January, 2017

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Our Newest Project Octane: “A Path to Purpose”

Entrepreneurs' Organization

For 30 years, EO has been led by countless members who have volunteered their time to help strengthen the organization. Each year, thousands more do the same through the Path of Leadership (PoL) program, which equips members with the tools, knowledge and networks they need to grow as leaders. In this special interview, EO South Australia’s DAVID BARTHOLOMEUSZ , a longtime member leader and EO Accelerator trailblazer, opens up about his PoL journey, finding his purpose as a leader and giving back

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You name the price; I’ll name the terms.

Berkonomics

I admit that my dad taught me this when I was just a fifteen–year old kid starting a business and negotiating with suppliers for the first time. But I learned it again and again in my various business lives. The most striking example was the one hundred–million–dollar purchase of one of my companies by a New York private equity investor using only five million of its cash.

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The Only Thing an Investor Can Give You that Matters

This is going to be BIG.

VCs promise a lot of things. We've got all these platforms, advisors, special partners, communities, networks.special economic bells and whistles, spaces, programs, partnerships, etc. Meanwhile, they most useful thing we can give you when you're first starting out seems to be the hardest to get: Honesty. VCs see a lot of deals. We see successful companies and others that fall on their face--so getting our actual opinions about something, pass or fund, can be really useful.

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How Much Money Should I Raise for My Startup?

Tomasz Tunguz

How much should a founder raise for their startup? I imagine almost every founder contemplating a fundraising round ponders this question. There are many different paths to developing an answer. The right answer that every startup founder has told me is as much capital as possible at the highest possible price. But what strategies exist to justify increasing the round size and consequently price?

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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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Facebook 100 years from now

Don Dodge

Yesterday I posted a photo on Facebook of my grandparents taken in 1917, 100 years ago. It got me thinking about what our future grandchildren will experience 100 years from now. Facebook and Google will record and preserve our life experiences for hundreds of years. Think about that. I worked on my family genealogy over the holidays. My family landed in America in Beverly Massachusetts in 1628.

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The Art of Adaptation

Entrepreneurs' Organization

By Marisa S. White, owner and founder of White Sparks Photography. What skills guarantee entrepreneurial success? I’m sure many CEOs or analysts have identified the “secret sauce.” I could draw a Venn diagram with circles of business prodigies, and within the intersections, words like “optimism,” “grit” and “focus” would certainly serve as a foundation of survival in an ever- changing economy.

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Time, talent and treasure – Spending each wisely

Berkonomics

In the non–profit world, the term, “time, talent and treasure” has been used so often it is almost at the edge of being trite. It’s used in that arena to describe a volunteer’s sacrifice in support of the non–profit enterprise. I have been surprised to discover that it seems undiscovered in the business world. So, let’s bend the meaning to help us focus on resources while preserving those words.

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Five Pitfalls of Seed Round Hiring

This is going to be BIG.

Most companies don't get to do more than a handful of hires during their seed round--so the idea of a "recruiting process" might seem a little bit heavy handed. However, these early employees will not only have a lasting impact on the DNA of the company, but hopefully they'll be some of the most important hires you'll ever make. (If they turn out not to be, you probably hired poorly.

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Is Machine Learning Overhyped?

Tomasz Tunguz

For the nine years I’ve been a venture capitalist, there’s always been a buzzword of the year. Solomo (social local mobile). Mobile-first. Realtime. Big data. 2016 was the year of machine learning. Is ML just another wave to crash and dissipate on the trough of disillusionment ? I don’t think so. In this rare case, I think hype is masking quite a bit of true technical innovation.

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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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Flashback Friday: How to Raise Financially Intelligent Children

Entrepreneurs' Organization

By Clint Greenleaf. This article was originally published in the March 2014 issue of Octane magazine. I’m a lucky guy. I tricked a beautiful, caring woman into marrying me; my three kids are healthy and often well-behaved; and most of my businesses have been successful, affording me a great lifestyle. But all of this luck leads me to one constantly nagging fear— that the trappings of this great life will yield unbalanced, bratty children who will grow up to become knuckleheads.

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Identifying Your Personal Code

Entrepreneurs' Organization

By Angie Katselianos. Have you ever arrived at a crossroads on your path toward success and didn’t know which road to take? Business expert and author, Simon Sinek, has inspired myriad entrepreneurs—myself included—with “The Golden Circle” model. He explains that your “Why” is the purpose, cause or belief that drives you and is central to what you do and how you do it.

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Adopting and Abandoning Technology in Your Company

Entrepreneurs' Organization

John Brandon , contributing editor at Inc.com, just published an article entitled, “ How to Help Your Company Adopt New Tech Tools ,” with a byline reading, “Skip being an early adopter. Become a fast changer instead.” Brandon provides a solid argument for embracing change–a message we know all to well–but his follow-up argument deserves a closer look. “Be quick to adopt and quick to abandon the trend when you see it doesn’t offer any benefits or a

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EO Accelerator Story: Christina Hagopian

Entrepreneurs' Organization

Christina Hagopian, an EO Accelerator (EOA) graduate and EO New York member, owns a successful marketing and design firm attracting top-tier, global clients. Christina graduated to EO membership, where she has grown her network and multiplied her business prospects. See more EOA stories and learn more! EO Accelerator Stories: Christina Hagopian from EO Network on Vimeo.

