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New Year, New Entrepreneurs: Five tips for supporting early-stage entrepreneurs ?

Source Link

To effectively support any entrepreneur, you must develop an infrastructure of resources in your community. Here are five tips to consider when engaging and supporting new business owners in your community—read on to learn more. Include resources that specialize in supporting new entrepreneurs.

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Eight accounting tips every Kiwi startup needs to know

NZ Entrepreneur

Have a good accounting system Having a good accounting system is the sturdy backbone that supports your startup’s growth. A separate business bank account draws a clear distinction between your personal and business finances. A budget, on the other hand, provides a financial framework for the startup’s operations.

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Everything I didn’t learn about startups as a VC (…or why VCs don’t make good entrepreneurs)

This is going to be BIG.

3) VCs plan out the future of a company and what it needs —and are basically willing to support it if you continue to execute. The financing plans are largely in their court, whereas, as an entrepreneur, you deal with what you have and you always have the uncertainty of a future financing affecting your plans.

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Virtual Data Rooms: The Unsung Hero of Biotech Financing

Andreessen Horowitz

But how can biotech teams effectively communicate to investors and partners how they will, with each round of financing, incrementally reduce the risks of discovering and developing successful new drugs? How much of the total financing is allocated towards the lead program?

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How Many Investors are Too Many?

Both Sides of the Table

While there is no right or wrong answer, having seen the extremes I’d like to offer you a framework for considering the right answer for yourselves. There are reasons why VCs sometimes don’t support deals once they’ve invested. And this is doubly hard when your existing investor isn’t supportive.

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A Scorecard: Should a decision be fast, or slow?

A Smart Bear

The benefit is that we work together for a common goal, taking care of the needs of support, sales, marketing, engineering, product, and even finance, rather than solving for one department’s goals at the expense of another. Rather, this is a framework for thinking through what needs to be done.

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NJEDA Establishes Diversity Finance Advisory Board

American Entrepreneurship

September 21, 2023) – The New Jersey Economic Development Authority (NJEDA) today announced the establishment of the Diversity Finance Advisory Board (DFAB) which will work to increase access to institutional capital for women- and minority-owned startups.

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