Here's what James McMillan had to say

Winifred Soribe • Feb 15, 2023

Summary of our January Fireside Chat

"The more I can collect skills, the more capable I am" declares James McMillan during his Fireside Chat. Following studies in biology and genetics, James converted to business and accounting - leading to work in accounting and product management. As a business consultant to small and medium sized enterprises, James saw himself as a problem solver while matching people to the right connections. This led to his formation of joinmynexus.com - allowing entrepreneurs to answer: How ready am I? What should I do next? Where can I get help from an incubator, accelerator or investor? 


To clear the idea validation hurdle, you need vision, well defined values and an understanding of the "real world" marketplace. Joinmynexus offers an E-Skills Assessment covering specific areas of startup vitals and advice for early-stage entrepreneurs. James defines entrepreneurs as "subject matter experts" with a focus on industry and customer markets. Winifred Soribe cited this as the "intellectual capital of firms" - sourced from social, human and structural assets that form relationships to achieve the objectives of a firm. 


Joinmynexus also seeks to recognize systemic bias in finance while matching the ambitions and risk profiles of entrepreneurs with investors, "much like a dating role" characterized James. Investors have biases that must be considered in this process, For instance, James advises not to secure an investor who "drip feeds" an entrepreneur that needs more initial capital in the startup phase, nor use an Artificial Intelligence approach to predict investor:entrepreneur matches. James declares "if you use this kind of monitor to predict the future, something in the world will change - the future is predictably unpredictable." 


"The investor is buying into you, so show your true passion and capture those qualities in your pitch" recommenda James - "raising funds is more an art than a science".


Powering entrepreneurial capability - myNexus (joinmynexus.com)


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