Failure and Redemption

Steve Blank

Redemption. Now when I listen to entrepreneurs who’ve cratered a company, I listen for their stories of failure and redemption. Six stages of failure and redemption. “What’s gone and what’s past help. Should be past grief.” ” William Shakespeare - The Winter’s Tale. We give abundant advice to founders about how to make startups succeed yet we offer few models about dealing with failure. So here’s mine.

Failure and Redemption

Steve Blank

Redemption. Now when I listen to entrepreneurs who’ve cratered a company, I listen for their stories of failure and redemption. Six stages of failure and redemption. “What’s gone and what’s past help. Should be past grief.” ” William Shakespeare - The Winter’s Tale. We give abundant advice to founders about how to make startups succeed yet we offer few models about dealing with failure. So here’s mine.


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Redemption Through Entreprenership

The Entrepreneurial Mind

The post Redemption Through Entreprenership appeared first on Dr Jeff Cornwall The Entrepreneurial Mind : David Harris shares his incredible story of how he transitioned from prison to being a successful entrepreneur. TweetFacebookLinkedInTumblrStumbleDiggDelicious.

What Tennis Player Stanislas Wawrinka Story Of Redemption Can Teach Entrepreneurs About Perseverance by Yaro Starak

I don’t play … Read the rest of this entry » The post What Tennis Player Stanislas Wawrinka Story Of Redemption Can Teach Entrepreneurs About Perseverance appeared first on Mindset Opinion & Self Improvement australian open novak djokovic Stanislas Wawrinka story of redemption tennis I love January.

Retirement and Redemption « Steve Blank

Steve Blank

Venture Capital Term Sheets – Redemption Rights

Scott Edward Walker

Here are the issues I have addressed to date: common mistakes dealing with VC’s valuation liquidation preferences stock options exploding term sheets and no-shop provisions anti-dilution provisions dividends Board control protective provisions drag-along provisions pay-to-play and pull-up provisions conversion rights In today’s post, I examine the redemption rights of investors. Redemption Rights What Are Redemption Rights? What Does a Redemption Rights Provision Look Like?

a16z Podcast: Your Worst Deeds Don’t Define You — Life and Redemption in Prison

Ben's Blog

Men and women who have spent decades in prison are being released into an iPhone-enabled world that they hardly recognize. Shaka Senghor is one of those people, imprisoned at age 19 for second-degree murder and released almost two decades later … book launches

How To Maximize Rewards From Your Business Purchases


The refund you generate when making a purchase with this type of credit card does not require conversion, transfer or redemption to maximize its value. The downside is that the redemption rate is lower than cards with more complex accumulation and redemption processes.

VC Term Sheets – Investors’ Option to Walk

Scott Edward Walker

Here are the issues I have addressed to date: common mistakes dealing with VC’s valuation liquidation preferences stock options exploding term sheets and no-shop provisions anti-dilution provisions dividends Board control protective provisions drag-along provisions pay-to-play and pull-up provisions conversion rights non-contractual rights redemption rights In today’s post, I examine the non-binding and conditional language in term sheets.

Walker Twitter Highlights: August 11th – 21st

Scott Edward Walker

orDpNw Quora: “What are the common conditions of preferred shares in Silicon Valley with regard to redemption rights?” Twitter Highlights bubble data founders Paul Graham raising money redemption rights silicon valley startup VCs Warren BuffettI’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues.

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What Are the Rights of Minority Stockholders?

Scott Edward Walker

Startup Issues anti-dilution provisions controlling stockholders conversion rights derivative claim fiduciary duty inspection rights liquidation preferences minority stockholders oppression proper purpose redemption rights

Should I Use My Investor’s Lawyer?

