About a week ago, I’ve learned from Innovation Guru, Gijs Van Wulfen, about Compass. This organization develops a ranking of the global startup ecosystems. Looking at this ranking I’ve noticed that Tel Aviv, Israel is the first hub outside of the US on the list (at 5th place). To learn more about this phenomenon, I decided to read the book Start-Up Nation, that explains the reasons behind the country’s success in Start-Ups in particular and technology in general.
A good friend of mine who decided to leave his job and pursue his own business, has asked me to assist him in developing his initial idea into a business. During our conversation, he had many questions and concerns about various aspects of his new business such as:
- Should he write a business plan?
- How and when he should raise his capital?
- How should he choose his team?
- How should he pitch his idea to others? and how many time should he practice before his first pitch?