socalTECH

OCTOBER 2, 2012

We thought it might be interesting to talk with one of the fund's managing directors, Jeb Spencer about the fund's success in technology investments, plus how it managed to raise another fund in this kind of environment, plus its unique goal of getting companies to an acquisition--and not an IPO.

Acquisition 168

Acquisition Software Review Technical Review Equity 168

Berkonomics

NOVEMBER 24, 2022

Well, even though that acquisition is still playing itself out on the field of battle, it appears quite clear that the new parent has directed its new subsidiary to abandon the lower end of the market and focus upon the larger sales, corporate customers, and major brands. Been skewered for slow customer service?

Resource 156

Resource Competition Examples Customer 156

socalTECH

JULY 12, 2018

Financial details of the acquisition were not announced. Clearlake has owned Pomeroy Group Holdings for the last five years. Pomeroy provided information technology services, including managed services, to the middle market and enterprise customers. Pomeroy was based in Hebron, Kentucky.

Capital 113

Capital Santa Monica Equity Acquisition 113

socalTECH

AUGUST 30, 2012

Earlier this week, Los Angeles-based Wittlebee (www.wittlebee.com) announced the acquisition of its own, clothing company--Cottonseed Clothing Company--as it continues to build out its subscription, children's clothing service. Every box is custom, and you can update that as much as you want as your kid grows. How did it come about?

Acquisition 167

Acquisition Help Social Media Startup 167

Berkonomics

FEBRUARY 9, 2023

The most striking example was the one hundred million–dollar purchase of one of my companies by a New York private equity investor using only five million of its cash. Offering too little in an acquisition to satisfy the seller? But I learned it again and again in my various business lives. Here’s a striking example.

Pricing 156

Pricing Sales Examples Tool 156

Startup Professionals Musings

MARCH 25, 2023

Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion. Twitter showed no focus on revenue in the first five years, but was able to parlay 500M users into a $53B public company, and now growing revenue. High customer loyalty and high team passion.

Organization 94

Organization Invest Customer Custom 94

Startup Professionals Musings

OCTOBER 30, 2020

Most of you prefer to ignore the feedback from analysts that your chances of creating the next unicorn startup may be as low as one in five million. I suggest looking for painful problems to solve, rather than “easier to use” or “nice to have” solutions, for customers with money. Collaborate with customers to tune your solution.

Outsource Development 154

Outsource Development Social Media Software Review Customer 154

Startup Professionals Musings

JUNE 21, 2020

Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion. Twitter showed no focus on revenue in the first five years, but was able to parlay 500M users into a $35B public company, and now growing revenue. High customer loyalty and high team passion.

Organization 173

Organization Invest Customer Custom 173

Startup Professionals Musings

FEBRUARY 14, 2022

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. I found their five phases of the process to be compelling, based on my own years of experience mentoring startups: Nail the pain.

Technical Review 143

Technical Review Customer Custom Entrepreneur 143

TechCrunch LA

JULY 23, 2019

Now the five-year-old firm, with newly found significant capital in the bank , is attempting to replicate its success in international markets. On Tuesday, Haptik announced it has acqui-hired Convrg, a Los Angeles-based startup that develops chatbots, to serve customers in North America. 60% of all software is bought in the U.S.,

Los Angeles 209

Los Angeles Angel Startup Google 209

Startup Professionals Musings

FEBRUARY 11, 2023

Here are five key ones to celebrate: Enjoy the feedback from every satisfied customer. Talking to real customers is the best way to keep your inspiration alive, as well as the best way keep on track with changing trends and future innovation ideas. Increasing customer focus and loyalty.

Startup 118

Startup Satisfaction Customer Custom 118

Startup Professionals Musings

OCTOBER 8, 2022

In reality, a simple Excel spreadsheet model customized around your assumptions can save you hours and avoid a wasted expense in validating alternative vendor and marketing decisions. Vendor costs are subject to change, customers are fickle, competitors come out of the woodwork and the economy can take a downturn. Marty Zwilling.

Startup 147

Startup Pricing Sample Customer 147

Berkonomics

AUGUST 1, 2013

But businesses that expose their story to tens of millions of potential customers through the Internet need additional tools. CHURN (% customer cancelling each month). CHURN (% customer cancelling each month). LPC (Lifetime Profit per Customer). CACR (Customer Acquisition Cost Ratio).

