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Networking Tips for Entrepreneurs

Here are some useful tips from Cliff Allen posted on his blog 

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Entrepreneurs starting a high-growth high-tech business network somewhat differently from other people — and that was clear at the recent StartupLA conference.

StartupLA was organized by local entrepreneurs who decided that other entrepreneurs starting high-tech ventures in Los Angeles need a quick overview of key parts of business.

I was pleased to participate in the marketing panel, and later watched the panel on business networking. Those four panelists clearly have their own attitudes and approaches to networking.

For example, Boris Epstein, a recruiter, has over 500 connections in LinkedIn and uses LinkedIn extensively to contact candidates. On the other hand, Joel Ordesky, one of CTOs on the panel, has under 300 contacts and advises people to not seek connections to the “super connectors” in LinkedIn.

Each of the four panelists shared a number of real-word networking tips. Here is a significant tip from each panelist:

Steve Burgess gave the best reason to continually build your network when he said, “I don’t do business with people I don’t know.” This indicates the importance of developing relationships before you expect to do business with someone. For entrepreneurs, it’s especially valuable to nurture relationships with potential investors before asking them to make an investment.

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