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The Startup Money Hunt: When Entrepreneurs Bring In Investors (Infographic)

The Startup Money Hunt: When Entrepreneurs Bring In Investors (Infographic)

Giving away portions of the company you poured your blood, sweat and tears into may be painful. But, as an entrepreneur, selling equity in your startup for cash can be financially beneficial.

Many successful startup entrepreneurs follow a well-worn series of stages in their quest for funding from a first friends-and-family round, moving on to a seed investment and later a venture capital investment. As a business grows and becomes more successful, investors often become willing to invest greater sums in exchange for increasingly smaller amounts of equity.

The infographic below, from San Francisco-based startup community organization Funders and Founders, breaks down the funding path of a successful entrepreneur, from idea to initial public offering.


Hosting the Future: Taking Events Online – Ticketed Live Streaming

Hosting the Future: Taking Events Online – Ticketed Live Streaming

These are difficult, testing times for the events industry. COVID-19 has brought with it an endless spree of global cancellations and uncertainties. Quite frankly, it’s shaken things up and few could have predicted the recently imposed restrictions and the crash to follow.


However, it is in the face of adversity that great ideas and a newfound sense of perspective can be realised. The strength of an industry should not be measured by how badly it stumbles and suffers but in its own ability to adapt, change, resurface and reinvent. Perhaps this is the perfect moment to take a step back, reassess and focus our ambitions.


Eventcube has always approached the events industry from an environmental mindset, pushing a paperless and waste free approach, we’ve always looked at ways to reduce the impact of travel and hosting. What if you could attend a conference or event without having to fly half-way across the world?


We have been looking at ways in which we as a company can assist and support event producers whilst focusing our ambitions towards an initiative designed to support the fight against climate change and re-imagine our industry online. These causes have been somewhat bizarrely paired due to recent unprecedented circumstances.


The Coronavirus pandemic has shone a light on the revolutionary potential of online streaming. Many event producers have turned to the internet as a means of hosting their cancelled conferences, drawing classes, concerts, Q&A’s, talks, recitals and beyond. With this has come a realisation – that we could in future cut costs, reduce emissions and waste through repurposing the physical, taking events online. In doing so audiences can become limitless, events can become global and horizons are broadened.


Towards the tail end of 2019 Eventcube launched a new initiative, Ticketing for Planet Earth. This campaign is focused on repurposing current website tooling, making the platform amenable to event producers and companies worldwide, restructuring the way in which we view the very aesthetic of an “event” – making physicality less important and the virtual experience better.


With the above in mind we have dedicated increased resources into the rapid development of a multi-faceted live streaming solution for event producers large and small. Using cutting edge integration we can now support your online event, offering ticketed streaming solutions alongside Youtube, Zoom, Twitch, Vimeo and many more.


We are very excited to begin this new chapter and with this pandemic has come a chance to take stock and broaden our efforts towards the expansion of our campaign. Just because the world’s stopped doesn’t mean it’s the end, perhaps we’ve only just begun…

Find out more about Live Streaming and Tickets For Planet Earth here

7 Free Apps That Can Make Planning Your Next Vacation Easy

7 Free Apps That Can Make Planning Your Next Vacation Easy

We’re fresh into the new year but we’re already daydreaming about our next vacation.

A number of apps are more than capable of helping you plan your next trip. Use them to save a bundle on flights, hotels, and car rentals — then use them again to find fun stuff to do once you’ve arrived at your destination.

How to Apply PR Skills at Networking Events

How to Apply PR Skills at Networking Events

Public relations is a skill that applies not only to the media; it also applies to social situations, especially networking events where your image is everything.

I recently attended a local Chamber of Commerce networking event, and like every other entrepreneur, I went there to mix, mingle, find leads, make sales, and create new money. It’s the driving force behind every successful entrepreneur or business owner. The quicker you master these skills, the faster your business grows.

Roughly 150 people were at this NYC event. I’ve been to hundreds of journalism and PR mixers, but this business crowd was different. Unlike journalism conventions, where reporters sit back and observe, this Chamber of Commerce mixer was packed with type-A personalities. Every man and woman was focused and self-aware. No one waited for the right moment. Everyone seized even the smallest of openings.

The longer I mingled with New York City’s entrepreneurs, the more I realized how image matters in business—and not just on TV or in the papers.

As a former executive producer with WNBC and senior producer with CBS, I have more than a decade of experience working with publicists from all over the country. But you don’t need a lofty title to understand that some publicists get it and others ought to find a new career. Every journalist will tell you that a good publicist makes the job easy and a bad publicist turns it into a laborious task.

It was no different at this Chamber of Commerce networking event. The best entrepreneurs made the art of networking seem easy. The more awkward leaders made the event painful.

Taxi Company Weaves Out of L.A.’s Regulatory Traffic Jam

Taxi Company Weaves Out of L.A.’s Regulatory Traffic Jam

A taxi company is innovating – and that could be the key to avoiding an all-out regulatory war.

Bell Cab Co., which runs about 300 cabs in the greater Los Angeles area, is using software from San Francisco’s Flywheel Software Inc. to allow passengers to get and pay for cabs through their smartphones.

It is more than just a small deal between a local taxi company and a software startup. In fact, it is a big deal if you worry about the effects of regulation on a business.

L.A. has been the Gettysburg of a regulatory civil war, a bruising, bloody battleground where businesses are using every means available to wipe out competition. On one side are the innovators, namely ride-sharing companies like UberSidecar and Lyft that entered the LA market earlier this year with technology-rich alternatives to the age-old problem of hailing a cab. On the other side, are the old-school taxi companies that have been loathe to innovate because they benefit from what is essentially government control of their industry through a web of rules and regulations.

