August, 2020

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13 Entrepreneurs Reveal Their Best Business Advice

Entrepreneurs' Organization

Agonise over whether or not you need business partners. Ai-Ling Wong—founder at The Decorateur. If you can afford it, don’t have business partners. Nine out of 10 entrepreneurs I know have long-term pain with their partners. The tenth entrepreneur without the headache is usually the one without a business partner.

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It Depends: Why the right fundraising strategy for your startup is never a straight answer.

This is going to be BIG.

Talk to ten founders and ten different VCs and you’ll get roughly about 600 different suggestions as to how you should go about your fundraising strategy. I don’t know what the formula is here, but the numbers and the resulting amount of confusion gets big very very quickly. Why does it seem like there’s an exception to every rule? You’re told that you can’t raise until you have a product, yet pre-product companies get funded all the time.

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Cities Should Think Creatively about Entrepreneurship Ecosystem Building

Source Link

How do other cities build entrepreneurship? Alejandro Manzanares of the National League of Cities (NLC) shares insights from cities in its third cohort on establishing entrepreneurial seed funds, building innovative workforces and ecosystem mapping.

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Why Investors Say No - Three Startup Pitch Mistakes That Are Easy to Fix

Dream It

Speaking to investors can require a language of its own. Word choice is important and even the smallest detail can make or break your startup pitch. Adam Dakin , Managing Director of Dreamit Healthtech, sees founders make the same common pitch mistakes over and over. Luckily, he’s a pro when it comes to pitching investors and distills the advice so it’s easy to avoid.

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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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online education: tips and resources for innovation and entrepreneurship educators

Venture Well

We’ve compiled key learnings and best practices from educators in our community who have adjusted to the demands of online education. The post online education: tips and resources for innovation and entrepreneurship educators appeared first on VentureWell.

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More Trending

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3 key ingredients for successful remote work

Entrepreneurs' Organization

The global coronavirus pandemic has forced a widespread shift to remote work. The impact on our families and careers has been significant. Around the world, parents struggle to find a quiet space to work, professionals battle with technology, and employers assess the safest way forward. . For all these reason and many more, we’re stressed! Many of us are burned out and disengaged.

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Where have you gone, Bill de Blasio?

This is going to be BIG.

Reports of NYC’s death have been greatly exaggerated. Far from becoming a crime-ridden hellscape, NYC’s actual numbers of murders and robberies are on a pace that is not only down from 10 years ago, which was eight years into Mike Bloomberg’s term as Mayor, but they’re almost half as much as they were at the end of the Giuliani administration, when people thought NYC crime had been "cleaned up".

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Quizlet’s State of Remote Learning Report 2020

A VC: Musings of a VC in NYC

Our portfolio company Quizlet put out a “ State of Remote Learning Report ” this week based on what they are seeing across their global learning platform during the pandemic. Quizlet wrote a blog post about it as well. There are some very interesting data points in the report: Quizlet explains this chart in their report this way: Although no country was prepared for the quick pivot to remote learning, most were able to not only return to their pre-COVID-19 online study levels, but ac

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Stones Unturned: An Investor’s Guide to Due Diligence in Early Stage Companies

The Seraf Compass

Some investors will tell you after spending 60 minutes with an entrepreneur they know in their gut whether to make an investment. They rely on their instincts and sometimes their ability to “pattern match” with successful opportunities and entrepreneurs they worked with in their past. At the other end of the spectrum, there are investors who will spend countless hours digging into every aspect of a startup company.

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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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designing paper-thin, flexible batteries for vital electronics: q&a with Rajan Kumar from E-Team, Ateios

Venture Well

VentureWell E-Team, Ateios, is developing a platform technology to manufacture customizable, flexible batteries for the growing medical patches market. The post designing paper-thin, flexible batteries for vital electronics: q&a with Rajan Kumar from E-Team, Ateios appeared first on VentureWell.

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Empowering millennials in Peru to take action volunteering

Young Leaders of the Americas Initiative

By Jewelle Saunders. Rosario Diaz Garavito, the founder of The Millennials Movement , didn’t look to be labeled as an entrepreneur and a leader in her community when she began her small social media movement promoting youth volunteerism in 2013. She was just focused on doing the work. The recognition of the impact of her hard work came years later when she was accepted for the YLAI Fellowship in 2016.

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Mistakes I made as a first-time manager

Entrepreneurs' Organization

Contributed by Shawn Johal, business growth coach, leadership speaker and co-founder of DALS Lighting, Inc. He is also an active member of the Entrepreneurs’ Organization Montreal chapter. . “Anyone who has never made a mistake has never tried anything new.” –Albert Einstein. It’s almost hard to believe that I have been managing teams for more than 15 years.

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Thriving or Surviving or Diving in Quarantine?

This is going to be BIG.

