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Steve tobak invisor consulting
Steve tobak invisor consulting













This article was written on Entrepreneur. They don’t follow the status quo, conventional wisdom or popular fads. They don’t do what everyone else is doing. Most importantly, real entrepreneurs don’t call themselves entrepreneurs. Behind every great entrepreneur is at least one great mentor. Jobs, in turn, advised Google founders Larry Page and Sergey Brin. Former Intel chairman Andy Grove mentored Steve Jobs. That’s fine, but to get somewhere in life, to do great things, you have to have real mentors in the real world. Most people follow all sorts of writers, bloggers and tweeters these days. He just wanted to rate the looks of fellow classmates. Zuckerberg, for example, wasn’t trying to create a company. While some do have grand delusions that they’re destined for greatness – a prophecy that’s often self-fulfilling, interestingly enough – for the most part, they generally don’t have grand visions for their companies. They do listen to some voices, though: the voice of reason and their instincts. They just don’t let their fear stop them from taking risks. They don’t pay attention to those voices in their heads – you know, the ones that haunt you with everything that can go wrong. When they hit on something they think is really cool and exciting, they go all in. They don’t do a little of this and a little of that. They jump in headfirst without a thought about the rocks below. Great entrepreneurs don’t just dip their toes in the water. And because they’re passionate about what they do and focused like a laser beam, the money eventually comes, big-time. They don’t whine about how hard they work for peanuts. They think about their ideas and how to turn them into great products and services. Besides, real entrepreneurs don’t think about themselves. You are not a product, and you can’t change who you are. Probably the most damaging business myth to come along in decades is personal branding. And let’s face it, these unicorns aren’t getting any younger. Venture capital firms can’t go on ad infinitum without some big exits – IPOs and acquisitions that return profits to the limited partners who invest in their $1 billion funds. Steve Tobak is a consultant, writer, and former senior executive with more than 20 years of experience in the technology industry. While still a big number, it represents a five-quarter low and a steep decline from 63 mega-rounds during the same quarter of 2015. This one has been defined by $100 million plus private mega-round deals that have taken the place of IPOs. Meanwhile, every bubble has its own unique characteristics. Whereas the previous mantra was growth at all cost, founders are tightening their belts and cutting their burn rates in an effort to deliver quality growth with a renewed emphasis on profitability. The bubble hasn’t exactly burst, but it’s deflating enough to bring sense and sensibility back to the startup world. They can dampen momentum and hurt morale, not to mention the obvious increase in the cost of capital relative to equity.Įveryone around these parts knows that the pain is far from over. Make no mistake, down rounds are painful events, both emotionally and financially. Some notable unicorns that took big haircuts included Zenefits, Xiaomi, Flipkart, Jawbone and Foursquare. In another sign that the gravy train is over, down events, where valuations decline relative to previous rounds, ballooned to 57 over the past nine months, compared with just 22 during the first three quarters of 2015. Related: What Steve Jobs, Larry Page and Bill Gates All Understood About Business Meanwhile, t he total number of deals has now declined for four straight quarters, according to CB Insights, which tracks that sort of thing. After 12 consecutive quarters of growth, global venture funding fell off a cliff in the fourth quarter of 2015, and has remained essentially flat since. It’s a bit different this time around, but it’s still inevitable: what goes up, must come down.















Steve tobak invisor consulting