October, 2022

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Why Startups Really Fail, and How To Fix It

Entrepreneur's Handbook

Photo by Matthew Osborn on Unsplash As founder of six startups, advisor to founders, and a startup strategist at IMD ( #1 ranked business school ), I see many mistakes being made and have made many myself. What drives me crazy is that the same mistakes happen again and again. So here is my scary list of the most impactful mistakes founders make: Mistake 1: Scaling Early (Means Failing Early) The top three reasons why 90% of startups fail are “no money,” “no market need,” and “too strong competi

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EO members share 9 lessons learned from childhood entrepreneurship

Entrepreneurs' Organization

Contributed by Kym Huynh, an EO Melbourne member, EO Global Communications Committee member, and co-founder of WeTeachMe. Kym is fascinated by entrepreneurs and their journeys, so he asked EO members from various chapters to share their experiences. Read his earlier posts on what EO members wish non-entrepreneurs knew about entrepreneurs, how EO members define success , the impact of core values , lessons learned from their best and worst partnerships and the best advice they’ve ever received.

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Orlando has all the ingredients to be the next big startup hub

TechCrunch

There’s much potential for Orlando to be what Austin is to Texas, what Atlanta is to Georgia — a booming hub where startups flock from around the world to dream, innovate and grow. The numbers are already showing potential: New PitchBook data found that in the first half of this year, a little more than $360 million was invested in the Orlando-Kissimmee metro area, way more than the $144 million invested in H1 last year.

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Seraf Toolbox: Dealing with Restricted Stock - Model IRS 83(b) Election Form

The Seraf Compass

Many years ago I joined the board of a company after my angel group became the lead investor in the company’s seed financing round. As part of my compensation for being a board member, the company issued me restricted stock. Since I was new to the early stage investing world, I didn’t understand what the tax implications were with restricted stock. It’s unfortunate that I didn’t get good tax planning advice at the time, because if I had, it would have saved me a significant amount on my tax bill

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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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The real guide to building a business from someone who has built Europe's first on-demand fuel business

Founder Bounty

Building a business or startup is hard and risky. You have to be dedicated, and motivated a reduce your chances of failure. Im Vlad Kozul and I have build Europes first ondemand fuel company. In this article, I want to give you some of the learnings and lessons for you to make your side hustle and business successful. Check out what we had build here: Lessons learned from Building Europe’s first OnDemand fuel station from its COO Before Shell tap-up and Cafu and others, we built Euro

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Weekly 19: How to sell your startup to VCs in one minute

Entrepreneur's Handbook

Welcome to another edition of our new newsletter! You’ll receive the best practical startup advice straight to your inbox every week. In this week’s edition, we share: Why your pitch deck has one minute to sell investors on your startup The 7 types of startup founder, and why it matters to you Let’s do this. P.s. Listen to our latest podcast episode w/ Henri Pierre Jacques here How to grab a VC’s attention in just 1 minute When DC Palter receives a pitch, it has his attention for a minute.

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Q&A with GSEA ‘Together We Grow’ Award Winner, Arnold Shoko

Entrepreneurs' Organization

The EO Global Student Entrepreneur Awards (GSEA) is the premier global competition for students who own and operate a business. Nominees compete against their peers from around the world in a series of local and national competitions in hopes to qualify for the GSEA Global Finals. GSEA delivers on its vision to empower student entrepreneurs to become the world’s most influential change makers by supporting student entrepreneurs who require much-needed mentorship, recognition and connections to t

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Fast Forward Venture Studio to build African startups from idea to scale

TechCrunch

Opeyemi Awoyemi , one of Nigeria’s well-known serial founders, is back with another outfit. It’s not a tech company this time — Awoyemi co-founded online jobs site Jobberman (which was acquired by ROAM Africa in 2016) and Whogohost, a bootstrapped hosting platform — but instead, a venture studio: Fast Forward Venture Studio. Awoyemi choosing this route is quite interesting, especially as many African founders either launch syndicates or venture capital funds post- or duri

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a daily run, part two

Derek Sivers

In my previous post, “ a daily run ” — (please read it first ) — running was a metaphor for whatever actions you take in your life. The story is about how we choose beliefs because they’re useful, not true. Beliefs make emotions. Emotions make actions. Actions come from emotions. Emotions come from beliefs. So choose whatever belief makes you take the action you want.

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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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Want to Recruit Top Talent? Start Thinking of Work as a Product That You Sell.

This is going to be BIG.

So many times, I’ve heard founders ask me, “How do I find great engineers?” or “Do you know any awesome marketers?” That always struck me as the wrong way of looking at the problem—but I couldn’t quite figure out why. I realized that you’d never ask this question if you had built a consumer app and you were trying to do customer acquisition. No one ever asks, “Where do you find users for my dating app?

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Sales Efficiency through Covid : Reading the Tea Leaves for Startups

Tomasz Tunguz

In 2017, SaaS companies reported their cost of customer acquisition had increased by 65% in the previous five year period. What happened to these figures during Covid? We can examine the sales efficiency of public software companies to get a sense. Since 2016, the average public software witnessed its sales efficiency winnowed from 52% to 47%, a decline of about 10%.

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A Venture Capitalist Told Me How He Decides Which Startups to Fund, and I Couldn’t Believe It

Entrepreneur's Handbook

The real reasons people invest in startups aren’t always what you’d think. Continue reading on Entrepreneur's Handbook ».

