June, 2017

Doing The Heavy Lifting

A VC : Venture Capital and Technology

Most venture capital investments are made, over time, by syndicates. This means a group of venture capital firms develops around a company, usually built over multiples rounds. Some of the firms in the syndicate agree to (or require) having a partner from their firm join the Board of the company. If you look at the roughly dozen boards I am on, most of them have multiple venture capitalists on them.

Tesla Lost $700 Million Last Year, So Why Is Tesla’s Valuation $60 Billion?

Steve Blank

Automobile manufacturers shipped 88 million cars in 2016. Tesla shipped 76,000. Yet Wall Street values Tesla higher than any other U.S. car manufacturer. What explains this more than 1,000 to 1 discrepancy in valuation? The future.

Trending Sources

Go For Culture Add, Not Culture Fit

Feld Thoughts

I’ve come to despise the phrase “culture fit.” ” I don’t remember when I first heard it, but it was many years ago. Over time, it became woven into the world of entrepreneurship, as companies used it as a primary frame of reference for hiring.

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10 Guidelines For Storytelling To Hype Your Startup

Startup Professionals Musings

The entrepreneur’s challenge is to effectively communicate their value proposition, not only to customers, but also to vendors, partners, investors, and their own team. Especially for technical founders, this is normally all about presenting impressive facts. But in reality facts only go so far.

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Guest Post: Introducing The Customer Happiness Canvas

Grasshopper Herder

The Customer Happiness Canvas is a tool for teams to visualize strategies for getting and keeping customers. The post Guest Post: Introducing The Customer Happiness Canvas appeared first on GrasshopperHerder.com.

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Lessons From The Internet Bubble: Growth vs. Profitability

Feld Thoughts

Over the weekend, Mark Suster and Fred Wilson each put up awesome posts discussing the idea of profitability in startups. Mark’s is a master class about how to look at the financial characteristics of a startup and Fred’s discusses what he’s been working on with some of his more mature companies. They are both worth reading right now. I’ll be here when you get back.

6 Ways To Spot Innovative Thinkers For Your Startup

Startup Professionals Musings

Entrepreneurs are usually highly creative and innovative, but many innovative people are not entrepreneurs. Since it takes a team of people to build a great company, the challenge is to find that small percentage of innovative people, and then nurture the tendency, rather than stifle it.

Stop All Social Media Activity (Organic) | Solve For A Profitable Reality

Occam's Razor

Life is short. It is time to point out an ugly truth, and to be the brave person that you are, the intelligent rational assessor of reality that you are, and kill all the organic social media activity by your company. All of it. Seems radical, but let’s take it one step at a time.

28 Entrepreneurs Reveal What Entrepreneurship Means to Them

Hearpreneur

Being an entrepreneur is a source of pride. It also evidences an individual with a huge amount of discipline and focus to be able to build a business a lot of times from just an idea. It is the ambition of an entrepreneur that built the most profitable and successful companies.

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Should Startups Care About Profitability?

Both Sides of the Table

There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. One of them is whether profitability matters.

Dalhousie University Commencement Speech – 2017

Steve Blank

Light a path for the better angels. Thank you, Chancellor McLellan, President Florizone, Dean Charlebois, Dr. Hewitt, and Dr. Kilfoil for the invitation to speak today and thank you for the honorary degree. I’m honored to speak at a university whose motto is: Pray and Work.

Does VC Fund Differentiation Matter?

Feld Thoughts

I’ve met and emailed with many pre-seed and seed GPs in the past year. Over sushi last night with two of them, who are also long-time friends, one of them asked me “Brad, how do you think we are differentiated?” ” This generated a rant from me that went something like this.

If You Can’t Find An Angel Investor, Look Again, Here

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.

3 Lessons From High Achievers On Work-Life Balance

YFS Magazine

Take a look at 3 valuable lessons from high-achievers who have successfully maintained fulfilling personal lives while advancing in their career. Lifestyle lifestyle success advice work-life balance

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27 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

Each business has a story. No matter if the business is a Goliath like Wal-Mart, or a local business owned by a couple or family, the business has roots in an idea. For each business owner, the story of their journey can range from monetary needs or the passion for a unique project.

What is the Right Burn Rate for your Startup?

Both Sides of the Table

One of the hardest decisions entrepreneurs make when they start a company and raise outside capital is figuring out what an acceptable “burn rate” is.

Why a Company Can’t “Be More Like a Startup”

Steve Blank

This article originally appeared in the Harvard Business Review. As more and more companies face disruption from globalization, new technology, and startups that have more capital than the incumbents, the continuing cry from Wall Street investors is, “Why can’t companies be as innovative as startups?”. Here’s one reason why: Startups can do anything. Companies can only do what’s legal. Startups can do anything.

I Don’t Accept This Apology

Feld Thoughts

I don’t believe that one starts an apology with the sentence “ The past 24 hours have been the darkest of my life.” In my world, the apology is to another person. It’s not a tone setting exercise, or a plea for sympathy, for the one making the apology. I was fuming after seeing the public apology on Axios from Justin Caldbeck. I could be wrong, but it felt like it was written by a crisis management PR firm. I spent most of Friday evening angry and upset. Embarrassed by the behavior of some men.

