Advice from an entrepreneurship expert, with Professor Michael Goldberg

Young Leaders of the Americas Initiative

Michael answered questions from network members requesting advice for their entrepreneurial endeavors. What advice would you give to entrepreneurs and professionals looking to finance their business? What advice do you have for businesses operating in unstable environments?

Any advice can be worthless, or worse.

Berkonomics

Ever get bad advice? Ever take that advice without question because the person giving it was an investor, a superior in rank, the chairperson of your board? I’ll bet you have at least one story of bad advice taken and being bitten as a result. Close. We all have in our past.

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Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

There is a second set of career discussions I have even more frequently than my “angel yourself” advice but this type is almost never discussed publicly in blogs, which tend to emphasize only billion-dollar opportunities, 20-something technical founders and Silicon Valley elitism. But I also have advice for the 15% that really do want to be a startup CEO. A shortened, better edited and with nicer pictures version of this post first appeared on TechCrunch.

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COVID19 Crisis, Business Advice and First Principles

Continuations

Today I want to address all of those running a company or making management decisions with a simple message: avoid generic business advice! By generic advice I mean anything of the form “do x,” such as “cut 20% of cost now.” So what then is an alternative to generic advice? These can form the basis for figuring out what to do and also for evaluating advice. A first principles based approach is always superior to the indiscriminate application of generic advice.

Angel Funding Advice

Both Sides of the Table

I recently wrote a post on angel financing covering the topic of convertible notes but I realized I was thinking about the issue more from investor perspective and a very narrow topic of how to price the round. So if you’re casually reading and don’t really care about angel financing – abort now! They have advice to share. Ask them for advice. Tags: Pitching VCs Start-up Advice This is part of my ongoing series Pitching a VC.

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The Most Important Advice I Could Give You About Unicorns

Both Sides of the Table

So here’s advice I give people all the time when they’re raising money. Or they’ll remind me of my common advice to take “ 50 coffee meetings.” ” The report also notes that 75% of mega financings are led by non-VCs. The post The Most Important Advice I Could Give You About Unicorns appeared first on Bothsides of the Table. *. Unicorns. The most overused word in the technology industry today. And they aren’t even f **g real.

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How International Founders Can Raise US Financing

Startup Grind

The things to consider when flipping are: Tax implications Which entity owns the IP How you structure commercial agreements between the entities I’m not lawyer, so you should get legal advice.

Revisiting Paul Graham’s “High Resolution” Financing

Both Sides of the Table

When I first read Paul Graham’s blog post on “High Resolution&# Financing I read it as a treatise arguing that convertible notes are better than equity. if you need advice on how to find / work with startup lawyers cheaply click that link).

Disrupting Finance From Above: Wealthfront

abovethecrowd.com

Whenever someone asks for personal advice on what to do with their savings, I have always recommend they read Burton Malkiel’s A Random Walk Down Wall Street. Finance government stimulus Internet Payment Regulation Uncategorized Venture Capital Disruption payments wealthfront

Making Sense of the Stock Market Drops in Relation to Venture Financing

Both Sides of the Table

It will make follow-on financings much harder and people will have to consider whether or not to do inside rounds. If you’re an entrepreneur and the markets continue to drop steadily over the next 30 days please ignore any advice that this doesn’t impact you – it does.

Startup School Week 9 Recap – Carolynn Levy on Modern Startup Financing and Jared Friedman’s Advice for Hard-tech and Biotech Founders

Y Combinator

Her lecture covers modern startup financing. His lecture focuses on advice for hard-tech and biotech founders. 00:33 – Carolynn Levy – Modern Startup Financing. 5:10 – What hasn’t changed: preferred stock financing, valuation and dilution, communication. 6:42 – Old way of raising early money: Series A preferred stock financing. 9:33 – The transition: bridge loan financings.

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Should Investors in the Same Round of Financing Ever Get Different Prices?

Both Sides of the Table

But Paul Graham really did have a point in his “ high resolution fundraising ” post – that there is a problem – particularly in angel financing – with herding cats. Entrepreneur Advice

Any advice can be worthless, or worse.

Berkonomics

The angel investors could not raise the next, larger round to finance the shortfall and further expansion, putting the fragile young company at risk for following the advice of its board. Had the angel board members been able to agree upon a financeable strategy for growth, the company might have been immensely successful. Bad advice taken by an enthusiastic and compliant young CEO was the root of the cause, compounded by circumstance.

GAN Partner, Chargebee, on How Startups Can Get the Most Out of Office Hours with a Mentor

GAN

So, office hours should be a structured but limited time to get advice, spitball ideas, and share cathartic moments. You don’t need to study the entire website; sites like Crunchbase provide great summaries—including key activities like financing, previous press releases, or an idea of a company’s social media presence. GAN Partners gan partner mentors office hours partners startup advice

Effective tax policies can boost state investment

Innovation 2 Enterprise

Oklahoma’s Technology Business Finance Program (TBFP) Seed Fund is a nationally recognized best practices example of legislated early stage capital that has stood a 20-plus year test of time. Certain industries, for example real estate or finance, may be excluded. They provide mentoring, advice, and board of directors participation. News angel investors Scott Meacham tax credits TBFP Technology Business FinanceBy Scott Meacham.

Speed is critical for many successful entrepreneurs

Innovation 2 Enterprise

I have learned over the past six years that the single most important advice I can give an entrepreneur is this: Never underestimate the importance of going fast. And that’s where entrepreneurs can benefit from the advice of someone who knows how difficult a path they still face. News Scott Meacham TBFP Technology Business Finance ProgramBy Scott Meacham. Copyright © 2019, The Oklahoman.

