Over the past three months, the COVID-19 virus and the accompanying pandemic has single-handedly caused a rapid down shift in economic activity never before seen in the modern industrial and post-industrial world. A recent article in The Atlantic addressing the incongruity of a record stock market rally taking place during a time of economic upheaval and widespread joblessness cleverly described these strange times we’re living through: “The COVID-19 crisis is simultaneously thrusting Americans into the pre-urban homestead economy of the 1830s, re-creating the Depression-era joblessness of the 1930s, and pulling forward the virtual economy of the 2030s. We are living in the weirdest economy ever.”Read More
In the startup environment, securing the right management team is a major challenge. You have a solid idea and you may even have some seed funding, but surely the cash that you do have is already earmarked for the development of your technology. Convincing major players to risk their stable career paths and join your risky startup will be a challenge, but there are some great ways to compensate your team while at the same time aligning their goals with yours.
Our region is bursting with exciting high-potential technology startups. These startups spring from many types of environments: universities, laboratories, neighborhood watering holes, and even dinner tables. Once an idea is born, the next steps are critically important to its long-term success. A solid foundation must be built for a technology startup to thrive. Due to the highly competitive and fast-paced nature of this sector, the preference of the startup may be to seek out investors to fund research and development. I would suggest that the following three questions be considered and answered before the search for investment begins:Read More