Here are a couple of updates from the Global Internet Primer for today. This one is a keeper: The Five Internet Mega Brands: It’s interesting that, really, only Amazon is still innovating and would qualify as a serious “brand.” And of course, this is before Amazon could spell PUBLIC CLOUD. Also interesting that I don’t [...]
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Understanding how VCs work and what’s expected
This article originally appeared in The Austin Business Journal and was co-authored by Morgan Flager and Kip McClanahan. Understanding the business model of venture capital firms is critical for entrepreneurs who want to raise money from them. How VCs make money, pay expenses and repay their investors affects how these firms operate and make investment decisions. [...]
2011 Annual Planning Discussion with examples
When you have an executive team, investors and a board of directors, it’s critically important that everyone be on the same page regarding the company’s current and go-forward operating metrics: how much money will be spent and on what? over what period of time? how many employees will be hired and into what positions? how much revenue will be generated and by what means? how much cash exists and when does cash run out?
life-style businesses versus high-growth businesses
In 1998, after having worked at a number of start-ups, I started my first company (BroadJump; with 3 co-founders). You could fill an ocean with all the things we didn’t know about start-ups, business plans, venture capital, and so on. One thing we did know, because our investors made sure we understood, was the difference [...]
