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	<title>Entrepreneur Being</title>
	<atom:link href="http://stasosphere.com/entrepreneur-being/feed/" rel="self" type="application/rss+xml" />
	<link>http://stasosphere.com/entrepreneur-being</link>
	<description>What can be done without safety net</description>
	<pubDate>Fri, 23 Oct 2009 07:09:07 +0000</pubDate>
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			<item>
		<title>How To Attract Inbound Links If Your Company Doesn&#8217;t Do Sexy Things &#124; SEO Made Easy Series</title>
		<link>http://stasosphere.com/entrepreneur-being/11-how-to-attract-inbound-links-if-your-company-doesnt-do-sexy-things-seo-made-easy-series</link>
		<comments>http://stasosphere.com/entrepreneur-being/11-how-to-attract-inbound-links-if-your-company-doesnt-do-sexy-things-seo-made-easy-series#comments</comments>
		<pubDate>Fri, 23 Oct 2009 06:49:35 +0000</pubDate>
		<dc:creator>stas</dc:creator>
		
		<category><![CDATA[SEO]]></category>

		<category><![CDATA[google]]></category>

		<category><![CDATA[search]]></category>

		<guid isPermaLink="false">http://stasosphere.com/entrepreneur-being/?p=11</guid>
		<description><![CDATA[Since Google still dominates the search engine market, it&#8217;s most important that your website fares well in google SERPs (Search Engine Result Pages). Most people who understand at least a little bit about SEO (Search Engine Optimization) know that one of the biggest factors in how Google ranks sites (and individual pages) is by how [...]]]></description>
			<content:encoded><![CDATA[<p>Since <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">Google</a> still dominates the <a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">search</a> engine market, it&#8217;s most important that your website fares well in <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">google</a> SERPs (<a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">Search</a> Engine Result Pages). Most people who understand at least a little bit about <a href="http://stasosphere.com/entrepreneur-being/tag/seo" class="st_tag internal_tag" rel="tag" title="Posts tagged with SEO">SEO</a> (<a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">Search</a> Engine Optimization) know that one of the biggest factors in how <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">Google</a> ranks sites (and individual pages) is by how many inbound links they get from other sites. Ideally those links should be from sites that are directly relevant to the topic of the destination site and the pages the links come from should have high page rank themselves.</p>
<p>There was a time when one could either buy links from other sites or do link exchanges. None of the two works for you these days. If <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">Google</a> detects that you buy links on other sites, you will get punished and demoted in SERPs, if you do link exchanges, you&#8217;re simply wasting your time since <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">Google</a> has been ignoring those pages.</p>
<p>Most sites that produce useful content have no problems getting links from other sites, because there is always someone out there who&#8217;s interested in what you have to offer. This works especially well if your potential audience is big or even better huge, and ideally those people should be technically inclined so that they know how to link to your site (at least in their blog posts). So if your site is about nutrition, celebrities, politics, and other very popular topics as long as you produce unique and interesting content you will get those highly sought after inbound links.</p>
<p>Now what if your company does something very very technical and non-sexy that hardly anybody in the crowd of those who could link to you cares about? Let&#8217;s say you make light fixtures for commercial buildings or you provide concrete scanning services (these examples are based on industries for companies I consulted for recently). These topics aren&#8217;t not-sexy and I&#8217;d say even boring &#8212; why would anybody ever link to those sites. In that&#8217;s what those companies suffer from. Low page rank and tough time getting the attention of potential customers searching for those companies.</p>
<p>So what do you do? The solutions are relatively simple and don&#8217;t require much technical knowledge.</p>
<p><span id="more-11"></span></p>
<h2>Think Out Of The Box</h2>
<p>While your main product or service is not sexy, you can write about things that are interesting to the general crowd while still staying in the area of your expertise. For example if you&#8217;re in the light fixtures business, you can write about light. Topics could include:</p>
<ul>
<li>What light ruins our vision.</li>
<li>What kind of lighting for home and work is most beneficial.</li>
<li>How to deal with computer screen glare.</li>
<li>How to keep the depression away in the short daylight during long winters using special lamps that generate sun-like light (and feed the body with vitamin D).</li>
</ul>
<p>and the list could go on - in fact you probably know a lot more about topics in your industry that could be of interest to general crowd how is likely to appreciate your content and link to your site.</p>
<p>Based on the talk with the concrete scanning company, we discovered that this company has an expertise in treasure hunting. But they could also probably expand into handyman&#8217;s area giving advice to people looking to make improvements to their houses. And again there is probably a lot more - I know nothing about those industries - but you who knows the industry inside-out will have tons of ideas. Just don&#8217;t lock yourself in a box. Bring all of your employees in and have an open brainstorm on the whiteboard. Get every person to write things and have an editor polish the result. Think of wikipedia, provide useful content that others would want to read for years to come.</p>
<h2>Put Your Manuals Online</h2>
