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EP36: What Actually Works when Raising Money

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Getting it right the first time & setting up for success

(Recorded Live on Clubhouse November 12, 2021) 

We were joined by Lil Roberts, CEO and founder Fintech platform Xendoo, for insights into raising capital for your startup. We learned where to look and what to look for in an investor, preparing to meet with potential investors, plus Lil’s top tips for perfecting your pitch.

Moderators: Colin C. Campbell, Michele Van Tilborg, Rachael Lashbrook, Jeff Sass

Guest: Lil Roberts

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Use AI to Stress-Test Your Next Million Dollar Idea. Share!

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Use AI to Stress-Test Your Next Million Dollar Idea. Share!

https://www.clubhouse.com/i/use-ai-to-stress-test-your-next-million-dollar-idea-share/u9zidhyY

Leadership Under Pressure: How to Scale Through Trust

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A founder can launch a company through personal effort. Scaling it requires something different: the ability to trust other people with meaningful responsibility.

In this episode, entrepreneur and U.S. Army National Guard officer Parker McCumber shares leadership systems that helped him scale an e-commerce business to more than $75 million in lifetime sales.

https://youtu.be/ZW2qi7wUmSE

“People will always lead people. AI will never lead people.”
-Parker McCumber

Delegate Intent, Not Just Tasks

Many founders delegate individual tasks while keeping every important decision for themselves. This reduces their workload temporarily, but it does not create a team that can operate independently.

Parker recommends delegating intent. Team members should understand:

  • What must be accomplished
  • Why the objective matters
  • What limits they must respect
  • Which decisions they can make independently
  • Who owns the final outcome

When people understand the mission, they can adjust when the original plan encounters an obstacle. Parker calls this disciplined initiative.

Create a System for Learning

Delegation becomes less risky when the organization learns from every attempt.

Parker uses a short mission brief at the beginning of the week to define the objective and what winning looks like. At the end of the week, the team conducts an after-action review built around four questions:

  1. What was supposed to happen?
  2. What actually happened?
  3. What should we sustain?
  4. What should we improve?

Everyone checks rank and ego at the door. The purpose is not to assign blame. It is to improve the system.

Replace Reviews With Performance Counseling

Traditional performance reviews often focus on judging past behavior. Performance counseling focuses on building future capability.

A leader identifies what went wrong, provides guidance, and works with the employee to create a better process. Mistakes become learning opportunities that strengthen the individual and the organization.

This approach also gives founders the confidence to let go because the team has a repeatable process for correcting problems.

Use AI Without Outsourcing Leadership

Parker describes AI as a tool for processing information, analyzing content performance, and helping leaders make faster decisions. It can reduce the time required for research and execution.

It cannot build trust, accept responsibility, or lead people.

His suggested model is simple: provide the first 10% through clear input, allow AI to complete much of the middle work, and reserve the final 10% for human judgment, detail, and authenticity.

People will always lead people. The founder who wants to scale must learn how to communicate intent, transfer ownership, coach performance, and trust the team to execute.

Start. Scale. Exit. Repeat. Wins 2026 NYC Big Book Award, Marking Its 41st Global Award

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Some business books explain entrepreneurship. The best ones help entrepreneurs act.

Start. Scale. Exit. Repeat. by Colin C. Campbell has been recognized with a 2026 NYC Big Book Award in the Business: Entrepreneurship & Small Business category. The honor marks the book’s 41st global award and recognition.

That milestone reinforces a simple idea at the heart of the book: entrepreneurship is not a single leap of faith. It is a repeatable process that founders can learn, test, and improve.

A practical playbook for entrepreneurs

Building a company can feel chaotic. There are always more ideas, more decisions, and more risks than one person can manage at once.

Start. Scale. Exit. Repeat. turns that complexity into a practical framework. Drawing on Campbell’s experience starting, scaling, and exiting multiple companies, the book walks entrepreneurs through the full business lifecycle, from finding the right idea to building a company that can grow beyond its founder.

The goal is not to romanticize entrepreneurship. It is to help founders make better decisions, avoid predictable mistakes, and build companies with intention.

