SILVERCAR AND AUDI

Audi Leads $28M Investment In Rental Startup Silvercar

Silvercar, a startup rethinking the auto rental experience in airports, already seems pretty tied to Audi — after all, every vehicle that Silvercar rents out is a silver Audi. Now the companies are deepening that relationship with a $28 million Series C investment.

Audi led the round, with the company’s North American president Scott Keogh joining Silvercar’s board of directors. Silvercar and Audi are also looking beyond airports with a new initiative called the Audi Shared Fleet, where businesses will be able to offer cars to employees on their corporate campuses.

“Silvercar represents not just the future of the car rental industry, but a vision for the future of mobility,” Keogh said in the funding release “We want to utilize the company’s strengths in technology and innovation to merge connectivity and mobility for today’s consumer.”

Silvercar has raised a total of $60 million in funding. Previous investors Austin Ventures and Facebook co-founder Eduardo Saverin also participated in the new round.

The service doesn’t just offer every customer access to the same high-end vehicle. It also streamlines the reservation and payment process, allowing you to make bookings through a mobile app and unlock the car by just scanning a QR code.Writer Ryan Lawler (now sadly departed from TechCrunch) tried the service out three years ago in Dallas-Fort Worth, Silvercar’s very first airport. He came away impressed with “the ease of getting in and out of the airport rental dock,” and he suggested that business travelers, in particular, might be willing to pay a premium to get a better experience. (The exact pricing varies from market to market.)

The company says its business tripled in 2015, and it’s now launching in its twelfth market, Las Vegas, just in time for this week’s Consumer Electronics Show.

FEATURED IMAGE: SILVERCAR

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IN NEED OF

IN NEED OF

I am in immediate need of the following things:

  1. BETA READERS for my fictional writings and novels and (if you wish) the poetry and songs that I intend to publish. I want only brutally honest opinions, and I want a wide range of readers/reader-types. (There will be no pay but I will exchange favors and see to it that you are provided with free copies of the finished works). Confidentiality regarding my writings will be expected of course, and I will restrict my beta readers to maybe 6 to 8 people, but I will treat you right.
  1. A good, decent, hard-working, and ambitious LITERARY AGENT (to match myself).
  1. An EMPLOYEE TEAM for my start-ups. (People to run the businesses, handle marketing, and run day to day operations while I and my partners handle funding and investors, etc.) More on that later.
  1. A TEAM OF BUSINESS BUILDERS/DEVELOPERS AND INVESTORS (start-ups primarily but we may also handle brokerage and turn-arounds on rare occasions) to be put together to found and profit from new business ventures. More on that soon.
  1. PARTNERS to work with me on developing and designing (CAD and prototype designs) my inventions and app designs.
  1. GAME DESIGN PARTNERS who can take the games I’ve designed and/or written and either build physical products out of them or in the case of computer and video games program basic builds that we can use to pitch to game studios.

 

A brief word of explanation on the above:

Beta Readers – I tend to write my fictional works, short stories, and novels in the following genres: children’s stories, detective and mysteries, espionage, fantasy and myth, historical fiction, horror, and science fiction. My current novel is a high fantasy/myth about Prester John and the Byzantine Empire. I tend to insert a lot of historical and literary references into most of my works. I would not expect my Beta Readers to provide me with detailed critiques or edits, though if you wished to do so that’s up to you. I’m really just looking for basic opinions and do you like the plot, stories, works, etc., and do you have any advice for improvements? As I said I’m open to favor exchanges and free copies of my works.

Also, when it comes to my songs I write the lyrics but I have no real time right now for composing. If you are a composer or lyricist and you wish to enter into a song-writing partnership with me then we will split the credits and your contributions and shares of any successful songs will be protected by contract.

Literary Agent – I want a literary agent with a wide range of interests and one with whom I can develop both a professional relationship and a personal friendship. (I much prefer doing business with people I enjoy.) I want a literary agent who is ambitious, as I am, and one who can help me make my writings successful so that we may both profit handsomely.

Employee Team – more on this later but I’m looking for a good employee team as well as a strong, tight, efficient, and profitable team of administrators, managers, and officers.

Business Builder/Investor/Investment Team – more on this later but I need good people from all areas/sections of the country, and possibly members from outside the US, who can look realistically at start-ups and help develop and fund them into successful enterprises. Backgrounds in brokerage, business building and development, communications, entrepreneurship, investment, and deal-making most desired. But we can also look at other backgrounds. Realistically risk will be high, and loss always possible, but profits should be considerable on successful ventures. This will be both a business creation and development and investment team, sort of like an Investment Club but with a far wider range of interests and with more hands on developmental involvement.

Invention Partners – partners in design and prototyping and product development. We’ll start out with my inventions and maybe yours as well and possibly graduate to taking stakes in other inventions and related businesses if the idea seems solid and viable.

Game Design Partners – people who can take my game designs, and your own, and build programs or physical products out of them. Depending on how much you contribute we’ll take profit shares on sales of the games, regardless of whether it is by the game or we sell the designs outright. As with the inventions your work will always be attributed in the design and protected as a share of profit by contract.

Finally you should know that in working with me my very basic and fundamental Worldview is that I am a Christian by religion, spirituality, philosophy, and nature, a Conservative (with some strong Libertarian leanings) in cultural and political and social matters, and a Capitalist when it comes to economics and monetary affairs.

Therefore I am a disciple and proponent of the teachings of Christ (Truth, Justice, Personal Honor, Honesty, and Fair Treatment of all based on individual behavior are extremely important to me, and I tend to like Charity and Philanthropy), God is my mentor and my best friend, I am Conservative in nature and very much believe in Hard Work and Personal Effort and Individual Initiative and Self-Discipline, and I am pro-Business, Development, Entrepreneurship, and Wealth. I also like to see people exploit their own talents and benefit and profit thereby. I set extremely high goals for both myself and others, and I expect much, but think I am fair and just to work with. I do discriminate and unapologetically so, but not regarding matters of background, class, race, or sex. I only discriminate between good and bad behavior, and between industry and laziness. As a boss or partner I will not long endure intentionally bad or destructive or self-destructive or foolish or apathetic behavior. I am not at all bothered by failure if you seek to improve and advance the next time.

If that all sounds fine by you and you are interested in any of these ventures then please contact me via email or by my Facebook or Linked-In pages or through my blogs or other webpages. We’ll begin Work.