Scott Edward Walker

Not to mention pushing back hard on unreasonable terms, such as “exploding” term sheets or certain redemption rights. Angel Issues VC Issues anti-dilution provisions convertible note drag-along rights exploding term sheets investor lawyer liquidation preference New York option pool protective provisions redemption rights Series A term sheet series seed silicon valley startup lawyer

Walker Twitter Highlights: July 4th – 10th

Scott Edward Walker

” - @jgebbia [link] Road to Riches: Zynga’s Path to IPO – interesting infographic [link] Walker Blog-Related In case you missed it, here’s my post regarding redemption rights in a VC term sheet: [link] My new Forbes post: Doing Deals – 3 Tips for Entrepreneurs (Part 2) [link]. Twitter Highlights Airbnb doing deals entrepreneurs Marc Andreessen pivot raise capital redemption rights term sheet Zynga

Engineering spirals: 10 philosophies to facilitate innovation

The Next Web

Get busy living, or get busy dying” – Shawshank Redemption Building great engineering teams is difficult, but it is also increasingly important as the world in which we live is more than ever driven by software. Daniel Jacobson (Twitter | LinkedIn) is the VP of Edge Engineering for the Netflix API. Prior to Netflix, Daniel ran application development for NPR where, among other things, he created the NPR API. He is also the co-author of APIs: A Strategy Guide.

[Singapore] NETS Launches Location-Based App For Deals


There are also what NETS calls “Special Deals”, a daily deal-style promotion that is a deal limited by quantity, price or time for redemption.

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The Hill We Climb by Amanda Gorman

Feld Thoughts

This is the era of just redemption. Poetry is complex, beautiful, and mysterious. My wife Amy writes poetry. So does my first business partner Dave Jilk ( Rejuvenilia , Distilled Moments ). There is a lot of poetry in my house.

Why We Must Have Zero Tolerance for Sexual Misconduct in Venture Capital

Both Sides of the Table

You can love them and want rehabilitation and perhaps one day redemption but when a person has exploited a position of power they don’t deserve our sympathy above that of the victims and they don’t deserve a free pass back into power. Victims must always deserve more respect than a flawed human being in search of redemption.

Entrepreneur Raef Hamaed On The Professional Impact Of Personal Growth


After proactive coaching and a chance for redemption, Hamaed recognized that he would have to let this employee go in order to maintain a positive daily flow within the business.

NoiseStreet Brings Interactivity To OOH Advertising


Brands can track redemption rates and promotion-linked in-store sales. The problem with most out-of-home (OOH) advertising – billboards, large digital screens, etc – is that marketers have absolutely no idea how to measure its effectiveness. How can advertisers truly be sure that passers-by actually look up at those ads, however large and dynamic they are? Well, you can’t.

Why My Kitchen Cabinets Could Solve Jet’s Cold Start Problem

Hunter Walker

Dropbox previously acquihired Endorse , a team that was working on receipt-based coupon redemption and market intelligence. I want to try Jet , the new commerce site which promises to be even cheaper than Amazon. What prevents me? The idea of having to rebuild my “list” – the things I order frequently from Amazon or pick from the shelves as I shop physical retail stores. How could they solve this cold start problem?

[Singapore] Going Mobile Is A Big DEAL For Daily Deals


The mobile app’s unique feature was its paperless redemption process, which allows deal hunters and purchasers to redeem their deals simply by showing participating merchants their mobile phones, and without the need of printing physical coupons. Online daily deal sites have been experiencing explosive growth over the past two years, and the phenomenon seems unabated.

5 Interesting Observations on the Groupon Model from Academic Research


Observation 2: Spending beyond face value at redemption is not predictive of profitability. He explains: "It appears that for firms running a Groupon promotion, simply getting new customers to purchase the Groupon even when they do not spend beyond its face value on the occasion of redemption is sufficient to have a profitable promotion. Observation 3: A larger face value & redemption duration helps attract new customers but the discount does not.

Sorkin and Smith (two very prominent Cornellians)


He said, “We must discover the redemptive power of love. This morning I read “Dealbook” like I do every morning. Andrew Ross Sorkin at the NYT created Dealbook many years ago. He happens to be a Cornell alum (irrelevant to this post but nice to point out), and still is one of the primary writers of Dealbook. Terrible racist acts have stunned most of us over the last few weeks.

