Jut read a great post by Dave Berkus on how to teach, think about, and resolve tricky ethical issues in business. In my experience, if you are absolutely and unwaveringly committed to doing the right thing in these kinds of situations, you are more likely to end up embracing what Dave calls a Kobayashi Maru solution, where you allow the necessity of the situation to force you to change the rules or find another larger solution set from which to choose.
Archives for May 2011
At Launchpad Venture Group, we require entrepreneurs to have their final deck to us three full days before their pitch. Seems arbitrary, but we do this for a couple reasons:
First, our meetings are very tightly scheduled and we want to make sure we have everything in hand well in advance and tested on the equipment so there are no last minute file scrambles, compatibility issues or version mix-ups to throw you off your game and ruin your one shot at a great pitch.
The second, and far more important, reason
I was helping a portfolio CEO today design the pricing for an important software deal with a key new partner. I’ve negotiated a lot of software licenses over the years, and had occasion to think a lot about how to build good pricing models. My thinking boils down to three key rules:
I gave a talk recently at EntreTech (http://goo.gl/uMJqX; @Entretech) and at the talk I promised I would tweet 20 bootstrapping ideas over the following few days. True to word I did so under the hash #20BootStraps, but I figured I would collect them all in one place, with two additional bonus ideas. So here they are: