August, 2015

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What to Make of Amazon’s Work Practices?

Both Sides of the Table

There is much discussion about this weekend’s article in the NY Times regarding Amazon’s work practices. People seem polarized between, “that’s what it takes to succeed” to “I can’t believe what a heartless, intolerant and misogynistic company culture they’ve built.” I’ve heard the gamut from reading opinions online and even hearing the debate in circles of my close friends and family.

Startup 298
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Double down!

Berkonomics

This piece of wisdom came from Jeff Bezos, founder & CEO of Amazon, during a board meeting for one of the companies where he sits as board member. Jeff asked the question “Is there anything big or small, which is working better than you expected? Is there anywhere we could double down?”. Bezos’ point was that we spend a lot of time focusing on what’s not working in Board meetings (especially during difficult times) and not enough time focusing on what is surpassing expectations and how we c

Resource 211
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Squeegy Launches On-Demand Car Washes In LA

socalTECH

Tired of driving around a dusty, dirt encrusted car, but too darn busy to find a car wash? Los Angeles-based Squeegy has recently launched into the market, with an on-demand, car wash service--currently serving the west side. Squeegy--which says it uses an eco-friendly method of washing cars, which saves around 40-100 gallons of water per car wash--lets users from Santa Monica to Westchester and East to Culver City order up an on-demand car wash, starting at $29.00--all requested via the company

Demand 195
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How To Make (Almost) Anything Go Viral

InfoChachkie

A version of this article previously appeared in Forbes. There are two schools of thought regarding how to make anything go viral. In The Tipping Point , Malcolm Gladwell emphasizes the importance of the messenger. In contrast, Jonah Berger’s Contagious: Why Things Catch On proclaims that a properly structured message makes the messenger inconsequential.

Tips 183
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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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Is Time Tracking Unethical?

Eric Greenspan

I just got back from Sage Summit and met Ron Baker and Ed Kless. These two do NOT believe in time tracking and are paving the way for making it considered not only unethical, but even illegal, I think. So I ask, Is Time Tracking Unethical? I had a chat with my pal and co-worker Seth David today about this same topic. He too met with Ron and Ed and they shared the gospel.

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6 Startup Strategies That Turn Off Most Investors

Startup Professionals Musings

Don’t bash the competition. Every investor knows how vulnerable a new startup is to competitors, so investors always ask about your sustainable competitive advantage in the marketplace. How an entrepreneur answers this question speaks volumes about their knowledge of business realities, customers, confidence, and their ability to handle investor funding.

Startup 118

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Look for your strategic buyer first.

Berkonomics

Dave’s note: John Huston is founder and past manager of the 300+ member Ohio TechAngel Funds and a past Chairman of both the Angel Capital Association and the Angel Resource Institute. . By John Huston. While you are busy building your high growth venture, you may have occasionally thought about which large companies might be the ultimate buyer of your company – a buyer that could optimize your idea, customer base, and team.

Template 206
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LA City Council Clears Uber, Lyft For LAX Pickup

socalTECH

The Los Angeles City Council has voted to let ridesharing services like Uber and Lyft go ahead and pick up passengers at Los Angeles International (LAX), despite an earlier delay. The vote, which was 9-6, is the first time that the ridesharing services have gained access to the airport, which had barred all but licensed taxi and airport transportation companies from entering.

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This Hollywood Star Proves Entrepreneurs Should Be Clueless

InfoChachkie

A version of this article previously appeared in Forbes. Sometimes being clueless makes you fearless. This was certainly the case with Hollywood star turned inventor, Hedy Lamarr. In 1937, Ms. Lamarr abandoned a successful European film career to become a Hollywood star. Although successful, she quickly became bored with the vapid nature of stardom, once saying, “Any girl can be glamorous.

Hollywood 166
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Fiesta Santa Barbara is For Amateurs Like Me

Eric Greenspan

Fiesta or Old Spanish Days in Santa Barbara has been an annual festival in Santa Barbara and has been equally present for all of the 28 years I’ve been here. I’ve often avoided it. Traffic, people, drunks, confetti, fattening food, and other debauchery. This week however, I took my three kids and a wonderful woman and magically, it all made sense.

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Why PR?

Tech Coast Venture Network

As long-time PR pros and communications advocates, we’ve grown accustomed to questions like “What is PR?” or “Why do we need PR?”. By definition, public relations (PR) is the practice of managing the spread of information between an individual or an organization and the public; but the strategic communication process that occurs in today’s PR world requires so much more than just information management.

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Fighting Back Against Mobile Phones in the Bedroom

Both Sides of the Table

Technology. It has been a hobby of mine since 1981 when I fell in love with programming, applications and online games. My brain is wired for logic and for problem solving and computers have always helped me fill this compulsion. And since I was 13 years old I have been accustomed to the debate about the limitations of technology or rather the downsides of being overly obsessed with gadgets, devices, software or applications.