<p>The other idea that most companies haven&#8217;t thought of is putting their manuals and any paper work that could be useful online. Most of these sites have 2-3 pages of content, and another 2-3 pages that have close to zero content (&#8221;contact us&#8221;-like pages). Moreover those pages talk about their company, rather than talking about what a potential client might be looking for. The page titles include the name of their company, or some custom product names, and of course a potential customer can&#8217;t find those pages/sites because they don&#8217;t know those brand names exist and therefore they don&#8217;t <a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">search</a> using those words. Instead they <a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">search</a> using the keywords/phrases that they know about and the sites who want to get those customers need to know what those words are and match the content to them. But this is hard work, which requires advanced <a href="http://stasosphere.com/entrepreneur-being/tag/seo" class="st_tag internal_tag" rel="tag" title="Posts tagged with SEO">SEO</a>/Internet Marketing skills.</p>
<p>A much easier approach is to load your site up with hundreds if not thousands of pages that will naturally cover all possible keywords/phrases potential clients are likely to <a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">search</a> for. And one way to accomplish that easily is by simply looking at what materials you already have. For examples instructions and manuals you give to your clients, any literature you wrote, etc. - if you dig in your coffers - you probably have many things that could safely go online. I trust you practicing common sense and not putting sensitive information online. If you don&#8217;t have the digital versions, scan and OCR those documents (Abbyy&#8217;s FineReader or Nuance&#8217;s<cite></cite><span id="main" style="visibility: visible;"><span id="search" style="visibility: visible;"><cite> </cite></span></span>Omnipage are excellent at doing this kind of work)</p>
<p>The only requirement is that you make those materials into HTML pages. PDFs don&#8217;t work well, since if somebody links to the PDF file you can&#8217;t pass that page rank to the rest of your site. And you&#8217;d lose visitors, since they would simply download the PDF never visiting your site.</p>
<p>You also want to make sure that you don&#8217;t just dump huge documents into one file. Instead you want to split those into multiple files, each talking about just one topic or a sub-topic. Huge documents that talk about many topics in one page don&#8217;t fare well in SERPs.</p>
<h2>Create Inbound Links</h2>
<p>I have mentioned already that you shouldn&#8217;t buy or exchange links - it&#8217;d only cause damage or in the best case will result in a waste of time. But you could get other sites to link to you by giving them unique quality content which includes links to your site. A lot of high-profile bloggers out there are in a constant <a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">search</a> of new high quality material to use in their blogs. Identify such bloggers (using technorati or similar blog ranking sites) in your industry or the topic you want to write about and email them articles that fits their blogging topic/style with links to your site and chances are very high that they will happily publish your materials and even ask for more.</p>
<p>The other approach is creating link bait pages, which typically include some content that&#8217;s very outstanding, but usually outrageous, social-bookmarking worthy. How do you find out what kind of content people like to vote high for - simply by going to social-bookmarking sites (digg.com, reddit.com, stumbleupon.com and alike) and checking what kind of articles are deemed popular and applying the same idea to your content. Granted you want to stay close to the topic of your industry, but as long as you think out of the box you can always find something that&#8217;s social-bookmarking-worthy and on-topic for your site.</p>
<h2>Conclusion</h2>
<p>To conclude, remember that at the end of the day it&#8217;s sites that provide useful information get most of the traffic. So don&#8217;t worry too much about how to appease to <a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">search</a> engines, thinking about which words need to be bold, italic, keyword density, etc., but create content that visitors would get excited about, want to share with others and link to you. <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">Google</a> is trying to match users to the content they <a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">search</a> for and it&#8217;ll constantly refine their algorithms to improve this process. The technical aspects will constantly change. Good quality content will work for your business for many years to come.</p>
<p>That&#8217;s not to say that you won&#8217;t get a lot of benefit from knowing more about technicalities of <a href="http://stasosphere.com/entrepreneur-being/tag/seo" class="st_tag internal_tag" rel="tag" title="Posts tagged with SEO">SEO</a> - it&#8217;s just shouldn&#8217;t be the highest priority. Once you have a lot of useful content on your site, then you could go and learn more about <a href="http://stasosphere.com/entrepreneur-being/tag/seo" class="st_tag internal_tag" rel="tag" title="Posts tagged with SEO">SEO</a> and polish things for an extra squeeze of traffic.</p>
<p>Good luck.</p>
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		<title>How To Make Your Business Come up First In Google Search</title>
		<link>http://stasosphere.com/entrepreneur-being/10-how-to-make-your-business-come-up-first-in-google-search</link>
		<comments>http://stasosphere.com/entrepreneur-being/10-how-to-make-your-business-come-up-first-in-google-search#comments</comments>
		<pubDate>Wed, 02 Sep 2009 05:48:18 +0000</pubDate>
		<dc:creator>stas</dc:creator>
		
