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Editor's note: Over the next few months, we'll be taking a virtual tour of U.S. cities to see how the 2008 financial crisis has changed the entrepreneurial landscape, for better or worse. Boise isn't exactly a bustling metropolis. Yet, its entrepreneurs know how to think big. Chalk it up to the nearby [...]
This past year, I was introduced to the Silicon Prairie when I hosted Big Omaha and spoke at Thinc Iowa. What's the Silicon Prairie you ask? It's just the hottest area in the country for tech startups that you never heard of. Spanning from Nebraska to Iowa to Missouri, Silicon Prairie companies are [...]
From Silicon Valley in California to Silicon Alley in New York, it may seem that those areas have cornered the market on tech genius, but don't be fooled. The internet is decentralizing business, allowing entrepreneurs to build smart, lean businesses in far-flung places. These eight places may not leap out as startup hotbeds, [...]
While the Midwest has long been known for farming and agriculture, it only takes a trip around the region today to discover hot tech startups like online-food ordering platform GrubHub, online-payment system Dwolla and farm-management software FarmLogs, residing in spots where factories and farmland once stood. These startups, along with [...]
Pay and recognition are two of the most important factors that impact employee morale, performance and growth. If your business isn't keeping up with market trends, you can run the risk of losing talented employees and turning away top prospects. A recent report by WorldatWork indicated that workers on average will [...]
Jason Bussanich runs Westlake Chiropractic in Lake Oswego, Ore. His wife, Kyra, owns Crave Bake Shop, a popular gluten-free bakery. They work hard, and their businesses do well, but you wouldn't know it from their meager paychecks. "For the first two years I ran the business, I didn't take a dime," [...]
Do you think it'd be nice to know how much a CEO makes compared with the typical amount made by an employee of his or her company? Well, you're going to find out. Soon. This past week the chairman of the Securities and Exchange Commission told a congressional committee that [...]
If you've ever worked as part of a management team, you've probably experienced some level of dissatisfaction with your salary at one time or another. Maybe you felt your efforts were undervalued, or you learned that another (less deserving) team member earned more. Over time, these feelings of underappreciation and resentment can [...]
I've been in venture capital for the past decade, and it still amazes me the different approaches and behaviors I get when I meet founders. When I was asked to write this post, it didn't take long for the memories to come back on some of the bad behaviors I've [...]
Having sat through countless pitches, I can attest that many of them fall flat – and it's not always because of the idea or product. Rather, my biggest red flags have more to do with delivery and style than content. The good news is that these are relatively simple pitfalls [...]
Getting your first term sheet from a venture-capital firm is among the most exhilarating moments that you'll experience as an entrepreneur. It probably sits up there with the college acceptance letter in the pantheon of milestones. Getting a call from an entrepreneur who has just received a term sheet is one of [...]
Q: I am looking for advice when setting up equity option pool for an LLC. What are the pitfalls and what factors should I consider? -Joe Shepherd Phoenix A: There is no universal approach for setting up an equity pool for an LLC. However, there are a few standard best practices [...]
