Berkonomics

JANUARY 2, 2025

How do you manage a great business, as opposed to being a survivor? Well, here are the four areas you should focus upon every day. Now, some of us remember things better when given a catchy phrase or rhyme. So, heres one to help you with squeezing the most out of your own available resources. In this new reality in our business world, there is certainly little room for mistakes and no room for bloat within our companies.

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Tech.Co

JANUARY 1, 2025

Breaking through in the startup scene has continued to be an uphill battle for entrepreneurs in 2024, with the number of business failures in the US spiking by 58% in the first quarter of the year. However, this doesn’t mean that a select few haven’t defied the odds. Looking at the successes of 2024 , it’s clear that AI startups will continue to receive the lion’s share of funding, as the technology continues to disrupt core industries and provide investors with lucrative

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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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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.

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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.

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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.

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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.

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Berkonomics

AUGUST 22, 2024

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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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.

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Startup San Diego

DECEMBER 18, 2024

Were wrapping up 2024 and were excited to announce the newest partnerships for Startup San Diego! Weve renewed our partnership with TiE San Diego and introduced The School of Young […] The post Newest Partnerships for 2024 – TiE San Diego & The School of Young Entrepreneurs (SofYE) appeared first on Startup San Diego.

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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.

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StartUp Beat

DECEMBER 17, 2024

XeneX, Inc., a leader in Security Operations Center as a Service (SOCaaS) for threat hunting, detection, and response, today announced a new Integration Platform as a Service (IPaaS) partnership for the Healthcare industry with Vorro. This partnership offers healthcare providers and their partners access to the enterprise integration, and cybersecurity managed services needed for business […] The post Vorro, XeneX, Inc.

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Berkonomics

NOVEMBER 21, 2024

How do you value pre-revenue companies? Last time we examined ten different ways to value companies already in revenue, usually beyond the early stage. Now we tackle the more difficult and subjective task of placing a value upon those startups that don’t fit into that mold. For those of us who’ve invested in early-stage companies, especially technology startups, we have confronted a universal problem.

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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.

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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.

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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.

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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.

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Berkonomics

DECEMBER 5, 2024

Every investor or lender wants regular information from companies taking their money. And most of us are frustrated by the lack of regular communication – unless the company needs more money. On the other side, entrepreneurs and CEOs usually have a natural fear of giving too much information to investors and bankers after the initial amounts have been received.

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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.

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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)?

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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.

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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.

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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.

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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.

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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

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Berkonomics

DECEMBER 26, 2024

Be careful about investor rights This important variation on money talks is an important consideration for entrepreneurs when seeking an investment from professionals such as VCs. Something like a marriage (and often lasting just as long statistically), your investment partner can be a great cheerleader, coach and resource. But the moment things turn sour, including missed plans, some investors on company boards go into a predictable mode of dictating terms for emergency loans or additional inve

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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.

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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.

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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.

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Startup San Diego

NOVEMBER 19, 2024

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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Startup San Diego

SEPTEMBER 13, 2024

On Monday, September 9th, Startup San Diego hosted its signature quarterly event, 1st Mondays powered by Logicboost Labs at the Sharp Prebys Innovation & Education Center (SPIEC). This edition brought […] The post Recap of StartupSD 1st Mondays powered by Logicboost Labs at Sharp Prebys Innovation & Education Center appeared first on Startup San Diego.

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Berkonomics

DECEMBER 19, 2024

We investors see this all the time. An entrepreneur pitches using a deck with no slide for competition. When asked (as we always do), the response is This is new. We have no competition. Niet! No! Unh unh. Professional investors laugh when they hear an entrepreneur come out with that one. That statement has killed more investment deals than almost any other.

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Berkonomics

DECEMBER 12, 2024

Heres a case study for yourself: Recently I was asked to review an offer letter for a senior director of business development. The CEO was concerned that he was offering far too much in the form of incentive compensation, with bonuses that could greatly exceed the base salary if all the bonus items were achieved. The critical question I asked the CEO to imagine what the company would look like if all those bonus-expensive items were completely achieved in one year.

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Berkonomics

NOVEMBER 7, 2024

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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Berkonomics

NOVEMBER 27, 2024

Some businesses just can’t fit within the angel capital or friends and family model for raising funds. Sooner or later, you may need to seek venture capital and accommodate the needs of the venture community in negotiating the terms of an investment. What VC’s can and cannot do First, VCs in general cannot invest in ‘S’ corporations or limited liability companies (LLC’s).

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Berkonomics

NOVEMBER 14, 2024

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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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.

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