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3 Economic Rules Every Crypto Start Up Must Obey

Austin Startup

They lower the transaction cost of the exchange sufficiently to justify the risk of volatility inherent in virtual currencies. Overall, bitcoin is probably the lowest transaction cost method to transfer “money” securely to anyone, anywhere, for any reason, and at any time. You bet it is! Now, on to rule number three.

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Making Decisions in Context

Austin Startup

Hiring is a chapter unto itself, but it deserves to lead off any discussion of context. Compensation decisions obviously affect hiring and retention. You can’t be too careful in determining comp packages for your new hires. Your original business plan will probably go out the window when you land your first customer.

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What Does It Take to Start a Comic Book Business? With Brian Wyrick of Robot Paper

Up and Running

I joke that that was my first experience in small business. I wouldn’t exchange it for the money we lost, but it was trial by fire. We raised enough money to hire artists for the book and to actually hire a different artist to do the covers (notably co-creator Jamison Raymond). It was fun. And people liked it.

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The Secret History of Silicon Valley 11: The Rise of “Risk Capital.

Steve Blank

Whitney Company by writing a personal check for $5M and hiring Benno Schmidt as the first partner (Schmidt turned Whitney’s description of “private adventure capital&# into the term “venture capital”). Million in 1946 as a closed-end mutual fund ) which meant ARD was regulated by the Securities and Exchange Commission (SEC.)