Author: Guest Author

Anti-Dilution Provisions: Which One is Best for Founders?
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Anti-Dilution Provisions: Which One is Best for Founders?

Venture capital investors invest in startups in the hopes that later rounds of investment will increase the company’ valuation. As more investors invest, the percentage of the company that each investor owns decreases, an effect called dilution. As important as avoiding dilution is for an investor, specific provisions can impact on founder and employee ownership unfavorably. Why do investors ask for anti-dilution provisions? As long as subsequent investors invest at a higher price per share, the overall dollar value of the previous investments increases, even if their percent ownership decreases. But what if shares sold in later rounds of investment are sold at a lower price per share? In such a down round scenario, the earlier investors have a decrease in ownership and a reduc...
Spend Time on Doing the Right Things for Entrepreneurial Success
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Spend Time on Doing the Right Things for Entrepreneurial Success

Are you spending your valuable time doing the right things for entrepreneurial success? "Due to lack of internal controls, documented processes, and no reconciliation function between two disparate systems, we inadvertently spent almost $1 million of our members' fees for no reason," said Rob Roberts of San Antonio Board of Realtors.   "It took us hours to collect time and process our payroll every two weeks, and then another several hours to upload the Excel spreadsheet into QuickBooks and create all the appropriate journal entries," said Cindy Hawkins of Little Engine Homecare.   These are the stories we hear every day from local businesses that are struggling to manage operations while growing.   When I built my company in Mexico, I was hyper-focused on client acquisition an...
Plus One Robotics and the Future of Work: Port San Antonio’s Tech Innovation Series
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Plus One Robotics and the Future of Work: Port San Antonio’s Tech Innovation Series

"How would the world change if you could see a thousand miles away and your arm was that long?" Plus One Robotics CEO and co-founder Erik Nieves wasn't asking about imaginary superpowers. Delivering these capabilities to logistics clients is the core business of his Port San Antonio-based company. Plus One's technology is creating new types of jobs that make work in industrial environments, including e-commerce sorting facilities and manufacturing plans, safer and more efficient. These new career paths call upon the quick reflexes, problem-solving, and even video gaming skills from a new generation of employees. Available for job seekers are these new careers as automation network supervisors, who leverage the visual and artificial intelligence (AI) capabilities robots have to help t...
Look at Terms When Raising Money During the COVID-19 Pandemic
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Look at Terms When Raising Money During the COVID-19 Pandemic

For entrepreneurs raising money during the COVID-19 pandemic, lessons learned from previous recessions can provide guideposts on what to do now. As a venture capital (VC) lawyer since 2000, I see similarities from the aftermath of the 9/11 terrorist attacks in 2001, the collapse of the Dot.com bubble in 2002, and the 2008 recession after the collapse of Lehman Brothers. The previous financial crises occurred after a singular catastrophic event that temporarily halted most economic activity.  At the time, no one knew how society would change after 9/11 or how the banking industry would change after the fall of Lehman Brothers. Investors naturally reacted to this uncertainty by slowing down their activity. In the aftermath of the Dot.com bubble crash, VC financings in the U.S. d...
Port San Antonio’s New Innovation Webinar Series Spotlights Knight Aerospace COVID-19 Air Transport Modules
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Port San Antonio’s New Innovation Webinar Series Spotlights Knight Aerospace COVID-19 Air Transport Modules

Port San Antonio's first program highlighting local innovators featured new technology that makes air transport and in-flight care for COVID-19 patients safer, faster, and more scalable than ever before. Joining the discussion were Knight Aerospace president and CEO Bianca Rhodes; Lt. Gen. (Dr.) Paul K. Carlton (Ret.), former U.S. Air Force Surgeon General and Knight Aerospace's medical adviser; San Antonio Economic Development Foundation president and CEO Jenna Saucedo-Herrera, and Port San Antonio president and CEO Jim Perschbach. Iris Gonzalez, publisher of StartupsSanAntonio.com, moderated the recorded panel discussion. Retired Lt. Gen. Dr. Paul K. Carlton, who served as the U.S. Air Force's Surgeon General from 1999 to 2002, has advised Knight Aerospace engineers over many y...
Small Business Checklist for Reopening During a Pandemic
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Small Business Checklist for Reopening During a Pandemic

