Berkonomics
OCTOBER 10, 2024
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.
Both Sides of the Table
JUNE 12, 2024
Credit: Apex Today, Apex announced their Series B funding round, led by XYZ Ventures and CRV, with participation from Upfront. And if you spend much time in LA, you’ll quickly realize that we’re in a groundswell of space and defense startups. Is it because of the rich engineering talent coming out of Caltech, UCLA, USC, Harvey Mudd, and all the other universities?
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Tech.Co
OCTOBER 16, 2024
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.
Startup San Diego
OCTOBER 30, 2024
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.
Advertiser: Aggregage
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.
AllTopStartups
SEPTEMBER 9, 2024
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.
Berkonomics
AUGUST 8, 2024
Fifty percent of all businesses formed will fail within the first two years. There are many variations of this number since there are a number of ways to measure failure. But the number is a startling reminder that creating a business is not easy, nor is it any assurance of success. How to define “success” for a startup? After speaking with many entrepreneurs over the years, each defines success in his or her unique way.
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Berkonomics
OCTOBER 31, 2024
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.
Berkonomics
OCTOBER 24, 2024
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.
Berkonomics
OCTOBER 17, 2024
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.
Berkonomics
OCTOBER 3, 2024
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.
Berkonomics
SEPTEMBER 26, 2024
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)?
Berkonomics
SEPTEMBER 19, 2024
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.
Berkonomics
SEPTEMBER 12, 2024
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.
Berkonomics
SEPTEMBER 5, 2024
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.
Berkonomics
AUGUST 29, 2024
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.
Berkonomics
AUGUST 15, 2024
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
Berkonomics
AUGUST 1, 2024
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.
Berkonomics
JULY 25, 2024
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.
Berkonomics
JULY 18, 2024
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
Berkonomics
JULY 11, 2024
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.
Berkonomics
JULY 3, 2024
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.
Berkonomics
JUNE 27, 2024
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.
Berkonomics
JUNE 20, 2024
Ever get bad advice? Sure. We all have in our past. Ever take that advice without question because the person giving it was an investor, a superior in rank, the chairperson of your board? I’ll bet you have at least one story of bad advice taken and being bitten as a result. Reaching back for an important lesson As one illustration among many I can recall, let me tell you the story of the first investment made by a newly organized formal group of angel investors.
Berkonomics
JUNE 13, 2024
Does this resonate with you? The CEO position can be a lonely place, especially when you find yourself in a position of not being able to bring an issue directly to the board and not wanting to explore solutions with associates within the company. Sign of weakness? This sometimes happens when a person is unwilling to admit a weakness in an area that is critical, such as analysis of financial statements, or when unhappy with the actions of your board or with pay offers by the board’s compensation
Tech.Co
AUGUST 6, 2024
As the old adage goes, money doesn’t grow on trees: but it might be easier to access than you think, thanks to the growing number of private grants available to small businesses. Whether you’re unfairly impacted by systematic barriers , or simply lack the capital needed to get your idea off the ground, private grants can provide lifelines to small businesses by enabling them to grow without tying them down with the debts associated with business loans.
Tech.Co
SEPTEMBER 6, 2024
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.
Tech.Co
JULY 9, 2024
As we ease into the summer months, business optimism finally seems to have recovered from its Covid-induced slump, with a new survey from the US Chamber of Commerce revealing that 73% of US business owners expect their revenue to grow in the next year. Despite this, rising inflation rates and systematic barriers to entry are still preventing millions of business owners from finding success.
Tech.Co
JUNE 14, 2024
With 42% of US companies currently owned by females, the business landscape has become a lot more equitable in recent decades. Yet, despite major strides being made by women in business, entrepreneurship is still very much a man’s game, with all-female start-ups receiving only 1.9% of venture capital funding in 2023. But it’s not just angel investors that favor the status quo.
Startup San Diego
OCTOBER 10, 2024
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.
Startup San Diego
OCTOBER 10, 2024
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.
Tech.Co
AUGUST 29, 2024
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.
Startup San Diego
AUGUST 21, 2024
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.
Startup San Diego
AUGUST 26, 2024
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.
AllTopStartups
SEPTEMBER 10, 2024
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.
Startup San Diego
JULY 17, 2024
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.
Startup San Diego
JUNE 30, 2024
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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