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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.

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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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Does your business need money? Read this!

Berkonomics

Email readers, continue here…] Bootstrapping: This term describes your ability to start a business with little investment and grow it using internally-generated funds. And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

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Interview with Sam Teller, LaunchpadLA

socalTECH

We caught up with Sam Teller , who is directing efforts at the accelerator, to help fill entrepreneurs in on where the program fits in the world of technology and startup acceleration. For readers, LaunchpadLA is all about? It was really just something built for the community to help support entrepreneurs.

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Why bother with 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. The average board for a company taking outside investment money is five.

Resource 222
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Can a revolutionary concept be too late to market?

Berkonomics

A pilot flying with the wind behind is helped by the speed of the wind and uses less fuel and less time to make it to the destination. A valuable lesson from aviation for entrepreneurs. I have often told the story of a company I financed and helped to found, back in the days of analog cell phones. That’s a valuable lesson.

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