by Jordan Dolgin, CEO of Dolgin Professional Corporation
Hands down and without a doubt the #1 Absolute Start-Up Mistake I see clients make time and time again is far from obvious and far from intuitive.
It has nothing to do with the business concept itself.
It has nothing to do with the size of the ”addressable market” for a new product or service.
It has nothing to do with the quality of key management.
It has nothing to do with raising capital, managing cash flow or the marketing strategies or techniques employed. (more…)
This post was written by Michael Cohen, CEO of Mati Ra’anana, and Robin Lovell, VP of Mati Ra’anana, and a member of the fresh venture capital stewardship program; connecting young technology entrepreneurs to select investors.
Entrepreneurs often fail at their first investment meeting. Here are five statements that turn off investors, and should be avoided if entrepreneurs would like to acquire investment: (more…)
by Bob Ackerman, Founder and Managing Director of Allegis Capital
A term sheet can take many forms (a single page or up to 7 or 8), and if you’re a first-time entrepreneur, you’ll be confronted with terms and conditions that sound like they come from an alternate universe populated by lawyers. The term sheet is an outline of the eventual terms under which the investment will be made, so my preference from an entrepreneur’s perspective is for the more comprehensive term sheet covering all of the primary points of the investment negotiation. (more…)
By Guy Kawasaki
Someone once told me that the probability of an entrepreneur getting venture capital is the same as getting struck by lightning while standing at the bottom of a swimming pool on a sunny day. This may be too optimistic. (more…)
by Paul Graham
In the Q & A period after a recent talk, someone asked what made startups fail. After standing there gaping for a few seconds I realized this was kind of a trick question. It’s equivalent to asking how to make a startup succeed—if you avoid every cause of failure, you succeed—and that’s too big a question to answer on the fly. (more…)
Written by Jordan Dolgin of Wilson Vukelich LLP
Every entrepreneur who has taken the risk to start and build a business is curious about what his or her business is worth and what is involved in selling it. These days, few business founders plan on running their businesses until retirement and, with the world awash in private equity and mega M&A deals taking up the headlines each day, selling your business is a very hot topic. While it is commonly known that sellers what to “sell smarter” (i.e., maximize their after-tax sale proceeds), what is not commonly known is what is involved in getting there. (more…)
By Rob Jevon, posted online by Pharmaceutical Online on September 2009 (originally published in Life Science Leader Magazine)
Mistake #1: Hit ‘em Where They Ain’t
Although generals from George Washington to Douglas MacArthur achieved great military success by focusing their forces on underdefended positions, the same does not hold true for venture capitalists. VCs are creatures of habit — actually, profitable habit. They typically go where they have made money before. (more…)
An Advisory Bulletin by Jordan E. Dolgin of the Dolgin Professional Corporation
In connection with the incorporation of your new business, this memorandum highlights a number of critical issues for you to consider with your legal, accounting and other professional advisors:
Tax-Deferred Asset Rollovers for Existing Businesses
- If you are incorporating an existing sole-proprietorship or partnership, the transfer of business assets and liabilities to the new corporation may trigger unintended tax consequences at a time when no cash would be available to pay for such taxes
- In these circumstances, it is important to obtain a valuation of valuable assets (such as real property and goodwill) and determine if the tax-deferred rollover provisions of the Income Tax Act (Canada) are available to you (more…)