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3 Lessons Learned from Living in Adventure Mode

Entrepreneurs' Organization

I spent 14 years building and scaling my business, International Nomads. We launched in 2006 as the first full-service digital agency in the Kingdom of Saudi Arabia and Middle East region. We crafted digital strategies for brands and built apps, games, marketing campaigns, and story-driven experiences long before it was popular in the region. We were explorers and adventurers, like many startups: Following our passion, trusting our gut, and building something we loved.

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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.

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Nigerian proptech Spleet gets $2.6M led by MaC VC to scale its property management products

TechCrunch

For the average individual living in Lagos — Nigeria’s most populous city, with over 20 million people — apartment hunting is an extreme sport. Not only is rent expensive — low- to middle-income housing can cost between $1,000 and $5,000 yearly — but renters must also pay a year in advance, sometimes even two before moving in.

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How To Raise Capital and How Raising Capital Has Changed

Gust

How has fundraising changed in the last few years? Between COVID, the evolution of the API economy, and a increase in second, third & fourth time founders who are seeking funding. Janelle van Deventer breaks down the options for raising capital through bootstrapping, dilutive investors, government subsides and various forms of debt. The post How To Raise Capital and How Raising Capital Has Changed appeared first on Gust.

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Brazil’s Surprising Fintech Tailwind

Andreessen Horowitz

When most people think of Brazil, the country’s golden beaches, world-class soccer players, and famous Carnaval festival spring to mind. Top of mind for us, however, is Brazil’s financial regulation. Over the past decade, the government has introduced regulatory changes … The post Brazil’s Surprising Fintech Tailwind appeared first on Andreessen Horowitz.

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Project Aims to Relaunch an Ecosystem Builder Speaker Directory

Ecosystem Builder Hub

One of the outcomes from the Kauffman ESHIP Summits from 2017 – 2020 was a set of goals and initiatives that, if accomplished, could help to advance and professionalize the field of ecosystem building. The ESHIP goals were intended to ‘serve as the foundation for our collective action and development of the professional field.’ . Though official work on the ESHIP goal initiatives has ended, some grass roots ecosystem builders continue to pursue the efforts and build on the progress that wa

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Building Healthy Innovation Ecosystems for Your Projects

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

Every startup and innovation project exists within an ecosystem that either helps or hurts that project. As innovation managers, we need to keep a pulse of that ecosystem and make sure we're helping those innovation projects we're managing every step of the way. In this webinar, Nick Noreña will walk through an Innovation Ecosystem Model that he and his team at Kromatic have developed to help investors, heads of product, teachers, and executives understand how they can best support innovation in

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This 21-Year-Old Entrepreneur Built A Six-Figure Business From LinkedIn?—?Here’s What She Told Me.

Entrepreneur's Handbook

The secret lies in one word — Gen Z. Continue reading on Entrepreneur's Handbook ».

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How to Break Free of The Enhanced Silos Remote Work Creates

Entrepreneurs' Organization

Over the last few years, we have learned first-hand the many benefits of working remotely. But there are downsides as well: Namely, the way we communicate between departments and teams in remote and hybrid environments has built bigger silos. In an office, the opportunity for collaborative communication is far greater. With everyone working in the same place, there are more chances for employees to interact organically and communicate with coworkers outside of their teams.

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Homa raises another $100 million for its data-driven mobile gaming tools

TechCrunch

French startup Homa has raised a $100 million Series B funding round. Quadrille Capital and Headline are leading the round. Homa partners with indie mobile game studios so that their games are perfectly optimized to become a hit game on the App Store and Google Play. In other words, Homa builds tools that help third-party developers build games. The reason for that is that it has become incredibly challenging to stand out when you build a hypercasual, casual or board game with a small dev team.

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How Low Could Valuations Go?

Tomasz Tunguz

The public software market continues to compress. Enterprise-value-to-forward-revenue multiples are now below 2016 levels for the first time in 6 in years. The 25th percentile of companies trade at 3.3x today compared to 4.0x in 2016. The median or 50th percentile trade at 4.9x vs 5.6x. The 75th percentile have resisted the downward pull & retain their premium: 7.3x vs 5.8x.

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The Startup Funding Gap

This resource discusses the gap between early funding from friends/family and the more substantial rounds from angel groups and VCs. Why does this gap exist and what can be done about it?

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Launching a Financial Product: How to Choose the Right Funding Structure

Andreessen Horowitz

This article is the first of four installments in our new series, How Fintech Companies Can Simplify Their Funding Strategy. One of the most common conversations we have with fintech entrepreneurs looking to launch a new financial product is about … The post Launching a Financial Product: How to Choose the Right Funding Structure appeared first on Andreessen Horowitz.

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The best places to be a digital nomad in Italy

Founder Bounty

Italy is one of the most beautiful places in the world to work as a digital nomad and so we have compiled a bunch of great cities where it would be easy to work Italy has also started issuing digital nomad visas to people coming from abroad looking to relocate. Digital nomad Visas in Italy: Check this out to get updates on when the digital nomad visa will be available.

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10 Lessons I Wish I’d Learned Before 10+ Years of Entrepreneurship

Entrepreneur's Handbook

They have cost me hundreds of thousands to learn, but will increase your productivity, profitability, and rate of success Continue reading on Entrepreneur's Handbook ».

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The 10 Email Marketing Metrics You Should be Tracking

Feedough

Email marketing is a highly measurable way of communicating with. Read more. The post The 10 Email Marketing Metrics You Should be Tracking appeared first on Feedough.

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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.