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Contributed by Alexis Maness, contributing editor at 365businesstips.com. Nearly 100,000 businesses have permanently closed due to COVID-19. And with no end in sight for returning to business as usual, that number can be intimidating to anyone who’s considering opening their own business or entrepreneurs hoping to survive the next year.
Not everyone has the drive to start their own business. Even deciding to press ahead and take that risk is a massive first step, and one to be applauded. We need that entrepreneurial spirit and mindset in the world in order for innovative new businesses to emerge. However, it’s important to take things slowly and wisely. You need to consider all of the steps that need to be taken to open a business.
I was talking to a group of education entrepreneurs (on Zoom naturally) last week and was advocating for the “direct to learner” approach that defines our eduction investing strategy at USV. For the most part, we do not like to back companies that sell learning tools to educational institutions. We like to back companies that use software to go directly to learners, wherever they may be.
Identifying the U.S. patent gap can help dismantle barriers to invention faced by underrepresented groups and expand the country’s pool of innovators. The post what the patent gap tells us about diversity in innovation appeared first on VentureWell. Inclusive entrepreneurship intellectual property
There’s a lot of excitement going on this weekend—and while many of my readers are undoubtedly excited about a new President, and our first female Vice-President, undoubtedly even more people are just breathing a sigh of relief. No matter what side of the aisle you’re on, you had to be routing for a peaceful end to the election season—or even just an end.
A new survey finds that health system leaders are actively seeking new commercial relationships with startups regardless of when “normal” returns but startup success hinges on not only addressing solutions that are on health systems' shortlist but also data supporting a clear ROI. Dreamit Ventures and MedCityNews teamed up to get a pulse on the current appetite for innovation at large health systems across the United States.
A new survey finds that health system leaders are actively seeking new commercial relationships with startups regardless of when “normal” returns but startup success hinges on not only addressing solutions that are on health systems' shortlist but also data supporting a clear ROI. Dreamit Ventures and MedCityNews teamed up to get a pulse on the current appetite for innovation at large health systems across the United States.
At EO, we celebrate entrepreneurs every day. But with Women’s Entrepreneurship Day taking place this week, we’re directing our applause to all the entrepreneurs who are women! What better way to recognize these hard-working innovators than by showcasing female founders who have been featured on EO’s Wonder podcast ? Host and EO member Kalika Yap launched the podcast as a way to share stories that empower women entrepreneurs to change the world.
We have written quite a bit about the importance of a thorough, professional due diligence process. These best practices apply equally to both traditional early stage investing and impact-oriented investment opportunities. However, impact investing brings additional considerations to the diligence process. . To assist impact investors in building a comprehensive due diligence process, we have developed a model impact due diligence checklist.
There are many ways to invest successfully. Public stocks, bonds, private equity, real estate, venture capital, etc. And within each category, there are so many different investment opportunities. In public stocks, there are something like 5,000 listed stocks in the US. In venture capital, there were something like 30,000 companies that raised venture capital in 2019.
Creating inclusive spaces and building confidence are twin strategies that can help bridge participation gaps in STEM innovation and entrepreneurship programs. The post advancing equity in innovation and entrepreneurship: creating inclusive spaces and building confidence appeared first on VentureWell.
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?
At Brooklyn Bridge Ventures, we put on a lot of events , with many different speakers. Sometimes, the speaker is doing something like this in public for the first time, so I thought I’d take the time to share some of what we’ve learned from the best talks, and what I’ve picked up from doing a lot of public speaking myself. (BTW… I’m always happy to come give a talk, join a diverse panel, or do a Q&A with your entrepreneurial or investor group.
Merritt Hummer. Contributor. Share on Twitter. Merritt Hummer is a partner at Bain Capital Ventures, where she invests in the fintech, e-commerce and proptech sectors. Startups involved in B2B e-commerce such as Faire and Mirakl have burst out of the gates in 2020. Almost overnight, these startups transformed into consequential platforms, earning billion-dollar valuations along the way.
