December, 2013

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How DogVacay Literally Saved my Thanksgiving

Both Sides of the Table

'Without DogVacay my Thanksgiving would have been ruined. That’s a fact. And I’m not an investor. I just had to tell this story. It’s a great one about entrepreneurship, friendship and the collaborative economy that is helping families in need across the world. The Background. Every year my family meets in San Diego for Thanksgiving.

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Paul Graham and The World Out There

This is going to be BIG.

'There is a controversial interview with Paul Graham floating around and I''m left to wonder why we''re still paying attention to guys like him. He is accused by people of being, at best, oblivious and at worst, sexist. I''ve never sat down with the guy, so I can''t speak to that, but I''m tired of hearing about the same voices over and over again when I''m not even sure they''re relevant.

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10 Startup Shortcuts That Will Be Back To Haunt You

Gust

'Image via HealthyBodyLife.com. I’ve been advising and mentoring startups and growth companies for years, and find myself always pushing them to try something new, for the sake of growth and survival. When you try new things, you make mistakes, and I’ve seen many. Smart companies learn from their own mistakes, but some don’t pay enough attention to other people’s mistakes.

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Could you answer these tough investor questions?

Berkonomics

' By: Arthur Lipper. In the process of raising funds to create and develop a business, entrepreneurs make many statements to those they seek to attract as investors. In my years of investing, I’ve developed a set of tough questions that are sure to elicit both information and a vibrant dialog – questions not on the usual checklists of angel groups or investors.

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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A 47 Year Old Prediction Comes True

Tomasz Tunguz

On January 8, 1966, the New Yorker profiled Buckminster Fuller for the first time. During a trip to a Maine island with the journalist Calvin Tomkins, Fuller said something tremendously prescient: Fuller proposed a worldwide technological revolution…[that] would take place quite independently of politics or ideology; it would be carried out by what he calls “comprehensive designers” who would coordinate resources and technology on a world scale for the benefit of all mankind,

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DataSift Announces Mega-Round. Apple Buys Topsy for $200 Million. Here’s What You Need to Know

Both Sides of the Table

'I’m super proud to announce that DataSift has just completed a $42 million financing round coming at the end of a year where its revenue grew several hundred percent year-over-year. Considering our revenue is SaaS revenue this achievement is even more remarkable. The timing of the announcement of this investment couldn’t have been timed more perfectly if we tried.

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Thinking About the Next Chief Digital Officer of New York City

This is going to be BIG.

'When governments go through leadership changes, it is generally expected that their whole staff gets replaced. It''s a bit weird to comprehend for those on the outside. When a new CEO for a company is hired, you might change out a few people, but you wouldn''t replace all the key folks. The turnover would be detrimental to company culture. Same goes for a baseball team.

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The Smartest Entrepreneurs Bootstrap Their Startup

Gust

'Image via niaje.com and www.yec.co. There is so much written these days about how to attract investors that most entrepreneurs “assume” they need funding, and don’t even consider a plan for “bootstrapping,” or self-financing their startup. Yet, according to many sources , over 90 percent of all businesses are started and grown with no equity financing, and many others would have been better off without it.

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Include your labor value in your plan.

Berkonomics

'Investors love it when entrepreneurs draw little or no money from their startups. It extends the cash available for research and other necessary fixed costs and gives the fragile, young company more “runway” to get to breakeven. But when forecasting the ultimate viability of a business, many times an entrepreneurial founder uses a low, unsustainable salary rate for him or herself in order to show early breakeven.

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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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Using Price & Demand Curves to Inform Startup Product Roadmaps

Tomasz Tunguz

The traditional theoretical price demand curve is often drawn like this. The chart makes two points: there is some relationship between price and demand / revenue opportunity, and customer segments underpin that relationship. Each segment demands different products to satisfy different needs and presents a different revenue/profit opportunity. Even if the details are very hazy, price demand curves are useful tools to inform product strategy and prioritization.

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Pinpointing Problems Worth Solving (Part One of Three)

Fink About It

Finding a good problem to solve with a startup can be like finding a needle in a haystack. “Haystack. End of Summer” Claude Monet One of my favorite blog posts is Paul Graham’s How to get startup ideas. Paul is one of my top-five bloggers, along with Marc Suster, Ben Horowitz, Nir Eyal, and of course [.]. The post Pinpointing Problems Worth Solving (Part One of Three) appeared first on Fink About It.

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How to Shorten Your Sales Cycle and Avoid Wasting Time

Both Sides of the Table

'One of the questions I’m most often asked by CEOs is how to hire sales people. I’ve written a lot about recruiting and hiring at startups including my controversial post on whom not to hire and my rapid response to the flame war. I’ve also written extensively on sales and on which sales execs to hire and how to think about the different kinds of sales leaders.

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The Return of Play

This is going to be BIG.

