Silicon Dragon NYC 2014 - Interview
Bernd Schoner, interviewed by Tim Ferguson, Editor, Forbes Asia
Bernd Schoner, interviewed by Tim Ferguson, Editor, Forbes Asia
You cannot really get any better advice on the world of technopreneur than a technology entrepreneur himself who has been there and done that.
LinkMarty Zwilling for the Huffington Post:
In my years of advising startups and occasional investing, I've seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. That's why investors say they invest in people (bet on the jockey, not the horse), rather than the idea. Yet every entrepreneur I meet wants to talk about the idea, and rarely mentions the team.
Thus I was happy to see a new book, The Tech Entrepreneur's Survival Guide, by Bernd Schoner, PhD, and cofounder of ThingMagic, which leans heavily on the people side of the equation.
LinkA spotlight on Tech Entrepreneurship, Venture Capital, Angel Investing and Crowd Finance in the World's Leading Startup Hubs: China, India, Silicon Valley, Russia, Israel
Date: June 25, 2014
Time: 5:00 - 8:00pm
Location: Overseas Press Club/Club Quarters, 40 W. 45th Street, New York, NY
From The Tech Entrepreneur's Survival Guide: How to Bootstrap Your Startup, Lead Through Tough Times, and Cash In for Success by Bernd Schoner, Ph.D. Reprinted by arrangement with McGraw-Hill Education. Copyright © 2014 by Bernd Schoner.
The chances that your startup is generating substantial profits by the time you are trying to sell it are unfortunately slim. Rather, most of us attempt to get significant economic return for ventures that continue to lose money, rely on ongoing investments for operations, struggle to pay the bills, and generally live on the edge of financial viability.
In the absence of stellar financial performance, you are forced to paint a pretty picture, spin a story, and seduce potential acquirers in other ways. You have to come up with credible answers to a set of impossibly difficult questions: Why would anyone spend money on an entity that has been trying to turn a corner for the longest time? Why would anyone buy into the value of a technology nobody is using yet?
LinkWith today’s roller coaster economy, many new graduates are eschewing the corporate ladder in favour of temporary positions or the chance to be their own boss.
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“There are very few times in one’s life or career when unconventional moves are actually feasible. Right after college or grad school is one,” wrote Bernd Schoner, author of The Tech Entrepreneur’s Survival Guide: How to Bootstrap Your Startup, Lead Through Tough Times, and Cash In for Success.
There are a number of reasons why new graduates make great entrepreneurs, according to Schoner. One of the big ones is “the blessing of poverty,” he wrote. “Students and graduates are used to a student lifestyle. [They] typically don’t have a large family to feed, they don’t fly business class, and they don’t pay interest on mortgages.”
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LinkJoin us for breakfast on Thursday, June 19th with guest speaker BERND SCHONER.
Date: June 19, 2014
Time: 8:00 - 10:00am
Location: Microsoft NERD Center, 1 Memorial Drive, Cambridge, MA 02139
Some of the biggest corporations in the world got started during terrible economic times. This guest blog on Thought Catalogue suggests 5 reasons why founding a tech company during bad times is not such a bad idea:
LinkThe Tech Entrepreneur's Survival Guide is now available for shipping on Amazon.com and other retailers.
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