Archive for March, 2011

Helping Entrepreneurs Succeed: Steve Jobs

by Scott Edward Walker on March 30th, 2011

To Our Clients & Friends:  Welcome to our weekly series “Helping Entrepreneurs Succeed.”  Each week, we post a short video of a successful entrepreneur, investor or business leader on a variety of topics to help entrepreneurs.

This week we present Steve Jobs, obviously one of the greatest entrepreneurs who ever lived.  In this amazing, inspirational speech (his 2005 Stanford Commencement Address, which we previously posted), Steve discusses “three stories of [his] life,” with the following important takeaways:

  • You have to “follow your heart” and trust and embrace the path that you are taking (“amor fati” – to use Nietzsche’s phrase).  Indeed, you must understand, with full conviction, that “you cannot connect the dots looking forward; you can only connect them looking backwards.”
  • “You’ve got to find what you love…. The only way to do great work is to love what you do…. Keep looking; don’t settle.”
  • “Remembering that you are going to die is the best way…to avoid the trap of thinking you have something to lose….There is no reason not to follow your heart….Your time is limited, so don’t waste it living someone else’s life.”
  • “Stay hungry, stay foolish.”

By the way, I’m sure many of you have already seen this video.  My advice: watch it again (and again).  Cheers, Scott

 

 

Walker Twitter Highlights: March 21sth – 27th

by Scott Edward Walker on March 28th, 2011

I’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues.  If you missed this week’s Twitter updates, below are my five most popular tweets (via bit.ly) and my blog-related tweets.  If you’d like to see all of my tweets (or an RSS feed of them), you can do so here.  Thanks, Scott

(more…)

VC Term Sheets – Board Control

by Scott Edward Walker on March 24th, 2011

Introduction

This post originally appeared as part of the “Ask the Attorney” column I am writing for VentureBeat.  Below is a longer, more comprehensive version, which is part of my ongoing series on venture capital term sheets.  Here are the issues I have addressed to date:

Today’s post relates to the composition of the Board of Directors and specifically addresses the issue of who should control the Board following a Series A financing.

(more…)

Helping Entrepreneurs Succeed: Dennis Crowley

by Scott Edward Walker on March 22nd, 2011

We have these things in our head, and we just want to get them built. –Dennis Crowley

To Our Clients & Friends: Welcome to our weekly series “Helping Entrepreneurs Succeed.”  Each week, we post a short video clip of a successful entrepreneur, investor or business leader on a variety of topics to help entrepreneurs succeed.

This week, we again present Dennis Crowley, Co-founder and CEO of foursquare and a super smart and successful entrepreneur.  In this interesting, four-minute interview with Chris Dixon (courtesy of TechCrunch TV), Dennis discusses (i) launching a startup in New York City, (ii) fundraising and (iii) growing from 2 to 50 people (i.e., “building the machine that builds the products”).  I hope you enjoy it.  Many thanks, Scott

Walker Twitter Highlights: March 14th – 20th

by Scott Edward Walker on March 21st, 2011

I’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues.  If you missed this week’s Twitter updates, below are my five most popular tweets (via bit.ly) and my blog-related tweets.  If you’d like to see all of my tweets (or an RSS feed of them), you can do so here.  Thanks, Scott

(more…)

Motivational Clips for Entrepreneurs: “Doin’ What You Love”

by Scott Edward Walker on March 18th, 2011

“People often say that motivation doesn’t last.  Well, neither does bathing – that’s why we recommend it daily.” – Zig Ziglar

Welcome to our weekly series “Motivational Clips for Entrepreneurs.”  Each week, we post a short video to inspire and motivate entrepreneurs.  Why?  Because we know how tough it is being an entrepreneur; and whether you’re trying to launch your venture, execute your business model, raise funds or sell your company, you need a little juice to help you push the ball forward.  I hope these videos are a little juice.  Cheers, Scott

 

Can I Raise Funds via Facebook or LinkedIn?

by Scott Edward Walker on March 17th, 2011

As a corporate lawyer for entrepreneurs, I am frequently asked: “Hey Scott, can I raise funds for my new company via Facebook or LinkedIn?  I have lots of friends and connections, and I know some of them would be interested in investing.”  The short answer is no (except in rare circumstances) because it would violate securities laws.

 

 

 

 

 

 

(more…)

Helping Entrepreneurs Succeed: Scott Belsky

by Scott Edward Walker on March 16th, 2011

To Our Clients & Friends: Welcome to our weekly series entitled “Helping Entrepreneurs Succeed.”  Each week, we post a short video clip of a successful entrepreneur, investor or business leader on a variety of topics to help entrepreneurs succeed.