'If I was going to start a venture capital fund around a theme, I''d pick something a little different. Forget Enterprise, or Mobile. It wouldn''t be "networks" or any other standard classification of startup. No geographic focus. I''d start a fund around "Play". Play, it seems, is making a huge run and should be positioned for success for a long time.

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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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7 Questions Test Entrepreneur Focus Before Funding

Gust

'Image via Entrepreneur.com. The first question most people seem to ask when contemplating a new startup is where they will get investor money. That’s certainly a valid question, but all the money in the world won’t make your business work if you don’t have a plan to use it, or hate what you are doing. I suggest that there are several important questions before assuming that funding is the gate to your success.

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Accurate assumptions lead to defendable plans

Berkonomics

'The biggest error in planning may not be spreadsheet calculation error. Or cost estimation. It is most often missed assumptions about the market, the competition, the speed of adoption, or other critical metrics you’ve researched, or selected, or even just guessed at to create your plan. Where did you get the data to drive your assumptions of market size or market share?

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The 10 Most Important Metrics in a Startup's Financial Statements

Tomasz Tunguz

Financial statements are a Rosetta Stone for startups. They reveal the strategies and the tactics of how to bring a product to market. These are the ten metrics I look at when sifting through a startup’s operational model, whether when considering an investment or in a board meeting. Revenue growth indicates how quickly a company can grow under the current way of doing business.

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Jac Holzman

Derek Sivers

I met Jac Holzman the same day I met Bill Gates, but Jac made a much bigger impression, and he’s been my friend and mentor ever since. Jac Holzman is a living legend. He founded Elektra Records in 1950. (Yeah! 1950! Let that soak in a minute. That’s years before rock music was even invented!) He signed artists like The Doors, Carly Simon, Harry Chapin, and Judy Collins to their first record deal.

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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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Why You’re Not Getting the Most out of Your Board

Both Sides of the Table

'Most board meetings are “update meetings” where management downloads its status to a group of investors. These outside board members spend most of the board meeting trying to reacquaint themselves with the company’s business and critical issues. This is hardly ideal and some simple changes could help management avoid both issues.

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Why Floored is Awesome, and Not Just for the Real Estate Industry

This is going to be BIG.

'The other day, I looked at some real estate space on behalf of one of my portfolio companies. The owner sent me this. Maybe I just don''t have enough imagination or lack of the requisite architecture degree. At least it''s better than showing an actual picture of what the office looks like now, after the last tenant trashed the place on their way out.

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Corporate Perks Will Doom Your Entrepreneur Dreams

Gust

'Image via ExecutiveSky.ch. I hear many executives and professionals in large corporations talking about their dream of jumping ship, and starting their own company. What they don’t realize is that the longer they wait, the more big-company habits they are acquiring, which will make their eventual decision harder and entrepreneurial efforts less and less likely to succeed.

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Five Keys to Our Long Term Survival

Berkonomics

'Guest Post by William Fisher. Dave’s Note: William Fisher is CEO of Quicksilver Software, a software and Internet game development company in Southern California. Bill has survived multiple cycles in the game industry, and writes here his thoughts about his longevity in a volatile niche. I think the number one factor in my endurance is building strong relationships with members of my team, so that they are supportive when things go badly, as they sometimes do in this 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

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How Much Does It Cost to Take Your Startup Public?

Tomasz Tunguz

Raising money for a startup is expensive. The typical legal fees for a Series A are about 1% of the total money raised: roughly $40k on $4M. Of course, this doesn’t factor in the time for the process and the dilution of the investment. But if your startup is considering an IPO be prepared to pay eight times as much in fees. Across 360 venture backed technology IPOs in the last 10+ years which on average raised $107M, 8.8% of the dollars the startup raises in the initial public offering is

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Why am I here?

Derek Sivers

Looking around the room. “Why am I here?”. It’s a useful question to ask often. Either it will re-focus your reasons for being where you are, or it will make you realize your reasons have expired and you should be somewhere else. In a little apartment in Singapore, I ask it again. “Why am I here?”. Because of the brilliant and fascinating people here.

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How to Control Your Board Discussion and Avoid Chaos

Both Sides of the Table

'Recently I wrote the first post in a series on board meetings, entitled, “ Why You’re Not Getting the Most out of Your Board ,” which focused on the need to prepare properly, set good objectives and discuss mostly strategic topics. Even if you follow this game plan meticulously your board meeting can be taken off course by well-intentioned board members who lead you down a rate hole.

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Disrupting the Whole Damn Thing

This is going to be BIG.

'Last night, I went to go see Dallas Buyers Club. It''s a very powerful movie. Whether it''s accurate or not, is debatable , but it''s theme is something that resonated with me. We, as a society, put in place structures like government and big corporations largely as an organizational efficiency. By pooling our resources and centralizing control, theoretically, we can more effectively do things like police neighborhoods, manufacture things and defend our borders.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l