Tag: Work

Home Based Business Opportunity – Work From Home #new #business #opportunities

#home business opportunity

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The WorldVentures Work-at-Home-Opportunity

When you hear the phrase “work from home business ,” what image pops into your mind? Do you see yourself twiddling your thumbs, waiting for a call to come through as you try to sell magazine subscriptions? Or maybe you think of trying to store loads of inventory in any spare space you can find, hoping to unload it before dust covers it—again. If you’re seeking a work-from-home business opportunity, ask yourself this question: What if you could bypass the inventory, sell a product that you’re truly passionate about and manage your business from anywhere in the world? Sound like nirvana?

Well, WorldVentures has given the home-based business opportunity a new twist, taking Representatives outside the four walls of their home and making the world their office. For more than seven years, we’ve shown thousands of people the world over how direct sales is ideal for selling vacation club memberships. Today, we have Representatives in 23 countries worldwide who relish the product. They not only sell, but showcase the experience of travel at some of the most breathtaking destinations in the world, and are now living life on their own terms.

“I wanted the time and financial freedom to teach my kids history, not from a history book, but to take them places in the world where history happened,” WorldVentures Representative Matt Morris says.

If you’re looking for an opportunity to spend more time with your friends and family, and to experience more from life―this is it!

And we’ve leveled the playing field―the opportunity is open to anyone, regardless of age, background or education. Make no mistake, there’s real potential here. All you need is the desire to build your business and the commitment to put in the time and hard work necessary to establish a solid foundation. If you’re looking for an opportunity to spend more time with your friends and family, and to experience more from life―this is it!

Start Your Home-Based vacation Club Business

Opening your own home-based vacation club business can be lucrative, and it can also give you the chance to travel the world—if you start your business with WorldVentures!

A home-based business allows you the flexibility to make a schedule that works with your life. Not to mention, WorldVentures’ direct-selling model makes it easy to set up your business, and with our mobile apps, your business can go with you. No matter where you travel, you’ll always have access to the most up-to-date news, account information, social media tools, training and, of course, the latest DreamTrips that have been added to our lists!

Selling vacation club memberships with WorldVentures is not only convenient, but also offers a wide array of products and packages for your customer base.

Selling vacation club memberships with WorldVentures is not only convenient, but also offers a wide array of products and packages for your customer base. No matter who your customers are—retirees wanting to explore a new country, families needing an affordable getaway, newlyweds planning their honeymoon, or even college students looking for Spring Break options—we offer various levels of DreamTrips Memberships. each tailored to member usage and budgets! Our selection is what provides your business value, resulting in satisfied customers.

So, get ready for all of the convenience and fulfillment that a home-based business can bring and get ready to find more fun, freedom and fulfillment with WorldVentures!

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Why The SBIC Doesn – t Work For Venture Capital Anymore – Feld Thoughts

#small business investment company

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Why The SBIC Doesn t Work For Venture Capital Anymore

There are so many things wrong in the article I felt compelled to write about it. This isn t a knock on the writer (Alicia Wallace) I like Alicia and think she does a good job. Rather, it s an example of the difference between signal and noise in any kind of reporting around the VC industry.

I’m an investor in over 40 VC funds around the world (mostly in the US) and three of them are SBIC funds. Each of the SBIC funds were raised in the 2000 2002 time period. On paper, only one is in positive return territory as a fund, but the SBIC leverage is a substantial negative factor for the LP investors in that particular fund. And, in the other two, I don’t expect to ever see any of my capital back because of the SBIC leverage. Furthermore, I don t believe any of the GPs in any SBIC-backed fund would ever take money from the SBIC again.

So I’m speaking from at least a little experience albeit indirectly with the SBIC, as I ve never been a GP in a fund that had SBIC leverage.

The article starts off saying that “Matthew Varilek has traveled across the state, proselytizing the potential benefits of the Small Business Investment Company Program.” As a partner in one of the most visible VC firms in Colorado and an LP in many of the Colorado VC firms, I’ve never heard from Matthew or anyone from the SBIC. Matthew, if you really want to have a deep discussion about why the SBIC program isn’t effective for VC funds anymore, feel free to give me a shout. I’d be happy to meet with you.

