RemixGalaxy.com Joins Our Team!
August 31st, 2008I’m happy to add RemixGalaxy.com to our portfolio. Development has begun, and 1 month from now you can all visit the actual site.
My mission with midVentures is to enable and develop more tech startups.
With that said, does anyone have an idea they were tossing around? Or perhaps you know someone starting a new project? Email us!
As time goes on- I want midVentures to be an entrepreneurial lightning rod for ideas and motivated people.
But for now, I think a stroll around Millennium Park is in order. Enjoy your Labor Day.
Intentionality
August 30th, 2008Entrepreneurship is one of the few career choices where no one can tell you what you are supposed to do. That gives you the freedom to explore new opportunities; but it also forces you to grow up fast- since you are completely responsible for the success of your venture.
I know a lot of leisure-preneurs; people who take up entrepreneurship because it can be a more relaxed and leisurely career choice. I also know many ‘latte-preneurs’ whose entrepreneurial careers center around drinking lattes in quaint coffee shops, discussing mythical ideas.
This blog post is about intentionality- focusing on a goal and executing it- as if the rise or fall of your company and your life depended on your self-discipline. Because it does.
One thing I see as lacking in my college entrepreneurial career is intentionality- the discipline and resolve to act on your conclusions quickly and efficiently. I and my friends would tend to drift along and wait for success to happen to us; as if creating the idea was ambitious enough.
If I were an investor; I would rather invest in a team that displayed conviction in their intentions- even if their idea wasn’t stellar. Self-disciplined people find methods for succeeding; and often recognize that the first method out of the door is not the right one.
In any case; most plans are never executed in any venture- or company, progress breaks down into brainstorming and in-fighting.
So if you are calling yourself an entrepreneur- be intentional about your venture. This is not ‘venture class’, there are no grades; you’re here to execute plans.
Water water everywhere, so let’s all have a drink!
August 24th, 2008Are there too many start-ups in the world? Do we really need another craigslist or facebook knock-off?
Sometimes it is hard to decipher which of the 200 twitter clones are going to survive the year; and which ones were destined to end as a weekend basement project. It is easy to produce a shoddy website clone as you stay up late nights coding away with some friends. And admittedly, there are too many half-hearted clones floating around the internet.
Yes, there are too many start-ups; but there are also not enough start-ups that have planned every stage of their growth. Not enough start-ups anticipate success- contemplating the legal, managerial, technical, and lifestyle demands that running a company will impose on them.
So a better question might be: are there too many start-ups that have not actually considered turning into real businesses? Would you ever quit your job and run your start-up full-time? Do you have a management team, a legal adviser, a possible investor, a friend who can secure bank loans- as your idea turns into a real company?
Optimistically, I would state confidently that there are many opportunities for start-ups that actually understand the rigors of running a business. Spend a day in the office of a tech start-up; and you will get a glimpse into the hectic maelstrom that is a real start-up; and there are not enough people willing to take on the burden of truly starting a new venture.






