Sat.Oct 10, 2009 - Fri.Oct 16, 2009

Should Your Startup Have an Advisory Board?

Both Sides of the Table

This is part of my ongoing series Startup Advice. Many startup companies hire advisory boards. It’s very tempting. It’s mostly done by first-time entrepreneurs who want to persuade (bribe?) prominent industry luminaries to be closely associated with the company.

Are Twitter and Facebook Killing Blogs?

Software By Rob

These days you can't throw a brick at your computer without hitting a story about Twitter and Facebook (and each time I read one I find myself with the urge to throw a brick at my computer). Yes, Twitter and Facebook are the darlings of

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Trending Sources

Venture Cyclist: Y chromosome genetics

Venture Cyclist

Y chromosome genetics. With a tip of my hat to my wife and her colleague who brought this to my attention, and to the several websites who use the diagram, I bring you the latest knowledge about the genetic pre-dispositions

The Best Programming Language for a Lean Startup

Kevin Dewalt

There is, indeed, very likely a best programming language for your startup. But you won't identify it using the traditional technical debates

Startup Founders Should Flip Burgers

Both Sides of the Table

This is part of my ongoing series Startup Advice. This is a story of one of the risks of venture capital. When you’re an early-stage startup that hasn’t raised any institutional money you end up doing almost every job function of the company yourself.

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Why I Don’t Like Board Observers

Both Sides of the Table

This is part of my ongoing series Startup Advice. I wrote recently about the role of Advisory Boards in startups , which I expected to be a bit controversial. People love their advisers and I don’t blame them.

Product Management for Startups in Los Angeles – Steve Gilison

SoCal CTO

It was great to hear from a long, lost colleague the other day. Steve Gilison worked as a market researcher and product manager at a startup where my company, TechEmpower , did the software / web development.

Let's Be Friends

Spencer Fry

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Company Math vs VC Math

Redeye VC

Fred Wilson has a great blog post today entitled The 'We Need to Own' Baloney. In it he discussed the fact that many VC's apply arbitrary ownership thresholds to investments. I couldn't agree with Fred more - but I'd take it even further. This is not just limited to ownership requirements.

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The Female Entrepreneur & Business Financials

START-UP BUSINESS TALK

This week I had the honor to speak on the topic of business financials at a panel discussion held by WELD (Women For Economic Leadership & Development). The discussion centered around the importance of women entrepreneurs becoming comfortable with assessing business financials, and exploring financing opportunities in order to grow a business. There were a few points raised and I would like to.

Marketing, Startups and Networking in Los Angeles – Cliff Allen

SoCal CTO

Cliff Allen is someone I've known for quite a few years and he's a go to person for me when I'm thinking about issues around marketing, sales, technology, startups and networking.

Ardent War Story 4: You Know You're Getting Close to Your.

Steve Blank

In 1985 Ardent Computer was determined to create a market niche for personal supercomputers. To understand our potential markets, we started by analyzing the marketing literature from Cray Research then crisscrossed the country talking

RethinkHawaii.com (Nov 1-5): Come Get Your Geek On. - Master of.

500 Hats

Sometimes we all need a little time to Think. Time to get in touch with our Inner Geek. Time to get in touch with Water, Land, & things Blue-Green. Time to meet friends across the Pacific in the Middle. It's time to

Start-up Sales Mishap

START-UP BUSINESS TALK

A couple of months ago I was on a conference call with Key Bank's Key 4 Women Club. The featured speaker was Jennifer Openshaw; author of Millionaire Zone; 7 Winning Steps to a Seven-Figure Fortune. Among other things, Jennifer stressed the importance of building relationships by remembering to "give, not just take." Ahhh, the forbidden words.Have you ever experienced the "sales madness.

Los Angeles Social Media Starters

SoCal CTO

I'm hoping you can help me figure out who I should be connecting with on this. I find myself speaking at various venues in Los Angeles to tell people (most often service providers) about how I've used social media and particularly my blogs, LinkedIn, twitter and topic hubs as part of my own services business. These presentations always inspire people to do more with LinkedIn, create or improve their blog, and maybe do more with Twitter.

Ardent 3: Supercomputer Porn

Steve Blank

As VP of Marketing at our new startup, the CEO literally threw me out of the building and told me not to return until I understood the market and could identify the key applications and customers for Ardent's new personal supercomputer

Startup 2.0 talk at Canada National Angel Summit conf - Master of.

500 Hats

Slides from my keynote tonight at the 2009 Canada National Angel Summit conf: Startup 2.0: A Silicon Valley Story View more presentations from Dave McClure

Exit Early - Exit Often Keynote Video

Angel Blog

This is the high def video of my keynote at the Capital Connects! Southeastern Regional Angel Capital Association Meeting in Greensboro, North Carolina - October 1, 2009.