		<category><![CDATA[SEO]]></category>

		<category><![CDATA[practice building]]></category>

		<category><![CDATA[search]]></category>

		<guid isPermaLink="false">http://stasosphere.com/entrepreneur-being/?p=10</guid>
		<description><![CDATA[Most people are unaware of this neat feature that Google provides, but have you noticed that when you search for a business, sometimes Google will show a specific business on the map at the very top of the search results?
Let&#8217;s take a concrete example. My company&#8217;s name is StasoSphere, which resides in Vancouver and besides [...]]]></description>
			<content:encoded><![CDATA[<p>Most people are unaware of this neat feature that <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">Google</a> provides, but have you noticed that when you <a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">search</a> for a business, sometimes <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">Google</a> will show a specific business on the map at the very top of the <a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">search</a> results?</p>
<p>Let&#8217;s take a concrete example. My company&#8217;s name is StasoSphere, which resides in Vancouver and besides other things that I do in this life I&#8217;m a Reiki practitioner (which is an energy-based healing modality). Now let&#8217;s <a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">search</a> <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">google</a> for &#8216;Reiki Vancouver&#8217;, which most prospective clients would type in to find a Reiki practitioner in Vancouver.</p>
<p><a href="http://www.google.ca/search?q=reiki+vancouver">http://www.google.ca/search?q=reiki+vancouver</a></p>
<p>And this is what we get:</p>
<p><img class="alignnone" src="http://stasosphere.com/entrepreneur-being/wp-content/uploads/2009/09/1-search-listing.jpg" alt="search-listing" /></p>
<p>My company shows up at the very top of <a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">search</a> results and it includes a map indicating my location, and the information about my business.</p>
<p><strong>Note</strong>: <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">Google</a> will show different results depending on your country, so if you aren&#8217;t using <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">google</a>.ca (Canada) you might get different results.</p>
<p>If you click on my company&#8217;s listing you&#8217;d get a more detailed view:</p>
<p><img class="alignnone" src="http://stasosphere.com/entrepreneur-being/wp-content/uploads/2009/09/2-local-business-center.jpg" alt="google local-business-center" /></p>
<p>OK, so how do you accomplish the same? It&#8217;s very simple and it&#8217;s free.</p>
<p>All you need to do is to add yourself to the <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">Google</a> Local Business Center, by going to:</p>
<p><a href="http://www.google.com/local/add">http://www.google.com/local/add</a></p>
<p>(if you already have an account with <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">google</a>, use it, otherwise create an account for free)</p>
<p>Once logged in, click on &#8220;Add new listing&#8221; and fill out the details about your business, add working hours, photos, videos, payment options, industry and of course a detailed description and contact information to help your prospective clients contact you.</p>
<p><strong>Tip</strong>: If you don&#8217;t want to disclose your exact address, you can use a street intersection to have the location on the map to be more or less correct. e.g.:</p>
<p>Broadway Ave and Commercial Dr</p>
<p>Once you filled out the information it might take a few days for your listing to show up in <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">Google</a> <a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">Search</a> results.</p>
<h2>Dealing with Competition</h2>
<p>As of this writing it seems that my company is the only one that&#8217;s listed with <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">Google</a> Local Business Center. But what if more than one company is listed in the same industry? For example let&#8217;s look at a query: &#8216;Vancouver Acupuncture&#8217;:<br />
<img class="alignnone" src="http://stasosphere.com/entrepreneur-being/wp-content/uploads/2009/09/3-local-business-center-2.jpg" alt="google local-business-center competition" /></p>
<p>There are quite a few companies in that industry that discovered this service and got listed in <a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">search</a> results. As you can see that <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">google</a> now shows a much more condensed view of companies.</p>
<p>So How do you compete for the first listing with other companies? As you can see from the snapshot, it seems to be a combination of the relevant keywords and the number and quality of reviews. Companies with words &#8216;Vancouver&#8217; and &#8216;Acupuncture&#8217; come up higher than those that list only one of the keywords and of course the number of high rating reviews affects the listing as well. Therefore you need to do two things:</p>
<ol>
<li>Smartly choose the title for your listing to match the keywords the prospective clients are likely to <a href="http://stasosphere.com/entrepreneur-being/tag/search" class="st_tag internal_tag" rel="tag" title="Posts tagged with search">search</a> for (typically that would be the name of the city your business is in and the name of the industry you are in)</li>
<li>Contact your clients and ask them to submit high rating reviews of your business (they will have to go your business listing, click on &#8216;Write a Review&#8217;, login into their <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">google</a> account and submit a review).</li>
</ol>
<p><img class="alignnone" src="http://stasosphere.com/entrepreneur-being/wp-content/uploads/2009/09/4-write-a-review.jpg" alt="write-a-review" /></p>
<p>It shouldn&#8217;t take you more than 15 minutes to list your company with <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">Google</a> Local Business Center, so don&#8217;t procrastinate and do it now!</p>
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		<title>Echoes From VanTEC Oct 7 2008</title>
		<link>http://stasosphere.com/entrepreneur-being/8-echoes-from-vantec-oct-7-2008</link>
		<comments>http://stasosphere.com/entrepreneur-being/8-echoes-from-vantec-oct-7-2008#comments</comments>
		<pubDate>Fri, 10 Oct 2008 20:47:43 +0000</pubDate>
		<dc:creator>stas</dc:creator>
		
