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Entrepreneurs Learned their Lesson from the Bubble Days

July 31, 2010 by Elias Shams 2 Comments

Ron Conway and Paul Graham share some positive and optimistic information with the TechCrunch Founder, Michael Arrington and the audience during the Social Currency CrunchUp in Palo Alto, on Friday. Unfortunately, they both mostly addressed the outcomes for investors, who always have liquidation preferences and other protections that put them ahead of founders.

Conway who said, has invested on over 500 startups, expects about one-third of them fail, one-third get investors their money back, and one-third bring a 2x to Google-x return which btw, Conway invested in Google and PayPal early on. But that’s not the case. Conway noticed that during the Internet Bubble in 1997 to 2001 — the failure rate was about 77 percent. Read more of this post

Filed under Business & Finance Tagged with Angel investor, Bubble, elias shams, entrepreneurs, failed, interview, investment, Lesson learned, Michael Arrington, Paul Graham, Ron Conway, serial entrepreneur, Social Currency CrunchUp startups, successful, VC, Venture Capital

Is Entrepreneurship Just About the Exit?

July 25, 2010 by Kamran Abdi 3 Comments

Here is an excellent article I just read on Techcrunch written by Vivek Wadhwa, about entrepreneurs and entrepreneurship:

David Park and Eric Bahn are earning more at their startup, called Beat The GMAT, than they ever did in the corporate world. Every penny of profit from the business goes directly into their bank accounts. They enjoy being their own bosses; have become experts in sales, marketing, customer support, computer programming and graphic design; feel good about helping students gain admission to business school; and are grateful that they can spend their time doing things rather than discussing things—because they don’t answer to anyone. Why should they sell their business and be back to working for companies like Intuit or McKinsey & Co., they ask? Read more of this post