October, 2021

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NYC’s Tech Resurgence (continued)

A VC: Musings of a VC in NYC

A few weeks ago, I wrote about NYC’s Tech Resurgence. I observed that NYC continues to develop as one of the world’s leading centers of tech innovation. And then yesterday, I saw this tweet : NYC startups are getting funded at 2/3 the rate of Silicon Valley startups. That’s a huge change from where NYC was even two or three years ago.

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How my 15-year side hustle became my lifelong dream

Entrepreneurs' Organization

Contributed by Maurice Thomas, an EO South Florida member who is one of the Champions of the new EO OneWorld initiative, a membership platform affiliated with EO’s New York chapter which believes that a diverse EO is a stronger EO. EO OneWorld will add value to EO by attracting more EO members from the Black, Hispanic/Latino(a)(x), Asian and LGBTQIA+ entrepreneurial communities.

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TripleBlind secures $24M for a new approach to enterprise-level, privacy-preserving data sharing

TechCrunch

Organizations that have made the leap into using big data to drive their business are increasingly looking for better, more efficient ways to share data with others without compromising privacy and data protection laws, and that is ushering in a rush of technologists building a number of new approaches to fill that need. In the latest development, a startup called TripleBlind — which has devised a way to encrypt data so that it can be shared without ever being decrypted or even leaving the

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A Behind-the-Scenes Look at How Postman’s Data Team Works

Entrepreneur's Handbook

How Postman’s data team set up better onboarding, infrastructure, and processes while growing 4–5x in one year Part of the Postman team before POST/CON , Postman’s annual user conference. Image courtesy of Postman. Postman is no stranger to scale. What started out as a side project six years ago is now one of India’s latest unicorns with a $5.6 billion valuation.

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The B2B Sales Leader's Guide for Any Economic Environment

When economic headwinds pick up, sales leaders are the first to sound the alarm — and chart a new course. Longer sales cycles, larger buying committees, increased price pressure, and smaller teams can quickly combine to reduce your margin for error and increase the urgency to find a solution. To thrive in a challenging environment, sales teams need a rock-solid grasp of the fundamentals and the biggest force-multipliers they can get their hands on.

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Passive Investing in Venture Capital and the Parallels to Public Equities

Tomasz Tunguz

Passive venture capital investing is a relatively new idea. But it’s transforming the industry. As later stage investors permeate venture capital, they are amassing index funds of startups. If the public equities market is any indication, passive investing is here to stay. In public equities, passive investment funds constitute 54% of total dollars in the market, according to Bloomberg Reseearch.

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Startups Galore

A VC: Musings of a VC in NYC

When you look at the recent Q3 numbers on seed and early-stage VC fundraising, you might think we are in the late stages of a VC bubble: The words I would use to describe the current environment in early-stage VC are “fast and furious.” And yet the thing that makes me think this could be the new normal and not the late stages of a bubble is the dramatic increase in the number of people who are choosing to work in or form new startups.

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My Pandemic Pivot: From 0 to 130

Entrepreneurs' Organization

Contributed by Amanda Ma, founder and CEO of Innovate Marketing Group and EO Los Angeles member. As entrepreneurs, we go through ups and downs all the time. These ups and downs impact us deeply because we are so close to and personally invested in our businesses. I am an avid entrepreneur and have now been in the events industry for 15 years. In March 2020 when the pandemic hit and the US shut down, the events industry was completely disrupted.

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Japanese healthcare startup Bisu raises $3.2M seed round to launch its lab-on-a-chip product

TechCrunch

The adoption of telehealth services has boomed in the pandemic — with usage up 38-fold since January 2020, according to a report by McKinsey. While a lot of the attention has been on companies that are building the communications layer between consumers and clinicians, there are also a wave of companies building devices to expand what can be monitored and addressed in a telehealth environment. .

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GitLab from YC to IPO

Y Combinator

We want to congratulate Sid Sijbrandij, Dmitriy Zaporozhets, and the entire GitLab Inc. team on today’s IPO! GitLab Inc., from YC’s Winter 2015 batch, is YC’s first open-source company to go public, the first alum of the YC Growth Program to go public, and one of the earliest investments made by the YC Continuity Fund. GitLab Inc. is one of the most innovative companies to participate in YC’s programs.

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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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Digital Marketing: Can AI Give Your Business the Breathing Space It Needs?

Smart Hustle Magazine

By Wynn Corliss, Chief Operating Officer at Metigy. Around the US, businesses are turning to digital marketing to connect with their increasingly digital audiences. Providing intimate access to customers, digital marketing, utilizing social media, offers a cost-effective way for brands to connect with consumers. With the rise of data-led marketing and artificial intelligence (AI) within digital strategies, the benefits have never been clearer.

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Cyberattacks: Why Cybersecurity Needs to be a Priority for Startups

StartupNation

Cyberattacks are nothing new, but until recently the general consensus in the world of startups and small business was that only big, public companies with plenty of cash, clout and valuable data had to worry about them. That mindset is changing. While a cyberattack can do serious damage to a large company, most likely they will recover and move on.

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Web3 vs Web2

A VC: Musings of a VC in NYC

Now that we are beginning to see what consumer applications are like in the decentralized web (web3), it is interesting to compare that to what consumer applications are like in the centralized web (web2). It became clear early in the 2000s that the big opportunity in the web would be to build large networks of engaged users. That was USV’s initial web2 thesis: USV in 140 characters: invest in large networks of engaged users, differentiated by user experience, and defensible though network

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3 Action steps to bake DEI into your organization’s culture

Entrepreneurs' Organization

Contributed by Bryan Adams , the CEO and founder of Ph.Creative , a global employer branding agency. He is a prominent employer brand thought leader as well as an author , podcaster and speaker. They say good things come in threes; diversity, equity and inclusion are no exception. While you rarely hear about one without the others, conflating them would be a mistake.