		<category><![CDATA[Fundraising]]></category>

		<category><![CDATA[entrepreneur]]></category>

		<category><![CDATA[entrepreneur pitch]]></category>

		<category><![CDATA[startup]]></category>

		<category><![CDATA[vantec]]></category>

		<guid isPermaLink="false">http://stasosphere.com/entrepreneur-being/?p=8</guid>
		<description><![CDATA[This month&#8217;s angel investors meeting was dedicated to the high-tech startups (every other month is Life Sciences).
I found two startup companies that stood out, both in the &#8220;do good&#8221; space:
H2O3 Inc
Tim Piwonka-Corle, presented H2O3 Inc, whose product is a portable water disinfection unit that you can see on the right. The process is done using [...]]]></description>
			<content:encoded><![CDATA[<p>This month&#8217;s angel investors meeting was dedicated to the high-tech startups (every other month is Life Sciences).</p>
<p>I found two <a href="http://stasosphere.com/entrepreneur-being/tag/startup" class="st_tag internal_tag" rel="tag" title="Posts tagged with startup">startup</a> companies that stood out, both in the &#8220;do good&#8221; space:</p>
<h2><span style="font-family: Arial;"><strong><a href="http://www.h2o3inc.com/">H2O3 Inc</a></strong></span></h2>
<p><a href="http://stasosphere.com/entrepreneur-being/wp-content/uploads/2008/10/water-cleaner-72dpi.jpg"><img class="alignright size-medium wp-image-9" title="water-cleaner-72dpi" src="http://stasosphere.com/entrepreneur-being/wp-content/uploads/2008/10/water-cleaner-72dpi-300x224.jpg" alt="water-cleaner-72dpi" width="300" height="224" /></a><span style="font-family: Arial;">Tim Piwonka-Corle, presented<strong> </strong></span><span style="font-family: Arial;"><strong><a href="http://www.h2o3inc.com/">H2O3 Inc</a>, </strong>whose product is a portable water disinfection unit that you can see on the right. The process is done using an ozone sterilizer, which uses less </span>than 100 Watts of power (think incandescent light bulb). Each unit is able to produce 20 liters of sterile water in about 15 minutes.</p>
<p><span id="more-8"></span>Now the original purpose of this device was to help the third world countries, where contaminated water sources is the main cause of a high death-rate. And since this unit&#8217;s operation cost is supposedly quite affordable in poor countries it could make a huge difference to people who live in those areas. The upfront cost though might be still pretty high though, but Tim suggested that they will get that cost down as they improve things.</p>
<p>But the interesting thing is that this same device could have a variety of other applications, where a lot of money can be made. And two things that Tim mentioned were military usage and residential pool &amp; spa industry. While the former is quite obvious, the latter has to do with chemicals used to disinfect water in pools. Those chemicals aren&#8217;t very healthy for our bodies, and therefore using Ozone to disinfect water is a much better proposition. And if the price is right, it could get a huge adoption there.</p>
<p>Apparently this is not a new idea, but H2O3 advantage is that they have a patented technology that is much more efficient than most current competitors have.</p>
<p>It&#8217;s an interesting company, since it has a potential to accomplish two goals - do good and also be quite profitable for those involved in it.</p>
<h2><a href="http://www.makegood.com/">MakeGood Technologies Inc.</a></h2>
<p>Rick Goosen said that his company is all about giving things in a new way (giving 2.0 he said on his site). One of the projects that start with is socially responsible yellow pages. Rick identified the need for being able to find companies that are socially responsible, as there is a growing segment of population that boycotts companies that aren&#8217;t socially responsible. Yet it&#8217;s very difficult to find the companies that fit the bill. Rick&#8217;s idea is to develop a process that will certify companies as socially responsible and give budges to those companies, which they can post on their sites and products, and thus attract more customers.</p>
<p>As any new idea, it&#8217;s hard to tell how their idea will work out, so we will just have to wait and see.</p>
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		<title>Echoes From VanTEC July 7 2008</title>
		<link>http://stasosphere.com/entrepreneur-being/7-echoes-from-vantec-july-7-2008</link>
		<comments>http://stasosphere.com/entrepreneur-being/7-echoes-from-vantec-july-7-2008#comments</comments>
		<pubDate>Thu, 10 Jul 2008 04:36:55 +0000</pubDate>
		<dc:creator>stas</dc:creator>
		