That practical focus is why the book continues to resonate with entrepreneurs and business leaders around the world.

Recognition from across the book industry

The NYC Big Book Award is judged by professionals representing different parts of the publishing industry, including publishers, writers, editors, designers, booksellers, librarians, and professional copywriters. According to the award organizers, honorees are selected based on overall excellence.

The 2026 competition received submissions from around the world, with entries from established authors, first-time independent authors, and both small and major publishers.

Receiving recognition in the Business: Entrepreneurship & Small Business category is especially meaningful because that is exactly who the book was written to serve: founders who want a clearer, more disciplined way to build.

Forty-one awards, one mission

Awards are worth celebrating. But the real measure of a business book is whether readers use it.

Every framework in Start. Scale. Exit. Repeat. is designed to move an entrepreneur from insight to action. It helps founders pressure-test ideas, focus on scalable opportunities, build the right team, create systems, and think ahead about the kind of exit they want.

The book’s 41st global award is another validation of that mission.

For the Startup Club community, it is also a shared milestone. The conversations, lessons, and real-world founder stories that shape this community are built around the same belief: entrepreneurship can be learned, and no founder has to figure it all out alone.

View the book’s official 2026 NYC Big Book Award listing.

Steal these 5 “Cheats” to Make Your Nonfiction Book Stand Out

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4,000,000 books will be published in 2027. Just think about that for a second… That’s about half of the people in New York City, the world capital of book publishing. So if you’ve ever thought about writing a book—or you have a half-finished manuscript judging you from your hard drive—you should be asking one big question:

“How will my book stand out?”

As a nonfiction book coach and ghostwriter, that’s the question I’m always focused on with clients. So I studied the top 25 best-selling business books of all time to figure out if they shared any traits that helped them be so successful.

Yes, having a large platform definitely helps sell books, but authors like Robert Kiyosaki (Rich Dad, Poor Dad) and even Simon Sinek (Start With Why) didn’t have massive platforms when their books first came out. So when I crunched the numbers, I found 11 traits that nonfiction authors can turn into their personal “cheat sheet.” Start with these five:

Cheat #1. Storytelling Wins. Every time.

Readers remember stories, not stats or lectures.

Cheat #2. Titles Matter. A Ton.

A clear and memorable title is far better than a “clever” title. The title is your book’s hook. If the hook doesn’t work, the book doesn’t work. And the best titles usually reveal themselves through the process, not at the beginning.

Cheat #3. Challenge Conventional Wisdom.

Two ways you can challenge conventional wisdom: (A) Share a contrarian perspective, or

(B) Reframe an unpopular idea. Even if people disagree with you, you’re still generating buzz.

Cheat #4. Niche Down. Then Niche Up.

Speak to a single target reader but then find the broad appeal angle. Most books try to only niche down or niche up. The tricky part is doing both in tandem.

Cheat #5. Become Quotable.

You need a distinct voice to differentiate yourself. With more nonfiction authors leaning heavily on AI than ever before, distinct voices and perspectives are disappearing…and readers are noticing. Your catchphrases, frameworks, and go-to advice are your “personal IP.” Use it!

If you want to read all 11 with examples, go grab my free resource the Bestsellers Cheat Sheet. Which one of the 5 above is the hardest part for you? Which one do you feel like you have nailed down?

From Idea to Launch: Building a Startup With AI

A great idea is not automatically a great business.

In this episode of The Complete Entrepreneur, Colin Campbell and Michael Gilmore explore how founders can evaluate an idea, manage the fear of launching, and use AI to move from concept to market.

“You’re only limited by your imagination.”
Colin Campbell

Validate Before You Build

Before investing significant time or money, determine whether the idea solves a meaningful problem.

Ask:

  • Is the timing right?
  • Is there a clear target customer?
  • Will people pay for the solution?
  • Can the business scale?
  • What prevents a competitor from copying it?
  • Does the founder have the ability to adapt and execute?

Sharing the idea with experienced founders, potential customers, investors, and qualified advisers can expose weaknesses early. Positive feedback from friends is encouraging, but it is not market validation.

