Professor at Case Western Reserve University
Scott Shane is the A. Malachi Mixon III professor of entrepreneurial studies at Case Western Reserve University. His books include
Illusions of Entrepreneurship: The Costly Myths That Entrepreneurs, Investors, and Policy Makers Live by (Yale University Press, 2008) and Finding Fertile Ground: Identifying Extraordinary Opportunities for New Businesses (Pearson Prentice Hall, 2005).
Your success, as a company and as an investment, will depend on your ability to get customers to buy i service.
Smartphone apps have become too important a marketing tool for small business owners to do without.
While much of angel investing is the same everywhere, angels outside of Silicon Valley need to do a few things differently to be successful.
Starting a Business
Starting a business still carries risk, but the percentage of companies shutting down has slowed over the past few decades.
One way or another, entrepreneurs always pay to obtain capital.
Since the end of the Internet 1.0 boom in 2001, the time to exit for the average venture-capital-backed company has more than doubled.
Online platforms are a superior choice for less entrepreneurially experienced, less-active investors who are deploying smaller amounts of money.
Because they solve real problems that venture capitalists face in financing companies, accelerators are not simply a fad.
The growing concentration of venture capital investments in Silicon Valley creates a problem for policymakers in other regions.
Make More Happen
Women are making strides in business ownership, but still lag in some important areas.
Whether small business owners think their state government is supportive or hostile depends on who they are, the kind of business they are running, where they are located and their political beliefs.
Early-stage investors gather very little information when making a decision. But that makes perfect sense.
What kind of funding you seek can make all the difference in how much money you raise and how much control you keep.
Equity crowdfunding is hampered by regulations designed to curb stock-market abuse.
The types of investors who put money into reward-based crowdfunders aren't the ones who will buy shares through equity crowdfunding – at least not at first.
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© 2017 Entrepreneur Media, Inc.