		<category><![CDATA[Fundraising]]></category>

		<category><![CDATA[entrepreneur]]></category>

		<category><![CDATA[entrepreneur pitch]]></category>

		<category><![CDATA[startup]]></category>

		<category><![CDATA[vantec]]></category>

		<guid isPermaLink="false">http://stasosphere.com/entrepreneur-being/?p=7</guid>
		<description><![CDATA[Since there is no August meeting for VanTEC, the July&#8217;s meeting had twice the companies presenting. In addition to the usual 5 5-minute snapshots, there were another 10 extra preview presentations. Moreover Mike decided to run the same presentations twice. As I was sponsoring one of the companies, I had to come to both days. [...]]]></description>
			<content:encoded><![CDATA[<p>Since there is no August meeting for <a href="http://stasosphere.com/entrepreneur-being/tag/vantec" class="st_tag internal_tag" rel="tag" title="Posts tagged with vantec">VanTEC</a>, the July&#8217;s meeting had twice the companies presenting. In addition to the usual 5 5-minute snapshots, there were another 10 extra preview presentations. Moreover Mike decided to run the same presentations twice. As I was sponsoring one of the companies, I had to come to both days. The days were very long and quite tiring. Imagine 3.5 hours of non-stop presentations, from 20 companies!</p>
<p>There were a few companies that I found particularly interesting.</p>
<h3><a rel="nofollow" href="http://www.fundfindr.com/">fundfindr.com</a></h3>
<p>This company&#8217;s idea is to help entrepreneurs with fundraising. Startups make a video of their pitch and upload it to fundfindr&#8217;s site. Potential investors can watch those videos and contact the entrepreneurs if they are interested in the idea. The site also provides listing of various investor groups and their contact information, which is a helpful resource.</p>
<p><span id="more-7"></span>I think it will probably be a very useful tool for both investors and startups. Though entrepreneurs should be careful at posting their pitches in public. If your video tells too much, you might be creating an unnecessary competition. No need to be paranoid, but exercising common sense is probably a good idea.</p>
<h3><a rel="nofollow" href="http://www.letsgofordinner.com/">letsgofordinner.com</a></h3>
<p>Apparently millions of restaurants have a problem with not being able to fill in the empty seats and lose money because of that. letsgofordinner is set to solve this problem, by equipping the restaurants with software that will send SMS messages to potential clients offering a 50% discount (restaurants are still very profitable, even at 50% discount - imagine the real cost of the meal). The startups says that people are embarrassed to use coupons and therefore having the payment done via the site removes the awkwardness element.</p>
<h3><a rel="nofollow" href="http://www.peerfx.com/">peerfx.com</a></h3>
<p>I will gladly become their user once they live and running. peerfx brings a solution for an interesting problem - currency exchange spread that banks take is huge. When exchanging big sums of money this becomes pretty expensive. Personally I don&#8217;t use banks to exchange money, but go to smaller shops that specialize in money exchange and get much better rates. e.g. one such shop in Vancouver is <a rel="nofollow" href="http://www.vbce.info">Vancouver Bullion &amp; Currency Exchange</a> and another is <a