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National Technical Systems Gets $14M In PIPE

socalTECH

Calabasas-based National Technical Systems , which provides testing and engineering services, said today that it has raised $14M in a private placement. The firm said it raised the debt and equity with Mill Road Capital. The firm said it was advised by B. Riley & Co. in the financing. READ MORE>>.

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If You Don’t Define Your Personal Brand the Market Will

Both Sides of the Table

I have long advised startup companies that if you don’t control your messaging somebody else will and your potential customers will form impressions of you shaped by somebody else or by nobody at all. For 1991 I was very technical and also had a lot of practical business implementation experience in technology. ” F**k.

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Three Words Entrepreneurs (and VC’s) Should Take to Heart

Both Sides of the Table

But as I rose in my career (and post MBA) I moved into a role in which I was to advise board-level executives on topics where I was expected to rapidly become an expert. Some areas were easy because they were technical and the answer was knowable or estimate-able. It is unknowable. Any true disruption will change all the rules.

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Most Common Early Start-up Mistakes

Both Sides of the Table

If not, at least find someone really technical that you trust to help act as an adviser to you. If you can’t find somebody any technical resources at all through networking please consider keeping your day job. Founder vesting. Yesterday I wrote a blog posting on founder vesting (see here ).

Startup 365
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Is it Time for You to Earn or to Learn?

Both Sides of the Table

Let’s assume that the company raised it at a normal VC valuation, which means it gave up 33% of the company and thus $5 million / 33% = $15 million post-money valuation. I advised against the SF role because it was a bigger company and his role would be pushing paper from one side of his desk to the other.

Startup 418
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Interview with Erik Rannala, MuckerLab

socalTECH

If you're familiar with YCombinator or TechStars, you know that companies also get access to a deep network of top tier mentors and advisors, who help them with a variety of things, such as product marketing, go-to-market, and funding. We're providing seed funding, office space, and put them through a three month, structured program.

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What Makes an Entrepreneur? Four Letters: JFDI

Both Sides of the Table

I spent nearly a decade building software for large companies and then advising companies on the same. Most of them are completely mundane such as choosing which: bank, office space, 1-year lease vs. 2-year lease, logo, URL, pricing structure or which VC. I didn’t have to make many serious decisions. I said that was my point.