While we don’t have kids yet, we’re of the age where a lot of our friends do—and the back to school situation is on everyone’s mind. Is your school open? Are you sending them? How did your kids do with distance learning? What struck me is the stories of how different personalities of kids have done in quarantine—and adults are no different. Some are absolutely thriving—super focused, avoiding distraction.

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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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Investments That Don’t Work

A VC: Musings of a VC in NYC

I woke up to a dream this morning where I was playing a game that was very similar to Turntable.fm , a failed effort to create a social music experience that had a moment back in 2011 and that I had invested in via USV. In the dream, someone had created a new version of the game that was basically identical to the original version. It was as fun to play it as it was to play Turntable back in the day.

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Lead, Follow Or Get Out Of the Way - The Art and Science of Deal Leadership

The Seraf Compass

Active deal leadership is one of the essential elements of success in early stage investing. As legendary investor Fred Wilson observed, every round needs a lead investor. Being a great deal lead takes experience, or the guidance of a great process. That is the purpose of this series - to provide the guidance of a great process so that more people can step up to serve as much-needed deal leads.

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Announcing the YC Startup Library

Y Combinator

We’re excited to announce the launch of the YC Startup Library, found at ycombinator.com/library. Over the last 15 years, YC has invested in and worked with more than 2,000 companies, and we’ve seen and learned from their successes and failures. The library consolidates the knowledge and advice we’ve previously published and provides a central location for new content.

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Moving trans advocacy forward in Jamaica

Young Leaders of the Americas Initiative

By Jewelle Saunders. “The fuller you are, the more you have to give back,” says activist Neish McLean. “Invest in yourself, and your hard work will blossom.”. 2017 YLAI Fellow Neish’s hard work of creating a sustainable trans rights movement has blossomed far beyond his expectations. As the Co-Founder and Executive Director of TransWave Jamaica , Neish is succeeding in his mission to increase the visibility of transgender Jamaicans, provide resources to change the narrative towards a positive re

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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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Keep in touch: Client outreach is critical during business slumps

Entrepreneurs' Organization

Is your business struggling due to the pandemic? You’re not alone. Around the globe, entrepreneurs are creating new ways to stay afloat —and that includes reaching out to clients and prospects in new ways. While business may be slow, client outreach must never slow. If you can keep customers engaged at times like these, you’ll earn even greater loyalty in the long term.

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Conflicting Data on the State of the US Early Stage Market

Tomasz Tunguz

After I wrote a post on the health of the seed market during COVID , the Angellist team emailed me saying they observed different patterns in their early-stage data and offered to collaborate. This data set is unique because it records transacted deals on the Angellist platform. The first post highlighted a 40% reduction in seed investment in Q2 2020 and 42% increase in Series A investment, quarter over quarter.

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Financing Document Forms

A VC: Musings of a VC in NYC

Many founders want to do SAFE note financings for their early rounds to save time and money. My response to that is “let’s do a priced round, we can use a standard financing form we both like, we won’t use a lawyer on our side, and we can close in a week.” The key to being able to do that is the availability of standard financing forms.

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Case Study: The Dan River Region Ecosystem Development

Ecosystem Builder Hub

As with any movement, there comes a day when grand visions need to either remain that, or be executed on so that they may evolve to the next stage of development and maturation. We found one of those exemplary steps in southern Virginia where the Dan River Region Entrepreneur Ecosystem recognized the need for an ecosystem coordinator and rallied their stakeholders to hire the first entrepreneurial ecosystem builder for the region.

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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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A Thriving Family Business + How They Make It Work

Smart Hustle Magazine

A family owned and operated business is nothing new, but a family business managed by two parents and eight and children is pretty unique. Goat Milk Stuff. The business started with making soap, as it is a low barrier (much less difficult than food products) and the whole family could easily be involved in making and selling it. With eight kids, it was really important to get them all working within the business early on. .

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Timing Is Everything: Angel Investing Success

The Seraf Compass

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Common Intellectual Property mistakes made by startups

NZ Entrepreneur

This article is the third of a three-part series by Baldwins Intellectual Property that focuses on the importance of intellectual property for startup companies. What is intellectual property? Intellectual property is about creations of the mind. This includes new methods, products, expressions of ideas, trade secrets, brands and logos. Some intellectual property rights exist automatically upon creation such as copyright.

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Month Zero Cash-on-Cash Payback - A Metric for Judging Sales Team Growth

Tomasz Tunguz

Rippling published their fundraising deck. Within it, Adil Syed, (a former Redpoint VC!), introduced a gem of a new metric : month zero cash-on-cash payback. It’s not a metric one sees very often in pitch decks. But it’s another metric to add to the toolkit. Month Zero Cash-on-Cash Payback is a mouthful. Let’s dub it ZCP for Zero Cash Payback to save us from the more evident but unwieldy MZCoCP.

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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.