October, 2014

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The Audacious Plan to Make Electricity as Easy as WiFi

Both Sides of the Table

'When I first met Meredith Perry she was 24. That was three months ago this week. Today I’m handing her the largest A-round check I’ve ever written as a VC as we lead her $10 million A-Round at uBeam. As I’ve written about recently, at Upfront Ventures we started talking a couple of years ago about wanting to fund stuff with more meaning.

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Investors Measure Entrepreneurs By Cashflow Mileage

Startup Professionals Musings

'Cashflow is a basic survival metric for every startup. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Don’t wait until you are almost out of cash before managing every dollar spent, or looking for the next refueling from investors. Desperate entrepreneurs lose their leverage and die young.

Burn Rate 262
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3 Major Product Fails, And How To Avoid Their Mistakes

YoungUpstarts

'By Malcolm Stewart, CEO of YouEye. Green ketchup, bottled water for pets, airport security “action figures”, yogurt shampoo – there have been some pretty epic product failures over the years. From our vantage point decades later, it is easy to wonder “what were they thinking?”. However the reality is that a significant majority of products don’t succeed.

Product 222
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How to Find the Time to Accomplish Anything

Feld Thoughts

'Guest Post By William Hertling – williamhertling.com (Author). William Hertling is a web strategist, programmer, father, short-order cook and the author of two award-winning and best-selling techothrillers: Avogadro Corp: The Singularity is Closer than It Appears and A.I. Apocalypse. You can follow him at @hertling or on his blog, williamhertling.com.

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Building Healthy Innovation Ecosystems for Your Projects

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

Every startup and innovation project exists within an ecosystem that either helps or hurts that project. As innovation managers, we need to keep a pulse of that ecosystem and make sure we're helping those innovation projects we're managing every step of the way. In this webinar, Nick Noreña will walk through an Innovation Ecosystem Model that he and his team at Kromatic have developed to help investors, heads of product, teachers, and executives understand how they can best support innovation in

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The Good, The Bad, And The Ugly Of Software Patents

Gust

'Image via Flickr by Joshua Gajownik for opensource.com. I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. The good news is that a patent can scare off or at least delay competitors, and as a “rule of thumb” patents can add up to $1M to your startup valuation for investors or M&A exits (merger and acquisition).

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Ask an Entrepreneur: Can I Really Start a Business in 30 Days?

Up and Running

'Are you looking for advice on getting your business up and running quickly? Scroll down for expert tips. If you like them, share this on Twitter with the hashtag #30DayChallenge. Got a question for one of the entrepreneurs mentioned below? Skip ahead and leave it in the comments. Do you have questions about starting a business quickly? Ask an entrepreneur!

Cofounder 145

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The Good, The Bad, And The Ugly Of Software Patents

Startup Professionals Musings

'I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. The good news is that a patent can scare off or at least delay competitors, and as a “rule of thumb” patents can add up to $1M to your startup valuation for investors or M&A exits (merger and acquisition). The bad news is that patent trolls (non-producing companies that make their money from licensing patents) can squeeze the lifeblood out of unsuspecting entr

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6 Effective Website Design Strategies That Directly Impacts Your Business

YoungUpstarts

'by Deepak Chauhan, CEO and founder of VOCSO Web Studio. The current trends in technology dictates many things in today’s life, when it comes to businesses with an online presence website design is everything at first sight, long are the days when any type of a website could attract so much human traffic, While the current technological mind of most people is very technical to please, there are specific ways and methods of making a user friendly website to attract ever increasing traffic

Design 256
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Google Analytics 102: How To Set Up Goals, Segments & Events in Google Analytics

ConversionXL

'Some of you out there may find this Google Analytics feature overview to be mostly review. That’s awesome! That means you’re really taking ownership of your data. However, if you’ve never used any of these features, only experimented with them a little, or aren’t sure you’re using them correctly, you should read on. From the time you set up your account and put your tracking code on your site, Google Analytics, starts to capture and display a lot of data.

Analytics 134
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Public Company Executives Rarely Adapt To A Startup

Gust

'Corporate boardroom image via Wikipedia. Mid-level or even top executives who “grew up” in large companies often look with envy at startups, and dream of how easy it must be running a small organization, where you can see the whole picture and it appears you have total control. In reality, very few executives or professional stars from large corporations survive in the early-stage startup environment.

Startup 165
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30 Money Saving Tips For Your Business

Up and Running

'You’re going to need a bigger bank. Saving money as a small business can be tricky- if you’re a startup especially, money might be tight already. You probably don’t have a big portion of your income that you can tuck away as savings, and you welcome opportunities to make your operations more cost-effective. We’ve compiled a list of money saving tips: ways for you to trim overhead here, and increase efficiency there, until you’re on your way to better financial heal

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A Seriously Great Story and Why We Funded Them

Both Sides of the Table

'We are often asked how companies get funded, why VCs make the decisions we make and what we’re looking for in entrepreneurs. I think this is a Seriously great example of how this process works for at least one VC – Upfront Ventures. But I’m guessing the narrative is similar elsewhere. I first met Andrew Stalbow , the founder & CEO of Seriously in August of 2013.

