dennykmiu

15 ms·

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by dennykmiu 17y ago
Being an entrepreneur is a tough business. My own experience is that it is even tougher if you have no co-Founders. It is really true that it takes two pieces of wood to sustain a fire and perhaps even a third to light the fire. One of my f
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by dennykmiu 17y ago
I enjoyed the article very much and I have the same experience. The reason that my previous startup was successful was the fact that all of my co-Founders had been long-time veterans of their own industry (which they help built in the past
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by dennykmiu 17y ago
A great perspective on a series of great articles by Mark. My own experience is that there is no sure way of knowing when to stick and to kick. The key is not to over-compensate. It is similar to riding a bike. Just because you fell on the
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by dennykmiu 17y ago
Having wasted $65M of VC money and failed spectacularly on my first startup because I managed to execute flawlessly on a flawed business plan, I can completely related to this video. Time is different now. What I have learned from my second
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by dennykmiu 17y ago
My own experience is that entrepreneurship is a character flaw. Entrepreneurship is not something that can be rationalized and easily explained away. Entrepreneurship is a deep desire to create and destroy at the same time. It requires simu
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by dennykmiu 17y ago
Short and sweet article. Bottomline is that entrepreneurs must bootstrap their companies through the R&D phase by forgoing salaries. By recruiting a small number of like-mind co-Founders to fill out the initial team, and convincing each
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Tips for Alternative Funding (by Sean Murphy)(skmurphy.com)
6 points by dennykmiu 17y ago|2 comments
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by dennykmiu 17y ago
When going after VC money, entrepreneurs should understand that while the financial interest of VC’s can be aligned with that of an entrepreneur, they can never be identical. VC's portfolio is much more diverse than ours. Therefore, after w
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by dennykmiu 17y ago
This is a fun article to read. The central question is, "Is this a good time to start a company?" My own experience is that anytime is a good time to start a company because paradoxically, for a struggling entrepreneur, anytime is a bad ti
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Startup Advice from Paris Hilton (by Gene Marks)(bizjournals.com)
1 points by dennykmiu 17y ago|1 comments
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by dennykmiu 17y ago
There are infinite number of ways to fail a startup but in my experience, there is only one way to recover which is similar to getting up after a fall from riding a bike. You must first decide if you want to ride again. In another words, yo
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by dennykmiu 17y ago
Great article. Similar to the author's observation, my own experience is that consumer patterns have changed dramatically in recent years and a new generation of entrepreneurs is now at the best and unique vantage point to visualize what t
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by dennykmiu 17y ago
When it comes to releasing products, the toughest lesson to learn is to "Go Early, Go Ugly." Most first-time entrepreneurs prefer the opposite because their DNA is to avoid rejection. Their primary focus is to seek validation, from their pe
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by dennykmiu 17y ago
I believe we are in total agreement. My experience is that as an entrepreneur, it is tough to get up in the morning if all I want is to make incremental change. But being audacious and being practical are not necessary mutually exclusive
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by dennykmiu 17y ago
Regardless of your political conviction, there are definitely plenty of lessons that entrepreneurs can learn from our Upstart-in-Chief: product Simplicity, operational Agility, customer Intimacy and financial Leverage (SAIL). “It’s the simp
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by dennykmiu 17y ago
While VC’s have become our favorite punching bags, it is important for entrepreneurs to understand that VC’s are “agents” no different than any other agent who gets a cut on the transaction. Whereas we are expected to put in our body-and-so
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[PPT] VCTips Workshop 2009-11-16(slideshare.net)
1 points by dennykmiu 17y ago|1 comments
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by dennykmiu 17y ago
This is a great article, truly enjoy it. In my own experience, I have learned that there are two kinds of decisions in startups. Any CEO who is capable of trusting his/her own instinct tends to make the right life-and-death decision, which
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by dennykmiu 17y ago
A very short and very instructional video, from someone who has been in the trenches. My own experience is that most entrepreneurs do not understand is that building startups is not just about building products and features but about mitiga
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by dennykmiu 17y ago
Very nice article from a first-time entrepreneur. My experience is that most first-time entrepreneurs confuse action with activity, one is a vector and one is a scalar. If we start with a technical solution and then look for a problem, we a
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The Five Phases of Losing a Job (by Paul W. Smith)(lovemytool.com)
1 points by dennykmiu 17y ago|0 comments
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by dennykmiu 17y ago
We were honored to be given a pre-released copy of Nmap 5.0 by the inventor, Fyodor, and wrote a review based on first hand experience. We should all do our part to promote open source tools, each in our own constructive way.
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by dennykmiu 17y ago
We have just posted the first review of Nmap 5.0, enjoy. http://www.lovemytool.com/blog/2009/07/nmap_5.html
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by dennykmiu 17y ago
She is one of my favorite writers, someone who has actually been an entrepreneur, echoing a lot of what I have written recently about struggling entrepreneurs, especially the part about ... "How do you fund an early venture?" The answer is
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by dennykmiu 17y ago
http://www.lovemytool.com/blog/2008/01/bootstrapping.html 2nd part of the long article. Thanks, @bravura.
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by dennykmiu 17y ago
I agree. I have written about my own experience which is for an LLC to elect to file tax as a S-Corp (filing a Form 2553). It is the best of both Worlds.
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by dennykmiu 17y ago
For a bootstrapping entrepreneur, LLC is clearly the way to go. If and when you do receive VC funding (which is difficult if not impossible to do these day), you can do a tax-free transfer from a LLC to a C-Corp. In the meantime, it allow
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by dennykmiu 17y ago
I subscribe to TWIT and Macbreak Weekly. I enjoyed the panel members (which are differently for the two shows, both the regular ones and the occasional). But what I enjoy the most is Laporte himself. I like his style and the effort that
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by dennykmiu 17y ago
@apsurd, I am glad that you said it. This is my motto as well, don't explain, don't complain, true for an immigrant, even more so for any aspiring entrepreneur.
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by dennykmiu 17y ago
@dejb, I was not being condescending and if my comment came across as such, I apologize deeply. I was merely saying that life is short and it is important not to take no for an answer. This is true if you are an immigrant or not. I just

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