Friends, family and fools. That is where most entrepreneurs turn for their first investment dollars. But that road comes with more than a few hairpin turns that sometimes lead to crash and burn.
Sheryl Sandberg, chief operating officer of Facebook, will be the next Internet woman billionaire when the company goes public, and her stated mission is to encourage women to find their “inner geek.” But Silicon Valley is not the only place that has smart, technical women. We have more than our fair share right here in San Diego.
There is little chance of success in starting a business if one is not comfortable with the numbers. Does revenue exceed expenses, and if not now, when, and then how much money do you need to bridge that gap and for how long? And then there are concepts like pre-money, post-money, liquidation preferences, dilution, return on investment. This stuff matters, and yet, in our interactions with many entrepreneurs, we’ve been surprised at how many struggle with these basic concepts.
Your place or mine. It wasn’t a bar or a club; it was Biocom’s second annual Global Life Science Partnering Conference last week at the Lodge at Torrey Pines. It was speed dating on steroids, as small biotech companies got a chance to dance with some of the biggest pharmaceutical companies in the world. The […]
The Zuckerberg syndrome has spread. Young, brilliant scientists are not patiently waiting until they graduate to get a job or start a company. Here’s how UC San Diego is leading the way.
We spent the day at Pixar, and it was as if the ghost of Steve Jobs was in every piece of wood and steel and glass. We were there to attend the first Intersection Event. And it was exactly what it said — the intersection of social entrepreneurs, leaders in technology, academia, philanthropy and media. […]