In the course of a week, I probably end up with between 40-50 articles I want to read but don’t, so by the time I get to the weekend, I pull up my ReadItLater list, and try to sift through the good stuff. I thought I’d help save you some time while still making sure you see some prime articles from the past week. I’m calling it your “lighter” weekend reading. Clever, huh???
Anywho… check these out!
The Lighter Version: Start-ups usually hire outside accountants. In-house financial direction can be worth-while in the right circumstances. You may need to pay your CFO six figures, consider a part-time CFO if you can’t afford full-time. A full-time CFO can deal with investors which frees up the CEO’s time for other stuff. (via Darren Dahl at New York Times)
The Lighter Version: Start-ups usually hire outside accountants. In-house financial direction can be worth-while in the right circumstances. You may need to pay your CFO six figures, consider a part-time CFO if you can’t afford full-time. A full-time CFO can deal with investors which frees up the CEO’s time for other stuff. (via Mashable)
The Lighter Version: A new accelerator (Gen Y Capital Partners) was announced this week to help recent graduates launch businesses. Accepted graduates could be relieved of up to three years of their student-loan debt. Companies also get $250,000+ in start-up capital in exchange for an equity stake in their prospective ventures. Participants need to qualify for the new “Pay As You Earn” plan proposed by President Barack Obama. Awesome idea to give graduates an option to start a business instead of feeling financially stuck working for a big corp. (via Sarah E. Needleman, WSJ)
Lighter version: Adriana Gardella from the New York Times has written a few posts about Pipeline Fellowship program, which is an awesome new initiative which helps coach and support women to become angel investors. They’ve just invested in a company (PhilanTech) that develops and sells an online grant-management tool for nonprofit organizations and foundations. Both seem like great ideas – the Pipeline Fellowship serves as a bridge to bring an underrepresented demographic (women) into the early-stage business investing space, and PhilanTech is basically a smart niche CRM tool for nonprofits. Awesome to see this kind of innovation in the early-stage funding space. (via Adriana Gardella, New York Times)
The Lighter Version: The Treasury issued a report saying that “small” businesses with revenues between $10,000 and $10 million only account for 17% of new jobs. The statistic is somewhat skewed because a lot of “small businesses” actually only have 1 employee. The “small businesses” that people like to reference for creating a lot of jobs are actually startups, which Tice notes are less likely to survive but the ones that survive really take off and create jobs. Worthwhile read that dispels some of the stats news pundits like to throw around. (via Carol Tice, Entrepreneur Media)