Acquisition 189

Acquisition Statistics Sales Customer 189

Berkonomics

MAY 27, 2021

They protect the company by overseeing the expenditure of company money for expansion, acquisitions, purchases of large assets, hiring of senior management and more. The usual size of a board is five, but legally the number in most states is equal to the number of shareholders up to a maximum of three board members required by law.

Resource 156

Resource Acquisition Class Help 156

Startup Professionals Musings

OCTOBER 6, 2023

Others schedule exhaustive training sessions for everyone on the team, including showcase customers, to make sure that everyone paints a consistent picture. Due diligence always involves on-site visits, informal discussions with any or all members of the team, vendors, and good customers as well as bad. Traction in the marketplace.

Technical Review 118

Technical Review Startup Satisfaction Invest 118

Startup Professionals Musings

MAY 16, 2020

Here are five key ones to celebrate: Enjoy the feedback from every satisfied customer. Talking to real customers is the best way to keep your inspiration alive, as well as the best way keep on track with changing trends and future innovation ideas. Increasing customer focus and loyalty.

Satisfaction 174

Satisfaction Customer Custom Outsource 174

Startup Professionals Musings

APRIL 17, 2023

On the other hand, if you are a new entrepreneur, still in the idea stage, professional investors will only tell you to come back later when you have traction (customers and revenue). For example, if you have a proven product, real revenue, a big potential market, and are ready to scale up the business, every investor will be interested.

Funding 125

Funding Startup Ideas Equity 125

Startup Professionals Musings

JANUARY 24, 2021

Others schedule exhaustive training sessions for everyone on the team, including showcase customers, to make sure that everyone paints a consistent picture. Due diligence always involves on-site visits, informal discussions with any or all members of the team, vendors, and good customers as well as bad. Traction in the marketplace.

Technical Review 151

Technical Review Startup Satisfaction Invest 151

Startup Professionals Musings

JANUARY 6, 2020

In reality, a simple Excel spreadsheet model customized around your assumptions can save you hours and avoid a wasted expense in validating alternative vendor and marketing decisions. Vendor costs are subject to change, customers are fickle, competitors come out of the woodwork and the economy can take a downturn. Marty Zwilling.

Startup 123

Startup Pricing Sample Customer 123

socalTECH

JUNE 8, 2020

As we move forward, we are hoping to personalize that relationship as much as possible, based on life events, and provide a customized experience. It's good if you can help five to ten people, but it's better if you can help five to 10 million people along their financial path, and have a greater impact.

Content 124

Content Social Media Startup Artificial Inteligence 124

InfoChachkie

SEPTEMBER 29, 2014

My article 5 Time-Tested Success Tips From Amazon Founder Jeff Bezos was so well received, I am sharing five more pearls of wisdom from Mr. Bezos. This encouraged task groups to be limited to five to seven individuals. We know this is a feature that’s good for customers. A version of this article previously appeared on Forbes.

Tips 223

Tips Framework Metrics Cloud Computing 223

Startup Professionals Musings

MAY 15, 2019

Steve Blank via Flickr by jdlasica I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Great businesses begin with a customer problem that has a big and monetizable pain point. Nail the solution.

Startup 98

Startup Technical Review Customer Custom 98

Startup Professionals Musings

AUGUST 1, 2021

In his classic book on building a business, “ Traction: Get a Grip on Your Business ,” Gino Wickman, a similar experienced business consultant and developer of the Entrepreneurial Operating System (EOS), outlines five common frustrations that we both hear from entrepreneurs, as follows: You are the boss, but you don’t have control.

Entrepreneur 174

Entrepreneur Search Engine Optimization Satisfaction Social Media 174

Berkonomics

OCTOBER 13, 2016

Well, even though that acquisition is still playing itself out on the field of battle, it appears quite clear that the new parent has directed its new subsidiary to abandon the lower end of the market and focus upon the larger sales, corporate customers, and major brands. Been skewered for slow customer service?

