Startup and entrepreneurship

What’s entrepreneurship? A commonly used definition at Berkeley is “the pursuit of opportunity beyond the resources you currently control”. That means that entrepreneurship is not limited to startups, but can also happen inside an enterprise (Intrapreneurship). For the purpose of this blog, I would like to focus on entrepreneurship involved in starting a venture that has the willingness and potential to reach a certain scale. The vast majority of startup are Mom & Pa types of startups that turn into a life long business (about 60% of firms in 2005 had less than 10 employees in the US. Source: US census). Some of them are good business, even excellent businesses: An ice-cream stand, a gift store, a service company are all interesting ventures and deserve that their founders do their homework before starting but they are not the ones I’m going to focus on.

My background being strongly skewed toward IT, and the web, I think I will be able to talk more about IT ventures and especially if they are Web-based.

I will also try to focus on Startups that could be suitable and/or seeking Angel or VC funding as those are the types of venture I’ve been mostly working on in the last 2 years. Basics are the same for all those ventures, but the way to reach the end result is very different.

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4 thoughts on “Startup and entrepreneurship

  1. Hey Tim, Thanks for the comment and the link. The idea of this blog will be to develop in great details and with many example this type of approach for startups… Let’s hope it benefits some. I’ve just spend the day yesterday listening to pitches from startup and realize how far some of them are from seeing that their business is doomed to fail.. Anyway.. A lot to come!

  2. Hello Antony,

    It’s quite sure that entrepreneurship is interresting and that you need to be sure of yourself if you want to do it. However, any idea deserves to be tried just to see if it work.
    For example, we are applying a new idea to get means to make creative ideas.

    See you

    • Thank you for your comment. you are definitely right, any idea deserves some thoughts and even try outs, but what is important is the “Fail fast” principal: Coming to realize if an idea is viable as quickly as possible so you don’t waste time and money on something that ultimately won’t work. It’s very hard for an entrepreneur to let go of an idea (I have done it several times and still see some of them as good ideas – but they were not commercially viable using the structure and business model I had at hand), but I would say it’s the first time the hardest 😉

      By the way, I was part of a group that was brainstorming ideas and tried to come up with interesting stuff. It was a very fun exercise, and a good financial/market analysis framework was very helpful to eliminate the bad ones. for the good ones, we were putting a bit of time to research the potential and took decision after that.

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