Tag Archives: Deals

Shorter Flights at Lower Heights: The Right Way To Angel Invest | OnStartups.com

A more effective model for Angel investing is long overdue. If Angels want to win — they want to lower their risk, create better returns, and help entrepreneurs more they’ll do the following: fly lower heights (avoid trying to fund the next 5 Facebooks) and take shorter flights (avoid riding each investment out all the way to the end).

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Optimism Dims, Financing Improves: NSBA Report – BusinessWeek

The NSBA’s Mid-Year Economic Report, which surveyed 400 of the group’s members online between June 24 and July 11, offered little to be optimistic about:

More than one-third say they aren’t confident about the future of their business from a financial perspective

Eighty-eight percent anticipate a recession or flat economy in the next year, an increase from 78 percent six months ago

Forty-five percent expect no growth opportunities in the coming year, up from 40 percent in December.

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Marty Keller’s Goodbye Note | Marty Keller

Here is the text of Marty Keller’s goodbye note and it provides some information about they way forward for the California Small Business Advocate’s Office. We’ll miss you, Marty. – Ed.

Friends,
 
A couple of items to share before I transition to my new adventure:
 
  • The Asian Business Association of Orange County wants you to know of a couple events coming up in August and September:
  • The Filipino American Chamber of Commerce of Orange County is hosting its Annual Green & Health Expo on August 25 at the Crowne Plaza Anaheim Resort in Garden Grove. Details can be found here.
  • The ABAOC is putting on its annual Procurement Opportunities and Export Initiatives event on September 22 at the Disney Paradise Pier Hotel in Anaheim.  Details are available here.
  • The indefatigable Frank Ferral is spearheading, along with the Greater Stockton Chamber of Commerce, a Recycling BIN Summit on August 9 at the University Plaza Waterfront Hotel in Stockton.  More information can be found here.
As for matters of concern with state government, until the Governor appoints a new Small Business Advocate, please contact GOED regarding any matters of concern.  The general number is (877) 345-4633.  Joel Ayala is the Director (joel.ayala@gov.ca.gov), and Dave Freitas is the Chief Deputy Director (dave.freitas@gov.ca.gov). 
 
Daisy Luna is staying on as our intern.  She manages the event calendar, so please forward her information that you want posted to the GOED business calendar: daisy.luna@gov.ca.gov.
 
For matters dealing with procurement, please contact Eric Mandell at the Department of General Services at 916-375-4608: eric.mandell@dgs.ca.gov.
 
As for me, I will kicking back for exactly two days, and then I will be in touch with you all on Monday about the new direction.  Nikki, be patient!
 
Thanks again for the friendships and collaborations over the years, and remember: the best is yet to be!
 
Cheers,
 
Marty Keller

New Thiel’s Deals

Our buddy Paul Thiel publishes a deal sheet for ‘the best of what’s around’ in Southern California. We’re happy to offer it to our readers. Check it out.

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How to Make a Successful Partnership | Peter Mehit

Becky, a consultant, was telling us about a proposal she made a few years ago. The project was big and she needed help so she partnered with company that she had worked with before. They agreed to work as one company to reduce customer concerns about managing multiple contractors. At deal time the partner broke ranks trying to make a separate agreement. The customer declined to work with either company.

Trouble in partnerships generally comes from three things: Poor due diligence by the partners, mismanaged expectations and lack of defined roles and responsibilities.

When picking another company to partner with, you need to decide if they are a good fit with you. For example, a firm that is fastidious about quality will be driven crazy by a sloppy partner. If the firms have different ideas about client relations, there can be mixed messages that cause trouble and false crisis. You’ve decided the partner firm is qualified and shares a compatible management approach, but you also want to check for a cultural fit. Are the work methods compatible? If your company likes slow, steady progress will you be able to work with one that pulls all nighters to deliver a last minute product?

Once you’ve done your homework, set the expectations for the work. Decide with the other team what each one of you wants to get out of the project. Who gets the credit? How is the fee divided? How much effort is required of each of you? Who leads the relationship?  Taking the time to learn everyone’s expectations will avoid fumbles in front of the customer and disappointments that can sour the relationship and make for a bad experience for everyone involved.

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The Obama Deception: Why Cornel West Went Ballistic – Chris Hedges | Truthdig

“He makes a bee line to me right after the talk, in front of everybody,” West says. “He just lets me have it. He says, ‘You ought to be ashamed of yourself, saying I’m not a progressive. Is that the best you can do? Who do you think you are?’ I smiled. I shook his hand. And a sister hollered in the back, ‘You can’t talk to professor West. That’s Dr. Cornel West. Who do you think you are?’

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Microsoft Buys Skype for $8.5 Billion. Why, Exactly? | Wired.com

Last year, Skype had revenue of $860 million on which it posted an operating profit of $264 million. However, it overall made a small loss, of $7 million, and had long-term debt of $686 million. It was the second time Skype has been bought out; after being started in 2003, it was purchasd by eBay in 2005 for $3.1 billion. eBay then sold the majority of its stake in 2009 to a private investment group for $1.2 billion less than it paid.

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