Rich Maloy

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Just how big has eSports become?

• 113 million hardcore fans worldwide<br>• 147 million occasional viewers<br>• US$252 million in global revenues<br>• a predicted total prize pool of $71 million for all tournaments and competitions.<p>No, these numbers don’t refer to a traditional mainstream sport like football or basketball. Rather, they come from a …

Social is dead: What 146 startup pitches showed me about the next wave of tech companies

Over the past two weeks, I have listened to 146 startups pitch in rapid-fire succession at demo days for Y Combinator and 500 Startups.<p>Of those startups, probably five or six will emerge as the next Airbnb, Dropbox, or Reddit. The founders of the next billion-dollar startup have probably run …

How to not hire the next office jerk at your startup

He talks too loudly on the phone, gossips about his coworkers, cuts colleagues off in meetings, and takes the food in the office refrigerator that’s clearly labeled for someone else.<p>The office jerk.<p>If you’ve spent any time in a work environment, you’ve probably run across this low-EQ individual. …

The Rise Of Silicon Savannah And Africa’s Tech Movement

Jake Bright Contributor<p>Jake Bright is a writer and author in New York City. He is co-author of The Next Africa.<p>More posts by this contributor:<p>Africa Roundup: Uber says it’s staying, Konga could be epic startup fail<br>• Harley Davidson’s EV debut could electrify the motorcycle industry<p>Aubrey Hruby …

Africa

Accelerators Are The New Business School

Vitaly M. Golomb Contributor<p>Vitaly M. Golomb leads global investments at HP Tech Ventures and is the author of the forthcoming book, Accelerated Startup – The New Business School.<p>More posts by this contributor:<p>Trump, Brexit and ISIS are the symptoms, and technology is the problem<br>• The Government Once …

Startups

To Bootstrap Or Not?

Perry Tam Contributor<p>Perry Tam is co-founder and CEO of Storm8.<p>Bootstrapping is a tougher choice than ever for startups. Seed capital is so widely available that deals for the hottest companies can close in days, and many entrepreneurs never even consider bootstrapping their company — especially in …

Startups

5 tips to prepare you for selling your company

It’s a heady time for M&A professionals. Deal volume is skyrocketing, and cash and equity are flowing. We are bouncing from one deal to the next and loving it. For a founder or CEO, there may be little you can do to prepare yourself for the chaos of selling your company, but that doesn’t mean you …

The Startup Illusion

Noah Benesch Contributor<p>Noah Benesch is a junior at the University of Washington studying finance and is a member of the UW Formula Motorsports team, which designs, builds and competes internationally with two SAE race cars annually.<p>In 2005, Steve Jobs delivered his now-famous Stanford Commencement …

Lessons From Dave Goldberg: An Open Letter To Aspiring CEOs And Young Entrepreneurs

Will Wagner Contributor<p>Will Wagner joined SurveyMonkey in 2010 and currently serves as the company’s VP of Engineering where he manages the growing troop of engineers.<p>Dave Goldberg was a fantastic leader and his untimely passing was tough for those of us who worked for him at SurveyMonkey.<p>He was …

Silicon Valley’s meritocracy: Maybe it’s time to give something back

There is a growing debate in the tech industry about whether or not Silicon Valley operates as a meritocracy.<p>Many of you have probably heard, or even participated in, the various arguments on both sides but let’s assume for a moment that the meritocracy is real and what that means if we apply it to …

Why Every Enterprise Startup Needs A New York City Presence

<b>Editor’s note:</b> <b></b><i>Jonathan Lehr is Venture</i> <i>Director at</i> <i>Work-Bench where he</i> <i>focuses on early-stage enterprise technology investments. He</i> <i>is also the founder of the NY Enterprise Technology Meetup.</i><p>I recently wrote about the state of enterprise tech in NYC in order to showcase New York’s growing enterprise …

Startups

Bubble 2.0?

