Category: Entrepreneurship

Entrepreneurship

Entrepreneurship

This Golden Era for Entrepreneurs UBC Sauder School of Business

by Basil Peters | October 2, 2014 | no responses

M&A is the Transition from Innovation to Growth

Lecture to the MBA class: Growing and Exiting a Venture at the UBC Sauder School of Business on why I believe this is a 'Golden Era' for entrepreneurs.

Topics include:

  • There has never been a time before when it was so easy for so many entrepreneurs,
  • to create such valuable companies on so little capital,
  • and sell them so early for so much money
  • The biggest change in the 21st century
  • Big...

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Entrepreneurship

Why Big Companies Can’t Innovate

by Basil Peters | February 15, 2014 | 13 Comments

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When I was in grad school I co-founded a company that grew to become the second largest manufacturer of cable television headend equipment in the world. For the ten years after I graduated, I woke up every morning thinking of ways to out-innovate our two major competitors. We were a startup and they were both Fortu...

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Entrepreneurship

What Happened to Venture Capital? UBC Sauder School of Business

by Basil Peters | January 10, 2014 | no responses

What Happened to Venture Capital

This was a lecture to the MBA Entrepreneurial Finance Course at the University of British Columbia Sauder School of Business.

Here's what happened to the Venture Capital industry:

  • Intel, Microsoft and Cisco aren't making money for their shareholders
  • Or, more importantly, for their employees
  • That's part of the reason the best and brightest are now working in startups
  • Big companies have lost their a...

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Early Exits

An Early Exit is Better than a VC Financing

by Basil Peters | October 6, 2013 | 4 Comments

Recently, at an Exit Strategies Workshop in Victoria, someone asked me to compare the pros and cons of an early exit versus a traditional Venture Capital financing. The scenario we used for our example was a successful startup company with a proven business that needed $10 million to $20 million to fund growth. (In this article, I am being precise about the distinction between the business a...

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Entrepreneurship

Exit Strategies Workshop – Vancouver

by Basil Peters | October 11, 2012 | no responses

Exits Workshop Part 1

The first section of this Exit Strategies Workshop describes why this is a "Golden Era for Entrepreneurs."

This was another sold out event organized by the Vancouver Angel Forum.

Highlights of Part 1:

  • The whole world has changed.
  • The big tech companies aren't creating wealth anymore - for their investors or employees.
  • Startups create ALL of the new jobs.
  • What does this...

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Entrepreneurship

Being an Entrepreneur in the 21st Century -Part 1

by Basil Peters | | no responses

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Highlights of Being an Entrepreneur in the 21st Century - Part 1:

  • Everyone living here has enjoyed a very high standard of living.
  • Unfortunately, that's changing. The economy has changed. The whole world is changing.
  • Entire countries are bankrupt and more are certain to follow. Lehman Brothers is gone. GM was bankrupt.
  • Why is this happening? Quite simply - global trade. The world has become a very ...

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Entrepreneurship

Being an Entrepreneur in the 21st Century -Part 2

by Basil Peters | | no responses

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Highlights of Being an Entrepreneur in the 21st Century - Part 2:

  • Uh, Oh. These are our friends and family! And we really need their money.
  • The solution: Fairness, Alignment and Governance. All built into the structure of the company.
  • More good news is that there are lots of angel investors.
  • Angel Co-Investment - groups of angels now often invest $5 to $10 million in a company over several rounds.<...

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Entrepreneurship

Being an Entrepreneur in the 21st Century -Part 3

by Basil Peters | | no responses

Being-an-Entrep-Part3_200X97

Highlights of Being an Entrepreneur in the 21st Century - Part 3:

  • Many big companies have so much cash that it's a problem.
  • Big companies are not the only buyers. There are many more medium and small sized buyers.
  • And an even larger number of successful, wealthy, boomers who have realized they aren't ready to retire.
  • A "weekender" is where entrepreneurs build an entire company in a weekend.
  • ...

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Entrepreneurship

Startups Create ALL the Jobs

by Basil Peters | September 18, 2011 | 7 Comments

Startups_Create_ALL_the_Jobs_Kauffman_Foundation

I was a little sad listening to President Obama talk about his job creation plans last week. Most of us in North America would agree that our highest economic priority is finding ways to create more new jobs. My take on Obama's plans is that he proposes to borrow more, or tax more, to subsidize companies to hire the people who are least employable. He also plans to require companies to "buy American" as long as that won’t increase prices more ...

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