A Startup Leaders Greatest Challenge

Lets be real honest here for a second. Startups are fucking tough and the emotions that they cause often times seem unbearable. They make you want to give up. They drive you to the point of wanting to rip your hair out.

The truth is, you are not alone (I’m there with you).

These emotions are completely natural and part of the process of developing you into the leader that you need to be for yourself, your family, and your startup.

Question: Think back at the last time you were being screamed at by your customers, employees, or your wife, you worked until you dropped, you ran out of capital, made a stupid decision, or you just pushed yourself to that point of breaking? How did you respond? Are you proud of how you responded? Or do you feel like an idiot?

Emotions are normal…especially for a startup.

The key to being a great startup leader is knowing when to display emotions, when to delay them, and when to put your head down and fight them.

Emotions will do two things to you: 1. Make you better 2. Wreck you. It’s up to you to choose how to deal with your emotions.

Make a decision that the next time you have to deal with emotions (You will) that you will put others first and you will handle them, process them, and allow them to shape you into the leader that you need to be.

 

 

It’s more than the green stuff

Here’s the deal. If you’re smart, you realize that “the right investors” can offer you way more value than just the green stuff they are putting into your deal. I think entrepreneurs – because they are desperate, jump way to soon and end up in bed with someone who might have money, but beyond the money, they are pretty much useless.

Instead of looking at the investor as, holly shit this guy has a ton of money, look at him like, who does this guy know? What can he teach me? Who are his contacts? How well does he know the industry I am in? Try this next time and I promise you will be thanking me later.

I share this because I think all entrepreneurs F this up at some point in their entrepreneurial career. I have, you will, everyone does. Why? Because we are normal people who get excited and end up pulling the trigger to soon. Take my advice and the thousand other entrepreneurs that have pulled the trigger to soon. Be smart.

The other thing that I’ve learned, when your dealing with venture capitalists, they know their shit and they have been around the block a few times. And, when you get the right VC involved in your deal, it is the difference between achieving minimal vs. maximum success.

Here is where VC’s tend to offer the most value: 

1. Their networks: They’ve spent their entire life building their network. This includes: investors, partners, talent, vendors, distributors, etc.

2. Experience, knowledge, and wisdom: They can help you understand what it is going to take to make your deal a huge success. They have been there and done that. Listen to them. If you think you no more, you need to be bitch slapped.

3. Sources to other green: When you spend your entire life building and growing companies you end up having several investor and VC relationships. Tap into this, It’s the fastest route. I promise.

 

Streamlining the investment process

Check out this great new company called CaplinkedIt’s a new tool that streamlines the investment process and gives companies a new way to raise capital and sell assets.

Also, it’s not just built for tech startups, but for all startups. Some of the investments on the site are:  financial services, energy, transportation and food and beverage industries.

Here’s the number that got me excited! The company launched in Oct 2010 and it already has $12 billion in deals.

If your entrepreneur or investor, I say, click on over to the site and check it out.

Note: (To view a deal, would-be investors have to certify that they are accredited investors, institutional investors or advisors to one of the investors.)

Oh, and last but not least, the service is FREE! Who doesn’t love FREE!