Look Before You Leap (A): Considering a Job Offer With an Early-Stage Company

2017 ◽  
pp. 1-9
Author(s):  
Steven Rogers ◽  
Sachin Waikar ◽  
Scott T. Whitaker
Keyword(s):  
Early Stage ◽  
High Growth ◽  
Point Of View ◽  
Entrepreneurial Firm ◽  
Start Up ◽  
Management Responsibility ◽  
Base Salary ◽  
The Difference ◽  
To Come ◽  
Real Person

In the fall of 2007 a senior director of product marketing at Qwest in Denver, Colorado, gets an offer to work for an entrepreneurial high-growth venture. The vision is for greater wealth, accelerated business opportunity, more thrill on the job, and faster path to leadership by pursuing a position with a start-up firm. Kiva Allgood has management responsibility in her current position (e.g., manages a high-budget portfolio), with compensation of $145,000 in salary and incentive bonuses up to 100% of base salary. She realizes that she is not prepared for the negotiation because she has only negotiated job offers within large firms. She needs to know what many of these entrepreneurial finance terms mean and to understand whether she is being offered terms and amounts commensurate with the value she feels she will bring to the entrepreneur. She also needs to understand her opportunity cost and the expected value of her options: staying with the current job, starting her own venture, or taking this offer at the entrepreneurial venture. She had no idea there were also so many additional, non-financial factors to take into consideration. With her future on the line, she needs to work through the numbers fast. The entrepreneur gave her five days to come back with a counter offer, which he considered a generous amount of time. In evaluating these questions, students will take Allgood's point of view. The case is based on a real job offer to a real person named Kiva Allgood. The entrepreneur and his firm are fictitious in order to heighten the issues in this situation.Exposes customary negotiations between a prospective employee and an entrepreneur, taking into account the valuation of the entrepreneurial firm, salary, stock options, ownership percentage, etc.; Examines the difference between considering a position with an entrepreneurial venture and one at a stable corporate organization; Looks at typical compensation criteria for entrepreneurial venture capital-backed firms; Introduces method for assessing an entrepreneur as a prospective future employer.

Public policy and high growth firms

2012 ◽  
Vol 27 (4) ◽  
pp. 329-331 ◽  
Author(s):  
David Walburn
Keyword(s):  
Public Policy ◽  
Early Stage ◽  
High Growth ◽  
Start Up ◽  
Growth Firms ◽  
Rates Of Growth

There are signs that public policy is catching on to an understanding that not only start-up firms can achieve high rates of growth. More research is needed to find out what the needs of more mature enterprises might be, before policy lurches away from supporting early stage companies.

scholarly journals Child in Time. Autobiographic Battles of Vladimir Nabokov

2020 ◽  
Vol 38 (2) ◽  
pp. 337-363
Author(s):  
S. S. Avanesov
Keyword(s):  
Early Childhood ◽  
Vladimir Nabokov ◽  
Point Of View ◽  
Individual Freedom ◽  
Ordinary Objects ◽  
The Past ◽  
Mutual Transition ◽  
The Difference ◽  
Autobiographical Work ◽  
To Come

This article is devoted to the analysis of autobiography as a form of anthropological practice of yourself. The autobiography of Vladimir Nabokov’s “Other Shores” has been investigated from this perspective in connection with his other works. The philosophical side of Nabokov’s memoirs is considered here. This made it possible to formulate the main problems of the writer’s autobiographical work: the ratio of memory and imagination when plotting, the difference between fact and event in the structure of memory, the degree of individual freedom from coercion of objective historical circumstances, the possibility of discerning the meaning of one’s own biography long before the end of physical life. As a result of the study, Nabokov’s autobiography is characterized as a struggle against time for personal immortality. In this struggle, the writer is not so much expressing as creating yourself. He takes an active position in the act of remembrance, directing memory into the mainstream of the search for the meaning of his past, starting from early childhood. A person who remembers himself gets the opportunity to break out of the linear course of time, to distinguish repetitions in the past and read them as signs of his biography. Finally, reconfiguring biographic optics allows the author to come to a point of view from which he, through ordinary objects, begins to see not only the past and the future in their mutual transition, but also eternity. Thus, the writer avoids the main threat hanging over the mortal creature – the prospect of its annihilation.

scholarly journals Chancellor A. Merkel's “Secret of Power”: Genesis (2005 ‒ 2013)

