November, 2017

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What Happens When Startups Turn from Their Innovation Stage to Operational Excellence?

Both Sides of the Table

Nearly every successful tech startup I’ve observed over the past 20 years has gone through a similar growth pattern: Innovate, systematize then scale operations. An alternate outcome that I also unfortunately observe in some cases are companies who had extreme early success with an initial product adoption but failed in key areas that limited the growth and therefore the ultimate financial outcomes.

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Five Lessons to Learn from the Success of The Wing

This is going to be BIG.

Two years ago, Brooklyn Bridge Ventures became the largest seed investor in The Wing --a network of co-working and community spaces for women founded by Audrey Gelman and Lauren Kassan. They recently opened their second location in Soho after raising an $8mm Series A from NEA earlier this year, and their 3rd and 4th will open in the next few months.

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Global Entrepreneurship Week 2017: Company Culture Matters

Entrepreneurs' Organization

This week, EO joins with the Global Entrepreneurship Network in celebrating Global Entrepreneurship Week (#GEW2017) , which credits the importance and growing impact of entrepreneurship, and features an international calendar of events and partnerships. From 13–19 November 2017, we’ll share exclusive content designed to inspire and inform every entrepreneur—whether you’re in start-up mode or you’re a battle-scarred founder.

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What happens when you take 12 investors to Silicon Valley?

Startup Catalyst

In November 2017 we delivered our first Investor Mission, heading to San Francisco for an intensive week meeting with angels, VCs, corporate venture programs, accelerators, startups, pitch events, and dinners. The mission was led by Steve Baxter, an investor on Shark Tank and the current Queensland Chief Entrepreneur. Who we took. The mission participants were a mix of angel investors, VCs, and an accountant and lawyer (who manage investment deals) from Queensland and New South Wales.

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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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3 Reasons Angels Invest in Deep Tech

propel(x)

Deep Technology refers to an industry space that deals exclusively with breakthroughs in science and engineering. It aims to increase the amount of meaningful innovations brought to the investing marketplace. In a culture where new apps are born hourly and crowdsourcing has made entry into the investing space easier, deep technology startups can offer serious investors a means of distinguishing themselves from the herd.

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An Antifragile Thanksgiving

Tomasz Tunguz

I’m grateful for all the entrepreneurs who have spent time teaching me how to build their companies. Over these past few days, I have been reading the book Antifragile written by Nassim Taleb. In the book, he writes about many provocative things, but the one that sticks out with me this holiday is about innovation, and it harkens back to the original title of this blog that I started to write nearly 7 years ago: ex post facto.

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Rethinking Our Heroes

This is going to be BIG.

As I sat in the movie theater watching Justice League, I thought a lot about the idea of a hero in the context of 2017. Generally, we've thought of heroes as possessing some kind of special power--or larger than life. We've confused the powerful and influential for people we should look up to. Yet, as we've seen in the retelling of a lot of the comic book stories on screen, our heroes aren't always purely good, nor are they as good at being people as they are at being powerful.

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Global Entrepreneurship Week 2017: The Work-Life Balancing Act

Entrepreneurs' Organization

This week, EO joins with the Global Entrepreneurship Network in celebrating Global Entrepreneurship Week (#GEW2017) , which credits the importance and growing impact of entrepreneurship, and features an international calendar of events and partnerships. From 13–19 November 2017, we’ll share exclusive content designed to inspire and inform every entrepreneur—whether you’re in start-up mode or you’re a battle-scarred founder.

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Building a Repeatable, Scalable & Profitable Growth Process

For Entrepreneurs

I gave a talk this year at the 2017 SaaS North conference in Ottawa, where I discuss the fundamentals of building a repeatable, scalable, & profitable growth process for a startup. Building a Repeatable, Scalable & Profitable Growth Process [View on Slideshare].

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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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Here’s Why You Should Consider Investing in Deep Tech

propel(x)

Propel(x) is at the forefront of the deep technology investment space. We’ve discussed what distinguishes a deep technology startup in a past blog, but now it’s time to look at why deep tech is such a hot market right now. In the current market, there is a potential economic incentive to investing in deep technology companies.The sky-high valuations of companies like Facebook, Twitter, and Instagram have created a decline in the valuation of some deep technology companies.

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Are you ready to take on an office lease?

Berkonomics

Rent your first office with caution. . Several years ago, I became involved with a Southeast Asian company looking to expand into the United States. During the discussions with the CEO about hiring North American managers, he made it clear that he wanted us to find a first-class office facility from which to start the search process, and proceeded to name cities that attracted him.

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Reflections from the 2017 Future Founders Mission to Silicon Valley

Startup Catalyst

The 2017 Future Founders Mission just wrapped up it’s two-week stint in Silicon Valley, and in this post we share some of the insights and reflections from participants. Who went? This year we had 529 applications, from which we interviewed 71 to ultimately select the final 20 successful applicants. The partners and sponsors. This mission simply would not be possible without our amazing partners, supporters and sponsors.

