Sat.Jul 08, 2017 - Fri.Jul 14, 2017

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Mali Rising Foundation Works to Empower Youth Through Education

Entrepreneurs' Organization

It’s a shocking statistic: In Africa, where nearly 50% of the population is under age 15, seven out of 10 rural children have never set foot in a school?nor will they ever do so. In the West African country of Mali, 69% of children are enrolled in primary school. However, only 34% continue to secondary school. Reasons for this steep drop in attendance include an inability to pay school fees, a lack of middle schools accessible to rural populations and gender inequity.

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There's Always Other Money

This is going to be BIG.

In reading the NYT piece about the negative experiences of female founders raising, one quote stuck out to me: "They put up with the comments, Ms. Renock said, because they “couldn’t imagine a world in which that $500,000 wasn’t on the table anymore.” If you've ever had to fundraise, you can understand this. It's an extremely vulnerable time where you're getting a lot of rejection.

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FundersClub Weekly Newsletter - July 13, 2017

FundersClub

FundersClub Portfolio News. OnboardIQ makes applying for hourly work easier, and raises $9.1 million to expand their product and customer reach in " OnboardIQ raises $9.1 million to automate hiring for hourly workers. " LedgerX is granted the status of a swap execution facility (SEF) by the U.S. Commodity Futures Trading Commission (CFTC), making it "the first federally regulated bitcoin options exchange and clearing house to list and clear fully-collateralized, physically-settled

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Don’t rest until you test!

Berkonomics

So, you have a great new product or service that you and your associates love. Early adopters should climb all over each other for a look. But what have you done to test the concept against the realities of the marketplace? Have you developed a prototype, alternate pricing schemes, even a PowerPoint mock-up to show to potential buyers? I would be very, very nervous without testing the product in the market as early as possible, ready to make changes and enhancements before committing to prod

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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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How to Grow Your Chapter’s Accelerator Program

Entrepreneurs' Organization

Brad Stevens is an EO Atlanta member, Chair of that chapter’s Accelerator program, and founder and CEO of Outsource Access , which helps companies grow by providing highly skilled virtual assistants. In part I of our interview , we asked Brad about his journey as an entrepreneur. Here, he shares his experience and insights for growing Atlanta’s Accelerator program.

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Working From Home Can Be A Productive Perk, But It's Best Done With Some Rules

FundersClub

Most offices, whether at a big company or at a startup, allow employees to work at home from time to time. It's not exactly a perk, but it does allow people to better manage work and their lives, as neither of those things adhere to perfect forms of time or place. Some studies, including one carried out by Nicholas Bloom at Stanford, suggest that letting employees work from home is not only a sellable benefit when recruiting, but it also leads to higher productivity for most people.

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Why hasn't anyone else funded this?

This is going to be BIG.

This is the worst question a VC can ask. It presupposes that the only good deals are the ones they can't get into--which is an odd way to think about the world. I suppose the only club deal they would want to get into is the one that doesn't want them as a member. There are lots of examples of huge deals that could have been had by anyone early on--Airbnb, Casper, Uber, etc.

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Student Interns: Talent Pipeline or Indentured Servitude?

Entrepreneurs' Organization

The importance of student internships is undeniable: An overwhelming 95% of employers say that candidate experience influences hiring decisions. In addition, 75% of companies with student intern programs say the program’s goal is to increase talent pipeline, a fact supported by the 2017 job offer rate for interns reaching 67% with a 76% acceptance rate, according to a survey by the National Association of Colleges and Employers.