The Invisible Flaw: Setting Up for a Perceived Win

Life Beyond Code

What the redemptions won’t say is: How many of those people would have stayed at Westin twice even when they didn’t see this offer (regulars at Westin). Since there will be redemptions of the $100 certificate there is a “perceived win&# and that is the invisible flaw. The sad part about a flaw is that it is visibly invisible – meaning you should have seen it but you don’t. In other words, a flaw typically does not hide itself from you.

Get Busy Doing and Stop Being Busy Reading

Babbling VC

I was reminded of the wonderful quote from Shawshank Redemption where the main character says to "Get Busy Livin' or Get Busy Dyin'!" . . Well, it isn't much different in the business world. One of the things that crossed my mind this morning when reading yet another blog post about how to do this or that as a successful entrepreneur I wondered how many people get caught up reading and not doing.

Mobile Spinach – Mobile Commerce And Group-Buying Platform


This makes redemption quick and convenient, without the hassle of showing printed emails or other methods employed by traditional group-buying sites. San Mateo, California-based Mobile Spinach ( ) is an integrated mobile commerce and group-buying platform that provides users with virtual discount coupons that can be redeemed at participating local merchants.

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One Book Every Entrepreneur and VC Should Own

Both Sides of the Table

Redemption rights? This article originally ran on TechCrunch. tl;dr version: If you’re an entrepreneur or VC or will be working in this industry - buy this. read it. live it. When I first started as a startup CEO in 1999 there were no guides on raising venture capital. There were no explanations for all of the confusing details outlined in a term sheet. Drag along rights? Um, OK. That sounds fine to me. I barely understood it. I asked my lawyer for an explanation.

Integrating SMS into Existing Marketing Efforts

Up and Running

We include an expiration date so we can control the redemption. Redemption – I could probably write a book on the different ways redemption can work, so I’ll be brief. In short, SMS coupon redemption can be done in any number of ways. The simplest is to have the customer show the cashier the text message upon checkout and the cashier keeps a running tally of redemptions. Integrating SMS into Existing Marketing Efforts. First, what is SMS?

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Small Business and Startups: Telling the Truth

crowdSPRING Blog

Violence followed by confession leads to redemption right? Telling the truth conjures images of cherry trees and axes. In business the truth can be elusive, even fungible. As much as we try to craft the perfect projections, what happens in business is never predictable and outcomes can not be conjured from a crystal ball.

The 7 Jaw-Dropping Stats That Will Radically Change Your Local Marketing

Mike Michalowicz

Mobile coupons get three times the clicks and 10 times the redemption as traditional paper coupons. Not yet sold on the impact of the Internet on your business? Consider this: Hungry? Restaurants with a 3.5 star rating on Yelp are 63 percent more likely to be full than a restaurant with a 3 star rating. A whopping 88 percent of consumers who search for a business on a mobile device, buy or visit that business within 24 hours.

Going Public Circa 2020; Door #3: The SPAC

You agree on a price with the Sponsor, but then cannot get shareholder approval or have too many redemptions. Some SPACs (like Ackman’s) have features that make redemption less likely.

Flexible VCs With Structures Between Equity and Revenue-Based Investing

David Teten

Founders can repurchase up to 90% of this ownership via monthly redemption payments starting 12-36 months after investment, determined based on gross revenues and lasting up to a 3x repayment. redemption, revenue share, etc.)

Flexible VC, a New Model for Companies Targeting Profitability

David Teten

This does not account for the value of any residual stake investors may retain after full redemption. John Berger observed, “In many countries (like the US) you can’t force a board to make a redemption payment or dividend.

Taking My Running Up to Another Level

Feld Thoughts

It’s the redemption after a night of excess, followed by the joy of the next day when your system is recalibrated. I spent the day yesterday with Seth, Ryan, and Jason at our quarterly offsite. We finished, as is our tradition, with dinner at Frasca, which involved a lot of wine. I rarely drink wine anymore as I never feel good the next day (I’ve switched to mostly drinking scotch.)

