So You Want to Be an Entrepreneur…Start Kissing Frogs!

I don’t know JLM (Jeff) over making comments and guest post on Fred’s Blog , but he is proving that using Disqus and making smart comments on high profile blogs can getyou a reputation.

Here are some more raw thoughts on being an entrepreneur and raising money…times they have changed just a little.

Big secret: it’s easier to raise $10MM than it is $1MM.

There is more money loose in the world looking for a home (short term funding interruptus excepted) than ever before, the channels of distribution are more efficient, the communication mechanism is more open and the return expectations are more rational. The methodology of “pitching” is better known and more disciplined. There are more folks rooting for you to win.

Hell, they even invented an entire company dedicated to bringing beggars (that would be guys like us who want money) and funding sources together on every street corner in America — STARBUCKS!

I am willing to bet that more deals are getting done at Starbucks than ever got done on the fairways, greens and tee boxes of the old boy network. Even at $4 for a freakin’ latte, it’s cheaper plus no sunburn.

It seems like the big barriers to funding are really inexperience (which is simply a latent birth defect which almost always disappears with the passage of time) and balls (technical finance term).

Get in the game and start kissing frogs. Kiss frogs until your lips are chapped. Then use chapstick. Repeat. Reapply.

The methodology to raise money today is the best it has ever been. I bet half of the damn Internet is dedicated to making marriages between money and users of money. If those liars, cheater, stealers at Stanford Capital can fleece folks for $8B, think what a nice kid from Stanford University can do!

If you’re a young entrepreneur, go get an old guy with gray hair to partner up w/ you to provide “gravitas”. Pretend you know what that means. LOL

BTW, the old guys don’t get much in the way of ownership, they just like being back in the game.