One of the most difficult parts of being an entrepreneur is convincing others to invest in your idea. On Quora, Floodgate Fund founder Mike Maples recently discussed the five elements the venture capital fund seeks out when determining which startups to back.
1. Vision
According to Maples, vision can be a secret that your company has figured out, a unique technology skill, a passion for a particular subject or a new approach to an old solution. However, without vision, he says a startup is “only a small and weak version of a bigger company.”
2. Persistence
Maples says that every single startup repeatedly goes through tough times and may look like a failure several times along its path to success. Maples looks for leaders that he believes are passionate enough about their companies to fight for them when times get hard.
3. Commitment to AWESOME
The best business leaders don’t just want to be successful; they want to be the very best. Maples looks for entrepreneurs who demand that every part of a business, including the people they hire, is the absolute best it can be.
4. Curiosity
The most successful entrepreneurs are not just experts about their products, services or technology. The best CEOs in the world are constantly learning…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
