Monday, April 16, 2007

Founders' Equity

Last week, YII held a webinar about Founders' Equity with Barbara Johnson and Harry Hanson, Partners at Choate Hall & Stewart.

The webinar will be archived for our Premium Members. In the meantime, enjoy these useful tips from the webinar:

1. When you are issuing founders' equity, think about the percentage of ownership rather than the number of shares and carefully negotiate the shares with each potential partner in accordance to their role in the start-up.

2. If you are considering paying your first employees with equity, remember that you should not think of your equity as "cheap money" that can be given away. With equity, you give away ownership in your company.

3. There are two forms of equity: restricted voting common stock (usually offered to owners/founders) and options (usually offered to consultants and employees).

Sunday, April 15, 2007

A Note from Our Partners - Modern Marvels: Great Inventions Week

Guess what lava lamps, NASA and snack food have in common?
Modern Marvels: Great Inventions Week

May 15 – 17 on The History Channel®

Check your local listings for times.

From tape cassettes to lava lamps, 60’s Tech tells stories of modern marvels that changed the world. Stay tuned for It Came From Outer Space, our look at NASA technology in everyday products. Hungry for more? Snackfood Tech showcases the science behind your favorite munchies!

To top things off, watch as we reveal the outstanding innovators of 2007 – the Winners of the Modern Marvels Invent Now Challenge!

Be Inspired! Watch Modern Marvels Wednesdays 8pm/7c

Visit History.com/invent

Wednesday, April 11, 2007

Web 3.0 Cont'd

Continuing my musings about Web 3.0, check out this Q&A with Tim Berners-Lee about the Semantic Web and a related article about why the Semantic Web will be valuable.

Saturday, April 07, 2007

Useful Resource for Writing Business Plans

I recently came across this helpful resource: a guide on how to write business plans by William Sahlman at Harvard.

I particularly like the checklists and questions scattered throughout and the visualization of risk and reward.

Tuesday, April 03, 2007

Playing Games

I recently attended the Game Change Summit held at the scenic Kingbridge Centre.

The objective of the summit was to discuss how games are changing the business and educational playing fields (pun intended). It was a fascinating journey that involved brainstorming with a very diverse group about how to leverage the power of games to learn and connect.

An example of such a game is the FIRST Robotics Competition (or, rather, "co-opetition") where high school students learn about communication skills, gracious professionalism, and teamwork while competing in various games. The Competition has garnered a large community across North America and thousands of students now participate - learning while playing.

I've been familiar with the concept of experiential learning for some time, but the Summit made me aware of the phenomenal possibilities of virtual games to model real-life situations. I've also become aware of the increasing prominence of the topic. For example, Business Week devotes an entire portlet to the subject.

How do you think we can harness the power of play to learn and connect with others?

Live Event in Pittsburgh

Join YII and the University of Pittsburgh's Entrepreneurs' Society tomorrow for a re-broadcast of the Market Research Webinar with Paige Arnof-Fenn, CEO of Mavens & Moguls.

The event will include door prizes, refreshments, and networking opportunities.

"Launching an Entrepreneurial Career"
April 4, 2007
5:00 PM - 6:00 PM
University of Pittsburgh
Mervis Hall, Room 114

RSVP 412.648.1544
ieeregistration@katz.pitt.edu

All students (not just those from the University of Pittsburgh!) are welcome.