Tag Archives: Financial Strategy

Investment Returns of Venture Capital vs Greybull Stewardship

Investment returns in venture capital as an asset class have not been good for a long time.  To me, that result is somewhat predictable.  Great investment returns are not going to come from anything where you have to swing for the fences with every investment… Continue reading

Five Forces by Michael Porter — Fundamentals Through Graphics

Five Forces of Competition The five forces of competition concept is one of the most influential in modern business.  It was developed by Michael Porter of the Harvard Business School.  Like all good frameworks, it takes something complicated and provides a simple, shorthand method to… Continue reading

Financial Audit Helpful for Financing, Funding, and Selling Your Business

My first financial audit was intimidating.  My company, Student Advantage, was preparing for its IPO in 1999 and the audit firm, PriceWaterhouseCoopers, needed to audit all of the material entities that had merged with Student Advantage during the prior few years.  My little start-up company,… Continue reading

Restricted Stock Good Alternative to Stock Options — Employee Ownership (a series)

Providing employees an opportunity to have ownership in your company can be a great tool to get alignment with the employees.  Restricted stock is one other tool to reach the Holy Grail of having employees who think like owners [December 9, 2012].  As I wrote… Continue reading

Art of Balance — the Key to Business & Management Success

Balance is key to success, particularly for business owners and leaders who think about an entire organization.  This means: a) the ability to decide where and when to focus on multiple continuums, b) the ability to execute those decisions, and c) the ability to know when to reassess (a… Continue reading

Founder & VC Misalignment More Often Than Thought

The misalignment between vc’s and founders is painfully obvious from the quotes below from the IPO S-1 filing of Applied Medical Corp. (Dan Primack of Fortune did the reporting and should get the credit).  First is the company stating why they are going public (bold emphasis mine). … Continue reading

Kissing a Lot of Frogs: Smaller Companies Must Work to Find Investment Financing

Competitive advantages can both increase and decrease as a business gets larger.  One thing that gets easier for larger companies is attracting business investment and financing.  The chart below from John Paglia at the Pepperdine Business School demonstrates the shortage in capital and investment sources… Continue reading

You Are What You Eat (or Where You Get Your Investment)

“Tell me what you eat, and I will tell you what you are,” said French lawyer and epicure Jean Anthelme Brillat-Savarin.  Similarly, tell me where you got the investment for your business and I will tell you what is in store for your business. Each… Continue reading

Rich vs King? Spoils Go To Business Owners Who Delegate & Share

As is often said around Silicon Valley, “Would you rather be rich or be king?”  I think the rich vs king question is too crass and is aimed narrowly at convincing a founder to bring in senior management to manage a growing enterprise. However, I… Continue reading

Long-term Investment Value the Clif Bar Way

On a plane last week, I read the book Raising the Bar by the founder of Clif Bar, Gary Erickson.  Great book — particularly good at ideas around long-term investment. Erickson wanted to manage his company in a way that was not aligned with traditional… Continue reading