Do More Faster

Do More Faster : TechStars Lessons to Accelerate Your Startup

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Practical advice from some of today's top early stage investorsand entrepreneurs TechStars is a mentorship-driven startup accelerator withoperations in three U.S. cities. Once a year in each city, it fundsabout ten Internet startups with a small amount of capital andsurrounds them with around fifty top Internet entrepreneurs andinvestors. Historically, about seventy-five percent of thecompanies that go through TechStars raise a meaningful amount ofangel or venture capital. Do More Faster: TechStars Lessons toAccelerate Your Startup is a collection of advice that comesfrom individuals who have passed through, or are part of, thisproven program. Each vignette is an exploration of informationoften heard during the TechStars program and provides practicalinsights into early stage entrepreneurship.
* Contains seven sections, each focusing on a major theme withinthe TechStars program, including idea and vision, fundraising,legal and structure, and work/life balance * Created by two highly regarded experts in the world of earlystage investing * Essays in each section come from the experienced author team aswell as TechStar mentors, entrepreneurs, and founders ofcompaniesWhile you'll ultimately have to make your own decisions aboutwhat's right for your business, Do More Faster: TechStarsLessons to Accelerate Your Startup can get your entrepreneurialendeavor headed in the right direction.
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Product details

  • Hardback | 352 pages
  • 153 x 234 x 32mm | 556g
  • John Wiley & Sons Ltd
  • Chichester, United Kingdom
  • English
  • 1. Auflage
  • 0470929839
  • 9780470929834
  • 256,039

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It is a cold, hard fact of business life that most startups fail. Even many of those entrepreneurs who ultimately succeed have stories of personal challenges, unsuccessful companies, and difficulties along the way. The founders of TechStars, a mentorship-driven startup accelerator, have worked with entrepreneurs and companies over the past twenty-five years, and have seen a number of the same issues come up again and again. In Do More Faster, the founders of TechStars identify the key issues that first-time entrepreneurs encounter, and offer proven advice from successful entrepreneurs who have worked with the TechStars program. The authors organize the most critical issues into seven themes: Idea and Vision, People, Execution, Product, Fundraising, Legal and Structure, and Work and Life Balance. Many of the examples are personal experiences from the entrepreneurs themselves, integrated into a cohesive narrative--while at the same time able to stand on their own. Throughout the book, they debunk numerous myths about startups and reveal some surprising truths. They explain, for instance, that the core of a startup is not always a world-changing and earth-shattering idea--in fact, it is often the case that successful startups started out doing something else. They also underscore the efficiency of execution: great entrepreneurs know how to synthesize data, make a decision about the path they are going down, and execute. And they offer some alternatives to traditional ways of raising money, while stressing that you shouldn't start with the assumption that you need to raise money. Mastering the seven themes may not ensure success, but understanding the issues, reading the stories, and getting advice pertaining to these issues will increase your chances dramatically. And if nothing else, you'll realize that you aren't alone in facing these challenges.
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Back cover copy

Praise for Do More Faster "Remember when experience mattered? Thanks to this book, no matter how new to your field or how young or inexperienced you are, you can learn from people who have actually done it. Sure beats failing." --Seth Godin, author of Linchpin "When it comes to pragmatic advice--as well as examples highlighting real-world results--Do More Faster is a full-course meal. Brad and David have done a masterful job of simplifying into bite-sized chunks the ingredients that every entrepreneur should consider in channeling their enthusiasm into a real-world approach to building a sustainable business. TechStars has set the standard and shared the formula--now you have to execute." --Dan'l Lewin, Corporate Vice President, Strategic and Emerging Business Development, Microsoft "If you have an idea and a dream, read Do More Faster! It offers a unique opportunity to hear first- hand what to do (and what not to do) to build and scale your business." --Josh Kopelman, Managing Partner, First Round Capital "Having recently launched my fourth startup, I can say without reservation that what Brad and David are doing to promote entrepreneurialism is accelerating the pace of innovation. Additionally, the ideas and examples they reveal in Do More Faster are tangible and valuable lessons for anyone thinking about starting a new business. Their passion, vision, and commitment to the startup community, both through TechStars and their personal mentorship, are unmatched." --Pete Sheinbaum, founder and CEO, The Mandelbrot Project, Inc., and former CEO, DailyCandy, Inc. "One thing is sure in the tech world: that history repeats itself. The lessons in founding companies are always the same, yet these are rarely passed down from one generation of entrepreneur to the next. Brad and David have done a brilliant job of crystallizing the most important lessons and bringing them to life in the words of the entrepreneurs. Every startup founder should read this book!" --Vivek Wadhwa, columnist, Bloomberg Businessweek, and contributor, TechCrunch "Do More Faster is a locked-room all-nighter with David Cohen, Brad Feld, and the impressive mentors to TechStars; it is candid, smart, and spot-on. This is some of the very best advice entrepreneurs can get anywhere. Buy it already." --Paul Kedrosky, Angel Investor and Senior Fellow, Kauffman Foundation
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Table of contents

