Tag: tips

What investor risk profile does your company match?

February 16, 2011
Here’s a brief quote from an interview with an entrepreneur turned angel investor about types of startup risk: Angels will largely take a product risk (they bet on the product or idea and your ability to build it). “A” round...
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Do you track liquidation scenarios in your startup?

February 1, 2011
Fred Wilson has had a series of posts relating to M&A transactions, generally revolving around case studies. This one on ChiliSoft describes how certain features embedded in the capitalization table (liquidation preferences and floating price warrants), coupled with being acquired...
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Principles of War: Mass

November 11, 2010
Our first principle to convert from military to mainstream business usage is Mass. Here’s the original: Mass – Concentrate combat power at the decisive place and time What mass means from the military perspective is that you bring together whatever...
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Why do you need a Ranger Buddy?

May 6, 2010
My pal Rex just posted about teamwork, in the literal sense, over at Grootship. This struck me because the notion of having a ranger buddy was drilled into us in countless ways during Ranger School, not the least of which...
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To seek alpha, analyze managers, not funds

December 5, 2009
This WSJ article on identifying and analyzing mutual funds is interesting because of what’s not there. The article describes a new study by Fama and French, the prolific finance authors who continue to study the efficient market hypothesis and the...
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NOLs can be hard to understand

February 23, 2009
Net operating losses, or NOLs, accumulate when a business has tax losses in a given year rather than profits. They are typically carried back to earlier profits but may be accumulated in as carry-forwards for up to 20 years. Sirius,...
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Do financial services companies provide value?

December 6, 2008
There is an interesting Forbes article by John Bogle in the November 17 issue. To summarize, Bogle determined that in a recent year, the “financial services” industry effectively took $620 billion off the top for a 7% fee on $9.5...
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Legal Spending per share is wrong metric

October 24, 2008
A recent PLI newsletter article referenced an idea of measuring legal department spending in terms of $0.xx/share. The editor notes, correctly in our opinion, that the per-share measure is likely to be unsuitable over the long-term because share numbers change...
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Software Bounty: $250 for blackberry email tweak

October 2, 2008
Wanted: a work-for-hire (so it can be released under a CC license for non-commercial use, exact license TBD) software “widget” that, at a minimum, works on a GSM Blackberry Pearl (AT&T) using Hosted BES from Intermedia. Feature: allows for an...
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Rethinking your workspace

June 24, 2008
In this article, David Allen of GTD fame discusses the office hardware that supports his implementation of GTD. And by hardware, I don’t mean computers, I mean the aluminum, wood, and plastic contraptions and tools that populate our offices, that...
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Principles of War – Military

May 13, 2008
In OCS (for Rick) and at West Point (for Mike), we were both tasked with learning bits of “required knowledge.” These were bits of useful or historical information, such as lifesaving steps or MacArthur’s Duty, Honor, Country quote, or mnemonics...
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