August, 2020

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13 Entrepreneurs Reveal Their Best Business Advice

Entrepreneurs' Organization

Agonise over whether or not you need business partners. Ai-Ling Wong—founder at The Decorateur. If you can afford it, don’t have business partners. Nine out of 10 entrepreneurs I know have long-term pain with their partners. The tenth entrepreneur without the headache is usually the one without a business partner.

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It Depends: Why the right fundraising strategy for your startup is never a straight answer.

This is going to be BIG.

Talk to ten founders and ten different VCs and you’ll get roughly about 600 different suggestions as to how you should go about your fundraising strategy. I don’t know what the formula is here, but the numbers and the resulting amount of confusion gets big very very quickly. Why does it seem like there’s an exception to every rule? You’re told that you can’t raise until you have a product, yet pre-product companies get funded all the time.

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Cities Should Think Creatively about Entrepreneurship Ecosystem Building

Source Link

How do other cities build entrepreneurship? Alejandro Manzanares of the National League of Cities (NLC) shares insights from cities in its third cohort on establishing entrepreneurial seed funds, building innovative workforces and ecosystem mapping.

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Why Investors Say No - Three Startup Pitch Mistakes That Are Easy to Fix

Dream It

Speaking to investors can require a language of its own. Word choice is important and even the smallest detail can make or break your startup pitch. Adam Dakin , Managing Director of Dreamit Healthtech, sees founders make the same common pitch mistakes over and over. Luckily, he’s a pro when it comes to pitching investors and distills the advice so it’s easy to avoid.

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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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online education: tips and resources for innovation and entrepreneurship educators

Venture Well

We’ve compiled key learnings and best practices from educators in our community who have adjusted to the demands of online education. The post online education: tips and resources for innovation and entrepreneurship educators appeared first on VentureWell.

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3 key ingredients for successful remote work

Entrepreneurs' Organization

The global coronavirus pandemic has forced a widespread shift to remote work. The impact on our families and careers has been significant. Around the world, parents struggle to find a quiet space to work, professionals battle with technology, and employers assess the safest way forward. . For all these reason and many more, we’re stressed! Many of us are burned out and disengaged.

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Where have you gone, Bill de Blasio?

This is going to be BIG.

Reports of NYC’s death have been greatly exaggerated. Far from becoming a crime-ridden hellscape, NYC’s actual numbers of murders and robberies are on a pace that is not only down from 10 years ago, which was eight years into Mike Bloomberg’s term as Mayor, but they’re almost half as much as they were at the end of the Giuliani administration, when people thought NYC crime had been "cleaned up".

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How adaptability during a pandemic transformed this YLAI Fellow’s Honduran sustainability company

Young Leaders of the Americas Initiative

By Angie Garozzo. 2018 YLAI Fellow Cinthya Andino is most passionate about design and about protecting the environment. In 2015, she was able to merge these two passions together to create her company, Beleaf. The YLAI Network team spoke with her to discuss the success of her business, the challenges she has faced, and what she has in store for the future.

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Quizlet’s State of Remote Learning Report 2020

A VC: Musings of a VC in NYC

Our portfolio company Quizlet put out a “ State of Remote Learning Report ” this week based on what they are seeing across their global learning platform during the pandemic. Quizlet wrote a blog post about it as well. There are some very interesting data points in the report: Quizlet explains this chart in their report this way: Although no country was prepared for the quick pivot to remote learning, most were able to not only return to their pre-COVID-19 online study levels, but ac

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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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designing paper-thin, flexible batteries for vital electronics: q&a with Rajan Kumar from E-Team, Ateios

Venture Well

VentureWell E-Team, Ateios, is developing a platform technology to manufacture customizable, flexible batteries for the growing medical patches market. The post designing paper-thin, flexible batteries for vital electronics: q&a with Rajan Kumar from E-Team, Ateios appeared first on VentureWell.

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Lead, Follow Or Get Out Of the Way - The Art and Science of Deal Leadership

The Seraf Compass

Active deal leadership is one of the essential elements of success in early stage investing. As legendary investor Fred Wilson observed, every round needs a lead investor. Being a great deal lead takes experience, or the guidance of a great process. That is the purpose of this series - to provide the guidance of a great process so that more people can step up to serve as much-needed deal leads.

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4 secrets to successful social media

Entrepreneurs' Organization

This article comes from the Melbourne chapter of the Entrepreneurs’ Organization. According to some estimates, there are 3.80 billion users on social media. And every business owner and founder knows that social media is one of the most cost effective ways to market your products and services. . We asked members of Entrepreneurs’ Organization (EO) in Australia to explain how they use social media. 1.

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Thriving or Surviving or Diving in Quarantine?

This is going to be BIG.