Quantify the Fear

Fear is not always a reason to stop. It can be a signal that important questions remain unanswered.

Michael Gilmore recommends quantifying that fear. Build a cash flow forecast, calculate the worst-case loss, identify funding gaps, and determine which assumptions still need evidence.

Once you turn uncertainty into numbers, you can make a clearer decision about whether the opportunity justifies the risk.

Use AI as a Research Partner

AI can help founders evaluate ideas faster by:

  • Researching competitors and market conditions
  • Testing different business scenarios
  • Drafting business and marketing plans
  • Building financial models
  • Creating prototypes and early products
  • Identifying weaknesses in an argument
  • Challenging assumptions before money is committed

The key is to ask AI to critique the idea, not simply confirm it. Its output still requires verification and human judgment.

Build What AI Cannot Copy

AI has lowered the cost of launching a company, but it has also lowered the barrier for competitors.

A product built quickly with AI may be just as easy for someone else to reproduce. That makes customer relationships, trusted distribution, specialized knowledge, strong execution, and brand loyalty even more valuable.

As Colin Campbell explains, you can never outsource the entrepreneur. AI can help build, research, market, and launch the company. The founder still has to choose the idea, understand the customer, solve problems, and create a reason for the business to endure.

10 AI Agents Every Entrepreneur Needs

AI agents are giving entrepreneurs a new way to start and scale businesses. Unlike passive AI tools that wait for individual prompts, agents can monitor information, connect systems, and carry recurring processes forward.

In this episode of Start, Scale, Exit, Repeat, the Startup Club community shares practical examples of AI agents already being used in real businesses.

“There are no sacred cows.”
— Michelle Van Tilborg

Which Processes Should You Automate?

Before creating an agent, look for work that is:

  • Repetitive
  • Prone to human error
  • Based on clear rules or an established process
  • Supported by reliable data
  • Performed frequently enough to justify automation

A task that takes five minutes every day can consume hours each month. That makes small, recurring processes an excellent place to begin.

10 Practical AI Agents for Entrepreneurs

The episode highlights ten valuable applications:

  1. Customer service: Answer common questions and escalate unusual cases to a person.
  2. Marketing analytics: Combine campaign data and identify the metrics that affect profit.
  3. Advertising management: Monitor listings, ads, and performance across platforms.
  4. Email management: Organize messages and flag contracts, payments, or tasks requiring attention.
  5. Lead generation: Research prospects and prepare personalized outreach drafts.
  6. Bookkeeping: Extract information from reports and prepare journal entries for review.
  7. Job or talent matching: Compare opportunities with defined experience, skills, and requirements.
  8. Investor outreach: Identify potential contacts and draft personalized messages using previous correspondence.
  9. Weekly task reviews: Examine recent communications and produce a list of unfinished commitments.
  10. Contract monitoring: Track agreements, renewal dates, deadlines, and required actions.

Keep a Human in the Loop

Automation should not mean surrendering control.

Agents can misunderstand instructions, overwrite information, or produce incorrect results. High-impact actions—especially those involving money, contracts, customer relationships, or external accounts—need clear limits and human review.

As Michelle Van Tilborg explains, agents may even need other agents to question their outputs and provide checks and balances.

The goal is not to automate everything. It is to automate the right processes deliberately, measure the results, and expand only after the system proves reliable.

Stage Gates: Know When to Keep Going, Pivot, or Stop in an AI World

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Adapted from Chapter 7 of Colin C. Campbell’s Start. Scale. Exit. Repeat.

AI has made it easier than ever to start a business.

You can build a prototype in days. Launch a website in hours. Create marketing campaigns, analyze customer data, automate operations, and test ideas at a fraction of the cost it once took.

But there’s a downside to all that speed.

It has also become easier to keep a bad idea alive.

When the cost of another experiment is low and AI can generate another strategy, feature, campaign, or pivot almost instantly, founders can always convince themselves to give it one more try.

That’s why every startup needs Stage Gates.

What Is a Stage Gate?

Think about an old racing video game.

You’re racing against the clock, and somewhere ahead is a checkpoint. Reach it before time runs out and you get more time to continue racing.