THE 20/88 PLAN

THE 20/88 PLAN

Today is the first official day of my Spring Offensive. I had planned to begin yesterday but a back injury prevented my proceeding.

In conjunction with my Spring Offensive I have developed a new Operational Plan for further building both my Businesses (including my inventions) and Careers (as a fiction writer, songwriter, and poet).

The new plan is what I call the 20/88 Plan.

It covers most all of my efforts during my current Spring Offensive. It is very simple in construction and should be simple in execution, though it might also possibly be somewhat time-consuming in execution, at least to an extent, depending on how events actually transpire.

I developed this plan as a result of my experience as a Contacts Broker and a Consultant. Basically it says this,

“Every month I will submit to 20 potential Agents or Contacts who will be able to help me achieve my ambitions. At the same time I will seek 8 Partners to work with me on various projects.”

Since I am basically pursuing Four Basic Fields of Endeavor, or Four Separate Types of Enterprises for my Spring Offensive that will equal twenty agents, new clients, etc. in each field, and two partners for each enterprise.

Four times twenty in each Field of Endeavor equals 80, plus the overall eight partners (two in each Enterprise) equals eight, and added all together equals 88.

Therefore 20 in each Field plus 8 partners equals 88.

If in the first month I fail to secure at least one agent or client or so forth in any given Field of Endeavour or at least one partner in any given Enterprise then I will just move on to the next list of 20 or 2 that I have prepared until I secure worthwhile, productive, and profitable agents or partners.

These are the actual details of my Current 20/88 Plan.

General Fields of Endeavor:

20 Agents Contacted (for my Writings)

20 Publishers Contacted (for my Poetry, Songs, and Writings)

20 New Clients Contacted (for my Business Enterprises and for Open Door)

20 Capital Partners and Investors Contacted (for my Business Enterprises, my Crowdfunding Projects, and my Design and Inventions Laboratory)

Enterprise Partners:

2 Songwriting Partners (composers primarily, since I am primarily a lyricist)

2 Publishing Partners (for my books and writings)

2 Business Partners

2 Major Capital or Investment Partners

MARK CUBAN’S ADVICE

Simplistic, yet very sound and useful advice.

Mark Cuban’s 3 fundamental rules for running a business

Mark Cuban is the billionaire investor best known for his roles as a “Shark” and the owner of the Dallas Mavericks.

Throughout his career, he’s made over 120 investments, from large companies like Landmark Theatres to startups on “Shark Tank.”

For all of the businesses he’s been a part of, he’s developed a set of “rules that have been almost infallible,” he writes in his 2013 book “How to Win at the Sport of Business.”

We’ve summarized the three he’s used “religiously.”

1. Understand the difference between adding value and benefiting from a bull market.

In the same way that some stock market investors think they’re geniuses when they keep picking stocks that go up, failing to acknowledge that all stocks are doing the same thing, Cuban says entrepreneurs can fail to recognize that a good deal of their success is due to a fad or trend.

“There is nothing wrong with going along for the ride and making money at it, but it will catch up with you if you lie to yourself and give yourself credit for the ride,” he writes.

Cuban says that he saw this happen with professional sports leagues in the aughts. He says that many team owners became enamored with rising revenues from television rights deals, crediting it to their own “brilliance.” He says, however, that he and his Mavericks partners recognized that revenues were actually rising due to competition among cable and satellite providers. Cuban couldn’t become complacent.

“It’s a bigger challenge to recognize that the bull market may end and our programming needs to be of sufficient value to our customers and viewers for it to maintain or continue to increase in value,” he writes.

2. Win the battles you’re in before moving onto new ones.

Cuban writes that he had a chance to take Landmark Theatres international but that any time spent on developing a global presence was time not spent growing its national presence, and so he decided against it.

“You do not have unlimited time and/or attention,” he writes. “You may work 24 hours a day, but those 24 hours spent winning your core business will pay off far more. It might cost you some longer-term upside, but it will allow you to be the best business you can be.”

3. Don’t drown in opportunity.

“If you are adding new things when your core businesses are struggling rather than facing the challenge, you are either running away or giving up,” Cuban writes. “Rarely is either good for a business.”

Melissa Carbone, president of horror attraction company Ten Thirty One Productions, tells Business Insider that after the $2 million deal she made with Cuban on “Shark Tank” went public, she was flooded with partnership and investment offers, some of which were quite attractive.

Cuban told her to take a step back and not let emotions make her impulsive. She says she still hears Cuban’s voice in her head reminding her, “Don’t drown in opportunity.”

THE LETTER

I have read Buffett’s books as well as several books about/with/sponsored by Buffet, including The Intelligent Investor. Which I have in my personal business and consulting library.

I do not consider Buffett either that brilliant, or that great of a man, except when it comes to investing. When it comes to investing and how to maximize the inherent capacities of any given business he supports he can be, and is indeed, far more often than not, quite incredibly brilliant.

Therefore I found the letter Bill Gates spoke about in the article quite interesting. I downloaded a .pdf copy to study.

Bill Gates recommends you read this specific part of Warren Buffett’s letter

warren buffett bill gates ping pongREUTERS/Rick Wilking Buffett and Gates.

Bill Gates is a big Warren Buffett fan.

Gates’ charity, the Bill & Melinda Gates Foundation, was gifted shares of Buffett’s Berkshire Hathaway, worth almost $30 billion back in 2006, and Buffett serves as a trustee of the foundation.

In a tweet on Tuesday morning, Gates highlighted what he thought was the most important section of Buffett’s latest letter to shareholders, the 50th edition of the widely circulated missive.

Gates links to page 23 of the letter, where Buffett walks through the earliest days of Berkshire (as well as the “monumentally stupid” decision Buffett made over $0.125 back in 1964).

In a YouTube video posted Sunday, Gates talked a bit about why he liked this passage from the letter so much — it’s about the history of Buffett the investor and Berkshire the company.

In the video, Gates says what works about what he calls the “Berkshire system” is that it maximizes the potential of businesses by giving them autonomy as well as the explicit support of the whole Berkshire organization, even if mistakes are made.

Gates added: “What really struck me this time about the letter was the value of experience. [Buffett] is better today than ever because he’s seen so many businesses and he understands business profitability so incredibly well.” Gates says this is the most important annual letter Buffett has ever written.

