Category: Venture Capital

  • ReCork America announced a partnership with Whole Foods Market to recycle wine corks.  Image via Wikipedia The six month trial will involve twenty-five Northern California  Whole Foods Market stores.  Customer will have to bring their corks to the stores for recycling. Recycled cork, unlike plastic or screw top enclosures, can be turned into flooring tile, building insulation,…

  • Loyalty is not a word that is used a lot in the business world anymore.  Customers used to be loyal to products and channels, but the Internet changed all that.  Employees used to be loyal to their employers, but layoff after layoff, often with little regard for the human implications, changed all that.  Companies used…

  • I often get asked where an entrepreneur can compete for seed money, or just practice for venture capital pitches.  The granddaddy of these competitions is the annual MIT 100K Entrepreneurship Competition.  The founders of one of my portfolio companies, Sean Willems and John Ruark, won the 2000 MIT competition and went on to found Optiant,…

  • Looking for the perfect C-level executive for your startup?  Got some venture money in your pocket and have the urge to hire your new, full time leadership team.  WHOA! I have seen too many mistakes by early stage entrepreneurs bringing in full time C-level leadership who turn out not to be the right match for the…

  • Early customers often have strong emotional connections to start ups.  After all, they bought the unproven software from a tiny company with shaky finances, sometimes putting their own careers on the line to convince senior executives that already purchased SAP or Oracle suites could not solve the same problem.  They took a lot of risks…

  • Many of us remember the line from Shakespeare's King Henry IVth: First, let's kill all the lawyers!  That has now been replaced by let's kill all the bankers, mortage brokers, investment bankers, etc.  Certainly, the current financial malaise will make things more difficult for entrepreneurs and their start ups. But there hopefully is a bit of…

  • It's rare that the venture capital community, or it's legal advisers, give anything away free.  But Y Combinator, a Cambridge, MA based incubator and Wilson Sonsini Goodrich & Rosati have made available a full set of Series AA (angel round) documents on Y Combinator's website. I have looked over the documents and agree that they…

  • Wilmer Hale, J. Robert Scott and Ernst & Young LLP, in association with Harvard Business School. conduct a yearly survey of private company executive compensation by title (CEO, CFO, SVP Marketing, VP Sales, etc.). The Compensation and Entrepreneurship Report in Technologyoffers a comprehensive analysis of private company executive's compensation in the Technology industry, a sector…

  • Most of the business plans I read involve hiring local professionals to develop, market and sell the proposed product.  Just so my readers do not cast me as non-supportive of American jobs and workers, I fully support hiring the best available talent to launch your company.  But it's my money that you are using and…

  • Many economists are arguing that we should let the financial institutions that made poor investment decisions in exotic financial instruments fail and get on with life via a pure, free market clearing solution.  The implication is that all will be better faster if we let the markets clear out the garbage quickly and assumes that the…