What Is a Good Success Fee for an Introduction for Startup Investors?

On Quora someone asked: Is the success fees of 3% (of the money raised in that round) for an introduction to investors good for a startup that wants raise its seed investment? Is it ok to accept this deal if one firm promises to introduce investors? This was my response: I live in Southern California.  … Read more

I’m Having Problems Generating Business Ideas. What Is One Good Idea?

The easiest business would be to become a mobile notary, nanny or dog sitter. Construction is lucrative. So is plumbing and painting. Or you can try to make a pet supply store. My friend made two pet stores, had an exit of 7 figures on each. — Originally posted on Quora. Leonard Kim consults startups … Read more

Starting a Tech Startup with No Skills. Which One Do You Learn First?

Someone on Quora asked: If you were starting a technology startup and you have no skills, would you learn sales, design, or programming first? If not those 3 avenues, what would you learn first? Then second? This was my response: When I was 22, I tried to make my own single founder startup. I failed, … Read more

What Would You Advise a First Time Entrepreneur with No Competition?

Someone on Quora asked: I have a business idea. No competition. Tiny start up costs and overheads. Decentralized commission based and social media driven sales strategy. A very strong value proposition and an absolutely incredible mark up. Any advice for a first time entrepreneur? This was my response: Research why you have no competition. It … Read more

I Think Everyone Should Get Rich And Famous: What Did Jim Carrey Mean?

What-Does-Jim-Carrey-Actually-Mean

On Quora someone asked: What did Jim Carrey actually mean when he says “I think everybody should get rich and famous and do everything they ever dreamed of so they can see that it’s not the answer”?     Do you have evidence to justify it? This was my response: Jim Carrey means that everyone … Read more