Next, there is the wonderful PR quote about the SBIC that says “Since the program s inception, SBIC success stories include the funding of companies such as Apple, Costco and FedEx when they were burgeoning small businesses.” The SBIC was instrumental in the creation of the venture capital business. The Small Business Investment Act of 1958 helped catalyze many of the VC firms created in the early 1960s. When I first heard about VC firms in the late 1980s, and my first company (Feld Technologies) started writing portfolio management software for some Boston-based VC firms, many of them had funds with SBIC leverage, although even by the late 1980s this was changing and many of them had shifted away from the SBIC. If you want to see a fun quote on it, read A History of Silicon Valley which quotes:

“ …many venture capital pioneers think the SBIC program did little to advance the art and practice of venture investing. The booming IPO market proved the model of investing in new companies, as some SBICs cash out at attractive levels. SBICs did give a boost to early venture firms, and some like Franklin “Pitch” Johnson, profiled below, thought the new law made the US “see that there was a problem and that [venture investing] was a way to do something… it formed the seed of the idea and a cadre of people like us.” Bill Draper, the first West Coast venture capitalist, has been more blunt: “[Without it] I never would have gotten into venture capital. it made the difference between not being able to do it, not having the money.” Many believe SBICs filled a void from 1958 to the early 1970s, by which point the partnership-based venture firms took off. The US government, however, lost most of the $2 billion it put into SBIC firms.

So, while Apple, Costco, and FedEx benefited, the PR would be more credible if the SBIC was trumpeting iconic companies created after 1990 or even 2000, especially where the lead investors (rather than follow on investors) had SBIC capital.

Peter Adams, head of Rockies Venture Club, is quoted a few times. I like and respect Peter, so this isn t aimed at him, but rather at the clear lack of understanding of the capital dynamics around VC funds.

It looks really great on the surface, said Peter Adams, executive director of the Rockies Venture Club, a nonprofit aimed at connecting investors and entrepreneurs. Then when you dig into it, there were some problems. Adams, who has been involved in many of the meetings with the SBA and members of the investment community, said the greatest concerns voiced by investors and venture capitalists involved management team qualifications, investment track records and the addition of debt to the equation. No. 1 for us is they want a management team with multiple people that have track records in venture capital and have worked together as a team before, he said. I can see where they re going with it, but the VC industry in Colorado has been fairly decimated through the economic downturn.

Peter is right about the context, but has two fundamental things wrong here. First, the VC industry in Colorado wasn t decimated through the economic downtown. It was decimated because of lack of performance between 2001 and 2009, just like much of the rest of the VC industry around the US. There s nothing special about Colorado in this mix, and it has nothing to do with the economic downtown. This dynamic has been reported thousands of times so I don t need to go through it again, but we don t have to look back very far to hear the drum beat from the media, LPs, and everyone else about how VC is dead. And if you re curious, it wasn t too long ago that Silicon Valley was also dying .

The other problem here is the need of the SBIC to invest in a management team with multiple people that have track records in venture capital and have worked together as a team before. Any VC firm that fits this qualification is unlikely to have difficulty raising money in today s environment, and subsequently has no need for the SBIC leverage. And, more importantly, the only firms that will look for SBIC leverage are one s that don t have this, which is a classic adverse selection problem.

Then there s this:

The recession also then plays into requirements that the management team members have been involved in a meaningful number of successful exits during a four- to six-year period. From 2008 to 2013, that was not a good time for exits, Adams said.

Huh, what? At Foundry Group, our significant exits (at least 10x capital returned) since we raised our first fund in 2007 include AdMeld, Zynga, MakerBot, and Gnip. We ve had plenty of other exits, but these are the big ones. One of those companies, Gnip, is Boulder-based and another from our older funds (Rally Software) also generated a greater than 10x return for us. Techstars (which we helped start) have also had a steady stream of significant exits, including local Boulder companies like Filtrbox, GoodApril, and SocialThing. And then you ve got plenty of Boulder / Denver monsters on paper some in our portfolio (like SendGrid and Sympoz) and others like Zayo, Ping, Logrhythm, and Datalogix. Finally, if you look across the country, the exits have been awesome the past three years.

It keeps going. There s talk about the angel cliff (e.g. we need funds to invest between angels and VCs nope, been there remember gap capital not so effective) and the SBA rules and regulations (which I believe are toxic and inhibiting to a successful VC fund.)

