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3 Tips to help founders build productive bonds with mentors

Great mentorship is often a game-changer for international founders launching a new business in unfamiliar terrain. Whether you are looking for an expert in your industry or someone who appreciates the nuances of your immigrant background, you need the right strategy. Katja Wald, an expert in coaching programs for entrepreneurs, shares three tips for building exceptional synergy with a mentor.
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I almost joined the Newchip accelerator right before it collapsed. Was it a scam? Here’s what I recommend to other founders.

The recent collapse of Newchip, one of the world’s biggest accelerators, was a shock to the venture ecosystem. Bjorn Erik Hansen, founder and CEO at INTIEM, an AI-based SexTech solution, believes the organization's business model was an intentional deception. Just a few days before news of the bankruptcy became public, his Miami-based startup had said "no" to joining Newchip’s new cohort.
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Do investors steal the ideas you pitch them? Yes, all the time, and here’s why.

Tales about devious investors conniving to take advantage of aspiring entrepreneurs have been circulating in the tech community for a while. Most founders dismiss such stories as urban legends, but in fact, some VCs do steal ideas from early stage startups in order to boost their own struggling portfolio companies. Immigrant entrepreneurs, who have limited access to capital and are often overly eager to find an investor, should approach fundraising with caution, warns Michael Burtov, a star mentor and lifelong entrepreneur.
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Immigrant entrepreneurs created ChatGPT. Is AI a superior alternative to our flawed systems or a dystopian hellscape?

Artificial intelligence (AI) recently entered the long list of epoch-making technological innovations credited to the hard work of immigrant founders. ChatGTP, which was developed by Open AI, a company that was launched by an international team, has been making headlines over the past few months. Mike Burtov, a star entrepreneur and mentor, is wondering whether AI will usher in a glorious future for humanity or could prove to be a ticking time bomb.