2021 ◽  
Vol 105 (5) ◽  
pp. 161-171
Author(s):  
Ekaterina Timoshenkova ◽  
Keyword(s):  
Leadership Style ◽  
Women's Leadership ◽  
Point Of View ◽  
The Political ◽  
Political Survival ◽  
Social Democrat ◽  
The Social ◽  
Personal Qualities ◽  
The Difference ◽  
To Come

The article is a study of the political phenomenon of German Chancellor A. Merkel, her special style of governance, objective factors and personal qualities that contributed to the construction of a long and successful career. The author analyzes in detail the period of governmental coalitions of the CDU/CSU with the SPD (2005‒2009) and the FDP (2009‒2013). It was the experience that had the greatest influence on the shaping of her image as a first female Chancellor of Germany. The theory of the difference between women's leadership and men's leadership is used in this paper. Through the prism of this theory we analyze the ways of struggle for leadership. The beginning of Merkel's career and the period of her ministerial activity were characterized by a harsh treatment of her rivals. Later she learned to do it in a softer way. The image of a consensual, supraparty leader, who knows how to find a compromise, is the result of Merkel's conscious work on herself. The need to be chancellor of a “grand coalition” and to cooperate with the SPD, an almost equal partner in terms of strength, contributed greatly to such a leadership style. The second legislative period helped A. Merkel to acquire the qualities of a “crisis manager”. In the conclusion of the article it is concluded that the basis of A. Merkel's political survival was the ability to learn quickly and adapt during various difficulties. From this point of view, the Frau Chancellor's main “teacher” was her first rival, the Social Democrat H. Schroeder. It was his political fate that allowed Merkel to come to a conclusion about the need to combine the post of chancellor and party leadership, which allowed her to stay in power for 16 years.

scholarly journals The Geography of ‘Otherness’: Spaces of Conflict in Smaro Kamboureli’s in the Second Person

Humanities ◽  
2019 ◽  
Vol 8 (1) ◽  
pp. 17
Author(s):  
Rocco De Leo
Keyword(s):  
Point Of View ◽  
The Self ◽  
The Other ◽  
Second Person ◽  
Abstract Language ◽  
The Difference ◽  
To Come ◽  
Different Levels

In today’s “liquid” society, boundaries and limits are shifting or disorienting: belonging to no place, not knowing where ‘home’ is, underlines the sense of uncertainty and in-betweenness experienced by people. This contribution suggests five spatial issues Greek-born Canadian author Smaro Kamboureli has to negotiate with in her ‘poetic diary’ in the second person, where she investigates the duality of the self, displaying the double “I” of the writer’s split subjectivity on a concrete (Greece) as well as abstract (language) place of living. Kamboureli’s account of a duel with and a paradoxical courting of what was and is now for her “the place of language” is related to the awareness of inhabiting a “third” zone of expectations: the difference of origin, of country, of point of view. In conclusion, the different levels of spatial negotiations Kamboureli has had to come to terms with have made her a completely different person. Her life on the border, epitomized in turn by airports, boats, Greece, and the Greek islands, is indeed an endless research of, as well as a conflict with, the ‘Other’, which opens up questions about the relativity of the space/place dichotomy.

Achieving and Sustaining New Knowledge Development in High-Expectation Start-ups

2010 ◽  
Vol 24 (1) ◽  
pp. 47-53
Author(s):  
Diego Matricano
Keyword(s):  
Competitive Advantage ◽  
Early Stage ◽  
High Growth ◽  
Knowledge Development ◽  
High Expectation ◽  
Knowledge Based ◽  
Start Up ◽  
New Knowledge ◽  
Start Ups

In markets characterized by strong competition, new knowledge and new knowledge development are generally recognized as the key means for an enterprise to gain competitive advantage. This knowledge-based competitive advantage is critical for all commercial ventures, but is especially so for high-expectation start-ups (technology-based ventures anticipating high growth rates). Even though the organizational processes of a start-up are still under development, the success of new knowledge development is affected by three critical factors – the structure of the enterprise, the organizational technology and the knowledge promoters. An analysis of these factors suggests that the role of the knowledge promoter is the key determinant of knowledge development success in the case of early-stage high-expectation start-ups.