Foreword. Preface. About TechStars. Theme 1: Idea and Vision. Trust Me, Your Idea IsWorthless. StartWith Your Passion. Look for the Pain. Get Feedback Early. Usage Is Like Oxygen for Ideas. Forget the Kitchen Sink. Find That One Thing They Love. Don't Plan. Prototype! You Never Need Another Original Idea. Get It Out There. Avoid Tunnel Vision. Focus. Iterate Again. Fail Fast. Pull the PlugWhen You KnowIt's Time. Theme 2: People. Don't Go It Alone. Avoid Co-Founder Conflict. Hire People Better than You. If You Can Quit, You Should. Build a Balanced Team. Startups Seek Friends. Engage Great Mentors. Define Your Culture. Two Strikes and You Are Out. Karma Matters. Be Open to Randomness. Theme 3: Execution. Do More Faster. Assume that You'reWrong. Make Decisions Quickly. It's Just Data. Use Your Head, then Trust Your Gut. Progress Equals Validated Learning. The Plural of Anecdote Is Not Data. Don't Suck at E-Mail. UseWhat's Free. Be Tiny Until You Shouldn't Be. Don't Celebrate theWrong Things. Be Specific. Learn from Your Failures. Quality over Quantity. Have a Bias Toward Action. Do or Do Not, There Is No Try. Theme 4: Product. Don' t Wait Until You Are Proud of Your Product. Find Your Whitespace. Focus on What Matters. Obsess over Metrics. Avoid Distractions. Know Your Customer. Beware the Big Companies. Throw Things Away. Pivot. Theme 5: Fundraising. You Don t Have to Raise Money. There's More than OneWay to Raise Money. Don't Forget about Bootstrapping. Beware of Angel InvestorsWho Aren't. Seed Investors Care about Three Things. Practice Like You Play. If YouWant Money, Ask for Advice. Show, Don't Tell. Turn the Knife after You Stick It in. Don t Overoptimize on Valuations. Get Help with Your Term Sheet. Focus on the First One-Third. Theme 6: Legal and Structure. Form the Company Early. Choose the Right Company Structure. Default to Delaware. Lawyers Don't Have to Be Expensive. Vesting Is Good for You. Your Brother-in-Law Is Probably Not the Right CorporateLawyer. To 83(b) or Not to 83(b), There Is No Question. Theme 7: Work Life Balance. DiscoverWork Life Balance. Practice Your Passion. Follow Your Heart. TurnWork into Play. Get Out from behind Your Computer. Stay Healthy. Get Away from It All. The Evolution of TechStars. What Motivated Me to Start TechStars? Why TechStars Started in Boulder. How TechStars Came to Boston. How TechStars Came to Seattle. So YouWant to Start TechStars in Your City? Appendix: The TechStars Companies. About the Authors. Acknowledgments. Index.
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About Brad Feld

David Cohen is the founder and CEO of TechStars. He previously founded and successfully exited several companies and is now an angel investor in over 100 Internet startups. BRAD FELD is a managing director of Foundry Group, an early stage venture capital firm. He has been an early stage investor and entrepreneur for over twenty-five years.
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3,971 ratings
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4 30% (1,211)
3 21% (838)
2 6% (253)
1 3% (109)
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