An experienced coach has seen your movie before.

Berkonomics

Business coaches come in all sizes and shapes. Photo courtesy IBM Business Coaching. But by far the best coaches are those that have lived through the process you’re going through and built successful enterprises in your same industry.

Coach 263

Some great coaches are younger than you are.

Berkonomics

Email readers, continue here.] The company was destined to grow into a large, very valuable enterprise that we sold for many, many times our investment. But most of all, I had to gain acceptance as “one of us” in an environment where my CEO coaching and my money did not count.

Coach 223

An experienced coach has seen your movie before.

Berkonomics

Business coaches come in all sizes and shapes. You’ll have a relative willing to devote time, a school friend with business experience, professionals who charge for the service, investors with a reason to promote your success and more. But by far the best coaches are those that have lived through the process you’re going through and built successful enterprises in your same industry. Email readers continue here.] How do you pay a coach?

Coach 159

Where is the best source of early stage investment?

Berkonomics

If you have been following our recent insights, you’ll be up to speed knowing that professional investors negotiate tough terms, from provisions of control over asset acquisition, eventual sale of the company, future investments, forced co-sale when others attempt to sell their shares and more.

Invest 263

Some Reflections on VC Investment Decisions

Both Sides of the Table

I started in 2007 with a thesis that my primary investment decision would be about the team (70%) and only afterward about the market opportunity (30%). Today we’re in a world where 10 accelerators are bombarding you with emails to meet their 10-15 companies. But they are also a tax on your time with portfolio companies, looking for new investments, running your shop and honestly they are a tax on your family life.

Invest 324

Selling your business? Find the emotional buyer

Berkonomics

Most investment bankers will coach you into helping them find you a strategic buyer, knowing that such sales are quicker, often less focused upon the small warts of a business, and yield higher prices than financial sales.

How can you let a talented employee go to pursue a new career?

Berkonomics

Sometimes you can be the coach, helping them even if it means losing them. It doesn’t take much to publicly wish a departing employee well, to throw a small celebration, to coach the outgoing person if asked, and to listen and receive fair criticism at the moment of the exit interview.

Coach 248

Do you think you are flexible and coachable?

Berkonomics

Early stage investor groups often list these traits at or near the top of their list when filtering opportunities for investment. And many potential coaches out there have made mistakes in these processes at the expense of their employers or even their personal savings.

Coach 263

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. months from introduction to investment.

eBook 274

Turn the tables: What’s an angel look like?

Berkonomics

Several times in our angel group, one of the largest in the United States, we have queried our group as to their motives in being active, risking their money, taking their time to research, perform due diligence and then coach entrepreneurs of young companies. Email readers, continue here.]

Angel 217

The most satisfying life journey is never about the money.

Berkonomics

If you are in such a good place in your life, find a local angel investing group by Googling “angel investing”. Email readers, continue here.]

Coach 239

Pipeline Fellowship | Raising Women to Become Investors

Tech Zulu Event

Men have dominated the world of investment. There were only 22% women who invested in 2012. Natalia Oberti Noguera is on a mission to help change the demographic of investment with her Pipeline Fellowship. There are not enough women in the world who are investing.

The last money has the first say.

Berkonomics

This important variation on “money talks” is an important consideration for entrepreneurs when seeking an investment from professionals such as VC’s. Something like a marriage (and often lasting just as long statistically), your investment partner can be a great cheerleader, coach and resource. But the moment things turn sour, including missed plans, some investors on company boards go into a predictable mode of dictating terms for emergency loans or additional investment.

Coach 156

Maverick Angels Merging Members Into Tech Coast Angels, Say Members

socalTECH

Local angel investment group Maverick Angels is merging its membership base into the much larger Tech Coast Angels , according to members of the groups. In recent years, the Maverick Angels had mostly been focused on running coaching programs and seminars for entrepreneurs.

Equity financing: great for rapid growth startups

Berkonomics

First, angel investment groups come in all sizes from a few organized angels to large groups of three hundred or more. Angel groups invest from $250,000 to $1,000,000 or more in qualified investments.

Equity 253

Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

Or if you’re a VC raising from LPs you have to list all of your deals, your investment value, your carrying value, your multiples, your IRRs, TVPIs, DPIs, etc along with net cashflows plus your previous LPAs. There is nothing you can provide in a data room that you couldn’t send via email.

Micro–train; macro–manage

Berkonomics

Invest in training, and save on managing. Instead of spending a lot of time managing them, invest a little quality time in coaching them. Dave’s note: The week, we again welcome Kim Shepherd as our guest author, with her blunt, on-the-target style.

The Importance of Teams and Why the Best Leaders Cultivate Them

Both Sides of the Table

It is not uncommon for founders to fight amongst themselves or teams to develop silos that simple can’t stomach talking with other groups so they avoid human contact and revert to flaming wars on email or Slack. Increasingly I find myself engaging executive coaches at companies an trying to help executive teams get 360 degree feedback. The best leaders I know encourage coaches to come in and are willing to listen to feedback about themselves.

Coach 232

CapLinked Raise $1.6m Series A Round & Appoint Adam Sroka As VP Technology

Tech Zulu Event

For years now, companies have been forced to choose between cumbersome, expensive Virtual Data Rooms and decentralized, unsecure email to manage their complex transactions. At BigVisible, he coached teams at Capital Group as part of a large 1,400 person company-wide agile transformation.

