Posts Tagged ‘burn rate’

Helping Entrepreneurs Succeed: Ron Conway and Mike Maples

by Scott Edward Walker on September 6th, 2010

To Our Clients & Friends: Welcome to our weekly series entitled “Helping Entrepreneurs Succeed.”  Each week, we post a short video clip of successful entrepreneurs, investors or business leaders on a variety of topics to help entrepreneurs succeed.

This week, we present legendary angel investor Ron Conway (commonly referred to as the “Godfather of Silicon Valley”) and super angel Mike Maples (managing partner of Floodgate).  In this interesting, three-minute clip (courtesy of Stanford University’s Entrepreneurship Corner), Ron and Mike provide strong, practical advice to startups, including the importance of (i) a low burn rate, (ii) a “lean, mean” team and (iii) a customer development strategy.  I hope you enjoy it.  Many thanks, Scott