One of the other problem is SBA and SBIC s behavior in governance of the fund. The paperwork is silly and the overhead is non-trivial. The control over distributions and negative incentives to hold or distribute capital often generates bad decisions when companies go public. And at least one close friend who is a partner in an SBIC fund has now found a new LP to buy out the SBIC so they could actually invest capital in their winners, rather than be limited by the SBIC s constraints on the amount of capital you can invest in any particular company.

The SBIC could be a powerful force for good in the venture capital industry. But it has to approach things very different and based on my experience with the SBA over the past decade, I don t see it happening unless there is real leadership somewhere in coordination with leaders in the VC industry. I m certainly willing to help, if only someone bothered to reach out to me.

UPDATE: It turns out my partner Seth Levine had met with Matthew a while ago. Seth said Your blog was right on and much of the type of thing I related to Matt and some senior guys he brought in. The gist of my conversation with them was pushing them to consider a different model that the current one basically led to lowest common denominator GPs and sub-optimal returns. Plus the SBIC leverage could be crushing. I don t think they have a ton of flexibility around this but they at least listened to the feedback. I m going to see a bunch of them in a few weeks I agreed to help judge a business plan competition they were hosting. Like you I m not a huge fan of the program as it has existed but I give the new guys some credit for both reaching out and trying to be proactive about thinking through this.

UPDATE 2: Matthew Varilek reached out to me and we are setting up a time to talk.





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Online Home based business opportunity in Personal Development Industry – Work at home #business

#home business opportunity

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An Exciting and Unique Online Home Based Business Opportunity in Personal Leadership Development Industry

This is a BOOMING $65+ billion Industry!

A Genuine Online Home Based Business Opportunity that has proven results

BE MENTORED PERSONALLY BY ME
I turned my past yearly income into my monthly income Ask Me How

MAKE UP TO $8,000 PER SALE

Loving Life Now will show you how this online home business opportunity can become a very profitable business, if you:

  • Dedicate 15-20 hours per week
  • Have the desire to take control of your life
  • Want to be your own boss instead of working for someone else
  • Are not just looking for a get rich quick scheme, but a proven business model with a support network.
  • Are passionate. motivated and self driven
  • Want financial freedom and a fantastic income to Love your Life Now

ITS A FULLY SUPPORTED AND WORKING HOME BASED BUSINESS THAT WONT INVOLVE ANY OF THE FOLLOWING

  • NO personal explaining
  • NO hassling your friends and family
  • NO shipping of products
  • NO stocking of products
  • NO need to hire staff

We’ll supply you with the simple yet complete business model, all of your training, and we will help you establish your goals. You will however need to supply the desire, motivation and willingness to learn, and have a real passion for wanting a huge change – personally and financially in your life!

Its so easy, contact me today. All you need is a computer, Internet, a phone and a few hours to spare each day.

I compared a traditional business model to our home based business model and didnt waste any time have a look why

1. Traditional Business Model

Starting or buying into a business usually costs a large sum of money. There are most often stock, equipment, staff, marketing, rent. just to name a few expenses and these costs are constant week after week – month after month. Actually making money is usually a long time coming not to mention the 60 to 70 hours a week you need to invest of your time. NO THANKS. On average the statistics show that a business will not turn a profit for at least 2 years and the fact is most dont even make it that long, leaving behind huge debts, broken hearts and a ton of stress and strain.

So in all in all the business = No time off, No financial rewards = No thanks !

2. Our Business Model

This home based business is so affordable any one can do it. Our business model is so simple and effective that it can literally produce financial results immediately and you wont have to work 70 hours a week. If you have the desire and have made the decision to change your life, you can do it! All it will take is 15-20 hours per week. Welcome your new flexible working life, financial freedom and start LOVING LIFE !

There are hundreds of different businesses you can consider when looking for the right business for YOU. There are so many reasons why people decide to start their own business. Some are looking for financial freedom, others are looking at working less hours and making more money and some think that working for themselves will give them the fantastic life they have been waiting for.

In most cases, new business owners quickly realise that their dream of running their own cafe or buying into a franchise is not going to give them the foot loose and fancy free life they were expecting. It is hard work and requires a lot of time, money and effort. And most times people end up working 14 hour days for a minimal wage. Who wants to really live their life working??

