socalTECH
DECEMBER 7, 2021
Venture-backed startup Better.com, which offers up an online mortgage service--and which has offices in Irvine--is getting widespread heat for its approach to layoffs--a three minute Zoom call, and the CEO's messages saying those laid-off employees were "stealing" from the company having allegedly working only two hours daily.
socalTECH
MAY 17, 2012
The move is an abrupt shift from feast to famine for BetterWorks, the high profile employee fringe benefits startup headed by prolific angel investor Paige Craig. Now it appears that the firm is looking to pivot its model, and looking to figure out a better customer acquisition model. READ MORE>>.
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socalTECH
JUNE 17, 2013
The amount of capital invested in Fisker makes the company the highest profile flameout ever in Southern California''s startup history, far surpassing the mere $375M in venture capital raised of of prior record holder Amp''d Mobile from back in 2007. Anaheim-based Fisker Automotive , the troubled electric car maker, has now burnt through $1.4
Berkonomics
SEPTEMBER 24, 2015
This should be a major milestone goal of all start-ups. Usually leading up to the time positive cash flow is initially reached, the management team is not taking a market wage, payables are stretched, and any slowing of receivables collections would likely cause layoffs.
Startup Professionals Musings
AUGUST 7, 2020
Although his focus is naturally on bigger companies, I contend that his recommended strategies apply equally well to entrepreneurs and startups: Demand a mindset of deep thinking for the long term. In my experience, even in startups, longer-term strategy often gets pushed off the agenda due to current challenges.
Both Sides of the Table
NOVEMBER 29, 2009
This is part of my series on How to Raise VC but could equally be filed under Startup Advice more generally. He started the call by telling me he had exciting news. He had 2 weeks’ cash left in the bank and was facing massive layoffs or potentially bankruptcy. Many entrepreneurs have a PR page in the PowerPoint deck.
socalTECH
APRIL 13, 2020
Our interview today is with Greg Martin , co-founder of LiquidStock (www.liquidstock.com), an investment fund which offers up a way for employees of private companies to exercise their stock options before an IPO or acquisition. Tell us what you're up to now? They are all big, institional investors.
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