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Understanding “The Funding Angle” I sit at enough board meetings to hear conflicting advice given to entrepreneurs about how to handle PR and announcements at startups. In stead of doing my typical big long post with 10 PR tips (like I did there), I’m going to break them up into individual (I hope more digestible) chunks.
A report today from PandoDaily said that Santa Monica-based BetterWorks has terminated all of its sales and marketing staff, and half of its operations team. The move is an abrupt shift from feast to famine for BetterWorks, the high profile employee fringe benefits startup headed by prolific angel investor Paige Craig.
For our Insights & Opinions section today, Cathy Ashbaugh, President of Pacific Shore Resources, a local recruiting firm, gives some well timed advice on how to handle a layoff: As we enter into the second quarter of 2009 we are beginning to see small signs of hope and improvement in the economy.
This is part of a series on a Board of Directors at a Startup. High Functioning Startup Boards High-functioning boards have a tight-knit relationship between all members based on mutual trust and admiration. They are able to divide responsibilities and work to gain consensus on tough decisions that every startup inevitably faces.
I know that this will sound like a random post topic for startup advice but I promise it’s relevant. When I started blogging I had an idea. I would take all of the one-on-one conversations that I have with entrepreneurs from the things I’ve learned and just write them up for anybody to read. Tomorrow if possible.
The layoffs--first reported by PlugInCars--apprently included a "substantial part" of its sales and marketing staff. The layoffs impact approximately 15 percent of Coda's workforce. The layoffs apparently come as the company has sold less than 100 of its automobiles since launching in March, according to the report.
I have started to publish a version of the newsletter on TechCrunch. There were, of course, those who used the opportunity to make a marketing push or pitch a story. Micromobbin’ As we’ve seen the past few weeks, operators are stepping up to respond and adjust to the COVID-19 pandemic. That’s what you’re reading now.
Paul Kedrosky made the case for “naive optimism&# being an important part of startup success. I know that in late 2010 it’s not as popular to say this because we’re in the era of “super angels&# and feel-good startups. got picked up early without raising a lot of VC. Obviously I agree.
Los Angeles-based Zumbox , a startup which had been looking to store and deliver information which normally would be delivered via mail in a digital form, is shutting down its services, as of next Monday, April 14th. zumbox postal delivery mail shutdown employment jobs layoff' READ MORE>>.
Boulder Electric Vehicles , a startup developing electric powered has shut down its production facility in Chatsworth, as the company looks for a buyer. Boulder Electric Vehicles had been developing medium- and light-duty electric trucks, aimed at the corporate and municial market READ MORE>>.
The program is designed to keep employees on the payroll so ultimately it’s up to you to decide whether you are a worthy recipient and to weigh the benefit to your company and your employees against the potential perception the market may (or may not) have in the future. In this instance they would need to give up the right entirely.
“[W]e are shifting our technology strategy to leverage external partners for parts of our platform that we’re currently maintaining internally,” Weiss wrote in the email announcing the layoffs to staff. The tech team layoffs are notable for a beauty retailer that has often described itself as a technology company.
The good news is that recent big company financial woes and layoffs have generated a flood of candidates with real experience seeking positions at startups. They are not the ones you need in the few key team positions to drive your startup. Practice an “up or out” growth policy to prevent role stagnation.
In what is a huge blow to Silicon Beach, Santa Monica-based BetterWorks , the software-and-technology-meets-employee-perks startup run by Paige Craig, told its users today that it is sunsetting its site on May 31st.
They are not the generalists required for new product startups. Here are a few examples: Marketing specialists. As your business startsup, you need marketing programs, Search Engine Optimization (SEO), Search Engine Marketing (SEM), a modern “pull” strategy based on social networks, and lead generation.
examines and analyses this entrepreneurial revolution to reveal critical lessons every Gen-Y entrepreneur and marketer must learn. But the insights I see from her book and elsewhere are equally applicable to startup founders of all ages, and businesses of all ages. Snap up top talent. Respond rapidly to market shifts.
examines and analyses this entrepreneurial revolution to reveal critical lessons every Gen-Y entrepreneur and marketer must learn. But the insights I see from her book and elsewhere are equally applicable to startup founders of all ages, and businesses of all ages. Snap up top talent. Respond rapidly to market shifts.
A number of tech companies have made the headlines this week for hiring new members of staff, only to rescind such offers before they start. A False Start. Sign up for Tech.co's newsletter today. Perhaps the most concerning thing is that this isn’t just restricted to startups, small or even medium-sized businesses.
Paul Kedrosky made the case for “naive optimism&# being an important part of startup success. I know that in late 2010 it’s not as popular to say this because we’re in the era of “super angels&# and feel good startups. got picked up early without raising a lot of VC. Not everybody agreed.
Our startup interview this morning is with Josh Stomel , founder of ResumeBucket (www.resumebucket.com), a new web site that is focused on helping people share their resumes with the world. Stomel--who is bootstrapping the startup from his recruiting firm, NeoHire--explained the site to us. What's the idea behind the site?
Adam has been in the startup business for a long time and knows his way around on running a business. Adam sat down with us to talk about startups, the LA scene, and his company ScoreBig. TechZulu: Where did you get the idea to start ScoreBig? ScoreBig also recently teamed up with United MileagePlus.
