2009

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What Makes an Entrepreneur? Four Letters: JFDI

Both Sides of the Table

This is part of my Startup Advice series. I had a picture in the office of my first company with the logo above and the capital letters JFDI. (In case it’s not obvious it’s a play on the Nike slogan, “Just Do It.&# ) I believe that being successful as an entrepreneur requires you to get lots of things done. You are constantly faced with decisions and there is always incomplete information.

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Set a realistic goal. When reached, set another.

Berkonomics

There’s a big difference between your vision for your company, your mission and your goal. Your vision tells the world what you want to be as you contemplate in advance how you will change the world for the better. Your mission merely states who you are and what you do. It is used to limit and sift your opportunities to keep you from using resources for projects outside of your core, your mission.

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A Really Interesting Online Education Company in Korea: Megastudy

abovethecrowd.com

Today’s New York Times has half page article on a billion dollar (US$) public Korean company named Megastudy. My partner Peter Fenton and I had the luxury of meeting with this company a few years back, and I always had hoped to find the U.S. equivalent. Truth be told, Business Week profiled the company two [.

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Are MBAs Necessary for Start-ups or VC?

Both Sides of the Table

This is part of my ongoing series called “ Start-up Lessons.&#. I was reading Chris Dixon’s blog tonight. He writes with a great perspective and is well worth reading. I came across this blog post about getting a computer science degree as the best degree for getting into venture capital or working at a VC-backed start up. I had to laugh a bit reading it.

VC 337
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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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Is it a Good Idea to Have Ads in Tweets?

Both Sides of the Table

Advertising has driven the majority of Internet innovation. My firm GRP Partners recently funded a young LA based company named Ad.Ly that is an “in-stream advertising&# company currently focused on monetizing Twitter. This has prompted many people to question whether advertising “in stream&# and on Twitter is a good thing or a bad thing.

More Trending

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Is it Time for You to Earn or to Learn?

Both Sides of the Table

This is part of my Startup Advice series. I often have career discussions with entrepreneurs – both young and more mature – whether they should join company “X&# or not. I usually pull the old trick of answering a question with a question. My reply is usually, “is it time for you to earn or to learn?&#. Let’s face it.

advice 418
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Choose Your VC Investor Carefully

Both Sides of the Table

Beware of VC Seagulls, who shit on you and then fly away (or worse yet leave you with Red Herrings). This is part of my ongoing series Startup Advice. I write this post as a warning to pick your VC’s carefully. I like to say to first-time entrepreneurs, picking a VC is more permanent than marriage. If you pick the wrong spouse at least you can get divorced.

VC 297
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What Makes an Entrepreneur (3/11) – Ability to Pivot

Both Sides of the Table

This is part of my new series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. If you haven’t spent time over there you should. I started the series talking about what I consider the most important attribute: Tenacity. I then covered Street Smarts. 3. Ability to Pivot – I don’t like to invest in people that I’ve never met before who come through my office wanting to have a term sheet within 30

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What Makes an Entrepreneur (5/11) – Inspiration

Both Sides of the Table

This is part of my new series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. If you haven’t spent time over there you should. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. I then covered Street Smarts , Ability to Pivot and Resiliency.

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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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Retro: My Favorite Blog Post on Raising VC

Both Sides of the Table

On December 2nd, 2006 I wrote the blog post published later in this post when I was CEO of startup Koral about my experiences in pitching VCs. After my company was acquired by Salesforce.com I was asked to stop blogging and they took over my blog as an asset in the sale of the company. My blog was wiped out. I am very grateful to my friend Zoli Erdos for finding this retro posting for me at web.archive.org.

VC 274
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2010 VC Funding Outlook for Startups – Prepare for Winter (Part 3/3)

Both Sides of the Table

In the first post in this three part series I described why I believe the VC market froze between September 2008 – April 2009. In the second post I argued that as of September 2009 the pace of VC investments has increased rapidly (at least for software / Internet investments – the only sector on which I’m competent to comment), but only for those remaining VCs who have new enough funds and aren’t plagued by “the triage problem.&# This is a direct result of innovat

VC 269
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Protect Your Parents from Avis Budget: Direct Marketing Scumbags

Both Sides of the Table

This has been a year where people got mad in mass at financial institutions. It’s hard not to when you think about the amount of money that flowed into their coffers and the size of expected bonuses this year – of all years. Frankly, it disgusts me. But I’m not one to take on the big investment banks – I’ll save that for somebody else.

education 263
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The Big VC Thaw – Why The Market is Moving Again (part 2 of 3)

Both Sides of the Table

In my previous post, The VC Ice Age is Thawing (for now) I wrote about the reasons why the VC market came to a screeching halt in September 2008 and remained largely shut until at least April 2009. There are now signs the VC market has gathered pace meaning it’s a great time to be fund raising. This post highlights some of the reasons why the market is moving again and what entrepreneurs should do about this.

