Rubber Duck problem solving

rubber-duckHaving mentors, investors and other people you can lean on is very helpful,….. as long as you know how to get what you need from them.   That is the hard part.  That is where the Rubber Duck solution comes in.  I highly suggest you read “To get the most out of your investors, turn them into rubber ducks”    When I wrote code for a living I had a mentor that just let me talk and then kept me talking.  Pretty soon I figured out the solution for myself.  It is an amazing process.  

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SEC Rule 506(c); What Companies and Investors Need to Know

SEC LogoThere has been a lot of comments and confusion over the changes recently made by the SEC to rule 506(c).  For accredited investors in early stage companies and for companies raising capital, there are changes that will potentially affect you.  In order to clarify these issues,  BrownWinick has prepared two documents concerning these changes.

506(c) What Companies Raising Capital Need to Know

506(c) What Investors Need to Know

These documents are clear, rational views on what these changes mean to both investor and company alike. 

Thanks to BrownWinick for providing these.  

 

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Terms That Do Not Endear You To Your Customer!

Be careful the terms you use.  Recently, a banker who will remain nameless lost my business using the terms “widget” and “term you out”.   Never call a company’s product a widget unless you intend to insult the company.  Second, even if you think that a loan should be converted from a line of credit […]

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“When two men in business always agree, one of them is unnecessary.” William Wrigley Jr

And how! With many entrepreneurial teams, there is little disagreement on the execution of the business plan.  This makes for a blind team.  While you want the team to be in agreement on where you are going strategically, you need people who think differently than you and your team members to successfully execute the business […]

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You want to do what?: A patentable idea does not a business make!

Many new to the world of products believe that a patented product is the sure road to success.  Nothing could be further from the truth.  While a patent can have value, it is only because others wish to purchase what you have invented. To obtain a patent on your invention it must be useful, novel […]

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Talk to your (future) customers!

I was reading a blog the other day written by the group at 16 ventures.   Titled “Take your customer to lunch, not me” it reminded me of advice I have often given.  When you are working on part of you business model and looking for feedback, do not forget your current or future customers.  […]

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