April, 2018

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A Meeting of Unreasonable Minds

Entrepreneurs' Organization

A successful entrepreneur, businessman and EO Bahrain member, Suhail Algosaibi had long thought about how he could use his position and his company—FALAK Consulting—to make real, radical and sustainable change in his corner of the world. He also considered what separated him and the people he admired from his neighbors, local students, other Bahraini entrepreneurs and societal shapers, including government officials and corporate executives.

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To Fundraise While You're Not Fundraising or to Not Fundraise While You're Not Fundraising? That is the Question.

This is going to be BIG.

"I'm not raising right now." When said to a VC, this is one of the biggest BS lines out there. You're literally talking to an investor, and if they offered you a big check at a great deal, you'd take it, no? So, how could you say you aren't fundraising? On the other hand, some founders *literally* aren't fundraising. They won't share any info on what's going on with their company, even with investors that are really excited about their concept.

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Why venture capitalists are investing in international startups

David Teten VC

Why are more US VCs investing in international startups? Take a look at The Fortune Unicorn List : of the top 100 most valuable unicorns in 2016, 39 are currently based outside of the United States. While fundraising of US VCs has dropped slowly as a percentage of global limited partner allocations over the last decade, non-US startups are receiving a more rapidly increasing percentage of that money.

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The Series A Round: “Could A Round By Any Other Name Smell As Sweet?”

Haystack

Too many investors subscribe to the Patek Phillipe school of investing “you don’t own the companies’ problems, you merely hold onto them [until you] can get the company to the next round of investors. ” — Micah Rosenbloom of Founder Collective, April 2018. If you’ve followed me on Twitter or this blog, you’ve likely seen me ( too often ) talk about this term — The Series A — again and again.

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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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So, what if you run out of money?

Berkonomics

Money in the bank is like oil in the car. Certainly, you have many ways you are pulled every day, both tactical and strategic. But when money is the issue, your time, energy and focus are drained from other important areas of your life or business. Running out of money is not always synonymous with “going broke”. Many great businesses in their growth periods find themselves stretched for cash.

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5 Ways One Entrepreneur Is Giving Disadvantaged Teens a Fresh Start

Entrepreneurs' Organization

For Jabez LeBret, the United Nations Sustainable Development Goals combined with his experience as an EO San Diego member provided the inspiration to serve his community’s marginalized youth—an effort that’s earned him a nomination for EO Global Citizen of the Year. As part of our focus on #EOImpact , Jabez told us about his efforts in the education field.

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The Disappearance of the Fundraising Demo

Tomasz Tunguz

Ten years ago, Guy Kawasaki took this photograph of me. I was attending my first YCombinator Demo Day, maybe three months into my time at Redpoint. Much has changed. I’m am not as young or as green. YCombinator has thrived and scaled. And the startup demo has disappeared. At that August Demo Day, each pitch lasted eight minutes. Without fail each featured a demonstration of the product.

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OpenBSD : why and how

Derek Sivers

The only operating system I use on my computers is not Mac , not Windows, and not even Linux. It’s OpenBSD , and I love it so much. So I figured I should say a little something about why, and how you can try it. It’s probably not for you. It’s not for beginners. Most people should use Ubuntu. It’s not for people who want to click a button and have the computer hide the details from you.

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Investing Notes From The Inaugural Pre-Seed Summit

Haystack

Earlier today, the folks from Afore Capital hosted their inaugural “Pre-Seed Summit” in San Francisco. About 150 people showed up, a healthy mix of founders, seed-stage investors and big fund VCs, and a bunch of LPs of various sizes. Some press showed up, too. “Pre-Seed” is somewhat of a controversial term in the investing world, triggering reactions questions its validity, its effectiveness, and even its contribution.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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The 18-month rule and a harrowing tale

Berkonomics

It can take 18 months from initial concern about a critical employee to getting a replacement up to speed. Of course, I’ll tell another harrowing story here. But first. an old friend, Dick Tanaka, gets credit for the 18-month rule. He observed that the process we follow to be humane in our handling of under-performing employees, manage the risk of future lawsuit, finally then move to separate the employee, define the open position, recruit the candidate, train the new hire and count the new hir

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No Excuses not to Travel: Noken is the First Digital Native Tour Operator and Here's Why I Backed It

This is going to be BIG.

A few weeks ago, I booked a customized tour of Iceland with Noken , and I did it in about five minutes. All I had to do was to tell Noken how long I planned to go, what level of hotel and car I wanted, and then I had the option to add on a few extras, and within minutes my entire trip was booked. I had a connection to my own personal trip concierge and a custom app that outlined my trip.

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You Can’t Afford to Make this Mistake With Your Company Culture

Entrepreneurs' Organization

Written for EO by Marina Byezhanova, co-founder and director at Pronexia Inc. , headhunters for small- to medium-sized businesses and company culture consultants. . If you’ve been trying to fill a position in the last 12 months, then you’ve definitely noticed that it’s become more difficult to attract the same number of applicants that you once did.

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What Can You Learn From Ring’s Astounding Success?

Both Sides of the Table

Many people will write the history on why Ring became an enormously successful company and why it became a real-world unicorn in a world when many startups are anointed that merely on paper. Since I had a ringside seat to the company before it really existed all the way through the end I thought I’d offer my version and what I think it means for our future.