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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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Our Fulfillment Factors

Entrepreneurs' Organization

A few years ago, I stumbled across a manuscript written by Mother Teresa, whose humanitarian work for some of the poorest populations in India earned her canonization in the Catholic Church and an iconic status in the world’s consciousness. At the time, I was entrenched in the weeds of a research project where I was tasked with identifying key motivational drivers of influential people.

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Feature Friday: Megan Burton, EO Atlanta

Entrepreneurs' Organization

“Much of the growth and success of CoinX was reinforced by a combination of my EO forum, the EO network, and the opportunity to serve other EO members through leadership. I continue to be humbled and inspired by other EO members – whether in the Accelerator program, the local chapter or across the globe.” – Megan Burton. Years after building a successful business of her own, Megan Burton yearned to find like-minded entrepreneurs that could relate to the unique experiences of establis

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EO Member Spotlight: Moisés Cohen (EO Panama)

Entrepreneurs' Organization

With more than 12,000 members in 161 chapters and 50 countries, the Entrepreneurs’ Organization (EO) continues to make a mark on the lives of those entrepreneurs who are transforming the world. Here’s a profile of one of our members, Moisés Cohen, a member since 2017 and the founder of Capital Bank. Moisés Cohen was born in Colón City, Panama, in 1967.

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Three Tips for Staying Grounded in a Busy World

Entrepreneurs' Organization

By Heather Baker, EO Cape Town. MEDITATION. I try to meditate on a daily basis. Taking the time first thing in the morning to sit quietly and follow your breath, even if it’s just for five minutes, can make for a calm and productive day. GRATITUDE. I made a list of everything my business has done for me to remind myself how much I have to be grateful for.

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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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How Does Your Startup's Management Spend its Time?

Tomasz Tunguz

Calendars contain one of the under-studied data sets within companies. How we spend our days, is of course, how we spend our lives, wrote Anne Dillard. How we spend our days at work determines what we and the company ultimately achieve. I remember meeting Ryan Fuller of Volometrix several years ago. He shared the story of the business he and his colleagues had built analyzing the way companies spend their days.

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Which Round Will Be the Hardest to Raise in 2017?

Tomasz Tunguz

The fundraising market is in flux. The data indicates that it is certainly reverting to the mean after two record years in 2014 and 2015. Late stage market dynamics are changing as hedge funds and mutual funds seek other areas to invest. In 2017, there will be a lot of comparison between the prices public bound companies fetch at IPO compared to the last round private valuations as the public window opens.

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The Only 10 Tech Trends You Need to Know About in 2017

Entrepreneurs' Organization

This article was originally published on Inc.com. By John Brandon. Other than a few minor political changes (ahem) and the distinct possibility that Apple could top $1 trillion dollars in iPhone-related sales, there are many other tech trends worth noting. Some of these, like 5G wireless, will emerge and take shape. Others will mature to the point where you might end up buying a few devices for your employees. 1. 5G wireless: All eyes are on 5G in 2017.

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EO Staff Spotlight: Dennis Vilovic (Business Development Director, EMEA)

Entrepreneurs' Organization

Since 1987, the Entrepreneurs’ Organization (EO) has been giving leading entrepreneurs the tools, networks and resources they need to learn and grow in business and beyond. With a global staff comprised of 106 visionaries, we are committed to further positioning EO as a global thought leader. In this special post, we highlight one of our staff: Dennis Vilovic , our Business Development Director for EMEA.

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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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5 Books Entrepreneurs Must Read (But May Have Missed)

Entrepreneurs' Organization

By James Ashcroft, founder of Life Safety Management, Inc. As a busy entrepreneur, I’m always looking for new ways to strengthen my business and improve my management of it. And if I can learn some game-changing leadership skills along the way, even better! In the spirit of continued learning, I would like to share five books that may challenge your thinking and positively impact the way you run your business: THE SCORE TAKES CARE OF ITSELF by Bill Walsh.

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Making a Mark Through Mentorship

Entrepreneurs' Organization

Written for EO by Tom Charman, CEO of KOMPAS. As a student entrepreneur, I’m always looking for opportunities that will help me grow myself and my business. So, when I came across the EO Global Student Entrepreneur Awards (EO GSEA) in 2015, I decided to sign up. Around this time, I had exited my second technology business, choosing instead to focus on building something in the travel industry (a field close to my heart).

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Press release partnerships: Worth the effort?

Berkonomics

Many of us make it a priority to find and partner with companies that can add to our offering or extend our reach. And we rightly celebrate each such pairing, often with a mutual press release. And sometimes that’s all we end up doing. Call it a “press release partnership.” Or an opportunity missed. Or a relationship not nurtured. Finding a supplier, distributor or other partner is the easiest part.

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Can you pierce layers in supplier–customer partnerships?

Berkonomics

I recently experienced an amazing effort of outreach by a vice president of a large national customer asking for a meeting with the product development team of a critical supplier, one of “my” companies. The goal, the VP stated, was to “see if these guys are battle hardened veterans that have dealt with the real-world product and delivery problems” of a nationally important customer.

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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.