10 Small Business Survival Secrets from Silicon VC John Doerr
Take 4 Minutes to Listen to Tips from Brilliant Venture Capital Veteran
Whether you are in start up mode or just needing to find a way through the recession, you will find John Doerr’s advice invaluable. You don’t have to be a high tech company to benefit from his survival secrets. This brief video was shared at allthingsd.com and comes from Venture Beat’s “How to manage your start-up in the downturn” roundtable discussion.
Doerr started out a top sales guy during Intel’s very early days in the 1970s. He joined Kleiner, Perkins, Caufield, and Byers in1980, and since then, according to Wikipedia, has directed venture capital funding to some of the most successful technology companies in the world including Compaq, Netscape, Symantec, Sun Microsystems, drugstore.com, Amazon.com, Intuit, and Google. He has been and is currently listed on Forbes Magazine’s exclusive “Midas List” and is widely regarded as one of the top technology venture capitalists in the world.
How seriously should you take his advice? Well, his 3rd point will give you a clue:
- Get 18 months or more of CASH in the business, based on very conservative revenue estimates.
Listen carefully to what John has to say and take careful notes:
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No. 11: Make sure your organization is lean operating, flexible and resilient. You have to be prepared for opportunities and threats. Take the Great American Small Business Challenge. You’ll get free business-development software and training and support. The Challenge is a new non-profit organization created to help small companies retool and survive the current economic crisis. Sign up at: http://www.GreatAmericanSmallBusinessChallenge.com