December, 2022

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Praying to the God of Valuation

Both Sides of the Table

Something happened in the past 7 years in the startup and venture capital world that I hadn’t experienced since the late 90’s — we all began praying to the God of Valuation. It wasn’t always like this and frankly it took a lot of joy out of the industry for me personally. What happened?

LAMP 465
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Micromobility in limbo: Takeaways from Paris and LA

TechCrunch LA

Shared electric scooters came onto the scene five years ago with a promising vision of getting people out of cars and onto greener modes of transportation. Yet despite billions in VC money and plenty of hype , the future that micromobility companies promised still hasn’t quite arrived.

San Pedro 261
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Clues: How to think like a growth CEO

Berkonomics

Growth CEOs differ from those who merely station–keep their way into the status quo, protecting the enterprise by reducing risk and cost – without creating a vision and action plan for growth. Here is how to test yourself.

Framework 156
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5 Keys To Satisfaction When Starting A New Business

Startup Professionals Musings

According to a classic Gallup survey , job satisfaction for employees has reached an all-time low. Only 13 percent of workers are fully engaged in their job. The sad part is that it seems to be getting worse, rather than better. One alternative is to become an entrepreneur.

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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.

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Six Tech Startups to Look Out For in 2023

Tech.Co

With over 305 million start-ups being created every year globally, standing out from the crowd is a huge challenge. Only companies with cutting-edge concepts and crystal-clear market strategies stand a chance of surviving through their first year, let alone making a profit.

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Last 1st Mondays of 2022 – Full Recap

Startup San Diego

The post Last 1st Mondays of 2022 – Full Recap appeared first on Startup San Diego. Startup News

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Customer loyalty comes in four special forms.

Berkonomics

Repeat customers, raving fans, angry backlashers, commodity shoppers. Wow, what a range of loyalty these represent. And in your years, you may have experienced all of these. First, negative kinds of loyalty: Here’s another way to look at the ladder to an ideal customer loyalty relationship.

Customer 156
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Rinse and repeat: revitalizing your business

Berkonomics

Here’s a statement that you never thought would apply to your business planning. . Sometimes we get stuck in the muck with our marketing, product, management focus, and in keeping up with trends.

Activity 156
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Meetings insight: Just three actionable items!

Berkonomics

How do you get your team to focus and move forward effectively? . A fellow CEO recently told me of her method of assuring positive movement within her team.

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A Lesson: It’s what you ask, not what you know.

Berkonomics

A true story with a moral for all of us. A friend recently told me a story that had nothing to do with business, but unintentionally had a great lesson for all of us.

Email 156
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7 Keys To Heightening Your Business Team Engagement

Startup Professionals Musings

I was shocked to read an old Gallup study that indicates only 13 percent of employees worldwide are actively engaged at work, and more recent data shows only a small change in the right direction.

Mentor 141
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7 Stages In The Evolution Of A Startup To A Business

Startup Professionals Musings

As a business advisor, I have too often seen technical entrepreneurs get a product or service off the ground with ease, but then struggle mightily when their business reaches a couple of million in annual sales, or the employee count grows beyond a handful.

Training 133
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8 Strategies To Drive Your Startup To Profitability

Startup Professionals Musings

A common pain of startups after an exhilarating first surge of early adopters is a long and frustrating plateau of slow growth, where it seems like nothing you do will get your business to profitability.

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7 Business Culture Principles To Position For Success

Startup Professionals Musings

As an entrepreneur, it’s never too early to set the culture you need for a thriving business, as well as thriving employees, customers, partners, and vendors.

Training 124
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7 Steps To Creating An Effective Personal Brand Today

Startup Professionals Musings

It’s been happening for some time, but business changes, accelerated by the recent pandemic, have highlighted the need for all of us to review our positions, image, and satisfaction at work.

Summary 122
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10 Mindset Elements That Tag You As An Entrepreneur

Startup Professionals Musings

As a startup advisor and investor, I’ve met many aspiring entrepreneurs, and I often get asked the question, “I have a great idea for a startup – do you agree that it real potential?”

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6 Mismatches In The Workplace Lead to People Burnout

Startup Professionals Musings

One of the dysfunctions I often see in my coaching and mentoring work with small businesses is team member burnout. The impact is low employee engagement , low productivity, and ultimately business failure or lack of growth.

Coach 117
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8 Key Business Growth Burdens You May Not Anticipate

Startup Professionals Musings

Every new entrepreneur who has not spent years in corporate life has the advantage of an unbiased look at business opportunities, but at the same time has the disadvantage of missing critical business experiences that can cost them dearly in their first startup venture.

Training 114
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8 Keys To Building And Nurturing Trusted Connections

Startup Professionals Musings

Based on my years of experience in both startups and large companies, trusted relationships are more the key to success than a great business model, how smart you are, or how much money you have.

Oracle 110
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5 Personal Motivation Mindsets Of Born Entrepreneurs

Startup Professionals Musings

As a startup advisor, I see many aspiring entrepreneurs whose primary motivation seems to be to work part time, or get rich quick, or avoid anyone else telling them what to do.

