There is one thing that I tell every client and employee I work with. Bad information can kill you. Think I’m exaggerating? Ask the guys who blindly followed Apple Maps in Australia and landed in death traps – stranded in the middle of nowhere for up to 24 hours. And when bad information comes from Keep Reading ..
How’s your new business coming along? Good? Why do you say that? Probably because as rational human beings, we intuitively use ratios to measure things. Businesses tend to operate the same way. You look at your numbers and see that your company is adding 2x new clients every month. Would you think your company is Keep Reading ..
Last night, I was sifting through my inbox, when I noticed a pattern. Mail 5: CEO of a $1m seed funded company informing me that they’re shutting down shop since neither the Series A nor the bridge loan came through. Mail 67: Another seed-funded company planning to wrap up operations at the end of the Keep Reading ..
A lot of CEOs I work with on a daily basis struggle with designing their employee health benefit plans. For most companies, after salaries, this is the company’s biggest expense. Not surprising, given that over the last 50 years, the cost of consumer goods and services have gone up eight-fold with one exception — healthcare. Keep Reading ..
6 Steps to the Perfect Pitch Many entrepreneurs’ crash and burn when delivering their investor pitch—and ramble on and on. There’s nothing more frustrating than being told, “I only need 10 minutes of your time,” and then 20 minutes later you’re still on slide #5. Investors will want you to be able to back-up your Keep Reading ..
Venture capitalist Emily Melton still remembers the day Jacob Sattelmair, founder of Wellframe, showed up with his pitch to persuade her firm, Draper Fisher Jurvetson, to invest in his start-up. “He looked like he had been in a bar fight,” Melton said. “His eye had been sealed shut.” “Don’t worry. It’s not contagious,” Sattelmair told Keep Reading ..
With the role of the CFO expanding to include more organizational strategy, it naturally follows that the finance department as a whole will be expected to make a similar shift from “number historian” to a strategic driver of growth. David Elrod, finance director at Microsoft, spoke with me to explain what makes a trusted leader Keep Reading ..
Chief Executive Officer? Chief Visionary? Chief Cheerleader? Chief Salesman? Chief Funding Officer? Chief Communications Officer? Chief Team TISI -1.07% Builder? Chief Lightbulb Changer? Chief Coffee Maker? Yup, all of these titles apply to the role of a startup CEO. It is perhaps one of the hardest jobs to do in the business world, given the Keep Reading ..
Form D is a document that the SEC requires a company to file when it issues securities in a private placement under Regulation D. It must be filed with the SEC within 15 days of the first sale of a security in a private placement. In addition, for offerings made under Rule 506 (the most Keep Reading ..
If you’re running an early-stage startup, chances are there are some knowledge gaps in your core team. You may be strong on the technical side or a product whiz, but what about financial strategy, administration, HR? Are you prepared to manage the day-to-day of your startup, from recruiting new talent to bookkeeping to financial planning? Keep Reading ..