Mon.Aug 17, 2015

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Bayesian vs Frequentist A/B Testing – What’s the Difference?

ConversionXL

There’s a philosophical statistics debate in the optimization in the world: Bayesian vs Frequentist. This is not a new debate; Thomas Bayes wrote “ An Essay towards solving a Problem in the Doctrine of Chances ” in 1763, and it’s been an academic argument ever since. Recently, the issue has become relevant in the CRO world – especially with the announcement that VWO will be using Bayesian decisions (Google Experiments also uses Thompson sampling , which is informed by a Bayesian pers

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Should Entrepreneurs Attend Business School?

Up and Running

After three to four years in the corporate world, most ambitious young professionals start thinking about the next step in their career. For those with an entrepreneurial bent like myself, the draw of starting their own company can often feel at odds with the safer, well-travelled path of going to business school. When it came time for me to decide on whether or not to attend business school, I knew I wanted to eventually start my own company.

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What to Make of Amazon’s Work Practices?

Both Sides of the Table

There is much discussion about this weekend’s article in the NY Times regarding Amazon’s work practices. People seem polarized between, “that’s what it takes to succeed” to “I can’t believe what a heartless, intolerant and misogynistic company culture they’ve built.” I’ve heard the gamut from reading opinions online and even hearing the debate in circles of my close friends and family.

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6 Keys To A Positive Online Presence And Reputation

Startup Professionals Musings

Most entrepreneurs assume that a lack of an online reputation is a good thing. In reality, it’s negative, because people who can’t find you or any mention of your startup anywhere on the Internet assume you are not savvy or have something to hide. At the very least, with no positives for balance, it’s very risky, since the first negative mention of you or your company will kill your reputation.

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Building Healthy Innovation Ecosystems for Your Projects

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

Every startup and innovation project exists within an ecosystem that either helps or hurts that project. As innovation managers, we need to keep a pulse of that ecosystem and make sure we're helping those innovation projects we're managing every step of the way. In this webinar, Nick Noreña will walk through an Innovation Ecosystem Model that he and his team at Kromatic have developed to help investors, heads of product, teachers, and executives understand how they can best support innovation in

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The underappreciated stakeholder

deal architect

I was in a recent discussion about fears of global deflation, and I thought – everyone is worried about the impact on investors, but most customers are loving the cheap gas prices and the devalued and cheaper Chinese imports. Why.

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The Startup Failure Rate Among Angel-Funded Companies

Gust

With all the news about hundred million dollar rounds and billion dollar valuations, it can be hard not to look at the world of entrepreneurship and angel investing as a thrilling ride that only has one stop: success. But to be a successful entrepreneur or serious angel investor, you must have a realistic understanding of the startup failure rate and Read more >.

More Trending

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The Idea Stage is Broken and a Tool to Fix It

This is going to be BIG.

Almost a majority of the time, when I pass on an investment opportunity, there's something wrong with the company that can be traced back to the moment the entrepreneur came up with the idea. I find myself thinking, "You should really be doing something else." People are excited about the idea of starting a company, but don't spend nearly enough time vetting what to work on.

Metrics 120
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10 Practical Ways To Help Grow Your Small Business

YoungUpstarts

Do you run a small business? If so, you will no doubt in your mind that selling your wares is harder these days than it once was. In the past decade, many people and corporations made a lot of bad financial decisions. As a result, a lot of companies and financial institutions went bust. Still, some firms must be doing something right because they are still active and making a profit!

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Keep it simple: Maintain an irrational bias against complexity

The Equity Kicker

I’m currently dealing with a complex situation where the complexity itself is starting to affect the outcome, and not in a good way. People and companies avoid complex situations because they take time to understand and because they’re afraid of getting the wrong end of the stick and making a mistake. That’s what I’m seeing now.

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Curator: Amazon Culture Shock, Work Wisdom, Vesting Schedules, Email Snooze

YFS Magazine

Here’s our weekly link roundup of small business buzz, musings and muchness. A curation of the best small business talk around the web.

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Amos Schwartzfarb is the New Managing Director of Techstars Austin

SiliconHills

Techstars has hired Amos Schwartzfarb as its new managing director of Techstars Austin. Schwartzfarb takes over from Jason Seats, who is still with Techstars and will remain in Austin. Seats is one of the managing partners of Techstars $150 million venture capital fund. He is dedicating all of his time to that role. Schwartzfarb is […] The post Amos Schwartzfarb is the New Managing Director of Techstars Austin appeared first on SiliconHills.

