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Tips/AdviceBrad Feld Talks Startups
Brad Feld
Brad Feld, the guy behind TechStars and the Foundry Group, gave some interesting insights in a recent talk he had. He stated that the VC Model is not broken, and XConomy.com’s Gregory Huang was lucky enough to be there and pointed out the most interesting points. Here they are:
- Entrepreneurs are King: it’s up to entrepreneurs to innovate. That’s that. You can’t blame VCs and bailouts for your failures. You need to keep in mind that you’re going to have to innovate in order to say afloat, and no one is going to do it for you.
- Communities need to focus: entrepreneurial communities need to huddle up and focus on the same thing. This will make it easier to stay afloat, as you’ll be able to all work together towards a common goal.
- You need to stop blaming the economy: Yeah, the economy is bad, so what? Keep that off your mind, and get to do what you do best. This way, you won’t constantly dwell on the fact that you can’t succeed due to tight financial situations.
- Advertising isn’t dead: If you can get money from advertising, do it. It’s not dead, as some people claim. You just need to find the way to do it in order to make it a more stable revenue source.
- The VC model isn’t broken: VCs might be giving out less money, but they’re still funding interesting startups. If you have what it takes, then you’ll get the funding regardless.
Sounds interesting? If it does, check out the full article here.
Post Tags: advertising, Brad Feld, Entrepreneur, Entrepreneurship, Foundry Group, Techstars, venture capital, Victoria Cross
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