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What is Your Start-Up Culture?

Recently I was talking with the CEO of a newly formed start-up who told me he had called a meeting of his small team to ask: What kind of culture should we create? Nice question, I thought, but the answer was already set. The company culture was the CEO’s vision, the people he hired, the way he led the weekly meetings. The culture was monthly movie nights, endless free snacks, a...

Are Incubator Programs Worthwhile for Your Start-Up?

If you’re a first-time entrepreneur, you have probably been on the hunt for the start-up holy grail: a blue-print for guaranteed start-up success. Unfortunately, as you’ve probably already discovered, there is no such thing. Fortunately there are incubation programs. Joining an incubation program gives you the opportunity to learn from others’ experience so you can avoid pi...

The New Accounting Rules for Social Media and Gaming

In the big business of gaming, one small accounting change can lead to a huge shift in revenue reported—as recently happened when Zynga was preparing for its initial public offering. In the case of Zynga, this one accounting estimate change magically transformed their loss into a small profit, adding more than $27 million to their revenue for the first half of 2011. Such accounting changes...

What Does a Pitch Deck Look Like: Pitching Made Perfect

Tom Hicks, a “leveraged-buyout businessman” and former owner of the Texas Rangers, knows a thing or two about both business and baseball. He wisely said: “As any pitcher in the MBA will tell you, practice makes perfect.” This holds equally true for start-ups in the pitching phase—which is always! As any entrepreneur trying to get funding for his start-up will tell you, practice makes...

How to Reduce Your Start-Up Business Burn Rate

Are you worried about running out of cash before you even get your start-up off the ground? Sure, starting and running a business can cost a pretty penny, but if you evaluate and re-evaluate your expenses—and keep a close eye on your finances—you can keep your burn rate under control. When investors eyeball your burn rates, you want them to see that you are effectively managing your b...

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