Agile Transformations: People, Process and Platform.

SoCal Tech Calendar

Thursday, March 31, 2011 -- Agile in Action is a free, half day learning series to help practicing teams maximize their agile investments and new teams understand where to start. Featuring noted coach David Hussman, four presentations will give you the practical information to effectively transition your people, processes and platforms. AIA201103SD , call 678.394.3380 or email mh.lines@versionone.com.

8 Tips To Get the Most Out of Your Investors and Board

Both Sides of the Table

Understanding where your VC partner sits in their respective fund and where their fund is in the cycle of its investment lifecycle will help you understand your VCs behavior. Email updates frequently. Each of your angels or seed investors may have 20-30 investments.

Tips 418

Help your associates advance their careers.

Berkonomics

It doesn’t take much to publicly wish a departing employee well, to throw a small celebration, to coach the outgoing person if asked, and to listen and receive fair criticism at the moment of the exit interview. Email readers continue here.] Five years later, I received an email from Tom. In one of the most understated several word paragraphs in history, I responded by email, “Gee, Tom. 31 million return from $100 thousand investment, or 310 to1.

Help 150

Some Thoughts on Leadership Going into 2016

Both Sides of the Table

We want to invest in early-stage technology enabled startup businesses – upfront in the funding cycle. In fact, 90% of our investments are either Seed or A-round investments (10% are B-round). We’re a national venture capital investment firm but with our roots firmly in Los Angeles. In fact, 50% of our investments are in Southern California, from Santa Barbara to San Diego. We try to recruit investment partners who bring startup operating experience.

Coach 239

As Populist as it May Feel, 98% of VCs Aren’t Dumb

Both Sides of the Table

Most top tier VCs return about 3x invested capital and outlier funds (the best of a vintage) might return 6-8x. But the larger funds usually have lower returns because they are often investing bigger dollars at later stages with less risk and therefore lower returns. And Coach Campbell.

Recruit Cal Ripken, Not Reggie Jackson, To Your Startup

InfoChachkie

In contrast, Lex Sisney, author of Organizational Physics: The Science of Growing a Business , CEO Coach and Co-founder of Commission Junction has had success compartmentalizing such difficult high-performers. Some People Are Indispensable, But No One Is Irreplaceable.

RSS 197

Announcing a Deal I’ve Wanted to Talk About for a Year

Both Sides of the Table

I’m super excited to announce that GRP Partners led the investment in Ethan Anderson’s new company MyTime (link has LA-based merchants but will give you a good feel for the product). I acted as the occasional mentor, advisor and coach to Ethan. Let me not bury the lede.

SEM 415

Getting Back Your Series A Mojo

Both Sides of the Table

But even if a VC is nasty a rant email back isn’t the right way to channel your frustration. I don’t know if I should keep investing in them. I wish more startups would get personal coaches so they could let out their angst to neutral people – not staff, not investors.

Press 420

Commission Junction Co-Founder Lex Sisney Applies A Scientific Approach To Analyzing Your Business

InfoChachkie

As part of UC Santa Barbara’s Distinguished Lecture Series, serial entrepreneur, CEO Coach and Author Lex Sisney shared a preview of his newly released book, Organizational Physics: The Science of Growing a Business. This article originally appeared on Forbes HERE.

Raise cash from trusted, close resources first.

Berkonomics

This insight follows closely the conclusions from the previous declaration, that professional investors negotiate tough terms, from provisions of control over asset acquisition, eventual sale of the company, future investments, forced co-sale when others attempt to sell their shares and more. And yet, in an earlier insight, we spoke of the problems that come when taking unstructured investments from friends and family.

Every Dollar Spent At A Startup Should Yield A Return

InfoChachkie

For instance, whenever someone at your venture saves your company money, send a company-wide email acknowledging their accomplishment. For many years after Microsoft became highly successful, its executives (yes, including Mr. Gates) flew coach.

How to Develop Your Fund Raising Strategy

Both Sides of the Table

Partners make investment decisions. ” In VC terms that means the key questions you need to answer are, is this investor: Geographically focused and have they invested in my geography before? Already invested in one of my key competitors? Do they have money to invest?

Want to Know How First Round Capital was Started?

Both Sides of the Table

They have totally changed the way you run a VC firm, investing heavily in systems & events for their founders that are pushing the boundaries of the way our industry works. In the early 80’s he left academia to work on venture capital investing with Jim Simons, Renaissance Technologies.

There are three kinds of business buyers.

Berkonomics

Most investment bankers will coach you into helping them find you a strategic buyer, knowing that such sales are quicker, often less focused upon the small warts of a business, and yield higher prices than financial sales. Email readers, continue here.] There is a third class of buyer I discovered first hand when selling my company – the emotional buyer.

Coach 186

Board members must protect the coporation before themselves.

Berkonomics

Even venture capitalists who sit on boards where they have significant investments often forget this point. They write into 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. Email readers continue here.] All other board functions are secondary.

Class 159

Launchpad LA Receives VC Funding: $50,000 Per Startup

Both Sides of the Table

If our community supports more potential entrepreneurs to try, if it funds more people with dreams, if it surrounds talented people with mentors, if it coaches them through their first deals and their team formati. Or if you need to reach us our email is launchpadla@gmail.com.