March, 2011

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9 Women Can’t Make a Baby in a Month

Both Sides of the Table

This post originally appeared on TechCrunch. I’m a very big proponent of the “lean startup movement&# as espoused by Steve Blank & Eric Ries. The part of the movement that resonates the most with me (in my words) is that entrepreneurs should keep their capital expenditures really low while they’re experimenting with their product and determining whether there is a large market for what they do.

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The bar is higher

This is going to be BIG.

It has never been so easy to get a startup up and off the ground these days. Scaling and succeeding is hard, but just to get from napkin to prototype and some users is so much less of a hurdle than it was previously. From a technology perspective, so many parts of the stack have been made easier--from spinning up servers on EC2 and S3, to getting hosted Rails infrastructure on Heroku.

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Find your rock in Ensenada.

Berkonomics

Every entrepreneur has that moment of truth – the one that marks the decision to take the path to entrepreneurship or the path to job security with a larger employer. And down the road a bit, most of us face another when deciding whether or not to go for growth, requiring new investment and increased risks. My moment of self-confrontation came many years ago when deciding whether to leave behind the relative comfort of a good income from my one person operation or hire my first employee to allo

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Slides on Building a Sales & Marketing Machine

For Entrepreneurs

Here is the slide deck that I presented last night at the Boston Lean Startup Circle. The slide deck describes how to build a Sales & Marketing Machine that is predictable, scalable, automated, well instrumented, and cost efficient. Building a sales & marketing machine View more presentations from David Skok.

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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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The Freight Train That Is Android

abovethecrowd.com

[Follow Me on Twitter] “People get ready, there’s a train a comin’” - The Impressions From Zacks via Yahoo: Mark Vickery, On Thursday March 24, 2011, 4:58 pm EDT “BlackBerry maker Research In Motion (NasdaqGS: RIMM – News) beat its fiscal 4Q EPS estimates by 2 cents per share, but missed slightly on quarterly revenues and [.].

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Whom Should You Hire at a Startup? (Attitude Over Aptitude)

Both Sides of the Table

This post originally ran on TechCrunch. Startups. We know the mantra: Team matters. Is this philosophy exaggerated? Overrated? Cliché? No. Team is the only thing that matters. Whatever you’re working on now, the half-life of innovation is so rapid now that your product will soon be out-of-date. Your existence is irrelevant unless you continue rapid innovation.

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One Man’s Signal is Another Man’s Noise

Both Sides of the Table

After the weekend kerfuffle over AngelList I was reading Brad Feld’s post on Signal vs. Noise. It’s apropos because there is so much noise these days with email, Twitter, Facebook, blogs, web shows, etc. that it’s sometimes hard to know when to pay attention and when to keep your head down. Mostly during the day I’m in meetings or doing work.

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Five reasons why the job space is a bad neighborhood

This is going to be BIG.

If there’s a jobs startup within 2000 miles of NYC, I will see it. Everyone sends me startups in this space because of my experience with Path 101 and my passion for helping people with their careers. I feel terrible, because I hate these meetings and couldn’t be less interested in this space. I love helping entrepreneurs and want to add value, but I just can’t help but say the equivalent of “RUN!!

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I'll take "Sticking it to United" for $49. cc @unitedairlines

This is going to be BIG.

I have to move my flight back to NYC on Sunday, so I called them today to cancel and try to recoup the fare, at least as credit. The fare cost $199 one way. First thing I have to deal with is the automated computer IVR that spends ten minutes trying to understand my confirmation number. Then, when it finally gets it right, a real human tells me the cancellation fee is going to be $150.

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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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I’m sticking with Disqus. Here’s Why

Both Sides of the Table

I’ve written before about my love for Disqus. I’m not an investor – I just love the product. So now Facebook has a new commenting system. They’ve been around for a while and when they first announced this initiative I knew the day would come when people would start saying, “should I replace Disqus?&# I started telling people privately that I thought Google should buy Disqus for the same reasons Facebook wants to own commenting in the first place.

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Why Startups Need to Blog (and what to talk about …)

Both Sides of the Table

This post originally ran on TechCrunch. Blogs. We all read them to get a sense of what is going on in the world, peeling back layers of the old world in which media was too scripted. By definition, you read blogs. But should you actually write one if you’re a startup, an industry figure (lawyer, banker) or VC? Absofuckinglutely. This is a post to help you figure out why you should write and what you should talk about. 1.

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Business cards are dead: Send me your card via Hashable at #SXSW

This is going to be BIG.

When I was down at Startup Riot in Atlanta, someone handed me their business card. I didn’t even have any on me. He asked, “So, are you guys over business cards in New York?” Funny thing is, we kind of are. It’s rare when anyone hands me a business card these days. Nine times out of ten, I’m meeting someone in person because we already got each other’s contact info somehow.

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GroupMe just killed the one way mobile alert: Brands and the mobile conversation

This is going to be BIG.

Give me your phone number and I’ll text you about my brand. You can’t text back and you’re going to have a heck of a time passing it on. Who forwards text messages? Sound interesting? Yeah, I didn’t think so. Now imagine that I’m a Mets fan. (Ok, so I am… but it’s really kind of unbelievable given the way things have gone, so you might have to just imagine it…) I don’t go to games by myself.

