Give First on Smash Notes

Wendy Lea talks about the risks of saying no

Give First

Entrepreneur, investor, and Techstars board member Wendy Lea remembers the beginnings of Techstars, her first encounters with #GiveFirst—and how mentors have changed her life.

Episode notes last updated on May 28, 2019 21:33

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Smash Notes summary for this episode

Who is Wendy Lea?

Wendy Lea started OnTarget, a company that raised $0 venture dollars and sold for $150M in 1999. After that she'd worked with venture-backed startups, made a bunch of venture investments, worked with a remarkable startup, and is now working with Techstars.

What is one thing that a startup mentor could do better?

Ambitious but inexperienced entrepreneurs tend to believe what they are told. As a mentor you should be upbeat and encouraging, but also find a way to break the hash truths. Manage the expectations and ask a lot of questions to the point where the entrepreneurs figure out the answers themselves.

What does Give First mean to you?

Give without expectation of return.