December, 2017

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Five Lessons Learned from the Ample Hills $8 Million Raise

This is going to be BIG.

Board meetings at @amplehills are dangerous. A post shared by Charlie O'Donnell (@ceonyc) on Dec 20, 2017 at 8:06am PST When you're Ample Hills Creamery , the #1 rated ice cream shop in the country you can pretty much throw everything you've been told about fundraising out the window. Nothing seems to apply--you're not a tech company, you bootstrapped your way to millions in revenues before taking on capital, and you sell mostly through brick and mortar.

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Why an Entrepreneur Should Consider Outside Financial Advice

Entrepreneurs' Organization

Knowing how to maintain and grow income is an important question given that profit margin is one of the top concerns for entrepreneurs. Even so, should an entrepreneur manage his or her own finances and investments or hire a professional? Merrill Edge Vice President Whitney Trimble answers top-of-mind questions about whether or not to seek outside financial advice.

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An experienced coach has seen your movie before.

Berkonomics

Business coaches come in all sizes and shapes. Entrepreneurs will have a relative willing to devote time, a school friend with business experience, professionals who charge for the service, investors with a reason to promote your success and more. Photo courtesy IBM Business Coaching. But by far the best coaches are those that have lived through the process you’re going through and built successful enterprises in your same industry.

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3 Reasons Top Startup Investors Want More IP in Their Portfolios

propel(x)

And why it is considered one of a startups most important assets. IP as one of a company’s most important assets. Everyone hears that IP is one of a company’s most important assets, and for many companies in today’s technological landscape, a crucial one. The World Intellectual Property Organization says that “complementary research-based market valuations of firms in Standard & Poor’s 500 Index indicate that intangible assets account for around 80 percent of the average firm’s value. 1 ” At

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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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Corporate Coworking: Drivers, Benefits & Challenges

Deskmag

The utilization of coworking spaces by corporate companies is on the rise. Factors feeding the trend include increased flexibility, lower costs, greater emphasis on employee values and the global drive towards innovation. However, corporates have their own strategic position when it comes to coworking. Why do they utilize such space and what are the advantages and disadvantages of doing so?

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Unlikely places and untangled goals

Derek Sivers

I once went without food for ten days, and that was fine. But the two things I can’t do without for long are solitude and silence. (Freedom from people and their noises.). I was on a holiday in Ireland with seven members of my family, all packed into a van, exploring the country. A week after they left, I had to be at a conference in Dublin. So in-between those two events, I wanted nothing but solitude and silence.

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How and Why to Use Facebook’s Engagement Custom Audience Targeting Feature

Entrepreneurs' Organization

By Jacob Dayan . Facebook’s audience data and targeting tactics for advertisers are the platform’s biggest moneymakers. For years, the social media platform has given advertisers great ways to expand their reach, allowing brands to build audiences based on user data, page likes, website activity and CRM uploads. The social media juggernaut continues to refine its targeting features, and last year the company rolled out Engagement Custom Audiences.

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Several more real costs of taking outsider investments.

Berkonomics

Close. Let’s talk about the reality of taking money from professional investors. It is not the first time we’ve covered this general subject nor the last. But this time, we concentrate upon governance changes. Once a company founder has tapped the funds available from his or her resources and from friends and family, if the company needs more cash for growth, the most obvious next step is to look for money from angel investors and venture capitalists, typically in the $300,000 TO $3,000,000 ran

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Beyond VC: Funding Options for Early-Stage Startups

Gust

It’s that time of year when we’re all staring down the end of the December, wondering where the months have gone. This is also the time when a lot of entrepreneurs wrestle with their plans for the next year, asking themselves: Where should I bet big? Are the growth targets right? How am I going to pay for all these. Read more >. The post Beyond VC: Funding Options for Early-Stage Startups appeared first on The Gust Blog.

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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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Men Say …

Both Sides of the Table

Men use similar tropes on why #MeToo may go too far. It’s time to break these down. It’s time for more men to start saying, “enough is enough,” “I believe her,” and “I will step out of my comfort zone and speak up so that others feel empowered to follow me.” Men will make mistakes. But mistakes are much better than silence. Mistakes are better than condoning misconduct, harassment, bias or abuse.

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Meetings Shouldn't Be Boring

Tomasz Tunguz

A friend suggested that I read the Five Dysfunctions of a Team over the weekend. Though I’m passionate about business books, I rolled my eyes. I had seen this one on best seller lists for a long time, and never thought it would have much to offer. I admit my book-cover bias was wrong. The author has a counterintuitive assertion. Meetings shouldn’t be boring.

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You Want on That List and Here's How

This is going to be BIG.

With each passing year, we get another set of lists: Startups to Watch Founders Who Crushed It Bald VCs in NYC You Should Pitch When you're on the list, you're tweeting the heck out of it, very modestly of course, and getting all your investors in friends to do the same. When you're not on it, you tell yourself the list was b t for whatever reason, or that you don't have time to pitch yourself because you're too busy running a real company.