VC 255
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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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Good Judgment Comes with Experience, But Experience Comes from Bad Judgment

Both Sides of the Table

This is part of my Startup Advice series of posts. I heard Bruce Dunlevie of Benchmark Capital say these words at a conference in London nearly 10 years ago. I jotted the words down (I normally pay little attention to anything said at conferences. Most of it is BS) and thought about them much over the years. I later learned that the quote was taken from somewhere else ( perhaps as early as the 13th century!

advice 333
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Start-ups are all Naked in the Mirror

Both Sides of the Table

This is part of my ongoing series Startup Lessons. Building companies is hard work. I started my first company in 1999 in London at the height of the dot com craze. We also had facilities in Dublin, Ireland where our company was initially founded. We went through the euphoria of massive exposure at the time of our launch due to an article that ran in the Financial Times.

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3 Sales Tips for Startups – Creating a Burning Platform

Both Sides of the Table

This is part of my ongoing series Startup Advice. Many entrepreneurs who start technology companies are product people, technologists or savvy business people who worked previously for a larger company. Most start-up entrepreneurs have little or no sales experience. I know I didn’t. But through nearly a decade of startups I learned that sales comes down to three essential elements: 1.

startup 319
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WTF is Traction? A 6-Step Relationship Guide to VC

Both Sides of the Table

This is part of my ongoing series “Pitching a VC&# – the outline is here. You’ve pitched several angels and VC’s. Everybody seems to like you but nobody seems to be getting out their checkbooks. Most of them are telling you that they just need to see a bit of traction before they’d be prepared to invest. Your friends and advisers tell you that this means you need revenue because in this economy VC’s will only fund businesses with revenue.

VC 309
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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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Should Your Startup Have an Advisory Board?

Both Sides of the Table

This is part of my ongoing series Startup Advice. Many startup companies hire advisory boards. It’s very tempting. It’s mostly done by first-time entrepreneurs who want to persuade (bribe?) prominent industry luminaries to be closely associated with the company. It’s done partly in hopes of gaining their wisdom but it’s also done to portray the company in a positive light through association.

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What Makes an Entrepreneur (2/10) – Street Smarts

Both Sides of the Table

This is part of my new series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. If you haven’t spent time over there you should. I started the series talking about what I consider the most important attribute: Tenacity. 2. Street Smarts - OK, so you’re a tenacious person – you never give up.

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Angel Funding Advice

Both Sides of the Table

This is part of my ongoing series Pitching a VC. Last night I attended a DealMaker Media (whom I love because they always host such great discussions) panel on raising angel money moderated by Dan Gould and with panelists Rob Hayes (First Round Capital, more seed or A round than angel), Scot Sangster (with OrganicStartup and the best spokesperson for Tech Coast Angels that I have met to date), Tom McInerney (TGM) and Jarl Mohn (who invests on his own “account&# and whose track record is tr

advice 291
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What Makes an Entrepreneur? Perspiration (6/11)

Both Sides of the Table

This is part of my new series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. If you haven’t spent time over there you should. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. I then covered Street Smarts , Ability to Pivot , Resiliency and Inspiration.

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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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Hiring at a Startup? Know Thy Weaknesses

Both Sides of the Table

This is part of my ongoing series on Startup Advice. I was reading one of my favorite websites for entrepreneurs, VentureHacks, this weekend and noticed that they are running a long piece on how to pick a co-founder. If you’ve read my blog for a while you’ll know that I’m a fan of starting businesses in a non-traditional way. I recommend that you start a company by yourself and own 100% of it.

startup 289
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A Tale of Two Pitches

Both Sides of the Table

This is part of my ongoing series, “ Pitching a VC.&#. I recently wrote a blog post here in which I argued that the best VC meetings are discussions and not sales pitches. Many people agreed and added that even the best sales meetings are also discussions and not pitches. A few weeks ago I sat through two very contrasting presentations and wrote this blog post right afterward.

pitching 288
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Is Strategic Money an Oxymoron?

Both Sides of the Table

This is part of my ongoing Raising Venture Capital (VC) series. Yesterday I had lunch with a really interesting and capable serial entrepreneur who is raising his A round. The topic of &# strategic&# investors came up. It felt like Groundhog Day because I have this conversation again and again – literally dozens of times each year. And I had 2 “strategic&# investors in my first company.

advice 279
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I met with an investor, what happens next?

Both Sides of the Table

This is part of my ongoing series, “ Pitching a VC.&# Getting a meeting with a prominent angel or VC is difficult enough. Some advice on how to do that was covered in this link – Getting Access to a VC. This post covers the day after. I spoke about the topic on Fox Business News yesterday in a great session with TechCrunch50 winner RedBeacon and will post it along with my other VC Videos when Fox puts it on their website.

VC 277
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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.