The very mention of the word fundraising can illicit some powerful emotions among entrepreneurs. It’s frustrating, taxing; a full time job in itself. And those who have gone through the process, know. Fundraising is a complex dance with a distinct, dichotomous tone. On one end, entrepreneurs who have (at minimum) built something customers love and are willing to pay for, and the other hand, investors who are looking for the very companies who fit that profile.
Overall, great news for our fair city with a 25% increase in funds raised in 2013 over the year before. This last year, we saw a record high of over $1 billion raised with 200 launches and 25 successful exits which yielded $1.11 billion.
These figures, among others, indicate LA’s digital startups aren’t simply keeping pace with past years, but exceeding them.
You hear the words connected car and your imagination runs wild. Unmanned vehicles, flying transporters, hyperloop capsules, and automated cars, delivered at the touch of a button. It’s the future. It’s what the Jetsons promised us. But let’s be real we’re a long ways away. Luckily though, we are taking notable steps forward.
Empathy, breath, communication : focus | Making ideas reality : dependency | Innovate user experience: deploy | Move the needle: data | Whole vision: status quo
Seemingly unrelated but they do sound good, don’t they? Something from a motivational panel, discussing Biz Dev strategies or maybe how to launch a lean start up. Rather, these were the words given in response to the opening question to a panel of product managers to “describe their occupation” in 3 words or less, + an additional word on what their biggest challenge was.