When startups exit: comparing strategies in Europe and the USA

2018 ◽  
Vol 39 (3) ◽  
pp. 26-33 ◽  
Author(s):  
Alessia Pisoni ◽  
Alberto Onetti
Keyword(s):  
Early Stage ◽  
High Growth ◽  
High Tech ◽  
Venture Capitalists ◽  
Content Type ◽  
Early Exit ◽  
Start Up ◽  
The Usa ◽  
Local Companies ◽  
Start Ups

Purpose The purpose of this paper is to present an overview of trends toward start-up exits. Exits represent the “end phase” of the start-up process, at least for the founders and the early investors. For high-growth venture-capital-backed companies, exits are often considered the ultimate goal of building a profitable venture. These ventures are intended from the beginning to harvest the financial value created by the business at some point in the future, and return capital to early investors. Design/methodology/approach The authors tracked 5,744 merger and acquisition transactions that have occurred between European and US tech start-ups since 2012. Data are drawn from CrunchBase, the most comprehensive database of high-tech companies and investors with information on the companies and investors around the world. The authors then compared the trends of acquisitions between European and US companies. Findings Results show that US companies are far more inclined to make acquisitions than European ones. Acquirers of start-ups, both from Europe and the US, prefer to buy local companies. However, recently, US companies have started to show more interest in European start-ups. Thus, signaling that the European start-up ecosystem is growing and becoming more attractive for US buyers. Furthermore, results show that start-up exits typically happen within a few years after a company’s establishment. Research limitations/implications The research does not take into consideration the price of the transaction, or the amount of capital invested by venture capitalists in the high-tech start-ups that have been acquired. Further research should address this specific problem by helping European start-ups understand how to plan the exit phase within few years from establishment. Practical implications The results have important implications both for entrepreneurs/managers and policymakers. Early exit appears to be a global trend among start-ups. This suggests that the exit phase should be properly planned to happen in the very early stage of the start-up process. On the other hand, the research also shows that there is still a gap to be filled in the European start-up ecosystems’ ability to produce exits and create new large innovative companies (the so-called “unicorns”). Originality/value To date, there has been a little research about exits for young high-tech ventures. This paper will attempt to shed new light on this so far under-explored issue by specifically analyzing exits as financial strategy for investors and entrepreneurs.

scholarly journals Understanding the accelerator from resources-based perspective

2018 ◽  
Vol 12 (3) ◽  
pp. 258-278 ◽  
Author(s):  
Chul Hyun Uhm ◽  
Chang Soo Sung ◽  
Joo Yeon Park
Keyword(s):  
Early Stage ◽  
Point Of View ◽  
Success Rates ◽  
Access To Resources ◽  
Content Type ◽  
Study Approach ◽  
Start Up ◽  
The Usa ◽  
Start Ups

Purpose This study aims to explore Accelerators and their practices in sustaining start-ups within their innovative programs for these companies based on the resource-based perspective. Moreover, with an ever-increasing demand for Accelerators amongst start-up companies, this study also demonstrates the importance of Accelerators, as it pertains to new venture creation. Design/methodology/approach This research uses an exploratory case study approach to examine a comparative view of leading Accelerator companies in the USA and Korea based on resource support. Findings The results of this study show that there are a number of differences between Accelerators of the two countries in terms of the resources they support for early-stage start-ups. The findings also show some similarities. However, in Korea, the Accelerator landscape is limited, where mentorship, resources and investments are not readily accessible, resulting in low success rates for Korean start-up companies. These limitations have had a negative trickle-down effect when providing entrepreneurs with strong access to resources and investors, which highly affects the success rates of early-stage start-ups. Practical implications In terms of the resource-based theory, this study contributes to the growth of early start-ups by emphasizing the role of the accelerator and suggesting the extent and impact that entrepreneurs have access to resources and investors. Originality/value With significant growth in start-ups around the world, the necessity for start-up funding and mentorship has increased drastically. Start-up companies need various types of assets, systems, knowledge and information to achieve their goals. In Accelerators, start-ups receive all the aforementioned resources while also improving their entrepreneurial skills. Start-up companies have many options in seeking investors who support both tangible and intangible resources to boost growth. While there is a wealth of information on traditional funding methods, there are few studies that shed light on the role of Accelerators from the resource-based point of view.

