Wednesday, June 8, 2011

entrepreneur


entrepreneurIn "Come Together: The Business Wisdom of the Beatles," Courtney, an entrepreneur, and Cassidy, a business writer, focus on the Beatles’ persistence and creativity in achieving their goal. Even after the success of “Please, Please Me,” a number one album in Britain, it took the band another year to hit the U.S. charts. Capitol Records, the American subsidiary of their British label, refused to issue any of their music. Instead of arguing about the album’s merits or giving up on conquering America, the band kept recording new songs and sending them to Capitol. Finally in 1964, after a news report about Beatlemania in Britain, Capitol released “I Want to Hold your Hand," which became the Beatles’ first number one hit in the United States That said.

if he weren't working at Box, Levin said, he'd look at product niches that big companies need filled, which would allow him to build something fast and position it for sale to one of the tech giants. Even if your idea succeeds at first, an entrepreneur faces huge challenges sustaining a company past the initial stage and can spend years slugging it out against competitors and unexpected challenges such as an economic downturn.The venture capitalist on the panel, Glen Solomon of GGV Capital, has had plenty of recent home runs.


Three of his companies at GGV have gone public and a fourth, Pandora, has filed to go public. Like any VC, Solomon said he's looking to invest in companies that have the potential to address huge markets and promise large returns on his investment. Still, he advised the entrepreneurs to keep that motivation of investors in mind when they raise venture capital. With each round they raise, with each new investor they bring on, they face higher and higher expectations. They have to set aside ego and dreams sometimes to make sure they can really deliver on that promise.

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