June, 2024

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Lessons from the Trenches: One Founder’s Candid Look at Bootstrapping

Entrepreneurs' Organization

Starting a business is often romanticized as a journey filled with exciting milestones and instant success stories. Yet, as most seasoned entrepreneurs will attest, the reality is far more complex and challenging, particularly when you decide to bootstrap your business. Reflecting on my own journey with Equifund, I aim to shed light on the trials and triumphs of entrepreneurship, especially for those who, like me, choose not to rely on outside funding.

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How to Objectively Measure the "Fundability" of Your Startup

This is going to be BIG.

Sorry, you can’t. The decision to fund a company is a combination of a lot of human factors—an assessment of one group of humans by another group of humans, fraught with apples-to-oranges comparisons. Yet, everyone’s got an opinion about how a company measures up, especially the founder. ( If you want mine, I’m doing a little consulting now. ) So, how do you know what truth is?

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8 Tips for Entrepreneurs Seeking Angel Investment

The Seraf Compass

We sent out a survey to our Seraf Compass subscribers to ask for tips and advice for first-time entrepreneurs. We asked the question: "What advice do you have for entrepreneurs seeking angel investment and how can they best prepare for pitching investors?” Here are some answers we found to be helpful!

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InBIA Announces New Board Members

INBIA

FOR IMMEDIATE RELEASE InBIA Welcomes New Directors June 20, 2024 ORLANDO, FL – Members of the International Business Innovation Association (InBIA) have elected four individuals to the board of directors to serve three-year terms and re-elected one current member for a second term. The term will begin October 1, 2024.

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Provide Real Value in Your Applications with Data and Analytics

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Embracing the Tipping Point: The Evolution of Angel Syndication

Paul G. Silva

We are standing on the edge of a profound shift in the world of angel investing. For years, the process of raising funds from multiple angel investor groups—known as “syndication”—has been mired in friction. The visionary minds at the Angel Capital Association (ACA), the global beacon for angel investors, have spent over a decade sculpting best practices.

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Why Investors Are Watching–And Judging–Your Work-From-Home Policy

Entrepreneurs' Organization

Many companies have struggled to develop their flexible work policies, but what you may not realize is that many investors are watching — and judging them. Indeed, a number of investors have explicitly and publicly integrated work-from-home (WFH) policies into evaluations of prospective investment targets. Dozens of investors have approached me for advice on assessing the effectiveness of such policies.

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JOGO Health Opens Wefunder Campaign to Transform Pain Management

American Entrepreneurship

Hourglass Ventures led a recent funding round that included Mayo Clinic Ventures Medtech innovator JOGO Health now has the funding to expand the use of its breakthrough technology having just closed a $5.5 million funding round. But they are not done—opening up a Wefunder campaign for retail investors to share in their innovation. Patients using a wearable can now receive non-invasive, drug-free relief for conditions ranging from chronic lower back pain, stroke recovery, migraines to incon

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Why Pricing and Packaging Matters More When You’re Launching Your Second Product

Andreessen Horowitz

A strong multiproduct strategy is a cornerstone of a credible growth story for any scaling B2B company. Depending on your goals, new products can deepen the wallet share of your existing customers by focusing on new users or new use cases, or they can expand your TAM by targeting new customers, new geographies, or new verticals. In each case, successfully launching these products means finding product-market fit all over again—but this time, you have a much slimmer margin for error.

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Ben Franklin’s 2024 Program Overview

Ben Franklin Technology Partners

SEE FULL SCREEN LEADING INNOVATION AND ECONOMIC RESILIENCE IN PA As we reflect on the remarkable journey of the past year, I am filled with pride and gratitude for the ongoing impact that our program has had in driving economic development and fostering innovation throughout Pennsylvania. Ben Franklin Technology Partners of Central and Northern PA (CNP) has remained steadfast in its pivotal role, bolstering local tech-based enterprises, small manufacturers, and entrepreneurs by continuing to pro

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Your Fractional Finance and Accounting Team

Mighty Financial specializes in supporting the financial aspirations of small businesses and entrepreneurs. With our comprehensive bookkeeping and precise accounting expertise with decades of experience across diverse financial roles, our team offers tailor-made services ranging from essential bookkeeping to strategic fractional CFO support, catered specifically to the unique challenges of technology companies, startups, and SMEs.