The great news is, all businesses don’t require long hours and hard work to get the results you want and deserve.

If this sounds like the type of business you would like to own, please use the contact form on the left of the site, and we will call you back within 48 hours.





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Top 7 best business mobiles in the UK in 2016: top smartphones for work

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TechRadar pro

Top 7 best business mobiles in the UK in 2016: top smartphones for work

Impressive security features

Not premium build quality

When the Priv launched, it took a lot of analysts by surprised because of radical step involving the OS. BlackBerry had finally decided to embrace Android and re-introduce the keyboard (albeit a slide out one) on a flagship handset. It is, as techradar’s John McCann candidly puts it, the mullet of the smartphone world. “It’s still business in the front, but now there’s a party in the back too. It will divide opinion, but this is the best BlackBerry in years,” he added. The device will appeal to those who wants the security halo associated with BlackBerry with the ubiquity of Google’s Android. Overall, it remains a stunning piece of kit, and probably one bound to become a classic.

3. BlackBerry Classic

For those who yearn for the golden age of BB OS

Great messaging capabilities

Old-school QWERTY keyboard

Square screen not for everyone

Pretty hefty phone

There are still BlackBerry fans out there and the Canadian company unveiled the Classic to please them all. An old-school QWERTY keyboard, a familiar operating system and user interface, a design that doesn’t age and the enterprise-grade security are all on the feature list of this smartphone. Sure, Android might well have the upper hand when it comes to market share and the sheer number of applications but BlackBerry provides with yet another attractive alternative when it comes to business smartphones. It runs BlackBerry OS 10 with a square 720×720 pixel touchscreen display, a touchpad and up to 22-hour battery power.

4. Samsung Galaxy S6

A secure and compelling offering for BYOD aficionados

Disappointing battery longevity

With every iteration of its Galaxy S series, Samsung edges towards the business user. The S6 (and its partner the S6 Edge) saw the inclusion of Microsoft Office Android applications as well as Samsung’s own mobile device management container solution, Knox. The latter provides military-grade, multi-layered mobile security. Siloed personal and work partitioning containers (Knox Workspace) means that employers can separate work and personal life in a near seamless way. Great for BYOD aficionados. Samsung also wisely scrapped the plastic finish for a more upmarket design that blends glass and metal.

5. Samsung Galaxy Note 4

A more productive way to be mobile

Oodles of power

Some will find it too big

Since the Note 5 is not officially available in the UK, the best Android-based device with a pen remains the Note 4, still a very capable device. Multi-tasking is part of the parcel of business these days and what better phone to handle this than the Galaxy Note 4 with its stunning QHD (better than full HD) 5.7-inch display, 3GB of RAM and serious power inside. A great battery life and expandable memory have always been key Galaxy Note features, but you can now add a more premium design to that list. A metal frame runs round the circumference of the handset, and while the rear is still plastic it’s a big step forward for Samsung and it’s a welcome addition. The S Pen has been given a boost with greater accuracy, making handwriting and multi-tasking even easier. Snap two apps side by side on screen if you want to up your efficiency even more.

6. Apple iPhone 6S Plus

The alternative business smartphone

Bright and vibrant screen

3D Touch has definite potential

Supersized smartphones are all the rage these days, even Apple has one, and if the Cupertino firm’s styling and iOS heritage appeals to your business then check out the excellent iPhone 6S Plus. Its 5.5-inch display is one of the best on the market and the A9 processor that powers it regularly ranks amongst the most powerful in smartphone-dom. It supports more LTE bands than most smartphones and its enclosure is made of the same grade of aluminium alloy as used in the aerospace industry. Add in Siri and a bunch of other innovations (like Touch ID and 3D Touch) and you have a very capable business phone, one whose profile was raised by Apple’s close collaboration with IBM.

7. Lenovo K80M

A handset which boasts sizzling bang for buck

Great value for money

Plentiful RAM and storage

No local warranty

Some pre-installed bloatware

This smartphone is worthy of a special mention on this list as a business phone for a number of reasons. It is built by Lenovo, the biggest PC manufacturer on the planet, one who also owns Motorola as well. It’s shipped directly from China which is a novel but growing shift in the way products are purchased. It has a headline-grabbing 4GB of RAM, same as most desktop PCs, and 64GB of storage. Despite these specs and a quad-core Intel CPU it retails for a fraction of what similar smartphones will cost over here. Sadly though, because it doesn’t have a local warranty you will need to send it back for repairs.