rel="nofollow" href="http://customhouse.com">Custom House Global Foreign Exchange</a>. You just call them ask for the rate and if you come within a few hours they will reserve it for you. My teller at <a rel="nofollow" href="https://www.vancity.com/">VanCity</a> told me that they now also give custom rates to customers who exchange bigger sums of money. And of course there is <a rel="nofollow" href="http://xe.com/">xe.com</a> that tries to give the best rates, but the problem is that it involves wire transfer and it might take a few days to convert your money.</p>
<p>Back to the peerfx story - banks charge higher rates, because they take the risk of buying foreign currency reserves (and because they can charge more). peerfx solves the problem by letting two people simply swap currencies removing the middle-man and the need to have a cash reserve. Of course peerfx is still the middle-man, but they are going to charge a lot less than banks. This is very exciting and if successful may force banks to reduce their rates (or may be not).</p>
<p>One thing I&#8217;m not sure about is how quickly peerfx could grow, before competitors realize that this is a great idea and provide the same features. I&#8217;d imagine that it shouldn&#8217;t take longer than a couple of weeks for paypal, <a href="http://stasosphere.com/entrepreneur-being/tag/google" class="st_tag internal_tag" rel="tag" title="Posts tagged with google">google</a> cart and alikes to provide such solution. They already have everything in place, including huge user-bases. Florence Leung, the CEO of peerfx.com, tells me that they have a patent on the whole idea. But I&#8217;m not quite sure how defendable that patent would be.</p>
<h3><a href="http://www.wommp.com/">wommp.com</a></h3>
<p>wommp is the “word of mouth marketing project”. Alexandra Skey had an impromptu presentation where she impersonated a typical consumer and a provider, each having a problem of communicating to each other their wants and needs. Users don&#8217;t want to see irrelevant advertisements, marketers in turn would love to figure out how to find the consumers that want their products and services and have everybody happy. The ultimate goal of the project is to implement &#8220;<a rel="nofollow" href="http://www.amazon.com/gp/product/0684856360/102-4045806-7802528?ie=UTF8&amp;tag=theultimatlearna&amp;linkCode=xm2&amp;camp=1789&amp;creativeASIN=0684856360">permission marketing</a>&#8221; as coined by Seth Godin. i.e. they want to attract a lot of users which will specify their needs in a very detailed way, so that marketers could talk directly only to consumers who want their products and services. The idea is interesting, but as they say the devil is in the details. Let&#8217;s see what Alexandra can come up with. Watch Alexandra&#8217;s presentation <a rel="nofollow" href="http://www.fundfindr.com/pitch/28e489b44e954ec0b9bc.html">here.</a> <a rel="nofollow" href="http://www.fundfindr.com/pitch/28e489b44e954ec0b9bc.html"> </a></p>
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		<title>VANTEC - Vancouver Angel Technology Network</title>
		<link>http://stasosphere.com/entrepreneur-being/6-vantec-vancouver-angel-technology-network</link>
		<comments>http://stasosphere.com/entrepreneur-being/6-vantec-vancouver-angel-technology-network#comments</comments>
		<pubDate>Thu, 10 Jul 2008 03:22:51 +0000</pubDate>
		<dc:creator>stas</dc:creator>
		