Miss it and the game is over.

A Stage Gate works the same way in a startup.

It is a predetermined milestone that tells you whether the business has earned the right to keep moving forward.

When we launched GeeksForLess, our first Stage Gate was simple: break even by a certain date.

Once we achieved that, we set another: reach $1 million in profit.

Then another: pay off all our debt.

Each Stage Gate gave us permission to keep pushing forward.

But Stage Gates can also tell you when it’s time to stop.

With another company I launched, Shareholder Blockchain, our first Stage Gate was to have a minimum viable product within four months. We missed it.

Rather than continuing to pour money and time into the company indefinitely, I shut it down.

That’s the other side of Stage Gates.

They define when to keep going, and when to make a difficult decision.

AI Makes Stage Gates More Important, Not Less

AI dramatically compresses the startup cycle.

A founder can now test ideas, create MVPs, analyze markets, produce content, write code, and automate workflows faster than ever before.

That should change your Stage Gates.

If something once reasonably required twelve months and $500,000 to validate, AI might allow you to test the underlying assumptions in three months for a fraction of the cost.

Your Stage Gates should reflect that new reality.

But AI also creates a new trap: activity can look like progress.

You can generate 100 landing pages.

Launch 20 campaigns.

Build 10 product features.

Analyze thousands of customer interactions.

None of that necessarily means you have a viable business.

The question isn’t how much you’re producing.

The question is whether the business is producing the results that justify continuing.

Goals and Stage Gates Aren’t the Same Thing

Companies should have lots of goals.

Increase website traffic by 25%.

Launch three new features.

Book 20 sales calls.

Reduce customer acquisition costs.

Those goals help you operate the business.

A Stage Gate sits above them.

Your Stage Gate might be:

Reach $25,000 in monthly recurring revenue by December 31 while maintaining a customer acquisition cost below $500.

You might miss some individual marketing, product, or sales goals along the way and still reach that Stage Gate.

That’s okay.

Stage Gates help founders maintain perspective.

Instead of asking whether every initiative worked, you ask the bigger question:

Did we prove enough to justify the next stage of the company?

Use AI to Measure the Business, Not Rationalize It

One of the most powerful applications of AI for entrepreneurs is its ability to analyze enormous amounts of information.

Founders can connect data from sales, marketing, customer support, product usage, finance, and operations and identify patterns that previously required teams of analysts.

Use that capability.

Ask:

Are customers actually returning?

Is revenue becoming more predictable?

Is customer acquisition becoming more efficient?

Which features are driving retention?

Are margins improving as we scale?

Where are customers dropping out?

AI can help surface the answers.

But the founder still has to make the decision.

If you establish the Stage Gate before seeing the results, you make it much harder to move the goalposts later.

That matters because entrepreneurs are naturally optimistic. We can almost always find a reason why success is supposedly just around the corner.

Stage Gates force reality into the conversation.

Stage Gates Create Momentum

Jim Collins famously described the flywheel effect in Good to Great.

A giant flywheel is incredibly difficult to move at first. You push and push and barely see movement.

Eventually, momentum builds.

Then suddenly the wheel starts moving faster and faster.

Startups work much the same way.

Your first Stage Gate may simply prove that customers are willing to pay.

The next may prove they will come back.

The next may prove you can acquire them profitably.

Then you may prove the model works in another market.

Each checkpoint creates evidence.

And evidence creates momentum.

AI can accelerate that flywheel, but only if you’re measuring the things that actually matter.

Stage Gates Give Founders Room to Breathe

When you launch a startup, it’s easy to become overwhelmed by the size of the mountain ahead.

Will this become profitable?

Can we compete?

Can we raise money?

Can we build a team?

Can we scale nationally?

Can we survive?

Trying to answer every question on day one is exhausting.

A Stage Gate narrows your focus.

Forget the mountain for a moment.

What’s the next hill?

Maybe your only job for the next 90 days is to get 100 paying customers.

If you hit it, you earn the opportunity to tackle the next problem.

This also protects founders from one of the biggest dangers in today’s AI economy: distraction.

