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Newest Strategic Partners at Startup San Diego – Q4 2024

Startup San Diego

Startup San Diego is excited to announce the latest strategic community partnerships established this past quarter. We welcome the Don Norman Design Awards, WomenHack, UC San Diego Institute for the […] The post Newest Strategic Partners at Startup San Diego – Q4 2024 appeared first on Startup San Diego.

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Oh, go ahead and ask for $5M for your startup.  

Berkonomics

I cannot tell you how many times I have seen executive summaries of business plans in which the entrepreneur seeks $5,000,000 to build the business. Four reasons you should reconsider. First, few startups can use that much money today with all the virtual services available and increasingly inexpensive methods of development, prototyping and marketing.

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Small Business Grants You Can Apply For in October 2024

Tech.Co

Free money might sound like it’s too good to be true – especially in 2024 when businesses are finding it harder than ever to access traditional financing. Yet, whether you’re looking to start a business or take an existing venture to the next level, there is actually a wealth of opportunities out there to help you reach your potential.

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1,600+ Made Waves of Innovation for the 12th Annual San Diego Startup Week

Startup San Diego

Over 1,600+ attendees joined us throughout October 21st-25th for the 12th Annual San Diego Startup Week. This was a monumental event, “Making Waves of Innovation,” from Carlsbad all the way […] The post 1,600+ Made Waves of Innovation for the 12th Annual San Diego Startup Week appeared first on Startup San Diego.

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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.

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How Can IT Services in Los Angeles Help Reduce Your Business Costs?

AllTopStartups

Let’s be real—running a business in Los Angeles isn’t cheap. Between rent, payroll, and the rising cost of just about everything, it’s no wonder businesses are constantly looking for ways… The post How Can IT Services in Los Angeles Help Reduce Your Business Costs? appeared first on AllTopStartups.

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How to increase your valuation by reducing risk       

Berkonomics

Why reduce investor risk? In the creation of a young company, there are five principal risks to be addressed by the entrepreneur. Professional investors will probe these five risk areas and make the decision to invest based upon comfort with each. So, it is important for the entrepreneur to identify, address and mitigate each of these in order to increase valuation and decrease the risk of ultimate loss of the business.

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Investors, your board, and you: Who is smarter?

Berkonomics

You’re building a company from your vision and a passion, and lots of people are going to tell you that you have this or that wrong, and that it just won’t work. Business plans rarely survive market contact The truth is that very, very few early business plans survive in a form completely recognizable when looking back a few years. But even with massive changes, the vision and passion usually don’t diminish in the process of morphing a business plan into a profitable business.

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How will a buyer value your business?  

Berkonomics

Let’s explore a number of methods to value your business. Many buyers use a combination of methods, throwing out those that do not fit the appropriate form of business. Corporate Valuations Using Various Methods There are at least ten recognized ways to value a business. Some are inappropriate for young businesses or those engaged in certain enterprises, such as software development – where fixed assets are not usually important enough to use for purposes of valuation.

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How much of my business do I have to give to an investor?   

Berkonomics

If you’re looking for growth capital, this one’s for you. We’ll cover what information you’ll expect to provide, your range of expected values and amounts of investment to expect. All to help you set your expectations. OK? Financial History and Projections Let’s start with the basics. If you are a going business with a track record of revenues, then the importance of accurate current financial statements cannot be overstated.

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What is a “Dirty Cap Table?”   

Berkonomics

First, how does it happen? When you seek professional investors, whether organized angels or venture capitalists, one of the early questions you are asked is “How have you financed the business so far?” Investors love to see entrepreneurs who have used their own money to ignite their businesses. But often, entrepreneurs turn to others for initial capital.

Invest 156
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Would you sign a personal guarantee?

Berkonomics

Is the guarantee still required today? More than ever, the banks and lenders today require personal guarantees from entrepreneurs, and even from CEO’s of funded businesses. Starting and running a small or growing business can be a challenge to the most confident and optimistic entrepreneur. And the process of borrowing money or financing asset purchases can be an eye-opener for those who are not used to today’s lender and seller aversion to grant easy credit.

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Be approximately right rather than exactly wrong.

Berkonomics

John Tukey, coiner of the word ‘bit’ to describe a single switch of digital micro-data made this provocative statement. Tukey was a statistician; one you would expect to describe events in terms reeking with precision. Where’s the precision in that? Instead, Tukey of asking for precision as we’d expect, he implored us to think in terms of relevancy, cause and comparisons to known events.

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Oh, come on! Jockey or horse again?  

