A summary of things you should know about Venture Capital according to Elaine Leong: Introduction In this episode Elaine Leong takes a deep dive into her and Kaiwen Leongs’ book,Read More
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]]>In this episode Elaine Leong takes a deep dive into her and Kaiwen Leongs’ book, Venture Capital where she teaches you how to raise funds for your business startup.
In her book, Leong shows you how to avoid the mistakes most businesses make and shares some secret tips and tricks to taking your business to the top when it comes to funding. The goal of the book is to bring you into the mind of successful venture capitalists to shape your experience in growing your business.
This book is perfect for entrepreneurs trying to raise venture capital funds and need real-life financing advice from experienced venture capitalists and angel investors.
Kaiwen Leong and his colleague Wenyou Tan have the experience in helping others and the information is given in a way that is really for the absolute beginner.
If they are new to this I think they should read it from front to back. But if they have some experience I think they can jump in and out based on the chapters that they feel are most relevant to them.
If I had to choose one principle I would choose one from one of the case studies that we gave. This principle basically teaches you that you can get anything you want if you are creative enough about it and put enough effort into it.
Each chapter in this book is broken up into three parts. The first part is the appetizer which is just a brief overview about what the chapter is about.
The second part is the main course which is the meat of the chapter and gives advice on the topic that we listed in the brief overview.
The third part is the dessert portion and this is personal stories that we’ve come across and these tell specific lessons that are tied to the specific chapter itself. We find that people enjoy the dessert section the most simply because experience is one of the things you can’t buy. Apart from that we have a section called silverware which is geared towards those who are not so familiar with financial and entrepreneur terms. Some people only tell the success stories but we believe that it is equally important to inform the reader on what not to do because avoiding the mistakes is almost as important as doing the right thing.
In each chapter we have categorizations of different entrepreneurs. The first one is about the topnotch people who actually make it to the top.
The second category is the in-betweeners who are just average entrepreneurs. And the third category is the no hope entrepreneurs and these are entrepreneurs who do terribly.
We tried to structure the book in a way that is intuitive to a beginner. So we start off with what you need to get to the top. After this brief introduction to Venture Capital we launch into the tools that you need which includes how to give the elevator speech and how to write a business plan.
We hope that Venture Capital will really help beginner entrepreneurs understand the whole VC landscape better.
“Think creatively and put in a lot of effort and you will get something out of it.” – Elaine Leong
I graduated from Princeton last year. I have some experience in investments, division, and now also in some multinational banks. I have written a lot and also co-authored six different books so far.
Kaiwen and I’s first book was Singapore’s Lost Son and that was a biography about his life, how he made it from a drop-out to a millionaire Princeton PhD holder. Kaiwen was a social entrepreneur and created social enterprises to help the underprivileged but also make it sustainable. Before he chose which underprivileged group to help he did some extensive research and found out that the people who need the most help may not be the people who first come to mind. People who do need help and are not receiving it were actually ex-convicts. And what he found was that these people were making a lot before through illegal means and they were also used to being in a position of authority. He decided to train these people and teach them how to be entrepreneurs and help channel their energy to be productive. When the success stories from this project hit the newspapers people started approaching him and expressed interest which is how the book started.
Singapore’s Lost Son by Kaiwen Leong
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Related books: Zero To One by Peter Thiel and Blake Masters | Show Me The Money by Alan Barrell | The Responsible Entrepreneur by Carol Sanford
Relevant advice and tips: Top Financial Mistakes Entrepreneurs Make When Creating a New Business
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]]>A summary of things you should know about The Responsible Entreprenur according to Carol Sanford Introduction In this episode Carol Sanford shares her insights on a special breed of entrepreneurs.Read More
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]]>In this episode Carol Sanford shares her insights on a special breed of entrepreneurs. In her book, The Responsible Entrepreneur, Sanford gives you the framework to make a difference in the way your business affects the world and maps the journey through 4 archetypes: Realizing Entrepreneurs, Reconnection Entrepreneurs, Reciprocity Entrepreneurs, and Regenerative Entrepreneurs. The Responsible Entrepreneur is the perfect book for entrepreneurs looking to pursue world-changing results or significantly impact investors.
This book is really about stepping up to how you put a dent in the universe and do it in a way that you have phenomenal business. How you take the traditional entrepreneur energy, the social mission and you make it possible to make these quantum changes in industries, social systems, belief systems and even how we govern.
I do something called making promises beyond ableness. That is what you might say the summary of this book is about. Making promises beyond ableness means you have to grow and learn but you promise to do something that might not happen if you don’t do it. All of the ten stories I tell in this book show you how that is possible in every person alive.
It’s broken up primarily in three sections, the first one I talk about 3 icons and tell you short stories about their successes. The second part is two chapters for each of the four archetypes. One is the four pillars that I use as the themes in my research and my practice, these are all stories I have been involved with for years. It shows first the pillars and then goes through the details of two entrepreneur’s lives of how they lived it out and exactly what they did. The third section I took one business and showed how it played out all four archetypes because the archetypes aren’t you, you don’t become an archetype, you use it. The second archetype that I renamed is the realization archetype. This archetype is about reality and how it is that you become much more grounded in reality and you figure out how to fight what’s worth fighting for. The third archetype I call the reciprocity entrepreneur. In this section of the book I share stories about Oprah. Oprah has taught us so much about our racism and how we exclude people. It makes us look at the wholeness or lack of wholeness of our beliefs and how those need to be rethought. The final archetype I call the regenerative entrepreneur. The summary of this book is how to use these four archetypes to regenerate a tribe, a nation, a business. The last chapter is putting that all together and showing it how it all works as one.
“Entrepreneurism isn’t for a rare few who are born with it; it is a fire waiting to be lite in all of us.” – Carol Sanford
“If you want to operate from a place of creative freedom you have to take on defining the game itself and changing the rules for everyone.” – Carol Sanford
I have written several book, the most recent is The Responsible Business and the new one we are talking about today is The Responsible Entrepreneur. I used to be a professional improvisational performer and standup comic.
There are two intersections in my own personal life experience. One is the clients, colleagues and students in universities where I teach that I have seen doing things that I knew at the level of entrepreneurship was possible for everyone to do but it always showed up in magazines in a very funny way. The other thing that was an intersection was I was raised closely by my maternal grandfather who is a descendant of the tribe of Mohawk survivors and he passed along the stories to me of how they rebuilt the nation based on four archetypes that he was exposed to. I saw how I could really explain what was going on with my clients and these amazing leaders in a way that entrepreneurs could take on much bigger change and pull more together than they knew was possible.
The Starfish and the Spider by Ori Brafman and Rod Beckstrom
Buy The Responsible Business by Carol Sanford on Amazon today
Buy The Responsible Entrepreneur by Carol Sanford on Amazon today
Visit CarolSanford.com for the free workbook deal and more info on the book
Follow Carol Sanford on Twitter and Facebook
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Listen on iTunes, Stitcher , and SoundCloud
Related books: Overfished Ocean Strategy: Powering Up Innovation for a Resource-Deprived World by Nadya Zhexembayeva | Lifestyle Entrepreneur by Jesse Krieger | Everyday Entrepreneurs by Ken Torn
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