May, 2014

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Framework Benchmarks Round 9

TechEmpower

'The latest round of our ongoing Framework Benchmarks project is now available! Round 9 updates several test implementations and introduces a new test environment using modern server hardware. Since the first round, we have known that the highest-performance frameworks and platforms have been network-limited by our gigabit Ethernet. For Round 9, Peak Hosting has provided a high-performance environment equipped with 10-gigabit Ethernet at one of their data centers.

Framework 546
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What Would Happen if you Built the Reverse of Amazon? It Might Look Something Like This …

Both Sides of the Table

'Amazon. It’s the company that evokes fear into more startups and venture capitalists looking to fund eCommerce businesses than any other potential competitor. Every pitch I’ve ever seen has led to the, “Would Amazon eventually do this? And could we then compete?” type questions. But what if you could do the reverse of Amazon?

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13 Of The Biggest Mistakes Entrepreneurs Make (That May Not Seem Like Mistakes At All)

YoungUpstarts

'by Tom Panaggio, author of “ The Risk Advantage: Embracing the Entrepreneur’s Unexpected Edge “ The entrepreneurial life is rife with potential pitfalls. You can pour your heart and soul (and life savings) into a venture, do all your due diligence, toil 80- and 90-hour weeks, and just when you’re on the verge of a breakthrough, a dark horse competitor sweeps in and decimates your market share.

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Crowd Funding Has Not Killed Angel Investing Yet

Startup Professionals Musings

'Entrepreneurs who require funding for their startup have long counted on self-accredited high net worth individuals (“angels”) to fill their needs, after friends and family, and before they qualify for institutional investments (“VCs”). New crowd funding platforms on the Internet, like Kickstarter and IndieGoGo , as well as the Jobs Act of 2012 , are expected by many to ramp up regular people’s ability to fund new opportunities and kill the need for angel groups.

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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 Economics of a Small VC Fund

This is going to be BIG.

'Two years ago I started a fund. For the fund to be viable, it had to be at least $5 million, but somewhere in the neighborhood of $8-10 million would have been perfect. Thankfully, that''s what I raised--$8.3 million. So how does it work? How does one make money raising a venture fund of this size? Not easily, let me tell you. The benefit comes in the upside, and it''s very back end weighted.

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How to Write a Business Plan

Up and Running

'You’ve reviewed what a business plan is , and why you need one to start and grow your business. It’s time to dig into the process of actually writing a business plan. In this step-by-step guide, I’ll take you through every stage of writing a business plan that will actually help you achieve your goals. Whether you’re trying to raise money for your business or are developing a plan for strategic growth, a solid business plan is a key component to every successful business.

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The rise of the female founder

Version One Ventures

'We’re all too familiar with the very real gender gap within the tech community. Women are underrepresented as engineers, management, investors, and founders. A commonly cited statistic is that only 7 percent of U.S. venture capital deals go to women founders and CEOs. Business Insider recently crunched the numbers behind 26 of the top venture capital funds in Silicon Valley and learned that the percentage of female-founded startups in their portfolios ranged from a high of 19% to a low of just

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Be Your First Customer: Why Beta Testing Is Right for You

YoungUpstarts

'by Sam Bahreini, co-founder and COO of VoloForce. It seems like almost all technology goes to market with a “beta” tag attached. Google is notorious for this, releasing many of its products in beta form — and sometimes even leaving them in that phase for years. After all, Gmail wasn’t taken out of beta until 2009 — five years after it was originally released.

Customer 231
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Twitter Link Roundup #221 – 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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Founders. Run. Amok. It Starts With a Term Sheet.

This is going to be BIG.

'Last week, for just the second time ever, I passed on an investment opportunity because of the terms of the deal--both the price and the legal structure of the agreement. It was a company whose product I believed in and whose founder I liked, but a firm lobbed in a term sheet at a price 33% higher than what I had offered using a very light agreement meant for a much earlier stage company.

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6 Reasons Your Small Business Will Fail (And How to Avoid Them)

Up and Running

'According to Small Business Administration research , only half of new businesses survive for the first five years and only one-third of new businesses are able to survive for 10 years. The inverse is compelling as we can conclude that if only 50% of new businesses survive for the first five years, then the other 50% fail in the first five years. We can also conclude that about 65% of new businesses don’t make it to the ten-year mark.

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How to Create Customer Feedback Loops at Scale

ConversionXL

'According to a study by Bain & Company , 80% of companies say they’re customer centric, yet only 8% of customers agree. Think about that for a second. How many of your customers do you think would agree that you are customer centric? Do you know for sure? This is important because according to a study by Monetate , 79% of customers will buy from a company again if the experience is good, but 89% of them would switch to a competitor if the experience wasn’t satisfactory.

