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Need money? Read this!

Berkonomics

Friends, family and fools: [Email readers, continue here…] This term, although pejorative, describes the typical mix of early investors in a small, young growing business. And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

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Have you heard the rule of the thirds?

Berkonomics

Think of startups and early stage businesses whose entrepreneurs you know. We should think of the creation and growth of a high valued company as the sum of three parts, with three distinct classes of participants helping to make real value out of a raw start-up. One: The entrepreneur. Two: Co-management.

Startup 240
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When should you go for equity financing?

Berkonomics

Here is a class of investor we’ve covered before, one usually focused upon you and less upon your business case. There are other classes of equity investors for small or early stage businesses that we have not yet considered. Often grouped into formal organizations, these investors are sophisticated, helpful, and connected.

Equity 156
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Do you really need a board of directors?

Berkonomics

Email readers, continue here…] Each board member is legally tasked with two duties: the duty of care, and the duty of loyalty: care for the living entity that is the corporation itself, and loyalty not to the board member’s constituency, but to the corporation itself. What are the legal responsibilities of board members?

Resource 156
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Once again: Is it the jockey or the horse?

Berkonomics

Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? My answer always varies as I examine each deal, sometimes deferring and passing on an investment because of an uneasy feeling about the entrepreneur, even if the business plan seems able to capture the market. Concentrate on a world class team.

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Once again: Is it the jockey or the horse?

Berkonomics

Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? My answer always varies as I examine each deal, sometimes deferring and passing on an investment because of an uneasy feeling about the entrepreneur, even if the business plan seems able to capture the market. Concentrate on a world class team.

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A Serial Entrepreneur’s Take On Guy Kawasaki’s Enchantment

InfoChachkie

Although many are entertaining, most fail to provide entrepreneurs with a sufficient return on their time investment. Unfortunately, most business books do not offer entrepreneurs an adequate payoff. At the conclusion of Enchantment , Guy includes a 20-question test which enables readers to assess their persuasion capabilities.