October, 2022

Simplify your commission structure. Please.

Berkonomics

Is your commission structure so complex that even you must have help understanding it – and calculating a commission on a pending bid? Salespeople are incentivized by the money. Of course. They usually can calculate what’s in it for them before they make the final presentation and ask for the order.

Sales 170

Fabric Gets $4M For Augmented Reality Platform For Live Events

socalTECH

Los Angeles-based Fabric has raised $4M for an effort to bring augmented reality to live events, according to the company. According to Fabric, the funding was led by Sapir Venture Partners, and also includes an earlier $1.9M seed that was led by Sapir. The startup says it is developing an immersive platform which brings "social, gaming, blockchain, and augmented reality experiences in real-time" to enhance live events, activities, and locations.

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Trending Sources

5 Tactics To Minimize Meeting Time And Get More Done

Startup Professionals Musings

If you are like most entrepreneurs I know, there just aren’t enough hours in a day to get all your own work done, as well as run the many one-hour meetings each team member seems to demand for decisions and mentoring.

Coach 125

Almost 25% of Laid-off Tech Workers Start Their Own Businesses

Tech.Co

A new survey of over 4,000 laid-off tech workers has revealed that a remarkably large proportion start their own businesses shortly after being made redundant.

Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

Press Release: 16 San Diego Pitch Competition & Tournament Competitors Announced

Startup San Diego

The post Press Release: 16 San Diego Pitch Competition & Tournament Competitors Announced appeared first on Startup San Diego. Startup News

Press 79

Is your WORK interfering with your JOB?

Berkonomics

So, what’s the difference? First, thanks to longtime reader and friend, Harley Kaufman, for the thought and title for this insight.

More Trending

Hire on ability. Fire on fit.

Berkonomics

This is not necessarily the way we intend to behave as managers, but our headline reflects the reality of most experiences when viewed in retrospect. Don’t we most often hire based on experience? We carefully vet the potential hire for experience required. Ninety days or longer later, if.

Coach 156

8 Types of Aspiring Entrepreneurs Who Will Not Start

Startup Professionals Musings

Every entrepreneur I know is dismayed by the number of friends who approach them with a line such as “I have an even better idea that will change the world, and one of these days I’m going to get around to starting my own business.”

7 Agility Initiatives To Keep Your Business Expanding

Startup Professionals Musings

Most small businesses have now forgotten the recent pandemic, and are back to “business as usual.” They don’t realize that business as usual is gone forever. With social media and smart phone apps, real product information spreads at astounding speeds.

Stellar Pizza Snags $16.5M For Robotic Pizza Trucks

socalTECH

Los Angeles-based Stellar Pizza, which is developing robotic, pizza delivery trucks--currently being tested at UCLA--has raised $16.5M in a funding round, the company said last week. The funding was led by Marcy Venture Partners, the venture capital firm founded by Jay-Z, and also included Savage x Fenty, the clothing brand run by Rihanna. Stellar Pizza was founded by three former SpaceX engineers, and is led by CEO Benson Tsai. stellar pizza robot robotic delivery jayz robotics venture capital

UCLA 176

10 Strategies To Mitigate The Challenge Of Leadership

Startup Professionals Musings

Most new entrepreneurs don’t anticipate the burdens of being the leader, including the sense of loneliness and isolation at the top.

Amazon Backs Share Ventures, Techstars To Open VC Access

socalTECH

Amazon, which has significant operations in the Los Angeles area, is putting some capital to work in at least two, Los Angeles area venture capital investors, as part of a new fund to back underrepresented entrepreneurs. Amazon said this week that it will invest $150M in venture fund that provide underrepresented entrepreneurs access to capital.

Here Is How To Win Today With The Customer In Control

Startup Professionals Musings

Today’s customers are much more in control of their buying decision, as they have more choices and more information than ever before.

How Baby Boomers Fit In The Realm Of Entrepreneurship

Startup Professionals Musings

One of the biggest myths in the business world is that startups are no place for Baby Boomers, that aging generation born between 1945 and 1964.

5 “What-Ifs” To Include In A Startup Financial Model

Startup Professionals Musings

If you think that financial modeling for a new business is arcane magic, limited in value to financial wizards and professional investors, then you have been listening to the wrong advisors.

Sample 120

Kudos Technologies Collects $7M

socalTECH

Los Angeles-based Kudos Technologies, a new startup developing "smart wallet" technology, said on Thursday that it has raised $7M in a seed funding roudn. The round was led by Patron, and also included QED Investors, SciFi VC, SV Angel, Precursor Ventures, Newtype Ventures, Chingona Ventures, plus angel investors. The company's co-founder and CEO is Tikue Anazodo.

Laylo Gets Strategic Investment

socalTECH

Los Angeles-based Laylo, a startup which helps creators "drop" tickets, merchandise, and content to their fans, says it has raised a round of strategic investment. Size of the investment was not announced.

Invest 168

8 Keys For Transforming An Innovation Into A Business

Startup Professionals Musings

As a mentor to many business professionals and owners, and aspiring entrepreneurs, I find a wealth of innovative ideas, but often less insight on what it really takes to transform ideas into an income stream that can excite new customers into long-term business success.

