September, 2019

industry and university collaboration: how partnership drives innovation

Venture Well

Industry and university collaboration produces groundbreaking research and innovation that solves complex problems, drives economic growth, and creates a more skilled workforce. The post industry and university collaboration: how partnership drives innovation appeared first on VentureWell.

The Secret to Successful Mentorship

Entrepreneurs' Organization

Kristen Harris is the co-founder and COO of Portfolio Creative , a workforce innovation firm based in Columbus, Ohio, USA. As a member of the EO Columbus chapter, Kristen is an active participant in the EO Mentorship program. I’ve been matched with seven amazing local mentors so far!

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How to Craft an Exceptional Update About Your Startup

GAN

Each week, I receive dozens of updates from startups—everything from founders I’ve just chatted with briefly, to founders I’ve mentored, to companies that have asked GAN Ventures for funding.

The Cost of Preemptive Deals

Y Combinator

Recently, while discussing a preemptive funding offer with a company, we noticed that the offer was more dilutive than expected. Wondering if this was an outlier, we looked at 120 US Series A rounds from our portfolio over the past 18 months to see whether or not preemptive offers were generally more or less dilutive than process driven rounds. We were somewhat surprised to discover that, on average, founders taking preemptive offers are taking ~1.4% more dilution for less money.

State of MENA Startups 2019, Report

MAGNiTT and 500 Startups jointly launch first 'State of MENA Startups 2019" report. Survey findings reveal insights on trends in fundraising exercise, exit opportunities, hiring, and growth optimization.

How to Have Difficult Conversations

Co Starters

Overlooked Aspects of Inclusion in Ecosystem Building, Part 2. This article is the second in a three-part series covering sometimes overlooked aspects of inclusion in entrepreneurial ecosystem building.

Some Thoughts On Crypto

A VC: Musings of a VC in NYC

The crypto sector is in an interesting phase right now. The market has rallied from its lows this past winter and is up a lot in 2019: But Bitcoin now makes up almost 70% of that aggregate market cap. In some ways, Bitcoin is the one protocol that has found lasting product-market fit.

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Accessibility as an Advantage in Venture Capital: Why Creating Value for Everyone in the Community Wins

This is going to be BIG.

I believe that the next generation of top companies are far more likely to be founded by people not on VC radars today.

UC Students Gain New Resources, Opportunities Through Expanded Entrepreneurship Program

TechStars

Reposted from the University of California Press Room. The University of California and the Blackstone Charitable Foundation announced today (Sept.

Next Media Accelerator on How Hamburg Helps Startups Gain Momentum

GAN

Hamburg is Germany’s second-largest city with 1.8 million people and a metro region of about three million. The city is, of course, known for its seaport, the third-largest in Europe. It’s also among the top three locations for the aviation industry in the world. Hamburg prides itself as “The Gate to the World” and is home to all branches of the economy, ranging from aviation to maritime and logistics, as well as the creative and media industry.

Revolutionizing responsible tourism in Nicaragua

Young Leaders of the Americas Initiative

“Every action we take, big or small, can make a difference in our society,” says Damaris Guardado, co-founder of Purpose Driven Tours Nicaragua. “I I cannot change the world, but I can contribute to make it a better place to live.”.

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?

Why Positive Cashflow Matters

A VC: Musings of a VC in NYC

Venture backed companies have a strange relationship to positive cashflow. Because they have financial backers who can and do finance losses, they tend to operate in the red for a long time. In the early days it makes sense to burn cash. If you do not have revenues, you can’t generate cash. And if you can’t grow your revenues without investing out ahead of income, then you also need to be able to operate in the red.

closing the gender gap in STEM entrepreneurship

Venture Well

Tara Loomis spoke with Isabelle Monlouis about ways the broader innovation and entrepreneurship community can help close the gender gap. The post closing the gender gap in STEM entrepreneurship appeared first on VentureWell. Faculty inclusive entrepreneurship STEM

Thoughts on WeWork

This is going to be BIG.

I got asked by a reporter yesterday what I thought about WeWork’s IPO situation and I’ll summarize what I said here: First off, let’s pull back for a moment and acknowledge that WeWork has built a huge company that generates a ton of value for its members. Real estate was previously a huge headache for small businesses before WeWork made co-working mainstream. I don’t know where its valuation will wind up, but I believe that there is a going concern there that is worth billions of dollars.

From Zero to Tech: Growing Startup Culture in Bhutan

TechStars

How does a country go from lifting a national ban on television in 1999 to nurturing tech startups in 2019? What does a startup ecosystem look like in a United Nations’ classified Least Developed Country?

Pittsburgh: A City Fueled By a Culture of Innovation and Community

GAN

We just finished the first leg of the GAN Momentum Tour in Pittsburgh. It was the first of five trips we’re making around the world where accelerators, corporate partners, and startups come together around one purpose: Helping startups who are operating in unique places around the world (“everywhere else” places—the cities that might not be considered major tech hubs) gain more momentum, wherever they call home. You can see a 90-second video of all that happened here.

Build a Better Tribe, Build a Better World

Entrepreneurs' Organization

In August 2019, Kimberly Hickok Smith spoke at the MyEO Women of EO Summit in Bogota, Colombia.

The Hit Rate

A VC: Musings of a VC in NYC

This simple and short blog post by the folks at Correlation Ventures contains the key to venture capital returns – the hit rate. In the Correlation post, they define “hit rate” as: the percent of invested dollars generating a 10X or greater return.