<b>Editor’s note:</b> <i>Oliver Leung is an economist specializing in evaluating emerging technology and connecting startups with Fortune 500 companies.</i><p>Federal Reserve Chairwoman Janet Yellen weighed in on the prospects of an equity bubble at a meeting with International Monetary Fund Director Christine …

Investing

Three Slides? You’re Nuts! OK. How About Seven?

by Jean-Louis Gassée In practice, the three slide pitch may be impossibly concise. This week, we’ll look at the seven slide variation. After last …

How playing World of Warcraft every day for a year led Robert Hohman to found a $1 billion startup

To this day he runs his 450-person startup by day, and still personally codes for it at night. His head of engineering "puts up with me," Hohman tells us, and then explains he's still "a good software engineer."<p>When not running the company or coding the site, he's playing StarCraft with his two …

It’s All About Relationships When Selling Your Startup

<b>Editor’s note:</b> <i>Tomio Geron is head of content at startup</i> <i>Exitround</i><i>.</i><p>What is actually required for a startup to get to an M&A? While the popular image may be Facebook buying Instagram over one weekend, that’s not how it usually happens. A select few companies may not do anything to try to sell their …

Meet the 39 Indian startups going on an innovation trek to Silicon Valley

Indian technology startups are always eager to take lessons from the stars of Silicon Valley. But at a stage when they are just sprouting shoots, …

Startups

These 5 slides show where most of the VC money went in the last 3 months

A number of VCs are raising record-size funds, while some startups are achieving incredible valuations with relative ease.<p>When the market gets this hot, it's easy to lose track of all the transactions.<p>So Pitchbook, a company that analyzes global private equity and venture capital data, put together …

5 things to do if you let a customer down

Our product marketing manager was seeing some issues within our application the first few days of February 2015. At the end of the first week he called me to talk about it.<p>“Something weird is happening,” he said. “Our activation rate fell by almost half!”<p>Our product, PandaDoc, is a document …

Bringing depression out of the shadows in startups

I’ve been very open about my struggles with depression over the years. A few weeks ago, I participated in a Q&A with Greg Avery at the <i>Denver Business Journal</i> titled Brad Feld Q&A: Bringing depression out of the shadows in startups. It was part of a more extensive series on depression, …

The FTC wants your feedback on companies like Airbnb and Uber

Who's ready for a workshop?<p>The Federal Trade Commission is holding a workshop to discuss the sharing economy, made up by companies like Airbnb and Uber, and it wants to know what you think about your rights as a consumer. The workshop will discuss "competition, consumer protection, and economic …

11 Books By CEOs That Will Teach You How To Run The World

But the ones worth reading ditch the platitudes in favor of instructive anecdotes — which is why they so often come from execs who have lived through it.<p>From fashion startups to automotive empires, here are the best leadership books from people who have led their companies to success.

Snowflakes in the sun: What mobile developers still haven’t learned from 1923

Father of advertising David Olgivy said every advertiser should have to read Claude C. Hopkin’s book, <i>Scientific Advertising</i><i>,</i> seven times before being allowed to work in the field. I would say the same holds true for developers. It takes a lot more than beautiful code to be successful. Scientific …

A Popular Retirement Rule Of Thumb Isn't Wrong, But It Could Be Disruptive For Retirees

<b>A 4% Withdrawal Rate Could Disrupt Your Retirement Planning (Morningstar)</b><p>Michael Falk from Focus Consulting explained the reasoning behind using a 3% or 4% withdrawal rate with Morningstar. Falk said 4% rate is not necessarily wrong, but can increase risks based on your planned expenses.<p>"So what I …

Some People Are Wondering If Obama's MyRA Could Signal The End For 401ks

<b>Some People Are Wondering If Obama's MyRA Could Mean The End For 401ks (Nerd's Eye View)</b><p>Defined benefit plans (pension plans) — which are paid in addition to an employees' salary — have been declining, as defined contribution plans (like 401k plans) have been on the rise. But now Michael Kitces at …

What Baby Boomers’ Retirement Means For the U.S. Economy

For decades, the retirement of the baby boom generation has been a looming economic threat. Now, it’s no longer looming — it’s here. Every month, …

Demographics

How Young People Can Get Rich Slowly

<i>At least that's the message of William Bernstein, cofounder of investment management firm Efficient Frontier Advisors, who recently published the short ebook "If You Can: How Millennials Can Get Rich Slowly."</i><p><i>It clearly resonates. The book, available for free on his website and for 99 cents on</i> …

How One Woman Paid Off $23,000 Of Debt In 15 Months

"I felt hopeless about money, and the whole idea of trying to get out of debt was such a drag," recalls Newell Jones. "Not surprisingly, I did everything I could to avoid the topic."<p>Of her debts, which included credit cards, student loans, and a personal loan from her parents for college tuition …