2022

The best advice startups will never follow

Berkonomics

Dave’s note: This is a reprint of a 2015 insight that seems to have struck a chord with investors and entrepreneurs. None of this advice has changed… Let me tell you a few short hair–raising stories of entrepreneurs who have raised money and regretted it later.

Fintech Launches Crypto Bank Account for Hispanics

L.A. Business Journal

A West Hollywood-based fintech announced the launch of a banking program Dec. 20 aimed at building Hispanic wealth through stakes in the crypto sector

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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

Hello friends, and welcome back to Week in Review ! Last week, we talked about about the “de-stonkifying” of the market. This week, we’re looking at a wounded Facebook/Meta that finds itself backed into a corner.

6 Qualities Of The Best People To Nurture Innovation

Startup Professionals Musings

Entrepreneurs are usually highly creative and innovative, but many innovative people are not entrepreneurs. Since it takes a team of people to build a great company, the challenge is to find that small percentage of innovative people, and then nurture the tendency, rather than stifle it.

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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.

Robocalls Ramping Up Again, Says YouMail

socalTECH

Think you're getting more robocalls than usual? According to Irvine-based YouMail, which provides a robocall blocking and voicemail service, you are. The firm said that its tracking found that U.S. phones received nearly 4.4 billion robocalls in March, up 16.1 percent from February call volumes. YouMail said that robocalls had declined earlier this year due to new rules for call authentication, but have since recovered; the company said call volumes are still below the peak of 5.7

Help 169

Seven Tech Startups To Watch Out For In 2022

Tech.Co

Well, another year has come and gone, and while we're yet to leave the pandemic behind, it has led to a record number of small businesses starting up. With all these businesses forming, it's possible that some future household names are finding their footing as we speak.

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More Trending

Brightline Firms Up Vegas High Speed Rail Line Connection to Metrolink Rail Network

L.A. Business Journal

Brightline West, the affiliate of Miami-based Brightline Holdings that is planning to build a high-speed rail line from Las Vegas to Southern California, is close to solidifying the planned line’s connection to the Metrolink rail system, allowing passengers to travel by rail from Las Vegas to downtown Los Angeles’ Union Station.

Clean Tech Startup Mote Unveils Plans for $100M Carbon Capture Plant

L.A. Business Journal

There’s a new local entrant in the global decarbonization race: Culver City-based cleantech startup Mote Inc

Let’s not confuse big data with knowledge!

Berkonomics

There’s a famous intersection in Tokyo, Shibuya Crossing, where thousands of people cross each day, seemingly in random directions. Here’s the test: try to follow one person in his or her journey. That would be like picking a piece of information form a maze.

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Mailing lists, email marketing, errors, oh my!

Berkonomics

Using old email lists for the first time is like eating really stale doughnuts. The taste is pretty bad, and the side effects could be disastrous. Strict rules about spam accounts. Email companies like Constant Contact, Mail Chimp and many others all have strict rules.

Email 156

Here are tricks to find yourself on social media.

Berkonomics

Finding your needle in the haystack. There is so much information being shot at us daily via social media streams that we should monitor and control that which pertains to our business – and do so with some level of expertise. Start with a simple tool.

How powerful has new media advertising become?

Berkonomics

We think of media advertising as either paid or free – placed by paying a fee or by a PR firm or by you at no placement cost, especially when you provide editorial content beneficial to the publisher. But now there’s new media….

China’s gaming giant NetEase opens first US studio in Austin

TechCrunch LA

NetEase, the second-largest gaming company in China and the sixth-largest in the world, has opened its first US-based studio in Austin as China’s gaming industry slows. The company’s archrival Tencent was a step ahead in expanding to North America. TiMi, Tencent’s cash cow studio known for the mobile blockbuster Honor of Kings, began hiring in Los Angeles back in 2020. Last year, it added a base in Montreal.

10 Attributes Of The Perfect Partner For Your Startup

Startup Professionals Musings

As a long-time business advisor and angel investor, I’m a believer that “two heads are better than one” in building a new business. Very few entrepreneurs have the range of skills and experience to be the solution creator as well as business creator, or operational as well as sales leader.

Rocket Lab Looks To Catch Returning Rocket Using A Helicopter

socalTECH

Land a rocket on a barge? Drop your rocket into the ocean with a parachute? Nope-- Long Beach-based Rocket Lab says it is planning to make an attempt to capture one of its Electron Rockets mid-air using a helicopter, during its next mission. According to Rocket Lab, the effort to catch its rocket by helicopter is part of its program to make its Electron rocket a reusable.

Etsy Is Boosting Seller Transaction Fees By 30%

Tech.Co

Ecommerce company Etsy is hiking its transaction fees for sellers for the first time since 2018. Starting on April 11th, fees will rise from 5% to 6.5% for each sale. The decision comes after a record fourth quarter in which Etsy gained $717.1

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Question: Do you know three types of advertising?

