Entrepreneurship in 1 hour
October 15th, 2007 by 
Amish Parashar
Earlier this evening I gave a talk to a group of bright, young, aspiring, entreprenuers - all part of the UCSD business plan competition. I was asked to cover the fundamentals of entrepreneurship in about an hour! Happy to support their impressive efforts, I agreed to take on the most difficult talk I’ve ever given (a two years of a full time MBA isn’t be enough to cover this topic). Here are some of the highlights:
-work with capable partners
-build an excellent, interdisciplinary team
-get started now
-thoroughly analyze your competition
-get started
-be able to talk about your ideas but don’t give away the secret sauce
-be passionate about your technology and the way you’re making meaning in the world
-get going
-cool technology and good business aren’t always related
-know your customers
-make some progress on what you’re proposing
-focus groups, surveys, or online analysis can work wonders
-make use of advisors, mentors, and professionals
Posted in Entrepreneurial, Innovation, Outsourcing, Start-up, Technology, Venture Capital | 
December 9th, 2007 at 5:13 pm
I find the hardest part is getting a good management team together, particularly at the early, prototyping stage where cash is at a premium.
I generally try to get people on board in an advisory capacity and then if they perform and willing to contribute to the business, I offer them to be part of the executive team.