Bizcomp.in: What should be expected out of a business plan competition?

Yesterday (March 21, 2009) I attended the final round of Bizcomp.in – organized by SJCE – Science & Technology Entrepreneurs Park (SJCE-STEP). I being an Alumni of Sri Jayachamarajendra College of Engineering (SJCE) look forward to some excuse to visit my alma mater – not that I visit them all the time, it took my 21 years after graduation to spend a good amount of time at my beloved alma mater.  You can see few photos here.
Bizcomp.in Mysore
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Age and the entrepreneur

Most of you who have been thru or read about the late 1990s internet boom would agree upon one thing – most entrepreners were young (below 30).  Marc Andreessen was just 24 years when he co-founded Netscape. He has published his analysis of the relationship between  age and entrepreneurship based on a paper written by  a professor of psychology at University of California Davis named Dean Simonto. The paper is researched across many fields – science, literature, music, chess, film, politics, and military combat.  The research was done in the pre-internet boom period.

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When the VCs say “no”

Yet another good article from Marc Andeerssen about startups. Every entrepreneur goes thru this phase – being rejected by VCs. The article helps you interpret the “no” you hear often!

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Why not to do a startup?

A well written article by Marc Andreessen (co-founder of Netscape) on startups. Few points from the article,

  • Most importantly, realize that a startup puts you on an emotional rollercoaster unlike anything you have ever experienced.
  • In a startup, absolutely nothing happens unless you make it happen.
  • Hiring is a huge pain in the ass.
  • God help you, at some point you’re going to have to hire executives.
  • The hours.
  • There are lots of X factors that can come along and whup you right upside the head, and there’s absolutely nothing you can do about them……More

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