November, 2016

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The Bad Advice Diverse Founders are Given Around Fundraising

This is going to be BIG.

I can't think of a single time when a white man came to pitch me and I told him his fundraising plans weren't aggressive enough. Yet this is a message I'm giving to women and people of color all the time. It's not that this latter group isn't aggressive enough--after all, they're ditching everything else they could to to start companies. Something else is at play.

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“You Can’t Be Serious”

Entrepreneurs' Organization

By Davide Frau, EO South Florida. It was midnight on a Saturday when my phone rang. It was one of my business partners, Barnabas Carrega. After the previous 72 hours—which were beyond grueling—I didn’t really feel like talking to anyone. That Thursday, we decided to pull the plug on our first promotional event set to take place during the Sony Open in Miami, Florida, USA.

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How do you focus your team for action?

Berkonomics

How do you get your team to focus and move forward effectively? A fellow CEO recently told me of her method of assuring positive movement within her team. She holds a weekly meeting of her direct reports, and asks them to find three important but actionable items for the group to work on if not complete during the following week. She claims that, by reducing the number of issues to three, her team is better able to devote mental and physical resources to a solution than if she allowed her meet

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How to Create Competitive Advantage for Your Startup with Proxy Metrics

Tomasz Tunguz

Imagine you’ve just been named the head of a bustling New York City restaurant challenged by one issue - customers complain about the customer service. A data-driven person, you search for a metric to evaluate the current customer service to validate the complaint and then track as you experiment with the restaurant’s operations. What metrics would you employ?

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State of AI in Sales & Marketing 2025

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.

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Why You Can’t Search for a Job From a Remote Location

Both Sides of the Table

I’ve had this conversation many times. A friend calls me up from: Boston, New York, Chicago, San Francisco, wherever and says, “I’m thinking about moving to Los Angeles (or SF, NY, etc) and I’d love to start interviewing. Let me know if you hear of anything interesting.” I usually slip into counsel mode and tell them it’s a lost cause unless they’re truly committed to living in that city and if they are they should move there first and job search second.

More Trending

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Did Facebook and Twitter Make Us Better or Worse in 2016?

This is going to be BIG.

Yesterday, I got caught up in letting my frustration over the election boil over onto Twitter, and it's definitely not the first time. It made me ask the following question: Were we better off in 2016 having Facebook and Twitter around? I talked about it with a few people. One brought up #blacklivesmatter and while I hope some important issues were highlighted, I really don't see these platforms bringing about positive change in the real world.

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How Internal Reflection Can Set You Up for External Success

Entrepreneurs' Organization

By Meghdad Abbaszadegan. My introduction to meditation was one of the most important moments in my life. I learned about a technique called “so-hum” by reading Deepak Chopra’s book “ The Spontaneous Fulfillment of Desire.” I was quickly hooked on the simple process of breathing and chanting. Before long, I had signed up for a 10-day silent meditation retreat.

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After 20 years: Updating the Berkus Method of valuation

Berkonomics

Well, it had to happen. Originally created in the mid 1990’s to help with the imprecise problem of how to value early stage companies, especially those in technology, I developed what soon became known as “The Berkus Method” when published in the popular book, “Winning Angels” by Harvard’s Amis and Stevenson with my permission in 2001. But a lot of time has passed since then.

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Trends in Early Stage SaaS Fundraising Market of 2016

Tomasz Tunguz

About $1B has been invested in early stage SaaS startups as of November 1. Over the last nine months, marketing startups have raised more dollars in aggregate than any other segment. The chart above shows the early-stage investment dollars by buyer within the organization. Operations teams following second, with human resources focused startups in third.

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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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Co-founder Equity Split: A New Framework to Objectively Divide Startup Ownership and Get Back to Building a Business

Gust

We’ve just released our free Co-founder Equity Split tool. It’ll give you a fair and objective recommendation about how to divide your startup’s ownership, so you and your co-founders will have a sensible, real starting point for this notoriously hard, crucially important conversation. Many startup founders find themselves lacking clarity and direction when it comes time to divide their.

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We are losing – Stand Up and Fight!

Thomas Grota

Just a reminder: Saying people are stupid because they voted for Brexit or Trump is achieving only.

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Proudly Investing in Businesses that *Get Better* as People Use Actually Them, Not Worse

This is going to be BIG.

Classpass is nothing short of phenomenon--and it's particularly noticeable to me because I passed on its seed round. In my defense, I passed when it was Classtivity, a completely different model focused searching for classes. Obviously, the pivot worked out for them. Still, it's a bit frustrating to see them end their "Unlimited" option to the chagrin of many of their users--just a few months after raising their prices.

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Four Ways to Disrupt your Industry

Entrepreneurs' Organization

By Jason Bangerter. Some oppose industry disruption – I embrace it. It’s true that sometimes disruption forces companies out of business, and thus forces people out of their jobs. But the innovative minds that cause change are what we, as entrepreneurs and consumers, should want. People that shake things up make their industries better, and give consumers what they want.