Luke Hayward writes for the Funding Circle, a peer-to-peer lending marketplace that allows the public to lend money directly to small- and medium-sized businesses. He contributes today’s guest post on a reopening checklist for small business owners and startups during the COVID-19 pandemic. Small business owners are no stranger to uncertainty, flexibility, and creativity. The nature of an entrepreneur is to look for ways to handle issues that arise and grow a business. Unfortunately, COVID-19 is a different sort of uncertainty. The unmatched difficulties surrounding the current pandemic left many small business owners and startup founders helpless as many had to close their doors for nearly three months.  With states reopening their businesses at various rates and with different regu...
7 Tips for Small Business Owners and Startups Enduring the Coronavirus Pandemic
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7 Tips for Small Business Owners and Startups Enduring the Coronavirus Pandemic

Luke Hayward writes for Funding Circle, a peer-to-peer lending marketplace that allows the public to lend money directly to small- and medium-sized businesses. He contributed today's guest post on seven tips for small business owners and startups during the Coronavirus pandemic. If you are a small business owner, you are understandably stressed about the potential impact of the COVID-19 outbreak. Beyond the obvious health concerns, people are staying home as society tries to flatten the curve, and as a result, people are spending less. For many small businesses, this lack of consumer activity is an existential threat. Revenues will start decreasing and there is no sign of when things will return to normal. While stress and anxiety are understandable, you need to get past these feelin...
Internal Communications and How to Connect with Your Staff During the COVID-19 Pandemic
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Internal Communications and How to Connect with Your Staff During the COVID-19 Pandemic

This guest post comes from chief executive officer Harold Hardaway and chief creative officer Shannon Hernandez of Cardigan, an internal communications and employer branding consulting firm. Many companies have crisis communication plans to address public relations challenges. Few business owners, however, have defined processes for dealing with the cultural and emotional challenges that we are all currently facing arising from the necessary social distancing due to the COVID-19 outbreak. In times like these, internal communications—how you talk to your staff— is a vital part of crisis management. Many employees are having to adjust to working from home with the distractions of a spouse doing the same, all while possibly caring for relatives or children. For many in the startu...
Internships for High School Students Teach Valuable Skills
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Internships for High School Students Teach Valuable Skills

College students are popular sources of temporary help for local businesses. Younger high school interns may pose some challenges for employers, but with preparation, the experience can yield benefits for students and employers alike. We interviewed students from San Antonio’s International School of the Americas to ask about what they learned from their internship experiences so that students, parents, and employers alike can understand what high school seniors can learn from internships. Nathan Alejandro, an 18-year-old senior, landed an internship with Elevate Systems, a reverse mechanical engineering company. Elevate Systems president Scott Grey assigned Nathan with minor problem solving and engineering tasks. “It varied from designing mounts and container holders to help...
Texas Biomed Plugs Holes in ‘Leaky Pipeline’ for Female Scientists
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Texas Biomed Plugs Holes in ‘Leaky Pipeline’ for Female Scientists

Why are women leaving science? More than half of life and biomedical sciences graduate students are women, yet the latest data from the National Academies reveal only 16 percent of women go on to become full professors in the life sciences, for example. Texas Biomedical Research Institute (Texas Biomed) recognized this leaky pipeline for female scientists and is working to attract and retain more women in biomedical research. Workforce diversity is a core value in Texas Biomed’s new ten-year strategic plan which goes into effect in September. Texas Biomed is launching efforts to nearly double its workforce and position it as one of the world's top scientific centers focused on infectious diseases, according to Texas Biomed assistant vice president of communications Lisa Cruz. Texas Biom...