How do you know when you should change your business or keep doing things the same way? Applying two principles, Security and Economy of Force, will help you determine what type of problem you’re facing before you decide how to analyze it. Here, we’re going to talk about making decisions that increase your business’s risk.…
Read MoreA recent Forbes article describes the alternative fee problem, how to reasonably price legal fees using something other than an hourly basis, as a potential application of big data analysis. Conveniently, we said this over three years ago in describing the data needed to create alternative fee structures. Some corporate clients have enough legal liability…
Read MoreThe industry group for public company directors, the NACD, recently announced that they’re producing a guide to compensation structures to help connect pay to performance. The purpose is apparently to guide corporate directors, in part because directors on compensation committees are under unprecedented pressure to define the strategy and rationale for their executive compensation decisions.…
Read MoreA founder recently asked about how much money to raise and when. Specifically, he asks about choosing between splitting a $1.4m, two-year round into $800k for year 1 and then $600k for year 2. The key issue in splitting rounds is raising enough money (including your cushion) to get you to the next major valuation-bumping…
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