This week, we present Scott Belsky, who is the founder and CEO of Behance and the author of Making Ideas Happen.  In this interesting, three-minute clip, Scott discusses the importance of marketing.  I hope you enjoy it.  Many thanks, Scott

Scott Belsky: Don’t Let Your Genius Go Unnoticed from 99% on Vimeo.

Walker Twitter Highlights: March 7th – 13th

by Scott Edward Walker on March 14th, 2011

I’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues.  If you missed this week’s Twitter updates, below are my five most popular tweets (via bit.ly) and my blog-related tweets.  If you’d like to see all of my tweets (or an RSS feed of them), you can do so here.  Thanks, Scott

(more…)

Motivational Clips for Entrepreneurs: “I Will Have My Vengeance”

by Scott Edward Walker on March 11th, 2011

“People often say that motivation doesn’t last.  Well, neither does bathing – that’s why we recommend it daily.” – Zig Ziglar

Welcome to our weekly series entitled “Motivational Clips for Entrepreneurs.”  Each week, we post a short video clip to inspire and motivate entrepreneurs.  Why?  Because we know how tough it is being an entrepreneur; and whether you’re trying to execute your business model, raising funds or selling your venture, you need a little juice to help you push the ball forward.  I hope these videos are a little juice.  Cheers, Scott

 

Do More Faster – Part I

by Scott Edward Walker on March 9th, 2011

Introduction


I just finished reading the book Do More Faster, which is a collection of blog posts/articles by successful entrepreneurs and investors edited by David Cohen, the founder and CEO of TechStars, and Brad Feld, the managing director of Foundry Group.  As Brad noted on his blog: “Our goal was to write a unique book full of useful information for any early stage entrepreneur.  Rather than give advice or simply tell an entrepreneurial success story, we decided to blend the experience of the TechStars entrepreneurs and the TechStars mentors in an organized fashion.”

Below are a few nuggets from the first half of the book; I will share some second-half quotes in my next post.  Cheers, Scott

(more…)

Helping Entrepreneurs Succeed: Bill Gross

by Scott Edward Walker on March 8th, 2011

To Our Clients & Friends: Welcome to our weekly series entitled “Helping Entrepreneurs Succeed.”  Each week, we post a short video clip of a successful entrepreneur, investor or business leader on a variety of topics.

This week, we present Bill Gross, the founder and CEO of Idealab and a brilliant serial entrepreneur.  In this interesting, six-minute clip (courtesy of Stanford University’s Entrepreneurship Corner), Bill discusses the complementary skills necessary for a successful management team, including the respective roles of the entrepreneur (E), the producer (P), the administrator (A), and the integrator (I).  I hope you enjoy it.  Many thanks, Scott

Walker Twitter Highlights: February 28th – March 6th

by Scott Edward Walker on March 7th, 2011

I’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues.  If you missed this week’s Twitter updates, below are my five most popular tweets (via bit.ly) and my blog-related tweets.  If you’d like to see all of my tweets (or an RSS feed of them), you can do so here.  Thanks, Scott

(more…)

Motivational Clips for Entrepreneurs: “It’s Time to Let Go of the Past”

by Scott Edward Walker on March 4th, 2011

“People often say that motivation doesn’t last.  Well, neither does bathing – that’s why we recommend it daily.” – Zig Ziglar

Welcome to our weekly series entitled “Motivational Clips for Entrepreneurs.”  Each week, we post a short video clip to inspire and motivate entrepreneurs.  Why?  Because we know how tough it is being an entrepreneur; and whether you’re launching a venture, trying to execute your business model, raising funds or trying to sell your company, you need a little juice to help you push the ball forward.  I hope these videos are a little juice.  Cheers, Scott

VC Term Sheets – Dividends

by Scott Edward Walker on March 3rd, 2011

Introduction

This post originally appeared as part of the “Ask the Attorney” series I am writing for VentureBeat.  Below is a longer, more comprehensive version, which is part of my series on venture capital term sheets.  Here are the issues I have addressed to date:

Today’s post relates to dividends and how to protect the company from over-reaching by the investors.

(more…)

Helping Entrepreneurs Succeed: Fred Destin

by Scott Edward Walker on March 2nd, 2011

To Our Clients & Friends: Welcome to our weekly series entitled “Helping Entrepreneurs Succeed.”  Each week, we post a short video clip of a successful entrepreneur, investor or business leader on a variety of topics to help entrepreneurs succeed.

This week, we present Fred Destin, a partner at Atlas Venture and a smart investor (and a good guy).  In this interesting presentation in Berlin last year, Fred discusses how to pitch your startup to investors, including (i) honing your story, (ii) how to get past “no”, (iii) the importance of a business model and (iv) traction.  I hope you enjoy it.  Many thanks, Scott

Hacking Venture Capital – Fred Destin – pt1 from Seedcamp on Vimeo.