March, 2010

article thumbnail

What’s it Like Being a VC?

Both Sides of the Table

One of the questions I’m most often asked is, “what’s it like being a VC?&# I’ve been a VC for nearly 3 years now. Since I answer this all the time anyway I thought it might make an interesting blog post. I always start my answer to this question with, “you’d have to be a pretty big baby to complain about being a VC.&# That’s true.

VC 312
article thumbnail

Five common misconceptions about building a startup in New York City

This is going to be BIG.

It’s really difficult for me not to get into the thick of discussions about whether or not you can and/or should build a company in New York City. I grew up here, went to school here, and have worked hard over the last 5+ years to help build up the NYC innovation community. I’m extremely passionate about the topic and so when my city gets picked on, I tend to respond confidently and with the same (and sometimes greater) force than I perceive the complaint to have.

startup 284
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Wasted time is money lost. (And another story of lost opportunity.)

Berkonomics

There is a relationship between time and money that is more complex than most managers think. Fixed overhead for salaries, rent, equipment leases and more make up the majority of the “burn rate” (monthly expenses) for most companies. Since this number is budgeted and pre-authorized, managers tend to focus upon other things such as sales, marketing and product development issues.

article thumbnail

Want to Start a Technology Company in LA?

Both Sides of the Table

Los Angeles. People either love it our hate it. All the stereotypes and caricatures are overblown. And we’re left with a city with idyllic weather, major commerce, the media center of the world, and a great emerging technology scene. We have an abundance of ethnicities, culinary options, music and culture. Randy Newman said it best, “ I love LA &# (Worth a 2 minute watch for pure nostalgia.

article thumbnail

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.

article thumbnail

Don’t be a Grin Fucker

Both Sides of the Table

OK, this will be a test of whether using real curse words in your title or post gets all of your stuff blocked by spam filters or from appearing on HackerNews or the like. I thought about trying to spell it differently (like Guy Kawasaki always says Bull Shitake (as in the mushroom, but slightly misspelled) but somehow it lost the same effect that this saying has always had for me.

More Trending

article thumbnail

Should Your Startup Give Performance-Based Warrants?

Both Sides of the Table

This is part of my ongoing series on Startup Advice. Large companies can be strange sometimes. As startup entrepreneurs we all want to work with them because having their name as reference clients makes it so much easier for marketing, PR, selling to other customers, fund raising and even recruiting. Plus, we’re all allured by the false sense that our contract with BigCo is going to “make us&# because once they start using us it will spread like wildfire and the revenue will flow i

startup 298
article thumbnail

Everything I didn’t learn about startups as a VC (…or why VCs don’t make good entrepreneurs)

This is going to be BIG.

There are a lot of great venture capitalists who started out as entrepreneurs like Vinod Khosla or Josh Kopelman. Going the other way, however, seems to be a bit tougher. In fact, I don’t really know anyone who has successfully gone the other way. Many entrepreneurs turned VCs wind up going back, but to start out on the investment side and then successfully launch a company seems to happen much less frequently.

VC 292
article thumbnail

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

Both Sides of the Table

I guess let’s file this under sales & marketing advice. I recently wrote a piece for Mashable on how to create a company blog. Since it’s already written (and since I promised not to republish on my blog other than a summary) if you’re interested please have a read over there. I have a very detailed article that covers stuff I won’t cover in detail in this post.

advice 286
article thumbnail

Making The Most out of Sitting on Panels

Both Sides of the Table

Many of us in the technology, media and VC world sit on panels at lot. Many of them are painfully boring. It’s a shame since it’s such a golden opportunity for you to build awareness with your audience for who you are and what you do. And it’s a surprisingly great way to meet people in this industry who share the stage with you.

advice 284
article thumbnail

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.

article thumbnail

I Just Invested in @Burstly, a Mobile Ad Management Company

Both Sides of the Table

I’m very pleased today to announce that I invested, on behalf of GRP Partners, in Burstly alongside Rincon Venture Partners , an early stage VC in Southern California whith whom we love to work (and were our co-investors on RingRevenue ). Burstly, a Santa Monica based company, provides an open and free ad management platform that helps mobile application developers better monetize their inventory.

investing 282
article thumbnail

Launchpad LA – More Details Revealed

Both Sides of the Table

Today we announced Launchpad LA V2. Full press release with more details is here. We will be selecting 10 startup companies to participate. There is no cost but you must physically be based in or move to Los Angeles for the 6 months of the program. Applications are due April 6th, 2010, the form is on the website and the Twitter address is @launchpadlad.

article thumbnail

I’m Moving You to BCC

Both Sides of the Table

After a few days of controversial blog posts I thought I’d try something more light hearted today. Fred Wilson once wrote about the topic of how to introduce two people who don’t know each other via email. He called it the “ double opt-in introduction. &# He talks about the stuggles of email introductions when you’re dealing at scale.

advice 255
article thumbnail

Open Angel Forum San Fran – Team Calacanis Raises the Bar

Both Sides of the Table

I attended the inaugural Open Angel Forum in Los Angeles back in January and wrote about it here. Jason Calacanis started this initiative in response to the pay-to-play network of angel events that he despised. I’m a huge supporter of his initiative to help end this practice. The first event was a big success and brought out many of LA’s angel elite.

education 254
article thumbnail

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.

article thumbnail

Don’t Build a Content Ghost Town

This is going to be BIG.