Visible Networking

SoCal CTO

This past week has had an interesting confluence of events that's led me to conclude that I want to start doing a lot of visible networking among the tech / web crowd here in Los Angeles. I want to take you through a bit of what brought me here, because I think it will help explain what I mean by visible networking.

Fun For Hours

Steve Blank

Charts like the US Frequency Allocation Chart keep me amused for hours. Download it here. Interesting to consider how many billions of dollars of business is done over the electromagnetic spectrum we didn't know existed 150 years ago

Real-Life Lessons From Shark Tank

Don't Go South

North was recently quoted dropping some knowledge in the article, Real-Life Lessons From Shark Tank on Entrepreneur.com. Here’s an excerpt: Know when to pitch.

Exit Strategies for Angel Investors Video

Angel Blog

The Northwest Energy Angels invited me to Seattle to talk about exit strategies for Angel investors. The full video and Q&A from that talk is online in full 720p High Def. Some of the highlights include: Organized angel investing is still quite new - only ten or twelve years old.

Pre-Launch Update

ExtendsLogic

So far so good. I’ve received some great feedback and I’ve had a lot more people sign up than I thought would So far, my visitor to account signup conversion rate is at about 25%! And about half of those are paid accounts. I received some “media buzz” from about.com: Blog post [link] Product review [.]. Everything Else

On Thneeds and Market Research

Market by Numbers

Guest post at VentureBeat, The hidden secrets of market research. The last time I checked, the world's population was around 6.8 billion. If only 0.1 percent were to visit your website… and if you were to convert only 1 percent of those

Insecure Communications - Constantly Learning

Constantly Learning

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Innovation inside the box

Startup Lessons Learned

I was recently privy to a product prioritization meeting in a relatively large company. It was fascinating. The team spent an hour trying to decide on a new pricing strategy for their main product line. One of the divisions

Bidsketch is Live!

ExtendsLogic

I’ve just launched Bidsketch! It’s been a very exciting day today. Last night I was starting to get nervous thinking that no one would sign up for either the premium or free accounts. The premium is just $9/month which is really low, but it’ll be going up in three days. The URL currently is: [link] [.]. Before Launch Running a Business

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Bloomberg TV: Understanding Why Decimalization in the U.S. Disproportionately Hurts Small Cap Stocks

Pascal's View

Decimalization, quoting stock prices in decimals instead of fractions, isn’t a problem in and of itself. The problem results from turning a market spread that used to be $0.25, for example, into 25 1-penny increments because it takes the positive economics out of trading that stock for market makers who are supporting relatively unknown emerging growth small cap companies. Why does this matter?

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The problem with VC Motivation

Fred Destin

Many VC's, particularly in Europe, are disappointing in their (lack of) intensity.

LP 0

Our Favorite FREE Networking Events in the Boston Area

VC Ready Blog

With dozens of networking events every month in the Boston area it’s difficult to figure out which events to attend. So for what it’s worth, we thought we’d give our readers the benefit of our experience by sharing a few of our favorite local events. These events make the list because they’re all great opportunities to meet interesting people who might be able to help you with your business, and because you can’t beat the price (they’re all free!). OpenCoffee ( [link] ).

The Contract - Purchase Agreement, Shareholders Agreement, And Rights Of First Refusal

Recent Buzzes - VC Experts, Inc.

The term sheet, in time, segues into a formal agreement. The understandings between the parties (as set out in the term sheet or simply by oral agreement) may be primitive: "Here's some cash, give me some stock."

If you have to interview a business person, talk politics with them.

Jessica Mah

If I could pick any one interview question for hiring a business person, I would ask them to talk about the conflict in the Middle East. What’s their perspective? Do they take a stance? Do they try to argue something that they have no education on? What do they think of the supposed “enemy? And the most important part of this question: Do they even consider the other side’s perspective? You’d be surprised, because many people don’t. Especially here at Berkeley.

Our Favorite FREE Networking Events in the Boston Area

VC Ready Blog

With dozens of networking events every month in the Boston area it’s difficult to figure out which events to attend. So for what it’s worth, we thought we’d give our readers the benefit of our experience by sharing a few of our favorite local events. These events make the list because they’re all great opportunities to meet interesting people who might be able to help you with your business, and because you can’t beat the price (they’re all free!). OpenCoffee ( [link] ).

Our Favorite FREE Networking Events in the Boston Area

VC Ready Blog

With dozens of networking events every month in the Boston area it’s difficult to figure out which events to attend. So for what it’s worth, we thought we’d give our readers the benefit of our experience by sharing a few of our favorite local events. These events make the list because they’re all great opportunities to meet interesting people who might be able to help you with your business, and because you can’t beat the price (they’re all free!). OpenCoffee ( [link] ).