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The Series A Crunch or the Seedpocalypse of 2024

Tomasz Tunguz

2012 was the year of the Seedpocalypse. Also called the Series A Crunch, a fear gripped Startupland : raising a Series A. Two years later, this indigestible excessive bolus of fundraising rounds hit the Series B market & Series Bs became the most challenging round to raise. Whenever there are “too many” of fundraises of one type, the next round becomes the hardest to raise.

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Find your rock in Ensenada!

Berkonomics

Have you found your special place to think strategically without interruption? I found mine on a rock in Ensenada, Mexico years ago… But I am ahead of myself… Every entrepreneur has that moment of truth – the one that marks the decision to take the path to entrepreneurship or the path to job security with a larger employer. And down the road a bit, most of us face another when deciding whether or not to go for growth, requiring new investment and increased risks.

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How To Become A Thought Leader: 6 Steps to Elevate Your Impact

Entrepreneurs' Organization

Has someone suggested that you become a “thought leader?” Have you considered the benefits of becoming one or how to go about it? A thought leader is someone who becomes known as a subject matter expert and sought out or relied on for their experience sharing. Becoming one can improve your influence in your field and within your company. I decided to go for it six months ago and have already seen some pretty good results.

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Hiring a Small Business Consultant

American Entrepreneurship

A small business consultant brings a range of benefits that help a business grow A small business owner often thinks long and hard about who to bring into their business to further its growth. Having not previously used a consultant, they hesitate to pay a consultant’s high hourly rate. This article delves into the pros and cons of hiring a small business consultant, hiring steps, and types of small business consultants.

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Digitalization: 5 Tech Updates That Will Help You Survive The Recession & Thrive

Lack of digitalization decreases business competitiveness. To thrive, embracing modern solutions becomes essential. The approach to digitalization often aligns with a company's business model. This shift not only boosts productivity but also automates processes and improves security. The tech market offers a wealth of technologies tailored for management, planning, and forecasting, replacing outdated pen-and-paper methods.

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ACA Announces Partnership with Thompson Hine

Angel Capital Association

Angel Capital Association Announces Collaboration with National Law Firm Thompson Hine Overland Park, KS – June , 2024 – The Angel Capital Association (ACA), the world’s leading professional association for angel investors and startup entrepreneurs, is excited to announce a strategic collaboration with Thompson Hine LLP , a national law firm recognized for innovation that boasts one of the fastest-growing New Ventures practices in the country.

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Ben Franklin Technology Partners Drives Innovation with Strategic Investments in Eight Promising Startups

Ben Franklin Technology Partners

Ben Franklin Technology Partners of Central and Northern PA (Ben Franklin CNP) continues its mission of catalyzing innovation and fostering growth in the technology sector with its recent investments in eight dynamic companies. These strategic investments totaling one million dollars are poised to propel these startups toward significant milestones, empowering them to revolutionize their respective industries.

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Databricks' Accelerating Growth

Tomasz Tunguz

Databricks revealed some sensational growth this week, as they did last year. Exiting this quarter to $2.4 billion annual run rate, the company’s revenue growth is accelerated year-over-year by 10 percentage points. Quarter Q2 2023 Q2 2024 Quarterly Revenue, $m 375 600 Revenue Growth 50% 60% Customers 10,000 Gross Margin 85% 80% Net Dollar Retention 140% Data Warehouse Revenue, $m 200 400 Average Annual Customer Value 37,500 Net dollar retention is a major driver of growth at 140%, which i

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Bridge2 Demo Day Returns, Highlighting Promising Oklahoma Startups

Innovation 2 Enterprise

On Wednesday, June 5, 2024, the second cohort of Bridge2 founders took the stage at Tulsa’s Agora Event Center for Demo Day. Hosted by i2E and sponsored by the Center for Advancement of Science & Technology (OCAST) and the Greater Oklahoma City Chamber, this event showcased five new startups in the Oklahoma venture ecosystem. Bridge2 is an 8-week pre-accelerator program designed to nurture tech-enabled startups across Oklahoma, providing them with the resources, mentorship, and exposure to p

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PE Mastery: CAPTARGET's Playbook for Quality Lead Flow

CAPTARGET presents a masterclass in M&A deal sourcing. Learn to cast a wide net, embracing seller self-identification. Consistency is the linchpin: keep the origination process steady for a reliable flow of opportunities. Diversify your tactics, employing various tools and vendors. Tech matters! Understand DNS settings, domain authority, and brand presence for optimal outreach.

