May, 2016

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How I Invest

Both Sides of the Table

I was speaking recently to the team at NuOrder , an LA-based company we’re an investor in about “realism in startups” — an impromptu talk I have given to any of our portfolio companies who ask. During the Q&A I was asked about how I make investment decisions in early-stage businesses. I was asked again in an LP meeting later in the week and then again at a founder breakfast gathering we hosted yesterday.

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Know Thyself, Venture Capitalist: Thoughts on feeling open or closed.

This is going to be BIG.

It's very easy to think that there is a clear cut difference between the really great ideas and the really bad ones. You believe that no matter when you get pitched, you'll usually do a good job of telling the difference between the two. Sure, most of the really low chance of success stuff--things in unworkably small markets, unprepared founders, or ideas that lack a clear user value proposition--falls away pretty quickly.

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MyEO: Food, Fun and Future Entrepreneurs

Entrepreneurs' Organization

Giving back to the next generation of entrepreneurs has never been more rewarding. Just ask EO Philippines, who from 31 March to 3 April, held their MyEO Next Gen Bootcamp 2.0—entitled “Bizwars”—in Makati. In all, 43 participants representing two chapters (EO Philippines and EO Perth) came together to teach teenagers the importance of personal leadership, collaboration, innovation and nurturing the entrepreneurial spirit.

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Accelerator Investments Should Be Convertible Equity

Startup Lawyer

I previously wrote that accelerator documents should be easy. At the time, I thought accelerator documents should be easy primarily because of the potential adverse selection problem for the accelerator. In other words, the more difficult the terms or onboarding process (including the investment documents), the more likely the best startups would choose a different … Continue reading → The post Accelerator Investments Should Be Convertible Equity appeared first on Startup Lawyer.

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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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Hire “Jacks” (and “Jills”)

Berkonomics

Sometimes you need to hire a specialist already trained in a single narrow task. But for most of us, we’d do far better hiring someone who has proven from past experience to be a “jack of all trades” able to fill many positions, do many tasks, learn and perform in many situations. You’d be going against the grain of advice by many who state that trained, experienced new hires will benefit the organization, raise the level of enterprise expertise, and fit in and contribute immediately.

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Half Lives. Social Media. And Snapchat Stories.

Both Sides of the Table

I’ve been online for nearly 30 years (yes, there was CompuServe and Prodigy before the www), blogging for 10 and using social media tools since the earliest days. I love to watch networks evolve, see how crowds gather and communicate and curate and share. Twitter was the most unique social sharing platform that had emerged in my experience because it unintentionally innovated on a constraint of 140 characters (initially so that it could send messages as SMS, which it self had a size constraint).

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You tell me!

This is going to be BIG.

There's no possible way I can get up to speed on what a founder knows about their industry, plan, goals, or team, in just a few hours or even days. Hell, I could spend weeks on it and, hopefully, it wouldn't make a difference. You should know way more about this than I ever could. That's why the consistent theme among the very worst pitches I take are the ones where the entrepreneur asks me what I think--about everything.

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How to Condition Your Employees for Top Performance

Entrepreneurs' Organization

This article was originally published on Inc.com. Kim Ades is an EO Accelerator participant from Toronto and the president and founder of Frame of Mind Coaching , helping clients reach new levels of success in both their professional and personal lives. EO Accelerator, a program run by the Entrepreneurs’ Organization (EO) , enables early stage entrepreneurs to catapult their companies and empowers them with tools for aggressive business growth.

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Tech Wildcatters Pitch Day May 2016

Startup Lawyer

Tech Wildcatters, the original Dallas accelerator, is hosting their first pitch day of 2016 on May 26th at the House of Blues in Dallas. Here’s the streamlined agenda: 12:45pm — Accredited Investor Preview 1:30pm — Doors Open to General Public 2:15pm — Program/Pitches 3:30pm — Happy Hour It’s free to attend, but be sure to register … Continue reading → The post Tech Wildcatters Pitch Day May 2016 appeared first on Startup Lawyer.

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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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Micro–train; macro–manage

Berkonomics

Dave’s note: The week, we again welcome Kim Shepherd as our guest author, with her blunt, on-the-target style. As always, you should enjoy her insights for management… By Kim Shepherd. You have enough on your plate without having to hold your employees’ hands or peer over their shoulders. In fact, the ideal scenario is to follow Lee Iacocca’s strategy: “I hire people brighter than me and then I get out of their way.” Of course, in practice it’s not tha

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The Decentralization of Venture Capital

Tomasz Tunguz

To thrive, venture capital firms must perform three things well: raise capital from limited partners, source companies to invest in, and pick the best opportunities. Historically, each of these three activities has been highly centralized in a small partnership often perched on Sand Hill Road. But new networks are changing this. The latest called DAO attempts to decentralize all three at once.

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What is it Like to Wake Up and Have the Press Ready to Torpedo Your Business?

