Gust
DECEMBER 8, 2013
'Image via LeadChangeGroup.com. If you really want to impress a startup founder as a potential employee, or you want to be a smart investor, you need to know the right questions to ask. These are the questions that get past the hype of a founder “vision to change the world,” and into the realm of real business strengths, weaknesses, and current health.
Tomasz Tunguz
DECEMBER 12, 2013
On January 8, 1966, the New Yorker profiled Buckminster Fuller for the first time. During a trip to a Maine island with the journalist Calvin Tomkins, Fuller said something tremendously prescient: Fuller proposed a worldwide technological revolution…[that] would take place quite independently of politics or ideology; it would be carried out by what he calls “comprehensive designers” who would coordinate resources and technology on a world scale for the benefit of all mankind,
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Both Sides of the Table
DECEMBER 10, 2013
'Recently I wrote the first post in a series on board meetings, entitled, “ Why You’re Not Getting the Most out of Your Board ,” which focused on the need to prepare properly, set good objectives and discuss mostly strategic topics. Even if you follow this game plan meticulously your board meeting can be taken off course by well-intentioned board members who lead you down a rate hole.
Fink About It
DECEMBER 13, 2013
Finding a good problem to solve with a startup can be like finding a needle in a haystack. “Haystack. End of Summer” Claude Monet One of my favorite blog posts is Paul Graham’s How to get startup ideas. Paul is one of my top-five bloggers, along with Marc Suster, Ben Horowitz, Nir Eyal, and of course [.]. The post Pinpointing Problems Worth Solving (Part One of Three) appeared first on Fink About It.
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Gust
DECEMBER 11, 2013
'The Pacific Northwest has some of the best and most active angel groups in the country (and I say that coming from New York!) Check out: Alliance of Angels - Seattle, WA ( [link] els.com/ ). Bellingham Angel Group - Bellingham, WA ( [link] els.com/ ). Boise Angel Alliance – Boise, ID ( [link] iance.com/ ). Eastern Idaho Angel Group – Rexburg, ID ( [link] org/idah… ).
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Derek Sivers
DECEMBER 8, 2013
Yesterday I procrastinated, tinkered, and wasted time, doing nothing of any value. Then this morning, I found out that one of my best friends died yesterday. He was out on a bike ride on a quiet street when a car swerved into the bike lane, killing him instantly. We shared my online music account. I see he had just downloaded the entire Bruce Springsteen and Neil Young catalog yesterday before he left on his ride.
Both Sides of the Table
DECEMBER 9, 2013
'Most board meetings are “update meetings” where management downloads its status to a group of investors. These outside board members spend most of the board meeting trying to reacquaint themselves with the company’s business and critical issues. This is hardly ideal and some simple changes could help management avoid both issues.
Gust
DECEMBER 7, 2013
'The problem with this scenario is that you are describing an oxymoron, and wondering why you can’t find a hot ice cube, or a tall hole, or a submarine that can land at ATL. You write: “Where can I find intelligent and serious investors who aren’t looking for a cash cow, but are willing to use their funds to contribute to an emerging market and make a lot of people happy?
Tomasz Tunguz
DECEMBER 8, 2013
When startups are acquired, there are many considerations in accepting an offer. Does the vision of the acquirer fit the startup? Will the startup operate independently or be integrated? What is the price and structure of the transaction? Most of these questions have to be answered through extensive conversations with suitors. As for the structure of the acquisition, there’s data that can be used for benchmarking.
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Derek Sivers
DECEMBER 11, 2013
Over dinner my friend Valerie said, “I’m not worried about someone finding out my secrets, because secrets are just facts, right? So if someone is going through my private things, for example, and gets upset about what they find, then that’s their problem, not mine!”. I liked that attitude, and kept thinking about it. Later as we were leaving, I helped her put on her coat, and picked up her purse.
Berkonomics
DECEMBER 12, 2013
'Investors love it when entrepreneurs draw little or no money from their startups. It extends the cash available for research and other necessary fixed costs and gives the fragile, young company more “runway” to get to breakeven. But when forecasting the ultimate viability of a business, many times an entrepreneurial founder uses a low, unsustainable salary rate for him or herself in order to show early breakeven.
Tomasz Tunguz
DECEMBER 10, 2013
The traditional theoretical price demand curve is often drawn like this. The chart makes two points: there is some relationship between price and demand / revenue opportunity, and customer segments underpin that relationship. Each segment demands different products to satisfy different needs and presents a different revenue/profit opportunity. Even if the details are very hazy, price demand curves are useful tools to inform product strategy and prioritization.
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