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Forget Cash: What Will You Really Make At Your Startup?

InfoChachkie

In the powerful poetry performance embedded below, he describes a dinner party during his teaching days in which a smug lawyer asked him, "Come on, be honest, what do you make?" If you haven''t seen his animated response to this crass question, it is well worth watching. Teachers make a G-- damn difference, now what about you?"

Startup 200
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George Powell – Doing Well By Having Fun

InfoChachkie

John Greathouse: You pulled out your old college skateboard in the early 1970’s when your son wanted one. Greathouse: What was the turning point, from making a wheels by hand in your kitchen to creating a business? To go into production, I needed to build hundreds of molds and invest in a cost effective quantity of wheels.

Mentor 100
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How Boards Need to Evolve Over Time

Both Sides of the Table

Over time you start to figure out who you customers are and how to sell to them or how to get them to adopt your products if you’re a consumer-oriented startup. I should note that my friend Brad Feld has written a new book on the subject that I would recommend if you want the bible on the topic. In the Early Days. Mentorship.

Startup 325
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This Philanthropist Is Winning Skirmishes With Poverty By Tapping Into An Inner City’s Entrepreneurial Spirit

InfoChachkie

The criteria by which they evaluate potential portfolio non-profits are taken directly from a for-profit investor''s playbook: Compelling Product: evidence-based programs that target low-income, at-risk populations with robust programs, offering compelling outcomes and an attractive return on our investment. ABC''s Founder And CEO Speaks Out.

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Don’t Let Your Startup O.D. On Cash

InfoChachkie

However, Gates and company realized that there were far more productive uses of Microsoft’s cash than to expend it to ensure the temporal comfort of a handful of traveling Executives. Remind your team that every dollar spent in a non-productive fashion direct impacts each employee. Sound counterintuitive? However, do not count on it.

Startup 100
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Pour And Stir II – Managing Your Cost Per Customer

InfoChachkie

Some channels will be expensive but highly scalable, such as direct response radio, while others will be less expensive, but more difficult to scale, such as search and affiliates. In addition, you must consider your customers’ lifetime value by channel , as there can be a great deal of variance between various clusters of customers.

Customer 164
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Roping in the Legal Eagles

InfoChachkie

Working with startup lawyers also minimizes the risk of losing control of your adVenture, as they can help you avoid common fundraising and investor pitfalls. In addition, such an arrangement will further cement your lawyer’s incentive to help you succeed. Even so, the majority of firms focus on servicing well-established BDC’s.