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Answer These Ten Key Questions To Beat Competitors

Startup Professionals Musings

'Change is hard. I see entrepreneurs every day who are trying to change the world with a new idea, and startups that are trying to survive their hyper-growth phase by changing processes to meet demand. In both cases, it’s easy for them to become frustrated and give up, since most have never been trained in change management, and don’t even know what questions to ask.

Metrics 271
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Do Your Employees Think Like Owners? 10 Tips For Building An Entrepreneurial Culture.

YoungUpstarts

'by Michael Houlihan and Bonnie Harvey, authors of “ The Entrepreneurial Culture: 23 Ways to Engage and Empower Your Peopl e “ We all know today’s companies need to be more nimble, more innovative, and more entrepreneurial, and that this shift begins with employees. Don’t we? Yes, we do. By now, so much ink has been spilled on the need for employee engagement and empowerment that our eyes glaze over when (yet another) expert starts in on it.

Employee 208
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Stock Photography vs. Real Photos: Can’t We Use Both?

ConversionXL

'When it comes to online imagery, it’s not so much about having images, as it is about making sure those images to give the visitor a sense of texture, size, scale, detail, context & brand. According to MDG Advertising , 67% of online shoppers rated high quality images as being “very important” to their purchase decision, which was slightly more than “product specific information”, “long descriptions”, and “reviews & ratings”: Joann P

Stock 129
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Where would I go to invest in startups or emerging companies?

Gust

'The first question you need to ask is “What country are you in?” and the second is “Are you an Accredited Investor by that country’s standards?” If we’re talking about the US and you are NOT at the Accredited level ($1 million in investable assets, or $200,000 annual income), then for the moment you are actually not allowed to invest in privately held startups (emerging public companies, of course, you can buy on the stock market like everyone else.).

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30 Compelling Reasons to Start a Business

Up and Running

'Are you toying with an idea for a business? A lot of people think about starting a business, but for whatever reason the idea never becomes a reality. If you’re an entrepreneur who is on the fence about starting a business, we have the encouragement you need to take the first step. We asked 30 business owners to offer persuasive reasons for entrepreneurs to launch a business.

Cofounder 165
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The Authoritative Guide to Prorata Rights

Both Sides of the Table

'Prorata rights are one of the most important rights of a private market technology investors and yet are seldom fully understood. They often create the biggest tensions between investors who are investing at different stages in the business. These tensions seep out in some angels or seed funds publicly or semi-privately deriding later-stage VCs for their “bad” behavior.

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Entrepreneurs Work On The Business As Well As In It

Startup Professionals Musings

'Over 25 years ago, Michael E. Gerber wrote a best-selling business book called The E-Myth: Why Most Businesses Don’t Work and What to Do About It. The E-Myth (“Entrepreneurial Myth”) is the mistaken belief that most businesses are started by people with tangible business skills, when in fact most are started by “technicians” who know nothing about running a business.

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Seven Practical Ways To Promote A Mentally Healthy Workplace Culture

YoungUpstarts

'by Graeme Cowan, author of “ Back from the Brink: True Stories and Practical Help for Overcoming Depression and Bipolar Disorder “ Employers are far from powerless when it comes to helping employees develop and maintain mental health. Here are seven things to do when creating mental wellness programs and resources: 1. Make sure people can access resources anonymously.

Employee 203
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Book: Innovating Women

Feld Thoughts

'Suddenly, there’s a lot of constructive conversation about women in technology and entrepreneurship. I’m glad, as there is a continuous mess of sexism, misogyny, hatred, anger, specious assertions, and general weirdness. This mess is from men to women, from women to women, from men to men, and from women to men. Basically, there’s gender equality in the awful parts of this.

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Twitter Link Roundup #238 – Small Business, Startups, Innovation, Social Media, Design, Marketing and More

crowdSPRING Blog

'Every day on the crowdSPRING Twitter account and on my own Twitter account , I post links to posts or videos I enjoyed reading or viewing. These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Here are some of the links that I’ve liked and shared this past week!

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The Entrepreneur’s Accounting Cheat Sheet

Up and Running

'According to a study undertaken by the Small Business Administration , 28% of companies go bankrupt due to problems with the financial structure of the company. Many of these problems could be avoided by following good accounting practices. Keeping a record of your financial details IS important to the livelihood of your business. Not only will the correct documents make it easy to file taxes, obtain new loans and pitch investors , but they will also give you insight into the day to day health

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When Should Technical Founders Become CEO?