Erich Joachimsthaler , founder and CEO of VIVALDI envisions a new business model—one that creates shared value for all. Companies that embrace this new model, called interaction field companies, generate, facilitate and benefit from interactions and data exchanges among multiple people and groups—from customers and stakeholders, but also from those you wouldn’t expect to be in the mix, like suppliers, software developers, regulators and even competitors. .
It’s not about being rich, it’s about repeatedly building value What some people think will happen when you become a founder | source I love the book Rich Dad, Poor Dad. It was my favorite growing up. Since then, I’ve founded several startups, was employee #3 at a $65m VC firm in San Francisco, and realized that there is a similar phenomenon to what Robert Kiyosaki is talking about in Rich Dad, Poor Dad currently occurring in Silicon Valley.
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.
The following is adapted from “Mr. Monkey and Me: A Real Survival Guide for Entrepreneurs” by Mike Smerklo. Copyright 2020 Lioncrest Publishing. In addition to getting the help you need and gaining perspective from your peers, there’s an added, less obvious benefit to asking for help. Odd as it may sound, asking someone for help endears you to the person you ask, because it builds the helper’s self-esteem and makes them feel useful.
Christine E. King developed a virtual reality immersion course that helps engineering students create solutions to real-world healthcare challenges. The post sparking innovative student-led solutions to healthcare challenges: a Q&A with Christine E. King of University of California, Irvine appeared first on VentureWell.
YC was founded around the idea that technologists should be at the center of tech innovation. It seems obvious today, but it wasn’t always that way. We believe that technology startups should include a technical founder because it is critical that a CTO have a seat at the table where key decisions regarding the future of the startup are made. When it comes to deciding what to do with technology, technical founders know what the options are and what kinds of problems are hard and which are easy.
Scott Kirsner. Contributor. Share on Twitter. Scott Kirsner is CEO and co-founder of Innovation Leader , a research and events firm that focuses on innovation in Global 1000 companies, and a longtime business columnist for The Boston Globe. Startups need to live in the future. They create roadmaps, build products and continually upgrade them with an eye on next year — or even a few years out.
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.
I saw this tweet in my feed yesterday and read the New Yorker piece when I woke up this morning: @fdestin @MacConwell @HarryStebbings any VC 'fairy godfathers of success' viewpoints? "Building a solid business, but the V.C.s wanted fantasy… the hope that one lucky wager would more than offset many bad bets." #startups @fredwilson blog fodder [link] — Claudia Lamb (@cloudylamb) November 23, 2020.
Pursuing a second career after leaving the military can be challenging, which is why a growing number of veterans choose to become entrepreneurs. A 2018 study by the the Small Business Administration (SBA) Office of Advocacy reported that there were over 379,000 veteran-owned employer businesses in the U.S. , and overall, 6.8 percent of all employer businesses were majority owned by one or more veterans.
Sarah Lee of E-Team, Relavo, is designed a self-disinfecting dialysis technology for home-based kidney failure treatment. The post expanding treatment possibilities for kidney failure: q&a with Sarah Lee of Relavo appeared first on VentureWell.
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.
Marketing isn’t everyone’s cup of tea, and it’s really hard when it comes to startups. While there’s always an option to hire an in-house marketing team, it’s not always feasible as it costs a lot. Hiring agencies to handle marketing is a great workaround. But they do charge a lot as well. Freelancers get the work done for a lesser price. But they’re slow.
Discord , the communications service that’s become the 21st century’s answer to MUD rooms, is close to closing a new round of financing that would value the company at up to $7 billion, according to sources with knowledge of the round. The new funding comes just months after a $100 million investment that gave the company a $3.5 billion valuation.
Building Startup Communities is the Way to Economic Growth and Recovery. Economies are hurting. Even prior to COVID-19, healthy economies were limited to a few metro areas. The pandemic has accelerated and exacerbated the situation. All across the country, communities need to jump start and rebuild their economies. How? Research has shown that most new jobs come from young businesses.
By Scott Meacham. In the venture capital industry, “unicorn” is a term used to describe a privately held startup company with a company valuation of over $1 billion. The idea being, that unicorns are a rare mythical breed, more likely imagined than seen—but in the venture capital business, they do sometimes appear and, when they do, it is a very special occurrence.
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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