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Entrepreneurial leadership and success …
Andrew Weinreich [profile], a serial entrepreneur and pioneer in social networking, an active presence in NYC’s Silicon Alley for 2 decades, and Founder of Andrew’s Roadmaps, a startup boot camp, joins Pavan Bahl, Marc Raco and Rob Sanchez.
Online social networks, humility, and thought leadership
Weinreich discusses his work on the first online social network and creating a defining patent in that field. He touches on speaking with confidence, on ambition and the special sauce of arrogance with humility and creating a defensible market for startups. The worst thing you can do when approaching an investor, network effect vs. expertise and sophistication, and building value that is defensible. Avoiding wasting investors’ time or your own, when he couldn’t raise a dime, asking right questions of investor, the nature of venture sources, developing one’s own mapping of venture sources for a company, the need to be a thought leader, and articulate thought leadership equaling a macro-thesis.
Vision of the future, timing a business start, and who succeeds
A story of push notifications and two operating systems, why it is important to know if someone doesn’t buy into one’s vision of the future, and playing a major role in the shape of a wave. Harnessing vs. influencing a movement, such as social media platforms, and looking at business models first vs. fixing it later, a look at being responsive to economic conditions of the times, and the ways companies are valued in the public sector. Instagram’s new feature and new brand play, wondering about ROI, is there a wrong or right time to start a business, whether there are any unique ideas today, the difference between entrepreneurs who succeed and with ideas, and whether one chooses to be an entrepreneur.
Passion, tech bubble, and get-rich-quick schemes
Common traits amongst successful entrepreneurs and patterns in successful businesses, needing to know how hard it is to do things and a passion, the ability to stay the course in challenging times, and being someone who can craft a story. Passion, humility, and resilience. Are we in a tech bubble? Online education, and what’s interesting to Weinreich. Off the Grid Questions cover O.J. Simpson and a 1-900 number, get-rich-quick schemes, Tony Robbins, why people change their life, using apps for research, and having fun.