How to Manage a Board

Y Combinator

Below, I’ve tried sharing our advice for managing your board – from how often to meet, to the materials you need – in order to ensure a useful and productive group discussion. Founders/CFO/Finance team:Outline topics and write/collect content to be covered. ? Execs comment/edit and provide feedback to Finance Team. ? Finance Team finalizes the deck including formatting. ? I’ll share our collective advice on navigating these below.

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What is your money personality?

Young Leaders of the Americas Initiative

Is this you? The Avoider does not want to talk about money and goes out of their way to not approach their finances. Advice for better money management: Take control of your finances. Getting more comfortable about the realities of your finances is important.

Startups and VCs Should Avoid “Pier” Funding

Both Sides of the Table

Often when startups who have raised venture capital need another round of financing they will turn to their existing investors to give them money before raising from outsiders. a loan) that is later converted to equity at the time of the next financing.

Why Early-Stage VCs Should Be Careful About Intros from Bankers

Both Sides of the Table

As an early-stage investor that is not always aligned with my goal, which I would express as, “pay the right price for the stage & risk in a way that is fair to the founders yet preserves our ability to grow into our valuation at the next financing event.”

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Investors Beware: Today’s $100M+ Late-stage Private Rounds Are Very Different from an IPO

abovethecrowd.com

Historically, different financial institutions specialized in different stages, because the assessment of risk and opportunity was considered unique at each stage — for example, a seed investor was unlikely to do late-stage financing, and vice versa.

The Importance of Proprietary Deal Flow in Early-Stage VC

Both Sides of the Table

As an early-stage investor that is not always aligned with my goal, which I would express as, “pay the right price for the stage & risk in a way that is fair to the founders yet preserves our ability to grow into our valuation at the next financing event.”

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How Do You Reference Check a VC?

Both Sides of the Table

So my first advice is not to rush in the fund raising process. They made great introductions, they helped you get financed, the put in more money themselves, they helped you strategically and they helped you with your exit. Don’t take my advice, take Eric Clapton’s.

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YC’s Series A Guide

Y Combinator

Much as YC had done for seed stage financings – we decided to resolve that asymmetry in order to help founders. Advice Series A YC News Feature

Want to Raise Venture Capital More Easily? Clean Up Your Own Shite First

Both Sides of the Table

It’s meant to be a bit provocative but the reality is that I give this advice to entrepreneurs all the the time and I usually leave the “e&# off of the end. I normally offer this advice in the capacity of really wanting to help entrepreneurs so please bear with me.

People Management: Startup Teams Should Dip but not Skip

Both Sides of the Table

I spent a ton of time with the CEO and VP Finance understanding the businesses, its customers and its operational challenges. Tags: Entrepreneur Advice Start-up Advice Startup Advice

What Makes an Entrepreneur (7/11) – Detail Orientation

Both Sides of the Table

Who does finance report to? Tags: Entrepreneur Advice Start-up Advice Startup Advice This is part of my series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs.

What Makes an Entrepreneur (4/11) – Resiliency

Both Sides of the Table

We got their commitment and our existing investors bridged us until the new financing round could close. Tags: Entrepreneur Advice Start-up Advice Startup Advice This is part of my new series on what makes an entrepreneur successful.

One woman’s path to financial empowerment leads the way

Young Leaders of the Americas Initiative

Can you expand on where you got your passion for personal finance management? This entire journey helped me to uncover my love for personal finance and I wanted to help others do the same. Is there any advice that you would give to other YLAI Network members regarding entrepreneurship?

Scaling Sales: Arming & Aiming – A’s, B’s & C’s

Both Sides of the Table

You have no choice since in the first few years everything you do is about showing results to justify financing to continue your operations. Tags: Sales & Marketing Advice Startup Advice

Should You Blog? (yes, and here’s how …)

Both Sides of the Table

I guess let’s file this under sales & marketing advice. If you’re a financial services firm blog about personal finance. My strategy was to keep it advice based for the first 6 months so I never really employed this as a strategy to drive traffic.

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How to Configure Your Startup Team

Both Sides of the Table

Equally – a great VP Finance can be leveraged well to take on finance, legal, HR and much of the operational tasks. Startup AdviceI am fond of quoting that about 70% of my investment decision of an early-stage company is the team.

One of the Biggest Mistakes Enterprise Startups Make

Both Sides of the Table

But Salesforce knew how important this process is to their success so they actively encouraged the development of an ecosystem so much so that they even invested in these third-parties to make sure they were well-enough financed to survive. That it is non-dilutive financing?

What I Would Look for When Choosing a VC – Knowing What I Know Now?

Both Sides of the Table

I had an enjoyable conversation this morning with a young team straight out of college this morning and they were calling to ask advice on how to approach fund raising (angels vs. VCs, how to select a VC, etc.) Startup Advice VC Industry Picking a VC is hard.

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The One Word That Shouldn’t Exist in an Entrepreneur’s Vocabulary

Both Sides of the Table

Hold interviews with tech people, marking people, ops people, finance people – whatever. Startup Advice The one word the best entrepreneurs never accept. I said it. Now let me walk you through a broader story because avoidance of the word in and of itself will seem cliche.

The Scarcest Resource at Startups is Management Bandwidth

Both Sides of the Table

It’s a very common occurrence that a young startup with sub 20 staff and sub $2m in financing is racing around doing too many things. My advice? Startup Advice

How to Raise Money When You’re Not in a Major VC Market

Both Sides of the Table

They often ask whether they have to move to SF, NY or LA to get financed. ” I’m trying to get a feel for their commitment to local community versus being in a place where financing is easiest. “ Startup Advice I travel the country a lot.

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