5 Reasons Entrepreneurs Need To Highlight Small Wins

Startup Professionals Musings

Managing and motivating a team in a startup is more than just using the right interpersonal skills. It’s more than providing recognition, tangible incentives, and clear work goals.

Theres gold in them thar piles of contracts

deal architect

The category of Contract Lifecycle Management (CLM) software has been rapidly evolving from its document management and audit roots to automation of complex legal language and sophisticated measurement of exposure to risk. That came out loud and clear when I. Silicon Collar Vertical Markets (Banking, Retail etc

The Evolution of THE STARTUP WAY Cover

Startup Lessons Learned

Guest post by Marcus Gosling, VP of Product, Long-Term Stock Exchange. I’m excited to reveal the final cover for Eric’s next book, THE STARTUP WAY , coming October 17.

21 Entrepreneurs Explain How They Came Up With Their Business Name

Hearpreneur

The idea of exactly what your business is going to be usually comes first. Secondly, most often, is giving a title to your idea. What exactly is going to be the name of your business? Some people turn to their childhood for inspiration or a beloved family pet.

We Have A Moral Obligation

Steve Blank

I was in Boston and was interviewed by The Growth Show about my current thinking about innovation in companies and government agencies.The interviewer was great and managed to get me to summarize several years of learning in one podcast. It’s worth a listen. At the end of the interview I got surprised by a great question – “What’s the Problem that Still Haunts You?” ” I wasn’t really prepared for the question but gave the best answer I could on the fly.

New Foundry Group Company Jobs Page

Feld Thoughts

We very rarely hire anyone at Foundry Group (although we are hiring an Executive Assistant ). However, many of the companies we invest in are often hiring. Over the years we’ve had a Foundry Group Jobs Page but we’ve never found software that was painless for us to use to keep it current. As a result, it would often get out of date and have to be updated manually.

4 Traits To Strive For To Make You An Extreme Leader

Startup Professionals Musings

By definition, most entrepreneurs are thought leaders. They have the ability to recognize a market need, the skills to design and implement a solution, and the drive to start a business from that solution. It all comes from within themselves.

How and Why You Should Validate Your App Idea Before You Build

Up and Running

Almost on a weekly basis, I meet new aspiring entrepreneurs looking to execute on their ideas. Some believe in the all-in approach to product development: build an advanced app. If it works, they’ll hit it big, and if it doesn’t, they’ll make some changes and do it again.

On-demand marketplaces: How to pull levers to reach Supply-Demand Equilibrium

Version One Ventures

This is the first in a series of posts summarizing our speakers’ insights from the Data-driven Marketplace Meetup on May 16. Today, we just need to pick up a phone to order groceries or a fully cooked meal, or hire someone to do our laundry or walk the dog.

Procore Technologies Hosts Summer Solstice Kick-Off Party for Austin Tech Community

SiliconHills

Procore Technologies, which makes construction management software, is hosting a Summer Solstice Kick-Off party next Thursday. And you’re invited. The event takes place at Procore’s Austin office at 221 W. 6th Street on the 18th floor starting at 5:30 p.m.

How To Avoid Costly Mistakes When Staffing Your Finance Team

YoungUpstarts

by Michael Burdick, CEO of Paro. When it comes to financial activities, trust and credibility matter. They affect how well your financial team performs, your company’s reputation, and, ultimately, its bottom line.

Women Forward in Technology Scholarship Program

Feld Thoughts

Are you a woman who is an undergraduate or graduate student enrolled full-time at an accredited university in the US, in a STEM field? If you are, you now have an opportunity to apply for a Women Forward in Technology Scholarship. Distil Networks just led a group of us, including Foundry Group, Techstars, Cooley, Yesware, Help Scout, Cloudability, Kulesa Faul, FullContact, and Anchor Point Foundation, to raise $50,000 to advance female representation in technology.

10 Behavioral Tips To Raise Your Cool Factor At Work

Startup Professionals Musings

Every business professional needs to stay cool under pressure, to be a top performer, and for the sake of their own health. Yet everyone has a melting point – a critical threshold where pressure causes them to respond irrationally.

Why Small Community Lenders Have Your Back

Up and Running

One of the largest banks in the country, with branch locations in your town, advertises everywhere. You know their jingle. Those ads are tempting for small business owners—it’s hard to resist the ten largest banks because they control over $10.1

How Ottawa is Attracting Tech Talent

The Startup Magazine

Recent reports show Ottawa as the most attractive tech hub in Canada with the best cost of living and second best average salary. Located in the same timezone as New York and Boston, it is increasingly becoming a promising city for job-seeking tech talent looking north.

Get ready for ambient computing

Start Up Blog

The best sign of technology maturity is this – it becomes invisible. It’s there in our everyday lives, but fades into the background, it requires less attention and it forms part of our everyday ambient environment. Like electricity does.

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