Read Buffett’s full letter here »

A VALIANT EFFORT

I have to admit that if I were Valiant comics, and given Valiant’s roster of characters, having a Chinese entertainment company as a capital and marketing/production partner would probably seem like a near ideal arrangement.

 

Valiant Comics Plans to Launch Its Own ‘Cinematic Universe’

By

Fear not: There will be no shortage of comic-book movies in years to come, even if DC and Marvel give up on constantly rebooting Batman and Spider-Man. The independent comic-book publisher Valiant Entertainment has secured an eight-figure equity investment from Beijing-based DMG Entertainment, plus an additional nine figures for the production of film and TV projects. The publisher has a library of 2,000 characters, including X-O Manowar and Harbinger, and films based on the titles Bloodshot, Shadowman, and Archer & Armstrong were already in the works. Valiant says its partnership with DMG — which co-produced and co-financed Iron Man 3 — will allow it to “begin to establish its cinematic universe in the United States, China and beyond.”

The two companies plan to develop more superhero films for simultaneous release in the U.S. and China, and to expand Valiant’s Asian audience via Chinese-language publishing, animation, online games, merchandise, and theme parks.

“Audiences in China and the rest of the world are hungry for heroic stories that they can more easily relate to … and with the international box office accounting for the biggest piece of the total gross, the time is right for a truly international superhero franchise,” said DMG President Wu Bing in a press release. “DMG will bring its unique global perspective to the task of transforming the Valiant Universe into the first international comic-movie universe.”

 

NO MAN IS A CHAMILLIONAIRE UNLESS HE WANTS TO BE

I don’t know this guy from Adam, and I don’t care much for modern rap. But I will say this, many rappers (not all, but many) seem to have a good eye for business and turn out to be excellent entrepreneurs. So it is no surprise to me at all that they would turn their attention to or be involved in Capital Ventures and Start-Up operations.

So I say let the boy run as far as he can run, and Godspeed to his ventures.  Hope they are enormously successful.

And I fully and definitely agree with this sentiment on the part of the author of this article: No man should restrict himself to a single venture when he could master many.

 

Chamillionaire Is Now An Entrepreneur In Residence at a Venture Capital Firm

In a letter penned by VC Mark Suster explaining the head-turning week he’s had at Upfront Ventures in Los Angeles, he explains the presence of a new face around the office: Chamillionaire. The same Chamillionaire who was showing us how to get our respective shines on not a decade ago. But if Kanye has taught us anything, it’s that we can find success in multiple creative outlets. In the past five years or so, Cham has been quietly but actively involved in the tech startup scene, from speaking on social media engagement in the music industry to hanging out with Y Combinator associates.

He’s also been making some investments himself. He was one of the earliest investors in Maker Studios, an online video network founded in 2009 and sold to Disney for $500 million last year. The firm he’s currently hanging with and advising, Upfront Ventures, has a vast portfolio that includes some acquired startups such as Bill Me Later (Rick Ross may or may not have been referring to this method of monetary transaction on his verse for Nicki Minaj’s “I Am Your Leader”). Suffice it to say that Chamillionaire has transcended the days when he explained on YouTube how Michael Jordan sonned him, or maybe that was just an early example of his Internet savvy and ability to manipulate viral stories and plant social media engagement. At any rate, in a world in which Internet entrepreneurs like Ben Horowitz make business decisions through the inspiration of rap songs, it’s not surprising to see that we now have rappers getting their own piece of the pie.

We can all agree that Chamillionaire should be given a platform to speak at the next TechCrunch Disrupt conference.

 

 

WORKS IN PROGRESS

For the rest of this week I will not be posting any original content to this blog or any of my blogs. Recently, due to my work schedule and other obligations, I have had very little time to work on the overall construction and the technical aspects of my blog(s). I had planned to complete those aspects of my blogs long ago but other things kept interfering.

So this week I have decided to spend the entire week finishing my originally conceived construction-plans of my blogs to make it easier for new business partners, business writers, inventors, investors, manufacturers, and venture capitalists to find me and to communicate and work with me.

To that end I will spend the rest of the week finishing my original plans and retooling this site.

As I said, as it stands now I plan to add no more original content this week so as to finally finish my original designs without interruption or any more delays.

However you can still find a great deal of useful content in the various Categories already present on this blog, and on the Categories of all of my other blogs. Just pick the categories that interest you and browse at will. Uncategorized will allow you to find everything.

I will also be sharing useful articles, content, and posts I find on other sites as I run across them and time allows. But most of my time this week will be spent on blog development.

Thank you for being a Reader and Follower of my blogs, I appreciate your patronage and hope you find my blogs enjoyable, entertaining, and most especially, useful.

ENTREPRENEURIAL CREDIBILITY

How to Build Credibility as a Young Entrepreneur
Selena Rezvani , Contributor

Any entrepreneur will tell you that startup life is not for the easily daunted. Rejection, product failures, and isolation are just a few of the tests that many entrepreneurs are put through on a routine basis. Add youth and inexperience to the list of things working against you—and you can see how a startup can seem like nothing but a harsh, uphill endeavor. Luckily, entrepreneurs tend to be more optimistic than other workers, a factor that keeps them pitching to prospects and looking for ways to prove their value.

As I gather my thoughts for a panel tomorrow on how to build credibility as a young entrepreneur, I’ve been reflecting on what has helped my partners and clients say “Yes” to the diversity consulting and training pitches I’ve put in front of them over the last five years. Mind you, even if it’s not your age that presents a credibility issue, some other factor (industry experience, knowledge of a certain product type, geographic reach) may put you or your business in an ‘underdog’ position.

Here are my top strategies for proving your worth, regardless of your age, experience level or other factors you’re being judged on:

Identify What’s Sacred To Your Customer: What quickens the pulse of the group you’re pitching to? What most excites them or eludes them regardless of their efforts? In my case, a focus on amassing lots of cutting-edge inclusion best practices and focusing on Gen X and Y women helped turn pitch meetings into signed contracts. Additionally, tying innovation payoffs to diversity efforts more often than not grabbed clients’ interest. Still, what ‘did the trick’ last year for many entrepreneurs won’t necessarily pay off now. Who can inform you about what this group cares about most now? What groups and discussions are they participating in on LinkedIn? What types of events or publications do they promote and with what angle?

