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ArticlePrivate Equity vs Venture Capital — What’s The Difference?

Private Equity vs Venture Capital — What’s The Difference?

There are a lot of options when it comes to startup funding. And sometimes those different options can overlap — or at least seem to. That’s the case with private equity and venture capital.

What’s the difference between venture capital and private equity?

The biggest differences, traditionally, between VC and private equity are the stage of the company they invest in and the type of growth they’re looking for. Venture capital tends to go for early stage, higher risk companies with potential for “hockey stick” growth, which is when a company goes from nothing to everything, super fast. Private equity, on the other hand, is interested in companies that have already established themselves, but need more capital in order to thrive.

Another bi...



ArticleCan Entrepreneurship Be Taught?

Can Entrepreneurship Be Taught?

The question of whether entrepreneurship can be "taught" has been volleyed back and forth between academics and Founders forever.

The academics believe that entrepreneurship is a process that can be learned and executed, while the hardcore Founders feel like you either have "the right stuff" and figure shit out or you don't.

This is one of those cases where both are right, but both are asking the wrong question.

What aspects of Entrepreneurship can be taught?

A ton, from how to validate an idea to managing your finances or setting up marketing campaign can absolutely be taught — and if we're being honest, are sorely lacking amongst most startup Founders today.

If you don't think those fundamental skills are helpful to building a startup, t...



ArticleWill Someone Steal My Startup Idea?

Will Someone Steal My Startup Idea?

The myth of the "stolen startup idea" somehow continues to live on, despite an insane lack of proof to the contrary. The thinking goes that if someone else hears our idea, they will simply take it and create a billion dollar business from it.

On paper (and in movies) that can happen. In reality, it's basically a Sasquatch myth.

Just having an "idea" for something accounts for nothing. Great companies aren't built because someone had an idea for something that no one else thought of — we all have novel ideas.

Great companies are built through an insane amount of dedication and execution that (rarely) leads to a big outcome.

By the way, plenty of people had the idea for a social network — and built them — before Facebook was ever "stolen."

...


ArticleThe Ingredients Your Email Marketing Strategy is Missing

The Ingredients Your Email Marketing Strategy is Missing

Ask any startup marketer out there and they’ll tell you: email marketing is the gold standard of early-stage marketing strategies. If marketing is the car that gets your company where it needs to go, email marketing is the Volvo. It’s affordable, it’s reliable, and it’s known for unbeatable performance.

“Email marketing is the best and most affordable way to market anything to any audience, and in a highly personal way.” says Cyberwalker Digital Founder (and email marketing expert) Andy Walker. “The return on investment is better than any other technique to reach customers. And it works for brand building and generating direct sales.”

But let’s not kid ourselves: email marketing strategy is notoriously difficult to get right. If it were eas...



ArticleThe Secret to a Successful Product Launch Strategy

The Secret to a Successful Product Launch Strategy

If starting a company is a race (and it is – it really, really is) then launch day is the starting line.

Everything you do before your product launch is the warm-up. (The very essential, very unskippable warmup). Everything that comes after? It’s the frantic, mad dash to the finish line, whatever and wherever that might be.

Your product launch is the inflection point. It’s the point to which everything before it leads up, and everything that comes after comes out of. And a successful product launch starts with a successful product launch strategy.

We all want our product to start out of the gate strong. But what exactly goes into a successful product launch? Stuart Brent, Co-Founder of MapPlug, has an idea or two on the subject. Not only h...



Article7 Things To Figure Out Before Planning a Social Media Campaign

7 Things To Figure Out Before Planning a Social Media Campaign

Social media is a marketing tool pre-Internet marketers could only dream of. A virtually complete directory of every consumer on the planet? Indexed and targetable by age, gender, location, and a hundred other identifiable details? Maybe in science fiction, a marketer of 40 years ago would have said.

Never forget, startup founders and marketers of the 21st century: we are living in the future.

But, as they say, with great power comes great responsibility. Social media is a tool. And, like, any tool, it is only as good as how it’s used – and what it’s used for. Nowhere is that more clear than in the world of social media advertising.

When it comes to social media advertising, execution is everything. And here’s the thing: ninety percent of t...



ArticleOptimize for the Probability of Outcomes, Not Size

Optimize for the Probability of Outcomes, Not Size

Our Founder careers aren't defined by the size of our positive outcomes, they are defined by whether we've had one at all.

Therefore, if our outcomes are so important to us, shouldn't we first start with optimizing for the most likely outcome that will be meaningful to us? Is our idea more likely to become a $3 million business earning $1 million in profit or a $100 million business that could go IPO?

We need to start our journey, which implies an insane amount of tough decisions, aligning our path with outcomes that will not only be meaningful but those that we have the highest probability to achieve.

Optimizing for a Billion Dollars is Silly

To be fair, the "It has to be a billion dollars" is a mantra directly driven from the VC community...



ArticleTelling Your Customer ‘No’ Can Be the Best Way to Grow Your Business

Telling Your Customer ‘No’ Can Be the Best Way to Grow Your Business

It’s time we admit the obvious: The classic business differentiators have become obsolete. Customers expect the best quality, the lowest possible price, instant delivery, and an experience that wows them every time.

Despite this change, most companies are terrified to implement the “novel” technique of being honest with customers.

Modern buyers focus intensely on customer experience and touchpoint impressions, not on which products perform well. Why? Blame the Japanese Kaizen movement of the 1970’s and 1980’s if you’d like.

Not only did Kaizen spark the total quality management movement, but it also brought defects down to negligible amounts. Customers got high-quality products, and companies suddenly found themselves competing mainly on p...



ArticleVenture Capital: What It Is & Why Use It

Venture Capital: What It Is & Why Use It

What is venture capital?

Venture capital is financing that’s invested in startups and small businesses that are usually high risk, but also have the potential for exponential growth.

The goal of a venture capital investment is a very high return for the venture capital firm, usually in the form of an acquisition of the startup or an IPO.

Why would you want to use venture capital?

Venture capital is a great option for startups that are looking to scale big — and quickly. Because the investments are fairly large, your startup has to be prepared to take that money and grow.

Advantages of working with venture capitalist firms

The biggest advantage of working with venture capital firms is that if your startup goes under — as most do — you’re no...



Article3 Ways to Accurately Measure Digital Marketing ROI

3 Ways to Accurately Measure Digital Marketing ROI

When we think of marketing it can sometimes be hard to look past buzzwords like “engagement” or “virality.” However, these factors don’t get at the true objective. The real factors to be considered are those directly impacting the company’s bottom line in a clear and measurable way.

To put this into perspective, in a study conducted by Econsultancy, only about 22 percent of businesses were satisfied with their conversion rates from online marketing campaigns, indicating that standard factors, such as clicks, likes and shares, do not necessarily translate to earnings. Moreover, another study found that if marketers had a greater ability to track return on investment (ROI), over 75 percent would increase their marketing spend.

Therefore, in ...



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