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About personal use of corporate assets

Berkonomics

Here’s the IRS take on the issue: It is no secret that the IRS carefully looks below the surface for personal use of company assets (including cash) in its corporate income tax audits. Or of the reaction of your accounting person when asked to book obvious personal uses of the corporate credit card as company expense.

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How about personal guarantees for company debt?

Berkonomics

More than ever, the banks and lenders today require personal guarantees from entrepreneurs, and even from CEO’s of angel or some VC funded businesses. Starting and running a small or growing business can be a challenge to the most confident and optimistic entrepreneur. A novel reward for the entrepreneur from the board.

Company 156
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What Entrepreneurs Should do about Price Fixing

Both Sides of the Table

We all know about AngelGate by now. I thought I’d try to look at it from a different lens, that of the entrepreneur. Here’s what you need to know… As a funny coincidence I happend to have written about the topic of collusion 3 weeks prior to the fateful dinner. As an entrepreneur you should assume that.

Pricing 292
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How to Talk About Valuation When a VC Asks

Both Sides of the Table

One of the hardest things about the fund-raising process for entrepreneurs is that you’re trying to raise money from people who have “asymmetric information.” VC firms see thousands of deals and have a refined sense of how the market is valuing deals because they get price signals across all of these deals.

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Should Startups Care About Profitability?

Both Sides of the Table

They actually lost about $175 million in cash in that quarter, FWIW. I know this seems obvious but I promise you that even smart people forget this when talking about profitability. I often ask entrepreneurs to consider, “What’s your objective? Are you looking to potentially sell the company in the next year or two?

Startup 227
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Nothing negative about Positive Food’s meal expansion plan after $7M investment

TechCrunch LA

We gained sort of a cult following because we had healthy meals at an accessible price point.”. Deerman had watched other meal delivery companies, like Munchery and Sprig , close years earlier and had gotten creative with the company’s business model as a result. On days when we did the ‘Positive Popups,’ people loved it.

Invest 175
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Why Early-Stage VCs Should Be Careful About Intros from Bankers

Both Sides of the Table

What price? Because entrepreneurs often went to lawyers at their earliest stages to get their company registration done. Entrepreneurial lawyers like Don Lee , Dave Young or Ted Wang are good at sussing out which entrepreneurs are high potential. I tapped my friends at big tech companies (Salesforce, Google, Oracle).

Startup 361