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Category: Lessons Learned

Three Lessons for Entrepreneurs from Richard Branson at GrowCo

| April 17, 2013 | Comments (0)
Image from telegraph.co.uk.

Sir Richard Branson kicked off GrowCo, Inc Magazine’s three-day business building conference, with a number of important lessons for entrepreneurs around the world. After all, entrepreneurship is about creating and taking risk, which Branson is considerably familiar with. He is Founder and Chairman Virgin Group, a conglomerate with over 400 companies run by innovators who [...]

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March Madness Stirs up Potential Trademark Litigation over “Dunk City”

| April 5, 2013 | Comments (1)
March Madness Stirs up Potential Trademark Litigation over “Dunk City”

March Madness is always an exciting time of year. This year, Florida Gulf Coast University from Fort Myers became the first ever 15-seed to advance to the Sweet 16. Along the way, the team acquired the nickname “Dunk CIty,” referring to their high-flying and fast-paced offense that generates a higher-than-average number of alley-oops and dunks. [...]

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The DOcast: Interviewing People Doing the Unthinkable

| April 1, 2013 | Comments (1)
The DOcast: Interviewing People Doing the Unthinkable

The DOcast is a series of interviews with entrepreneurs across Louisiana. The series is the brainchild of Richard Hanley Jr., the startup food entrepreneur SBN covered earlier in March. Hanley is interested in talking to people doing the unthinkable and finding out their story and how others can learn from them. Just last week, he [...]

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Startups and Employee Stock Options

| March 28, 2013 | Comments (0)
Startups and Employee Stock Options

Startups generally do not have large cash positions nor do they have substantial cash flows from operations, so they look for ways to pay sought after employees, managers, and executives with some type of equity compensation (at least partially) instead of cash compensation. Employee stock options are often used as part of the compensation and [...]

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Launch Pad Kicks Off Skillshare Class Series for Entrepreneurial Community

| March 28, 2013 | Comments (0)
Launch Pad Kicks Off Skillshare Class Series for Entrepreneurial Community

As part of Launch Pad’s five-week programming, they will be offering up Skillshare classes for the entrepreneurial community in New Orleans. The classes are open to all and free to Launch Pad members. Tomorrow, March 29th at noon, Michael Johnstone will be teaching a class called, “Quieting the Noise: The Realities Every Startup Needs to Hear [...]

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What Makes a Successful Entrepreneur?

| March 25, 2013 | Comments (0)
What Makes a Successful Entrepreneur?

Let me first preface that this is just not one thing that determine an entrepreneur’s success.  There are perhaps hundreds of articles that suggest qualities that make up a successful entrepreneur.  I have had the benefit of forming a couple of successful start ups along with negotiating the sale and merger of a few companies.  [...]

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Nawlins Cab’s Digital Dispatch System Takes Over City Streets for the Better

| February 19, 2013 | Comments (3)
Nawlins Cab’s Digital Dispatch System Takes Over City Streets for the Better

Nawlins Cab is the most recent addition to the city streets, opening in early 2013 as the first premium taxi service in New Orleans. The company culture and the emerging technological advancements in place in all the cabs are making bookings easier and keeping drivers safer. Founded by Sheree Kerner, Nawlins Cab has quite the story [...]

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LSU Prepares for Local TEDx Event

| February 14, 2013 | Comments (1)
LSU Prepares for Local TEDx Event

TEDx are independently held TED events, or “ideas worth spreading” events. On March 9th, 2013, Louisiana State University is hosting their own TEDx event, TEDxLSU, with the theme of Evolve. The event is designed to generate new thought by connecting existing resources, people, and ideas at the local level, with the same impact as regular [...]

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Two Lessons from a Failed Kickstarter Project

| January 28, 2013 | Comments (1)
Two Lessons from a Failed Kickstarter Project

It’s every entrepreneur’s dream: come up with a great product idea, make a pledge on Kickstarter, and then raise 3.5 times your goal. Sounds awesome, right? Most of the time, I’m sure it is. But it wasn’t that awesome for Seth Quest when Neil Singh sued over the failure to deliver a $70 iPad mount. [...]

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How Chris Schultz Evaluates an Opportunity

| December 12, 2012 | Comments (0)
How Chris Schultz Evaluates an Opportunity

As we know, Chris Schultz is involved in many ventures in New Orleans and beyond. So how does he know when do say no and pass up an opportunity to work with an individual or company? He uses an opportunity lens. Chris said, “In the same way that VC’s have an investment thesis, we all need a framework to evaluate [...]

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