Michael Levit
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Michael Levit

Co-founder and President, Spigot, Inc
www.foundersden.com
San Francisco, California, United States United states
Business owner, Employee, Investor
Member since July 01, 2011
VEQ: TM-TL-MM
About Michael
Work/education
Activities
Following
Investor interests
Investments made Dotcloud, Spigot, Greentree Apps, Founders Den
Credentials Accredited Investor
I am a(n):

Entrepreneur

Companies I've founded or co-founded:

Founders Den, Spigot Inc, Bluelight.com, Redbooth

Startups I worked for:

Hearme, Paltalk, Vendio, Spigot Inc, Bluelight.com, Redbooth

If you are an entrepreneur, why?

I want to change the world.

My favorite startups:

Spigot, Branchout, Quora, Square, Dot Cloud

What's most frustrating and rewarding about entrepreneurship/innovation?

Things never go as fast as you hope no matter how much you will them to do so

What's the No. 1 mistake entrepreneurs make?

Trying to do too much and not focusing on one real customer problem at a time

What are the top three lessons you've learned as an entrepreneur?

Focus, focus, focus (is that one or three?), don't count on a deal until the check clears, concentrate on building a great product that customers adopt in a big market and almost everything else takes care of itself

Full bio

Michael is a serial entrepreneur and managing partner at the Founders Den where he advises startups and works on Spigot Inc., his fifth startup that he co-founded in 2008.  Prior to Spigot Michael ran the business side of Vendio, an eCommerce platform, where he grew transactions to $1.5+ billion/ year before selling the business to Chinese giant Alibaba.  Michael’s previous experience includes starting AOL’s Broadband division, running sales and marketing at Hearme and Paltalk, co-founding and overseeing Business Development at Bluelight.com a venture between Softbank, Martha Stewart, Kmart and Yahoo, and working in Accenture’s technology and strategy consulting practice where he co-founded the Internet Center in Palo Alto some 16 years ago.  Michael is an active advisor and angel investor and he is the co-creator of TEDxSF, an organization dedicated to the sharing of ideas.