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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 Problem with Reinvention

This is going to be BIG.

I've written a bunch about Hashable and I use it more now than I ever have before--for one simple use case: sending you my business card. Carrying around business cards is an archaic waste of time, yet adoption of Hashable for solving this is going slower than I'd expect given it's usefulness. The problem is that the people who know about Hashable, even a lot of the people who use it, identify it with the introductions feature.

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First Round killed it in the press this week

This is going to be BIG.

I’m a fanboy of our own portfolio… and so was the media this week. Let’s see… Gmail’s magical disappearing emails caused huge traffic and signsups at Backupify , thanks in no small part to the 100’s of articles that mentioned the company as a way to protect your data, like this how to from Business Insider and coverage in Time. One King’s Lane got nice coverage in Venture Beat on how social features make e-commerce hot again.

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Your Product Needs to be 10x Better than the Competition to Win. Here’s Why:

Both Sides of the Table

Last night I had the great privilege to interview Bill Gross , one of the Internet’s true pioneers. To say he has had an impact on the web would be an understatement. His impact has even helped a small country gain admission to the United Nations. All of that are in this week’s episode of This Week in VC. Summary notes, as always, provide below.

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Finding Product/Market Fit: Using Consulting to Understand Customer Needs

For Entrepreneurs

Many entrepreneurs have a strong suspicion that there is an opportunity in a particular market, but lack the detailed understanding of customer pain needed to design an appropriate solution. The following guest post by John Raguin, ex-CEO, and co-founder of Guidewire Software, describes how he and his co-founders tackled this problem. Recently, David Skok and [.].

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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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Raising $$ on AngelList? Working w/ McClure? Ask Jody Sherman

Both Sides of the Table

I was hanging out the other day with my buddy Jody Sherman, founder & CEO of EcoMom. I was an angel investor in his company, made a bunch of calls on his behalf and then I personally sent it out on AngelList. Through this process he raised $2 million. When I described to people why I initially invested my calls went something like this, “He’s taken kicks to the face for nearly 2 years and is still standing.

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The Myth of SXSW: Why the conference was, is and always will be about people, not about the next big thing

This is going to be BIG.

I just back from my fifth SXSW and if my voice is any indicator, I had a great time. In the days to come, there will be a lot of back and forth analysis over who "won" SXSW and whether or not there was a breakthrough technology to watch out for. It stems from the Austin conference's reputation for being a kingmaker. But where did that come from and is it well deserved?

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You mustn't be afraid to dream a little bigger

This is going to be BIG.

There's nothing that used to make me feel more like a pompous VC than when I would respond to an entrepreneur by saying their idea isn't big enough--that a success for them would likely be too small for what our firm was looking for. Even though First Round is a small, seed stage fund and we don't have the kind of approach that forces more money on an entrepreneur than they need, the idea of calling something too small made me feel uncomfortably close to that mindset.

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This Post Has Nothing to do with #SXSW

Both Sides of the Table

This post originally appeared on TechCrunch. For the next four days if you’re in the tech industry you’re going to hear a non-stop stream of information about SXSW. It’s the time of year when many new startups are struggling to rise above all the noise and be heard. And when everybody is shouting it becomes overwhelming. I’m actually in Austin at the moment.

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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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Never use short term borrowing to cover long term debt.

Berkonomics

This insight is one that is so important to the continued health of a growing company that it cannot be overstated. First, let’s be sure we know what is short in term and what is long in term. Long term debt is taken on for the acquisition of fixed assets such as equipment, cars, facilities and acquisitions of companies or their assets. Short term debt is often composed of accounts payable to the trade or employees for expenses, payroll liabilities, accrued but unpaid vacations, customer dep

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The Guy Who Took on Google (and now LinkedIn): Mike Yavonditte

Both Sides of the Table

This is an interview you’re not going to want to miss, I promise. Mike is a no BS guy, has all the attributes I look for in a founder and says things like, openly shares knowledge and opines without a filter including this one, “whoever invented uncapped convertible debt should be spanked!&# Love it. Mike Yavonditte is the founder of the “super hot&# Hashable , a startup out of NYC that has been described as a “ Mint.com for Social Capital ” Mike sold his previous company, Quigo , t

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Manage your mantra.

Berkonomics

I am constantly surprised when speaking with entrepreneurs and CEO’s who act puzzled and a bit flustered when I ask, “So what is your mantra? Tell me about your company in ten words or less.” Almost every one begins a long explanation of their business that is nearly impossible to follow, let alone recall a few moments later. And each lost an opportunity to tell their story in a memorable way that has power and boosts their enterprise value in the minds of the listener.

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Excited about hackNY’s funding and growth

This is going to be BIG.

Investments in innovation can often have unforeseen positive ripple effects. Back at the end of 2008, when the economy was in the tank, and funding was tough to come by, NYC Seed, a small local fund with some government and local academic backing supported my startup, Path 101. Owen Davis, the fund manager, didn’t get the return we were hoping for when we pitched and we had eventually closed up shop.

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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