The fight has been costly for both sides. Taxi drivers have taken to the streets and slowed traffic to protest what they say is the unfair advantage these new companies have. New companies have faced the specter of being shuttered. In the end, it is still no easier to get around in the city.

The culprit is regulation itself. The taxi business is heavily regulated in L.A. The city’s Department of Transportation inspects cabs, certifies drivers and regulates fares. For the cab companies, this is added expense they pass along to customers or eat themselves, to the tune of tight margins. At the same time, since the regulations provided high barriers for entry for competing cab operators, none of the existing companies ever felt the need to innovate. Regulation caused burden, but also a measure of protection.

Cab companies saw the dangers ride-sharing presented to their businesses and went to the government for help. In economics, such an approach is called “rent-seeking.” Rather than let market forces and good old-fashioned competition win the field, rent seekers look for a state-sponsored solution. Large multinationals engage in rent-seeking when they push for tariffs on foreign imports. Companies that spend heavily on lobbying are classic rent-seekers since they look to influence policy in their favor.

But the rent-seeking of the cab companies in the City of Angels was the most devilish. Here, companies were looking for the government to put the competition out of business. They were almost successful: The Department of Transportation issued cease-and-desist letters to Lyft, Sidecar and Uber, threatening them with arrest and fines if they continued to operate.

Those threats were never enforced, mostly because the new services were popular with customers (who vote, after all). It helped that new L.A. Mayor Eric Garcetti also backed the new companies.

There was also no way for the cab companies to argue that consumers were being harmed by the upstarts. As the Los Angeles Times put it, “the main danger the companies pose at this point is to cabbies’ hold on what used to be a captive market.”

It’s not that Sidecar and the ride-sharing companies don’t face government oversight. They are regulated on the state level, and will face more under new regulations from the California Public Utilities Commission, which claimed jurisdiction a few years ago because these companies don’t offer rides, but rather serve as a clearinghouse between drivers and passengers.

So cab companies were thwarted in getting their regulatory allies to help settle their competitive scores, so it was refreshing for free-market proponents to see Bell – one of L.A.’s biggest cab companies – decide to try to make technological improvements. Using Flywheel, passengers should be able to summon a cab in five to seven minutes, and, assuming the price is right, that should be competitive with the services from ride-sharing companies.

“There’s not as much of a cab culture in Los Angeles,” Flywheel CEO Steve Humphreys told the L.A. Times. “We think there’s an opportunity to get more people to ride them by being able to just load an app to find them.”

If that’s the case, innovating around ride-sharing may beat rent-seeking after all. Bell’s decision to use the Flywheel software sends a big message, one increasingly less heard nowadays: Companies like Sidecar and Lyft may be run out of town, but it will be companies like Bell, rather than the strong arm of the government, that does it.

Are You Ready for a Side Hustle? Here’s How to Know.

Are You Ready for a Side Hustle? Here’s How to Know.

Editor’s Note: In “Tough Love Tuesday,” we connect side-hustling entrepreneurs with support, resources and advice from top experts. Sign up to our email newsletter to be notified about our Tuesday Facebook Lives and check back to our “Side Hustle” topic page for more helpful tips.

It seems like everyone has a side hustle. Indeed, 1 in 4 millennials have a side hustle, part of the  54 million Americans making money outside of their paycheck.

But are you ready to get your hustle on?

According to Susie Moore, a life coach and the founder of Side Hustle Made Simple, you are always ready to begin a side hustle. You just need to know where to begin.

Moore has helped thousands of people take the leap from concept to creation in making their entrepreneurial dreams a living, breathing reality by launching a risk-free side hustle. She left her $500,000 job after her own side hustle took off within just 18 months. She’s also the author of What if it DOES Work Out? How a Side Hustle Can Change Your Life released this fall, speaker and adviser to startups. Her work has been featured on the Today Show, Marie Claire and more.

To help aspiring entrepreneurs understand what it takes to be a side hustler, Moore is joining us for this week’s episode of Tough Love Tuesday, our Facebook Live series that connects experts with side hustlers for real-time advice and support.

What Type of Side Hustle Should You Try? (Infographic)

What Type of Side Hustle Should You Try? (Infographic)

Need some extra cash? Try pursuing a side gig. Side businesses are not only great for the extra income, but they can also be a way to pursue your passions or share your expertise. Of course, figuring out which type of side business to pursue can be a challenge.

For starters, brainstorm all of your hobbies and passions and figure out if there’s a way to make some money off them. Do you like to make crafts? Try selling them on Etsy. If you’re into photography, try selling your images on Shutterstock. If you’re not sure that your passion can bring you some extra dough, think about your skills. If you have expertise on a certain subject, you can become a freelancer and accept projects on a case-by-case basis.

If you have a lot of time to dedicate to a side hustle, think about joining the gig economy and taking up a job such as driving for Uber or Lyft or walking dogs in your neighborhood. From renting out your room on Airbnb to doing others’ errands through TaskRabbit, there are endless options for side hustles you can try.

To learn more, check out QuidCorner’s infographic below.

Courtesy of: Quid Corner

The 8 Best Old Towns in Europe

The 8 Best Old Towns in Europe

How do you define an old town? For purposes of this post, I define an old town as a separate, distinct part of a modern city that is historical, beautiful, protected from further development, and often holding UNESCO World Heritage designation.

London and Paris don’t have old towns, for instance, while Venice and Valletta are nothing but old town. Many old towns in Europe were destroyed during the World Wars (and some, like Warsaw, were painstakingly reconstructed); other old towns, like Vilnius and Belgrade, have their old and new towns overlap so much that it’s hard to tell which part starts and ends where.

I’ve visited dozens upon dozens of old towns across every country in Europe except Cyprus. (Man, I really need to get to Cyprus next year so my statements land with more punch!) Nearly every country has a special old town.


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