Mobile 278
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Flippers vs Keepers–At times earnings don’t matter

Berkonomics

Dave’s note: We are privileged this week to host a post by Arthur Lipper, a well-respected member of the international financial community since 1954. He has served as advisor to and member of numerous financial exchanges, and was the founder and CEO of Arthur Lipper Corporation and co-founder and Chairman of New York & Foreign Securities Corporation.

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BCG Digital Ventures Sets Up Shop In Manhattan Beach

socalTECH

BCG Digital Ventures , a venture investment and incubation company, said today that it has opened up a new headquarters in Manhattan Beach, which it also hopes to share with startups it is incubating. The company says its global Innovatoin and Investment Center in Manhattan Beach is housed in The Manhattan Towers on the PCH. BCG Digital Ventures is led by Jeff Schumacher; the company says it already has 300 employees worldwide, with the majority of those, around 160, already in Manhattan Beach.

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Why You Must Really Know Yourself Before A Startup

Startup Professionals Musings

If you're an aspiring entrepreneur, you need to take a hard look at yourself before leaving that regular paycheck. Don't assume you will be happier and make more money starting the business of your dreams. The good and the bad news is that as an entrepreneur, you won’t have a manager charged with directing your efforts or peers helping you implement, and your new team will be quick to tell you only what you want to hear.

Startup 108
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Watch Fifth Grader Ari Get Fitted For A New 3D-Printed Hand

TechCrunch LA

During the 2015 Special Olympics World Games in Los Angeles last week, a fifth grader named Ari stopped by a booth set up by Google. The booth had information about its “Impact Challenge” for disabilities. What Ari didn’t know is that her life would change before she left the games. Read More.

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Start-ups…The Ultimate Risk-Reward Game.

Tech Coast Venture Network

In my youth I read a Jack London tale about a scruffy teen who hung around the wharf in Oakland. He did whatever work he could find as he was alone, no family or resources. The time line was in the 1930’s. Not a great time in American history. The Great Depression, the Dust Bowl and other circumstances made just living very difficult. Not all this teen’s activities were above the law.

Startup 116
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The Morning After

Both Sides of the Table

Last night I wrote a post about how the fall in the stock market over a 3-day period may affect the venture capital markets. If you’re an entrepreneur or VC who wants somebody else’s view on that you should read it. This morning the US stock markets are rallying. So now what? Let me give you the quick summary of what I said yesterday: Public markets affect venture funding.

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Nothing commands a higher multiple than hope!

Berkonomics

Dave’s note: Guest author, David Steakley returns to explain his theory of exit valuations. It’s a short but excellent read… By David Steakley. You may recall that earlier in this series, I explained the definition of an inciting incident, using the movie industry and its story telling as the model. The inciting incident in a movie is the event at the beginning of the story that causes the hero’s life to be completely transformed and irrevocably changed, and makes the w

Equity 173
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The Honest Company Raises $100M In Series D

socalTECH

Santa Monica-based The Honest Company , which provides baby care, personal care, home care, and other healthy lifestyle products, said this morning that it has raised $100M in a Series D funding round. The funding round came from Glade Brook Capital Partners LLC, along with AllianceBernstein L.P. (AB) pllus existing investors Fidelity Management & Research Company, Wellington Management Company LLP and Institutional Venture Partners.

Company 185
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6 Ways A Prototype Will Enhance Your Startup Idea

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. Talk is cheap, but entrepreneurs who show you a working model of their idea know how to execute.

Ideas 107
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Pro Athletes Are the Best Marketing Tools You Can Get

Tech.Co

I can honestly that, without a doubt, my favorite technologies are ones that get people up, out, and interacting with the real world. It could be an augmented reality platform that takes people to new parts of their city, or a superb set of element-proof, Bluetooth speakers built for the outdoors. There are few market verticals where this mindset is more applicable than the world of sports technology.

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10 Examples of Companies With Fantastic Cultures

Tech Coast Venture Network

Having great company culture is no longer just an option. Today’s workers consider it as much as they consider salary and benefits. In fact, fantastic company culture is almost expected along with other traditional benefits. While the culture that works for one company might not work for another , you can learn a lot from companies who are doing it right, and get started on company culture hacks of your own. 1.

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How to Stay Motivated While Working Remotely From Your Team

Tech Zulu Event

The perks of working remotely are undeniable. Your transportation costs are nearly diminished, you have more control over your work-life balance and you can set your own culture. A uStamp study reported 65% of companies allow employees to work remotely and 69 percent of remote employees say they feel liberated being able to work away from the office.

