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Occasionally on this blog I break away from industry commentary and write more broadly. The first day of 2012 seems the perfect day to do so. One of the most important articles I read during the entire year was David Brook’s op-ed article on “ The Haimish Line.” In it Brooks talks about his recent trip to Africa with his 12-year-old son.
Tweet. I am ecstatic to announce the creation of Brooklyn Bridge Ventures --my new seed investment fund. It is the first venture capital fund based in Brooklyn--the city’s most exciting and creative borough. It is home to cool startups like Etsy, Makerbot, Pontiflex, HowAboutWe, Energyhub, and Loosecubes. Gilt Groupe maintains a significant presence there, as does scores of creative agencies and design firms.
Given that 2011 is already behind us, I’d like to take a brief time-out from the usual legal and financial wonkery to wish you and your loved ones a Happy New Year. Many thanks to David Rose , Ilana Grossman , Justin Stanwix , and the whole Gust team for making the Gust Blog such a valuable platform and resource for entrepreneurs and angel investors.
Professional investors want to live by this rule. With the first round of funding, there should be milestones to be achieved. If they are not achieved within the expected time, the reasons must be analyzed and acted upon to avoid loss of capital beyond plan or expectation. And if the vision of the entrepreneur is flawed, or the product impossible to create within cost and time expectations, or the demand impossible to quantify, or revenues never close to plan, then it is time to rethink the pla
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
[Follow Me on Twitter] Each January, being the season of New Year’s resolutions, it is common to find people you know discussing the pros and cons of various dietary pursuits. Individuals across the globe are eager to turn over a new leaf, get on a new bandwagon, make a new start. Yet, even with a strong will, its not at all obvious what the [.].
Tweet. I haven’t spent much time talking about SOPA and PIPA , the two twin bills trying to make their way through Congress right now. When I saw folks like Fred Wilson, who has a much bigger reach than I do, and all the major internet companies lining up against it, it’s easy to think, “Well, what more can I do to add to the volume… they’ve got it covered.
Tweet. I haven’t spent much time talking about SOPA and PIPA , the two twin bills trying to make their way through Congress right now. When I saw folks like Fred Wilson, who has a much bigger reach than I do, and all the major internet companies lining up against it, it’s easy to think, “Well, what more can I do to add to the volume… they’ve got it covered.
Fred Wilson wrote two posts in 2010 that were very influential with the startup community. The titles were: Mobile First, Web Second. Mobile First, Web Second (continued). If you’re in the minority that never read them – you should. I know that they really impacted an entire cohort of startups because every company that was coming to pitch me businesses was (is) saying, “I’m a ‘mobile first’ company.” Part of the beauty of blogging that in two sittings F
Over the holiday I became aware of a new tech blog that aims to have deep insights into the next generation of technology, which they call The Hypernet. Why should you care? Well, it is established by some of the industries more successful investors – Mike Maples and Roger McNamee. My favorite post was this one (image above) in which they talked about their 10 hypothesis for technology investing.
I was listening to a sports call-in show the other morning and the host made an interesting point. In the NFL, the coaches pick the players. In college, the players pick the coaches. He tried to generalize and say that's why all the college coaches are the fresh-faced energetic types and why the NFL coaches look like they've been doing nothing but pouring over video at a desk for 90 hours a week with coffee and a donut.
The U.S. Securities Exchange Act of 1934, section 12(g), generally limits a privately held company to fewer than 500 shareholders. The assumption has been that companies with 500 investors are quasi-public anyway, and for disclosure and other reasons should be forced to go public when the shareholder number approaches this limit. Since the IPO market has been in the doldrums for most of the past decade, high-profile private companies have chosen (or been forced) to stay private while raising hug
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?
Entrepreneurs: if you’re looking seriously at angel investment, and you have the kind of product-market fit and management experience investors will like, you need to take a good look at convertible notes. Do yourself and the investors you want to talk to a favor: take a few minutes and do some homework on this issue. I’d suggest you start with Fred Wilson’s Financing Options: Convertible Debt , one of his MBA Mondays series on his AVC blog.
The dictionary definition of a mentor is “an experienced and trusted advisor,” or “leader, tutor or coach.” The definition of a critic sounds similar, “a person who offers reasoned judgment or analysis.” The big difference, of course, is that a mentor looks ahead to help you, while a critic looks backward to tell you what you did wrong. We can all learn from both of these approaches, but in my view the mentor is far more valuable than a critic.
1) An investor is taking a meeting with you to confirm or deny a hypothesis they undoubtedly already have about your business. Find out what those are right off the bat by saying something like, "Based on what you know, what interests you about what we're doing so far and what are some of the concerns I can address?" No sense going on and on about the market if being excited about your market is why I asked you to meet me in the first place. 2) Investors will jump around no matter what order you
"Sometimes you’re ahead, sometimes you’re behind…the race is long, and in the end, it’s only with yourself." - Baz Luhrmann, Everybody's Free (To Wear Sunscreen). Jordan Williamson, the Stanford kicker who missed three field goals in the Fiesta Bowl, will wake up today and feel like crap. Tomorrow, he'll wake up and still feel like crap, but a little less. and a little less the day after that, and less the day after that.
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.
Fifty years ago this year, the New York City Board of Estimate voted down Robert Moses ' plan to build a ten-lane elevated highway across lower Manhattan--leveling fourteen blocks along Broome Street in Little Italy and what is now SoHo, as well as the West Village. Jane Jacobs , a community activist, led the community resistance to the highway. When it was turned down, Assemblyman Louis DeSalvio said in a speech: "Except for one old man [reference to Robert Moses ], I’ve been unable to fi
The other day, a guy I met was raving about the idea behind Loosecubes. He's always looking for random desks and conference rooms and so booking them on the fly like AirBnB seemed like a great idea to him. He put in a request for a space but didn't hear back right away. This wasn't all that surprising, because it's a relatively new community and I'm sure people aren't getting requests everyday from it yet.
Yes, this is a takeoff from Frank Sinatra’s song, where he did it his way and got away with it. You’re building a company from your vision and a passion, and lots of people are going to tell you that you have this or that wrong, and that it just won’t work. The truth is that very, very few early business plans survive in a form completely recognizable when looking back a few years.
Raising money is hard. And when you’re relatively new to the process it’s easy to be confused by the process. There is all sorts of advice on the Internet about how to raise capital. Of course much of it is conflicting. I’ve raised money as a “hot company” and I’ve raised capital when no one would return my phone calls.
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.
What if you are the seller of a previous business or shares amounting to more than an insignificant percentage of a previous business? Certainly the buyer’s asset purchase documents included a non-compete clause, usually valid for two years from the date of the closing. And because there was consideration paid to you in the sale, that clause is binding upon you and is effective almost everywhere.
Entrepreneurs tend to remain in the business arena they came from. Some are alumni from companies that would be a competitor to the enterprise being created or joined. And some are former selling shareholders of just those businesses. What is the rule about those pesky non-compete agreements signed upon discharge or sale of the previous company? The good news is that if you were not a significant (usually 5% or more) selling shareholder of a previous company, many states specifically exempt n
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