Wednesday, April 23, 2014

Do Pass Go: Business Lessons from Monopoly

With my kids now in elementary school, I find myself back playing the same board games I grew up playing. Surprisingly, a lot of the game's strategy can be implemented in the startup world. Here are a few lessons entrepreneurs can learn from the game of Monopoly.

Read the rest of this post in Entrepreneur, which I guest authored this week.

For future posts, please follow me on Twitter at: @georgedeeb.

Seek Strategic Partnerships. But, the Devil is in the Details!

Overall, I am a huge fan of strategic partnerships, if they are structured correctly and both parties are incentivized to see the success of your business. I built both of iExplore and MediaRecall with equity owning strategic partners: National Geographic for iExplore and Getty Images for MediaRecall. This post will: (1) define a strategic partnership; (2) highlight plusses and minuses of relationships like this; and (3) list critical items to consider when contracting these relationships.

Read the rest of this post in Forbes, which I guest authored this week.

For future posts, please follow me on Twitter at: @georgedeeb.

Sunday, April 20, 2014

[EVENT] Red Rocket Office Hours With George Deeb: Tomorrow Monday April 21st 2-5pm.

If anyone has any pressing questions about your business, Red Rocket's George Deeb will be downtown Chicago tomorrow, Monday April 21st from 2-5pm with some time to kill between other meetings.  If interested, George will be holding a last minute office hours session at the food court on the 2nd floor of the Merchandise Mart in Chicago. 

To express your interest in meeting with George, please send an email to us via the contact form on our website.  In such email, summarize your business, size, stage, needs, budgets or other relevant information about yourself, your business and your challenges.  If George can add you to his schedule, he will reply with a good time to meet in the above range.  Based on the volume of leads, George may not be able to meet with all of you, and apologizes ahead of time, if he can't fit you into his schedule.  If you do not hear back from George, assume he was unable to meet with you.

For future posts, please follow Red Rocket on Twitter:  @RedRocketVC.

Thursday, April 17, 2014

5 Pitfalls to Avoid When Joining Someone Else's Startup

Typically, entrepreneurs start their own business. But, from time to time, they will see a unique opportunity to join somebody else’s startup, either as investing CEO or as a new member of the executive team.
Here are five things you need to assess before making the leap

Read the rest of this post in The Next Web, which I guest authored this week.

For future posts, please follow me on Twitter at:  @georgedeeb.

Wednesday, April 16, 2014

Nominations Now Open for Moxie Awards in Chicago-- Vote @Freebie_App, @EnsembleHQ and @GeorgeDeeb

Nominations are now open for the third annual Moxie Awards, celebrating the best entrepreneurs and companies in Chicago's digital startup/tech ecosystem.  Voting is open through through April 30th, after which time the finalists will be announced.  You can vote once a day at this link:

If you are needing inspiration of who to vote for, consider Red Rocket's portfolio company, Freebie, for best consumer startup, Ensemble for best service provider and our own George Deeb for best mentor (assuming you are enjoying the valuable startup lessons shared in Red Rocket's Blog).  Thank you for your votes and shoutouts in social media here.

And, if there are any other startups or entrepreneurs in Chicago who deserve some love here, be sure to call them out in the comments section below.

For future posts, please follow Red Rocket on Twitter at:  @RedRocketVC.