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National Technical Systems Gets $14M In PIPE

socalTECH

Calabasas-based National Technical Systems , which provides testing and engineering services, said today that it has raised $14M in a private placement. The firm said it raised the debt and equity with Mill Road Capital. The firm said the new funding will go towards one or more future acquisitions by the company. Riley & Co.

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If You Don’t Define Your Personal Brand the Market Will

Both Sides of the Table

I have long advised startup companies that if you don’t control your messaging somebody else will and your potential customers will form impressions of you shaped by somebody else or by nobody at all. For 1991 I was very technical and also had a lot of practical business implementation experience in technology. ” F**k.

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How to Handle a VC Presentation with No Deck

Both Sides of the Table

I recently filmed a show for This Week in Venture Capital in which I talked about how to prepare for a VC meeting: whom you’ll meet, who should attend from your side, what materials you should bring and how you should run the meeting. I funded them 8 weeks later. The “Triple Play&# of VC Presentations.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

It’s what signals to existing investors how quickly their teams need to be fund raising and the level of risk the company is facing and also it signals to potentially new investors both how quickly you need to raise (ie you have less leverage if you’re in a rush) as well as how much cash you’ll need if they fund you.

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Interview with Erik Rannala, MuckerLab

socalTECH

Accelerator programs--like YCombinator in Silicon Valley, and TechStars in Colorado--have come to the forefront of the minds of entrepreneurs as a way to boost their ideas quickly into the market, find funding, and into existence. We're providing seed funding, office space, and put them through a three month, structured program.

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Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

There is a second set of career discussions I have even more frequently than my “angel yourself” advice but this type is almost never discussed publicly in blogs, which tend to emphasize only billion-dollar opportunities, 20-something technical founders and Silicon Valley elitism.

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Is it Time for You to Earn or to Learn?

Both Sides of the Table

Let’s assume that the company raised it at a normal VC valuation, which means it gave up 33% of the company and thus $5 million / 33% = $15 million post-money valuation. I advised against the SF role because it was a bigger company and his role would be pushing paper from one side of his desk to the other.

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