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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 I Overestimate My Contribution to My Team

Tomasz Tunguz

“When I die, I want all the people with whom I worked on group projects to lower me into my grave, so they can let me down one last time.” Someone once sent me this e-card as a joke. I laughed and laughed, and never forgot it. I can’t remember a school group project which teammembers contributed equally. Paradoxically, I bet everyone in the group felt the same way.

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#MovingForward movement: VCs and a diverse, inclusive, and harassment-free workplace

David Teten VC

HOF Capital recently joined the # MovingForward movement of VCs committed to diverse, inclusive, and harassment-free workplaces. The movement emerged at a founders dinner a few months ago when the question, “As an entrepreneur, if I experience harassment or discrimination, where do I report it and how will I be protected?”, was asked. After speaking with many VC firms, it was realized that this was a very common issue.

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Entrepreneurs: Employment law is not on your side!

Berkonomics

Small companies most often scrape by with borrowed or invested funds, doing everything possible to grow and prosper with limited resources. So, it is like a punch in the gut when an employee makes a claim against the company for a perceived or actual but unintentional violation of a law or regulation. Or when a former employee strikes out with a suit claiming discrimination for one of a thousand causes.

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The Thing I Love Most About Uber

abovethecrowd.com

In spite of all the ink that journalists, analysts, and pundits have spilled on Uber over the years, no mainstream article has focused on what I consider to be the most elegant feature of this now ubiquitous, high growth global service — no driver-partner is ever told where or when to work. This is quite remarkable — an entire global network miraculously “level loads” on its own.

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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 to Use Social Media In Your Event Marketing Strategy

Entrepreneurs' Organization

Written for EO by Raul Harman, editor in chief at Technivorz blog. What if you threw a party and nobody came? The chances of this happening in the age of Facebook and Twitter are slim, right? Even so, if you’re planning a professional event and your success depends on people showing up, you’ll want to implement a marketing strategy to ensure its success.

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You're the CEO.

This is going to be BIG.

It's really hard to advise a company when you don't have all the information--and no one has more information than the CEO of the company. Sometimes, you might believe the CEO is ill-informed, and you're a check on the amount of homework they've done to seek out solutions to a problem, or which metrics or signals they're paying close enough attention to.

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How to Reach More People with Content Marketing by Changing How You Write

Tomasz Tunguz

Ben Franklin’s edits to the Declaration of Independence. The average English sentence has been shortened by half over the last five hundred years. Read the first sentence of the Declaration of Independence to see why. It is 71 words long and contains 8 recursive clauses. I read it ten times before I understood it. I have 48 seconds with you , my reader.

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#MovingForward movement: VCs and a diverse, inclusive, and harassment-free workplace

David Teten VC

HOF Capital recently joined the # MovingForward movement of VCs committed to diverse, inclusive, and harassment-free workplaces. The movement emerged at a founders dinner a few months ago when the question, “As an entrepreneur, if I experience harassment or discrimination, where do I report it and how will I be protected?”, was asked. After speaking with many VC firms, it was realized that this was a very common issue.

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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

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Insurance is always too expensive – until it’s needed.

Berkonomics

I expect that you have a story about how insurance saved you lots of money in your past. As usual, I have a story to make your hair stand on end. But first: here’s a fact. Business insurance is one of the more poorly managed mitigation of risk in small and many medium sized corporations, often because of failure to assign the responsibility to an individual or department, and sometimes just from the willingness to bet against the event and save cash.

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Look Back: Breast Cancer Prevention Innovator Wins at 2017 EO GSEA

Entrepreneurs' Organization

Just one year ago in Frankfurt, Germany, Julián Ríos Cantú was named the winner of the EO Global Student Entrepreneur Award competition. Read how—and why—this Mexican teen has set out to transform breast cancer prevention and treatment. The 2018 EO GSEA global finals will take place in Toronto, Canada, on Monday 16 April. Meet the finalists and check back here for updates!

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Dutch Studentpreneur Looks Back on GSEA

Entrepreneurs' Organization

Entrepreneurs’ Organization (EO) ‘s Global Student Entrepreneur Awards (EO GSEA) encourage “studentpreneurs” to grow their businesses with support from mentors and fellow entrepreneurs. With 2018 EO GSEA global finals rapidly approaching, we are reaching out to previous participants and finalists to find out how the program changed their lives.

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6 Reasons Why Every Entrepreneur Should Have a Personal Blog

Entrepreneurs' Organization

Online content is a key ingredient of every marketing strategy. And one of the most popular and effective ways to establish a positive online presence is a blog. Blogging can pay off faster than any other marketing strategy and requires almost no investment. Still not convinced? Check out these six reasons a blog is an opportunity you shouldn’t miss out on: 1.

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How to Avoid the Pain and Cost of PCI Compliance While Optimizing Payments

Speaker: P. Andrew Sjogren, Sr. Product Marketing Manager at Very Good Security, Matt Doka, Co-Founder and CTO of Fivestars, and Steve Andrews, President & CEO of the Western Bankers Association 

PCI compliance can feel challenging and sometimes the result feels like you are optimizing more for security and compliance than you are for business outcomes. The key is to take the right strategy to PCI compliance that gets you both. In this webinar, we have a great set of panelists who will take you through how Zero Data strategies can be used as part of a well-rounded compliance and security approach, and get you to market much sooner by also allowing for payment optimization.