February, 2011

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Improving Sales: The Excuse Departement is Closed

Both Sides of the Table

This article originally appeared on TechCrunch. Most technology startups seem to be funded by product people or business people. Specifically what is often not in the DNA of founders are sales skills. Nor do they exist in the investors of early-stage companies. The result is a lack of knowledge of the process and of sales people themselves. My first startup was no different.

Sales 316
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Startup CTO Salary and Equity Data

SoCal CTO

Todd Gitlin of Safire Partners was nice enough to compile some data on Start CTO Salary and Equity at Venture Backed Companies for the LA CTO Forum and present last year. He agreed to make this data public which is awesome. Todd is a go to resource for people looking for talent in startups. He was a great presenter to our group. I highly recommend getting to know him.

CTO Hire 301
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Find an Angel Investor, Without Going Through Hell

Startup Professionals Musings

If your startup is looking for an angel investor, it makes sense to present your plan to flocks of angels, and assume that at least one will swoop down and scoop you up. Or does it? Actually numbers and locations are just the beginning. The challenge is to find the right angel for your, and for your situation. Here are some basic principles: Angels invest in people, more often than they invest in ideas.

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The Nokia-Microsoft Third Ecosystem

deal architect

A quote from Chapter 1 of my book “Steve Jobs is explaining one major reason for the iPhone ’ s success —Apple ’ s ability to integrate hardware and software engineering: “ We realized that almost all — maybe all.

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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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Startup America Partnership

Feld Thoughts

On Monday I was at the White House to help announce the Startup America Partnership. As part of this, TechStars announced the TechStars Network , an affiliation of TechStars-like programs across the country along with our commitment to the Startup America Partnership to help 5000 experienced mentors work with 6000 entrepreneurs to create 25,000 new jobs by 2015.

America 149
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Startup Genome Project Aims to Crack the Innovation Code

ReadWriteStart

Just as the Human Genome Project aimed to crack the human code, the Startup Genome Project hopes to be able to drill down into some of the details of what it's calling the "innovation code.". The project has launched a survey to investigate "the science of startups," lessons from which it plans to incorporate into blackbox, a new seed accelerator that was created with the merger of techVenture, Cofounder Network, Founders First and Startup School.

More Trending

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CTO Equity and Compensation at Venture Backed Companies

SoCal CTO

Todd Gitlin of Safire Partners was nice enough to compile some data on CTO Equity and Compensation at Venture Backed Companies for the LA CTO Forum and present last year. He agreed to make this data public which is awesome. Todd is a go to resource for people looking for talent in startups. He was a great presenter to our group. I highly recommend getting to know him.

CTO Hire 273
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A Growing Startup Should Only Hire Entrepreneurs

Startup Professionals Musings

Every startup lucky enough to get some traction gets to the point where they decide to hire some “regular employees” for sales, marketing, and administrative tasks. Then they are surprised to see productivity and creativity take a big dip. What they should be doing is hiring only “entrepreneurs,” meaning people who think and act as if this is their own business.

Hiring 250
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5 things that suck (about hiring new employees) and 10 things companies can do about it

crowdSPRING Blog

We hear all the time about the importance of hiring the right people and the expanding universe of advice can be overwhelming; hire slow and fire fast, only hire the “right&# candidate; ask probing questions; check all references; blah blah blah. For a small business with constantly-strained capacity it can be incredibly difficult to post a job, sort through the resumes, vet the candidates, check those references, negotiate salary and benefits packages, execute the employment agreement, an

Hiring 99
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Oh shit, it’s working: How not to snatch defeat from the jaws of victory

This is going to be BIG.

It is easier to start something now than ever before. The ability of social media to help you get escape velocity is great, but it cuts both ways. A strong value proposition carried at the speed of Twitter and Facebook to the right audience could crush your company just as fast as it grew if you can’t scale. Despite advances in cloud infrastructure, many businesses still have fleshy parts—soft underbellies where a human hand is required to keep quality control, stuff something into a

Dilution 104
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Cracking The Code: SaaS Multiples: Recovery or Bubble?

Cracking the Code

Cracking The Code. Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. Wednesday, February 23, 2011. SaaS Multiples: Recovery or Bubble? With companies like Saleforce and SuccessFactors trading north of 8 times 2011 revenues, SaaS valuations are just back to the 2007 peak, but what is remarkable however, is that, after a period of strong correlation in 2008/2009, SaaS companies (represented by the SaaS 13 Index) have massively outperf

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Seth Sternberg – Meebo

Both Sides of the Table

One of the great joys of doing the web series This Week in VC every week is that I get to spend time with great people debating the issues of our day including how our industry is evolving as well as insights into how companies got started, got their initial traction and dealt with adversities. “But Mark, isn’t it one big time suck?&#. Oh, yeah.

