If you're an entrepreneur today looking to start a company, there's a decent chance you've looked at an accelerator program.
The proposition is compelling: funding, access to resources, events, fellowship with other entrepenreurs, and introductions to venture capitalists who can fund your growth.
Talk to startup founders around the world and you'll probably notice a pattern: US-based entrepreneurs, particularly those in Silicon Valley, consider fundraising a lot less of a problem than their counterparts in Europe.
Silicon Valley is the startup world's mecca, and it's no surprise that the world's most prominent VC firms call Sand Hill Road home. But European entrepreneurs looking for capital received some good news last week as Index Ventures announced a new €350m fund with a European focus.
When you think of Silicon Valley, you're probably more likely to think of young entrepreneurs risking it all on ideas that can change the world.
That image of a Silicon Valley driven by young, ambitious individuals is, of course, only partly true. There's plenty of gray hair in Silicon Valley, particularly on Sand Hill Road and in the hallways of some of the Valley's most profitable companies, like Oracle, Cisco and HP.
Are you an entrepreneur? If you're working on a product for a new
business, have built a successful iPhone app, or are trying to raise
money from family and friends to realize a new idea, you might shrug
your shoulders and say, "Yeah, I guess I am."
Jolie O'Dell, a blogger for Mashable, however, has some bad news: she
is "officially taking the word 'entrepreneur' away from you."
Digg is dead. Sure, the company won't be disappearing today,
tomorrow or next week, but to anyone who lived through the first .com
bust, the writing is on the wall: the company's redesign woes and
yesterday's 37% staff reduction don't bode well for its future prospects.
For Digg to survive and thrive once again, it's going to have to beat the kind of odds that few companies do.
You have a great idea for a business, but you don't have the knowledge,
skills and relationships to pull it off yourself. What should you do?
It's a question that is asked time and time again by plenty of
entrepreneurs, many of whom realize that founding a successful business
will require a co-founder. Unfortunately, finding a co-founder can seem
just as tough as getting a business off the ground.
At one point in the no-so-distant past, Digg was one of the hottest
startups on the internet. The Web 2.0 boom was in full swing, and Digg
and its founder Kevin Rose were the poster children for the next
generation of companies that would ride the wave to fame and fortune.
Digg, of course, rose to popularity by providing a platform that
democratized the news. Why rely on editors to determine what's
important and what's not?Let the wisdom of the crowd works its magic.
It was a simple idea, but a powerful one.