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Gmail – for – Work – – корпоративный почтовый ящик, хранилище данных и не

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Gmail

Gmail for Work

Gmail отлично работает с такими почтовыми клиентами, как Microsoft Outlook, Apple Mail и Mozilla Thunderbird. Пользователи Outlook могут синхронизировать сообщения, мероприятия и контакты с Google Apps.

Простой переход с Outlook и других сервисов

Благодаря специальным инструментам вы без труда перенесете почту из Outlook, Exchange или Lotus, не потеряв ни одного сообщения. Узнайте, что думают о переходе на Google Apps наши клиенты.

Бесперебойная работа

Сверхнадежные серверы Google обеспечивают доступность сервисов в течение 99,9% времени и без плановых простоев, а резервное копирование, спам-фильтры и передовые функции безопасности надежно защищают ваши данные.

“За 20 минут мы настроили Google Apps, создали имя пользователя и пароль для каждого сотрудника и подключили 30 менеджеров во всех регионах, где расположены наши магазины”.

Джейкоб Джабер, Philz Coffee

Вопросы о Gmail

Каковы преимущества платной версии Gmail?

Платная версия Gmail обладает множеством преимуществ, таких как адрес электронной почты в домене вашей компании, неограниченное количество групповых адресов, гарантия безотказной работы сервисов в течение 99,9% времени, в два раза больше места для хранения, чем в бесплатной версии Gmail, отсутствие рекламы, круглосуточная поддержка, Google Apps Sync for Microsoft Outlook и многие другие.

Может ли у одного пользователя быть несколько адресов?

Да. Для этого используются псевдонимы. У пользователя может быть до 30 псевдонимов электронной почты.

Можно ли перенести в Google Apps почту из имеющегося приложения?

Да. Инструменты переноса позволяют импортировать письма из различных приложений и сервисов, в том числе Lotus Notes и Microsoft.





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Hot new business ideas, how does comcast internet work #business #yellow #pages

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Main menu

Hot new business ideas

Hot new business ideas Analysis

Looking to open up a new business. In need of an high-potential low-investment new business ideas? Whether you want a more flexible lifestyle, out of work.Business ideas 2017, new business ideas 2017,online business ideas. 13 Hot Business Model Innovations-Last week we started a series of. hot new business ideas If you’re still stuck on business ideas that you can launch while working full-time. they both involve using your vehicle to start a new business .The best new business ideas for 2016. New research and data point to these business ideas as having big potential for success in 2016.

How to promote online business successful business short hours

Uk unveils 16 hot business ideas that could help you turn. the start-up opportunities listed aren’t necessarily ‘new ideas’ – such as. There are still plenty of low tech business ideas out there that don’t require you. 10 Hot Startups You’ve Never Heard Of But Can Model Your Biz On. that you don’t need some groundbreaking new idea to start a business. Businesses to start in 2007. 12 Hot Business Ideas. We’ve made your decision easier by spotlighting 12 of today’s hottest business ideas. New laws allowing online wine sales may have entrepreneurs giddy with.

GoldMine CRM is for companies who want a business contact management. GoldMine Web provides the look and feel of a web client and doesn’t require.Don’t trust your business with just any local online marketing company. Local Goldmine offers Local Internet Marketing and Small Business Website Design.

Get a job at google

US Traders Accepted. NO
So I’m gonna one-up your question and tell you how you can get a job at Google and Facebook in 1 month 1 month’s prep, that is. By the way, brevity isn’t my. Every year, 2 million people apply for a job at Google – and Laszlo Bock decides who gets in. So what’s the secret? Tom Lamont hears how to.

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Marriage expert shares keys to successful relationships at home, work #good #business #ideas

#business at home

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A marriage expert says doing these 3 things will help you have successful relationships at home and at work

Forty hours a week is a lot of time to spend with someone you can’t stand.

That’s why it’s so important to foster positive relationships at work.

