December, 2024

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How little information can you give to investors-lenders?  

Berkonomics

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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Newest Partnerships for 2024 – TiE San Diego & The School of Young Entrepreneurs (SofYE)

Startup San Diego

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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Small Business Grants You Can Apply For in December 2024

Tech.Co

From climbing interest rates to nationwide labor shortages, it’s safe to say 2024 hasn’t been an easy year to be a business owner. As a result, maintaining a healthy cash flow has become an even more central pillar for businesses, whether they’re just starting out or looking to expand. If you’re interested in futureproofing your finances – and aren’t a fan of the strict liability criteria and high borrowing costs that come with traditional loans – busine

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Vorro, XeneX, Inc. Announce Healthcare Industry Enterprise Integration and CyberSecurity as a Service Partnership 

StartUp Beat

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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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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A lesson: How NOT to define your competition!     

Berkonomics

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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Would you pay a high achiever more than yourself?   

Berkonomics

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.