HOTB Software Solutions
HOTB is a highly experienced software development company that provides in-kind angel capital to startup entrepreneurs with a viable technology based business. HOTB helps startups bridge the gap between their friends and family round and their venture capital round by subsidizing expensive technology needs. HOTB specializes in building custom software platforms to provide certainty of execution, experience, credibility, security and compliance. Additionally, HOTB Ventures has been formed for instances of passive investment when software development is not needed.

Manatt
Manatt, Phelps & Phillips, LLP is known for quality, for extraordinary commitment to clients, for integrated, relationship-based services, and for a range of capabilities typically found only in boutique firms. We are progressive and entrepreneurial compared to other major firms, and we are deeply committed to diversity, to public service, to involvement in the communities we serve and to excellence in all we do.

TriNet
Tech companies partner with TriNet Passport to compete for top talent by using our bundled HR products that cover the core services of payroll, fortune 100 benefits, risk and compliance, a scalable HR team all on a cloud platform. TriNet reduces the time businesses spend managing HR and administrative issues while providing enterprise-grade cloud capabilities. This enables entrepreneurs and management to focus on what’s important from raising funds to driving revenue. Join hundreds of executives in high tech who have experienced the TriNet Passport difference, working for companies in hardware, software, SaaS and telecommunications. Contact choy.chew@trinet.com for more information.

Eureka
The Eureka Building is a 3-acre technology campus in Irvine, California designed to help accelerate innovation. Founded in 2014 by Peter Polydor, our goal is to support local entrepreneurship by giving innovative companies and entrepreneurs in Orange County a home that is centrally located and easy to access. Through partnerships we are more than just a home, but are a support network hosting startup events while fostering mentorship relationships with our partners all within one of the most creative spaces in the region.

CrashLabs
CRASHLABS IS A VIBRANT COWORKING AND EVENTS COMMUNITY THAT ENHANCES WORK/LIFE BALANCE FOR THE NEW ECONOMY OF UNTETHERED WORKERS. CRASHLABS OFFERS CREATIVE AND FLEXIBLE SPACES SUCH AS OPEN DESKS, DEDICATED DESKS, PRIVATE OFFICES, AND EVENTS SPACE THAT SERVE EVERYONE FROM THE INDIVIDUAL TO CORPORATIONS.

Real Office Centers
At ROC you’ll find a cohesive and progressive working environment with professional support for entrepreneurs, innovators, and today’s leaders. Beyond merely providing the physical workspace, we contribute to your capital growth by facilitating innovation, inspiration, and collaboration. With professional support services, educational events, and a stimulating environment, ROC is where you and your company will grow. Our open-source work environment and friendly staff complete with private receptionists keep business running smoothly. ROC handles day-to-day operations and facility management so your company can focus on what it does best.

Only Fools Launch Startups for Fame and Fortune

Posted by Jonathan Greechan on 2013-11-12

Learning from someone who has been there, done that, is always huge bonus when starting something new. Having professional insight to the ins and outs of starting up can help aspiring entrepreneurs avoid lethal mistakes, and maybe even get a leg up on the competition.

In this Q&A, Founder Institute mentor, Joe Abraham, shares valuable insights from his experience as a serial entrepreneur. His most prudent piece of advice: don't do it for the fame or fortune.

 

 

1. Why is it so important for experienced founders to mentor new founders?

a. It's a 2-way learning experience: As much as I thought I'd be teaching a startup founder a thing or two, they taught me a ton more. It is truly a mutually beneficial alliance. I share my insights and experience. They share their fresh ideas, passion and creativity.

b. It re-energizes the entrepreneur in you: Any seasoned entrepreneur would agree that at some point along the way, we need our engines re-fired up. Spending time with the next generation of rockstar entrepreneurs refreshes perspective and re-energizes commitment like nothing else. It's my personal recharging station.

c. It's a responsibility: Truth be told, someone bet on me (and you) at some point early in our entrepreneurial journey. They may have done it on a 5 minute phone call or over 5 months of hands-on mentorship. But they had a game changing impact on us. It's our responsibility to do our best to be that person to the next entrepreneur. Nobody can advise an entrepreneur the way another entrepreneur can. We just have to do it.

2. What are the one or two pieces of advice you tell new founders that you wish you knew when you got started?

First, if you're doing it for fame and fortune. Don't do it. Do it to change your little piece of the world. Find 5 other reasons to launch that have nothing to do with personal income or recognition.

Second, don't go it alone. Cofounder(s), advisors and a business coach are mission critical to success. As smart as you think you are, your mind will play tricks on you and get you to make some pretty dopey decisions along the way. Having the right team surrounding you will ensure you get it as close to right as possible.

Third, know your #entrepreneurial DNA. Discover if Builder, Opportunist, Specialist or Innovator DNA drive you - and what to do about it. Learn more here.


3. What is the hardest lesson you had to learn as an entrepreneur?

Humility. I came into entrepreneurship proud, arrogant and somewhat "uncoachable". It took a while, but I was humbled by people and circumstance. I find myself making better decisions today - and much of it comes down to not thinking I walk on water.


4. What is the best piece of entrepreneurial advice you ever received?

"Stay in the helicopter", said an uber-successful entrepreneur I got to build a company with. Anytime I'd want to get involved in the details, he'd remind me that the CEO's job is to set the vision/direction and let really smart people figure out how to make it a reality.

 

Joe Abraham is the Founder and CEO of BOSI Global, and one of the Founder Institute's highest rated mentors. To hear more from Joe, apply to the Founder Institute today.

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Only Fools Launch Startups for Fame and Fortune

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