Both Sides of the Table

In case you missed it, the press yesterday ran several stories questioning the viability of a wireless charging company I invested in… Continue reading on Both Sides of the Table »

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Turning the Phone Down the Street into the Feet in the Store: My Investment in Radius8

This is going to be BIG.

Amazon is opening up retail locations. Think about that. The very behemoth that made bricks and mortar into dirty words thinks it's important to have a physical presence in a storefront. Makes you think about everyone trying to turn their digital presence into just another location, but in the cloud. Competing with Amazon online is a loser's bet that smart retailers can't afford to make.

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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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How to Strengthen Your Team by Getting Out of the Office

Entrepreneurs' Organization

Entrepreneurs are always looking for the special ingredient that will make their team work better. 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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Demystifying Churn: Measuring and Benchmarking this Metric

For Entrepreneurs

As every SaaS entrepreneur knows, churn is one of the single most important metrics in determining the day to day health of the business. Acquiring new customers is time and capital intensive, and this growth is meaningless if those customers do not stay. Despite the importance of this metric, measuring, tracking and benchmarking churn often.

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Work–life balance is now a cliché

Berkonomics

Dave’s Note: Our special guest author this week is Kelly Graham from Decision Toolbox, Inc. You’ll enjoy her take on one of the basic issues of our business-personal lives… By Kelly Graham. Finding work–life balance is one of the most abused clichés in business today. Why? Because there is no such thing as work–life balance in corporate America today.

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Start with the Premise that Everything is Noise

Tomasz Tunguz

We each know that focus is the most effective way to work, but hearing the mantra to focus doesn’t help narrow our scope. What’s the best way to focus? Start with the premise that everything is noise and then work to find the exceptionally valuable or important things for each day and for each project. That’s the thesis of a book called Essentialism.

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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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Why Solving Big Food & Healthcare Problems Will Yield Spectacular Companies

Both Sides of the Table

I’ve spoken before about our desire at Upfront Ventures to fund really big ideas that solve hard problems, are science led and if successful will both have a positive effect on people’s lives as well as make great financial returns. We’re not Pollyannaish about this. We believe that it is incrementally harder to differentiate on simple Internet products or mobile apps and while great companies are built doing this, our goal as a fund is to try and fund things that can be 100x returns if they wor

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The Trouble with Venture Capital Data

This is going to be BIG.

There aren't many people who get the chance to analyze venture capital fund return data. You'd have to work for a very limited number of fund performance tracking firms, like Thomson Reuters, Cambridge, etc., or be an institution big enough to see a ton of different funds over time. So when someone gets access to a dataset, no matter how incomplete, it's no surprise they'll rush into making lots of declarative statements about how the asset class performs without even a reasonable gut check.

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EO GSEA Winner Champions Sanitation

Entrepreneurs' Organization

Ludwick Marishane won the EO GSEA Global Finals in 2011. Here is his TED Talk, “ A Bath Without Water ,” from 2012 in Johannesburg, along with a transcription. So I grew up in Limpopo, on the border of Limpopo and Mpumalanga, a little town called Motetema. Water and electricity supply are as unpredictable as the weather, and growing up in these tough situations, at the age of 17, I was relaxing with a couple of friends of mine in winter, and we were sunbathing.

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Moving Beyond Job Creation

Surdna Foundation

Since the end of the Great Recession, almost 12 million jobs have been created — but most have been in low-wageoccupations and at places like strip malls and fast-food restaurants. Average wages for working Americans have dropped 23 percent. It’s become clear that job creation does not equate to lasting economic change. In order to reverse the troubling trends we’re seeing, we no longer find it defensible to focus on job creation alone.

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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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Work on your three levels of leadership

Berkonomics

Another leadership development bit? Yup. But if you have no time or are impatient, here are the three levels: visionary, strategic and tactical. Skip or stay, but think about your balance in leadership either way. As a leader, you have to worry over issues from mundane to strategic, constantly reordering your priorities to accommodate competing needs.

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The Rising Importance of Reseller Channels in SaaS

Tomasz Tunguz

The notion of channel sales in SaaS companies is becoming more common than in has been in the last few years, and for some businesses like Intacct, channel partnerships drive more than 50% of sales. Channels used to be about software customization, delivery and support. Most SaaS has little customization, manages all the delivery and are better suited to handling the support.

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Getting Your Series A Mojo Back

Both Sides of the Table

You Need to Find Your Mojo A Chip On Your Shoulder A few years ago I wrote a blog post on entrepreneurs with a chip on their shoulders. I think it’s an important read. A chip on one’s shoulder as in, “F**k the system, it’s broken and I want to fix it” is exactly the energy I look for in entrepreneurs. My internal compass says that “country-club” entrepreneurs struggle to make as big of an impact because it’s really hard to totally change a system that you’re part of and have a vested interest in

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Winning and Losing

This is going to be BIG.

Most of life isn't clear victories or losses. It's something in the middle. It moves forward, or sometimes sits still, but, for most of us, it's never really that terrible or fantastic. And even when it is terrible, it's not the end of the world, and when it's fantastic it's not exactly perfect. That's why it's really hard to see someone's truest self.

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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