Tucked away in the Transportation, Economic Development and Environmental Conservation Bill portion of the New York State 2018 Executive Budget is a proposed amendment to New York’s Licensed Lender Law that would “[a]llow the Department of Financial Services . . . to better regulate the business practices of online lenders.
When a startup succeeds, it’s celebrated for creativity and innovation. But there’s a lot that goes on behind the scenes that is never noted, an unsung hero when unicorn startups prosper: accelerators.
It’s something we were all told as children – learn from your mistakes. Studies show that entrepreneurs who innovate in the face of failure are the ones who find success.
Jean Donnelly, Executive Director of FinTech Sandbox – a Boston-based nonprofit focused on providing startups with data – and a Founders Workbench advisory board member, discusses why startups see a data shortage and what can be done to enhance and accelerate product development.
Equity grants are often a source of contention for founders of emerging companies. Slicing up the “pie” in the early stages can give rise to tense conversations between the founding team and among investors.
A few years ago, only a handful of companies that focused on virtual, online commerce existed; today, it is one of the fastest growing markets. The rise in smartphone use has created an entirely new commerce space – online.
Many successful businesses are built on a strong, trusting partnership between two entrepreneurs; but a bad partnership can often mean the end of your company.
Think your startup has what it takes to compete against other emerging companies that are shaking up the business world for $1 million in investment?
Everyone knows the importance of an elevator pitch; it allows you to quickly feature your startup’s success when talking to a potential customer or investor. While it’s critical for founders and startup leadership to master the elevator pitch, you may still be missing out on an even better option – your customer’s elevator pitch.