socalTECH

OCTOBER 25, 2018

San Diego-based Axos Financial , a consumer and business bank, said Wednesday afternoon that its subsidiary, Axos Securities , has agreed to acquire certain assets of WiseBanyan Holdings , a provider of digital wealth management software and services. Axos Financial said the acquisition would be immaterial to its finances.

Develop 167

Develop Development San Diego Tool 167

Berkonomics

NOVEMBER 1, 2018

And for tax reasons, remember them before the closing of the deal, so that you can do so by sharing a bit of your proceeds without paying personal income tax upon those amounts. And those that are total write-offs in which no one except perhaps the bank and lenders receive anything. Formal option plans for some.

Sales 480

Sales Venture Capital Writing Email 480

socalTECH

OCTOBER 19, 2010

Westlake Village-based Intuit Financial Services , the arm of personal finance software maker Intuit, said Tuesday that it has published a survey showing that about one third of Americans are now using online banking software using online products, up from 27 percent a year ago.

Westlake Village 182

Westlake Village Acquisition Software Services 182

Berkonomics

FEBRUARY 28, 2019

It’s a fact of life that a banker, lender or lessor will ask for a personal guarantee from the founder or entrepreneur most every time. And the process of borrowing money or financing asset purchases can be an eye-opener for those who are not used to today’s lender and seller aversion to grant easy credit. The short answer is “yes.”

Entrepreneur 120

Entrepreneur Course Email Pricing 120

Startup Professionals Musings

JUNE 11, 2022

Obviously, these companies still need money to get started, or finance growth, just like a for-profit company. Loans from a bank or other financial institution. Non-profits can apply for a bank loan or line-of-credit, just like any other individual or company. Personal loans from individuals, employees and board members.

Funding 130

Funding Equity Technical Review Organization 130

socalTECH

OCTOBER 12, 2016

Three, Los Angeles area companies have been selected for a accelerator being run by Silicon Valley Bank and Mastercard, the companies announced this morning. Domuso is developing payment financing software for renters; Earny is a personal assistant which provides money back on purchases; and Papaya develops mobile bill payment apps.

Santa Monica 100

Santa Monica Company Companies Burbank 100

Berkonomics

FEBRUARY 2, 2017

It is no secret that the IRS looks carefully below the surface for personal use of company assets (including cash) in its corporate income tax audits. Think of the effect of locking the supply cabinet only to take from it whatever the person controlling the security of the cabinet wishes for personal use.

Entertainment 120

Entertainment Email Entrepreneur Pricing 120

Berkonomics

DECEMBER 5, 2019

Here comes some advice for all of us to use in business or in our personal lives. And it has application to our personal lives as well. For our personal lives, the same rule applies, with two months’ reserve should be an absolute minimum. Good cash strategies to remember. Those are both good strategies.

Email 156

Email Funding Marketing Capital 156

Berkonomics

FEBRUARY 9, 2023

Satisfy the seller’s need to claim a higher sales price victory by moving a substantial part of the price into a future earn–out or using the target company’s own cash to pay part of the price, or asking the seller to finance a significant piece of the sale. The lesson: There are many ways to bridge a gap.

Pricing 156

Pricing Sales Examples Tool 156

Berkonomics

JUNE 8, 2017

Some businesses require very little capital and the founder can self-finance the enterprise and retain 100% of its ownership and control from ignition through liquidity event (startup through sale). And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

Venture Capital 266

Venture Capital Class Invest Equity 266

socalTECH

JUNE 8, 2020

Scott Grimes: We are the simplest entry point into finance. Scott Grimes: The goal was always to make it simpler for people to engage with their finances. Our goal, from the beginning, 3 years ago, was to create the simplest entry point into finance we could. We love texting, because it's a very personal, intimate environment.

Content 124

Content Social Media Startup Artificial Inteligence 124

socalTECH

MAY 10, 2016

For many people�particularly young people�the intricacies of personal finance and Wall Street can be very intimidating. How do you help young people figure out and understand finance, in a simple, easy to understand format? We spoke with Tina Hay , founder and CEO of Napkin Finance, about the service and financial literacy.

Course 100

Course Content Platform Resource 100

socalTECH

JANUARY 12, 2017

Los Angeles-based ConsumerTrack , the operator of GoBankingRates.com and other personal finance content and lead generation sites, said today that it is expanding its headquarters in El Segundo. ConsumerTrack says its customer include such companies Fidelity, Transunion, Chase Bank, and many other financial institutions.