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Learning Leadership by Taking Risks and Setting Direction

Entrepreneurs' Organization

By Kevin Bonfield, founder and managing partner at Concentre and a member of the Entrepreneurs’ Organization in Dallas, Texas. I love the beach. Which is great for me, because my family loves the beach as well. The beach provides an all-over experience for me, triggering all five senses. The sound of the waves rolling onto the sand, the birds flying and calling and the other people on the beach, including my children, giggling and screaming as they run around; the feel of the sun and the

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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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How to calculate your total addressable market and make a great TAM slide for investors

For Entrepreneurs

I’ve seen hundreds of startup pitch decks in my time at Matrix, and have found total addressable market (TAM) slides to be among the most frequently mis-executed. I get the sense they are often included as a formality in an attempt to get VCs to check a mental box and continue on hearing about other.

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How well do you use your business time?

Berkonomics

Forming business relationships at the highest level. As you follow these insights from ignition to liquidity event, you’ll detect a continuing theme, emphasizing the need for deep and wide relationships that the CEO and senior staff can call upon for advice and guidance. This is the time to elevate those insights to the level of highest value for the corporation, one that cannot be listed on a balance sheet nor included in an appraisal of corporate worth.

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Megan Avard on ABC Brisbane

Startup Catalyst

Listen to Megan Avard talk about her experience on the Female Founders Mission to London on ABC Brisbane.

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Jettisoning the Assumptions of Last Year

Tomasz Tunguz

There’s a crisis in the scientific academic world. It’s called the Replication Crisis. Scientists have found that they cannot replicate the results published by many scientific studies. The same thing is happening in the world of business. Over the last 15 years I’ve read several hundred business books, and I’ve written one. Across those 15 years, one of the most interesting is a book called The Management Myth, which traces the history of management science back to its l

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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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Don't Be Dismissive

This is going to be BIG.

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How AI Is Disrupting the Legal Industry

Entrepreneurs' Organization

By Brian Hall, a member of the Entrepreneurs’ Organization in Austin, Texas. Traditionally, technology has done a lot for the law. Computers allowed lawyers to produce, store, and edit legal documents more easily. Emails improved client communication and record keeping. Online databases saved lawyers a trip to the law library. However, recent developments in artificial intelligence (AI) and machine learning have created shockwaves through the legal world.

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The Never-Ending Journey: In Search of Product-Market-Fit

For Entrepreneurs

Intro Many potentially great companies fail each year because, while they have an incredible product, they don’t figure out how to get it to market fast enough. Figuring out how to reach customers and break through to Product-Market-Fit remains one of the hardest parts of building a successful startup. This post introduces a four stage.

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How would you like a great advisory board?

Berkonomics

Have you ever thought of creating an advisory board? As you can guess, that would be an informal group with no legal responsibilities, but one able to be called upon to act as business, industry and scientific advisors to you and the company. Usually, you would want to create an advisory board to fill in the critical areas of need not evidenced in the board of directors or within the company itself.

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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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What’s your VC tech stack? Results from a survey of early-stage VC funds

David Teten VC

(written by Philipp von dem Knesebeck , Managing Partner, Blue Future Partners (bluefp.com, @bluefutureteam ), and David Teten ). VCs are at the forefront of technological disruption, funding many of the latest cutting edge productivity tools. But what tools are they using themselves to automate their own processes? As a globally focussed LP in early stage VC funds, we at Blue Future Partners have observed a growing trend of firms investing substantially in software tools, whether developing

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“Customer First” Healthcare

abovethecrowd.com

The subject of the “consumerization of healthcare” has been around for many years. Most frequently people use this phrase in association with personal technology devices (heart-monitors, exercise accessories, sleep monitors, etc) that allow consumers to take direct control of their health information. There is however, a more important trend that relates alternatively to the consumerization of the “business” of healthcare.

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Finding Community in NYC Tech Again

This is going to be BIG.

There's a thread going on Twitter about doing a BarCamp in NYC again. I started with a tweet from Jeff Namnum about how he joined the tech community. Forever grateful to @tonybgoode @noneck @whitneyhess @ceonyc and others for making a Long Island guy feel welcome a hundred years ago at barcampNYC. Absolutely changed my trajectory. — Jeff Namnum (@namnum) December 8, 2017.

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In My Words: Aaron Lee on How EO Accelerator Altered His Journey

Entrepreneurs' Organization

Aaron Lee is the CEO and founder of iluma Agency (formerly Illuminati Studios) and joined EO South Florida in 2011. . I joined EO Accelerator in 2009, when I owned a business and my business owned me. I had been bumping up against the growth ceiling for 10 years and needed to understand why I was in business. In the summer of 2010, just after graduating into EO, I was standing on a cliff enjoying the amazing view in Positano, Italy, when it hit me.

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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.