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Disagree and Commit - A Management Principle for Highly Functioning Teams

Tomasz Tunguz

Disagree and commit. I first read about this idea in the 2016 Amazon Shareholders letter. But the idea can be traced back to Andy Grove at Intel. Grove wrote about this topic in High Output Management. Disagree and commit is a management technique for handling conflict. There are two parts to it. First, expecting and demanding teammates to voice their disgreement.

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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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Should You Hire Your Next Employee Based on Experience or Potential?

Entrepreneurs' Organization

By Michael Klazema, lead author and editor for Backgroundchecks.com. It’s one of the biggest questions asked by first-time hiring managers: Is it better to hire people based on their experience or their potential? From a cursory Google search, you will see that the most popular answer to this question is “potential.” Most hiring experts seem to think that hiring someone for what they could do in the future is a smarter choice than hiring someone because of what they’ve already done.

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Brittleness comes from “One Thing”

A Smart Bear

We’re tired of hearing how small software companies usually fail. The data show that the two most common causes are: (1) Product isn’t useful to enough people, and (2) Problems with the team. But what about the companies that die even though they did sell some copies of software, and where the early team isn’t dysfunctional? I don’t have data for that cohort (tell me if you do!

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How to Assess a Startup’s Business Model

propel(x)

Looking at a startup’s business model is one of the first things you should do when considering an investment. To get the most thorough results, you’ll want to make sure that there are a few questions specifically addressing the business model as you go through the due diligence process. To get started, though, there are three main things you should look at when considering a startup’s business model: Market Size The market size for a particular company can be a major factor in its potential suc

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Avoid “The tyranny of the new office” syndrome.

Berkonomics

Close. One of the most obvious observations I make with growing company CEO’s is that planning for a new office is done with an optimistic view of the future, incorporating planned space that compromises only slightly the measured needs for the next three or more years as outlined in the financial forecast. The result, signing a lease for space enough to handle the growth called for in the plan, is a predictable group behavior I’ve come to label “The tyranny of the new office.

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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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French Interview: Flexible Mindset = Key to Success

Health Tech Capital

[link]

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Managers Must be Insane to Brainstorm in Groups

Tomasz Tunguz

“Evidence from science suggests that business people must be insane to use brainstorming groups.” That’s a shocking statement. Adrian Furnham, a professor of organizational and applied psychology at University College London, said it. It turns out it’s completely true. Participants in interactive brainstorming groups rated their performance quite favorably…[and] felt that interactive group brainstorming was more productive than individual brainstorming…Howev

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The EO Effect

Entrepreneurs' Organization

Empowering rural development is the mission of EO member’s Vishal Chordia latest venture. I am one of the founding members of the Entrepreneurs’ Organization (EO) chapter in Pune. As a member of EO, my story very much relates to the organization’s five core values—Cool, Boldly Go, Thirst for Learning, Trust & Respect and Make a Mark. It all began with the interaction with the Hon.

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The Foolproof Way to Tell if Your Employees Have Issues

This is going to be BIG.

CEOs, founders and managers are more worried than ever about issues in their organization that they might not be aware of. We've seen a ton of stories come out recently around bad workplace environments, and business leaders know that for every really bad story, there are a thousand festering smaller issues that need to be gotten out in front of before they get worse.

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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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Resources for Angels Considering Deep Tech

propel(x)

There are several reasons angel investors may consider adding deep technology to their investment portfolio. However, it is also a potentially risky endeavor. In an effort to better inform your investment decision making, we’ve compiled a list of resources you can use before you commit. The Angel Capital Association’s Knowledge Center : Packed with advice for angels just starting out, as well as for angel group leaders, the ACA has compiled a library of instructional videos and webinars to aide

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Are you uncomfortable with home-based workers?

Berkonomics

Do home-based employees work with the same dedication and productivity as those in office cubicles next to each other? That depends upon the management as much as the employee. I have a friend who is a. CEO of a recruiting firm who “virtualized” her company after a decade of maintaining a fixed office location. She organizes morning conference calls, has each employee tweet the others in their department when starting work and ending the day, creates the feel of closeness with employee contest

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The Ezra Klein Show: VC Bill Gurley on Transforming Health Care

abovethecrowd.com

In November of 2015, I posted a tweet that declared Benchmark was interested in discovering Internet healthcare investments. Our firm has had the good fortune to invest in many two-sided networks that used information aggregation, supplier aggregation, and user generated content to attract and inform consumers and resultantly disrupt and change different industries.

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Just How Disruptive Are ICOs to the Classic VC Model?

Tomasz Tunguz

Initial Coin Offerings, a fundraising mechanism for companies using cryptocurrencies as a mechanism to buy their service, seem to be upending the world of venture capital. Filecoin raised $250M through an ICO. Tezos raised $232M. Bancor raised $153M. These are massive amounts of money. Recently, I’ve been wondering how prevalent ICOs are and whether they could potentially be a substitute for venture capital.

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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.