A Study of Grain Growth and Microstructure Control in Silicon Nitride by Computer Simulation

1998 ◽  
Vol 538 ◽  
Author(s):  
Y. Okamoto ◽  
N. Hirosaki ◽  
H. Matsubara
Keyword(s):  
Silicon Nitride ◽  
Grain Growth ◽  
Early Stage ◽  
High Growth ◽  
Ceramic Materials ◽  
High Growth Rate ◽  
Seed Particles ◽  
The Difference ◽  
Grain Growth Behavior ◽  
Equiaxed Grains

AbstractA grain growth simulation technique is developed for microstructure design of ceramic materials by extending the Potts model. The simulation model has successfully reproduced the self-reinforced microstructure which is peculiar to silicon nitride, consists of large elongated grains and small equiaxed grains.To control the microstructure of silicon nitride further, a seeding technique is effective and often employed. Grain growth behavior of seed particles in the simulation is studied. It is found that the seed grains grow with a relatively high growth rate during the early stage of grain growth. In contrast in the later stage, the difference between microstructures with and without seed particles decreases. This behavior agrees well with that of actual silicon nitride. These results demonstrate the consistency of the simulation.

scholarly journals Institutional Change and Early-Stage Start-Up Selection: Evidence from Applicants to Venture Accelerators

2020 ◽  
Author(s):  
Valentina A. Assenova
Keyword(s):  
Developing Economies ◽  
Early Stage ◽  
High Growth ◽  
New Venture ◽  
Institutional Changes ◽  
New Firms ◽  
Institutional Reforms ◽  
Start Up ◽  
Average Probability ◽  
Start Ups

Existing research at the nexus of institutional theory and entrepreneurship suggests that lowering institutional barriers to forming, growing, and exiting new firms can affect the types of start-ups that entrepreneurs found in a region. These institutional changes could influence entrepreneurs’ perceptions of the value of partnering with venture accelerators and potentially improve these sponsors’ capacity to select high-growth start-ups to fund and develop. This study evaluates these ideas by developing and testing three hypotheses. First, institutional reforms improve entrepreneurs’ perceived value of venture accelerators for resources that affect new venture development. Second, they reduce the average probability of being selected for new applicants, due to a surge in the number and heterogeneity of new applicants within accelerators’ local ecosystems. Third, institutional reforms increase the quality of selected cohorts for accelerator managers due to increases in the average quality and human capital of new applicants. To evaluate these hypotheses, I analyze data from 13,770 applicants to venture accelerators over multiple application cycles between 2016 and 2018 in 170 countries. I use a differences-in-differences design to estimate the effects of institutional changes on start-up selection after regulatory reforms that reduced the time and procedures to start new firms, obtain credit, and resolve bankruptcy for entrepreneurs. The findings have valuable implications for how governments, especially those in emerging and developing economies, can support high-growth entrepreneurship.

Pleasure as a Sign of Efficacy of Mental Activity

1997 ◽  
Vol 2 (3) ◽  
pp. 226-234 ◽  
Author(s):  
Michel Cabanac ◽  
Chantal Pouliot ◽  
James Everett
Keyword(s):  
Evolutionary Psychology ◽  
Magnitude Estimation ◽  
Mental Activity ◽  
Point Of View ◽  
Macintosh Computer ◽  
Science Students ◽  
Cognitive Efficiency ◽  
Sensory Pleasure ◽  
The Difference ◽  
Mental Tasks

Previous work has shown that sensory pleasure is both the motor and the sign of optimal behaviors aimed at physiological ends. From an evolutionary psychology point of view it may be postulated that mental pleasure evolved from sensory pleasure. Accordingly, the present work tested empirically the hypothesis that pleasure signals efficacious mental activity. In Experiment 1, ten subjects played video-golf on a Macintosh computer. After each hole they were invited to rate their pleasure or displeasure on a magnitude estimation scale. Their ratings of pleasure correlated negatively with the difference par minus performance, i.e., the better the performance the greater the pleasure reported. In Experiments 2 and 3, the pleasure of reading poems was correlated with comprehension, both rated by two groups of subjects, science students and arts students. In the majority of science students pleasure was significantly correlated with comprehension. Only one arts student showed this relationship; this result suggests that the proposed relationship between pleasure and cognitive efficiency is not tautological. Globally, the results support the hypothesis that pleasure is aroused by the same mechanisms, and follows the same laws, in physiological and cognitive mental tasks and also leads to the optimization of performance.

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