Customer 122
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The challenge facing Bitcoin start-ups

Version One Ventures

'There is not doubt that Bitcoin / the blockchain is a revolutionary technology. Once implemented, the blockchain might be able to disrupt many verticals that are built around managing the transfer of ownership by replacing a centralized approach with a decentralized (and hence usually more efficient) approach. While the blockchain can be applied to a range of verticals , from passports to wills, vacation rental keys and movie tickets, most of the start-up activity to date has focused on using B

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Outsourcing: The Question Isn’t “Should I?” But “How Do I?”

YoungUpstarts

'The debate over whether or not outsourcing is a good thing is never going to go away. There are always going to be people who insist that, whatever you decide, you’re wrong. What matters isn’t what they think. What matters is what works best for you and for your business. And, if you do decide that you should be outsourcing, that you choose the right professionals for those jobs.

Warrant 211
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Verified Data Will Prevent “Fake It Til You Make It”

Hunter Walker

'Besides having a great animated graphic, yesterday’s New York Times “ Faking Cultural Literacy ” OpEd got me thinking about the role of verified data. The column touches on the increasing proclivity (or even probability) that you develop and espouse an opinion without even experiencing the source data itself. “It’s never been so easy to pretend to know so much without actually knowing anything.

API 106
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Improv and Innovation Do Mix

Gregg Fraley, Author of Jack's Notebook

'Improv and Innovation do mix — and it’s not funny. You don’t have to be funny for Improv training to be useful in innovation. There are two things holding back more business people from pushing the Improv training button: 1.) They believe that Improv is difficult and that you need to have a funny bone, and, 2.) They believe that while Improv might be a good soft skill there is no direct and near term benefit to innovation (or other corporate goals).

Harvest 124
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When it Comes to Venture Capital, Do Like Warren Does

Growthink Blog

'All of a sudden, it is boom time again for venture capital funds, with over $10.3 billion in fresh capital raised by 578 funds in the 1st quarter, up 36% from 2012. And high profile exits on deals like Nest , WhatsApp , and Occulus - where fund investors saw returns in excess of 20x their original investments - have caught the public''s fancy as to the power of startup and emerging company investing.

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Adopting A Data Driven Approach To Increase Website Traffic

ConversionXL

'“Conversion Rate Optimization” principles don’t just apply to landing pages or capturing emails. That narrow brand of thinking severely limits the truly transformative impact CRO principles can have on a business. In a big picture, can’t “Conversion” really be boiled down to getting more of the right people clicking on the things you want them to click ?

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7 Ways Entrepreneurs Can Use Video To Grow Their New Business

Duct Tape Marketing

'7 Ways Entrepreneurs Can Use Video To Grow Their New Business written by Guest Post read more at Small Business Marketing Blog from Duct Tape Marketing. It’s guest post day here at Duct Tape Marketing and today’s guest is from Joe Forte – Enjoy! Congratulations! Your business plans are in place, perhaps you have sought out and won investors, and gotten a foothold in the market with your product.

Video 78
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Advice To Young Entrepreneurs – Think Like An Immigrant!

YoungUpstarts

'By Patrick Bet-David, CEO of the PHP Agency, and author of “ Doing The Impossible: The 25 Laws for Doing The Impossible “ There’s never been a better time to be a young entrepreneur in America. The opportunities are endless and money is easy to earn. In spite of this, many young entrepreneurs and small businesses continue to struggle, with many just getting by.

Iran 267
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Five Mistakes New VCs Make (& How I Tried to Avoid Them)

Hunter Walker

'Now that our seed fund Homebrew has past its first anniversary , people often ask what has surprised me during my year as a VC, or what am I liking/disliking about my new profession. My answers are actually bland, largely because I had a pretty good handle on what the initial 12 months would bring and a great partner in Satya Patel. One question I did spend time on before we started Homebrew and throughout the year is “What mistakes do new VCs usually make and how could I avoid these comm

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Why Your Startup is More Likely to Succeed if You’re Authentic and Passionate

Both Sides of the Table

'In my Twitter bio is says that I’m “ looking to invest in passionate entrepreneurs ,” which almost sounds like I was just looking for a cliché soundbite to describe myself. Yet along with “authenticity” they are two of the key attributes I look for when I meet with companies I may consider funding one day. Passion is also the featured heavily in nearly every presentation I give to entrepreneurs or on college campuses or in talks with MBA students.

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Three Things I Learned on Commencement Day

Steve Blank

'In the last five years I’ve been at Commencement Day at universities around the world – a few times to receive awards and three times as the commencement speaker. But attending both my daughters’ college graduations this year helped me to see how things look from the other side of the podium. ——-. First, college graduations fall in the category of “life cycle” events.

