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Can you be liked while being tough?

Berkonomics

People argue over whether an entrepreneur with a sense of fairness, a desire for collegiality, a want to share the profits can succeed in the long run within a business world full of lions and tigers that eat timid entrepreneurs for lunch. Does a “good heart” diminish the chances of success? First, let’s separate the “good heart” from the issue of whether an entrepreneur is driven to succeed.

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Small Business Grants You Can Apply For in July 2024

Tech.Co

As we ease into the summer months, business optimism finally seems to have recovered from its Covid-induced slump, with a new survey from the US Chamber of Commerce revealing that 73% of US business owners expect their revenue to grow in the next year. Despite this, rising inflation rates and systematic barriers to entry are still preventing millions of business owners from finding success.

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Using Generative AI to Drive Corporate Impact

TechEmpower

Generative AI is revolutionizing how corporations operate by enhancing efficiency and innovation across various functions. Focusing on generative AI applications in a select few corporate functions can contribute to a significant portion of the technology's overall impact. Key Functions with High Impact Generative AI is revolutionizing sales by enabling dynamic pricing and personalized customer interactions, boosting conversion rates and customer satisfaction.

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Waymo can now charge for robotaxi rides in LA and on San Francisco freeways

TechCrunch LA

Waymo received approval Friday afternoon from the California Public Utilities Commission to operate a commercial robotaxi service in Los Angeles, the San Francisco Peninsula and on San Francisco freeways. The approval removes the last barrier for the Alphabet company to charge for rides in these expanded areas. Importantly, it opens up new territory for Waymo […] © 2024 TechCrunch.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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Why the Future of Space Starts in LA

Both Sides of the Table

Credit: Apex Today, Apex announced their Series B funding round, led by XYZ Ventures and CRV, with participation from Upfront. And if you spend much time in LA, you’ll quickly realize that we’re in a groundswell of space and defense startups. Is it because of the rich engineering talent coming out of Caltech, UCLA, USC, Harvey Mudd, and all the other universities?

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Your board should protect you!

Berkonomics

All other board functions are secondary. Even venture capitalists who sit on boards where they have significant investments often forget this point. They write in their investment documents that they will occupy a seat on the board for as long as they are invested in the company, thinking of this as a protection for their investment and tool for them to influence growth.

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How Can Victims Maximize Their Compensation After a Bus Accident in California?

AllTopStartups

Bus accidents can change lives in a big way. They can have a considerable impact. Victims often face severe injuries, emotional trauma, and significant financial burdens. If you’re dealing with… The post How Can Victims Maximize Their Compensation After a Bus Accident in California? appeared first on AllTopStartups.

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New Partnerships – LogicBoost Labs, Hopsctch, StartOut, Fresh, & Business of San Diego

Startup San Diego

We’re wrapping up the month, and we want to announce our newest community partners! These mission-aligned organizations incubate startups, create innovative designs, support LGBTQ+ founders and entrepreneurs, and tell impactful […] The post New Partnerships – LogicBoost Labs, Hopsctch, StartOut, Fresh, & Business of San Diego appeared first on Startup San Diego.

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SCALE

SoCal Tech Calendar

Thursday, March 14, 2024 -- SCaLE 21x.

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7 Government Small Business Grants to Apply For in May 2024

Tech.Co

Seeking funding is a right of passage for many small business owners. While there are endless private and government-backed loans to choose from, if you’re looking to evade strict repayment terms and steep interest rates, it could be worth considering government business grants. Government business grants are financial awards issued by federal, state, or local authorities.

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Pitbull Ventures Closes $5M Fund To Help The Next Generation of Vertical SAAS Companies

StartUp Beat

Pitbull Ventures, the early-stage venture capital firm founded by prominent investor Brad Zions, today announced the close of its $5M Fund I. The fund, which is looking to fuel the growth of pioneering startups in the region and take LA’s tech scene to new heights, invests in pre-seed AI-enabled vertical SAAS startups with early traction. Founder […] The post Pitbull Ventures Closes $5M Fund To Help The Next Generation of Vertical SAAS Companies appeared first on StartUp Beat.

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How Three Best Friends Launched an On-The-Go Underwear Company in 5000 CVS Stores

Startup San Diego

The story of Panic Panties is hilarious, real, and very much needed in this modern world. Three friends, Maria-Nicole Marino, Alexandra Tartell, and Katherine Anne Koury, were casually having dinner […] The post How Three Best Friends Launched an On-The-Go Underwear Company in 5000 CVS Stores appeared first on Startup San Diego.