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Linking Around On A Sunday Morning

Feld Thoughts

Periodically I get backlogged with “stuff I want to blog&# that I never get to along with a handful of “links from today that are great.&# So – today you get a bunch of things that I’m involved in and turn me out. Click through to whatever interests you. Jilted in the U.S., a Site Finds Love in India : Ignighter was in the TechStars Boulder 2008 class.

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Ten Top Investor Turnoffs Around Business Plans

Startup Professionals Musings

After struggling to create your business plan for months, every entrepreneur likes to think that their document is inspirational and will reach someone who is smart enough to see the brilliance of the idea, intuitive enough to recognize their business acumen, and enthusiastic enough to offer the money required to make it happen. Every serious investor, on the other hand, has a stack of these in their in-basket (email or real plastic) awaiting review, and is looking for the flaw or less-capable e

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Saying “No” To Customers Can Save Your Company

crowdSPRING Blog

Many entrepreneurs and small business owners argue that you should always listen to your customers. In fact, the popular lean startup principles advocate listening to your customers and iterating early and often. But listening to customers – and responding to your customers’ suggestions by implementing all or many of them – are not the same thing.

Customer 111
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The Three Functions of a Management Team

OnlyOnce

The Three Functions of a Management Team. After my quarterly Return Path exec team offsite last week, my team and I were rehashing the day’s conversation over dinner. Was it a good day or a bad day? An upper or a downer? We concluded that the day was as it should have been – a good mix of what I will now articulate as the three main functions of a management team.

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Startl's Accelerator Program for Ed-Tech Startups Now Accepting Applications

ReadWriteStart

Early stage education technology startups can now apply for Startl 's second annual accelerator program. The program offers ed-tech startups a three-month residency in New York City and an opportunity to work with the social venture Startl and the tech accelerator DreamIt Ventures. The program involves mentorship from marketing, business development, brand building, and customer acquisition experts, all with a special emphasis on the education technology industry.

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What’s the Real Deal with AngelList?

Both Sides of the Table

In case you missed all the kerfuffle this weekend, I posted this blog post originally on TechCrunch. I attempted to do a fair balance job of an increasingly important service – AngelList – started by a friend of mine – Nivi with the feelings of a colleague who I respect – Bryce – who has opted out of the service. I hope I straddled people’s points of view well enough not to have offended anybody while adding a framework for how I think about the service.

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Do More Faster – Conversation with Brad Feld

Life Beyond Code

I am a been a huge fan of Brad Feld for a number of reasons (work, life, his philosophy etc.). So, I jumped on his new book (that he co-authored with David Cohen) immediately. I was blown away by the super high signal-to-noise ratio in the book. Do More Faster is one of the most highlighted books in my library today. It has been highlighted almost the same number of times as one of my all-time favorite books “ Leading the Revolution &# by Gary Hamel.

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eCommerce: A VC Story [guest post]

VC Cafe

by Tomer Tzach, CEO, Zoara.com. As a VC turned CEO of start-up, I’ve had the privilege of being exposed to both sides of the coin. So when our company recently decided that we were ready to initiate VC talks, ready to get some funding to take us to the next level, I was surprised by some of the reactions we were receiving. While some VCs that I met seemed to be rightfully bullish about everything that had to do with eCommerce, some seemed to be missing the point.

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Twitter Link Roundup #75 – Small Business, Social Media, Design, Copywriting, Marketing And More

crowdSPRING Blog

Every day on the crowdSPRING Twitter account and on my own Twitter account , I post links to posts or videos I enjoyed reading or viewing. These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Here are some of the links that I’ve liked and shared this past week!

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How To Launch Your Book Online Through Your Author Platform

Entrepreneurs-Journey.com by Yaro Starak

In my last article, How To Turn Your Life Experience Into A Business , I looked at opportunities to create a business from life experience with Mark “Hammer&# Dixon and his book, Bash for Cash , as the example. Once you have a book, you need to have a successful launch to get the word out there. Creating an author platform provides those opportunities.

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Strategy Roundtable For Entrepreneurs: Indian Entrepreneurs Are Maturing

ReadWriteStart

For this week's One Million by One Million roundtable, we partnered with the Indian Angel Network (IAN). India, as you all know, is a rising power in the entrepreneurship firmament, and the country's entrepreneurs are making a long-awaited switch from pure outsourcing and labor arbitrage to now venturing into building Internet companies, cloud businesses, and, as you will see in today's presenters, some very cool hybrid businesses that leverage India's cheap labor pool and, when combined with so

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Open Positions at the ATI

Austin Startup

Interested in being part of the entrepreneurial and startup ecosystem in Austin? Here are two awesome-sounding jobs that will remain posted till Wednesday, so please check them out promptly. The Austin Technology Incubator is hiring for these positions, so make sure to apply now. ATI has served the entrepreneur community for over twenty years and focuses on the IT, Wireless, Clean Energy and Bioscience verticals.

