January, 2019

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Cision acquires TrendKite (Dreamit 2013) for $225 million

Dream It

Global PR powerhouse Cision announced today that it is acquiring Dreamit alum TrendKite in a deal valuing the startup at $225 million. TrendKite’s suite of analytics tools uses artificial intelligence to help brands monitor and measure their PR efforts. With Trendkite, brand marketers can understand how their earned media and communications marketing efforts affect corporate reputation, website traffic, revenue growth, and other business outcomes.

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Sevens Don't Get Funded

This is going to be BIG.

Ask any VC how excited on a scale of one to ten they are about their latest deal, and they’ll tell you eleven out of ten. Veterans will probably be a little more cautious and tell you they’re at a ten out of ten—but despite knowing all the risks, a VC simply isn’t going to get over the line unless they’re pretty blown away by an idea. That’s because of the simple math of competition.

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Innovator Spotlight: Katie Kollhoff of NUMiX Materials

Venture Well

For Kollhoff, getting comfortable with discomfort has become a valuable survival skill. The post Innovator Spotlight: Katie Kollhoff of NUMiX Materials appeared first on VentureWell.

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Profile of a Young Entrepreneur: It’s All About Choice

Entrepreneurs' Organization

Costa Vasili’s story is similar to the stories of many other young entrepreneurs. What sets him apart? Success. With the help of the EO Accelerator program for early-stage entrepreneurs, Costa is running a values-driven translation business that aims to make a difference in the world. . Costa Vasili is a son of migrant parents. His father, who was born in Cyprus, moved to Australia at 13 years old.

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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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What We Can Learn from the Biggest Tech Policy Mistakes of 2018

Revolution

2018 was a year filled with plenty of news to remind us of the importance of policy in the world of innovation. While much of the recent focus has been on Big Tech, it is becoming increasingly clear that more and more innovators, including startups, will need to think about policy implications as they grow and scale. In what I’ve called The Third Wave , the Internet will become ubiquitous and transform industries that are part of our everyday life including health care, transportation, education

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New Global Survey: Everything You Wanted to Know About Coworking

Deskmag

How many people plan to open a coworking space in the future? What kind of people use coworking spaces and what is important to them? How many spaces are profitable? Knowing the answers to such questions helps us better understand the coworking movement and ensure sustainable growth. Good news - we publish the answers every year as part of the Global Coworking Survey in a variety of reports.

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FundersClub Portfolio Follow-On Rounds Update - Q4 2018

FundersClub

We'd like to congratulate FundersClub portfolio companies on their ongoing progress, as well as to welcome aboard their new VC investor partners. Selected recent FundersClub portfolio company follow-on rounds: Coinbase announced its $300M Series E, led by Tiger Global, at a pre-money of $8B. Coinbase is a category-leading blockchain company. We invested at Seed, Series A, Series D, and Series E.

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How Much ARR Can a CSM Manage?

Tomasz Tunguz

How much can a customer success manager manage? I’d heard the wisdom of $1-2M in ARR per year and around 80 accounts. But I hadn’t come across any data. Last summer, Gainsight posted the results of their survey on the topic. The truth is most CSMs manage between $2-5M in ARR and somewhere between 10-500 accounts. But it varies by segment.

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A Bold Purpose: Enabling Other Women to Succeed

Entrepreneurs' Organization

Adi Zuk is an Entrepreneurs’ Organization (EO) member in Cape Town, South Africa, and co-founder of Oya Venture , which aims to broaden the imprint of women entrepreneurs in Africa by facilitating the growth of women-owned businesses that empower others. Adi is one of the EO member leaders who spoke to an audience of global women entrepreneurs at the 2018 MyEO Women of EO Summit in Napa, California.

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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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Why Revolution is Investing in TemperPack

Revolution

Over the years, many of Revolution’s investments such as Zipcar, Sweetgreen, and Optoro have experienced explosive growth brought about by their ability to develop sustainable alternatives to problems consumers and businesses were facing in sectors like transportation, food, and e-commerce. Since we made those investments, consumers have become even more aware of their environmental impact and are embracing more sustainable lifestyles.

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Deal Opacity

Haystack

When I moved back to the Bay Area in early 2011, the technology and startup sector didn’t feel as big or expansive as it does today. In that time, Twitter was just getting its sea legs, the Quora private beta was one of the hottest tickets in town, and TechCrunch was the de facto powerhouse in tech/startup media attention. During this time, when we didn’t really understand the stakes of what technology would hold for us all, it was relatively easy to know the investments made by the top VC funds

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The World's Library of Coworking Research Is Now Online

Deskmag

Ever wondered what happens to all those student surveys, research papers and reports, PhD theses and books on the coworking sector? The Coworking Library runs a free and searchable interdisciplinary open online database gathering abstracts and other information about all the coworking research that has ever been published.

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What would you do if told to “fail fast?”