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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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Rinse and repeat: revitalizing your business

Berkonomics

Here’s a statement that you never thought would apply to your business planning. Sometimes we get stuck in the muck with our marketing, product, management focus, and in keeping up with trends. It is natural for executives and entrepreneurs with lots on their plate and little extra time – to just keep up the same activities that have made the company a success.

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What Percentage of Revenue Should SaaS Startups Spend on Payroll?

Tomasz Tunguz

What percentage of revenue should be spent on payroll? In 2001, Salesforce spent $35.6M on payroll and generated $5.4M in revenue. NetSuite spent $38M on payroll generated $17M in 2004. as both of these companies scaled and approached IPO, the operating expense ratio (OER) or operating expense divided by revenue, asymptotes to 0.8. For every dollar of revenue, both of these companies spent $0.80 in payroll at scale.

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Here are The Missing Positives of This Election

Both Sides of the Table

It’s hard to feel any positives these days: We’re in the eye of the storm. We’re at peak anxiety. Maximum rancor. We’ve already blocked family members on Facebook or unfollowed obnoxious people on Twitter. We’ve scratched our heads at how one of Silicon Valley’s brightest could back a candidate so overtly racist. And we’ve pulled out our hair trying to explain how the FBI Director could have decided to weigh-in / non-weigh-in to an election 11 days before voting with what turned out to be a whol

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"About Last Night." The note I just sent to my portfolio.

This is going to be BIG.

In 2008, I tried to fundraise for my startup the week that Lehman Brothers went under. You can imagine how well that worked out. Basically, VCs told us that they were going to wait and see how the election turned out--and things didn't really thaw out until the following September. Extreme uncertainty slows the VC market to a crawl--that's what I learned.

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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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Joi Ito’s Call to Become a “Now-ist”

Entrepreneurs' Organization

Joi Ito’s TED Talk from 2014 remains pertinent and valuable in 2016 – are you working too hard to predict the future of your industry, rather than working in the present and foregoing permission? According to Ito, this model (“deploy, or die”) holds much more possibility for your company. Highlighted points from this presentation: “What happened after the Internet was the cost of innovation went down so much because the cost of collaboration, the cost of distributio

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How to Strengthen Your Team by Getting Out of the Office

Entrepreneurs' Organization

This article was originally published on EO’s Inc.com column. More often than not, a stronger bond comes from taking the team to a new setting with different challenges–outside the office. We asked members of the Entrepreneurs’ Organization’s (EO) Boston and Nashville chapters to share what methods they’ve used to strengthen their teams outside of the office.

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Business Advice From Female Entrepreneurs

Entrepreneurs' Organization

By Jill Krasny. During November, we celebrated “Women’s Entrepreneurship Day.” Here are several pieces of advice for growing businesses from successful women entrepreneurs. Starting a small business is not easy. And starting a small business as a woman can be even tougher. Thankfully, “women-owned firms have increased as a share of total businesses over the years,” according to the Small Business Administration.

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Creating a Millennial-Friendly Workplace

Entrepreneurs' Organization

By Susan Michel, an EO New Jersey member, and the founder and CEO of Glen Eagle. The influx of Millennials into the workplace is providing today’s entrepreneur with a number of new challenges and opportunities. As you add more and more Millennials to your team, you need to be prepared to answer the question: Are you ready for a more participatory workforce with strong needs to both grow and contribute?

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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 Customer Support Experience of the Future

Tomasz Tunguz

A few weeks ago, I had my first customer support experience of the future. I was in a meeting when my Android’s caller ID told me American Express was calling. I stepped of the conference room and answered the call. A machine-generated woman’s voice identified itself as the American Express fraud department. “Do you have a bluetooth headset or headphones you can use with your phone?

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Task List Zero - When Inbox Zero Isn't Enough

Tomasz Tunguz

At my first programming job, I met a colleague who took all his notes in XML. He liked the fact he could structure them well, create programs to search and process them, and display them in many different ways. Most importantly, he future-proofed his notes. Because they were structured, he could transform his notes into any new format. That was my first exposure into the world of productivity hacking.

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How Personal Branding Saved Me from Myself

Entrepreneurs' Organization

By Peter Kozodoy, EO New York. Last year, I turned 30. That was depressing. For some reason, I didn’t take it well. More precisely, I actually sailed through my birthday without a problem. Oh, this isn’t so bad , I thought to myself. Then, two months later, I got really depressed. I just hadn’t achieved what I thought I would by this age. After a few years of triple-digit growth, my agency was stumbling.

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What is a Qualified Entrepreneur – and How to Know If You Are One

Entrepreneurs' Organization

By Randy H. Nelson. Jim Collins. When we hear his name we show our respect. He has written many best-selling and influential business books including Built to Last , Good to Great and Great by Choice. I love Jim’s books. I also have embraced his plea for those who truly want to succeed: Confront the brutal facts! The reality is the majority of entrepreneurs around the world fail.

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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.