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TinyCo‘s Big Opportunity

Ben's Blog

Let me put you on the game. —The Game, Put You On The Game. Today we announced a new investment in TinyCo, a new mobile games company. We further announced that my partner Marc would be joining their board of directors. Here are the three reasons: 1. A Big Frackin’ Market. IDC estimates that there will be 1 billion mobile Internet users by 2013 and that estimate may very well be low.

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Why Entrepreneurs & VCs Should Focus on Basecamp, Not the Summit

Both Sides of the Table

This article originally appeared on Silicon Alley Insider. A few months ago I wrote a post called “ Invest in Lines, Not Dots.&# It was my investment philosophy that observing teams’ performance over time was far more insightful than reacting to how good of a product demo they do, how good they present Powerpoint slides or how great tech blogs say they are.

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Twitter Link Roundup #73 – Small Business, Social Media, Design, Copywriting, Marketing And More

crowdSPRING Blog

Every day on the crowdSPRING Twitter account and on my own Twitter account , I post links to posts or videos I enjoyed reading or viewing. These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Here are some of the links that I’ve liked and shared this past week!

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How To Outsource Better Than I Did

Entrepreneurs-Journey.com by Yaro Starak

Outsourcing! Such a beautiful word. It’s the magical word that can almost eliminate you from your business and make life so much easier that you’ll be sleeping on a bed of roses with money falling from the sky. When I thought about outsourcing, I thought about uncle Scrooge from the cartoon “Ducktales&# from back in the day, doing his daily swim through his money (if you don’t know what I’m talking about, you’re either too young or too old – just kidding

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When you want to quit because it’s just not worth it

A Smart Bear: Startups and Marketing for Geeks

I’ve been there. It sucks. You know most startups fail “only&# because the founders stop working on them, and often, it’s because it’s emotionally draining. I don’t care who you are or how strong your ego is, you will have these moments — perhaps a continuous stream of moments — when you can’t take it anymore.

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BPO and clouds

deal architect

My friend Phil Fersht says: “Cloud BPO” is, simply put, really a load of nonsense in today’s environment. The core fulcrum processes of BPO are the toughest to move into the Cloud, and only the small-to-medium business sector is going.

Cloud 260
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I Have Never Been So Happy to Give PayPal $30/month

Software By Rob

Photo by The Consumerist. The process of opening a credit card merchant account is like getting an enema with a rusty potato peeler. It’s something you don’t really want in the first place, and the longer it drags on the more you regret doing it. This was the situation I found myself starting almost a year ago today (applying for a merchant account, not getting an enema).

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Why I Invested in Gogii (textPlus) – My First Ever Later Stage Deal

Both Sides of the Table

This is a post I’ve been dying to write for 18 months. I invested in LA-based Gogii , one of the fastest growing, most exciting mobile social networking companies you’ve never heard of and maker of a product called textPlus. I know this because you’re not a young teenager. And if you are – what on earth are you reading such a boring blog as this?!?

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How To Get The Best Merchant Account For Your Small Business

crowdSPRING Blog

A few years ago, one Saturday afternoon, my car broke down in the middle of Chicago. Stranded—and unwilling to leave my car parked on an expressway overnight—I had the car towed to the only shop still open for the day. The homemade sign hanging on for dear life above the front door as I walked in told me the place was shady—I knew I was about to be taken.

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How To Reduce Common Mistakes With New Customer Orders

Entrepreneurs-Journey.com by Yaro Starak

The first collection that my handbag company charm and luck ever designed was gaming-themed. Inspired by my partner’s love of bridge, we created beaded bags with a variety of gaming themes – the Blackjack bag, the Four Slots bag, one shaped like a die, and so on. Before we even did our first trade show or contacted salesrooms, I was able to secure an appointment with a Las Vegas-based chain which had many stores in casinos in Las Vegas, Atlantic City, and airports throughout the United Sta

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How to think about cash vs. equity compensation

A Smart Bear: Startups and Marketing for Geeks

It’s among the most-asked questions on startup forums, and an issue we’re dealing with right now at WPEngine as we bring on new employees: How do you decide how much equity (shares) to give a new employee or partner? Especially when the company is young and according to typical financial assessment the shares are “worth nothing?&#.

Equity 276
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Consultant travel revisited

deal architect

Rawn Shah just started reading my book and came across a section I title “empty calories in infotech”. One of my roughly 20 examples of low-payback spend is IT consultant travel. Rawn works for IBM’s software group, but has plenty.

Software 258