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Explore the Entrepreneurship.org Resource Center to find resources. Designed with entrepreneurs in mind, our resource center allows you to find materials to grow great ideas.
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Some of the very first decisions founders must make early on in their ventures are crucially important to the future of the business. Many of these decisions concern the ubiquitous "people problems" that challenge even experienced entrepreneurs. When should I found? Should I co-found with someone? With whom? How should we split the equity? Bad or ill-informed choices at critical junctures could have significant consequences for startups. In fact, research has suggested that 65 percent of new firm failures were related to problems within the management team.
I spent much of Global Entrepreneurship Week traveling. It’s one of the things I love most about my work at the Kauffman Foundation. And in that travel, I’ve learned that entrepreneurship transcends borders and languages—but it is deeply impacted by culture and policy.
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Can you guess where the follow startups were founded-- GameStop, Woot, Words with Friends, SOFTLAYER? Probably Silicon Valley, right? No. How about Boston? Wrong again. I'll give you a hint: it's the fourth largest media market in the country, home to 18 Fortune 500 companies and boasts two major airports, serving as headquarters for two major airlines. Sounds like a pretty good place to start a company, right? Dallas, and the surrounding area called the "Metroplex", sure thinks so and it wants you to start thinking so as well. On Tuesday, I had the opportunity to catch a glimpse of the emerging startup scene in Dallas. I was pleasantly surprised with what I found here.
Kim Popovits, CEO of Genomic Health Inc., gave the keynote speech at a Life Science Ventures Summit hosted by the Kauffman Foundation. Popovits closed her speech by stressing the importance of having a company that is “healthy” (34:56-40:22).
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