Author: Rich Foreman

“The Original Business Plan Never Works…But that’s Okay!”

Howard Love is a startup legend founding or co-founding a total of 15 companies since 1985. Some of his most notable enterprises have been LoveToKnow, PageWise, and Flex Jobs. He recently released his new book, “The Startup J Curve” that outlines the life cycle of successful startups. While attending Colgate University, Howard and his venture partner changed the school’s computer network to a trading system. It evolved into a technical analysis and software charting package for users of the original IBM PC. They made an okay name for themselves and later got involved in software development tools. After moving to Silicon Valley, they named the...

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Margaret Mackenzie Empowering Female Entrepreneurs: Seeing is Believing

Margaret Mackenzie was interviewed at Startup Grind Sacramento at the Urban Hive last September and enlighten the audience with well-needed entrepreneurial wisdom. Currently serving an executive role in Astia, Margaret also consults several early-stage startups with a specialty in finance, IT and artificial intelligence. She served as CFO at Paymo (now Boku) and JustInvesting along with being CEO to 3 financial market corporations. Her focus has been identity, digital/mobile transactions, and FinTech. Born in Stockton and raised in Sacramento, Margaret founded her first startup named Paymo with the model that customers would be charged for their digital transactions on their phones rather than their credit/debit cards. Feeling that the idea was ahead of...

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Y Combinator COO Qasar Younis Discusses Entrepreneurship

Qasar Younis was interviewed at Startup Grind Sacramento and shared how he has climbed the ranks of the entrepreneurial ladder. He is the CEO of Y Combinator (YC), an organization that provides seed funding for startups while linking them with potential investors and acquirers. Qasar reached success through Talkbin that was originally backed by YC before being acquired by Google 10 months later. He than became Google’s product lead for business facing product and has assisted dozens of entrepreneurs turn their ideas into a reality via YC. Growing up in the rural environment of Pakistan and migrating to Michigan in the 80’s, Qasar’s initial background was in...

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Best Apple Apps and Games of 2016

Apple has announced their annual list of best apps and games on the Apple App Store for 2016 and here they are. App of the Year: Prisma App Store Editor’s Notes: Prisma’s gorgeous pictures are almost too cool for words, but if we had to pick one to describe our 2106 iPhone App of the Year, it’s would be “sublime.” Powerful AI re-creates our photos as breathtaking images that really look hand-painted, complete with natural textures and stylish, spontaneous strokes. The only thing more fun than experimenting with the effects is showing off the results to our friends. App...

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The Startup J Curve

In his book, the Startup J Curve, noted entrepreneur and angel investor, Howard Love, essentially states that there is no straight line from startup to sustainable success. Rather, it follows a J Curve where the company initially dips after it starts. The dip can occur for several reasons: Product takes longer to develop Customers don’t embrace the initial product The business model doesn’t quite work Love describes this dip as the Valley of Death. A young startup needs to be able to crawl out of it before they run out of cash. Much of his book describes strategies in...

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Mark Haney Reminds Entrepreneurs to be a Rock Star!

Mark Haney of Haney Business Ventures has founded or co-founded over 20 businesses with a focus on community-based values by offering opportunities for entrepreneurs and military veterans. He is a board member on the Sacramento Entrepreneurs’ Organization and Allegiant Giving Corporation which all are dedicated to strengthen the entrepreneurial spirit of its region. Mark initially launched a successful video distribution company that expanded into a security/surveillance provider grossing over an annual $200 million with hundreds of employees. He also hosts a weekly radio broadcast, Entrepreneurs Unlimited which covers an array of topics related to entrepreneurship, business, startups and more. In a recent interview with Startup Grind Sacramento, Mark discussed his entrepreneurial journey. Born...

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Startup Lessons from Garage Ventures Bill Reichert

Silicon Valley icon Bill Reichert from Garage Technology Ventures recently spoke at Startup Grind Sacramento and offered some invaluable insight. With over 20 years as an entrepreneur and two public companies, Bill’s resume is quite impressive. Originally from Chicago, Bill grew up spending quality time with his grandfather who exposed him to the adventurous world of entrepreneurship. He was in Silicon Valley when the PC was first released and arguably ran one of the first app development firms in United States history, which was apparently amazingly successful but eventually “crashed and burned.” In 1992, Bill and his buddy helped save a failing organization called “The...

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Highlights From 500 Startups Batch 18 Demo Day

500 Startups held their Demo Day for Batch 18 at the Innovation Hanger near the Palace of Fine Arts in San Francisco. Batch 18 is made of 46 companies with themes in FinTech, Digital Health, Industrial Applications, Experimental Lifestyles, and Bots. Here are a few startups that I found interesting. Startup with Coolest Medical Tech Siren Care’s tagline is “Next-Generation Smart Textiles.” What they’ve developed is the ability to weave sensors into the fabric. Their first application is a temperature monitoring sock that is used to prevent foot ulcers for diabetics.   Startup with Coolest Lifestyle Concept One of...

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Impact Global Venture Summit Highlights Sacramento Region Startups

The inaugural Impact Global Venture Summit was held on November 14, 2016 at the brand new, state of the art, Golden 1 Center. Over 700 people attended and 50 Northern California startups participated in the summit with the goal of providing local startups exposure to investors. This was also the big debut for event organizer, Impact Venture Capital. Impact VC was formed from Sacramento based Velocity VC in partnership with Dixon Doll and Eric Ball. Dixon Doll is a well-known Silicon Valley investor with early investments in 20 unicorn (with a valuation over $1 B) companies. Most of the...

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The Navy’s 11 Leadership Principles

I can still vividly remember reciting the Navy’s Leadership Principles by memory while my squad leader was inches from my face during freshmen orientation for the Navy ROTC program at the University of Washington. Here are the Navy’s 11 Leadership Principles (admittedly I can no longer recite them from memory): 1. Know your people and look out for their welfare. 2. Keep your people informed. 3. Know yourself and seek self-improvement. 4. Be technically and tactically proficient. 5. Seek responsibility and take responsibility for your actions. 6. Make sound and timely decisions. 7. Set the example. 8. Develop a sense of responsibility in your subordinates. 9. Ensure that the task is understood, supervised, and accomplished. 10. Train your people as a team. 11. Employ your unit in accordance with its capabilities. When I was an 18 year old midshipman, the principles were something that I had to learn for inspections. However, during my career, they have become guidelines for me when I have had the privilege to lead. I also judge some of my bosses by whether their actions follow the principles. Take a look at the principles and think of the managers that you work for during your career. If you find them violating the principles, inherently you have judged them as poor managers. Conversely, if you find them following the principles, I’m sure you’ve labeled them as good...

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