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5 Things Entrepreneur Power Couples Do Differently

YFS Magazine

So, what does it take to run a successful business while staying happily married?

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On the future of healthcare

Version One Ventures

It has been a while since we’ve written about healthcare. Our last update was in June 2014 when we shared what we were excited about : patient-doctor networks and patient health data. This hasn’t changed but we’ve certainly learned more from the many founders and physicians who we have spoken to over the past year. We have a deeper understanding of the current system and consequently, see more opportunities to innovate.

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3 Tips To Launch A Successful Crowdfunding Campaign

YFS Magazine

You’ve made your product prototype, shot a nice explainer video,

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Be Different – The Arnold Way [VIDEO]

Hearpreneur

This motivational video is for entrepreneurs, startups and business owners. Remember to be comfortable being different. Never follow the crowd. Go where it’s empty. . It’s easier to stand out when you aim straight for the top. Being outrageous is the way to succeed. When someone tells you “No”, you should hear “Yes.” The only way to make the possible possible is to try the impossible.

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3 Powerful Tools for Working On Your Business

Duct Tape Marketing

3 Powerful Tools for Working On Your Business written by Sara Jantsch read more at Small Business Marketing Blog from Duct Tape Marketing. photo credit: tool box via photopin (license). As a business owner, it is really easy to be tempted to wear all the hats, to micromanage, to have a fear of letting go. That fear then turns into nights and weekends away from the family, never feeling like you can come up for air, and living in a constant state of being stretched too thin.

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If you aren’t experiencing failure, then you are making a far worse mistake: You are being driven by the desire to avoid it.

Jeff Hilimire

The better, more subtle interpretation is that failure is a manifestation of learning and exploration. If you aren’t experiencing failure, then you are making a far worse mistake: You are being driven by the desire to avoid it. And, for leaders especially, this strategy—trying to avoid failure by out-thinking it—dooms you to fail. As Andrew puts it, “Moving things forward allows the team you are leading to feel like, ‘Oh, I’m on a boat that is actually going towards land.

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Episode 43: Content Sharing and Budget Management with Nathan Hecht and Gregg Hollmann

Mike Michalowicz

Also Available On. Show Summary. Business owner Nathan Hecht and Disk Jockey Gregg Hollmann join us for Episode 43 of the Profit First Podcast. Nathan gives insight to what his software can do for your business and gives tips on protecting your intellectual property. Gregg shares his story of how he grew his DJ business from part time fun to full time profitability!

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How Can A Startup Generate Sales Through Content Marketing?

Brandanew

Content Marketing is probably the most subtle and sophisticated form of marketing around. It is surely good for long term brand building but can it directly affect sales? How can a Startup generate sales through Content Marketing? As we get clients talking about this topic more often than ever before, I am going to talk this through today, and share some thoughts… original image via.

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5 Ways Cloud Telephony Can Benefit Startups

YoungUpstarts

by Ambarish Gupta, CEO and founder of Knowlarity Communications. If the business world was a steep cliff and entrepreneurs were rock climbers trying to get to the top, think of modern technologies as the footholds they would use to boost themselves higher and higher. This analogy is particularly relevant to startups and SMEs, where the decision to adopt a certain technological product or service, could make all the difference between climbing higher than the competition or lagging behind.

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Lean Business: Why Comcast Stomps ADT’s Customer Service

crowdSPRING Blog

Customer service ain’t easy. It takes a combination of the right people , the right training, the right tools , and the right attitude. Lots of companies get this right, but most just don’t haver a clue. I had to make a couple of calls this morning to a couple of different service providers: Comcast (yikes, right?) and ADT. Our office in Chicago is served by both of these vendors – we get our internet service via Comcast Business and our security system is from ADT.

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EPISODE 41: Accounting and Profitability with Dawn Brolin

Mike Michalowicz

Also Available On. Show Summary. Dawn Brolin, Managing Member of Powerful Accounting, LLC joins us for Episode 41 of the Profit First Podcast. Dawn deep dives into how to save money and increase profit in your business. Our Guest. Dawn is a Certified Public Accountant and Managing Member of Powerful Accounting, LLC. Dedicated to working hand in hand with small business owners Dawn strives to “leave people better than she found them” through implementing good business processes.

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