Introduction

In the world of business, the only constant is change. For startup companies, it is imperative that they understand this golden rule as quickly as possible and have the will to adapt to changes whenever they occur. Unless they are willing to adapt, they will quickly become irrelevant to customers as well as to potential investors. Investors are willing to be a part of businesses that have a long term potential and can inject handsome amounts if they feel that it is the case.

Why you should take this lecture?

The lecture tells a lot about the challenges a startup faces and how they can be overcome. It also sheds light on how to work to achieve success in the longer run as an entrepreneur. You will also get a chance to see the thought process of the investors and how you can entice them to invest in your idea.

Who will benefit from this lecture?

Young entrepreneurs that are at the start of their career will benefit from this lecture the most as they will get some crucial tips on how to go about doing their business in a successful manner. Entrepreneurs in general too will find it useful as they can make use of the fresher approach.

Table of Contents

- Adapting to changes as a startup.
- Understanding the thought process of the venture capitalists.
- Knowing about the potential investments made by the venture capitalists.

Author Bio

Steve Jurvetson is currently the managing director at Draper Fisher Jurvetson. He was a founding investor at Interwoven, Kana and Hotmail. He has been previously associated with Hewlett Packard, Next Software and Apple in mostly technical and research roles. He is the co-chairperson of NanoBusiness Alliance and also holds a chair at Merrill Lynch and STVP Advisory Board. Steve holds an MBA from Stanford Business School.