Don’t Wait To Go After Whales: As a new entrepreneur, I pitched to top business programs around the nation to train their students on the lessons in my first book, The Next Generation of Women Leaders. Plenty of deans and career offices didn’t respond. But thanks to casting a big net, plenty of people said “Yes.” To my sheer delight—and admittedly, terror—the first client to invite me to speak was Harvard University. That wonderful opportunity served as an instrumental “door opener” for future pitches, helping me get into Princeton, London Business School, Duke and inside many large organizations. As a new entity, many people will advise you to start small or go after the “low hanging fruit.” Don’t. Aim high.

Borrow Credibility Where Needed: Many a deal has been closed thanks to a warm introduction being made early on. When a trusted professional enthusiastically introduces you to a corporate insider, you’re getting an endorsement, and therefore a chance, that others won’t. Even if you don’t have deep relationships inside the company, go through the exercise of asking yourself who in your network could act as a strategic partner or co-creator of a compelling pitch. Your partner may have age and experience you don’t, a value added service, a Fortune 500 company on their resume, or experience in a key area that you lack. I have personally benefitted from partnership and found repeatedly that two minds were better than one, especially in client meetings.

Forecast Future Success: Even if the vision for Year 3 of your business depends heavily on performance in Year 1 and 2, have a clear path forward to share with your clients. The fact that you may be adjusting your plans minute to minute is not going to be compelling to decision makers. In a large bid that a partner and I made and won, one of the last questions we were grilled on was, “Where do you see yourself making an impact in 3-4 years?” We had a ready answer about an exciting area of research we wanted to spearhead and how we’d devise services around our learning. How can you look ahead and create a vision for the future? Your prospect may not be looking for total certainty, but they need to know you have a strategy with future mile markers of value.

More than anything, if you want to get hired, you need to promote trust. Are you creating certainty that you’ll deliver ably on what you’re selling? Even more important, are you demonstrating to prospects that if you take a wrong step or a crisis erupts on their end, that you’ll have the kind of smarts and agility to correct your course of action or manage the change?

What has worked for you to build credibility? Would do you think that young entrepreneurs need to know most?

Selena Rezvani is a women’s leadership speaker, workplace consultant, and author of Pushback: How Smart Women Ask–and Stand Up–for What They Want. Connect with her at nextgenwomen.com and @SelenaRezvani on Twitter.

THE NEW DISPENSATION

I recently ordered new business cards in order to split off my personal writings (my fiction and my other non-business or non-client writings, such as general non-fiction, poetry, songwriting, etc.) from Open Door and my other business ventures.

Now I have two separate cards, one identifying me as an author and writer, the other for Open Door in my corporate colors. This seems to work a lot better and I suspect it will work better for the foreseeable future as well. I can now, therefore, run my Businesses and Careers as separate ventures, parallel but not overlapping.

I am still debating whether to branch off my Designs and Inventions from Open Door as an entirely separate division. That will be my next decision and step. That will be a decision primarily regarding Capital and Fund-raising. If so I will need to incorporate each division.

Also, in order to keep a steady supply of both sets of cards on hand and to meet the new demand I dispensed with my business card holders altogether and instead bought a wallet just to hold my new cards.

This also works much better.

THE BIG LIST

Adding to my list of Venture Capital and Investment firms that I need to contact to fund some of my business ideas, inventions, and projects.

THE NOVEL START UP

He’s absolutely right. You shouldn’t just market and “get on people’s radar” after you fund and start operations, you should do that to get funded and to start operations. As a matter of fact you should market continuously and at all times.

Richard Branson on How to Raise Money When You’re Just Starting Out

December 15, 2014

Editor’s Note: Entrepreneur Richard Branson regularly shares his business experience and advice with readers. Ask him a question and your query might be the inspiration for a future column.

Q.: G’day Richard. I am a young engineering student with little to no practical experience as an entrepreneur. I think I’ve got a great idea, a ready and capable team, but have little money to pursue commercializing my novel product. I fear that potential investors will not take me seriously because of my age (21) and inexperience. How can I convince seasoned investors to believe in my team and invest in my idea? — Jordan Gruber, Australia

My friends and I came up with the name “Virgin” one day when we were 15 years old, sitting around in a basement. I was keen on the name “Slipped Disc” for our new music venture, but then one of my friends pointed out that when it came to business, “we’re all virgins; why don’t we call it that?” In our case, inexperience proved to be a huge asset — if we’d gone with the safer option, I’m not sure that many people would be working out at Slipped Disc Health Clubs or banking at Slipped Disc Money!

Innovation and entrepreneurship thrive on the energy of people who are dipping their toes into the water for the first time. Budding entrepreneurs with fresh outlooks have the freedom to think quite differently, which is tremendously exciting to potential collaborators. However, as you’re finding out, Jordan, translating a new concept into a product can be very daunting.

While you might not yet have the right connections or an “in” with major investors, other people out there do — experienced businesspeople, in your sector or in others, who were once in your shoes and went on to be successful. These people are potential mentors who can help you on your way.

Mentoring is a subject that is very close to our hearts at Virgin; I myself have benefited from many mentors throughout my life. However, don’t consider mentoring as a quick way to gain useful contacts. A good mentoring relationship is based on more than that — it’s a way to learn valuable lessons from the mistakes someone else has made.

Additionally, I noticed in your message an emphasis on convincing “seasoned investors” to back your idea. While securing huge sums of money from major business figures might seem like the ideal way to propel a business forward, the reality is that very few ventures win this kind of funding. A better alternative might be an online crowdfunding platform. Websites such as Indiegogo not only have the potential to fund the creation of a prototype to get your business up and running, but they also can result in significant publicity.

Another option is taking out a small business loan. In the U.K. we launched Virgin StartUp, a program that provides loans of up to 25,000 pounds to companies trying to get their ideas off the ground. It is well worth your time to look into similar initiatives in your area, and decide whether a loan is the right step for you. As an added benefit, both crowdfunding and small business loans will mean that you can retain full ownership of your business — you won’t have to give any equity away to investors.

Here are three steps that can help you discover which approach is best for you:

1. EVALUATE AND RESEARCH.

Always be honest with yourself about your abilities, the work you’ll have to put in to get your company up and running, and the amount of money you’re hoping to raise. Research all the options that are available, and evaluate how they would affect your end goal.