Berkonomics

Here’s a question that should strike close to home. Professional investors like to quote this mantra to anyone who will listen. “Fail fast,” they say. But what if you believe so strongly in your budding enterprise that this seems to be the most ill-advised directive you’ve ever heard? So here are some rules that might make it clearer for you and for those who so easily quote the mantra.

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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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What Makes a Great Leader?

Tomasz Tunguz

It’s very difficult question to answer. How do you judge a leader? Is it financial success? The loyalty they engender? Their ability to inspire? There are war-time leaders and peace-time leaders. Leaders may be understated or zealous. I’m not sure we’ll ever be able to say definitively what constitutes a great leader. Regardless, we all want to improve our ability to lead, whether it’s a small team or a Fortune 500.

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10 Women Entrepreneurs Who Have Inspired Me—and Will Inspire You!

Entrepreneurs' Organization

By Violet Lim, CEO and Co-Founder at Lunch Actually Group. A version of this article originally appeared on Violet’s LinkedIn blog. Violet is a member of EO Singapore. The transition from one year to another seems like a perfect time to say thank you to these 10 women entrepreneurs whom I have had the pleasure of meeting and learning from. These are women who have fought against all odds, made a mark in the business world and crafted their own brands of leadership.

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New Year, New Job

Revolution

Revolution portfolio companies are hiring all over the country. The new year is the perfect time to take on new challenges and pursue new opportunities. And while conventional wisdom suggests that to work in an innovative and cutting-edge environment you had to move to places like San Francisco or New York City, Revolution-backed companies are proving that some of the country’s most interesting and successful are based in other cities.

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Fund Investing Versus Fund Management

Haystack

When I started out investing (via a fund — not my money), I was just investing based on a simple schedule: About once a month, invest $25K into one company I liked. Pretty easy. Over the years, that check size grew slowly to $50K, then a few $100Ks, and I followed-on into a few at the $250K level, with two outsized pile-ins at $400K and $600K total exposure, respectively.

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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 2019 Top Coworking Events

Deskmag

Not sure what coworking industry events you would like to attend in 2019? Learn from failures or get inspired by success stories and enjoy the Indian cuisine in Goa. Discover the latest market trends in Denver's old opera house and explore the surrounding Rocky Mountains. Study how coworking spaces are financed and become sustainable in Gdansk or Alicante and widen your horizon at the sea.

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What would you do if told to “fail fast?”

Berkonomics

Here’s a question that should strike close to home. Professional investors like to quote this mantra to anyone who will listen. “Fail fast,” they say. But what if you believe so strongly in your budding enterprise that this seems to be the most ill-advised directive you’ve ever heard? So here are some rules that might make it clearer for you and for those who so easily quote the mantra.

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The AI Agency - A Novel GTM for Machine Learning SaaS Startups

Tomasz Tunguz

In 2015, I wrote about the trade-off facing vertical SaaS companies. Vertical SaaS companies focus their efforts on a particular group of customers. Procore targets construction with their software and Veeva targets pharmaceuticals with their CRM. This concentration limits the market size, but improves product market fit. Both of those businesses are now worth more than $3B.

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Why Every Established Entrepreneur Should Be a Mentor

Entrepreneurs' Organization

Have you ever had a business mentor? If you have—and your experience was positive—then you understand how much you can gain from regular contact with someone who has been where you’d like to go. Now, have you ever thought about mentorship from the flip side? Most mentors say they get as much from the experience as their mentee does. In fact, some say it helps them build their leadership skills or emotional intelligence.

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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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The Pace of Social Change and What it Means for the Legalization of Cannabis

Fink About It

One of my favorite slides in my investor deck is titled “The Pace of Social Change” which features a great graphic from Bloomberg, that is pictured above in edited form. While it’s common knowledge that government policy follows public opinion, it’s also often the case that federal laws don’t change until the states themselves [.].

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Bites At The Apple, Sharpshooting, And Shots On Goal

Haystack

More often than not, I believe it is largely impossible to predict the shape of an outcome when making an initial venture investment. Investors, of course, will conduct significant due diligence, investigate sources, study trends and the competition — and much more. But, at the end of the day, the future is unknown and needs to unfurl naturally.

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Ben Franklin Grew Pa.’s Economy by $4.1 Billion, Created 11,407 Jobs from 2012 to 2016: Challenges remain because of state funding shortfalls

Ben Franklin Technology Partners

STATE COLLEGE, Pa. (Jan. 9, 2019) — With a focus on startups and innovation, Ben Franklin Technology Partners (BFTP) remains a powerful job creation and high-tech economic development engine for Pennsylvania, according to the latest independent economic analysis of the organization. But state funding shortfalls are starting to curtail the partners’ ability to fund companies appropriately, creating missed opportunities.

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Investors, your board, and you: Who controls strategy?

Berkonomics

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. Business plans rarely survive market contact. The truth is that very, very few early business plans survive in a form completely recognizable when looking back a few years. But even with massive changes, the vision and passion usually don’t diminish in the process of morphing a business plan into a profitable business.

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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