Archive for September, 2011

Tax Credits for Startups in New York State

As our federal and state government continue to worry about job creation, they're trying their best to promote entrepreneurship.  Our CFO Alex Katz just sent out a memo to our portfolio, attached below, about 2 tax credits available to companies that do business in New York State.
 
For background, we rarely see a CPA come to Read More...

Posted By David Teten Comments Off
On September 27th, 2011

How startups should report financial results

I asked Rick Eaton, CFO of Hashable, to write for you a sanitized version of some of the detailed reports that Hashable provides to its investors (which includes us).  He’s provided below a template for both the cover email and the detailed report.  Rick was previously CFO of our former portfolio company Quigo, sold to Read More...

Posted By David Teten Tags: Comments Off
On September 26th, 2011

Need Site Developer for Ecommerce Site, with Joomla expertise

A company I advise is  looking for a site developer; does anyone have any ideas?
Primary Job Responsibilities
We are looking for a part-time site developer to help migrate a Joomla and Virtuemart-based  Ecommerce site to a new server, and to perform ongoing maintenance and improvement of the site.  We will probably require about 20 hours of Read More...

Posted By David Teten Comments Off
On September 26th, 2011

ER Accelerator Demo Day--10 great companies

This morning, we attended a very high quality demo day hosted by Entrepreneurs Roundtable Accelerator, where ten companies pitched their ideas.  (Disclosure: John Frankel and I are mentors.)  This is the first session of the ER Accelerator, and they did a highly professional job.  The companies were very well-coached, hitting all the necessary points.  Read More...

Posted By David Teten Tags: Comments Off
On September 23rd, 2011

CRM Systems and Private Equity Deal Sourcing

 

 
 
Preqin and LexisNexis Enterprise Solutions just released a report on “CRM Systems and Private Equity Deal Sourcing”, based on a survey of 63 private equity funds.
 
They report that 84% of respondents claim to source over 20% of their opportunities through proprietary deal flow. Based on our research, I think that these respondents are taking Read More...

Posted By David Teten 1 Comment »
On September 22nd, 2011