By admin on February 27, 2010
Just because you’ve been in talks doesn’t mean the deal is done. Entrepreneurs need to remain diligent about timelines in order to ensure that the deals they’ve set in motion actually come to fruition. If you’re negotiating a term sheet, building a partnership or on the verge of an acquisition, get the papers signed. Legendary GRP VC investor Mark Suster has seen his fair share of successful deals, and he writes, “don’t pop the champagne until the ink is dry on the contract and the money is in the bank.” …
Posted in Startups | Tagged acquisition, bizdev, business development, close deals, grpvc, partnerships, suster, venture
By admin on February 1, 2010
With the Super Bowl less than a week away, I am reminded of 2002 and the New England Patriots, which defeated the St. Louis Rams and won the NFL title that year despite being labeled a clear underdog. During the player introductions, each Rams starter soaked up the limelight one after another. The Patriots however chose to enter the stadium as a team, waiving their rights to player-by-player introductions. The Patriots went on to shock the world by upsetting the talented Rams team, and ever since, Super Bowl teams have followed in their footsteps by entering the field as a team.
But what does football have to do with startups? According to Zynga’s Mark Pincus, football of a different sort helps enables him to identify which people will be successful in business and management. Recounting a story from his days of playing soccer in school, Pincus says teamwork, not talent, helped his school reach the state quarterfinals – a lesson he has carried with him to the boardroom …
Posted in Internet Marketing, Startups | Tagged business development, collaboration, management, mark pincus, Startups, teamwork, zynga
