There are 309 private companies around the world valued at $1B+ as of 1/18/2019. Collectively these companies are worth as much as $1,085B and have raised a combined total of nearly $261B. Last year, 111 new companies joined the global unicorn club — a 56% increase from the 71 new unicorns in 2017. The unicorns are in 13 categories, from autotech, traveltech, health, fintech, ecommerce, social, cybersecurity, ondemand, internet software services, hardware, edtech, aerospace, renewables, real est...
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You can find many articles on the internet about how to get funding. In fact, you may have even gotten loads of advice on how to get venture capital from business leaders in your community. The one problem, though, is few people tell you what to do with it once you have it. Let's take a look at things startups need to consider once they receive venture backing. Plan your budget wisely Your venture capitalists are going to want an accounting of where you are spending your money. They will expect ...
If you live in a big city, you've probably seen cars with Cars2Go, ZipCar or Turo logos driving around. These brands are part of a fast-growing trend that lets you "rent" a shared car whenever you need it. Whether you're going grocery shopping or getting across town for an interview, using a shared car is a unique alternative to owning (and paying for) your own car. Car sharing is a big win for anyone with an environmental conscience –– just one shared car eliminates the need for up to 20 person...
You're a go-getter. You've spent months, if not years, getting your startup off the ground. If you're like most entrepreneurs, you've done most of it on your own. But, regular tasks like recruitment, hiring, payroll, benefits plans and employee care are slipping away from you, and there's that nagging voice in your head that's telling you that you need some help. Yet, you don't think your startup is quite big enough for an HR (human resources) department. So, what do you do? In this article, we'...
One of the major reasons why people leave their jobs or feel unsatisfied with their current work position is routine. Doing the same thing every day, even if you're good at it, can kill productivity and leaves the person behind the job feeling stuck. Another reason behind the work routine is micromanagement. When you don't trust your employees with empowering tasks, you take away from their confidence. In time, this leads to boredom, a no-creativity work environment and finally, low productivity...
Taking care of your startup's accounting functions in-house can not only be a headache but a time-consuming task that eats up a lot of your resources. Whether it's payroll, accounts payable, accounts receivable, credit card reconciliation, inventory and budget reports, bank reconciliation, or payroll reconciliation, accounting can often be too much for the small startup to handle. How do you know you need help? Here are five signs it's time to outsource accounting. #1: You have no time left for ...