		<category><![CDATA[Angel Investing]]></category>

		<category><![CDATA[Fundraising]]></category>

		<category><![CDATA[angel investor]]></category>

		<category><![CDATA[early stage]]></category>

		<category><![CDATA[entrepreneur]]></category>

		<category><![CDATA[entrepreneur pitch]]></category>

		<category><![CDATA[startup]]></category>

		<category><![CDATA[vantec]]></category>

		<guid isPermaLink="false">http://stasosphere.com/entrepreneur-being/?p=6</guid>
		<description><![CDATA[Every months a group of investors meets at SFU Time Center in downtown Vancouver, for a 2-3 hour meeting, where early stage startups give their pitch in hope that they will find some interested investors. Some startups just want the cash, most companies ask for cash, plus mentorship, others are just in the conception stage [...]]]></description>
			<content:encoded><![CDATA[<p>Every months a group of investors meets at SFU Time Center in <span style="font-family: Arial;">downtown </span>Vancouver, for a 2-3 hour meeting, where <a href="http://stasosphere.com/entrepreneur-being/tag/early-stage" class="st_tag internal_tag" rel="tag" title="Posts tagged with early stage">early stage</a> startups give their pitch in hope that they will find some interested investors. Some startups just want the cash, most companies ask for cash, plus mentorship, others are just in the conception stage and all they want is mentorship.</p>
<p>Typically there are two segments to each meeting. There are 5-minute pitches, for those who do it for the first time. If the 5-minute pitch went well and people found the presenter prepared, then the next time they are given 15 minutes. They also get time to answer questions &#8212; typically 10 minutes presentation, followed by a 5-minute Q&amp;A session, where startups get &#8220;grilled&#8221; a bit, or should we say get a &#8220;reality-check&#8221;.</p>
<p>Recently one of the meeting organizers, Thealzel Lee, started running prescreen sessions, which allows startups to run their presentation in front of a small expert panel, which give suggestions for improvements and the panel also decides whether the company is ready to do the long pitch, do the short one, or send them home to do their homework.</p>
<p><span id="more-6"></span>There is one more nuance to the selection process. A <a href="http://stasosphere.com/entrepreneur-being/tag/startup" class="st_tag internal_tag" rel="tag" title="Posts tagged with startup">startup</a> that wants to pitch to <a href="http://stasosphere.com/entrepreneur-being/tag/vantec" class="st_tag internal_tag" rel="tag" title="Posts tagged with vantec">VanTEC</a> investors group has to find a sponsor investor who either had already invested in the company or considers to do so. This is a great filter, because if a <a href="http://stasosphere.com/entrepreneur-being/tag/startup" class="st_tag internal_tag" rel="tag" title="Posts tagged with startup">startup</a> can&#8217;t find a single investor themselves, chances are that they will waste other investors&#8217; time.</p>
<p><span style="font-family: Arial;">Meetings are held monthly - usually the first  	Tuesday (but not always) morning of each month between 7:30 and 10:30am. Attendees are charged a nominal $10 to cover the coffee and snacks. Attendance is by invitation  	only, but if you really want to come and look at other companies present (hint, hint for you entrepreneurs) you will be let in. Most of the attendees are active investors, but there are always a few wannabes and handful of MBA students. </span></p>
<p>There are two kinds of meetings: Technology startups and Biotech/Life Sciences startups. The two alternate every month, so investors interested only in one kind of startups don&#8217;t have to attend every month.</p>
<p>You can read more about the <a href="http://www.wutif.ca/angels/">VanTEC group.</a></p>
<p>If you would like to come and pitch to Vancouver Investors you need to contact Thealzel Lee <a href="mailto:tlee@rocketbuilders.com"> tlee@rocketbuilders.com</a> if you are a Biotech/Life Sciences <a href="http://stasosphere.com/entrepreneur-being/tag/startup" class="st_tag internal_tag" rel="tag" title="Posts tagged with startup">startup</a> and Mike Volker <a href="mailto:mike@volker.org">mike@volker.org</a> for all other startups.</p>
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		<title>Introduction. Investing instead of Managing</title>
		<link>http://stasosphere.com/entrepreneur-being/3-introduction-investing-instead-of-managing</link>
		<comments>http://stasosphere.com/entrepreneur-being/3-introduction-investing-instead-of-managing#comments</comments>
		<pubDate>Sun, 06 Jul 2008 01:24:51 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Angel Investing]]></category>