They are not the generalists required for new product startups. Here are a few examples: Marketing specialists. As your business startsup, you need marketing programs, Search Engine Optimization (SEO), Search Engine Marketing (SEM), a modern “pull” strategy based on social networks, and lead generation.
This should be a major milestone goal of all start-ups. Usually leading up to the time positive cash flow is initially reached, the management team is not taking a market wage, payables are stretched, and any slowing of receivables collections would likely cause layoffs.
With ScoreBig being Adam’s fourth startup, he certainly knows his way around a business. Adam sat down with us to talk about startups, the LA scene, and his company, ScoreBig. TechZulu: Where did you get the idea to start ScoreBig? ScoreBig also recently teamed up with United MileagePlus.
The simple answer is that we all have to start thinking like entrepreneurs, rather than entitled employees. Start tracking your costs as well as income elements. Market your business expertise. In today’s gig economy, your professional reputation, references, and your ability to market yourself are the keys to success.
Millions have bowed out of the labor market. Many of these retired from the labor market. Layoffs from bellwethers make headlines and scare us, but these are now mostly behind us. Layoffs from bellwethers make headlines and scare us, but these are now mostly behind us. Since the pandemic, the US has added more jobs.
Although his focus is naturally on bigger companies, I contend that his recommended strategies apply equally well to entrepreneurs and startups: Demand a mindset of deep thinking for the long term. In my experience, even in startups, longer-term strategy often gets pushed off the agenda due to current challenges.
We caught up with Ryan (who calls himself an "anti-VC") to hear more about his investment firm, which has invested in such companies as Heal , Elite Daily , Saucey , and FragMob. Tell us a bit of the story on how you started HashtagOne? We want to have startups we can get productive or generating revenue pretty quickly.
Our interview today is with Greg Martin , co-founder of LiquidStock (www.liquidstock.com), an investment fund which offers up a way for employees of private companies to exercise their stock options before an IPO or acquisition. Tell us what you're up to now? Why did you start LiquidStock rather than a more traditional venture fund?
examines and analyses this entrepreneurial revolution to reveal critical lessons every Gen-Y entrepreneur and marketer must learn. But the insights I see from her book and elsewhere are equally applicable to startup founders of all ages, and businesses of all ages. Snap up top talent. Respond rapidly to market shifts.
examines and analyses this entrepreneurial revolution to reveal critical lessons every Gen-Y entrepreneur and marketer must learn. But the insights I see from her book and elsewhere are equally applicable to startup founders of all ages, and businesses of all ages. Snap up top talent. Respond rapidly to market shifts.
In Lyft's case, most of those employees were part of a startup called Motivate, which was acquired by Lyft about three months ago. The move follows similar cuts over at the scooter department of Lyft, which laid off approximately 50 people in its bicycle and scooter operations, just ahead of an expected IPO filing. READ MORE>>.
examines and analyses this entrepreneurial revolution to reveal critical lessons every Gen-Y entrepreneur and marketer must learn. But the insights I see from her book and elsewhere are equally applicable to startup founders of all ages, and businesses of all ages. Snap up top talent. Respond rapidly to market shifts.
Entrepreneurs who run startups have to be generalists to survive. Here are a few examples: Marketing specialists. As your business startsup, you need marketing programs, Search Engine Optimization (SEO), Search Engine Marketing (SEM), a modern “pull” strategy based on social networks, and lead generation.
This total rate now exceeds 7 billion texts sent per day, according to a new mobile marketing website (more than one per day for every person on earth). Some people stand up and move around to be more dominant, maybe even threatening. But are these text messages an efficient and appropriate business tool? Space occupied.
A small percentage of people in each free-market society generate the jobs for everyone else. It is not rational to put oneself into the uncertain, stress-filled environment of a startup. They want to make a difference and they know that if they do not show up for work, important accomplishments will not be achieved.
So let me start with an apology. By the next day I usually try to clean up some of the typos but usually try to leave the content intact. In defending myself in the comments section I started to settle on a slightly revised POV. It means you have to be good at marketing yourself to find new work. Of course there are.
Last week, we talked about layoffs and the Winklevoss rock gods. Things have already plunged so quickly at the signal of a recession that insiders fear a lengthy bear market could hit crypto far more brutally than expected — tearing tokens to lows far below the highs of the 2017 bull run. Welcome back to Chain Reaction. crash redux.
The sad truth is that cash flow surprises kill many startups, even though they should have been adequately funded to survive. Your startup may be profitable, but broke. You can make profits without making any money, since the first priority of most startups is to reinvest everything back into the business for growth.
In the new business world, many entrepreneurs are so excited with large initial orders that they don’t anticipate the cash flow challenges that can quickly kill their startup. Your startup may be profitable, but broke. Fluctuating sales means more inventory is required to cover the ups and downs.
The week started on a reflective note. And hellos: Third Rock Ventures brought in a well-traveled biotech veteran, Steven Holtzman , to run its hearing-loss startup Decibel Therapeutics. will begin selling StemBioSys products in the country, with products going on the market in the next few weeks, says CEO Bob Hutchins.
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