El Segundo 100

El Segundo Content Los Angeles Sites 100

socalTECH

DECEMBER 18, 2013

Is the age of the brick-and-mortar bank branch over? One of the startups looking to help power the "branchless banking revolution" is Los Angeles-based Card.com. The startup--which offers up a wide range of branded, Visa cards--is one of a growing number of finance related technology startups in Southern California.

Help 262

Help Startup Mobile Southern California 262

Startup Professionals Musings

MAY 28, 2021

Most entrepreneurs expect to face the “normal” challenges of starting a business, which include finding the right opportunity, building and executing a winning plan, and financing their venture. Personal wealth management. Good entrepreneurs find a great personal adventure, like Richard Branson, or great philanthropy, like Bill Gates.

Startup 152

Startup Training Entrepreneur Course 152

Berkonomics

MARCH 27, 2014

There are so many ways to finance a small business. Most of them rely upon some form of debt, often personally guaranteed by the founder(s). So we investigate the most simple of these methods of debt financing first, since most are simple to execute and non-dilutive – that is help you to retain your ownership intact.

Resource 166

Resource Capital Help Customer 166

Tech.Co

FEBRUARY 5, 2019

Gerald Cotton was an original co-founder of the company, a 30 year-old with a passion for digital finance who worked in the field for over a decade. Cotton was the only person who had the password to the company’s “cold wallet”, a device that’s used to store cryptocurrency. ” – Jennifer Robertson.

News 161

News Customer Custom Commerce 161

Tech Zulu Event

JULY 30, 2013

Your bank is key in this matter. Choosing a banking solution is one of the most important decisions you need to make as a startup (see my previous post on Banking Solutions for Your Startup for more details and advice on this subject). Your work isn’t done once you’ve selecting your banking solution; it’s only beginning.

Startup 98

Startup Activity Course Invest 98

Berkonomics

MARCH 1, 2012

And the process of borrowing money or financing asset purchases can be an eye-opener for those who are not used to today’s lender and seller aversion to granting easy credit. As the amounts get higher or as banks get into the picture, the negotiation around a personal guarantee becomes more of an issue with the lender and the entrepreneur.

Entrepreneur 176

Entrepreneur Startup Email Ideas 176

Both Sides of the Table

MAY 9, 2018

At night I had a group dinner where I met 6 new entrepreneurs and hung out with some old friends from law firms, banks and other VC funds. Because you have a unitary focus on financing your company or you die you seem not to miss a beat in thinking about the last meeting and the funder has been whipsawed in 20 directions.

Software Review 381

Software Review Startup Email Conference 381

socalTECH

APRIL 10, 2019

One of the hottest sectors of the technology startup market today is the use of artificial intelligence, big data, and machine learning across many different sectors including finance. What kind of information and data are you using that goes beyond traditional finance? Jay Budzik: That's a great question.

Artificial Inteligence 113

Artificial Inteligence Tool CIO Customer 113

socalTECH

DECEMBER 27, 2018

Here, we have the thoughts of Rob Freelen , Los Angeles Market Manager for Silicon Valley Bank (www.svb.com). Rob Freelen is the Los Angeles Market Manager for Silicon Valley Bank (www.svb.com), where he leads SVBs technology practice. You'll be able to browse all of those contributions here. Telling compelling stories is crucial.

Southern California 133

Southern California SoCal Culver City Venture Capital 133

Berkonomics

MARCH 30, 2012

Sara focuses upon another side of small business financing not typically considered in the angel and venture world, financing from sources for companies that will probably never be attractive to those niches. . Dave’s Note: This is the first time we’ve had a guest author on the BERKONOMICS site.

Funding 192

Funding Entrepreneur Startup Invest 192

Startup Professionals Musings

SEPTEMBER 8, 2019

Obviously, these companies still need money to get started, or finance growth, just like a for-profit company. Loans from a bank or other financial institution. Non-profits can apply for a bank loan or line-of-credit, just like any other individual or company. Personal loans from individuals, employees and board members.

Equity 94

Equity Startup Technical Review Organization 94

socalTECH

JANUARY 2, 2019

Sutton Capital Partners is a technology investment banking firm and we are, investors in local SaaS/subscription companies and is well known as the host of the annual Recurring Revenue Conference, which we co-host every year. More in-person contact is one of my 2019 goals. What was the biggest lesson you learned this year?

