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Categories: Uncategorized

Tuesday Night in Kendall Square

Last night we had our weekly Tuesday night Sayagle meeting in Kendall Square, Cambridge. This one was especially productive with Ken, Carol, Alfred, Tony and David all in attendance. In this photo David is joking about something and I thankfully was able to avoid the camera as the cameraman.

Tuesday Night Sayagle Meeting

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Tweetup at McGreevy’s

On April 30th BostonTweet held a tweetup at McGreevy’s on Boylston Street, and as usual my man @JoselinMane was the photographer. To view some of his stills visit Flickr.

@eknopf2 & @BostonTweet looking like dorks with their iPhones

McGreevy's

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Emerson College WLP

I’ll be attending the Vernacular / Emerson College WLP (writing, literature & publishing) Gala on Friday May 15.

http://VernacularLit.com

Vernacular Emerson College WLP

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BostonTweet

December 22, 2008 Leave a comment

We (Fortunate13, sjcallanDesigns & TOKiBiz) are working on a far more advanced application for BostonTweet (follow @BostonTweet). To start, the design and logo will look significantly different from the current site. A sneak peak of the early version of the logo.BostonTweet

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Data & Quality Control – QCing Bizak

August 31, 2008 Leave a comment

Determining the validity of the Bizak data is essential for the accuracy of our benchmarks. I personally QC every estimate that comes into our database. When I find data that is questionable I’ll exclude it from our calculations. When I do so the startup automatically receives an email alerting them to the exclusion and prompting them to either update or delete their numbers. Doing this allows the startup to see the numbers they originally entered and make the necessary changes. Once the numbers have been updated they are entered back into the benchmark calculations and also back into my QC list. 

The investor side of Bizak also provides an added level of quality control to the database. If you’re a startup interested in receiving funding, and you’re fabricating your numbers, I can guarantee that an investor will eventually discover the truth – when he does you can rest assure that he will not trust you with his money.

With an increase in volume the benchmarks will eventually follow a tight data set that will enable us to apply a standard deviation above and below the mean. Internally we can then integrate a flag that will notify us whenever a startup falls outside of that standard deviation. This doesn’t mean that their numbers are incorrect just that we should probably double check them. This would then alleviate the vast majority of the manual process for when volume increases.

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Exit Strategy

August 6, 2008 Leave a comment

One of the most important (but likely most overlooked) decisions when starting a startup is your exit strategy. Like it or not you’re going to get tired of working 8 days a week and there will come a day (especially if you’re a one man operation) when you’ll want to walk away.  After years of hard work you’re not going to just turn off the power switch, no way!!  Either you’ll want to hand over the reigns to a trusted associate or better yet you would like to get bought out.  Whichever one it is you should probably start thinking about it before you get burnt out.

Not until I grew tired of running Research Connect did I realize how important an exit strategy was – before that day I never thought about it.  Research Connect was a one man operation (aka Me) and unfortunately when I grew tired of the company I still needed to find someone to buy it – that was the hard (and exhausting) part. Exhausting because it took me approximately sixteen months to find a buyer for the company. Sixteen months after I had already became burnt out.  

So it’s best to have an exit strategy on day 1, even if you never think you’ll need it.  If you have investors then you better make sure your exit plan matches theirs, because they certainly have an exit plan for you.