Mark Cuban points out that you only have to be right once.
…it doesnt matter how many times you fail. It doesnt matter how many times you almost get it right. No one is going to know or care about your failures, and either should you. All you have to do is learn from them and those around you because..
All that matters in business is that you get it right once.
via Scoble’s Link Blog
A few months back I profiled Phil Wright of Crownwood Software where he detailed his experiences of creating and running a microISV while employed. Phil is now in the process of creating a new product and company and will be documenting his experiences.
Paul Graham writes that people in their 20’s should be the one’s creating the newest startups. He takes on the stereotypes that younger people don’t have enough experience and explains why it would be better for all businesses, big and small, if 2o year olds were the one’s starting companies.
submitted by Chuck Tuffli
Newsgator has acquired FeedDemon and TopStyle and will bring Nick Bradbury on board with the title of Architect of Client Products. One of the questions I asked Nick when I profiled him was about the possibility of being purchased as had previously happened with HomeSite. His response was,
I would, but it would have to be a helluva offer to get to give up my independence. And I don’t just mean dollars - I mean the position itself would have to be very interesting.
After reading his post it sounds like he got exactly what he wanted. Congratulations Nick!
I know a lot of readers want to go full time with their microISV but you have young kids who play a major factor in the decision to go completely independent. journalism.co.uk has an article that looks at freelancing as a journalist with children and there are many parallels to microISV developers.
The first quote under the ‘Children as Inspiration’ section sums up the goal that many of us have.
“The flexibility is the biggest advantage of being a freelancing mother. It allows me to take my girls to school and pick them up, to be able to take them to doctors when necessary or to see their school play without having to explain or make excuses to a boss,” says Linda Jones, owner of PR company Passionate Media.
Microsoft is licensing technology to startup companies that has been created by Microsoft Research but has yet to be brought to market. Each deal will be negotiated individually and Microsoft will take an equity stake in the startup or work out royalty payments with the company.
Some of the technologies available are:
See more at Microsoft IP Ventures
via SeattlePI.com
Paul Lavalee explains how he built a successful software venture with good old fashioned bootstrapping. He is now an advisor to software companies looking to grow through IPO’s and mergers and acquisitions. Some of his suggestions for funding:
There are many ways to raise money which are outside the now traditional angels and VC channels. Start by looking creatively at savings, friends & family (but understand the implications if you fail), credit cards, home equity loans, bank loans, federal and local government money, SBA…