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Startup intoxication!

Berkonomics

There is nothing quite as thrilling in business as igniting a startup and watching it blossom. Especially when starting a company with personal savings or money from relatives and friends, early signs of success are intoxicating. Each new customer, each mention in the press or online adds to the feeling of early accomplishment. And it is more satisfying because it is yours, from idea to execution.

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Find your rock in Ensenada!

Berkonomics

Have you found your special place to think strategically without interruption? I found mine on a rock in Ensenada, Mexico years ago… But I am ahead of myself… Every entrepreneur has that moment of truth – the one that marks the decision to take the path to entrepreneurship or the path to job security with a larger employer. And down the road a bit, most of us face another when deciding whether or not to go for growth, requiring new investment and increased risks.

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Should you find a business coach?

Berkonomics

Does this resonate with you? The CEO position can be a lonely place, especially when you find yourself in a position of not being able to bring an issue directly to the board and not wanting to explore solutions with associates within the company. Sign of weakness? This sometimes happens when a person is unwilling to admit a weakness in an area that is critical, such as analysis of financial statements, or when unhappy with the actions of your board or with pay offers by the board’s compensation

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I’ve been sued as a board member.

Berkonomics

I’ve been sued as a board member too many times over the past twenty-five years of board service. Five times. Does that shock you? It does me. What’s the exposure? Here are some examples: Entrepreneurs blaming their board for failures of a fragile, early- stage company. Shareholders unhappy over the same loss, reaching out to sue every name available.

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Are you expecting too much from your board?

Berkonomics

Expect a board member to give a meeting a month, emails and phone calls between. Urgent issues require more of all. Of course this is a tricky question. You might expect the answer to be “as much as necessary” or “more during emergencies” or “usually just at scheduled meetings.” But board members are usually busy people, often running other companies or serving on multiple boards.

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How do you pay an early-stage board?

Berkonomics

Give one percent equity to each outside board member vesting over two to four years of service. Many early-stage CEOs and board members have asked for some guidance regarding pay and time commitments for board members. Here is my best advice, based upon many boards and many years. Pay early-stage board members of companies that are not lifestyle businesses one percent of the fully diluted equity in the form of an option that vests over two to four years of service.

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Take this test to predict your success:

Berkonomics

Your success must be based upon data that is solid and sometimes flexible enough to pass several critical tests if it is to guide a business enterprise to greatness. Here in brief are ten tests for your successful vision. Try these on for size, and test yourself for attractiveness to the marketplace, to investors and to history. Ten tests for your business success: Is your market identifiable and accessible?

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To directors and advisors: “Noses in; fingers OUT!”

Berkonomics

Many of us have someone who reports directly to us and who supervises others in return. Well, this one is for you. And it is one of the most important lessons you can learn as a manager, board member, or advisor of a company or even a non-profit enterprise. Where did this statement come from? I first heard this in a governance seminar for a non-profit higher educational board upon which I sit, over 25 years ago.

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Are your board members as valuable as you?

Berkonomics

Perhaps this is the natural conclusion from the several insights previously explored. While the CEO and management offer the vision, strategies, and tactics as well as the proposed budget, it is the board that controls with its votes the execution of strategy, the expenditure of cash, the taking on of debt or new equity, the very direction of the company as well as its ultimate health.

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Should board members be elected “for life?”

Berkonomics

No board member should be grandfathered, guaranteed a board seat forever. Practically speaking, this is an impossible goal. We have investigated the restrictions imposed by investment documents and the obvious need to keep continuity on the board with the retention of the CEO position at the very least. But it would be the best of form to require in the bylaws of a corporation that all seats are re-elected annually.

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Fight for balance on your board!

Berkonomics

Picking up where we left off… In my last insight, I described the CEO who stacked the board with two friends, making a majority for control purposes and relegating the investor representatives to insignificance. There were no outside board members with industry experience, no members the CEO trusted with governance backgrounds, no scientists to evaluate the technology that is the core asset of the corporation.

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Hire a consultant; ignore the advice!

Berkonomics

The ideal use of consultants… At one time or another, most all businesses use consultants to fill the gaps in knowledge or to provide guidance for management. Consultants are good in that you can sample their work with short projects, change to other consultants quickly, and stop using them when a project is completed. A personal story of ignorance of good advice.

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How to cheat legally on your tax return.

Berkonomics

When do you cross the line between honesty and dishonesty in tax planning? Is it ethical to allocate income between periods to take advantage of tax breaks? Can expenses be put off until the next period to increase income, or accelerated into this period by prepayment to decrease net income? Where do you draw the line, assuming no intent to defraud?

