The next time a valued employee leaves your startup, try to stay positive and recognize that turnover isn't always a bad thing, these entrepreneurs say. Use the situation to gain new insights into your business, and be supportive.
A federal judge has determined that a proposed $100 million settlement between Uber and its drivers is "not fair, adequate, and reasonable." The class-action suit argued that Uber should classify its drivers as employees, and a lawyer for the drivers says she will go to trial if a new settlement isn't reached.
Technology has led to improvements in life expectancy and quality of life during the past 200 years, and a number of important innovations are in the works, writes Chris Dixon. He describes 11 technologies to keep an eye on, including self-driving cars, artificial intelligence and clean energy.
Airbnb is worth more than many top global hotel chains, currently raising funds at a $30 billion valuation, Karen Dillon notes. The brand has been such a successful disruptor not because it offers a cheaper alternative, but because it meticulously studied its market, thought about exactly what travelers and hosts wanted and needed from the experience, and then nailed the delivery.
Get with the flow. How payment processing affects cash flow. Cash flow is the lubricant of business. Without a healthy cash flow, business dries up. It stops. It can't function. Which is why it is vital to keep the revenues coming in as the expenses go out. But there's one aspect of cash flow that many of us are not aware of. It is how managing credit cards and other such non-cash payments affect cash flow. Turns out it has a huge affect. Download the free guide today.
Founders should be committed to their ideas while being open to new ways to achieve goals, writes Mitchell Harper, who led BigCommerce to a $100 million valuation between 2009 and 2012. Recognize that some customers are more valuable than others, and use more than one marketing channel, he writes.
Taking a disciplined approach to fundraising can help your company hit key milestones at the appropriate times, writes Natty Zola, managing director at Techstars. If you're still validating your product or market fit at the Series A round, you're in trouble.
SolarCity will reduce executive pay and operating costs, the news coming after lowering its installation forecast for the year. Chief Technology Officer Peter Rive and CEO Lyndon Rive have requested that their salaries be reduced to $1 each, the company said.