Do More Faster

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David Cohen is the founder of Techstars and has successfully started several other companies. Now he invests primarily in internet start-ups. Brad Feld works for the venture capital company Foundry Group and has been active as an investor and entrepreneur for over twenty-five years.

Starting a business is a deeply social endeavor that thrives on collaboration, as navigating the unpredictable and demanding early stages alone can lead to burnout or failure. A strong, skilled team not only shares the workload—such as refining products, attracting customers, and securing funds—but also provides essential motivation during tough times. Hiring individuals who challenge and surpass your abilities is key, as is maintaining small, flexible teams for efficient decision-making. While passion is the cornerstone of entrepreneurial success, it must be paired with a clear understanding of your market and a compelling product to attract investors. Alternative funding options, like angel investors, early customers, or partnerships, can also support your venture. Balancing work with personal life is crucial to avoid burnout and maintain relationships, with creative strategies like combining leisure with work or taking breaks to recharge proving effective. Lastly, addressing foundational legal matters, such as choosing the right corporate structure and implementing vesting for equity distribution, ensures long-term stability and safeguards your business from potential risks.

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