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Do you really need an accountant?

Berkonomics

First, let’s be sure we define our terms. Accountants are trained, certified and usually quite experienced in financial analysis, both creating and reviewing data. Bookkeepers are often trained on the job although sometimes more formally and handle the physical work of accounting for the transactions. To expect a bookkeeper to provide analytical planning is to ask for something they often cannot provide, except in a cursory way.

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What if you see juicy competitor information?

Berkonomics

Has this happened to you? Many of us belong to industry associations and find ourselves at conferences and trade shows with time to spend with competitors. Some of these are old friends, some even former associates. It is natural to want to associate with these people for many reasons, certainly socially. Most CEOs want to obtain information about their competitors in the most subtle and non-obvious ways.

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7 Private Small Business Grants to Apply For in June 2024

Tech.Co

Starting or growing a small business in 2024 is no easy feat, and one of the biggest obstacles you will face is securing funding. While small business loans can provide a lifeline to business owners looking for swift cash injections, high interest rates, and repayment terms have the potential to sting you later down the line. As the old adage goes, money doesn’t grow on trees.

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8 Grants Women-Owned Businesses Can Apply For in 2024

Tech.Co

With 42% of US companies currently owned by females, the business landscape has become a lot more equitable in recent decades. Yet, despite major strides being made by women in business, entrepreneurship is still very much a man’s game, with all-female start-ups receiving only 1.9% of venture capital funding in 2023. But it’s not just angel investors that favor the status quo.

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Can your lawyer destroy a good business deal?

Berkonomics

Let’s talk about lawyers… Over the years in business and as a member of over forty boards, I have received good advice from corporate attorneys and on occasion bad advice as well. There is a line that should be drawn in a relationship between corporate attorney and CEO or board. Attorneys are paid to protect the corporation, not to give business advice.

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Startup San Diego Tech Report Episode 2 Wrap Up: MWC, SXSW, & CPG AI Glow-up

Startup San Diego

The second episode of the Startup San Diego Tech report featured a conversation between Cheryl Goodman, Vice Chair of Startup San Diego, and Bryan Landers, AI Product Designer at Zapier. […] The post Startup San Diego Tech Report Episode 2 Wrap Up: MWC, SXSW, & CPG AI Glow-up appeared first on Startup San Diego.

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Recap & Photos of our First Ever Investor & Founder Mixer with TechCon SoCal! 

Startup San Diego

Last week over 80+ attendees came together for our very first Investor & Founder Mixer at the brand new Legacy Resort Hotel & Spa. We invited local investors and founders […] The post Recap & Photos of our First Ever Investor & Founder Mixer with TechCon SoCal! appeared first on Startup San Diego.

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Announcing Panelist for June 1st Mondays of Summer – Expert Panel & Networking

Startup San Diego

We’re coming close to our 1st Mondays of Summer powered by JP Morgan Startup Banking and UCSD Design and Innovation, happening June 24th, 6:00 PM – 8:00 PM. If you’re […] The post Announcing Panelist for June 1st Mondays of Summer – Expert Panel & Networking appeared first on Startup San Diego.

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SSD Tech Report: Covering MWC, SXSW, and a Startup CPG AI “Glow-Up”

Startup San Diego

MWC 2024: More AI than APIakeaways that will touch consumers The Mobile World Congress (MWC) stands as the premier event for the mobile telecommunications sector. In 2024, MWC rebounded to […] The post SSD Tech Report: Covering MWC, SXSW, and a Startup CPG AI “Glow-Up” appeared first on Startup San Diego.

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Startup San Diego 2023 Impact Report is Here!

Startup San Diego

The 2023 Startup San Diego Impact Report is here! 2023 was a celebratory and monumental year for Startup San Diego. We welcomed Lisa Barnhouse as the 3rd Executive Director for […] The post Startup San Diego 2023 Impact Report is Here! appeared first on Startup San Diego.

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Newest App Guiding Patients Through Their Pre & Post-op Process | Startup Spotlight ft. ReliaCare

Startup San Diego

The Startup Spotlight Podcast is the newest podcast focusing on local Founders, Entrepreneurs, Executives, Creatives, and Leaders in the San Diego—Tijuana region. Whether in early-stage, growth, or crushing it, we’ll […] The post Newest App Guiding Patients Through Their Pre & Post-op Process | Startup Spotlight ft. ReliaCare appeared first on Startup San Diego.

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