Psychologist and couples counselor John Gottman spent 40 years researching exactly what goes into healthy relationships, and he posited in his book, “The Relationship Cure ,” that the same principles that make marriages work also hold true for other kinds of relationships.

“Relationships in the workplace, including friendships, collegial relationships, and relationships with superiors or subordinates, are human relationships,” Dr. Michael McNulty, a m aster trainer from the Gottman Institute and founder of the Chicago Relationship Center. tells Business Insider. “Much of the same advice given to spouses who seek to make their marriages work also applies to people who want good, productive relationships with their coworkers.”

According to Gottman’s research, any relationship that involves people trying to live and work closely together should be built on trust and commitment and involve positivity, friendship, and successful conflict management.

First and foremost, good friendships in a company occur when employees feel like they can trust one another. Workers have to mostly feel like their bosses and coworkers are acting in their best interests or at least trying to. They have to feel like they have one another’s backs. It is only then that they will feel safe and motivated to invest in their relationships in the workplace.

In love or at work, people who do these three things are most likely to have positive relationships:

View As: One Page Slides

Francisco Osorio/flickr

Get to know people

In marriage, research tells us that knowing one’s partner and the important parts of one’s partner’s world is the basis for friendship and positivity. Spouses feel important when others take time to get to know them. The same holds true at work.

He says that managers and employees who feel like people are trying to get to know them and care enough to ask about their lives are more likely to feel positive about others at work.

WOCinTech Chat/flickr

Appreciate others

People are also more likely to feel positive about work-based friendships if they feel appreciated.

McNulty teaches a course that includes a video of a therapist working with a real couple who started a company together.

At one point, the woman says to the man, “I would almost work free if you would just tell me you appreciate what I do more often.” Her revelation speaks to how much people may need to feel appreciated by those close to them.

While most employees will not work for free, they feel a lot more positive about work when they feel appreciated, and they feel most positive about those in the workplace who express authentic appreciation for their talents and contributions.

Expressing appreciation, he says, could be as simple as commending a colleague on how well they spoke in a meeting or how reliable they are because they arrive to work early every day. The key is using positive adjectives and then backing them up with specific examples.

“If you think it, try and say it,” McNulty says. “And if you’re not thinking positive thoughts, that may mean that you’re scanning for the negative too much and you need to get back into thinking about what you appreciate about the people around you.”

ANG SHERPA/flickr

Make time for others

“As in marriage, people who know and appreciate one another are better positioned to connect with one another,” McNulty says.

He says that spouses who develop rituals for connecting with each other like date night, nightly walks, or phone calls to check in do better in relationships. Similarly, coworkers who find ways to remain connected keep their work relationships in a more positive place.

“That’s why talks around the water cooler, lunch dates, sports teams, and happy hour become so important,” McNulty says.

“That’s also why teams and managers have to be sensitive about making assignments of who does what with whom on work projects,” he adds. “For some employees, their routines of doing projects with certain colleagues may be their way of checking in and remaining connected.”

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Why The SBIC Doesn – t Work For Venture Capital Anymore – Feld Thoughts

#small business investment company

#

Why The SBIC Doesn t Work For Venture Capital Anymore

There are so many things wrong in the article I felt compelled to write about it. This isn t a knock on the writer (Alicia Wallace) I like Alicia and think she does a good job. Rather, it s an example of the difference between signal and noise in any kind of reporting around the VC industry.

I’m an investor in over 40 VC funds around the world (mostly in the US) and three of them are SBIC funds. Each of the SBIC funds were raised in the 2000 2002 time period. On paper, only one is in positive return territory as a fund, but the SBIC leverage is a substantial negative factor for the LP investors in that particular fund. And, in the other two, I don’t expect to ever see any of my capital back because of the SBIC leverage. Furthermore, I don t believe any of the GPs in any SBIC-backed fund would ever take money from the SBIC again.

So I’m speaking from at least a little experience albeit indirectly with the SBIC, as I ve never been a GP in a fund that had SBIC leverage.

The article starts off saying that “Matthew Varilek has traveled across the state, proselytizing the potential benefits of the Small Business Investment Company Program.” As a partner in one of the most visible VC firms in Colorado and an LP in many of the Colorado VC firms, I’ve never heard from Matthew or anyone from the SBIC. Matthew, if you really want to have a deep discussion about why the SBIC program isn’t effective for VC funds anymore, feel free to give me a shout. I’d be happy to meet with you.

