April, 2016

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Leave Your White Guy Behind

This is going to be BIG.

Over the weekend, Rent the Runway held an event for its Project Entrepreneur initiative, which brought together over 100 female entrepreneurs looking to get education and advice on how to take their businesses to the next step. Unfortunately, one of the panelists, Skinny Girl vodka's Bethenny Frankel, told an African American founder in the audience that if she wanted to raise funding, that she should go out and hire a white guy to be the face of her business.

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Why Misunderstanding Startup Metrics Can Cost You Your Business

Both Sides of the Table

There has been a lot of public debate over the past several weeks about whether it’s a good thing to be “gross margin positive” or not and commentary always reminds me that some people at startups don’t quite understand financial metrics or even how to think about which ones are healthy. When I publicly Tweeted that all companies should be gross margin positive many people pointed out that Amazon wasn’t profitable for many years.

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10 Signs Your Company Needs a Business Accelerator Program

Entrepreneurs' Organization

By Lauren King, Director of the EO Accelerator Program. As someone who’s dedicated her career to helping small-scale entrepreneurs grow their businesses, I’ve heard many skeptics say a business accelerator program is just a cover for startups looking to increase capital. I disagree – after working with thousands of entrepreneurs from around the world who are putting in the hard work and time to reach the US$1 million mark, I see the importance of accelerator programs enabling businesspeople to r

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On the Road to Recap:

abovethecrowd.com

Why the Unicorn Financing Market Just Became Dangerous…For All Involved. In February of last year, Fortune magazine writers Erin Griffith and Dan Primack declared 2015 “ The Age of the Unicorns ” noting — “Fortune counts more than 80 startups that have been valued at $1 billion or more by venture capitalists.” By January of 2016, that number had ballooned to 229.

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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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There are Only 3 Pricing Strategies for Your Startup

Tomasz Tunguz

Pricing. Is there any word that confers some whisper of dark arts than pricing? Or any question that instills less confidence than, “How did you derive your pricing strategy?” Many times, startups replicate and tune competitors’ pricing strategies. If everyone else prices per seat, then so should we… Is this the right thought process?

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No Leading, No Guts, No Glory

This is going to be BIG.

I spoke to a new seed fund investor the other day and they told me they don't lead. I told them that was b t and they should, because founders need decisive investors who can be helpful, not ones that sit on the sidelines and outsource their decisions to other investors. They told me their fund wasn't big enough. B t. I led the $1.8mm seed investment in goTenna with $250k.

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The Importance of Teams and Why the Best Leaders Cultivate Them

Both Sides of the Table

I was watching my favorite show on TV this morning – GPS (Global Public Square) with Fareed Zakaria. It is a hugely compelling show because Zakaria covers world issues that will affect all of us in ways that are accessible and with frameworks for processing disparate information. He brings knowledgable experts from varying points of view but never books anybody that engages in yelling matches.

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What Does Social Entrepreneurship Look Like?

Entrepreneurs' Organization

This month, we’ll be engaging in an open dialogue that asks the question, “What does social entrepreneurship look like within our global EO community and beyond?” Many of our members already have dedicated their personal and professional lives to social entrepreneurship, filling social and environmental needs around the world. Here’s just one example – SPARK Schools, founded by EO Johannesburg members Stacey Brewer and Ryan Harrison, is changing the lives of student

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How to like people

Derek Sivers

(part of the “do this” directives ). 1. Assume it’s their last day. Everyone talks about living like it’s your last day on earth. Instead, to appreciate someone, live like it’s their last day on earth. Treat them accordingly. Try to fulfill their dreams for the day. Really listen to them. Learn from them. 2. Be who you’d be when alone. You could live in a crowd, pleasing only others.

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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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Inside-Outside-Bias in Startups

Tomasz Tunguz

Daniel Kahneman wrote about his experiences with the inside/outside bias. Kahneman, a team of graduate students, and the Dean of the Hebrew University School of Education collaborated on curriculum for judgment and decision-making for high schools. At one point, Kahneman surveyed his team to estimate the amount of time remaining to complete project.

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Leadership: Sell the dream; Make the reality.

Berkonomics

As a leader, you set the goals, establish the strategies and tactics to get there (with help from others of course) and sell the dream to all of your stakeholders. And that includes potential customers as well as executives and employees. Sometimes growth happens without a leader envisioning it, living it daily, evangelizing it to anyone who will listen.

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Selling a Vision or Blowing Smoke?

This is going to be BIG.

The other day, I sat in on a pitch practice with a company who, by all accounts, is the leader in its category. They are doing things no other company like it has been able to do, on relatively little capital compared to their peers. When they focus on sales, they crush it. When they focus on making product improvements, they make great strides. Consumer buzz in their market has been off the charts.