Bridging the Rural Opportunity Gap

Co Starters

Overlooked Aspects of Inclusion in Ecosystem Building, Part 3. This article is the third in a three-part series covering sometimes overlooked aspects of inclusion in entrepreneurial ecosystem building. Part one considers age inclusion.

Faculty Spotlight: Julie Messing from Kent State University

Venture Well

Julie Messing from Kent State University is working to help all students, regardless of discipline, gain an entrepreneurial mindset. The post Faculty Spotlight: Julie Messing from Kent State University appeared first on VentureWell. Faculty entrepreneurship education teaching resources

How to Generate Signals that Matter to Early Stage Investors

TechStars

Photo by Chinh Le Duc on Unsplash. Build a strong team with direct and relevant reputation. To be clear, names alone don’t matter as much as the relevance of the team members to the challenge facing your business. Example: Selling SAAS to enterprise?

United Nations Development Program and 500 Startups Join Forces to Bridge the World of Impact Financing and Tech Startups

500

Startup founders often have ambitions not just to make money, but to change the world. So, how do we help these founders accomplish these goals? Enter ImpactAIM Indonesia, a program forged from a partnership between 500 Startups and the United Nations Development Program (UNDP).

A Look Back at 2017 GSEA With the First Runner Up

Entrepreneurs' Organization

Sadira Yeong Min Yi was a student at the University of Malaya when she competed in the 2017 EO Global Student Entrepreneur Awards (GSEA). After earning a spot as a finalist, she traveled to Germany to take part in the Global Finals—where she won first runner up! .

Scaling In Lower Cost Locations

A VC: Musings of a VC in NYC

This is a topic I’ve written about a bunch over the years. I feel like it is becoming more urgent every day. Last week I heard some shocking numbers about salary levels for certain kinds of engineers in the bay area. I checked them out with a few of our bay area portfolio companies and they were more or less corroborated.

YC and Ginkgo Bioworks announce new partnership for synthetic biology startups

Y Combinator

Ginkgo Bioworks was the first bio company YC funded, back in summer 2014, which makes us especially delighted to announce a new partnership between YC and Ginkgo. Ginkgo Bioworks programs cells. They program them to produce flavors, fragrances, cannabinoids, food proteins, and more. To do that, they have built the world’s most advanced compiler and debugger of genetic code for the rapid engineering of new organisms.

innovator spotlight: clay andrews of HALE

Venture Well

Clay Andrews, co-founder of E-Team, HALE, has learned that over-thinking can prevent a good idea from ever getting out of the lab and into the market. The post innovator spotlight: clay andrews of HALE appeared first on VentureWell. Early Stage Innovators healthcare technology startup

Two years into investing out of our first Impact Fund: here’s what we’re learning

TechStars

Two years ago, we raised our first impact fund, closing just under $7M in the fall of 2017. Since then, we have made over 73 investments and our fund is nearly fully invested. .

Welcome Tony Wang as 500’s New Managing Partner

500

500 centers itself around supporting bold, innovative founders around the world. As venture dollars increasingly shift towards being deployed outside of the U.S., firms need to be thinking about their strategy to manage the trend towards globalization.

4 Leadership Secrets I Wish I Knew Before I Became a Manager

Entrepreneurs' Organization

Written by Violet Lim, an EO Singapore member and the co-founder of Lunch Actually , Singapore’s first and largest lunch dating agency. A version of this article originally appeared on LinkedIn. . I first became a manager at 24, the year that we started the business.

Founder Control

A VC: Musings of a VC in NYC

I have not written a lot about this issue. As I said in this post , I am generally a “one share one vote proponent”, but I have supported founder control provisions in a few companies where I was or am on the board. These provisions make me uncomfortable but there are solid arguments for them, particularly when you are taking a company public and want to be able to keep it independent.

Talking About Diversity and Inclusion

Co Starters

Overlooked Aspects of Inclusion in Ecosystem Building, Part 2. By Rich Bailey. This article is the second in a three-part series covering sometimes overlooked aspects of inclusion in entrepreneurial ecosystem building.

Advancing your business with the help of an accelerator

Young Leaders of the Americas Initiative

When emerging entrepreneur David Davila started to develop his idea of a family business selling coffee, one of his friends recognized that he had a great idea and encouraged him to apply to Union Kitchen, a startup accelerator in the United States.

Janet Bannister on human-centered investing

TechStars

Canadian VC Janet Bannister, a partner at Real Ventures, loves investing in “conscious founders” who are trying to make the world a better place. Her style of “human-centered investing” prioritizes people and relationships, and investing in smart, self-aware, teachable entrepreneurs. .

Applying to YC Early Decision – Rent the Backyard (YC S19)

Y Combinator

We began offering the option to apply to Y Combinator Early Decision last September. If you’re a student, applying Early Decision to YC allows you to apply one batch ahead of the current one. For example, you can apply to YC in September, get your acceptance in October, and start the program in June after you graduate. We tried it as an experiment and it worked so well that we’re offering it permanently now, for both Winter and Summer batches.

Can You Afford a Marketing Team?

Entrepreneurs' Organization

Written by Jackie Carrillo, a content coordinator and contributor who writes on technology, marketing, business management and education. . For high-achieving startup founders and entrepreneurs, marketing might feel like a no-brainer to tackle on your own.

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Hair On A Deal

A VC: Musings of a VC in NYC

In a perfect world, everything about a potential investment will be confidence inducing. The team will be great and reference well. The market will be huge. The technology will be well developed. The price and terms will be attractive. But the world is not perfect. There will always be things about a potential investment that create heartburn.