Dileep Rao financed the growth of more than 450 companies and real estate projects in more than two decades as a financier. In his newly published book “Nothing Ventured, Everything Gained,” however, Rao sets out to demolish the “dominant myth” that building a giant company requires early stage venture capital. The Twin Cities-based Rao, a clinical professor of entrepreneurship at Florida International University and formerly with the University of Minnesota, contends that entrepreneurs who avoid or delay getting venture capital can retain control of their company and more of the wealth it creates. Rao, an entrepreneurial finance blogger for Forbes.com, bases his conclusion on interviews with hundred-million-dollar and billion-dollar entrepreneurs and analysis of the financial strategies of 85 of the latter. Entrepreneurs, Rao argues, need sales and financial-management skills and innovation and takeoff strategies to develop companies without VC. Rao, … [Read more...] about Former financier discusses why entrepreneurs don’t need venture capital
How to get venture capital
Every startup is looking for talent but the smart talent isn't going to work for a startup with no future. John Boitnott Published 6:30 am CDT, Tuesday, August 21, 2018 Photo: Hero Images | Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Hero Images | Getty Images Looking for a Tech Job? Then Learn How to Recognize Early Stage Unicorns 1 / 1 Back to Gallery Just imagine if you were the tenth employee at Facebook. Your professional and financial growth would of course be remarkable. Some early employees at unicorn companies, startups worth more than $1 billion, spend years rising through the ranks at a successful company. Others parlay their good fortune into leverage to find more senior roles at less well-known organizations. Either way, finding a job at the next unicorn tech company can be a … [Read more...] about Looking for a Tech Job? Then Learn How to Recognize Early Stage Unicorns
Photo: Elise Amendola Image 1of/1 CaptionClose Image 1 of 1 In this March 5, 2012 file photo, consumer credit cards are posed in North Andover, Mass. A new law set to take effect Sunday, July 1, 2018, will prohibit consumer credit reporting agencies from charging Georgia residents to freeze their credit report. Placing a freeze on your credit is a security measure that can be used to combat identity theft. It essentially prevents creditors from obtaining your credit report, making it nearly impossible to open a new account. Credit reporting agencies were previously allowed to charge a fee of up to $3 to freeze or unfreeze a report. (AP Photo/Elise Amendola, File) less In this March 5, 2012 file photo, consumer credit cards are posed in North Andover, Mass. A new law set to take effect Sunday, July 1, 2018, will prohibit consumer credit reporting agencies from charging ... more Photo: Elise Amendola … [Read more...] about Millennials, here’s how to get first credit card
Susan Tompor Detroit Free Press Published 11:00 p.m. UTC Jun 28, 2018 The Uber Visa, launched last fall, may target on-the-go millennials with amazing rewards, such as 4 percent for eating out and 3 percent on airfare. But the odd thing, as with many high-reward credit cards, is that getting approved for one of these Barclays Uber cards isn't a slam dunk for some Generation Y consumers. Many millennials might have the college degree and the new job, but they're held back from some of the more lucrative rewards cards in some cases because they were too cautious about handling credit in college. Yes, really. One young teacher recently shared her credit card rejection letter with me. The reasons were listed: Too few accounts with sufficient satisfactory performance. Insufficient number of credit cards with your credit report. Insufficient credit history on your credit report. Low credit limits on installment trade(s) on your credit … [Read more...] about How to get a credit card when you’ve never had one
Here are five strategies that early stage entrepreneurs can adopt as they begin fundraising for their company. Dana Loberg Published 8:30 am, Thursday, June 14, 2018 Photo: Thomas Barwick | Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Thomas Barwick | Getty Images I Took 400 Meetings With Investors to Get My Startup Funded. Here's What I Learned. 1 / 1 Back to Gallery Yep, you read that headline right -- 400 meetings with investors. As a Silicon Valley entrepreneur who has raised seed and angel money in practically every major U.S. tech hub, I'd like to share a few tips about what I've learned along the way. Related: How to Use Psychology to Get Investors to Close When You Want Them to The first thing you need to know is there are major differences between raising money in New York, San … [Read more...] about I Took 400 Meetings With Investors to Get My Startup Funded. Here’s What I Learned.