Tag Archives: startup

What Jurassic World Can Teach You About Being a New Age CEO

We’re all dying to see more dinosaurs on the silver screen, aren’t we? First Jurassic Park, then The Lost World, and Jurassic Park III — and now we have Jurassic World, a seeming disaster of commercial, technological and evolutional proportions just dying to be seen at a movie theater near you, and wouldn’t you know it?

This Is a Great Way to Explain What a “New Age CEO” Is!

Here’s the thing about dinosaurs: they’re savage, bestial, old, “old news,” ‘old hat,’ from a time long, long ago (not in a galaxy far, far away where Skywalker’s learning about personal development), and they’re well behind of the evolutionary chain due to advances in everything from technology to civilization, for obvious reasons.

Although a T-Rex could probably cause some problems in Chicago. Or Miami. Or New York. Or wherever. But that’s not the point.new age CEO t-rex

The Point Is Evolution Takes Precedence

When it comes to the business field, entrepreneurs in our digital age have the advantage over the “dinosaurs” of the corporate primordial ooze, where such “new age CEOs” don’t sit at an office on the 34th floor away from the potential customers, the revenue generators, and have a direct line to that clientele base better than anyone. There are no layers. There’s just one line of communication, and in this rise-of-the-Internet age, that’s crucial.

Corporate culture demands that we stay in line with the change in times. Nowadays we have CEOs who know how to the job of the lower workers (sometimes maybe even better). They’re transparent. Visceral. Efficient. They’re in tune with their workforce, exemplifying a wicked Santa Claus complex of content marketing clear across the world.

How does technology do this? Think of instant messaging, video conferencing, seamless group training, social media, blogging. All of it. We have metrics now. We have an ability to measure the industry, measure competition, and respond appropriately. The “new age CEO” has an advantage here.

The New Age CEO Is Adaptable

This makes sense when we’re thinking about an evolutionary train of thought. After all, a meteor killed those dinosaurs, and for good reason. They weren’t fast enough to “get out of the way.” Their brains were also kind of small. The more ‘advanced’ mammals, though, had an advantage (and a lot fur to protect them from the vicious Ice Age).

It’s the same with the new age CEO. They adapt well to change in the industry. They research the trends. They don’t just sit at their desks reviewing prospects and figures. They research new articles, new discussions, new questions asked to address coming issues in the industry, and they stay on top of all of that, remaining current with their best practices and implementing all of that immediately.

new age CEO airbnbThat keeps the new age CEO one step ahead of the competition.

Oddly enough, because of this monumental global scale of cyberspace hitting home for the corporate stratosphere, it’s actually easy for any new age CEO and a startup to go worldwide almost immediately. Just look at companies like Uber, Airbnb and Lending Club. Back in the day when the Stegosaurus used to have to trudge along for 50 years just to get to a lake, these companies drove their hovercrafts in the future and got clear across the world in 50 minutes.

That’s evolution. It’s now definitely feasible to go global even when there’s no domestic market, yet.

We’re Far From Extinction

You can rest assured that there won’t be any meteor — or some other global killer — coming around anytime soon. We’re ready. The new age CEO is more than ready. The new age CEO is actually prepared.

Why Venture Capital and Private Investments Still Play a Role in Startup Financing

You remember those vinyl records? I do. Man, they represent a time long gone but with nostalgia making us long for the days when listening to music was as much an art form as the music itself. Let’s segue from that, shall we? What about venture capital and private investments? Is there nostalgia with that as much as vinyl? No, probably not.

But Venture Capital and Private Investments for Sure Still Are Effective!

Forget your Beatles record and let’s see if we can get your startup business launched with kickstarter recordeffectiveness, right? Maybe then you can celebrate with some scratchy record playing on the turntable, but until then, this is about getting those startup expenses taken care of; and in particular, with this day and age being all about the Internet, social media and word-of-mouth advertising, you begin to wonder: do the traditional methods still work? Yes, in a way.

Crowdfunding campaigns and other word-of-mouth fundraising opportunities like Kickstarter certainly have been sitting in a spotlight for numerous startup miracles out there; but without a doubt, there’s still a place for venture capital and private investments to help bolster the results and make it that much more long-term. For one thing, as effective as crowdfunding is these days, more often than not startup businesses won’t be able to cover all of their costs without a little help from venture capital and private investments. Granted, crowdfunding can take care of a great portion of it — but not all of it. After all, there are situations like the Steelcase Pyramid over in Gaines Township where you have a load of expenses involved!

That being said, crowdfunding often can be considered a catapult for the longer-term generator that is venture capital and private investments. Others went ahead with some opportunities to seek venture capital and private investments first before even considering crowdfunding, because even the opposite applies in this case as well.

Basic Summary: Incorporate Both Into Your Funding Strategy

One or the other probably won’t cancel each other out; that’s for sure. Just like there will always be someone out there with their vinyl records, remembering the golden ages of music. So why not just use both? Startup costs can be expensive. Ensure you have everything covered.