Trust But Verify: The Importance of Reference Checking

The Seraf Compass

There is an old proverb that was adopted by Ronald Reagan during the later part of the Cold War and which became a signature phrase of Reagan’s in the mid-1980s. When talking about the Cold War adversaries, Reagan always liked to say we should “Trust, but Verify.”

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3 Types of Referability Partners—and How to Leverage Them

Entrepreneurs' Organization

Contributed by Michael Roderick, a recent EO 360° podcast guest and the founder and CEO of Small Pond Enterprises , which helps coaches and consultants make their brands referable, their messaging memorable, and their ideas unforgettable.

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Be Honest on VC Reference Calls

This is going to be BIG.

A friend of mine running a very successful company found himself conflicted over an upcoming reference call. Reference calls to potential limited partners seemingly have no upside to founders. The same goes for VC references by other founders--which I hope founders are asking for. I've been running group reference calls around the fundraising for Brooklyn Bridge Ventures.

How to Make Better Reference Calls

Both Sides of the Table

Reference calls. Ask for at least 5 references. As your candidate for at least 5 references. Don’t worry about the fact that these are the references that the candidate has hand-picked – that’s part of the process. Call each of the 5 references looking for “glowing” feedback. You should expect to get glowing references unless the candidate has told you in advance something like, “Look, I’m listing Susan as a reference.

Seraf Toolbox: Questionnaire for Checking Customer References

The Seraf Compass

To help guide our investors through that process we have developed a Questionnaire for Checking Customer References In addition to articles and eBooks, the Seraf Compass makes various tools and checklists available for anyone to use.

HiPeople picks up $3M seed to automate reference checks

TechCrunch

HiPeople , a HR tech startup based in Berlin that wants to automate the reference checking process, has raised $3 million in seed funding. HiPeople says the investment will be used to support growth so that more recruiters can hire remotely using automated reference checks.

Seraf Toolbox: Questionnaire for Reference Checking to Assess Management Teams

The Seraf Compass

Download our questionnaire template to use when checking references In addition to articles and eBooks, the Seraf Compass makes various tools and checklists available for anyone to use.

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Why it’s Critical That you Reference Check Your VC

Both Sides of the Table

How do you then reference check your VC to be sure that you’ve chosen a good firm and partner? Get a reference list - Most entrepreneurs do almost no reference checks or at least do them very informally. Don’t stop at the list they give you – This list is the equivalent of the reference list that you’d give your VC (or any other potential employer if you’re interviewing for a job). This can be a great source for reference checking.

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Anatomy of a Reference Check

Tomasz Tunguz

Reference checks are part and parcel of the VC diligence process and most hiring processes. Types of References. I find it’s valuable to speak to references who have worked with the candidate in different roles. Reference Check Outline. At this point, I’m also looking to establish whether referencer will provide a balanced reference. Or other tips on reference checks

How Trade References Can Help Your Startup Get Financing

StartupNation

Trade references can help you jumpstart the process of building business credit while helping your startup improve cash flow. You can build your credit several ways , but one of the easiest ways to get started is with trade references. What are trade references?

Coinbase sets direct listing reference price at $250/share, valuing the company at as much as $65B

TechCrunch

Coinbase, the American cryptocurrency trading giant, has set a reference price for its direct listing at $250 per share. Immediate chatter following the company’s direct listing reference price was that the price could be low.

[Ossio in Today’s Medical Developments] Laboratory blood glucose reference analyzer; Compression screw portfolio gets clearance

OurCrowd

The post [Ossio in Today’s Medical Developments] Laboratory blood glucose reference analyzer; Compression screw portfolio gets clearance appeared first on OurCrowd Blog. OSSIO Inc.’s s OSSIOfiber compression screw portfolio received 510(k) clearance from the U.S.

Three reasons startups fuel any innovation ecosystem

UBI Global

Startups are often referred to as the lifeblood of an economy, being representative of the kind of bold thinking, innovation, and rapid deployment that are so important in a world […].

Why Startups are Like rocket Fuel for an Economy

UBI Global

Startups are often referred to as the lifeblood of an economy, being representative of the kind of bold thinking, innovation, and rapid […].

How collective data and storytelling can lead to lasting impact for underserved entrepreneurs

Source Link

For the better part of the last decade, our field has greatly evolved.

Do You Have the Right Answers to these Intellectual Property Questions?

Venture Well

In honor of World Intellectual Property Day, we put together a quick-reference guide on the role IP rights play in innovation and entrepreneurship. The post Do You Have the Right Answers to these Intellectual Property Questions? appeared first on VentureWell. Early Stage Innovators I&E Ecosystems E-Team entrepreneurship entrepreneurship education innovation startup

Wrap-up of the Startup Community Leaders Mission USA 2018

Startup Catalyst

They collaborate and refer to those that play their specific role. People here are incredibly willing to help, to introduce and refer. References by startups to Australian customers and competitors don’t resonate with US investors and corporates unless they know them. Startups need to refer to US customers and competitors in their pitch wherever possible.