Ask yourself: Is your crowdfunding target realistic? How much of a stake in your business are you willing to give to potential investors?

And if you want to find a mentor who can help give you direction and guidance, make sure you find a suitable one. Find out what they do, whether they’ve mentored others before and which sectors they are interested in.

2. GET ON PEOPLE’S RADAR.

Attend industry events such as seminars and conferences. Talk to as many people as possible, and do not immediately launch into a pitch of your product. Be sure to listen and learn from what people have to say.

Networking doesn’t stop at face-to-face contact, either; interact on social media, join LinkedIn groups and keep the relationships going online. When you do approach potential mentors or investors, or if you launch a crowdfunding campaign, you’ll have a degree of visibility.

In fact, the more proactive you are in building your profile, the more likely it is that potential investors will feel confident enough to put their faith in you — and their money in your company. Remember that the more relationships you build, the better the chances that your network will put you in touch with the people who can help your business.

3. KEEP AN OPEN MIND.

Remember to be flexible. While winning investment might look like the best option now, don’t discount any other opportunities that come your way. For example, crowdfunding might not have the prestige of an investment from a big-time entrepreneur, but it will connect you directly with future customers, and you will have more control over the process.

Keeping an open mind is especially important when it comes to mentoring. Don’t see mentorship as a quick fix for problems, and do not brush off advice. Consider your connection with a mentor as a long-lasting business relationship that can teach you lessons and reduce the potential for failure. But also remember that, as with anything else, you’ll get out of mentoring what you put in.

Making sure that your potential business is a success is not contingent upon gaining a large investment. Many successful companies — including Virgin — started with modest funds. Right now, investors might seem like they are the gatekeepers between you and your dream, but the one person who can make your business succeed is not an investor, or even a mentor. It is you.

Good luck!
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Isuama Kennedy
Isuama Kennedy from Facebook8 hours ago

the one person who will make your business to succeed is not an investor or your mentor but YOU
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Meg Columbia Walsh
Meg Columbia Walsh from Facebook9 hours ago

Great Mr. Branson, then tell me a time to pitch my business that is doing well!!! Woman and gay owned…
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Silvia Khouzame
Silvia Khouzame from Facebook12 hours ago

Natalie Khouzame
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Samantha Binetter
Samantha Binetter from Facebook17 hours ago

Robbie Binetter
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Chandé Dusina
Chandé Dusina from Facebook20 hours ago

Nick Timmer
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Maria Petromanolakis
Maria Petromanolakis21 hours ago

Thank you very much Sir Branson!
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Alexandra Ferrer
Alexandra Ferrer from Facebook2 days ago

Thomas Caldwell
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Ryan Poh
Ryan Poh from Facebook2 days ago

Nitin Ahuja
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Duc Hoang
Duc Hoang from Facebook2 days ago

one story for strategy 😀
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Peachy Keen
Peachy Keen from Facebook2 days ago

Wont work in the south. These old geezers aren’t giving up their money unless its for an oil well!
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Kiều Công Bình
Kiều Công Bình from Facebook2 days ago

Duc Hoang Nguyễn Trung Kiên 😀
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Jason Lobo Sedillo
Jason Lobo Sedillo from Facebook2 days ago

Great insight
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stephen hardacre
stephen hardacre 2 days ago

O.K. THE RICHSTER DID YOU EVER WATCH JERRY MCGUIRE WELL RUMOUR HAS IT THAT IT WAS FICTIONAL CERTAIN GUYS ARE SAYING THAT IT IS ABOUT THEM BUT WHAT I AM ABOUT TO ACHIEVE IS REAL TIME AND WHILE I AM AT IT THE PLAN IS TO BRING THE CRIME RATE DOWN IN MY ALREADY ROUGH AS TOAST AREA YOU SEE IT IS NOT BRAINS I NEED IT IS BRAWN AND A FIGHTING HEART BASICALLY I WONT THE KIDS WHO THE TEACHERS SAY HAVE NO HOPE AND I WAS AND LIVE IN THE COMMUNITY ALL MY LIFE I KNOW THE KIDS THAT ARE DESTINED FOR A LIFE OF CRIME AS I WAS BROUGHT UP WITH THEIR PARENTS THE ONLY REASON THEY GO TO CRIME IS BECAUSE THEY ARE AT THE BOTTOM OF THE BARREL JUST BECAUSE THEIR PARENTS ARE A WEE TAD ROTTEN BUT THAT COMES HAND IN HAND WITH BEING POOR IT DOES NOT MEAN WE HAVE TO STEER CLEAR OF THESE FUTURE CRIMINALS AND THATS THE WAY IT IS I HAVE NOT “THROWN A BEVVY ON IT ” THAT IS HOW IT IS THE PLAN IS TO PAY THEM WHAT I CALL A ” WOW WAGE ” BEYOND THEIR WILDEST DREAMS AND HOPEFULLY THEY CAN LOOK AFTER THERE WAYWARD PARENTS AND HOPEFULLY THEY CAN CHANNEL THEIR KNOWLEDGE FOR ME THIS IS WHERE THE DIAMONDS ARE IN THE DIRT PEOPLE SAY I AM CRAZY BUT AS IT SO HAPPENS IT WOULD BE A SIN NOT TO PUSH FOR IT WITH THE FORWARD MOMENTUM I FEEL AROUND ME last but not least i must say it when i was a kid”I USED TO WANT TO BE YOU BUT I DON’T NO MORE I WANNA BE ME “IF YOU GET TO THIS WEE MESSAGE THINK OF US AND YOU WILL GET INTO HEAVEN THANKS

THE GAMECHANGER
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JDGO
JDGO 2 days ago

Great advise sir,
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RadoslavVujaklija
RadoslavVujaklija 2 days ago

Yeah kick it sir Branson!!!
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ELON’S LOSS

​Elon Musk Lost About $1 Billion In Two Weeks

​Elon Musk Lost About $1 Billion In Two Weeks123456

Low oil prices and cheap gas are cutting into the demand for electric cars and solar power, if analysts are to be believed. That’s no good if you’re the largest shareholder of Tesla and SolarCity, and some back of the napkin math says Musk’s pocket is about $1 billion lighter.
7

Musk owns over 28 million shares in Tesla, which peaked at around $284 in September and is now floating around $200 today. He also owns almost 21 million shares of Solar City, which topped out in February at $86 and is trading today at just over $50.89

According to Marketwatch:

On Nov. 26, the day before a decision by the Organization of the Petroleum Exporting Countries to stand pat on production suggested the group preferred to defend its market share than try to support prices by cutting output, Musk’s combined Tesla and SolarCity holdings were valued at around $8.2 billion. They are now more like $7 billion.