While we don’t have kids yet, we’re of the age where a lot of our friends do—and the back to school situation is on everyone’s mind. Is your school open? Are you sending them? How did your kids do with distance learning? What struck me is the stories of how different personalities of kids have done in quarantine—and adults are no different. Some are absolutely thriving—super focused, avoiding distraction.

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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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Promoting women’s advancement in Haiti through creative baked goods

Young Leaders of the Americas Initiative

By Caroline Sachdeva. 2017 YLAI Fellow Marie Flore Morett, owner of Delices de Marie Florett , has worked to create a welcoming community in Haiti to empower women to seek employment opportunities and work to decrease the job and wage inequalities present in Haiti. Marie strives to inspire other women to challenge stereotypical roles in the home and in turn help their communities by promoting economic prosperity.

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Investments That Don’t Work

A VC: Musings of a VC in NYC

I woke up to a dream this morning where I was playing a game that was very similar to Turntable.fm , a failed effort to create a social music experience that had a moment back in 2011 and that I had invested in via USV. In the dream, someone had created a new version of the game that was basically identical to the original version. It was as fun to play it as it was to play Turntable back in the day.

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Announcing the YC Startup Library

Y Combinator

We’re excited to announce the launch of the YC Startup Library, found at ycombinator.com/library. Over the last 15 years, YC has invested in and worked with more than 2,000 companies, and we’ve seen and learned from their successes and failures. The library consolidates the knowledge and advice we’ve previously published and provides a central location for new content.

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Conflicting Data on the State of the US Early Stage Market

Tomasz Tunguz

After I wrote a post on the health of the seed market during COVID , the Angellist team emailed me saying they observed different patterns in their early-stage data and offered to collaborate. This data set is unique because it records transacted deals on the Angellist platform. The first post highlighted a 40% reduction in seed investment in Q2 2020 and 42% increase in Series A investment, quarter over quarter.

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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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Mistakes I made as a first-time manager

Entrepreneurs' Organization

Contributed by Shawn Johal, business growth coach, leadership speaker and co-founder of DALS Lighting, Inc. He is also an active member of the Entrepreneurs’ Organization Montreal chapter. . “Anyone who has never made a mistake has never tried anything new.” –Albert Einstein. It’s almost hard to believe that I have been managing teams for more than 15 years.

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Case Study: The Dan River Region Ecosystem Development

Ecosystem Builder Hub

As with any movement, there comes a day when grand visions need to either remain that, or be executed on so that they may evolve to the next stage of development and maturation. We found one of those exemplary steps in southern Virginia where the Dan River Region Entrepreneur Ecosystem recognized the need for an ecosystem coordinator and rallied their stakeholders to hire the first entrepreneurial ecosystem builder for the region.

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Empowering millennials in Peru to take action volunteering

Young Leaders of the Americas Initiative

By Jewelle Saunders. Rosario Diaz Garavito, the founder of The Millennials Movement , didn’t look to be labeled as an entrepreneur and a leader in her community when she began her small social media movement promoting youth volunteerism in 2013. She was just focused on doing the work. The recognition of the impact of her hard work came years later when she was accepted for the YLAI Fellowship in 2016.

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Financing Document Forms

A VC: Musings of a VC in NYC

Many founders want to do SAFE note financings for their early rounds to save time and money. My response to that is “let’s do a priced round, we can use a standard financing form we both like, we won’t use a lawyer on our side, and we can close in a week.” The key to being able to do that is the availability of standard financing forms.

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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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A Thriving Family Business + How They Make It Work

Smart Hustle Magazine

A family owned and operated business is nothing new, but a family business managed by two parents and eight and children is pretty unique. Goat Milk Stuff. The business started with making soap, as it is a low barrier (much less difficult than food products) and the whole family could easily be involved in making and selling it. With eight kids, it was really important to get them all working within the business early on. .

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Month Zero Cash-on-Cash Payback - A Metric for Judging Sales Team Growth

Tomasz Tunguz

Rippling published their fundraising deck. Within it, Adil Syed, (a former Redpoint VC!), introduced a gem of a new metric : month zero cash-on-cash payback. It’s not a metric one sees very often in pitch decks. But it’s another metric to add to the toolkit. Month Zero Cash-on-Cash Payback is a mouthful. Let’s dub it ZCP for Zero Cash Payback to save us from the more evident but unwieldy MZCoCP.

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Keep in touch: Client outreach is critical during business slumps

Entrepreneurs' Organization

Is your business struggling due to the pandemic? You’re not alone. Around the globe, entrepreneurs are creating new ways to stay afloat —and that includes reaching out to clients and prospects in new ways. While business may be slow, client outreach must never slow. If you can keep customers engaged at times like these, you’ll earn even greater loyalty in the long term.

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Timing Is Everything: Angel Investing Success

The Seraf Compass

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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