American - Businessman | January 31, 1961 -
Every company, regardless of size, is competing for the same pool of talent, which is why top recruiters can even command equity for finding key hires. Internships give startups a chance to hire the best and brightest from our universities at a fraction of the cost that these same minds will command when they receive their degrees.
Jay Samit
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For a startup to overcome obstacles and succeed, it must foster limitless thinking. By hiring students into their first career job, you get to set their framework for how a company functions and instill them with your values for your company's culture.
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You need to begin to network with angels and VCs while you are still ideating. It is easier to ask someone you know for funding than a stranger. Build your financial network by attending as many industry functions and reaching out for advice from experts online.
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You will always need more capital than you think, because it will always take you longer to reach profitability than you can imagine.
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Too many startups get in the habit of continually raising more and more money, which has the deleterious effect of both pushing out profitability and limiting your exit options. The less rounds of capital you need to raise, the more of your company you get to own.
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As a serial entrepreneur, angel investor and public company CEO, nothing irks me more than when a startup founder talks about wanting to cash in with an initial public offering.
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For all founders, going public is a momentous milestone that has to be experienced to be fully understood. It is the culmination of years of hard work and personal sacrifice.
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In my experience, there are only two valid reasons to take a company public: access to growth capital and investor fatigue.
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Whether you stay private or go public, after all is said and done, a CEO's job is to create lasting shareholder value.
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Cable and satellite businesses are competing against fixed-line telephone companies and wireless companies.
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With less and less television being watched live, consumers are enjoying the freedom to record at home or in the cloud, watch locally or on the go, and binge watch entire series that they never had the time to enjoy.
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As good and as smart as you may be, no one knows everything. I truly wish I was as smart as I thought I was when I started my first company.
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