Entrepreneurship
Entrepreneurship Workshop at CEU
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About Convertible Note
This post is for discussion and educational purposes only and is not intended to be as legal advice. Legal advice can only be given by legal professionals. Please get a lawyer before proceeding on Convertible Notes. Also, I’am looking forward to contact you if you have worked with lawyers on Convertible Notes, and you can recommend their services.
So, what is a Convertible Note?
For an early stage company seeking to raise money, there are two main routes. › Continue reading
Pitch yourself, not your idea
Here is an other amazing writing originally published by Chris Dixon on his personal website.
How to pick a co-founder
(This extremely useful article was taken from Venture Hacks. Enjoy.)
Picking a co-founder is your most important decision. It’s more important than your product, market, and investors.
Jobs and Woz
The ideal founding team is two individuals, with a history of working together, of similar age and financial standing, with mutual respect. One is good at building products and the other is good at selling them.
Practical answers from Silicon Valley – part 1
We all know the theories about the main topics we are interested in: patent, funding, angel investors, exit etc. But what we don’t know is how it works in practice. That’s why we have a couple of questions.
I have been lucky enough to negotiate with an experienced hungarian-american enterperneur from Silicon Valley. Yes, right from the middle of our world. I provide you a collected bunch of his answers which were provided me by e-mail and during a lot of personal meetings. Thanks Zoli.
The Budapest Startup Community
When I was in earlyer stages in my project I felt like the Magyars in the Middle Ages of Hungarian History. They just settled in Hungary and had to fight constantly with the neighbours in the region who had already the military power to launch attacks against all its neighbours. And they did.
When you decide to start an innovation intensive business in Hungary you will face with a lot of similar force against your plans: the high-level corruption in politics, the undeveloped startup environment, the common pessimist moral, the so called start-up advisors and so on. Ironically in the other side we are really proud of the hungarian talents doing their great job all over the world, but the other ten million hungarians could produce only a few thing worth mentioning.
Demo’08 Hungary
“Are you a start-up, or what?” – asked me the guy who I was talking to on the coffee break of Demo’08 conference. Later that day I had to realize that this was the first place ever in our country where being a start-up was an advantage.If you were not, you had nothing to do there. Everybody had the same problem what they couldn’t solve: venture capital firms and angel investors don’t take the risk of investing in a company in the early stage (seed investing). This was the reason why they were there. “Do you see the investors or any financer people round here? Because I don’t. They all went home after 30 minutes. That’s our main problem here”. And the guy were right, the inventors were presenting their projects, only for the audience of other inventors. So, the conference truly represented the situation in Center Europe.
Got an idea? Before you do anything
Many of us come up with great ideas for new products but we have absolutely no idea what to do next. It’s a big temptation to start with the development directly to see if it is a working concept or not. But don’t start like this, because there are a lot of more important aspects at this state, you can save your time, money and nerves with. I’m going to give a brief overview of steps that must be taken before start developing.
This is not only a personal blog
Welcome to my blog! The purpose of this site is twofold. Firstly, it is a hungarian startup-to-startup blog and contains my experiences of these exciting years getting an entrepreneur. The second purpose is to be a tech news site in the building automation market.
A couple of days ago I decided to document the episodes of establishing a tech startup in Hungary and bring my ideas into reality. By publishing my experiences I would like to help other ambitious young entrepreneurs how to start their own business. Of course this methods I’m going to describe in the above posts are mostly Hungary-specific, but I hope the core steps could be useful in other countries, too.
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