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Why GE’s Jeff Immelt Lost His Job – Disruption and Activist Investors

Steve Blank

This article first appeared on the Harvard Business Review blog. In his Harvard Business Review article summing up his tenure, Immelt recalls that the two things that influenced him most were Marc Andreessen’s 2011 Wall Street Journal article “ Why Software Is Eating the World, ” and Eric Ries’s book The Lean Startup.

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Organizational Debt is like Technical debt – but worse

Steve Blank

But over time code/hardware written/built to validate hypotheses and find early customers can become unwieldy, difficult to maintain and incapable of scaling. You fix technical debt by refactoring , going into the existing code and “cleaning it up” by restructuring it. These shortcuts add up and become what is called technical debt.

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Should Startups Focus on Profitability or Not?

Both Sides of the Table

If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. They have have raised $2-3 million, built a product that has some amount of market traction and got to annualized revenues of around $1 million.

Startup 418
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30 Entrepreneurs Share How They Prepare for a Bad Economy

Hearpreneur

Thanks to Abdul Saboor, The Stock Dork ! #2- As I've taken the time to invest in companies and programs that can manage various facets of my business on my behalf, I've been able to increase my revenue and provide better financial insulation for my firm to help it withstand the negative effects of a recession. Photo Credit: Eva Tian.

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Equity-Only CTO and Equity-Only Developers

SoCal CTO

The very last email I got from him told me the following: Thank you for your time Tony, I understand everyone wants a huge salary, no risk and a cut of the profits. Most of the great software startups that I’ve been involved in have at least one technical co-founder (and many have more than one.)

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Should Nonprofits Have a Legal and Compliance Department?

Board Effect

Code of conduct policy (unethical activity can put the organization at risk). The individuals who are responsible for legal and compliance matters should review and evaluate the corporate governance documents with an eye on establishing standards and procedures and strengthening existing policies. Conflict of interest policy.

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29 Entrepreneurs Reveal the Pivots They’re Making in Their Business as a Result of Pandemic

Hearpreneur

To prepare for this we invested in Virtual Tour cameras and software and packaged it with our other services. Although our in-person services were put on hold, our eCommerce products, including virtual services tripled in revenue. Due to that, we decided to widen our client base to increase our revenue.