The Entrepreneurial Truth Blog
Unspun lessons from a startup entrepreneur at the coal-face. By Sahil Merchant.
Are all angel investors ruthless?
If you haven’t hit up your family, friends and fools to investment in your new venture, angel investors have every right to be sceptical. Sahil Merchant has a bunch of ruthless angles crowded on his shoulders, and he thinks it’s a damn fine thing.
Work ON and not IN your business… Thanks heaps for the advice.
I’ve heard it a hundred times. Entrepreneurs need to work on their business as opposed to in their business.
However, getting stuck in the day-to-day happens to most of us, and the obvious question is ‘why?’ Especially when we know it is not in the best interests of our company. Are we just inherently forgetful, or is something else in play?
Raising capital – Who gives a damn about the numbers?
People ask me quite regularly if I can look over their numbers prior to them talking to potential funders. I have generally been happy to do so, but the truth is that I will have no clue. Neither will the potential funders. And, most likely, neither will you. The thing about most new ventures is…well, they are new. So we put down our best guesses, present them as the gospel truth and everyone pretends they know more than everyone else. What a crock.
Every journey has a start
Today we launch a new blog. ‘The Entrepreneurial Truth’ is written by mag nation fopunder, Sahil Merchant. In this, his first post, Merchant admits that his new venture has yet to turn a cent of profit and offers his own brand of unspun entrepreneurial truth, direct for the coal-face.
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