"Given all the talk recently about rising seed valuations and AngelGate, I wanted to do a sequel to my old post on how VC’s Value Early Stage Companies. The valuation dynamics are even more puzzling at the seed stage, where there is even less to value. Rather than provide a very structured formula for seed stage pricing, I just want to offer some principles of seed stage pricing to help entrepreneurs navigate this process better..." read entire article
"You juggle a lot of balls every day, and it's easy to feel like everything gets 20% of your attention but nothing ever gets 100%. It's time to start giving your work your full focus.
It's easy to feel like you're being constantly pulled in multiple directions. Fractured attention, endless to-do lists, and an overwhelming sense that everything important was due twenty minutes ago are practically the uniform of the modern workplace. If that frazzled view of work sounds a bit too much like your work day, it may be time to reconsider how you're working, take back your focus from the multitude of distractions around you, and start focusing on the work that matters and will make a difference in your career and life...." read entire post
"With the increasing acceptance of IFRS in the global economy and its possible adoption in the U.S., CPAs are keenly interested in developing a broader understanding of international standards. A major goal of both the International Accounting Standards Board (IASB) and the SEC is for IFRS to be consistently and appropriately interpreted and applied. However, for many in the U.S. it is unclear how consistent interpretation and application can be achieved in the principles-based environment of IFRS. The reality is that the IASB has a well-established process for developing official interpretations of IFRS. This article introduces the International Financial Reporting Interpretations Committee (IFRIC) and discusses its organization, process and role in the authoritative interpretation of IFRS. The article also explains how IFRIC differs from FASB’s Emerging Issues Task Force (EITF)..." read entire article
"Older Internet users may remember the battles over the commercialization of the web in the early 1990s, when the first Mosaic browser was introduced. Back then, pioneering adopters passionately condemned the first web advertisers and tried to bring down their sites with "flaming" attacks. The fight was lost as consumers voted for free information supported by advertising over subscription services. Ironically, online advertising and the commercialization of the web achieved important goals of the resisters: to preserve the web as a medium for free publishing and communications...." read entire article
"This week we are running several guest posts by people who are boostrapping (or did bootstrap) their businesses. Today’s post is by Steve Murch. Read previous posts Vivek Bhaskaran and Hillel Cooperman] BigOven.com , the social network about food, started out as a hobby. I love to cook. I wanted a better way to organize and plan our own family meals, and thought there was a pretty big opportunity emerging at the intersection of social networking and the food/cooking/nutrition category. After growing a startup (VacationSpot.com) and selling it to Expedia.com in 2000, by 2002 I wanted to take a little break from work. But I quickly found that I was writing little programs for mobile devices here and there, and I wanted a larger project as a way to force myself to stay current on technology..." read entire article
"On July 1, 2009, FASB’s Accounting Standards Codification (ASC) is expected to be authoritative..." view video
Reader Poll: Reader Survey: Are you aware of the FASB Accounting Standards Codification (which changes the presentation of GAAP) that is slated to become authoritative on July 1, 2009? view current poll results
"As the dust starts to settle, which banks deserve the most plaudits?
Trying to work out which banks are the world’s best is a bit like awarding the prize for prettiest war-torn village. It is a title that carries little kudos. It is also likely to prompt further shelling. Winners of industry awards in the past three years include Ken Lewis, the chief executive of Bank of America, for banker of the year (2008); Société Générale for its risk management; and Angelo Mozilo of Countrywide, a failed mortgage lender, for a "lifetime of achievement." Still, the question is becoming more pertinent. After months of indiscriminate fear, widespread losses, and government hand-holding, the banking industry is gradually stabilizing..." read entire post
"IASB member John Smith tells a European audience that "it is in the interest of the United States to adopt IFRSs in the next five years...
The United States will pay a high price for failing to adopt International Financial Reporting Standards within the next five years, an international accounting rulemaker told a European Commission conference audience last Thursday. "I believe it is in the interest of the United States to adopt IFRSs in the next five years," International Accounting Standards Board member John Smith told attendees at a conference in Brussels last week organized by the European Commission. Noting that Brazil, Canada, China, India, Japan and Korea are committed to adopting IFRS, and the European Union already using IFRS, Smith said "the cost to the United States of failing to adopt IFRSs will be high"..." read entire article
"Although social media adoption rates are still relatively low—more and more companies are jumping in. And,as they do, we may see a dramatic shift in marketing spending patterns. Today, most B2B companies are just dipping their toes in the social media waters. Some have launched blogs. Others are experimenting with Twitter. Still others are adopting a wait and see attitude. Yet, if the conversation at a recent event hosted by the Massachusetts Technology Leadership Council is any indication, most B2B marketers are ready to move forward. Right now, their biggest challenge is figuring out how to justify social media investments to skeptical management teams..." read entire article
"I just finished reading Built to Last: Successful Habits of Visionary Companies, and I enjoyed it quite a bit. I first read about it in this WSJ article,where CEOs pick their favorite leadership books, and after seeing its high ratings on Amazon, decided to pull the trigger and pick it up. The book was written by a team at the Stanford GSB, and it identifies and discusses the common behaviors and practices found in visionary companies while discrediting common myths by comparing them to a set of counterparts considered less visionary..." read entire post