Next, there is the wonderful PR quote about the SBIC that says “Since the program s inception, SBIC success stories include the funding of companies such as Apple, Costco and FedEx when they were burgeoning small businesses.” The SBIC was instrumental in the creation of the venture capital business. The Small Business Investment Act of 1958 helped catalyze many of the VC firms created in the early 1960s. When I first heard about VC firms in the late 1980s, and my first company (Feld Technologies) started writing portfolio management software for some Boston-based VC firms, many of them had funds with SBIC leverage, although even by the late 1980s this was changing and many of them had shifted away from the SBIC. If you want to see a fun quote on it, read A History of Silicon Valley which quotes:

“ …many venture capital pioneers think the SBIC program did little to advance the art and practice of venture investing. The booming IPO market proved the model of investing in new companies, as some SBICs cash out at attractive levels. SBICs did give a boost to early venture firms, and some like Franklin “Pitch” Johnson, profiled below, thought the new law made the US “see that there was a problem and that [venture investing] was a way to do something… it formed the seed of the idea and a cadre of people like us.” Bill Draper, the first West Coast venture capitalist, has been more blunt: “[Without it] I never would have gotten into venture capital. it made the difference between not being able to do it, not having the money.” Many believe SBICs filled a void from 1958 to the early 1970s, by which point the partnership-based venture firms took off. The US government, however, lost most of the $2 billion it put into SBIC firms.

So, while Apple, Costco, and FedEx benefited, the PR would be more credible if the SBIC was trumpeting iconic companies created after 1990 or even 2000, especially where the lead investors (rather than follow on investors) had SBIC capital.

Peter Adams, head of Rockies Venture Club, is quoted a few times. I like and respect Peter, so this isn t aimed at him, but rather at the clear lack of understanding of the capital dynamics around VC funds.

It looks really great on the surface, said Peter Adams, executive director of the Rockies Venture Club, a nonprofit aimed at connecting investors and entrepreneurs. Then when you dig into it, there were some problems. Adams, who has been involved in many of the meetings with the SBA and members of the investment community, said the greatest concerns voiced by investors and venture capitalists involved management team qualifications, investment track records and the addition of debt to the equation. No. 1 for us is they want a management team with multiple people that have track records in venture capital and have worked together as a team before, he said. I can see where they re going with it, but the VC industry in Colorado has been fairly decimated through the economic downturn.

Peter is right about the context, but has two fundamental things wrong here. First, the VC industry in Colorado wasn t decimated through the economic downtown. It was decimated because of lack of performance between 2001 and 2009, just like much of the rest of the VC industry around the US. There s nothing special about Colorado in this mix, and it has nothing to do with the economic downtown. This dynamic has been reported thousands of times so I don t need to go through it again, but we don t have to look back very far to hear the drum beat from the media, LPs, and everyone else about how VC is dead. And if you re curious, it wasn t too long ago that Silicon Valley was also dying .

The other problem here is the need of the SBIC to invest in a management team with multiple people that have track records in venture capital and have worked together as a team before. Any VC firm that fits this qualification is unlikely to have difficulty raising money in today s environment, and subsequently has no need for the SBIC leverage. And, more importantly, the only firms that will look for SBIC leverage are one s that don t have this, which is a classic adverse selection problem.

Then there s this:

The recession also then plays into requirements that the management team members have been involved in a meaningful number of successful exits during a four- to six-year period. From 2008 to 2013, that was not a good time for exits, Adams said.

Huh, what? At Foundry Group, our significant exits (at least 10x capital returned) since we raised our first fund in 2007 include AdMeld, Zynga, MakerBot, and Gnip. We ve had plenty of other exits, but these are the big ones. One of those companies, Gnip, is Boulder-based and another from our older funds (Rally Software) also generated a greater than 10x return for us. Techstars (which we helped start) have also had a steady stream of significant exits, including local Boulder companies like Filtrbox, GoodApril, and SocialThing. And then you ve got plenty of Boulder / Denver monsters on paper some in our portfolio (like SendGrid and Sympoz) and others like Zayo, Ping, Logrhythm, and Datalogix. Finally, if you look across the country, the exits have been awesome the past three years.