Since that OPEC meeting, Tesla shares declined 16 percent and Solar City dropped by 11 percent, and it’s even lower now. But really, what’s a few hundred million between billionaires?10

THE MARRIAGE OF OUR BETTER INTERESTS

Why Choosing A VC Is Like Choosing A Spouse

What to consider before you put a ring on it

Committing to a relationship with a VC is committing to the long-term. In romantic terms, it’s a marriage, not a casual drink or weekend getaway. In fact, venture capital/startup relationships last just as long as most marriages — around 7 or 8 years — and can be just as emotionally taxing.

Entrepreneurs often struggle to feel confident when they are presenting to VCs. Pitching your startup can be as nerve-wracking as waiting at the bar for a blind date, and what VCs want can seem as mysterious as members of the opposite sex. Entrepreneurs are reluctant to ask important questions because they are afraid of scaring the potential partner away, but the answers to those questions could seriously impact the happiness and fruitfulness of your “life” together. Startup life means there are a lot of ups and downs, but the downs don’t mean you should settle for a ‘safe’ VC choice. Everybody deserves somebody. As with significant others, you want someone who sees the unique positives in you, not the generic negatives.

What VCs care most about is how much their investment will be worth, or equity value. This leads to the question facing all entrepreneurs — how do you build equity value? Revenue is a metric (and an important one), but not the metric. Other factors include market leadership, unique IP/capabilities, disruption in a big market, and an A+ technology team. The right “fit” isn’t the same for everyone. What works for one person or startup may not work for another. Here are 5 things to consider before entering the bonds of venture capital funding.

1. Know your value as a partner

As the philosopher Beyonce says, “If you like it, then you should have put a ring on it.” A great start to a marriage or partnership of any kind is when both sides feel they lucked out and are excited about the commitment. Find someone who appreciates the potential of your business and what you have to offer. As a founder, you are giving away your most prized asset — your equity. The VCs are buying a piece of a company that they believe has value. It is important to remember your self-worth and your company’s value before you embark upon a relationship . This is a much more compelling approach than “I hope someone gives me money,” because desperation doesn’t look good on anybody.

It is also important not to have baggage walking into the partnership. Plenty of entrepreneurs play hard to get in the beginning, but as soon as you commit, the games should be over. You don’t want to spend years explaining or justifying yourself. A strong relationship means being honest and appreciative of each other. This also means it is important to be on the same page about terms, so everyone feels they got a fair deal. For example, Carbonite really loved working with us at Menlo Ventures because the investment was fair on both sides and we said ‘I do’ with a clean slate. In a strong VC-startup relationship, both parties want the other to succeed. Mutual respect and excitement should come before a ring.

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MONEY AND POWER 101

As a child my parents taught me almost nothing at all about money. (Other than earn and save it.) Despite the fact that my father was a successful tool and die maker, an inventor, and had owned and sold his business (at a nice profit) I nevertheless received a very scant education in money matters.

I remember many times, seeing my parents doing their taxes and asking them, “teach me about taxes, teach me about money, and how this works.”

They always basically told me, “You’re a child, you don’t need to worry about this right now, you’ll learn about this when you grow up – on your own.”

I guess that was simply the Weltanschauung of their generation and age. It is, however, not mine.

Because of that when I entered college, and for the rest of my life, I have been learning about business, capital, Capitalism, economics, finance, investment, money, and all other related money-matters. Money is a big part of my Personal-Education Plan (PEP Program), and my self developed IEA (Individual Education Account).

When I first got married I realized pretty quickly that my wife had no idea about money, how it operated, or why it worked as it did. She, likewise, had little to no real education on money matters from her parents either.

Determined not to let financial ignorance and bad money management work against her, me, our marriage, or in the lives of my children I have developed Economic and Monetary Educational Materials to use for their instructional benefit. Since I homeschooled my children for their entire primary educational period (pre-college) I made sure to incorporate both basic and advanced course materials on budgeting, business, Capitalism, career, economics, entrepreneurship, finances, investment, profit, etc. I also make sure they practice what they learn. Both are far better at money matters than I was at their age.

I am to the point now that regardless of what happens to me I feel confident that they are in possession of enough useful materials, and have been trained and habituated in such a way as to assure they will be successful in their own businesses, careers, and with money.

Below you will find a very basic summary of the most fundamental things I have taught them concerning money. They are well advanced beyond these simple ideas, but, in starting any venture it is always necessary to begin with the fundamentals. Often, over the course of time, it is necessary to return to the fundamentals as well.

Beneath the section on Money and Power 101 is a short document I developed regarding the Hoards I believe each person should develop over their lifetimes and how to employ and use these Hoards.

This “List of Hoards” is hardly exhaustive, but it does include most of the Hoards I consider most basic, except for the Word Hoard. Which technically could be a part of your Charisma Hoard, but really I consider a person’s language, linguistic, and vocabulary (Word) hoards to be an entirely separate set of treasures.

I offer these posts in the hopes that they may assist you, especially if you are just starting out in the world, to master your own Money and to develop the Hoards that you will find most useful.

I do not insist you necessarily agree with my definitions, but I do urge you to make your own studies of Money and the Power it engenders, I do urge you to master Money (rather than be mastered by it, wither as a poverty-stricken person or as a wealthy person), and I do urge you to develop and grow your own Hoards.

You will thank yourself for such efforts later on in life, and very likely the world will thank you for having made such efforts.

Comments are welcome.

____________________

MONEY AND POWER 101

MONEY is the financial power to do as you need and wish in the world. The more money your have the more power you have, the less money you have the less power you have.

SURPLUS is the amount of anything you have in excess to your actual or current needs. Your surplus should always be as great as possible of imperishable items.

PROFIT is the amount of money earned or generated in excess of expenditures.

INSURANCE is a money pool set aside for emergencies. If possible it is best to self-insure.

TAXES are the amount of money lost or exhausted to an individual by being seized by the government.

