Berkonomics

AUGUST 8, 2019

This may be news, but boards of directors can offer bad advice. Having served on more than forty boards, I’ve seen such a variety of good and bad advice that my stories could fill a book. (oh, A typical board is composed of five persons in a company that has received outside funds from professional investors.

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Resource News Entrepreneur Email 120

socalTECH

SEPTEMBER 30, 2019

What are some of the biggest issues that brand new, first time entrepreneurs run into in starting their companies? Matt Crowley an attorney who runs the LAVA First Time Entrepreneurs Workshops and also has his own practice in Los Angeles, Crowley Corporate Legal Strategy, gives first time entrepreneurs some advice. READ MORE>>.

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LAVA Los Angeles Entrepreneur Angel 113

Both Sides of the Table

MAY 6, 2018

Let’s say you have built a SaaS company where a large part of the early revenue comes from a few big customers or a large part of the revenue is services based vs. software based. The investor is a customer and they have money to spend but only for a limited number of companies. Let me give you an example. Confidence sells 10.

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Both Sides of the Table

APRIL 21, 2016

I usually tell people that everything I learned about being an entrepreneur I learned by F’ing up at my first company. Continue reading on Medium »

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Both Sides of the Table

DECEMBER 10, 2012

She’s worked for L’Oreal, Accenture, Virgin Mobile & BSkyB (one of the leading media companies in the UK). You know now why I would take her advice for new employees. .” ” She gave me a special one-time permission to write about her in a blog post so I could publish the advice she gave our friend.

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Both Sides of the Table

MAY 19, 2018

the most counter-intuitive fund-raising advice you’ll ever get I’m about to offer you some fund-raising advice that flies directly in the face of what most conventional wisdom will tell you. VCs (and LPs) have a vested interest in having more data, whether they want to invest in your company / firm or not.

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socalTECH

AUGUST 22, 2013

According to Ahlborn, the idea is to harness the power of the crowd to refine anything from someone''s bright idea, to technology licensed from universities, and allow the crowd to benefit as those ideas and technology become real companies. The site combines the crowd-voting aspect with crowd-funding elements, as well. READ MORE>>.

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Both Sides of the Table

AUGUST 14, 2009

Great companies are built by having great products. One great company, AppFolio , filmed all of this user interaction and made the DVD available to me. They are people who built and sold companies and have a bit of money. They have advice to share. It helps that my first company was actually founded in Ireland!

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Both Sides of the Table

FEBRUARY 23, 2015

Of course you could start your own company. As I talked about in “ Is it Time to Learn or Time to Earn ” – overwhelmingly the best economics go to those that start successful companies. Of course I’m not suggesting people shouldn’t start a company. For many people that’s the right answer.

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Berkonomics

FEBRUARY 29, 2024

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. Attorneys are paid to protect the corporation, not to give business advice. Some are experienced enough to provide great business advice.

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socalTECH

JUNE 9, 2011

Santa Monica-based Edmunds.com , the online automotive information site, is ramping up its efforts to update its reach to consumers, saying that it has launched a new, real-time car shopping advice service called "EdmundsLive".

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Both Sides of the Table

MAY 14, 2015

And every great company is raising at north of a billion dollars now so I need to in order to compete.” In November of 2013 Aileen Lee of Cowboy Ventures coined the term “ Unicorn Club ” as it relates to billion-dollar startup companies. You don’t have the revenue or profit to support that valuation.”

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Berkonomics

AUGUST 24, 2023

Professional investors usually bring “smart money” to the table, defined as money that comes along with good advice and great relationships for corporate growth. Each of these companies needed more cash than professional angel investors were willing or able to provide, and we turned to the venture community for larger investments.

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socalTECH

SEPTEMBER 18, 2012

In our Insights and Opinions section today, we share the advice of investor Dave Berkus on the topic of: Do you always follow the advice of your board? This may be news, but boards of directors can offer bad advice. The financial investors typically have deep experience running companies, often in other industries.

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News Entrepreneur Funding Company 133

Tech.Co

MAY 30, 2017

We talked with Kyle Goguen, founder and president of Pawstruck.com , an online retailer and manufacturer of natural dog treats and chews, and asked him what advice he has for small business owners and lessons learned. What advice helped shape who you are as an entrepreneur today? Read more advice from founders here at Tech.Co.

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Tips Email Entrepreneur Startup 87

Berkonomics

SEPTEMBER 13, 2012

This may be news, but boards of directors can offer bad advice. A typical board is composed of five persons in a company that has received outside funds from professional investors. The financial investors typically have deep experience running companies, often in other industries. The board knows best” is not always true.

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Resource News Entrepreneur Email 159

Berkonomics

NOVEMBER 22, 2010

It did not take long for the company to again run out of money, and for the board to split over the next moves (since the first city continued to be profitable). In the end, the company had to turn to a wealthy individual investor who took control of the corporation as his price for saving the company.

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Both Sides of the Table

DECEMBER 7, 2009

This is part of my ongoing series with Startup Advice. Apologies in advance if it sounds arrogant – just trying to impart some realistic advice. The most important advice I can give you is – give me context. We presented to you about a year ago our company that does voice recognition software integrated with IVRs.

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InfoChachkie

JULY 7, 2011

My entrepreneurial students at the University of California, Santa Barbara, often ask my advice regarding their career choices. Although my advice is geared to recent college graduates, it is also applicable to anyone with a boss, irrespective of their age and experience level. Advice For Emerging Entrepreneurs.

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Entrepreneur Startup Santa Barbara Tips 256

Berkonomics

OCTOBER 15, 2015

There are five attributes of a great investor (see my book, “Extending the Runway,”) the money they offer at reasonable terms, their ability to guide you with advice about the context of your business plan in relation to the marketplace, their experience in the process of growing a company, their knowledge of how to best use corporate resource time, (..)

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Both Sides of the Table

SEPTEMBER 28, 2014

But what IS the right amount of burn for a company? Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. Gross Burn vs. Net Burn.

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Berkonomics

AUGUST 9, 2010

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. Attorneys are paid to protect the corporation, not to give business advice. Some are experienced enough to provide great business advice.

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Outsource Development Invest Conference Training 120

Berkonomics

MAY 23, 2024

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. How about companies without intent to sell or IPO in future?

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Both Sides of the Table

MARCH 17, 2010

I was recently interviewed for an article that appeared in Fast Company titled, “ Why you should start a business in LA.&# If you’re interested in the topic it’s worth a read, but I thought I’d elaborate on the topic since it comes up all the time. But we have a great city for building technology companies.

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Company Companies Technology Startup 290

socalTECH

APRIL 29, 2021

Irvine-based property information provider CoreLogic said on Wednesday that its shareholders have approved the go-private, private equity acquisition of the company by Stone Point Capital and Insight Partners. The two private equity companies will pay $80.00 per share in cash for CoreLogic. The deal is worth $6 billion in total.

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socalTECH

NOVEMBER 9, 2012

Who are the top tech companies to work for in Los Angeles? Despite a huge number of companies, we found there are a number which. Despite a huge number of companies, we found there are a number which. Demand Media consistently popped up near number one in the list of "companies to work for" from our readers. Demand Media.

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Technical Review Company Companies Southern California 279

Both Sides of the Table

SEPTEMBER 17, 2013

In my last post I pointed out that many of the media commentators who have criticized the YouTube video network companies as not having strong businesses were mistaken. The next part of the margin mix online video companies must get control of is talent margins. The best companies look at data to know what time to post.

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socalTECH

AUGUST 29, 2013

A new, Los Angeles area startup, JumpStartFund (www.jumpstartfund.com) recently launched, offering up a combination of crowdfunding and crowd-advice for entrepreneurial ideas. At JumpStart, we are taking a new, for-profit approach, to disrupt the way companies are being created. Why start a new company to do this?

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Berkonomics

JANUARY 18, 2018

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. Attorneys are paid to protect the corporation, not to give business advice. Some are experienced enough to provide great business advice.

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Outsource Development Invest Conference Training 243

Berkonomics

JANUARY 3, 2011

Almost all laws dealing with employment are designed to protect the employee, not the company. Notice that every poster that is required to be displayed in a company public area (usually the lunch room) is posted for the benefit of the employee to inform him or her of rights granted by law. So my advice is simple.

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Both Sides of the Table

JUNE 28, 2021

The Denominator Effect I want to share with you some of the most consistent pieces of advice I give to new VCs in their career journey and the same advice holds for angel investors. to start their next company. The world of talented people from the top companies & top schools is literally tens of thousands of people.

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Berkonomics

AUGUST 30, 2010

Several years ago, we were hired by one of the largest companies in the industry (yet another Fortune 500) to perform a top-to-bottom audit of their processes across 27 facilities, and recommend measures to increase efficiency, increase income and of course, decrease costs while also increasing the quality of service.

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Both Sides of the Table

AUGUST 22, 2011

Feature, not a company. Whether something is a feature or a company is clearly subjective. And sometimes features (say, Twitter) turn into companies. At minute eight I spoke about group messaging companies as “features, not companies.&# It’s a market commentary, not a company commentary.

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SoCal CTO

SEPTEMBER 25, 2007

Since, I've given them the same advice, I thought it was worth putting in my blog. Companies - a list of 25 companies that fit the bill. When I got to the list of companies, the dynamic was completely different. I also could then think of a few more people he should talk to and companies he should consider.

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Networking Help Startup Blogging 183

Berkonomics

APRIL 13, 2023

He gave me this advice right after I received my driver’s license years ago. Taking this advice literally: Gun shots, drunk drivers, mayhem, and even curfews qualify as just some of the things that could bite in the early morning. Here’s another one from my Dad, a very wise man.

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Coach News Equity Email 156

Berkonomics

MARCH 28, 2024

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. Even venture capitalists who sit on boards where they have significant investments often forget this point.

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socalTECH

SEPTEMBER 26, 2012

For today's Insights and Opinions section--where we share useful advice, opinions, and more from the community--we have an article from attorney Jonathan Hodes , of Stubbs Alderton & Markiles LLP. Hodes talks about how you might position your company for a sale, and some of the things you need to do as part of that process.

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