OpenIDEO is an open innovation platform. Join our global community to solve big challenges for social good. Sign up, Login or Learn more
I am passionate about:
economic development via entrepreneurial development
A little known fact about me is:
I paid for my schooling playing table tennis
Show my name on the attendees list for events I am attending:
Venture financier. Professor.
I was a venture financier for 23 years (full time) and an adviser for about 10.
Now I teach high-performance entrepreneurship to show entrepreneurs and innovators how to grow without capital.
I also write for Forbes.com (blog) and books.
Ashley: Thanks for your note. To answer your questions: a. it is online and also in-person. I am developing the online component. I have taught the in-person workshop at universities around the world. The online component is being added to make the program available to everyone -- the low-income will be given scholarships. This way I am hoping that all entrepreneurs learn the strategies and get the skills. b. Online it is pre-recorded and will include live classes. This way entrepreneurs can watch it at their leisure and join the live class if they wish. c. My website now is still being developed. You can go to my current web site which is my name, but that is the old one (dileeprao.com) d. Measuring success: This is a very perceptive question. The regular VC approach considers raising money as success. The problem (please see my blog on Forbes.com and my proposal for more -- along with my next book on why billion-dollar entrepreneurs avoid or delay VC -- is that 99.95% of startups don't get VC; 99.9% of all entrepreneurs don't get VC; and 99.98% should avoid VC. So how can the others measure success?
In my book, I measure finance-smart success as the amount of wealth "you" create and keep per dollar of investment "you" make. The emphasis is on "keep." Billion-dollar entrepreneurs who controlled or avoided VC kept significantly more of the wealth they created. So the question is can you create wealth without VC.
The answer is yes outside Silicon Valley -- about 90% of billion-dollar entrepreneurs outside SV avoided VC.
In SV, about 80% of billion-dollar entrepreneurs DELAYED VC.
To know how to to do this, become finance-smart. To know how to be finance-smart, watch my program.
The key is we can give skills to anyone, rich or poor, in high-income areas like SV or anywhere via the Internet.