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A heartbreaking story about time and money.

Berkonomics

First, think about your time as money! How about young or pre-revenue companies? Dreaming of a company many times the size, he led the board to approve a complete reversal of course, even stating that the company should ignore the existing market niche completely and redesign the product for the broad Fortune 500 corporate market.

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Entrepreneurism is all about personal risk.

Berkonomics

Well, of course it is. The same is true about marketing. Here’s the ultimate thing about entrepreneurism. Resources such as money, experience, statistics about your target, experienced marketing and sales talent, and especially a compelling need and attractive product are all important to the ultimate success of an enterprise.

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Let’s talk about whistle-blowers

Berkonomics

Assuming that a corporate whistle-blower is not tooting about you individually, such a class of people have been granted protections under the law and serve a function that needs to be acknowledged. Motive of the whistle-blower. Note that I use the word “illegal” to differentiate the tell-tale from the legitimate whistle-blower.

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How to Talk About Valuation When a VC Asks

Both Sides of the Table

One of the hardest things about the fund-raising process for entrepreneurs is that you’re trying to raise money from people who have “asymmetric information.” I thought I’d write a post about how to talk about valuation at a startup and give you some sense of what might be on the mind of the person considering funding you.

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Should Startups Care About Profitability?

Both Sides of the Table

They actually lost about $175 million in cash in that quarter, FWIW. I know this seems obvious but I promise you that even smart people forget this when talking about profitability. The Nature of Revenue Matters Of course revenue alone won’t tell you enough. See appendix if you want to know more on this.)

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10 Academic Courses To Kickstart Your Business Career

Startup Professionals Musings

I’m sure that every one of us who has been out in the business world for a few years can look back with perfect hindsight and name a few college courses that we should have taken. But on the business side, here is my list of useful courses that we wish existed, but as far as I know, still aren’t generally available: Basic Office Politics.

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Some Thoughts about Selling at Startups

Both Sides of the Table

If you haven’t read Adam Lashinsky’s awesome new book about Apple , you should. It takes on many of the lessons MBA programs and Corporate America have been teaching about business for the past 50+ years and questions whether lessons from Apple might be more applicable in thinking about the future. Specifically, 1.

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