EARNINGS are the amount of money you generate for yourself through various actions of Work. Earnings are divided into three separate subcategories.

Income is the total amount of earnings one generates through all earnings sources. Originally it was that income (come-in) generated by investments.

Investments is the amount of earnings generated by whatever vehicles one is invested (vested) in. Investments are earnings or income vehicles generated by Risk.

Salaries or Wages is the amount of earnings generated by working for or laboring for others paid in the form of salary or wages. (Time or Work for money.)

SAVINGS – the amount of money already earned but not invested or spent but retained for long term goals or for emergencies.

EXPENDITURES – all monies spent to buy or pay for non-income producing items or services

Bills and Living Expenses – those monies paid to creditors or service providers for goods and services purchased. Bills and Living Expenses are monies lost to others.

Necessities – those monies expended for all goods and services of a necessary nature: food, shelter, power, necessary maintenance, etc.

Emergencies – those monies expended for emergencies and immediately unforeseen expenses, such as medical bills and repairs.

Entertainment – those mines expended for entertainment, recreation, etc.

GIVING – all monies given to the care and well-being of others to service their needs, also any resources given to others for their support.

Charity – giving to Church and/or Charitable causes with the intention of supporting the long term needs of an individual or an organization.

Philanthropy – giving to humane and other causes with the intent of addressing or solving specific needs or problems or projects. For instance one might found or support a philanthropic enterprise to support literacy, to build a hospital, to fund a scholarship, etc.

PREPARATION – always keep your money growing, in motion, invested, and in use for worthwhile things. Always plan as far ahead as possible regarding expenditures to be made. Always have accurate and complete information about all aspect s of your money and how it will be used.

RISK – all enterprises require risk. Risk is the amount of danger required to service a worthwhile enterprise or investment relative to the potential reward or Return on Investment (ROI) the enterprise or investment will generate (in the case of business, financial, and monetary activity). Generally speaking the higher the risk the greater the return or reward, and the lower the risk the lower the return or reward. However measures should always be taken to favorably mitigate risk as much as possible.

REWARD – is the amount of gain generated by the successful conclusion or progress of a worthwhile Risk. Another term that is synonymous with reward in financial and monetary matters is Return on Investment, which is a measure of gain generated by risk relative to the danger of initial loss of the initial loss of the investment.

MONEY – having more than enough money needed to meet all of your needs and the needs of others should make you happy. Making money should make you happy, and having a large surplus of money should be associated with pleasant thoughts and feelings and with security. Money is a personal, physical, financial, economic, psychological, social, and spiritual force, or power, and should be treated and employed as such. Money should not master a man, either by having too little, or by being consumed and over-powered by it. Money is a servant, not a Lord.

CAPITALISM – is that form of economic activity, or that system of economics, that seeks to build and generate Capital Pools, or reserves of money, that can thereafter be employed to build businesses, funneled into investments, grow and expand enterprises, etc. and thereby generate even more Capital and ever larger reserves of Profits. Capitalism depends on the fact that money is constantly invested and employed and that new ventures and enterprises are continually started and grown so as to continually create New Wealth. Capitalism also depends heavily upon Free and Unfettered Markets.

 

____________________

THE HOARDS

ACTIVE HOARDS

Always make ongoing use of and constantly develop your hoards for an unused hoard is useless and an undeveloped hoard has no value.

 

ABILITY HOARD – every ability, capability, skill, and talent that a person possesses and develops in life

ACHIEVEMENT HOARD – every good and worthwhile achievement or enterprise that a person ever accomplishes

CHARISMA HOARD – all beneficial influence and powers of persuasion an individual possesses to sway others to participate in worthwhile endeavors

CHARITY AND PHILANTHROPY HOARD – all charitable and philanthropic works that one engages in to assist others

CREATION AND WORK HOARD – everything of value that a person creates, and all of the valuable Work that one ever does over the course of life.

ESTATE AND LAND HOARD – all estates, lands, and real properties that one owns or controls

INVESTMENT HOARD – all good and profitable investments that a person is engaged in or is participating in

RELATIONSHIP HOARD – all beneficial relationships which an individual may rely upon for advancement, comfort, friendship, and support

TREASURE HOARD – all objects, things, or possessions that are of economic, monetary, and physical value

VIRTUE HOARD – all of the Virtues that a person possesses and can command within his person

BLESSINGS, HEIRLOOMS, LEGACIES, AND INHERITANCE – all of the blessings, heirlooms, legacies, and inheritances passed down by one individual or one generation to another

OPEN DOOR INC.

Tonight, now that everything is settled I’m going to order my new literary business cards. The ones declaring me as a fiction writer.

Next week after thinking on the designs awhile I’ll order my cards as a game designer.

At the same time I’ll order my new business cards but first I’m going to rearrange the way I intend to incorporate the business.

This is my intention at this point:

Open Door, Inc.

It will consist of three separate divisions.

Brokerage and Consulting – I used to be both a business and private offerings Broker and a Consultant and want to do both again, if only in a limited capacity. Plus the Funding and Venture Capital contacts will do me a lot of good.

Communications – which is what already exists between my wife and myself, with me as the writer and her as the speaker.

Designs – which will consist of my designs and inventions, and will cover my scientific and technological ventures, and when I can get the funding for it settled, the Museus (my hopefully joint-venture inventions laboratory with the state of SC).

Once all three divisions are up and running properly and have grown to a significant degree I will withdraw from Brokerage and Consulting (except as an adviser and board member) and Communications (handing that over to my wife to run) and thereafter I will concentrate only upon the Design division, helping to run the Museus, and working my inventions, and writing fiction, poetry, non-fiction, songs, etc.

THE NEW START UP CLUB

  The $5 Billion Startup Club: The 9 Highest Valued Startups That You Should Definitely Keep An Eye On

dollar billsMark Wilson/Getty ImagesBillions of dollars are flowing into these startups.

There used to be a time when a $1 billion valuation was considered a massive success for tech startups.

But in recent years, there’s been so many of them that billion-dollar valuations are almost starting to feel routine in tech.

So we’ve raised the bar and narrowed down WSJ’s “The Billion-Dollar Startup Club” list to companies that are valued at more than $5 billion.

These startups are transforming our lives and they’re definitely worth keeping an eye on moving forward.

