Some interesting links we found across the web this week:
How to Protect and Retain Control Over Your Business
It’s very common for founders to be worried about losing control of their company as it grows. However, there are ways that a founder can protect and control their expanding business, even if they have to give up a board seat. Check out this easy-to-read article from Entrepreneur that explains such mechanisms to maintain control.
7 Startup Laws of Finance That You Dare Not Shortcut
Why do many startups fail in their early years? According to this article, it often stems from a mishandling of common business finances. If you are a founder or investor in a startup that hasn’t reached positive cash-flow yet, check out this AlleyWatch article for the seven most common finance-related mistakes. The article also provides tips on how to avoid these pitfalls.
How the Biden Administration is Approaching Crypto Regulations
The crypto-world has been waiting to see how regulations will be handled under the Biden administration. Under the Trump Administration, Treasury Secretary Steven Mnuchin had proposed rather draconian regulatory proposals. Although it is still early to tell, it appears the Biden Administration will have a friendly attitude. Check out this article by TechCrunch for more information on the Biden Administration’s potential approach to cryptocurrency regulations.
How the Startup Investor Community has Responded to COVID-19 as the Pandemic Enters Year-Two
We never thought we would be here in the second year of the pandemic—but we’ve adjusted and reshaped our lives, and startups have done the same. While investors were initially concerned about the pandemic’s negative impact on startups, 2020 actually proved to be a successful year for the venture community. Many companies continued creating, moving forward and adapting to virtual-life. This Nasdaq article provides an overview of how startups fared in 2020 and provides useful survey results.
Dallas Booms as a Top US Hot Spot for Startups, Says New Report
It’s said that “everything’s bigger in Texas.” Startups are no exception. In recent years, Dallas has become a an active and vibrant hub for startup activity and new jobs. This CultureMap quick read provides US Census Bureau data on startups in Dallas in addition to other major cities in Texas. Perhaps it’s time to consider a move!