The new North venture Athleticode was featured in today’s San Francisco Business Times. Excerpt: Athleticode will scan the genetic code in a sample of a player’s spit to test for myriad characteristics. They hope to indicate whether an athlete has a high propensity for concussions, heat stroke, heart arrhythmia, torn tendons or other injury. It [...]
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Real-Life Lessons From Shark Tank
North was recently quoted dropping some knowledge in the article, Real-Life Lessons From Shark Tank on Entrepreneur.com. Here’s an excerpt: Know when to pitch. Entrepreneurs with a well-developed product and proven financial success have the best luck with the “sharks,” says David Brody, a managing partner at the venture analysis firm North. “Nothing builds momentum like [...]
New Venture Evaluation #21
Is Your Revenue Model Automated? The purpose of this element is to determine whether or not the company can automate the revenue model. Transactions and sales take time (time is money); even retailers spend a fortune on making checkout happen just a few seconds faster. For a business to successfully scale and grow, a turn [...]
How do you Measure Up?
Innovation is the backbone of our economy. Without it, we simply won’t have the game-changing economic growth needed to end the global financial crisis. Even with nearly six million new businesses started every year, the process for creating American innovation remains remarkably inefficient.* The time, effort, and capital wasted on genetically-flawed businesses represents the loss [...]
New Venture Evaluation #18: Management Compensation
One of the most powerful forces for managing people, and determining the direction of a business is compensation. That which can be measured and that upon which people will be paid, are both core drivers of a business. The goal of this element is to seek a healthy balance between keeping the entrepreneur focused and [...]
New Venture Evaluation #17: Debt
The purpose of this Phenotype element is to determine what if any debt the business may have at the time of the financing, and more importantly if that debt will be serviced immediately upon closure of the round. What one isn’t looking to do is to fund a company only to have all the cash [...]
New Venture Evaluation #16: Secondary Sales Potential
The purpose of this element is to uncover what can be one common way to rapidly expand and grow a business: the second serving. One of the easiest ways to grow revenue is to sell the consumer a second offering after completing the first transaction. What to look for here are types of secondary offerings, [...]
Marketing Your Plan: Venture Evaluation #15
The purpose of this element is to determine whether or not the business has a strong marketing plan in place, and if that plan is something that can be executed with the capital available. There are two key components to a great marketing plan: 1. Brand strategy – Without a clear and compelling brand, a [...]
New Venture Evaluation #14: Operational Speed
This element is designed to look for a key trait in the management team of nearly all successful new ventures: speed. While some people can drive a car comfortably at 100 MPH, others start to panic and constantly ride the brakes. Key entrepreneurial instincts and the ability to move quickly (combination of confidence, analysis, and [...]
Breaking Even: New Venture Evaluation # 13
When evaluating a venture, one of the key areas to look at is the company’s projected time to break even. In economic terms the equation looks like this: (Break Even = Fixed Cost / (Unit Price – Variable Unit Cost)), but in reality the break even point is a huge day for a new business. [...]
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