Vanishing Mediary

Feld Thoughts

The most glorious media story arc is rags to riches to rags with redemption back to riches. I love the phrase vanishing mediary. This is what I aspire to be. It’s the opposite of a visible intermediary. In our ego-fueled world, many people want to be front and center. Leaders are told to lead from the front, even if all they do is get up on a white horse and exit stage left as soon as the battle starts.

Are you an Ebenezer Scrooge or a Bob Cratchit? Our Favorite Christmas Movie Villain Bosses

Up and Running

Ebenezer Scrooge, A Christmas Carol: Charles Dickens’ classic tale of greed and redemption is a holiday staple, and to the casual observer, the story’s main protagonist, Ebenezer may seem to be a one-dimensional, miserly villain, but he’s also the original bootstrapper!

10 Incredible Mobile Marketing Statistics Every Entrepreneur Must Know

Growthink Blog

According to Borrell Associates, mobile coupons get 10 times the redemption rate of traditional coupons. I have to admit, I'm not a pioneer by any stretch when it comes to most new technologies. I was the last of my friends to get a cell phone. I held off on joining Twitter and Facebook until my employees told me I had to do it.

Crowdfunding vs. Peer-to-Peer Lending

Growthink Blog

With regards to rewards, with Crowdfunding you want to offer something to the people who help fund your project, such as future redemption of the product or service you are creating, discounts, prizes, gifts and bonuses. With the internet making several new forms of funding available to entrepreneurs who want to sidestep the hassles and qualification of getting bank financing, there's a little confusion about peer-to-peer lending sites and how they're different from crowdfunding.

The Heart Of The Game: PR Lessons Learned From Game Of Thrones


But more to the point is the idea of redemption when a mistake has been made. by Leslie Licano, co-founder and CEO of Beyond Fifteen Communications. The only HBO series to increase viewership six years in a row, Game of Thrones has unequivocally outdone itself — and every other HBO series in between. At the end of its sixth season, the bellicose and violently belligerent network hero, which averages 23.3

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Why In-Game Advertising Sucks

Austin Startup

Now that you’re in total despair over the state of in-game advertising, it’s time for the redemptive denouement. In-game advertising sucks. That’s not news, but it bears repeating. It doesn’t just suck in the same way that, say, dodgy used car salesmen or “cheese-flavored product” do either, where one party profits wildly while the rest of us get shafted. It’s as frustrating for advertisers as it is for developers, and gamers are equally jaded.

Post Brexit thoughts – we need leaders

The Equity Kicker

Their anger and fear is increasing the uncertainty we’re suffering from which is causing more redemptions, which is, in turn, increasing the anger and fear, and I could make a similar argument about sterling’s depreciation. I was as surprised and disappointed as most Londoners after we voted to leave Europe last Thursday but I have been shocked by the depth of everyone’s misery since. Here’s what I think: We are in for a prolonged period of increased uncertainty.

Want to Know How VC’s Calculate Valuation Differently from Founders?

Both Sides of the Table

After valuation in the video we went through Liquidation Preferences, Board Seats, Protective Provision, Voting Rights, Drag Along Rights, Redemption, Anti-Dilution and a few other key terms. Back in 1999 when I first raised venture capital I had zero knowledge of what a fair term sheet looked like or how to value my company. Due to competitive markets we ended up with a pretty good term sheet until we needed to raise money in April 2001 and then we got completely screwed.

The 4 Keys to Building Brand Loyalty with Millennials

Up and Running

Brands can benefit most from digital coupon redemption experiences that are automatic. According to John Caron, CMO at Linkable Networks, “Marketers who consider invisible redemption (card-linked) will win the race to scale digital couponing.”. In the thirty seconds it takes to read this introduction, a commercial will run on TV. It will be for a brand peddling a product or service and it will claim the highest of quality for said product or service.