December 23rd, 2011
Simon
I had a strange experience the other day. I was talking to a CEO that I have mentored on and off over the last 3 years. I, along with others, have provide him with a range of advice and guidance on how he can potentially grow his business. This advice and guidance is based on years of experience and if given with all the best intentions, especially since none of us are being paid.
During the discussion he turned around and started blaming me and the others for the poor performance of his business. While I have never claimed to have all the answers, i was a little taken aback. Was all the information we have provided him wrong or was something else at play?
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December 12th, 2011
Simon
I invest in around 12 different companies and at any point in time one of them seems to be raising money. When a company raises money they are either in a position of running out of cash and need a new injection to survive, they are on a rapid growth path and need new cash to accelerate growth or in some instances they need capital to fund an acquisition (and thus accelerate growth).
Capital raising is always a fun process. You need to get the balance between valuing the company as high as possible to avoid too much dilution while at the time providing the new investors with upside. However the balance of power is often driven by your current cash position and just how desperate you are to raise money.
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It seems yesterday’s post had a few technical problems (well human technical problems) and the core part of the article didnt actually make it to posting. So I thought i would repost the article again.
Recently we closed down some of our businesses. These closures were pure because the business model and products that we were working on were just not working. That is life. Things work and things don’t. However, what was interesting for me was that one of the blogs picked up that we had closed some of our businesses and many of the comments were negative and critical of us failing. It was then that I remember the Thomas Edison quote of “I failed my way to success”.
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Recently we closed down some of our businesses. These closures were pure because the business model and products that we were working on were just not working. That is life. Things work and things don’t. However, what was interesting for me was that one of the blogs picked up that we had closed some of our businesses and many of the comments were negative and critical of us failing. It was then that I remember the Thomas Edison quote of “I failed my way to success”.
Read more…
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