When a reader lands on my blog, they’re going to run into a lot of people. First off, there’s me. I am front and center when it comes to being in close proximity to what I write. Not only is my e-mail address on my blog, but I even have a live Plugoo widget that you can type into and send me a message on AIM. Sometimes I’m not there or I’m busy, but I’m generally pretty responsive, since I spend a disproportionate amount of my day in front of the computer with a chat client open.

article thumbnail

Perhaps a slight oversimplification of my job, but I'll take the compliment

This is going to be BIG.

First Round Capital could do zero deals in New York over the next 12 months and they would still have a major impact on the NY startup scene because they’re paying Charlie O’Donnell to hang out in the Ace Hotel Lobby and chat with any entrepreneur who walks up to him. Charlie and the rest of the emerging investor class in NYC are guys who can and will connect the finance guys to the media guys, the tech wonks to the policy wonks and the creatives to the quants.

article thumbnail

Twitter Networks are Different than Social Networks

Both Sides of the Table

If you use Twitter and think it is a valuable service then you’re probably tired of the steady stream of your friends who tell you it’s just a fad and they don’t feel compelled to join. They “don’t care what people ate for lunch.&# They’re fine on their existing social networks, which these days mostly means they’re happy with Facebook.

article thumbnail

What is the Right Amount of Money to Raise at a Startup?

Both Sides of the Table

This is part of my ongoing series on Raising Venture Capital. Recently I’ve been debating with a number of young startup companies that are raising money in the next few months, “what is the right about of capital to raise at a startup?&#. It’s a tricky question with no clear answer. There are trade offs. And it obviously depends on the kind of business you’re building.

startup 319
article thumbnail

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

article thumbnail

Find your “teacher-customer.”

Berkonomics

Your customers know what they want more than you do. Find one to teach you. This insight came from personal experience and from a good friend who advanced the notion of the “teacher-customer” years ago. I internalized this phrase, recalling the many times I had partnered with customers to design new feature-functionality into my hotel computer system back when such systems were brand new to the industry. .

article thumbnail

How to Quit Your Job

Both Sides of the Table

File this under entrepreneurial advice. I know that this will sound like a random post topic for startup advice but I promise it’s relevant. You actually need to give advice to nearly every employee whom you offer a job to on how to best quit their job. This is important to improve conversion rates of accepted offers / joiners, shorten the time-to-join ratio and the improve the ability of that employee to maintaing good relations with their former employer.

advice 294
article thumbnail

How to make the best out of an investor meeting (and how to see my free times with Tungle.me)

This is going to be BIG.

Over the last couple of months, I’ve had the great pleasure of meeting with a ton of early stage startups. Most times, the entrepreneurs are great, the ideas are sometimes hit and miss, but the biggest variance is their ability to effectively run a meeting. I’m not talking about having a great pitch—because sometimes a pitch isn’t what a particular style of meeting really calls for.

article thumbnail

Social Discovery – What I Love about @plancast

Both Sides of the Table

I’ve been enjoying using Plancast over the past month or so. I’m not an investor and though I wouldn’t rule it out in the future I’m not currently looking at the company. Just wanted to get that out of the way up front so I won’t look like a vested-interest fanboy. In fact, for the research of this post I just noticed that they announced funding today – congrats.

article thumbnail

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

article thumbnail

Looking at the World Through Plan-colored Glasses

This is going to be BIG.

I just spent some time this morning with an entrepreneur whose business was operationally demanding and depended a lot on 3rd party companies. In the very near term, the best laid plans always seemed to go awry when the next customer fire needed to be put out. Writing out a roadmap seemed like an exercise in futility. On top of that, he wasn’t sure how much board communication was necessary.

mix-use 213
article thumbnail

Draft Results for the Jesuit Ultimatum

This is going to be BIG.

This is what my fantasy team looks like for this year. Outside of Gardiner, we're a bit slow around the bases, and we're going to need a real 2nd closer, but I'm happy with what I put together on draft day. I think I'm going to get a lot more out of Carmona and Young than what CBS has projected. and that my starting pitching should be pretty tight. Tags: Baseball and Other Sports.

pitching 186
article thumbnail

Rainy Day at the Ace

This is going to be BIG.

It’s raining in New York today… enough rain between today and yesterday to make people think we might be in for thirty-eight more days of it. I am nestled on a bear throw in the lobby of the Ace Hotel. My pant legs are soaked around the ankles and I’m chilled to the bone. So far, three phonecalls, one in person meeting, and not as many e-mails as I would have liked to get back to.

150
150
article thumbnail

6 Tips for Building Relationships with Journalists

Both Sides of the Table

File this under both Startup Adivce and Sales & Marketing Advice. I was over at Robert Scoble’s blog Sunday night reading about the “ Death of the Great Startup Launch.&# I’m not 100% sure that I understood his core thesis but I *think* it was that startup events such as Demo force such a zone of secrecy about what you’re working on (with a threat of being kicked out of the event for leaking your story) that they kill the ability for most companies to dazzle people

advice 307
article thumbnail

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.