enterprise, entrepreneurialism, venture capital, capitalism, industrialism, data science, women
Dan Smith has a proven track record of pioneering, leading and growing entrepreneurial ventures. Most recently, he is one of the founders and serves as President of PrivatePlus Mortgage, an Atlanta-based organization that does business nationally. As a member of the University’s President’s Council, he acts as an ambassador for many university initiatives. He also chairs the Advisory Board for The Launch Pad, a collaboration between the University of Miami, Blackstone Charitable Foundation and The Kauffman Group, which promotes entrepreneurship for students and alumni.
They Might Be Thinking:
How much capital do I need to secure for my startup idea?
When should I start raising money from angel investors?
Do I need a partner right away? How do I choose good business partners?
What should I do if I picked the wrong person to co-found the business?
When should I start working full time on my idea?
Should I do crowd sourcing or create a GoFundMe account?
What is a term sheet?
Do I need to set up an LLC or an S Corporation?
How much runway do I need before I ask other people to join my startup?
Do I have enough experience to make this happen?
Will I need Network Effect to grow my business?
Words That Might Be Encouraging:
Shrink your universe. Focus on the most important things first.
I love your passion. Can you tell your story in less than 30 seconds?
I think your idea has a lot of potential. Do you need to meet any key influencers in your new market?
I would be happy to help you make connections in my network.
I think you have a solid concept; the next step is execution.
Do you need a fresh set of eyes to review your pitch deck?
Make sure you are clear about your vision.
Let's try to get your pitch down to under 30 seconds.
A lot of people are going to say that your idea is stupid. I think you should follow your gut.
Just keep pushing forward if you are clear on your vision.
When will you know if you have product-market fit?
Words That Might Be Discouraging:
You don’t have enough experience to run your own company.
You have a lot of passion for your product, but you don’t have enough experience.
I think you should wait until you have a better prototype.
You should ask for a lot of money to make sure you have enough to cover the next five years.
You should get money as soon as you can.
Being an entrepreneur is risky business. Are you sure you want to go this route?
What does your spouse or partner think about taking all this risk?
See Personalized Encouragement Recommendations for Someone You Care About