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4 Insights On Using Videos To Elevate Remote Employee Onboarding

Entrepreneurs' Organization

Onboarding is your company’s way to welcome and position new hires for success. It sets the tone for their journey and gives them the tools they need to excel. Done right, it seamlessly integrates incoming talent into your company’s culture and ongoing operations. But doing onboarding right goes beyond a generic “Welcome aboard!” email. Remote work setups require companies to create an onboarding experience that is as optimized and engaging as it is informative.

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Small Business Management: Delegation is a Balance between Oversight and Independence

American Entrepreneurship

A lot of effort is required to master the art of delegation, similar to the Goldilocks Challenge The growth of a small business or early-stage scalable business often rests on the shoulders of the founding owner or entrepreneur. However, not all founders have prior or sufficient managerial business experience before starting a business. The lack of well-honed managerial skills may slow reaching company goals to grow—at a critical time when it needs to become a multiple-employee company.

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NIA and AsiaBerlin Join Forces to Boost AI Innovation and Investment

AsiaTechDaily

The Ministry of Higher Education, Science, Research, and Innovation, through the National Innovation Agency (NIA), is strengthening international partnerships to support innovation.

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Grand Prize Winners Announced in 2024 PA Wilds $50,000 BIG IDEA Contest!

Ben Franklin Technology Partners

The 2024 PA Wilds Big Idea Contest, an initiative aimed at fostering innovation and entrepreneurship in Cameron, Clinton, Lycoming, Potter, and Tioga Counties, has announced its grand prize winners. After rigorous evaluation, two outstanding contenders have emerged, each presenting groundbreaking solutions in diverse fields. On June 13, 2024, the PA Wilds BIG IDEA Finale Pitch event was hosted by the Pennsylvania College of Technology in Williamsport.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Transforming Mental Health: An Exclusive Interview with Tanuj Sharma, CEO of Kana, the AI Co-pilot…

Jason Malki

Transforming Mental Health: An Exclusive Interview with Tanuj Sharma, CEO of Kana, the AI Co-pilot for Mental Healthcare I had the pleasure of interviewing Tanuj Sharma, Co-founder & CEO of Kana , who aims to revolutionize the accessibility and effectiveness of mental healthcare by leveraging ethical AI and data. With 23 years of experience in the technology industry, including roles at AWS and Rackspace, Tanuj leads Kana’s business management, product design, and marketing efforts.

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Angel Capital Association Awards Prestigious Hans Severiens Award to Sage Growth Capital’s Dr. Kevin Learned

Angel Capital Association

For Immediate Release Angel Capital Association Awards Prestigious Hans Severiens Award to Sage Growth Capital’s Dr. Kevin Learned Columbus, OH – At the 2024 Summit of Angel Investing, the Angel Capital Association (ACA) awarded its most prestigious recognition, the Hans Severiens Award, to Sage Growth Capital’s Partner and past member of the Angel Capital Association Board of Directors Dr.

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7 Benefits Of A Business Coach Over DIY Self-Coaching

Entrepreneurs' Organization

In today’s fast-paced and competitive business environment, many entrepreneurs and business owners face the dilemma of whether to go it alone or do it yourself (DIY) or seek professional guidance through business coaching. While the DIY or self-coach approach might seem cost-effective and empowering, it often comes with hidden challenges and limitations that can hinder growth and success.

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Small Business Technology Provides an Important Competitive Advantage

American Entrepreneurship

A list of technologies that all startups and small businesses should have One can learn a lot about running a business operation when forced to face a crisis such as COVID-19. Small businesses were put to the test and most looked to technology for an answer. The digitalization of America was already underway before the pandemic and it went into full throttle with the pandemic.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l