Aside from the fact that it's not clear whether Paige got approval from Brian/AirBnB to post all of the details for everyone to see, this is a great reminder that angel investors need to actively seek opportunities. You can't just expect them to show up on your doorstep -- especially when everyone's an angel these days.
The link between passion and business value A company's true value is based on the degree to which customers, employees, investors and other stakeholders depend on it, writes Scott Maxwell, founder of OpenView Venture Partners. "[T]he common thread is the passion each group has for ensuring the business survives and thrives for as long as possible"
Vague plans won't impress seed investors Too many entrepreneurs have only a vague idea of what they are going to do after they raise seed money, writes Jeff Thermond of XSeed Capital. It's important to develop a plan that includes specific milestones and a sufficient cash buffer for raising a Series A round. "[Y]ou will stand out from the crowd for being milestone driven, understanding of how each stage of investing works, and having reduced the risk of running out of money,"
Teddy Nykiel compiles a list of questions small-business owners should ask of their Small Business Development Center advisers. Topics to explore include whether a business proposal is sound, how much money to borrow, whether loan terms are favorable and what additional services are available.
Commentary: Independent-contractor classification requires caution The Labor Department, prompted by congressional scrutiny of the issue, could take aim at employers who purposely classify employees improperly as independent contractors. To avoid penalties, businesses should have contracts with non-employee workers to specify that the worker will receive a Form 1099 and is responsible for his or her own expenses, according to lawyers Ronda O'Donnell and Lee Durivage. Employers also should refrain from paying non-employee workers on a weekly basis to prevent the appearance of providing a salary.
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