Capital 113

Capital Southern California Technical Review SaaS 113

Startup Professionals Musings

SEPTEMBER 27, 2013

Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. A question I get all the time is “Can I ever expect any backing from my bank for a great opportunity?” Be comprehensive here.

Technical Advisors 75

Technical Advisors Entrepreneur Equity Ideas 75

Eric Greenspan

MAY 23, 2015

Additionally, the car I traded was financed by my ex and it was in her name. Then, a month later, the phone rang and I was told by the dealer that my financing fell through, and I would have to return the car. ” Val, the extraordinary finance person at the dealership said she would try. In my Chapter 8.1

Startup 100

Startup News Course Funding 100

Tech Coast Venture Network

APRIL 22, 2010

Virgina Lorimor There are several options for financing a start-up business that tend to follow a natural course in a business’ development: Personal Investment. With rare exception, you will need to finance personally (or with friends and family to the point of revenue and/or significant customer pre-order or commitment).

Startup 124

Startup Tech Coast Angels TCVN Incubator 124

Both Sides of the Table

FEBRUARY 18, 2020

Every year, a personal Upfront Summit highlight is getting to sit down with experts in a field I care about. landscape format, and how they’re banking on what could be seen as a constraint to really produce unexpected, innovative content. This is an entirely new way of filming Personalization ?—?to But Quibi has raised $1.4

Content 244

Content Netflix Platform Mobile 244

Startup Professionals Musings

JANUARY 8, 2020

Avoid family members and close personal friends. Personally manage cash flow processing and procedures. That means not delegating spending decisions, personally handling inventory decisions, and following-up on overdue receivables. You will also need a line of credit for financing.

Technical Advisors 125

Technical Advisors Startup News Resource 125

TechCrunch LA

OCTOBER 16, 2019

Results from the adoption of the company’s software vary, but Boundless points to data from apps spanning health, fitness, productivity, finance and e-commerce – including a 60% increase in walking, 30% increase in productivity and 21% increase in engagement around diet and exercise. .

Artificial Inteligence 226

Artificial Inteligence Seed Funding Startup Screening 226

socalTECH

JUNE 27, 2011

Are you constantly battling creditors, dealing with debt, late credit cards, and finance fees? To do that, the firm has combined the world of social networking and personal finance with its newly launched service. Out of that, I got to learn about financial default, financial services, and banks. 500 company.

Startup 197

Startup Ideas Southern California Social Network 197

Startup Professionals Musings

SEPTEMBER 13, 2022

This is a most viable alternative if you have personal assets or a home you are willing to commit as collateral to back the loan or credit card. In general, banks won’t give you a loan until the business is cash-flow positive, but there are notable exceptions. Set expectations accordingly. Get a loan or line-of-credit.

Startup 136

Startup Technical Review Equity Incubator 136

TechCrunch LA

NOVEMBER 4, 2019

While some businesses, like Cameo, have successfully raised venture financing , VCs have yet to fully tackle the influencer and creator economy. Robertson is the founder of Influence , a networking tool for influencers that’s expected to announce its Series A financing in the coming weeks. Karat, a startup building a bank for creators.

Platform 170

Platform Marketing Tool Venture Capital 170

socalTECH

OCTOBER 11, 2016

We caught up with Steve Seigel , the executive producer and one of the stars of the new startup pitch program Hatched (www.hatchedtv.com), to learn more about those areas, as well as how he ended up going from investment banking, to running a healthcare startup here in LA, to hosting a television pitch show.

Startup 100

Startup Entrepreneur Invest Competition 100

Startup Professionals Musings

SEPTEMBER 30, 2010

Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. A question I get all the time is “Can I ever expect any backing from my bank for a great opportunity?” Be comprehensive here.

Technical Advisors 80

Technical Advisors Startup Equity Ideas 80

Tech Zulu Event

JUNE 6, 2013

Users can add their Dwolla accounts just like they’d add a bank account by going to Accounts, then Edit, Choose Add Account and type in Dwolla and provide their Dwolla account login credentials. Founded in 2008, Dwolla’s network connects to a user’s bank account to allow them to move money for just $0.25

Help 77

Help Email Mobile Examples 77