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A prominent Silicon Valley investor says entrepreneurs need to stop copying Mark Zuckerberg and quit talking about ‘breaking things,’ ‘disruption,’ and ‘robots eating the jobs’

“In conversations with entrepreneurs, Maples says that he’s quick to interrupt when a prospective CEO says that they hope to “disrupt” a given industry” writes Zo Bernard for businessinsider.com. But as the industry has grown into the mainstream, it’s time for entrepreneurs, venture capitalists, computer scientists, and engineers to reconsider how they describe tech’s future. Source: businessinsider.com Share This:

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New multimillion fund created to invest in minority entrepreneurs

“Black women are covering a lot of ground as entrepreneurs, according to Blackenterprise.com” writes Sun-times Staff for suntimes.com. Despite great entrepreneurial progress – black women have founded businesses at higher rates than others in recent years – investment lags dismally behind.Richelieu Dennis, founder of SheaMoisture products and current owner of Essence Magazine, recently announced the launch of a $100 million investment fund aimed to pump capital into businesses owned by minorities. In 2018, investment into black women’s businesses represented a mere .02 percent of all venture capitalist dollars. Source: suntimes.com Share…

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A Global View Of Small Business Optimism

“Separate data in the NFIB Small Business Optimism Index found that, while optimism levels fell slightly between May and June, outlook remains strong among U.S. entrepreneurs” reports pymnts.com. Dive into the data of small business performance in our B2B Data Digest below.What’s it like to be a small business owner?. According to Biz2Credit, institutional lenders set a new record for the Index, approving nearly 65 percent of small business loan applications. Source: pymnts.com Share This:

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Research: The Average Age of a Successful Startup Founder Is 45

“In other words, when you look at most successful firms, the average founder age goes up, not down” reports hbr.org. For the people selected by Inc. magazine as the founders of the fastest-growing startups in 2015, the average age at founding was only 29.In general, these finer-grained analyses do not modify the main conclusion: The average age of high-tech founders falls in the early forties.We found that the average age of entrepreneurs at the time they founded their companies is 42. Source: hbr.org Share This:

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Announcing $1.65B in new funds to back entrepreneurs with global ambitions

“And so we backed companies like , and later on companies like , which all became successful global businesses” writes Entrepreneurs That The for indexventures.com. In our hearts we are entrepreneurs ourselves and our journey to create a leading global. When Index held its annual meeting in London back in April, we were all in agreement that it was time to raise new funds.We thought we could jumpstart that scene by supporting entrepreneurs with big dreams and contrarian approaches. Source: indexventures.com Share This:

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These Entrepreneurs Swapped The 9-5 For Their Gourmet Dream

“The reaction made her sure that there was demand for street food versions of the food she was making at home” writes Sanjeeta Bains for huffingtonpost.com. But while vegan street food is currently seemingly at every food market, what prompted Lisa and Andy, a cafe worker, to take the plunge five years ago?. It’s been almost five years since Stubbs lost his job, in which time he has created his own role as one of Birmingham’s best-known street food entrepreneurs.They launched their Americana-style street food business The Vegan Grindhouse in 2014 –…

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Silicon Valley’s ideal entrepreneur is about 20 years too young, research shows 

“Despite these findings, venture capitalists tend to disproportionately invest in younger entrepreneurs” writes Chloe Aiello for cnbc.com. As for the research, Jones says he doesn’t know if it will change Silicon Valley’s biases, but he does hope it encourages older entrepreneurs who may be experiencing doubt because of their ages.Older entrepreneurs have had years to build their business, leadership, and problem-solving skills, as well as to accumulate the social and financial capital needed to get a startup off the ground. Source: cnbc.com Share This:

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Even the most successful entrepreneurs aren’t always completely sure what they’re doing, and that’s a good thing

“More importantly though, she learned that “entrepreneurs aren’t magicians.”” writes Shana Lebowitz for businessinsider.com. But she told me that she didn’t start the company in 2011 because she had answers to people’s questions.They have something intangible and magic that I don’t.’” Eventually, Minshew was able to spend time with those entrepreneurs “behind the scenes.”. As for Minshew, once she got to see some entrepreneurs in the wild, fumbling through their attempts to build companies, she realized, “Absolutely. Source: businessinsider.com Share This:

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