		<category><![CDATA[entrepreneur]]></category>

		<category><![CDATA[management]]></category>

		<category><![CDATA[startup]]></category>

		<guid isPermaLink="false">http://stasosphere.com/entrepreneur-being/?p=3</guid>
		<description><![CDATA[I wear many hats. When I get bored of one hat, I simply take it off and wear a different one. Sometimes I wear no hats at all, and that means I got burned out, which is when I just disconnect from the world and become quiet for some time.
Often I find myself wearing one [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://stason.org/photos/gallery/place/Canada/British%20Columbia/Chilliwack/Mnt.%20Cheam/s-dsc025659.jpg.html"><img class="size-thumbnail wp-image-5" title="t-dsc025659" src="http://stasosphere.com/entrepreneur-being/wp-content/uploads/2008/07/t-dsc025659.jpg" alt="paragliding" width="164" height="164" align="left" /></a>I wear many hats. When I get bored of one hat, I simply take it off and wear a different one. Sometimes I wear no hats at all, and that means I got burned out, which is when I just disconnect from the world and become quiet for some time.</p>
<p>Often I find myself wearing one of the two hats: <a href="http://stasosphere.com/entrepreneur-being/tag/entrepreneur" class="st_tag internal_tag" rel="tag" title="Posts tagged with entrepreneur">entrepreneur</a> hat and investor hat.</p>
<p>I run my own business, but there are too many things I&#8217;m interested in and I can&#8217;t possibly work on too many projects at the same time and actually accomplish anything. I could hire people to work for me, but I don&#8217;t like <a href="http://stasosphere.com/entrepreneur-being/tag/management" class="st_tag internal_tag" rel="tag" title="Posts tagged with management">management</a>. I want to work on exciting projects, not manage people who do those projects. Some of us quit their employers to start their own company, because they hated being a slave to their company and not being able to work on things they really want to. And then they end up having their own company, but because now they need to manage people they don&#8217;t really get to enjoy their own company either. There must be a better way.</p>
<p><span id="more-3"></span>I outsource some of the work to contractors that works out quite well, since I don&#8217;t need to manage those people. The secret is finding an outsourcing company that will do the <a href="http://stasosphere.com/entrepreneur-being/tag/management" class="st_tag internal_tag" rel="tag" title="Posts tagged with management">management</a> for you and just deliver the results.  But that only works for simple tasks that can be explained in a step-by-step spec. Anything that requires &#8220;thinking&#8221; is often not very suitable for outsourcing. I sometimes find independent people in the outsourcing industry, but it&#8217;s quite quite rare.</p>
<p>Some time ago I found a solution to my big dilemma. I now find <a href="http://stasosphere.com/entrepreneur-being/tag/startup" class="st_tag internal_tag" rel="tag" title="Posts tagged with startup">startup</a> companies that want to work on similar projects to mine. I then invest in those companies with cash and mentoring time.  <a href="http://stasosphere.com/entrepreneur-being/tag/startup" class="st_tag internal_tag" rel="tag" title="Posts tagged with startup">Startup</a> companies love getting me on board because typically they don&#8217;t have extra cash to spend and I don&#8217;t charge them anything for my services, but accept stock options in lieu of cash. Because I have so much experience in a variety of industries I often can advise on a wide range of subjects. However I often need to be careful not to get too deep into the low-level details, because this is precisely what I wanted to avoid in first place &#8212; low-level details are very time consuming, and if I go there I can help with the big picture. So I need to remember that others can figure many of those things out without my help.</p>
<p>The kind of investments  I do is called &#8216;<a href="http://en.wikipedia.org/wiki/Angel_investor">angel investments</a>&#8216;. Basically this is the riskiest of the investments because  typically it involves investments in companies  that  have very little or nothing accomplished at the time of the investment. They need money to hire people and buy equipment so that they could build the thing that dream of. As this is the riskiest type of investment, the returns tend to be the highest as well.</p>
<p>However the way I do it, this is the actually the safest kind of investment, because I&#8217;m directly involved with those companies. This is very close to having hired all those companies to work for me. So just like having my own employees if I&#8217;m good at helping the companies, I invest into, do the right choices &#8212; I increase the chances of success. Compare that to stock market investing, where most of it is a pure gambling - you have zero control at whether the company performs better or worse. Moreover often stocks perform badly regardless of how the company performs.</p>
<p>In the course of research I watch many <a href="http://stasosphere.com/entrepreneur-being/tag/startup" class="st_tag internal_tag" rel="tag" title="Posts tagged with startup">startup</a> pitches, talk to other investors and some interesting observations are made. I will try to share those observations in this blog and also talk about interesting events happening when I wear the <a href="http://stasosphere.com/entrepreneur-being/tag/entrepreneur" class="st_tag internal_tag" rel="tag" title="Posts tagged with entrepreneur">entrepreneur</a> hat.</p>
<p>Enjoy.</p>
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