Berkonomics

If we never advertised, we’d never sell anything. Right? Perhaps right, but there are three major types of advertising, some requiring large outlays of cash, some not. The types of advertising. First, you can advertise your brand so that people recognize it when they see it in later materials.

Sometimes your gut is the best you’ve got.

Berkonomics

How I didn’t follow my own advice. Years ago, I led a deal and invested in a company that looked like it had lots of promise to disrupt the women’s clothing industry with special algorithms and an online store. But something had bothered me from the very start – unsalable inventory.

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LA County Warehouse Operators Face New Emissions Rules

L.A. Business Journal

Come June, managers overseeing local warehouses larger than 150,000 square feet will have start keeping track of trucks arriving at their cargo docks in addition to handling their merchandise

Go ahead. Revert to “old school” marketing. If you dare…

Berkonomics

“Broadcast the message and they will come!” “Segment my broadcast and I will have better response.” Both of these time–honored methods of reaching our customers have worked for as long as there was print and radio–TV to get the message out. The obsolete marketing message.

Steve Jobs’ “aha moment!”

Berkonomics

There is a process to innovation that can be summed up with four words: “Whoa. Credit Dr. Mark Goulston with this. He states, that’s exactly how Steve Jobs described his “aha moment.” So, let’s paraphrase the late Mr. Jobs as we describe this process. A bit of history that “made” Apple rich.

Branding yourself: A critical decision

Berkonomics

We’re talking about brand strategy here. Not advertising, and certainly not an easy grasp for amateur marketers. So how developed is your company’s brand? Is your message clear, concise, and consistent?

Customer empowerment? Blame the Internet.

Berkonomics

Customer empowerment is moving so fast nowadays that many of us are running to just catch up. Yet if we don’t or can’t, it is a sure thing that someone else will. Yes, we can blame the Internet for this.

Good, cheap, fast. Pick any two.

Berkonomics

This one is attributed to Rod Adair, the famous oil and gas fire suppressing expert. And boy, does it apply to most of us and our offerings. Quality” products and services….

7 Ways To Keep Your Business Working Like A Startup

Startup Professionals Musings

For all of you whose business has survived for a few years, have you noticed how your thinking has changed ? Instead of sizing up new opportunities and actively courting every new customer, you start worrying about cutting costs, repeatable processes , and overtaking known competitors.

Fama Finds $10M More

socalTECH

Los Angeles-based Fama, which is developing social media background screening services, says it has raised $10M in a Series B funding round. The company said the round was led by Silverton Partners, and also included Bullpen Capital, Crosscut, Navigate VC, Gaingels, and angels. The company said it will use the new funding round to scale its offering.

US Postal Service Launches Next-Day Shipping for Local Businesses

Tech.Co

Do you run a small business that ships products locally? You're in luck. The US Postal Service has just launched a delivery service for you.

The lion and the ant: A managerial lesson

Berkonomics

This story has turned out to be one of the most enduring posts ever for me, well worth repeating. And what a lesson for us all. I confess that our research cannot find its source.

How credible are you to others?

Berkonomics

How do you define credibility in business? A friend of mine recently told me his story of how his very career rests on his credibility with his major supplier–partners.

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Solar Energy Company Heliogen Set for New Year’s Eve Debut on NYSE

L.A. Business Journal

As the clock was running out on 2021, L.A. County was poised to get another publicly traded company: Pasadena-based solar technology firm Heliogen Inc

Finding “stinky clauses” in legal investment documents

Berkonomics

Here’s the problem: Investors sometimes join into investment rounds that have been pre–negotiated by others, receiving the paperwork already created by attorneys from that negotiation.

Invest 156

What if you and your investors don’t agree on an exit?

Berkonomics

First, the implied promise: Taking money from professional investors such as angels or VCs usually requires that you agree to seek an exit for those investors in your plan, often targeting five to seven years as the ideal period for growth before a liquidity event.

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Don’t just raise money. Do it on good news!

Berkonomics

Why is this important advice? Because the first rule for raising money is to do it on good news – right when sales are increasing at an accelerating rate. Or when a major customer signs a significant deal. Or when something happens that makes an investor think this company is about to break out.

News 156

If you’re lucky enough: Celebrate your exit!

Berkonomics

How might you view your successful exit from the company you have spent so much effort to build?

VC investors: Don’t be greedy even if you can.

Berkonomics

First, the marginal exit event: Sometimes the end game or sale of the company is not a happy event for the early investors, including the entrepreneur or the founders.

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Insights For Business Leaders Who Manage By Autocracy

Startup Professionals Musings

Trying to be a business leader by instilling fear in your employees and partners is never a good approach, but it is particularly devastating in a startup.