It keeps going. There s talk about the angel cliff (e.g. we need funds to invest between angels and VCs nope, been there remember gap capital not so effective) and the SBA rules and regulations (which I believe are toxic and inhibiting to a successful VC fund.)

One of the other problem is SBA and SBIC s behavior in governance of the fund. The paperwork is silly and the overhead is non-trivial. The control over distributions and negative incentives to hold or distribute capital often generates bad decisions when companies go public. And at least one close friend who is a partner in an SBIC fund has now found a new LP to buy out the SBIC so they could actually invest capital in their winners, rather than be limited by the SBIC s constraints on the amount of capital you can invest in any particular company.

The SBIC could be a powerful force for good in the venture capital industry. But it has to approach things very different and based on my experience with the SBA over the past decade, I don t see it happening unless there is real leadership somewhere in coordination with leaders in the VC industry. I m certainly willing to help, if only someone bothered to reach out to me.

UPDATE: It turns out my partner Seth Levine had met with Matthew a while ago. Seth said Your blog was right on and much of the type of thing I related to Matt and some senior guys he brought in. The gist of my conversation with them was pushing them to consider a different model that the current one basically led to lowest common denominator GPs and sub-optimal returns. Plus the SBIC leverage could be crushing. I don t think they have a ton of flexibility around this but they at least listened to the feedback. I m going to see a bunch of them in a few weeks I agreed to help judge a business plan competition they were hosting. Like you I m not a huge fan of the program as it has existed but I give the new guys some credit for both reaching out and trying to be proactive about thinking through this.

UPDATE 2: Matthew Varilek reached out to me and we are setting up a time to talk.





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Online Home based business opportunity in Personal Development Industry – Work at home #custom

#home business opportunity

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An Exciting and Unique Online Home Based Business Opportunity in Personal Leadership Development Industry

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  • Are not just looking for a get rich quick scheme, but a proven business model with a support network.
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We’ll supply you with the simple yet complete business model, all of your training, and we will help you establish your goals. You will however need to supply the desire, motivation and willingness to learn, and have a real passion for wanting a huge change – personally and financially in your life!

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The 10 Best Consulting Firms to Work For #register #business #name

#business consulting firms

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The 10 Best Consulting Firms to Work For

The world turns, and most consultants still want to work for McKinsey Co. The elite firm known by some as the Harvard of consulting beat out competitor Bain Co. for the top spot in a ranking of consultancies by Vault, a website that researches and ranks companies. McKinsey was voted “Most Prestigious” for the 14th straight year.

Vault analyzed 9,000 responses from consultants it surveyed at 100 companies in North America. Consultants ranked firms on a scale of one to 10, based on prestige, firm culture, compensation, work-life balance, and other factors.

Vault ranked 50 consultancies, weighting its ranking by factors that consultants identified as being most important to their decision to select and stay at a firm. This year, Deloitte, PricewaterhouseCoopers, and Oliver Wyman moved up the list, while technology-specialist Accenture noticeably dropped out of the top 10, to No. 20. Bridgespan Group took Accenture’s former spot in its debut year, highlighting the importance of social good in rankings success. Bridgespan’s commitment to social sectors boosted its measures of prestige and sense of purpose, according to Vault.

Consulting used to be the top choice for business school graduates, but now the technology industry is taking many of the best and brightest new MBAs, says Vault editor Phil Stott. More consultancies are mitigating office hours while boosting travel opportunities, flex-time, and work-from-home options.

“Consulting firms have had to start competing on quality of life in a way that they never had to before—which, in turn, is leading to higher ratings from consultants,” says Stott. “It’s a pattern that I’ve seen developing over the past couple of years, and it’ll be interesting to see where it goes from here.”

The report also includes the second year of Vault’s Boutique Consulting Rankings, an increasingly popular grouping. Insight Source Group was ranked No. 1 for its second year, but the standout for work-life balance was Eagle Hill Consulting. The firm, which advertises as a “family-run, woman-owned company,” scored highest for vacation policy, hours in the office, and overall satisfaction.

The Top 10 firms to work for, based on Vault’s Annual Consulting Survey, are below. Find the full 50 firms Vault ranked here.

1. McKinsey Co.

3. Boston Consulting Group

4. Deloitte Consulting





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