Agile 332
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How Creating a Sense of Urgency Helped Me Increase Sales By 332%

ConversionXL

'In 2012, I launched a kind of ‘Groupon deal for musicians’, where I gave away $1,250 worth of products, including recording time, iTunes distribution, and a guitar string endorsement deal for just $69 for 100 hours only. There were only 5,000 packages available. I had invested a lot into this campaign. Not only had I spent four months putting the campaign together, but I had also put a significant amount of my personal savings into ensuring that this campaign was everywhere during those 100 hou

Sales 132
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Why Live Chat is a Powerful Sales Tool

Duct Tape Marketing

'Why Live Chat is a Powerful Sales Tool written by Guest Post read more at Small Business Marketing Blog from Duct Tape Marketing. It is guest post day here at Duct Tape Marketing and today’s guest is from Sunir Shah – Enjoy! . As you read this article, potential customers are browsing your website, looking to buy something from you. Lost, confused, skittish, they will abandon your site before buying anything.

Sales 72
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Are You Losing Money by Staying Too Niche?

YoungUpstarts

'by Joshua Conran , senior partner at Deksia . Niche businesses almost always originate from an identifiable need in the marketplace. They recognize an underserved segment of the population — whether that’s expectant mothers, pet owners, or cheese lovers — then develop a product or service to meet the specific needs of that customer base. Marc Lore and Vinit Bharara did just that with Diapers.com.

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8 Deadly Wastes That Every Entrepreneur Must Avoid

Startup Professionals Musings

'Every entrepreneur I know is short on resources, including time, money, and skills. The last thing they can afford is to waste any of these, but in my mentoring and coaching activities, I see it happening all too often. Waste in a startup is any activity that absorbs resources, but creates no value or competitive advantage in the eyes of customers.

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To My Wife, On Mother’s Day

Both Sides of the Table

'Mother’s Day. The one day a year where we recognize this all important figure in our lives who shapes our childhood providing unconditional love through our successes and failures with encouragement and support through our struggles. I’ve written about my own mom before and the role she played in shaping my life but of course you never quite appreciate the full contributions of Mom until you’re much older.

Mobile 323
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Trials and Tribulations of the New Uncover

Spencer Fry

'OMG is the best way to describe how I feel right now. I’m so relieved to have finally shipped the massive update to Uncover. It’s something that we began working on in July 2013, only to release it ten months later on April 30th, 2014. Anyone who works in product development will know that ten months is an eternity. This release pressed down on us like the heaviest of weights.

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5 Popular eCommerce Trends That Might Be Costing You Conversions

ConversionXL

'From image carousels to social media logins, trends spread like wildfire in the eCommerce industry. But, have you ever stopped to question the business implications of following these trends? ‘Everyone has that thing on their website,’ you think, “So it must be working!”. But that logic is flawed. Chances are, the sites you’re copying from are as clueless about the effectiveness of such trends as you are.

eCommerce 125
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At times more is less and less is more. 2 minutes to see why

Steve Blank

'If you can’t see the video click here Filed under: Customer Development.

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5 Keys to Developing Personal Power Working on Emotional Intelligence Skills Can Open the Door to Achievement

YoungUpstarts

'By Lynda Chervil, author of “ Fool’s Return “ Personal power is a core leadership competency that everyone needs to develop before they can lead others. It has to do with being able to lead yourself. “Personal power is the ability to achieve what you want,” according to Frederick Mann, a successful entrepreneur and author of “ The Economic Rape of America “ “More than anything else, it is personal power that brings you success and happiness.

Developer 217
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The Correct Answers to 'How Will You Use My Money?'

Startup Professionals Musings

'Entrepreneurs looking for investor funding often fail to realize that all money comes with strings. For example, if you have watched the Shark Tank TV series, you probably noticed that the Sharks always ask the entrepreneurs for their intended “use of funds.” Those who respond with one of the wrong answers, such as “I want to pay myself a salary,” usually go home empty-handed.

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Dear Internet: Let’s Demo The Slow Lane

Feld Thoughts

'Yesterday when we were having Comcast issues in downtown Boulder, I thought about how slow the Internet speed at my office was. For several hours, it was 0 Mbps down and 0 Mbps up (0/0) until I gave up and tethered my iPhone to my computer and used Verizon LTE for the rest of the afternoon. When I got home, Pandora had trouble starting up on my CenturyLink connection, which Speedtest showed was 2/0.5.

Internet 195
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7 Steps To Making A Great Entrepreneur Impression

Gust

'Barack Obama meets Mark Zuckerberg, photo via Wikimedia. Entrepreneurs are all about firsts, and the most important is you making a great first impression – on investors, customers, new team members, and strategic partners. Poor first impressions can be avoided, but I’m amazed at the number of unnecessary mistakes I see at those critical first introductions, presentations, and meetings.

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Landing Page Best Practices: Remove Distractions, Be Bold & Tell a Story

ConversionXL

'Last Friday, Oli from Unbounce & Peep teamed up for the second episode of Page Fights where they tore apart contestants landing pages & give them actionable advice & best practices on how to make their landing pages better. The winner of Page Fights gets 1 free year of Unbounce’s Pro 99 account, a half hour private consultation with Peep & free early membership into the ConversionXL self study course.