Today's Entrepreneur: Pete Sheinbaum

No. 1 mistake: Losing focus

Today's Entrepreneur is Pete Sheinbaum, founder & CEO of LinkSmart.  Sheinbaum is also the former CEO of DailyCandy, which he sold to Comcast Interactive Media in 2008.  

According to his VEQ, Pete is a thought leader and is good at fund raising and technology design.

Pete is also an angel investor and some of his investments include HotelTonight, Sendgrid,  Intense Debate, TechStars.

His typical investment size is between $25,000 and $50,000 in four deals a year. His categories of interest are: Digital media E-commerce Web services.

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I am a(n):
Entrepreneur

Companies I've founded or co-founded:
LinkSmart, Inc.

Startups I worked for:
E! Online, AlexBlake.com, DailyCandy.com, LinkSmart.com

If you are an entrepreneur, why?
I want to invent something cool.

My favorite startups:
Instagram, HotelTonight, Strava, FlipBoard

What's most frustrating and rewarding about entrepreneurship/innovation?
Putting people to work and solving problems are definitely the most rewarding things about entrepreneurship.

What's the No. 1 mistake entrepreneurs make?
Losing focus.

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

1. You are never going to be 100% sure about anything.
2. Being frugal and being cheap are not the same thing.
3. There are many great ideas but only a few great executions.

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