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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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ShipBlu bags $2.4M for its e-commerce and fulfilment service in Egypt

TechCrunch

African e-commerce fulfilment startups backed by Y Combinator seem to be piquing investors’ interest this year for their niche e-commerce play. Summer batch graduate ShipBlu is the latest on that list and confirmed to TechCrunch that it has raised $2.4 million in seed funding. The company, founded by Ali Nasser , Ahmed ElKawass , Abdelrahman Hosny in 2020, operates a delivery and fulfilment model.

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30 Smart Decisions To Scale Your Ecommerce Business in 2022

Entrepreneur's Handbook

30 Smart Decisions to Scale Your Ecommerce Business In 2022 Strategies that helped us grow a company from $1 million to $68 million in only nine months Photo by Joshua Sukoff on Unsplash If you’re a new entrepreneur and/or an ecommerce business owner, then you know what it’s like when you hit that wall. When you just need a fresh idea, a new perspective, and a push in the right direction.

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How Small and Medium-sized Businesses Can Transition Into a Hybrid Workforce with Ease

Smart Hustle Magazine

By Eric Yu, Lenovo’s Senior Vice President and General Manager. Remote work is becoming a prevalent norm for the future. In fact, according to a recent Lenovo study , 60 percent of small to medium-sized business (SMB) employees prefer working from home some of the time. The study also says, 70 percent of employees think work flexibility makes them more satisfied with their job.

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How to Fix a Racially Biased Venture Capital Model and Commit to Diversity in Entrepreneurship

StartupNation

In the wake of the murder of George Floyd and nationwide protests, venture capital firms are making newfound commitments to invest in, or at least evaluate, potential investments that are led by diverse founders. Although commitments such as SoftBank’s $100 million fund to support people of color may seem like a leap forward, when we consider the $120 billion of dry powder (available funds remaining to invest) that the industry saw in mid-2019, these proclamations are merely a drop in the bucket

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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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What do people want in a co-founder?

Y Combinator

YC launched a co-founder matching platform about 3 months ago. There are now 16,000 co-founder profiles on the platform. Potential co-founders have sent 130,000 matching invites through the platform, and, with a 25% acceptance rate, we’ve seen a total of 33,000 matches. We now have enough data to identify some interesting trends among our co-founder profiles and matches.

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5 Ways brands can play to win on TikTok

Entrepreneurs' Organization

Contributed by Evan Horowitz, an EO Los Angeles member and a recent guest on EO Wonder podcast. Evan is the CEO and co-founder of Movers+Shakers , a creative agency with a mission to “spread joy by connecting brands to culture.” We asked Evan how brands can leverage the TikTok platform. Here’s what he shared: There’s no denying that TikTok is one of the fastest-growing and most widely used apps today.

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Cameroon’s Ejara raises $2M to offer crypto and investment services in Francophone Africa

TechCrunch

The adoption of cryptocurrency in Africa varies regionally. While countries with currently unstable currencies like the naira are seeing immense usage, other regions using the CFA franc have sparse adoption. A region of more than 200 million people using the CFA franc, Francophone Africa is one of the most crypto-friendly markets in Africa. But only a few players are taking advantage of the market, which can make a case as the next frontier for mobile money and investment apps in Africa.

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Tesla Has Made Elon Rich, but What Happened to the Actual Founders?

Entrepreneur's Handbook

They accused Musk of attempting to “rewrite history” Continue reading on Entrepreneur's Handbook ».

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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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Why Your Company May Be Failing at Team Building

Smart Hustle Magazine

By Les Pardew, founder of Mystery Escape Room. Many businesses are struggling to find the best way to move forward as some employees return to the workplace while others will continue to work at home or a combination of both. A Gartner Inc. survey finds one-third of business leaders are most concerned with maintaining corporate culture while 13% worry about providing parity between the remote and in-office workers.

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Safeguard your business with cybersecurity

StartupNation

Cybersecurity is an industry on the rise given the ever-evolving online era we’re living in. With sensitive personal and business information being stored on mobile phones, apps, and across the internet, now more than ever it’s important to protect you and your business from cyberattacks. Learn why you should be investing in cybersecurity for 2021 in this article.

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Hex - The Best Product for the Technical Analyst

Tomasz Tunguz

We believe the 2020s are the decade of data. The trends are ubiquitous and plain. The number of data teams is growing as more companies rely on data for daily operations. In addition, the sophistication of these teams has progressed meaningfully in the last five years. During this period, there have been three main categories of data work: business intelligence, machine learning, and exploratory analytics.

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14 Strategic questions to ask during an internal communications crisis

Entrepreneurs' Organization

Contributed by Eden Gillott, an EO Accelerator participant in Los Angeles. As president of Gillott Communications , a strategic and crisis communications firm, Eden helps companies protect reputations and build trust. We asked Eden how she guides companies to navigate difficult internal communications challenges and minimize brand damage. Here’s what she shared: As entrepreneurs, we enjoy spending our time building.

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The ABM Benchmark Survey

ABM gets better with age — but unfortunately, marketers don't have the luxury of pouring it into an oak barrel for a couple decades to let it mature. In a recent survey with Demand Gen Report, we found 59% of experienced practitioners (those with ABM programs more than a year old) indicated their ABM programs are meeting or greatly exceeding their expectations, while only 45% of novices (those with ABM programs less than one year old) could say the same.