Every week brings another tool, trend, platform, business model, or supposed breakthrough.

You don’t need to chase all of them.

Your Stage Gate tells you what matters right now.

Make Your Stage Gates SMART

A useful Stage Gate should still follow the classic SMART framework:

Specific. Measurable. Achievable. Relevant. Time-bound.

“We want to become a leader in AI-powered accounting” isn’t a Stage Gate.

Neither is “we want to grow internationally.”

Instead:

“Reach $50,000 in monthly recurring revenue with at least 80% customer retention by March 31.”

Now you have something you can evaluate.

You either hit it or you didn’t.

And if you didn’t, you have a decision to make.

Do you continue?

Pivot?

Reduce spending?

Change the product?

Bring in new leadership?

Raise additional capital?

Or shut it down?

The answer isn’t automatically “quit.”

Missing a Stage Gate is a signal that something must change.

Don’t Get Stuck in Start

AI is creating one of the greatest entrepreneurial opportunities we’ve seen in decades.

But easier company creation doesn’t automatically mean more successful companies.

In fact, we may see the opposite.

Thousands of founders can now launch businesses that would never have made it past the idea stage before.

The winners won’t simply be the entrepreneurs who move fastest.

They’ll be the ones who know what they’re trying to prove at every stage.

Set the checkpoint.

Set the deadline.

Measure the results.

Then make the decision.

Because the objective isn’t to keep your startup alive forever.

It’s to prove that it deserves to Scale.

The AI Mindset: How Startups Can Scale With AI Agents

“AI isn’t about replacing people. It’s about democratizing expertise.”
— Abhimanyu

AI is no longer just a tool for answering questions or writing first drafts. For entrepreneurs, it is becoming an active digital workforce capable of managing complete business processes.

In this episode of The Complete Entrepreneur, Colin Campbell, Michael Gilmore, and members of the Startup Club community explore how this shift is changing the way companies start and scale.

From AI Assistant to AI Workforce

At PAW.com, the team deployed 19 specialized AI agents across different business functions. These agents help with research, lead qualification, advertising analysis, financial reconciliation, and other recurring tasks. One agent even monitors the work of the others.

The lesson is bigger than any single platform. Instead of asking, “How can AI help me complete this task?” founders can now ask, “Which process could an AI agent help me operate?”

During the conversation, entrepreneurs share how they are already using AI to:

  • Generate and qualify leads
  • Respond to customers and manage bookings
  • Create proposals, content, and marketing materials
  • Connect tools and automate routine workflows
  • Build and test early product prototypes

These capabilities can help startups move faster, reduce overhead, and compete with organizations that once had a major advantage in people and resources.

Human Judgment Still Matters

AI can accelerate the work, but it does not replace the entrepreneur.

Agents can misunderstand instructions, produce inaccurate information, or take a workflow in the wrong direction. Software, legal documents, financial decisions, and customer communications still require appropriate review.

The winning approach combines AI’s speed with human creativity, expertise, relationships, and judgment.

Start With One Process

You do not need to automate your entire company. Begin with one repetitive process that consumes time but follows a predictable pattern.

Map the steps, introduce AI where it creates value, and keep a human checkpoint wherever mistakes could carry meaningful consequences.

The opportunity is not simply to use AI. It is to rethink how your business operates.

Build a Business that Doesn’t Own You – Serial Entrepreneur: Secrets Revealed

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Build a Business that Doesn’t Own You – Serial Entrepreneur: Secrets Revealed

Learn about building a business that creates real freedom. We’ll talk ownership, profit, systems, risk, and how founders can stop being essential to everything their company does with guest Steve Rolle, author and entrepreneur.

https://www.clubhouse.com/i/build-a-business-that-doesnt-own-you/kJyhXZ6D

Are You the Bottleneck in Your Business?

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Are You the Bottleneck in Your Business?

Many founders unknowingly become the biggest obstacle to their company’s growth. Join us and guest speaker Barry Cryan to discuss how to let go, build stronger teams, and create a business that can scale beyond you.

https://www.clubhouse.com/i/are-you-the-bottleneck-in-your-business/qvf9yMoy