Both Sides of the Table

'Much has been written about when it is time to hire a “professional CEO” to run a startup company and of course that has long been a norm in Silicon Valley when founders find that their inexperience may be a limiting factor in company growth ( know as the Peter Principle ). Much less has been said about when the technical CEO is the best person to run the company.

Founder 309
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How To Recognize The Greatest Boss You Never Had

Startup Professionals Musings

'Everyone can recognize a great boss a mile away, so why is it so hard to find one? We all remember a few that are “legends in their own mind”, but that doesn’t do it. In fact, the clue here is that the view in your mind is the only one that matters, rather than the other way around. Almost every one of us in business can remember that one special manager or executive in their career who exemplifies the norm, who commanded our respect, and treated us like a friend, even in the toughest of person

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5 Things You’re Measuring Incorrectly With Digital Analytics & What To Do About It

ConversionXL

'Watching the growth of digital analytics over the last several years has been both exciting and disturbing. It’s been exciting because what was a once niche-activity has evolved into a serious, business-focused enterprise activity. Disturbing, because many people & organizations want to compete on analytics, but are not doing the right things or adopting the right thinking about analytics.

Analytics 113
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Not All Startup and Venture Experience is Equal #getoffmylawn

This is going to be BIG.

'I probably do some kind of speaking event at least every other week. This week, I''ve got three things on the docket. Needless to say, I have a fair amount of startup event experience. What I find a bit frustrating is how easily some people get onto panels and are put up in front of an impressionable crowd of new entrepreneurs as "experts". You''ll get a venture capital analyst from a brand name firm who has just recently taken his job talking about what makes a company successful.

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Twitter Link Roundup #240 – Small Business, Startups, Innovation, Social Media, Design, Marketing and More

crowdSPRING Blog

'Every day on the crowdSPRING Twitter account and on my own Twitter account , we post links to posts or videos we enjoyed reading or viewing. These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Here are some of the links that we’ve liked and shared this past week!

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Do This One Thing Before You Write Your Business Plan

Up and Running

'So, you’ve been asked to write a business plan. It’s likely that your mind is filling with images of long documents, bad memories of writing term papers, and worries about doing market research and creating financial forecasts. Take a deep breath. It doesn’t have to be that way. Today, I’m going to walk you through an easier way to get your business plan started, through developing a winning strategy.

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When Does a Private-to-Private Merger Make Sense?

Both Sides of the Table

'I’m pretty on record as saying I don’t think many private-to-private tech mergers make sense. They are often done from a position of weakness. Something in both companies isn’t working, which is why they come together. I often don’t believe in the therm M&A because in my experience mostly A works. But of course there are always exceptions.

Merger 296
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Make Every Member Of Your Startup Act Like An Owner

Startup Professionals Musings

'Every startup lucky enough to get some traction gets to the point where they decide to hire some “regular employees” for sales, marketing, and administrative tasks. Then they are surprised to see productivity and creativity take a big dip. What they should be doing is hiring only “entrepreneurs,” meaning people who think and act as if this is their own business.

Startup 262
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What You Need To Know Before You Start A Referral Marketing Program – Who Sends The Referrals?

ConversionXL

'83% of clients were comfortable providing a referral, yet only 29% of clients actually gave one. That’s was what Advisor Impact found in 2010 when they surveyed more than 1,000 financial service clients to understand how customer satisfaction & loyalty was translating into new client referrals. What’s shocking about the relatively low 29% referral rate is that 93% of the people surveyed said they were somewhat or extremely likely to continue working with their advisor & near

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What investors look for in a startup

The Equity Kicker

'The post below first appeared as a guest post by me on the Web Summit Blog. ———————————– If you ask most VCs what they look for in a startup they will say great team, great product and great market. Then, if you press them for more detail most will say that for them the team is the most important (although I think they say that at least partly because it’s what entrepreneurs want to hear).

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Twitter Link Roundup #239 – Small Business, Startups, Innovation, Social Media, Design, Marketing and More

crowdSPRING Blog

'Every day on the crowdSPRING Twitter account and on my own Twitter account , we post links to posts or videos we enjoyed reading or viewing. These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! Here are some of the links that we’ve liked and shared this past week!

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Ten Tools You Can Start Using Today to Maximize Your Productivity

Up and Running

'Add these to your tool box. Everyone wants to be productive. In fact, most people are looking for ways to become more productive than they already are. Just this morning, we posted about ways to be productive even during your down time and I have to say, having tried the Pomodoro Technique myself, I can vouch for the efficacy of that method. The basic premise is that you can get yourself to focus on even the most strenuous or boring task for 25 minutes at a stretch.

Product 127
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The Five Most Important Decisions of My Life Thus Far

Hunter Walker

'I visit Facebook.com each morning to type “birthday!” onto friend’s profiles as appropriate. Earlier today I also noticed a post from a friend celebrating his 5th wedding anniversary. “One of the best decisions I ever made” was a partial description of the nuptials. Made me think – what are the most important decisions I’ve made in my life thus far?