Entrepreneurs' Organization
MAY 11, 2017
A typical entrepreneur’s origin story includes an impassioned desire to meet a challenge head-on and to build a business that solves a problem, eases a pain point or creates new opportunity for consumers. This drive becomes missional to the company – often providing the context for the formation of core values, the early recruiting of partners and certainly winning favor in the chambers of local and regional government.
abovethecrowd.com
MAY 9, 2017
The partners at Benchmark are excited to announce that Sarah Tavel has joined the firm as our newest General Partner. We define ourselves by a love for the craft of early stage investing, and Sarah’s career-long desire and commitment to be one of the world’s great venture capitalists make her an ideal addition to a Benchmark team. About a year ago, we asked our venture partner Scott Belsky who he thought had the greatest potential to become one of the best investors of the next decade.
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Tomasz Tunguz
MAY 10, 2017
When building a SaaS product for salespeople, a startup’s price will inevitably be compared to Salesforce CRM’s cost of about $150 per seat. How expensive is this new product compared to Salesforce? In diligence calls, I often hear buyers say: one-half of Salesforce’s price seems expensive; one-third might seem more reasonable. This is the price anchoring effect in the real world.
Berkonomics
MAY 11, 2017
It’s time to speak of some sort of business plan. As a professional investor in early stage companies, I have long discounted long, detailed business plans in favor of a concise “executive summary” followed by a believable spreadsheet-based financial forecast projecting three to five years into the future. Yes, everything does change between drafting that plan and its successful execution.
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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 The tech market offers a wealth of technologies tailored for management, planning, and forecasting, replacing outdated pen-and-paper methods.
Entrepreneurs' Organization
MAY 10, 2017
By Tom Rowinski, managing partner at JTR Solutions , custom software development . Outsourcing software development has been a trend for some time after the demand for these services led to an increase in providers around the world. Over the past 20 years, outsourcing has spanned from Latin America to India, Eastern Europe to China. While analyzing your company’s development costs, you may find that offshoring to one of these countries appears less expensive.
Startup Catalyst Brief brings together the best content for the entrepreneurial ecosystem from the widest variety of industry thought leaders.
Tomasz Tunguz
MAY 8, 2017
A founder emailed me last week to raise the question of whether performance pricing for SaaS companies is an effective technique. Performance pricing means explicitly pricing of product in terms of the customers’ revenue gained or cost reduced from its use. Conceptually, performance pricing is very rational. The buyer should be willing to pay between 10 to 15% of the revenue or cost savings for the use of the product.
Entrepreneurs' Organization
MAY 8, 2017
By Kirk W. McLaren, CEO of Foresight CFO , a group of financial growth specialists who coach companies in the Habits of Profitability TM. We’re heading into summer. As a business owner, this could be your busiest time of the year either for the business itself or the act of balancing work with your personal life. Kids are out of school, weather is warm, the sun is calling and you know your family is itching to go somewhere fun.
Entrepreneurs' Organization
MAY 12, 2017
We’ve all experienced a positive mental boost from doing a good deed, whether it’s opening a door for someone with their hands full, donating time, giving blood, or organizing volunteers to make a bigger impact?it feels great to do something purposeful to help people. Israeli businesswoman and philanthropist Shari Arison knows this feeling well. That’s why in 2007, she initiated the first Good Deeds Day , which has since developed into a global movement for doing good.
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