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.