’ll have to earn it. Global venture capital investments in 2018 closed a record $100 billion, according to a recent report from Crunchbase. Money is flying everywhere, so it should be a piece of cake to raise millions for your early-stage startup, right? Wrong. Despite record-setting numbers in venture, we’re seeing more concentration in later-stage deals. In fact, the Crunchbase report showed that 56 percent of VC dollars invested in 2018 went toward “supergiant” rounds. Further, the Q4 2018 report […]

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