American - Businessman | -
I think entrepreneurs should demand transparency for startup accelerators.
David Cohen
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We've been publishing the TechStars data fully since the beginning on TechStars.com. For every single company, you can see if it's a failure, success, how much they raised. Entrepreneurs deserve that sort of transparency from accelerators, and it's not hard to do.
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San Francisco is a great startup community that you shouldn't even try to model yourself after because it's just special.
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Twitter needs to become more of a platform on the web. If Twitter went away today, people would just turn to Facebook. If Facebook went away, people would start screaming - it's so universal.
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If you're pitching to investors for the first time and expecting them to be so blown away by how thoroughly amazing your pitch is that they write a check on the spot - well, prepare to be disappointed.
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Consumers have zero time for products that are not simple, intuitive, and attractive to use. This is especially true with Internet products, where clean and useful design is a prerequisite to keeping anyone on your site for more than 30 seconds.
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The Internet is full of choices, and nobody is going to make the choice to use a product that is hard to use or unattractive.
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Deciding whether or not to bring in an outside CEO is one of the most gut-wrenching decisions that a founder will ever need to make.
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Because one of the main jobs of a CEO is to set the vision and strategy for the company, I'm a big believer in making one of the founders the default CEO.
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There's no law that says you have to do what your mentor suggests. And the sooner you learn how to say 'no' confidently, the easier it will be to manage these key relationships.
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At TechStars, I have the privilege of working with hundreds of the best and brightest start-up mentors on the planet. We coach our mentors to take a Socratic approach and to provide data rather than decisions.
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The best mentors present their opinions simply as data and not as direction.
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