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Need money? Read this!

Berkonomics

Friends, family and fools: [Email readers, continue here…] This term, although pejorative, describes the typical mix of early investors in a small, young growing business. And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

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Entrepreneurs: Employment law is not on your side!

Berkonomics

Small companies most often scrape by with borrowed or invested funds, doing everything possible to grow and prosper with limited resources. To most entrepreneurs, this often leads to an event whose resolution by a governmental agency or even a court seems unfair and illogical.

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When to pivot from your original plan?

Berkonomics

Investors most often celebrate teams that quickly find flaws in the original plan and reallocate resources in another direction before more wasted resources. My favorite example of a world class pivot comes from the CEO and board of one of my most successful investments. My story of a great pivot.

Resource 156
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Have you heard the rule of the thirds?

Berkonomics

Think of startups and early stage businesses whose entrepreneurs you know. We should think of the creation and growth of a high valued company as the sum of three parts, with three distinct classes of participants helping to make real value out of a raw start-up. One: The entrepreneur. Two: Co-management.

Startup 240
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Do you really need a board of directors?

Berkonomics

Email readers, continue here…] Each board member is legally tasked with two duties: the duty of care, and the duty of loyalty: care for the living entity that is the corporation itself, and loyalty not to the board member’s constituency, but to the corporation itself. What are the legal responsibilities of board members?

Resource 156
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Does your business need money? Read this!

Berkonomics

Email readers, continue here…] Bootstrapping: This term describes your ability to start a business with little investment and grow it using internally-generated funds. And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

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Why an Atlanta-based Black influencer collective swapped their collab house for a studio

TechCrunch LA

A few minutes away from downtown Atlanta, Collab Studio ATL describes itself as “a tech-based one-stop shop for content creators, HBCU students and young entrepreneurs to achieve their business goals.” “I feel like the studio has the potential to be a great place for creators like me to thrive.

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