Posts tagged Money
Always be as hungry as you were when you had nothing. And while passion for your product is important, it is even more important to learn how to manage money. No one talks about that, but it can be the difference between failing and succeeding.
Nelson Gutierrez, founder of Strictly Bicycles, a hybrid bike and coffee shop that sits perfectly on the 9W route for NJ to NYC commuters, has at least 2,000 cyclists roll through on any given weekend.
Read more on how Gutierrez went from 100-hour work weeks to a booming bike shop on OPEN Forum or watch the American Express OPEN commercial featuring Strictly Business to get a peak inside their local business operation.
5 Reasons Stupid People Make More Money Than You on OPEN Forum
Does it feel like no matter how hard you work, someone dumber than you is more successful?
Here’s why they are bringing home the bacon:
1. The Rich Get Richer
2. Good Genes
3. No More Mr. Nice Guy
4. Brown Nosing
5. Plain-Old Dumb Luck
Read more on what smart actions to take about people not as smart as you making more money than you.
(via 5 Reasons Stupid People Make More Money Than YouThe New OPEN Forum)
With this news, you’d think Bobby Valentine is now managing New England’s tech scene:
New York’s share of venture capital dollars has doubled over the last ten years while its rival, Silicon Valley, has grown at a much slower pace and New England has sputtered, a new study from the Center for an Urban Future shows.
Between the first quarter of 2003 to the first quarter of this year, the New York area’s share of VC investments surged to 11.4% from 5.3%.
Silicon Valley’s share rose to 31.7% from 28.6% over the same period while New England’s share fell to 10.2% from 14.8%.
Read more in NY Daily News. Go #NYCTech!
Chart: Center for an Urban Future report
Great news for NYC tech entrepreneurs! NYC is the clear leader for where tech start ups need to be on the East Coast to get VC funding.
Click here to embiggen (see full infographic)
Do you know what makes a winning pitch deck? Use this infographic to learn the 12 most vital components and best practices when creating a sales deck to get the funding your company needs.
(Via InvestorPitches.com)
Venture Capital in New York, Q1 2013
By Andrea Moore, Project Manager, Economic Research & Analysis
Last week, the National Venture Capital Association (NVCA) and PricewaterhouseCoopers released their most recent quarterly MoneyTree report, which provides information on U.S. venture capital deals and investment dollars. StatsBee wanted to take a quick look and assess how New York State did during the first quarter of 2013.
New York posted another solid quarter of venture capital investment, especially from a year-over-year perspective. Deals are up 22.5% since Q1 2012, and investment dollars posted a 71.7% increase over the weak Q1 2012. Compared to the last quarter of 2012, which was very strong, both deals and dollars fell slightly in New York. Deals fell 9.4% from 96 to 87, corresponding to a 17.3% decrease in investment dollars. However, the first quarter has been soft in recent years, so these results augur well for 2013.
For ongoing and in-depth analysis of venture capital investments and the tech sector in New York City, don’t miss the inaugural edition of NYCEDC’s new publication on Technology and Venture Funding, coming soon.
Click here to embiggen (see full infographic)
A majority of the world’s billionaires are self-made. This infographic visualizes where a handful of them started and how much sweat they put into making their billions.
(Via Founders and Funders)
So, how does one get an investment for an idea that seems obvious? Very simple: Understand what angel investors and VCs are looking for and give it to them. Investors have pattern recognition, and they are driven by four Fs: fortune, fame, fear and fun.
- Jason Calacanis, Founder of Mahalo.com
101 Ways to Reward Employees (Without Giving Them Cash) by OPEN Forum
When it comes to rewarding your employees, cash is king—but only for a few hours. Money is not a long-term motivator. Finding ways to engage with them rather than pay them off will result in more loyal, harder working employees.
1. Flexible Hours
2. A Thank You Note
3. Pizza Party
4. Commute on Me
5. The Boss’s Office
6. Primo Parking
7. Flip Flop Day
8. Day Off Pass
9. A New Chair
10. Bring the Pooch
Read more on OPEN Forum for all 101 ways to say, “I appreciate you and all your hard work,” without breaking your budget.
(via 101 Ways to Reward Employees (Without Giving Them Cash) - OPEN Forum :: American Express OPEN Forum)
5 Ways to Make Money and Do Good
Social entrepreneurship is a hot topic these days - but can you really make money while doing good?
Here are Co.Exist’s five models as proof that you can be both profitable and charitable:
1. The Moonlighter
2. The Starter Up’er
3. The Service Provider
4. The Serial Contractor
5. The Insider
Which one are you? Read more here.
(via 5 Ways To Make Money And Do Good | Co.Exist: World changing ideas and innovation)
Tax Fraud: 5 Millionaires Busted for Cheating on Their Taxes by OPEN Forum
1. Walter Anderson
2. Donna Guerin
3. Aristotle R. Matsa
4. Robert Beale
5. Arvind Ahuja
Read more on how these five millionaires paid a high price for their big tax mistakes on OPEN Forum.
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