Browsed by
Tag: #NewYorkAngels

What’s the #1 Criteria for Success in the Startup World?

What’s the #1 Criteria for Success in the Startup World?

When he spoke at our  investor breakfast a couple of months back, New York Angels chairman Brian Cohen said that Bill Gross, founder of idealab, a startup studio and arguably the prototype for tech accelerators, asked what was the one criteria that mattered most in a successful exit of a company. Was it the amount of money they raised? Or was it smart leaders that mattered. After all the research that he had done at idealabs, Gross concluded that it was timing that was the #1 criteria for success. Timing, meaning when you went to market – think Six Degrees, the first social network in the Web 1.0 days, v Facebook.

It’s all about timing. Read More...

The Wright Brothers Didn’t Have a Pilot’s License and More Sage Advice from Investors

The Wright Brothers Didn’t Have a Pilot’s License and More Sage Advice from Investors

Some investors put a lot of stock in startups or founders who have subject matter expertise. Jeanne Sullivan, founder of Starvest, loves to hear from founders who are doing something totally new, in which case, how can you be a subject matter expert. After all, as she said, “the Wright Brothers didn’t have a pilot’s license.“

We host a breakfast every two weeks with one investor and a small group of entrepreneurs. We prefer this over filling the room with 100-400 people, as investors tend to say things in a smaller group and impart information that might not come out during the Q&A in a larger group. Since it’s summer and many of the investors are away – which means that we’re only hosting one breakfast in July and one in August – we felt that this might be a good time to share some of the information that they’ve share with us (and the attendees) with you: Read More...

Wordpress Social Share Plugin powered by Ultimatelysocial
%d bloggers like this: