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How Boards Need to Evolve Over Time

Both Sides of the Table

When you first start your company and raise initial venture capital your board probably consists of 1-3 founders and 1-2 VCs. And here’s an important point that I think modern entrepreneurs often forget: Investors are “co-owners” of your business. In the Early Days. Reviewing financial & operational performance.

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The 12 Laws Of Entrepreneurial Power

InfoChachkie

This might be wise counsel for Jerry Maguire, but it is the exact opposite approach an entrepreneur should take. If an entrepreneur were to strictly follow Mr. Greene''s rules, they might have a shot at producing a screenplay, but they would almost certainly fail in business. 1) Law 4 - Always Say Less than Necessary.

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Pour And Stir II – Managing Your Cost Per Customer

InfoChachkie

As noted in Pour and Stir Part I , the key to the successful execution of this strategy is managing the following equation: The cost to acquire a customer < lifetime value of a customer. Decreasing Your Customer Acquisition Costs. This is equivalent to being handed a free customer for every ten customers you acquire.

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Are You an Entrepreneur?

InfoChachkie

“You are forty, out of a job, a newlywed, your wife is expecting a baby, you don’t own your own home, you have no specialized qualifications, the only company you ever launched went bankrupt and you have just been sentenced to one year in jail.”. Hint: He was an entrepreneur. The same is true of entrepreneurs.

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George Powell – Doing Well By Having Fun

InfoChachkie

The world’s largest skateboard company, Skate One produces many of industry’s best-selling brands, including Powell•Peralta Skateboards , BONES Wheels and Mini•Logo Skateboards. George spent the first ten years of his career, gaining experience in the aerospace industry, before founding his skateboard company in 1976 at the age of 33.

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VC Seed Funding is Dead, Long Live VC Seed Funding!

Both Sides of the Table

This posting was inspired by an email from Rajat Suri who wrote me an email in response to Chris Dixon’s blog post (link below) from August, which recently re-ran on Business Insider and has generated much Twitter chatter. I told entrepreneurs that it was a bit of a Faustian bargain. There are multiple firms that did this.

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Guerilla Marketing Fail – What I Learned From The Austin Police

InfoChachkie

Acrobatic ninjas, the Austin Police and several livid tradeshow executives – a perfect recipe for a reality television show, but not a great combination for Seth Epstein’s startup, Social Stay. You can watch my interview with Seth below or on YouTube here: [link]. To hear Seth verbally describe this enlightening story, watch the video.

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