June, 2024

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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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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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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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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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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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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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EO Members Reflect on Coaching GSEA Global Finalists for ‘Start It Up’ Season 3

Entrepreneurs' Organization

Photo caption: EO members who volunteered to coach GSEA student entrepreneurs include: Divek Barathamanickam, Kate Hancock, Iffat Grecht, Marcelo Bernartt, and Kate Morgan (with Brent Wardrop on the far left behind Divek). EO’s Global Student Entrepreneur Awards (GSEA) is the premier global competition for students who own and operate a business. Nominees compete against their peers from around the world in a series of local, national, and regional competitions in hopes to qualify for the GSEA G

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Microenterprises – Supporting the Types of Businesses in Your Ecosystem

Source Link

This multi-part series offers ecosystem builders and economic developers insights into the characteristics of each business type and targeted strategies that help those businesses thrive.

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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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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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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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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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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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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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How Top Tech CFOs Solve Annual Planning’s Biggest Challenges

Gearing up for 2025 annual planning? Our latest eBook from the Operators Guild is your ultimate guide. Discover real-world solutions and best practices shared by top CFOs, drawn directly from discussions within OG’s vibrant online community. Learn from senior executives at high-growth tech startups as they outline financial planning strategies, align CEO and board goals, and coordinate budgets across departments.

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Humanloop CEO Raza Habib shares 5 common mistakes teams make when building with LLMs

Y Combinator

When Humanloop started out in 2020, they were working on a better way to train the state-of-the-art language models of that time. These models needed lots of manually annotated data to work best; Humanloop’s first product made it easier for anyone to do this annotation work, while drastically reducing the overall amount of manual work required.

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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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10 reasons why your sales pipeline isn’t delivering consistent sales

NZ Entrepreneur

Has your sales pipeline slowed and you want to increase revenue? Even in a tight market, there are ways to grow a healthy pipeline that delivers consistent sales revenue – just like your sales pipeline should! If you’re wondering what to do to unblock your sales pipeline and get your sales revenue flowing, this check-list is a great place to get started.

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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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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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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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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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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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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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The Four Barriers to AI Adoption

Tomasz Tunguz

AI adoption is slower than expected in many spaces. Some of the reasons are straightforward, but others are more subtle. Most leaders wants to inject AI into their business to develop a competitive advantage. There are four challenges. The first challenge is untderstanding the technology’s ability. Because the capabilities evolve so quickly, it’s hard to keep up.

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How to Objectively Measure the "Fundability" of Your Fund

This is going to be BIG.

When I wrote this post about trying to measure the fundability of your startup, I kicked it off with, “You can’t” and proceeded to share all the ways that getting your company funded feels a bit like a craps shoot, while still trying find a method somewhere within the madness. On the other hand, I feel things are a lot more predictable on the fund side—and that getting limited partners for your fund or syndicate is a lot more grounded in something that resembles logic.

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Ohio Small Business Program Launches, Partnership of JobsOhio and Aileron

American Entrepreneurship

The program will develop the leadership skills of small business owners and executives to help their small businesses achieve business growth. Ohio’s small business community received a big boost this week with the announcement that JobsOhio and nonprofit Aileron are partnering. Together they are launching a new small business program helping owners, presidents, and CEOs of B2B organizations.

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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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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.