Resource 120

Resource Competition Examples Customer 120

Both Sides of the Table

FEBRUARY 28, 2018

When a product is truly unique and demanded a retailer willingly promotes and sells it en masse in part because it does get margin on the good but also because it brings customers in the door who spend on other products. Ariel understood her customer?—?the So Why Does This Matter? the modern buyer of home products?—?better

Product 296

Product Course Customer Custom 296

socalTECH

SEPTEMBER 17, 2010

Among other updates the firm added to its S-1 filing, the firm reported it now has eight patents granted--up from five--for its intellectual property, and an additional sixteen pending in the United States and other jurisdictions. Tags: demand media domain domainer content merger acquisition legitscript. READ MORE>>.

Demand 194

Demand Media Santa Monica Report 194

Startup Professionals Musings

JULY 22, 2020

On the other hand, if you are a new entrepreneur, still in the idea stage, professional investors will only tell you to come back later when you have traction (customers and revenue). For example, if you have a proven product, real revenue, a big potential market, and are ready to scale up the business, every investor will be interested.

Startup 148

Startup Ideas Equity Invest 148

TechCrunch LA

DECEMBER 15, 2021

AvantStay’s basic premise is based around kitting out and then handling the rentals for high-end homes as a viable alternative, or even improvement on, the experience that a typical guest might have had in a five-star hotel; and it has harnessed technology in aid of that. “It has always lagged hotels by a wide margin.

Platform 139

Platform Invest Los Angeles Funding 139

socalTECH

NOVEMBER 30, 2009

We've now been operating for five months, and have become the leading web service for mobile fundraising in the country. What kinds of customers are using your service? We've gotten over 80 paying customers in our five months we've been deployed. I'm a serial entrepreneur, and have started five companies.

Mobile 162

Mobile Web Startup Customer 162

Berkonomics

JANUARY 26, 2017

The most striking example was the one hundred–million–dollar purchase of one of my companies by a New York private equity investor using only five million of its cash. Offering too little in an acquisition to satisfy the seller? But I learned it again and again in my various business lives.

Pricing 120

Pricing Sales Tool Equity 120

socalTECH

MARCH 1, 2012

Last week, Pasadena-based Punchcard (www.punchcard.com) launched its mobile apps, which help local retailers provide rewards to loyal customers. It provides consumer rewards, and on the merchant side, it allows them to identify local customers and reacquire them by pushing them offers and incentives to come back. What is Punchcard?

Southern California 245

Southern California Idealab Startup Customer 245

Startup Professionals Musings

JUNE 13, 2015

I like his outline of five steps to the proper utilization of integrated media as follows: Analyze your existing media. Every business should look at its cost of customer acquisition (COCA) and return on investment (ROI) twice a year and after each campaign. These give good customer connection and SEO. Marty Zwilling.

Social Media 108

Social Media Media Marketing Resource 108

Berkonomics

AUGUST 13, 2015

While you are busy building your high growth venture, you may have occasionally thought about which large companies might be the ultimate buyer of your company – a buyer that could optimize your idea, customer base, and team. Ideally each target company has a history of consistently making acquisitions with deal terms you would accept.

Template 120

Template Activity Sales Resource 120

socalTECH

JANUARY 3, 2019

The disruption is being led by companies that understand the importance of putting the customer first, a trend I always thought began in the US a long time ago with the entry of Lexus into the US car market. Lexus studied customers in the US and predicted that car buyers had just had it with clunky US cars. I doubt it. Just maybe.

Capital 113

Capital Southern California El Segundo SaaS 113

socalTECH

MARCH 8, 2013

On the customer side, we have companies like Samsung, GE, Kaiser Permanente, Accenture. We now have seven companies, and have our own venture fund as well, and we'll be doing four or five for the next few years. Let's say we saw an idea coming from a major partner, a customer like Samsung or someone like that. It's been great.

Incubator 208

Incubator Startup CTO Hire Ideas 208

Startup Professionals Musings

AUGUST 10, 2014

Both have worked.Google reached $1 billion in revenue within five years of incorporation, and now has a market capitalization of over $400 billion. Twitter showed no focus on revenue in the first five years, but was able to parlay 500 million users into a $22 billion public company, now growing revenue.

Entrepreneur 98

Entrepreneur Organization Invest Customer 98

Startup Professionals Musings

DECEMBER 1, 2013

I like his outline of five steps to the proper utilization of integrated media as follows: Analyze your existing media. Every business should look at its cost of customer acquisition (COCA) and return on investment (ROI) twice a year and after each campaign. These give good customer connection and SEO. Marty Zwilling.

Social Media 103

Social Media Media Marketing Startup 103