article thumbnail

Why P2P Lending Makes Complete Sense for Startups

Strategy Driven

Since the entire process is technologically driven, it ensures transparency and involves low operating costs and market risk. Hence, this funding model is a perfect fit for startup owners and entrepreneurs who are constantly looking for quick access to funds and reasonable interest rates. Summing Up.

article thumbnail

Venture Capitalists Are Looking for Failures

Women on Business

Did you know failure is one of the biggest indicators of future success in an entrepreneur? Let me first state that there are two types of failures, the first are those that do nothing and fail, the second are those that take a risk and end up failing. In other words, they are looking for… failures!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

When “Scratch Your Own Itch” Is Dangerous Advice for Entrepreneurs

Harvard Business Review

It lies behind successful product companies like Apple, Dropbox, and Kickstarter, but it can also lead entrepreneurs predictably to failure. This approach to entrepreneurship increases your market knowledge: as a potential user, you know the problem, how you’re currently trying to solve it, and what dimensions of performance matter.

article thumbnail

Entrepreneurship: A Working Definition

Harvard Business Review

Entrepreneurs often perceive a short window of opportunity. Consequently, entrepreneurs have a sense of urgency that is seldom seen in established companies, where any opportunity is part of a portfolio and resources are more readily available. Financing risk relates to whether external capital will be available on reasonable terms.

article thumbnail

Why Some of the Most Groundbreaking Technologies Are a Bad Fit for the Silicon Valley Funding Model

Harvard Business Review

In the Bay Area, however, small venture capitalists, many of whom were ex-engineers themselves, invested in entrepreneurs. Because there was a relative dearth of industry in Northern California, tech entrepreneurs tended to stick together. Engineers became entrepreneurs and got rich. Engineers became entrepreneurs and got rich.

article thumbnail

Decide, Change: The Two Essential Risks for Ultimate Success

Great Leadership By Dan

I maintain that embracing what I call the "two essential risks" is necessary to achieve your ultimate success in business. Sure, you hope to avoid liability, investment, and market risks as you pursue your entrepreneurial dream, so you take steps to mitigate exposure. This is not a life-or-death situation -- it''s dinner!

article thumbnail

Building a Minimum Viable Product? You're Probably Doing it Wrong

Harvard Business Review

In creating a minimum viable product , entrepreneurs choose between experiments that can validate or invalidate their assumptions about a business model. But most businesses fail because our assumptions about customer demand are wrong — because of market risk. Test market risk first.