The Young Entrepreneur

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Please play the audio narrative above for this blog article. Recorded by Michael McAnally on the morning of Nov. 22, 2016.




I'm writing this post early in the morning, in fact a little after 4 am on Thanksgiving day. I'm up worrying about the start-up, about our team, about how we are going to bootstrap this thing that is consuming my entire life?! Maybe I'm not cut out to be a founder? Maybe our team doesn't have the right stuff? Together do we possess that spark of talent, motivation, resources and priorities necessary to ignite our start-up and get it off the ground and moving? Doubt is a small part of the territory of my thoughts, meaning others may hide it, but I can still hear it now in the distant background noise. I realize that I am a thoughtfully introspective individual, and I must push it back, tune it out, move forward anyway, for I need to set a good example for the others.


It's been about three months and we are in stealth mode, so I can't talk much about specifics. We have made progress, there our four of us on the team now and we are answering many of the necessary questions. We are beginning to get some traction with our value proposition, business plan and even technology architecture and prototype refinements are progressing. We have the added difficulty of having to manufacture an IoT hardware component for use in our business model.

Admittedly we are progressing much slower than desired, but considering we are doing this with no fuel but our own sweat equity, not really bad at all. Coaching my self again, I really need to keep prospective and remain positive. The team has finally gelled and we are thinking of adding others! They will bring their own dynamic energy to the mix, both solving and creating new problems.

It has not been easy or effortless. Anyone who thinks that putting the word founder or co-founder after their name just to sound cool, should really think again! Sure it's exciting to be creating something really new and different, but very hard as well. At this time If I were to offer advice on whether to build a new start-up . . . I would have to encourage you only if you have the necessary fortitude and determination, and dissuade you if you do not.

Well that's all for now, as a "young entrepreneurial upstart", I do need to get some sleep now! As help and a very good luck gift-wish to you for reading my blog, I have include some helpful essential links for your founders journey.



Startup Essentials:

a video about Why?
the lean start-up
Business Model Canvas
Mind Map
MVP
Value Proposition Canvas Explained
how to hold a facilitated meeting
how to discuss equity in a newly formed startup
you may need to model new or existing business processes or use cases, UML is the tool for this
Personas, a valuable tool as well
The Dark Side of Startups: 5 Corrosive Co-Founder Conflicts
Startup Dirty Laundry: Conflicts That Kill Partnerships
IDEAS - Ideation - Market Scanning
Resources for Creating a Marketing Plan: Environmental Scan
How to do a market analysis for a business plan

Local Entrepreneurship



I was interested in learning how to sew, something my mother never taught me, mostly because that wasn't something boys learned back then. My father taught me how to take apart a car engine, and put it back together again, but I never learned how to sew.

So when I met Kyle Ng, you can understand why I was fascinated by his work, and it lead into this nice segment about Local Entrepreneurship.

Purchasing goods made locally, can really be good for the planet earth, because materials are not being shipped half-way across the world, just to take advantage of cheaper labor. Kyle has designed some innovative products, hand made with quality. You can check it out on his website at OuterShellAdventure.com

The Second Most Famous Garage In Silicon Valley

The Second Most Famous Garage In Silicon Valley

I'm sitting in Cafe Venetia, an Italian cafe in one of the most powerful and influential technological cities in silicon valley, on one of the most upscale streets of Palo Alto California, University Avenue, waiting to meet Ann Bradley, the blogger and writer of “The Silicon Valley Story” for coffee.

Ann, and I are following up to our first encounter over a year ago at a bitcoin meetup, which I randomly walked into. She arrives with a bike helmet and bag, having parked her bike on the sidewalk outside. We exchange pleasantries and she gets settled in at our table, with what looks like a lovely cappuccino. I glance at my phone to notice that I have only 1.5 hours left on a blue zone parking spot for my car. See says parking is free in downtown Palo Alto, but I don't want to get a ticket.

In a very eclectic and thrilling roller coaster ride of topics, our lively conversation waxes back and forth across subjects such as: degrees of Snowden, the CIA and PRISM, Pebble vs.the Apple Watch, What to do?, the Metaverse, Ray Kurzweil chief engineer at Google, exporting Silicon Valley DNA around the world, my indie comic book, and universal consciousness and the plot of the recent science fiction movie Ex Machina.

I'm surprised when many entrepreneurs don't understand Gartner's Hype Cycle!



I would hope that the VCs do!

See example article for 2015: What’s New in Gartner’s Hype Cycle for Emerging Technologies, 2015, then my comments, if you care to.

Listen, I ride the technology waves as much as any other futurist, sci-fi reader/blogger, dreamer and prediction geek, but you have to get real, and "realize" that new technology doesn't live in a bubble, it's constantly being hyped and poked by the media. That's their job. Sometimes they are to blame, sometimes not.

Things are sensationalized, hence "The Peak Of Inflated Expectations", then the depression that follows, "Valley of Disillusionment" when it doesn't seem that technology delivered on its promises, example Google Glass. It wasn't technologies fault, it was our expectations! Something like Glass will be a success, it just hasn't arrived yet. I pick on Google, why? Because simply that one is just too perfect an example.

The Edison Amberola

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