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How to Avoid Being Disrupted as a VC

Both Sides of the Table

My partner Greg Bettinelli (worth following on Twitter) was recently named by The LA Business Journal as the “ Top deal maker in Los Angeles in Venture Capital.” Numero uno. I was nowhere to be found. And that’s a true reflection of just how successful and prolific Greg has been in LA. In a world that is hyper competitive – even amongst VCs – I can honestly say that not only is the media recognition accurate but it is amongst the proudest days I’ve had in dev

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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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Starting a SPARK

Entrepreneurs' Organization

Sometimes all it takes is a little spark to start a revolution. Just ask Stacey Brewer and Ryan Harrison , EO Johannesburg members who are redefining the educational ecosystem in South Africa. In this special feature, the co-founders of SPARK Schools discuss the state of education in their home country, the far-reaching value of their hybrid learning model and how, through entrepreneurship, they’re changing lives, one student at a time.

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Clarity of Message: Why You Need A Great Message & How To Create It

For Entrepreneurs

Intro In the early stages of their business, founders often struggle to come up with really strong messaging to describe what they are selling, and this has a huge impact on their ability to raise money, find customers, and attract employees. This is not that surprising, as it can be really hard to arrive at.

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Party Rounds in Seeds - Just Getting Started or Has the Clock Struck Midnight?

Tomasz Tunguz

Party rounds symbolized the heyday of the startup seed market just a last year. Called parties because of the number of investors who collaboratively financed seed rounds of startups, the lists became almost comically long as seed sizes ballooned and investor syndicates swelled with them. Recently, I have heard from founders that they are less interested in party rounds, but does the data support the case?

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The Power of the glass half empty

Berkonomics

Dave’s note: This week we again welcome my co-author of “Get Scrappy” to give us some of her sage advice in only a way she could express it. You’ll enjoy her style and message… By Kim Shepherd. It’s great to get good reviews and hear positive feedback. positive is good. But negative is powerful. Don’t get me wrong: the glass is half full.

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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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Singing the counter-melody

Derek Sivers

My advice and opinions may sound strange on their own. Do you know what musical counterpoint is? Underneath the main melody, you have a counter-melody that goes against it, and together they make harmony. This is different from harmonizing, where someone sings along with the melody at an interval. The counter-melody is a separate melody that could stand on its own, but is mainly there to complement the main melody.

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Lead, Follow or Get the F**k Out of the Way

Both Sides of the Table

Lead — It’s hard to be a real leader. Decisions are never black or white, so most people fudge. The straddle middle grounds to keep everybody happy. They make compromises to try and hold together constituencies. On business decisions they want to hedge their bets so they do a little bit of everything but nothing extremely well. As highlighted by Brad Garlinghouse years ago in the famous “ peanut butter manifesto ”— it’s like spreading peanut butter evenly over a piece of bread.

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How Oekom’s Jacob Radloff Keeps Innovating

Entrepreneurs' Organization

Jacob Radloff is a serial entrepreneur and founder of Munich-based oekom research AG , a leading rating agency that has established environmental sustainability reporting in the global financial markets. Ashoka’s Felix Oldenburg caught up with Jacob recently to hear more about starting early, the challenges of growth and what it takes to keep innovating.

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The Team Slide: You Had Me At Hello

For Entrepreneurs

This is part of our series “Pitching to Investors” that shares real examples and practical advice from the Matrix General Partners on creating your pitch deck. See intro to the series here: Five Ways to Nail Your Pitch and Win Over Investors. Our goal in this series is to help entrepreneurs nail their pitch so.

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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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All New Ideas are Combinations of Old Ideas

Tomasz Tunguz

“All new ideas are combinations of old ideas, but not all idea combinations are created equal,” wrote Frans Johannsen. Mick Pearson designed the Eastgate office building in Harare, Zimbabwe based on techniques he observed termites employ to stabilize the internal temperature of their nests. Remarkably, the Eastgate maintains an ambient temperature between 73-78°F despite variances in external temperatures from 58° to 88°.

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The power of THREE – Solving critical issues

Berkonomics

Here’s a formula for success… Let’s say you have been told by your board, by your chairman, CEO, or direct leader to solve three problems you identify and report back within a month showing progress – or that you have solved these three. First, you’d worry that this is an artificial way to focus management. Why three? Why now? After a short moment, you’d turn into action mode, perhaps calling in senior staff for a brainstorming session.

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How to stop being rich and happy

Derek Sivers

(part of the “do this” directives ). 1. Prioritize lifestyle design. You’ve made it, so it’s all about you, now. Make your dreams come true. Shape your surroundings to please your every desire. Make your immediate gratification the most important thing. 2. Chase that comparison moment. You have the old thing. You want the new thing. Yes! Do it! Be happy for a week.

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Why on Earth Would Anybody Post Business Videos on Snapchat?

Both Sides of the Table

By now if you follow me on Twitter you probably know that I do near daily “Snapstorms” or a collection of short videos (usually < 5 mins in total) with entrepreneur advice on Snapchat. Here’s a recent one I did on Fund Raising in tough markets. You can follow me on Snapchat at msuster. Suster Doing a Snapstorm Honestly, it kind of drives people nuts that I do these on Snapchat and it makes me laugh a bit simply because it drives people bonkers. https://medium.com/media/fcbf3382017c6dc3792ff6

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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