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10 Quotes You Should Never Use Around A Business Plan

Startup Professionals Musings

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately.

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8 Activities To Satisfy Your Boss You Are Accountable

Startup Professionals Musings

One of the attributes that I often recommend to the business professionals and entrepreneurs I mentor is to always be totally accountable for your actions and ideas.

Activity 106
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8 Entrepreneur Mistakes That Turn Off Real Investors

Startup Professionals Musings

After many years of working with angel investors seriously trying to find new ventures worthy of their hard-earned money, I find their frustration often exceeds that of entrepreneurs sincerely looking for financial help.

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6 Growth Challenges That Every Good Startup Will Face

Startup Professionals Musings

Every entrepreneur thinks he can relax a bit after his business model is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve.

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7 Steps To Highly Productive Business Relationships

Startup Professionals Musings

In business, you need positive relationships with others to do your job, further your career, and manage your business. Being a “lone ranger” won’t get you there, no matter how hard you work.

Product 99
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10 Business Model Components Required In Every Plan

Startup Professionals Musings

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit.

Outsource 100
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8 Tactics To Make You A Fearless Business Innovator

Startup Professionals Musings

Every business owner and entrepreneur I meet in my consulting rounds dreams of finding that “ disruptive ” innovation that will supercharge their business and move it into the ranks of business unicorns (billion-dollar valuations), such as SpaceX and Apple.

Metrics 97
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10 Practices To Avoid When Running Your First Startup

Startup Professionals Musings

Unfortunately, many entrepreneurs seem to prefer to fail their way to the top, rather than do some research and learn from the successes and mistakes of others. It seems to be part of the “fail fast, fail often” mantra often heard in Silicon Valley.

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6 Key Motivators Lead To Negative Energy On The Team

Startup Professionals Musings

As an entrepreneur, you should treat gossip among the members of your team as a reduction in productivity at best, and at worst, an indication of unhappy, un-empowered, or non-collaborative employees.

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Virgin Orbit Gets UK Licenses For Launch

socalTECH

Mojave-based Virgin Orbit is getting set for its first launch in the United Kingdom, and has just obtained the required licenses from the UK for that effort. Acording to the UK Civil Aviation Authority, Virgin Orbit has "has taken all reasonable steps to ensure safety risks arising from launch activities are as low as reasonably practicable." Virgin Orbit's space launch system is based suspending a rocket on a modified 747.

Activity 113
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Tinder Users Turn To AI To Woo Prospects

socalTECH

According to a report from Mashable, users of Los Angeles-based dating-and-hookup-app Tinder are using the new, artificial intelligence (AI) software, ChatGPT, to. tinder artificial intelligence chatgpt opengpt dating cyranodebergerac hookup love

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Avidity Biosciences Ups Public Offering Size

socalTECH

San Diego-based biopharmaceuticals company Avidity Biosciences said on Thursday that it has upsized its public offering, and will be offering up 12,000,000 shares of its common stock at a price to the public of $17.25 per share, and is now expecting to raise $207M for the company.

San Diego 113
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TuSimple Names Permanent CFO, Names New Board Members

socalTECH

San Diego-based autonomous driving technology developer TuSimple -- which has been fighting a possible deslisting after firing its CEO -- said it has named a new FO, and named multiple people to its board, as well as reconstituted its audit committee. The company said it has named Michael Mosier as its Government Security Director; Mosier was most recently Acting Director of at the U.S. Department of Treasury's Financial Crimes Enforcement Network.

San Diego 113
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AllGear Digital Raises $40M

socalTECH

Los Angeles-based AllGear Digital--which owns media sites GearJunkie, Switchback Travel, Bikerumor, and others--said on Thursday that it has raised $40M in a funding round. The funding was led by Bardin Hill Investment Partners. The company--run by co-founder and CEO Eric Phung--was previously known as Lola Digital Media. The company said the new funding will go to "organic growth initiatives" and to bring on additional publishers.

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Appia Bio Names Scientific Advisory Board Member

socalTECH

Los Angeles-based biotechnology company Appia Bio said this morning that it has named Robert S. Negrin, M.D., to its Scientific Advisory Board. Dr. Negrin is a professor of medicine and former chief of the Division of Blood and Marrow Transplantation at Stanford University. Appia Bio says it is developing allogeneic chimeric antigen receptor natural killer T (CAR-NKT) cell therapies for cancer patients; its founders include Nobel laureate David Baltimore, Ph.D.,

USC 113
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Docupace Launches New Product

socalTECH

Los Angeles-based Docupace, a developer of cloud-based software for the wealth management industry, said today that it has launched a new product. The company said its RIA Productivity Suite is aimed at advisory firms to help them digitize, streamline, connect, and automate their operations. Pricing on the new product was not announced. The company said its software includes everything from client onboarding, to CRM, doument storage, digital signatures, and more.

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