Sat.Nov 04, 2017 - Fri.Nov 10, 2017

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Five Lessons to Learn from the Success of The Wing

This is going to be BIG.

Two years ago, Brooklyn Bridge Ventures became the largest seed investor in The Wing --a network of co-working and community spaces for women founded by Audrey Gelman and Lauren Kassan. They recently opened their second location in Soho after raising an $8mm Series A from NEA earlier this year, and their 3rd and 4th will open in the next few months.

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Brittleness comes from “One Thing”

A Smart Bear

We’re tired of hearing how small software companies usually fail. The data show that the two most common causes are: (1) Product isn’t useful to enough people, and (2) Problems with the team. But what about the companies that die even though they did sell some copies of software, and where the early team isn’t dysfunctional? I don’t have data for that cohort (tell me if you do!

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What a Hindu Priest Taught Me About PR and Marketing

Entrepreneurs' Organization

By Jeff Bradford, EO Nashville member . When my wife and I joined 60 other members of the Entrepreneurs’ Organization’s Nashville chapter for a retreat led by Hindu priest Dandapani, I was skeptical. Like most baby boomers, I went through (and left behind) an Eastern mysticism phase many years ago, and I was leery of revisiting it. To my surprise and delight, the weekend was light on religion and heavy on simple, practical tools for making better use of your mind, and thus, your life.

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Niche marketing works. Here’s how.

Berkonomics

Close. How many of us throw away marketing dollars because our paid efforts reach an audience that is much larger than the target or niche audience we need to reach? Whether it be for publications, social marketing, or even those once-necessary postal mailers, we have tools now that were not available just a few years ago. So, let’s up our marketing knowledge first with a few short answers to marketing questions….

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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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Disagree and Commit - A Management Principle for Highly Functioning Teams

Tomasz Tunguz

Disagree and commit. I first read about this idea in the 2016 Amazon Shareholders letter. But the idea can be traced back to Andy Grove at Intel. Grove wrote about this topic in High Output Management. Disagree and commit is a management technique for handling conflict. There are two parts to it. First, expecting and demanding teammates to voice their disgreement.

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Business Goals: Think Small to Grow Big

Entrepreneurs' Organization

By 13-year-old entrepreneur Kenan Pala. When you want to launch the next big company or invent the next big product, the last thing you think of doing is starting small. When you have a big goal in mind, you may think that by starting small, it will take you forever to get to where you want to go. One of my favorite quotes is “The journey of a thousand miles begins with one step.

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Empower Your Team to Free Yourself

Entrepreneurs' Organization

Scott Maloney recognized a need to empower his team when he acknowledged his need to pursue travel, leadership and volunteer goals outside of his business. He was determined to create a firm staffed with empowered employees. Scott shared how he hires the right people and encourages their empowerment at the 2017 Women of EO Summit in Athens, Greece. Read his story , the fifth and final in EO’s Empowerment Series.

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Just How Disruptive Are ICOs to the Classic VC Model?

Tomasz Tunguz

Initial Coin Offerings, a fundraising mechanism for companies using cryptocurrencies as a mechanism to buy their service, seem to be upending the world of venture capital. Filecoin raised $250M through an ICO. Tezos raised $232M. Bancor raised $153M. These are massive amounts of money. Recently, I’ve been wondering how prevalent ICOs are and whether they could potentially be a substitute for venture capital.

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The False Confidence of the LTV/CAC Ratio for Early Stage SaaS Startups

Tomasz Tunguz

Founders often describe their unit economics in terms of their LTV/CAC ratio - the ratio of the Lifetime Value (LTV) of a customer to the Cost of Customer Acquisition (CAC). The LTV/CAC metric can be a powerful metric to unpack the health of the go-to-market team of a company, as Netsuite has shown. But this figure is often meaningless for early stage startups.

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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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The Latent Purchasing Power in the SaaS Acquisition Market

Tomasz Tunguz

The startup acquisition market is off by roughly 35% year-over-year. Why the decline? One consistent response from potential acquirers is that they are waiting for tax reform to happen. If it does happen, and when acquirers do decide to pursue acquisitions, I suspect we will enter a very acquisitive environment for three reasons. First, the cash available to finance acquisitions on the balance sheets of public companies has grown by 20 X over the last 10 years and now totals more than $8.5 billi

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