5 Startup Funding Models That Depend On The Consumer

Startup Professionals Musings

Even if you ignore all the hype around crowdfunding, there can be no doubt that it is a real alternative for entrepreneurs to achieve visibility and funding today.

6 Keys To Becoming An Emotionally Intelligent Leader

Startup Professionals Musings

Based on many years of experience in business as an executive and consultant, I have long been convinced that emotional intelligence (EQ or EI) in leadership wins over logical intelligence (IQ) every time.

Coach 114

7 Keys To A Winning Business As A Phone App Developer

Startup Professionals Musings

One of the quickest ways to become an entrepreneur these days is to develop and publish a smartphone app. The price of entry can be less than $10,000, so the competition is huge and growing rapidly. According to Tim Cook at Apple, there are over 34 million registered developers in 2022.

Delta Backs Startup Promising Air Taxi Service In LA By 2024

socalTECH

Delta has put $200M in a startup which is promising to bring air-taxi service to Los Angeles--which will deliver consumers from neighborhood "skyports" to LAX. According to Delta, it is investing up to $200M in Joby, which says it is working on bringing an air taxi service to Los Angeles, Miami, New York, and the San Francisco Bay Area, in order to delivery passengers to airport terminals--without having to hail a car or pay for parking.

6 New Venture Funding Realities To Guide Your Efforts

Startup Professionals Musings

Venture capitalists (VCs) have long been seen as the top of the pyramid for startup funding sources, but in fact angel investors now fund over twice as many companies, according to a classic Crunchbase article.

Guide 109

6 Steps To Showing The Business Value Of What You Do

Startup Professionals Musings

As a mentor to business professionals, I find that many are frustrated that peers and managers don’t recognize the true value of their contributions. These people expect their results have self-evident value, without requiring any effort on their part.

7 Steps To Making An Effective Decision in Business

Startup Professionals Musings

Based on my own experience working with business leaders in large organizations as well as small, success is all about making the right decisions at the right time.

Guide 104

Crooked Media Finds Funding From Soros

socalTECH

Los Angeles-based podcast media company Crooked Media has raised a big round of funding from Soros Fund Management, the investment firm owned by billionaire George Soros. Size of the funding was not announced. Crooked Media was founded by Jon Lovett, Jon Favreau and Tommy Vietor. who retain majority ownership of the company. Soros Fund Management gains a spot on the board of Crooked Media with the investment. crooked media soros podcast funding investment george content venture capital

Media 152

10 Keys To Raising Your New Venture Funding Potential

Startup Professionals Musings

Valuing a business based on assets and financial performance is a well-understood process, but every investor knows the real value goes well beyond these parameters, either higher or lower.

10 Leadership Traits To Inspire Every Startup Founder

Startup Professionals Musings

People who have been followers too long as an employee don’t realize how hard it is to be a leader.

8 Parameters To Bracket New Venture Funding Requests

Startup Professionals Musings

One of the big questions that every entrepreneur struggles with is how much funding they should request from investors in the first round.

6 Reasons To Build A Working Model Of Your Solution

Startup Professionals Musings

These days, everyone wants to be an entrepreneur, pitching their latest and greatest new idea, and looking for someone to give them money. Angel investors, like me, have long figured out that asking to see the prototype is a quick way to separate the ‘wannabes’ from serious players.

Ideas 93

6 Work Activities Are Required For Business Success

Startup Professionals Musings

After many years in business, I’m convinced that none of us has the strengths and interest in all the areas needed for success, including solution changes, finance, marketing, and operations. Trying to do everything is a sure way to maximize stress, lower job satisfaction, and minimize productivity.

5 Ways To Separate Advisor Relationships From Critics

Startup Professionals Musings

Every startup needs a couple of advisors with deep experience and connections in your business domain or financial skills to complement your technical focus. Advisors need to be mentors, looking ahead and directing you on key actions to take or avoid.

7 Indications Of Your Ability To Get Business Results

Startup Professionals Musings

As a startup mentor, I’m always amazed that some entrepreneurs seem to be an immediate hit with investors, while others struggle to get any attention at all. Finally I realized that venture capital and angel investors are actually humans, despite some views to the contrary.

IDrive Looks Towards Resellers

socalTECH

Los Angeles-based cloud storage provider IDrive, a provider of Amazon S3-compatible storage, says it is launching own reseller program, which allows managed service providers (MSPs) and resellers the opportunity to purchase cloud storage space, and resell that at their own price. The company said that the cloud storage is a "fraction of the cost" of competing services.

Businesses Need Your Input, But Can’t Read Your Mind

Startup Professionals Musings

Neither people nor computers can really help you as a personal assistant unless you are willing to share data about what you like, what you feel, and who and what’s important to you. Even the best technology can’t read your mind, which is why a simple Google search often gives frustrating and irrelevant results, and online advertisers bombard you with opportunities of no interest.

7 Forgotten Keys To Productive Customer Relationships

Startup Professionals Musings

Entrepreneurs and business executives seem to be even more focused on their technology than the rest of us, and less inclined to listen to the voice of the customer, even if they remember to ask. Real two-way conversations with real customers, including the all-important body language, are unheard-of these days. Being connected to the Internet many hours a day is not enough.