Berkonomics

This argument is getting trite for those of us who’ve been around for a few years. We’re always asked the question, and almost always have the same answer. Let me explain it to those newer to the game or curious about our attitudes. Early-stage investors have been arguing over this for years. Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)?

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Negotiation! We all can improve.

Berkonomics

Think you don’t use negotiation most every day of your life? From the time we learn to manipulate our parents from the crib to today, we learn to negotiate to obtain our wants and needs. As we grow, we negotiate constantly with our parents, then with our peers. As we enter the business world, we negotiate with our bosses and our subordinates. We negotiate with our suppliers, customers, investors, and even our auditors.

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Gray areas in non-compete agreements?

Berkonomics

Last week we introduced the subject of non-compete agreements. Let’s dive a little deeper and present some “gray area” scenarios to consider. First the obvious case in point What if you are the seller of a previous business or shares amounting to more than an insignificant percentage of a previous business? Certainly, the buyer’s asset purchase documents included a non-compete clause, usually valid for two years from the date of the closing.

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Are you afraid of non-compete agreements?     

Berkonomics

Entrepreneurs tend to remain in the business niche they know best. Usually that means one they once or recently spent time as an employee or manager within a company where they had little or no ownership. Are you one of those? Some of these entrepreneurs starting a new company are alumni from companies that would be a competitor to the enterprise being created or joined.

Design 156
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Do you agree with “Fail fast?”

Berkonomics

Here’s a question that should strike close to home. Professional investors like to quote this mantra to anyone who will listen. “Fail fast,” they say. But what if you believe so strongly in your budding enterprise that this seems to be the most ill-advised directive you’ve ever heard? So here are some rules that might make it clearer for you and for those who so easily quote the mantra.

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Missed Expectations and the 80% M&A Rule.

Berkonomics

Eighty percent of all businesses purchased by another company or by a new investor-operator fail to meet the stated expectations of the buyer after one year. As with the fifty percent rule discussed last week (fifty percent of startups fail within two years), this rule is hard to find an author willing to be quoted as the source. But it is within the range of experience by many of us professional investors, and with those who have acted as brokers, serial purchasers or consultants for acquisiti

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Broadcast a clear goal to rally your troops!

Berkonomics

Too many business leaders fail to point their troops in a single direction where the goal is known and the process to achieve it clear. Some work to achieve good deeds and hope that their efforts will result in financial success over time. Others aim for financial success during the growth of their business and at the liquidity event or sale of the business – someday.

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The 3 Ps that make you a success

Berkonomics

You may have never thought of it like this before, but to make your work or company a success you will need to address the three Ps, performance, planning and profit. Let’s take a minute to demonstrate why. Performance, the first “P” You are part of a team, no matter how small. The success of the team depends upon everyone carrying their own weight.

Metrics 156
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Revolutionary – but too late?     

Berkonomics

Too many startup businesses, especially in the technology world, are built upon brand new concepts that have not yet been proven in the field against products from other companies that already have revenues flowing. As a rule, creating a product that does not fit into an existing space, cannot be defined against one or more competitors, or which needs a long description to understand, will require considerably more marketing capital and entail much more risk than one that follows an existing tre

Class 156
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Can you be liked while being tough?

Berkonomics

People argue over whether an entrepreneur with a sense of fairness, a desire for collegiality, a want to share the profits can succeed in the long run within a business world full of lions and tigers that eat timid entrepreneurs for lunch. Does a “good heart” diminish the chances of success? First, let’s separate the “good heart” from the issue of whether an entrepreneur is driven to succeed.

Metrics 156
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Startup intoxication!

Berkonomics

There is nothing quite as thrilling in business as igniting a startup and watching it blossom. Especially when starting a company with personal savings or money from relatives and friends, early signs of success are intoxicating. Each new customer, each mention in the press or online adds to the feeling of early accomplishment. And it is more satisfying because it is yours, from idea to execution.

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Find your rock in Ensenada!

Berkonomics

Have you found your special place to think strategically without interruption? I found mine on a rock in Ensenada, Mexico years ago… But I am ahead of myself… Every entrepreneur has that moment of truth – the one that marks the decision to take the path to entrepreneurship or the path to job security with a larger employer. And down the road a bit, most of us face another when deciding whether or not to go for growth, requiring new investment and increased risks.

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Small Business Grants You Can Apply For in September 2024

Tech.Co

If you’re currently stressed about your business’s finances, you’re not alone. According to research from Goldman Sachs, 77% of small businesses are currently concerned about their ability to access capital – but it’s not a lost cause. Whatever your business size or specialism, chances are there’s a grant initiative out there that you’re eligible for.