WHAT SHOULD BE, AND WHAT ACTUALLY IS…

What the Federal government can and should and must do if it is to survive, (and frankly I don’t care if it does) and to encourage Capitalism, Free Enterprise, and the Building of Wealth among American Citizens:

1. Lower Rates of Taxation, at both the Corporate and Individual Levels, and abolish many forms of taxation, such as Social Security taxes, institute a fair tax or consumption tax, and thereafter encourage the development of just and beneficial allodial and fee-free tax systems.

2. Abolish much of government.

3. Spend far less on government.

4. Assist in educating Private Citizens and the entire Society on the advantages of Capitalism, Free Enterprise, Private Industry and Individual Wealth Building, and how these things are actually accomplished (versus the socialistic and communistic principles now being taught as pseudo-science and distorted macro-economics in Federally supported public schools and universities).

5. Abolish many forms of regulation, and severely curtail many other forms of regulation to the lowest possible level in order to still maintain acceptable safety protocols, as well as abolishing subsidies to industry.

6. Eradicate Social Security and all others forms of failed socialistic economic policies and instead replace these with tax incentives and education programs to encourage and develop individual savings and investment and insurance accounts.

7. Abolish Public Education at the Federal level.

8. Return the Federal government to its necessary and very limited functions. Acknowledge and eradicate its numerous and unnecessary losses, rather than encouraging and subsidizing constant and continual states of failure.

9. Employ far fewer people at far less pay and benefits (especially at the Congressional, Court, and Administrative levels), see itself as a Service Oriented and temporary Career or Profession, rather than as a permanent and fixed political class (America should be political-class-free) and a personal benefits industry and life-long occupation. Government is not a “calling,” service in government is a calling. But government is not, and should never be, a life-long enterprise. It is public service, not life-long employment at Public Expense. Americans are not Imperial-era Romans, and neither should we be run like a Third World Banana Republic. To this end it is also extremely necessary to institute Tort and Court reform.

10. Actually become Pro Business, Capitalism, Free Enterprise, Industry, and Private Wealth Creation, as well as becoming Self-Limited and self-limiting, and self-disciplined.
What the Federal Government actually does:

1. Seeks any and every opportunity to raise tax rates and to increase the bureaucratic tax burden.

2. Seeks constantly to grow itself at the expense of the nation, the culture, and the People.

3. Seeks constantly to spend more, and to bankrupt itself, the nation, and the American People.

4. Seeks constantly to engage in Socialistic Care-taking policies like Social Security, subsidizing failed enterprises, and seizing control of whole industries like the Medical and Defense Industries.

5. Seeks constantly to increase the regulatory burden of government on every sector of the economy, finance, and enterprise, and even on individual behavior even when the evidence is clear that such regulations cripple or destroy market and national competition and entire sectors of industry and the economy.

6. Constantly grows socialistic programs while at the same time funding them by means that would in every other circumstance be considered illegal and immoral, while suppressing the development of Individual Business and Saving and Investing and Charity and Philanthropy incentives and programs that would actually work, both societally and financially.

7. Constantly fails to educate most people, at great and ever increasing public expense, and the educational efforts it does operate are inefficient and more often than not outright erroneous and inaccurate.

8. Constantly seeks to enlarge and spread its creeping, corrupting, and nefarious influence into all aspects of American life and culture. Continually excuses and subsidizes its own abysmal rates of failure, moral and financial bankruptcy, and horrendous and miserable acts of unrepentant incompetence.

9. Seeks constantly to swell its rank of employees, dependents, unionized collectives, and supporters to give its gargantuan and bloated bulk an apparent and superficial legitimacy it does not really enjoy.

10. Engages in constant acts of sabotage, injury, regulatory destruction, and burdensome taxation and exhaustion against Individual and Corporate acts of Business, Capital Accumulation, Charity and Philanthropy, Free Enterprise, Market Development, Productive Industry, and Private Ownership and Wealth Creation.

ESSENTIAL BRANSON

Indeed.

Branson recounts excellent advice and experience on adventure, leadership, risk, and entrepreneurship…

 

Richard Branson’s Tech Essentials

The founder of the Virgin Group and author of the new book “The Virgin Way: Everything I Know About Leadership,” on his training regimen for space travel and the enduring appeal of the BlackBerry Curve

Sept. 19, 2014 3:52 p.m. ET

SKY HIGH | Richard Branson on the 103rd floor of the Empire State Building Juliana Sohn for The Wall Street Journal

I’m still clinging to my trusty BlackBerry Curve, because of the keyboard. There aren’t many of us left. I use it for sending emails but also have an iPhone for posting Instagram pictures and browsing Twitter. The freedom that these machines give you is fantastic. I love going to Africa and watching game, but I can still be in touch…

NOW YOU’RE GETTING IT…

Shared from my Personal Blog, the Missal.

The future of Space Exploration does not lie with the government, but with entrepreneurship and private corporations like SpaceX.

NASA FINALLY CATCHES UP TO THE 21ST CENTURY

THE OTHER ROADS TO SUCCESS

I happen to completely agree with him. I am in no way against education and learning, and as a matter of fact I think education and learning should continue until one hits the grave. However far too much of modern “higher education” is restrictive and self-limiting indoctrination, not innovative discovery and brilliant invention, so I entirely understand his point(s).

 

However I am also of the opinion that efforts such as this should hardly be limited to those under 20 years old. After all who has their very best ideas in life when under 20, or even in their 20s? Not many people.

 

Young people may be filled with passion (and have some ability to focus without the distraction of family and other obligations) but they are also usually naive and inexperienced about/with how the world actually operates, and they lack the motivations of family and children as an impetus to achievement,  and those are big disadvantages in regards to real drives and motives for long term business and creative success.

 

THE SILK ROAD TO ELSEWHERE

Where is this going?
Offshore apparently…

bitcoins-660x439

“The nearly 30,000 bitcoins auctioned off by the U.S. Marshals Service last week will be put to use building digital currency businesses outside of the United States.

The bitcoins are part of a massive cache of digital currency seized by the feds in connection with last year’s bust of the Silk Road online drug marketplace. In a first, they were auctioned by the Marshals Service last Friday, but until today, nobody knew who’d purchased them. It turns out that the auction’s winner was venture capitalist Tim Draper, and he’s going to store them with a company he has invested in called Vaurum. The startup sells software and services to international companies that want to set up their own bitcoin exchanges…”

article continued

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