Study 76
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Counting Angels

Steve Reich

How many Angels do you want in your cap table? Mark Suster wrote a great piece in July giving his answer: “If all else fails, angel-load away! If you can’t raise from a few strong angels, from seed funds or from a VC then raising from a ton (let’s say 20+) angels is a perfectly acceptable strategy. There. I said it. It’s not terrible, it’s just not ideal if you can avoid it. ” Well said, Mark.

Angel 43
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HowLoud: Making Your Next Apartment A Less Noisy One

socalTECH

If you've ever rented an apartment, you will be very familiar with the experience of moving into a new place, thinking it will be great--but then, it ends up being unbearable because you didn't notice the bar around the corner that always lets out at 2am. What if there was a way to figure out how noisy that place would be--before you even think about renting it?

Study 180
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6 Of The Best Reasons For Declining Investor Funding

Startup Professionals Musings

As an angel investor to startups, I’m still surprised to find entrepreneurs who expect investors to give them money, and assume no strings attached. Would you do that if it was your money? If the entrepreneur wants total control of their own venture, with no one looking over their shoulder, they should work within the limits of their own resources, a process called bootstrapping.

Funding 106
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The Future of Immersive Tech: Demos & Drinks [ LOS ANGELES ]

Tech.Co

Want to learn more about the future of augmented and virtual reality? Well now’s your chance! There will be a demo showcasing the hottest augmented/virtual reality companies all over LA. Demo Company: . VR Playhouse. VR Playhouse is an independent creative studio and production company specializing in VR native experiences. They have made VR content for Red Bull, Discovery Channel, Brain Farm, and have three original immersive series in various stages of production, including a dramatic na

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Why PR?

Tech Coast Venture Network

As long-time PR pros and communications advocates, we’ve grown accustomed to questions like “What is PR?” or “Why do we need PR?”. By definition, public relations (PR) is the practice of managing the spread of information between an individual or an organization and the public; but the strategic communication process that occurs in today’s PR world requires so much more than just information management.

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TechZulu Tech W(rap) | Weekly Tech Roundup Ep. 5

Tech Zulu Event

Look alive! Its episode 5 of the TechZulu Tech W(rap). From Social Media stocks, Facebook drones to Obama pushing to have the fastest computer in the world. Produced by PodShare’s Elvina Beck and Kera Package for July 27- Aug 2nd, 2015. Referenced Stories / More Info : Social Media Stocks :: [link]. Yelp: [link]. Facebook Drone :: [link]. Drone Shooting :: [link].

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What I’ve Learned About Venture Funding

Both Sides of the Table

VC funding. Our perspectives on the topic wax and wane with market cycles. We love capital efficiency until we love land grabs until we abhor over funding until we get huge payouts and ring the bell for more funding until we attract every non-VC on the planet to invest in startups until it crashes and we start the cycle all over again none the wiser.

Funding 329
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Group: Soylent Contains High Level Of Lead, Cadmium

socalTECH

A non-profit, environmental group, As You Sow , says that Los Angeles-based food replacement startup Soylent contains high levels of lead and cadmium--and said it plans to file legal action against the company. As You Sow said it has tested samples of Soylent, saying that an independent laboratory found that one serving of Soylent 1.5 can expose a consumer to a concentration of lead that is 12 to 25 times above California's Safe Harbor level for reproductive health, and a concentration of cadmiu

Sample 180
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6 Reasons To Reconsider Your Planned Corporate Escape

Startup Professionals Musings

The grass is always greener on the other side. It seems that everyone I know who works in a corporate environment dreams of escaping to become an entrepreneur, and every entrepreneur wishes he or she had the security of a regular paycheck. As someone who has experience on both sides of this fence, I’m convinced that the move from employee to entrepreneur is far more risky.

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Engadget Live [ LOS ANGELES ]

Tech.Co

Unlike all the tradeshows and press-only events that don’t let consumers attend, Engadget Live is designed specifically to bring gadget lovers and tech brands together. As always, we’ll have a bunch of great companies with us at the event ready to show you their newest products and hear what you think. There’ll be tons of great swag and chances to win some awesome gear.

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Start-ups…The Ultimate Risk-Reward Game.

Tech Coast Venture Network

In my youth I read a Jack London tale about a scruffy teen who hung around the wharf in Oakland. He did whatever work he could find as he was alone, no family or resources. The time line was in the 1930’s. Not a great time in American history. The Great Depression, the Dust Bowl and other circumstances made just living very difficult. Not all this teen’s activities were above the law.

Startup 100
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REACH NeXT Announces Keynote Speaker Brandon Kleinman Founder of Laurel & Wolf

Tech Zulu Event

When it comes to story telling there is none other than Brandon Kleinman, Founder and Former CMO of Laurel & Wolf ! Brandon loves a good story and knows design dictates how people interact with a given space. His obsession for story-telling and creating better spaces helped power Laurel & Wolf as founder and CMO. Brandon got his professional start in the epicenter of story, Disney.