Friday
A Success Story
Johnny Stine is not a name that comes up when we talk about entrepreneurship. However, it is the kind of name that we remember forever after we hear his story, and the ideals he represents.
Stine lives in Seattle, and all by himself he has managed to land three partnerships whereby he could generate an income amounting to as much as $ 200 million. And that is not counting royalties. Stine himself is a man of science (aged 44), and his part of the deal is to create drugs for biotech and pharma companies in return.
These partnerships mean that he could start up his very own company (North Coast Biologics) and do so without actually taking a single dollar of venture capital. He also keeps 100 percent ownership to himself, and he is in a position where he can still feel the earth beneath his feet while touching the sky with his hand.
Continue…
All entries filed under this archive
Comments - Posted 01.26.09
In case you thought that the VC scare was all in the media, here’s some hard facts for you. 2008 was the first time in five years that Venture Capital investments shrank. They went from $30.8 billion in 2007 to $28.3 billion in 2008. What does this mean for the little ...continue
Comments - Posted 01.22.09
[caption id="attachment_2305" align="alignright" width="300" caption="VC has always been a problem"][/caption] Every month, there’s an entrepreneur’s roundtable event held in NYC. Allen Stern, the head honcho over at CenterNetworks.com (and the hilariously educational Blogger King), was lucky enough to attend, and he shared his notes with the rest of us. Howard Morgan, ...continue
Comments - Posted 01.21.09
Breaking Through The Broken: The Transparent Guide To Overcoming The Inefficiencies In Early Stage Venture Capital. View more documents or upload your own. (tags: angel angelcapital) continue
Comments - Posted 01.20.09
Now, who said that funding was drying up? Well, actually, we all did. But the launch of LaunchCapital, which will provide seed-stage funding for tech startups, is something that should be looked into. This Cambridge, MA based firm wants to invest in companies that are in its early stages, which are ...continue
Comments - Posted 01.15.09
[caption id="attachment_2217" align="alignright" width="300" caption="It's time to start up!"][/caption] And here are the reasons why: 1. There’s no VC cash around: is this good? Yes! That means you’ll innovate and find great new ways to keep your startup’s head above water. 2. With turbulent times come great opportunities: Think about it. New opportunities ...continue
Comments - Posted 01.06.09
[caption id="attachment_2050" align="alignright" width="300" caption="Sometimes, you'll be so busy, this might seem like relaxation"][/caption] Like we’ve said before, starting up in the internet isn’t as easy as it sounds. If you’re going to start a company, chances are you don’t have enough money. That means you’re going to have to get ...continue
Comments - Posted 01.05.09
[caption id="" align="alignright" width="202" caption="It's all about the Benjamins"][/caption] It’s a new year and the news haven’t really changed. It’s true: VC funding is running dry. But, what are the alternatives? Are they that much better than actual VC funding? You might be surprised. Say you don’t have funding, what kind ...continue
Comments - Posted 12.22.08
[caption id="attachment_1988" align="alignright" width="300" caption="Avoid the Facebook app"][/caption] When setting up your startup, you have to know where to hit. You can’t just come up with something and expect it to be pure gold. Here is a list of some things you have to avoid, thanks to Gabor Cselle for the ...continue
Comments - Posted 12.18.08
Here are some things that won’t get your startup funded in the long run. Funding is harder to come by, and if you fall into one of these categories, you won’t get it. Here they are: - If it’s too similar to something that’s already out there. - If you’re overstating how much ...continue