Seraf Toolbox: Template for Due Diligence Reports

The Seraf Compass

Here for your reference is our Due Diligence Report Template We’ve published a fair amount about due diligence and being a deal lead. In those pieces we talk a lot about the importance of having a good diligence template to ensure the final product is useful to the reader.

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Meet the man empowering young leaders by starting with their computer repairs

Young Leaders of the Americas Initiative

When I would meet potential clients, I knew I was having an impact because they would mention lessons they’d learned from my sessions and reference how they helped them. I continually reference these tools, techniques and logistics of a project starting from the beginning to the end.

Seraf Toolbox: Impact Investing Due Diligence Report Template

The Seraf Compass

Here, for your reference, is our Impact Investing Due Diligence Report Template. We’ve published a fair amount about due diligence and being a deal lead.

Latest Update on the SBA Community Navigator Funding Opportunity

Source Link

The SourceLink team has kept a close eye out for updates since the U.S. Small Business Administration first released the Notice of Funding Opportunity for the Community Navigator Pilot Program.

How to protect hybrid work cultures from proximity bias

Entrepreneurs' Organization

It refers to the tendency to disregard other more appropriate alternatives when we have a particular perception of proper practices.

SBA Announces Community Navigator Model and Funding Opportunity

Source Link

The U.S.

Strategies to sustain your entrepreneurial ecosystem

Source Link

Kate Hodel, a former SourceLink colleague who worked in entrepreneurship for over 25 years, likes to refer to it as a “rinse and repeat” process.

Tips for forming ethical business partnerships

Young Leaders of the Americas Initiative

Get references. You should consider references on behavior, performance, or work ethics. Just as you would compile references and work samples for future employees, you can consider doing your research into customer reviews, past partnerships, and business policies. Throughout your leadership journey, know that you are not alone.

7 EO members explore the impact of core values

Entrepreneurs' Organization

However, I find myself referring to and using them when I conduct staff interviews as they encapsulate the qualities we look for in team members. I refer to values whenever I have a question in need of an answer, whether personal or business.

Meet 5 YLAI Fellows Traveling as Youth Delegates to the Summit of the Americas

Young Leaders of the Americas Initiative

This information enables users to cross-reference and verify data and thus have a more comprehensive overall vision. Meet 5 YLAI Fellows Traveling as Youth Delegates to the Summit of the Americas. By Jewelle Saunders. The United States will host the Ninth Summit of the Americas from June 6 to 10 in Los Angeles, California.

What Is CPC? Cost Per Click Explained

Feedough

Digital marketing is a broad term that refers to the. Read more. The post What Is CPC? Cost Per Click Explained appeared first on Feedough. Marketing Essentials

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Business Process Outsourcing (BPO): Definition & Examples

Feedough

A business process refers to a set of activities or. Read more. The post Business Process Outsourcing (BPO): Definition & Examples appeared first on Feedough. Marketing Essentials

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5 Tips for Improving Your Startup Deal Flow

Onevest

Refer Deals to Others Just because you aren’t interested in a particular deal doesn’t mean it won’t be a hit with someone else. Respond Respond when others refer you deals. You might not love every one of them, but they won’t keep referring if all they get is crickets. By Tim Houghten For 1000 Angels , the private investor network that connect startups with investors, deal flow is critical.

Funding Friday: The $1k project

A VC: Musings of a VC in NYC

If you decide to participate, you will be asked who referred you. This is the fourth funding friday blog post in which I’ve suggested good causes to contribute to during this pandemic. March 20th – restaurant workers. March 27th – health care protective gear. April 3rd – feeding people in need. Today, I would like to highlight The 1k project.

The Importance of Due Diligence when Investing in Startups

propel(x)

If you are about to buy a used car, you might ask an auto mechanic to inspect it before you hand over your hard-earned cash to make sure you are not buying a lemon. It is important to consider doing something similar if you are thinking about investing in a startup. What is due diligence?

Hiring Remote Employees is Hard!

GAN

Resources for you to reference when considering hiring remotely. Here are the resources selected by the GAN team that you should reference in order to build an understanding of the HR needs of your startup.

How to Stay Top of Mind and Boost Referrals in Any Business

StartupNation

When they say yes, tell them the best compliment they can give is to refer others when they get results. When someone offers to refer you, educate them on your value proposition. Then make it easy for them to refer you.

5 brand positioning strategies to help set your business apart

Young Leaders of the Americas Initiative

According to Business 2 Community , “Competitor-based positioning focuses on using the competition as a reference point for differentiation. By Jewelle Saunders. There are definite benefits to focusing on your branding efforts for your business or organization.

Stock Dilution in Startup Investing?—?Good or Bad?

propel(x)

Anti-dilution provisions work by adjusting the conversion price at which preferred stock converts to common stock, which protects the holders of preferred stock (refer to this Preferred Stock vs. Common Stock in Startups article for more information on types of stock).

Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

Your historical trading information including financials and a “customer file” which shows the history of your transactions so that investors can run “cohort” analyses Customer reference, personal references, key team members, compensation, cap table, stock option plan, etc. Reference Calls I do the exact same for reference calls. Many times I’ve been asked for the names of references only to find that they were never called or only 1–2 were called.

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