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Small Business Grants You Can Apply For in November 2024

Tech.Co

Cash flow issues are one of the biggest headaches for business owners. For good reason too, with financial strain making it harder for entrepreneurs to meet payments, maintain positive credit stores, and invest further into their business. While there is no magic wand when it comes to funding, business grants are the next best thing. Whether you’re nurturing the seeds of your business, or looking to expand into a new market, grants can help take you to the next level.

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Announcing Our Founders Fight Club Finalists!

Startup San Diego

After much deliberation with our all-star selection committee, we’re excited to announce the top 8 finalists for this year’s Founders Fight Club! These startups come from a range of industries, […] The post Announcing Our Founders Fight Club Finalists! appeared first on Startup San Diego.

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Drumroll…Announcing the Lightweight Intercollegiate Pitch Competitors!

Startup San Diego

The selection committee has finalized the top 10 startups from our intercollegiate community to compete in the Lightweight Intercollegiate Pitch Competition! This tournament will take place at the Parma Payne […] The post Drumroll…Announcing the Lightweight Intercollegiate Pitch Competitors! appeared first on Startup San Diego.

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California Lawmakers Pass Controversial AI Bill

Tech.Co

The California State Assembly has passed landmark regulation to curb the potential threat of AI. California lawmakers on Wednesday passed the bill – the first of its kind in the US – pending a vote in the state Senate. Governor Gavin Newsom will now have a month to decide whether or not to approve it. As per the bill, AI companies based in the Golden State will be required to implement a suite of precautionary measures before training AI models.

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Four Locations Confirmed for San Diego Startup Week 2024

Startup San Diego

San Diego Startup Week 2024 is gearing up to be a landmark event, showcasing the vibrant startup ecosystem across multiple dynamic locations. Taking place from October 21st to the 25th, […] The post Four Locations Confirmed for San Diego Startup Week 2024 appeared first on Startup San Diego.

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Announcing Panelists for 1st Mondays in September 2024

Startup San Diego

Startup San Diego’s 1st Mondays event, powered by LogicBoost Labs, returns on September 9th, 2024, at the Sharp Prebys Innovation & Education Center. This quarterly event is a cornerstone of […] The post Announcing Panelists for 1st Mondays in September 2024 appeared first on Startup San Diego.

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The Growing Popularity of Remote Work and Its Benefits for Tech Startups

AllTopStartups

In the tech industry, remote work has emerged as a transformative trend. Startups, in particular, are increasingly embracing this model, recognizing its potential to revolutionize operations. By eliminating the need… The post The Growing Popularity of Remote Work and Its Benefits for Tech Startups appeared first on AllTopStartups.

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Mosqitter’s International Growth: A Techstars Trail Blazer | Startup Spotlight

Startup San Diego

Erika Gastelum, host of Startup Spotlight talks with Anastasiia Romanova, Founder and CEO of Mosqitter for this edition of the Startup Spotlight! Learn how this Ukrainian-born startup went from 0 […] The post Mosqitter’s International Growth: A Techstars Trail Blazer | Startup Spotlight appeared first on Startup San Diego.

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New Partnerships – LogicBoost Labs, Hopsctch, StartOut, Fresh, & Business of San Diego

Startup San Diego

We’re wrapping up the month, and we want to announce our newest community partners! These mission-aligned organizations incubate startups, create innovative designs, support LGBTQ+ founders and entrepreneurs, and tell impactful […] The post New Partnerships – LogicBoost Labs, Hopsctch, StartOut, Fresh, & Business of San Diego appeared first on Startup San Diego.

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How Does Advanced Warehouse Management Technology Benefit Businesses? Enhancing Efficiency and Profitability

AllTopStartups

Advanced warehouse management technology dramatically enhances business operations by streamlining various processes. These technologies improve efficiency, reduce operational costs, and boost productivity. By integrating tools such as Warehouse Management Systems… The post How Does Advanced Warehouse Management Technology Benefit Businesses? Enhancing Efficiency and Profitability appeared first on AllTopStartups.

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Why Apps Are the Most Underrated Revenue Streams for Businesses

AllTopStartups

“Work smarter, not harder.” That’s what you’re constantly told as a business owner, right? After all, no-one wants to work harder than they have to. Something a lot of people… The post Why Apps Are the Most Underrated Revenue Streams for Businesses appeared first on AllTopStartups.

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