NBA: Wizards’ Wall fined $25,000 for bumping ref

first_imgJohn Wall #2 of the Washington Wizards gestures to the referee during the second half of its game against the Houston Rockets at Verizon Center on Nov. 7, 2016, in Washington, DC. AFPWashington, United States — The NBA fined Washington Wizards guard John Wall $25,000 on Wednesday for bumping into official Marc Davis during a game against the Houston Rockets on Monday.The Wizards were trailing 111-106 with less than a minute to play when Wall, making his way toward the bench, brushed Davis with one side of his body. He was promptly handed a second technical foul of the contest and ejected.ADVERTISEMENT Don’t miss out on the latest news and information. Davis said after the game that Wall was ejected “for inappropriate language and using vulgarity toward a game official.”Davis said that after Wall bumped him he wasn’t sure of his intent, but when he told the player to watch himself, Wall responded with a verbal outburst. The Wizards lost the game 114-106.FEATURED STORIESSPORTSGinebra teammates show love for SlaughterSPORTSWe are youngSPORTSCone plans to speak with Slaughter, agent“Washington Wizards guard John Wall has been fined $25,000 for inappropriate interaction with a game official and failing to leave the court in a timely manner following his ejection,” NBA executive vice president of basketball operations Kiki VanDeWeghe said. CBB Smart hosts first 5G-powered esports exhibition match in PH MOST READ PH among economies most vulnerable to virus Mainland China virus cases exceed 40,000; deaths rise to 908 Smart’s Siklab Saya: A multi-city approach to esports As fate of VFA hangs, PH and US forces take to the skies for exercise Taiwan minister boards cruise ship turned away by Japan PLAY LIST 01:31Taiwan minister boards cruise ship turned away by Japan01:33WHO: ‘Global stocks of masks and respirators are now insufficient’01:01WHO: now 31,211 virus cases in China 102:02Vitamin C prevents but doesn’t cure diseases like coronavirus—medic03:07’HINDI PANG-SPORTS LANG!’03:03SILIP SA INTEL FUND 30 Filipinos from Wuhan quarantined in Capas Where did they go? Millions left Wuhan before quarantine View comments EDITORS’ PICK Eagles resurgent We are young Sports Related Videospowered by AdSparcRead Next Shanghai officials reveal novel coronavirus transmission modes Chinese-manned vessel unsettles Bohol townlast_img read more

Read More →

Hate crimes reported in county decline 6%

first_imgNo arrests have been made, Los Angeles County Sheriff’s Department Detective Daniel Zumer said Thursday. In Pico Rivera, a gay Latino man’s car was scrawled with a homophobic slur, the tires were slashed and the antenna broken, the report said. It was one of 102 sexual orientation hate crimes last year, up from 95 cases in 2005. However, according to Zumer, investigators believed the Pico Rivera case might have involved an ex-boyfriend of the victim – something detectives were never able to prove, so the case remains classified as a hate crime. In another local case that was not highlighted in the report but was noted on a county map showing where hate crimes occurred, vandals scrawled anti-Christian graffiti last July inside a men’s bathroom at Biola University in La Mirada. But Marshal Wong, who helped compile the commission’s report, said the vandals also left a circled swastika with a line drawn through it and the letters “KKK,” also circled and with a line drawn through them. A racially motivated shooting in Norwalk and a homophobic incident in Pico Rivera were highlighted in the Los Angeles County Human Relation Commission’s annual report on hate crimes released Thursday. Overall, hate crimes were down 6 percent in the county last year from the year before, with 514 cases reported in 2006 compared to 633 incidents in 2005, the report said. Racially motivated hate crimes made up the majority of the cases, but homophobic attacks were up by 7 percent from 2005, according to the survey. It also said that conflicts between African Americans and Latinos remain “the most serious and troubling feature of intergroup relations in Los Angeles County.” Locally, the report highlighted the fatal shooting of an African-American man in Norwalk by Latino gang members, who shouted a racial epithet before opening fire on the victim as he waited for a bus on Excelsior Drive. While the incident was still categorized as a hate crime, Wong said no arrests were ever made, making it impossible to determine the culprit’s motive. Despite the overall drop in hate crimes, commission Executive Director Robin Toma noted there were about a half-dozen major hate crimes reported last year that generated headlines. At the beginning of 2006, a series of racially motivated melees broke out in county jails between black and Latino inmates. Months later, three young white women were attacked and beaten by nine black teenagers on Halloween night in Long Beach. Last December, four men on their way to a white supremacist rally stabbed a black man in Claremont. The same month, 14-year-old Cheryl Green was shot and killed in the Harbor Gateway area. Authorities believe a Latino gang member killed the teen because she was black. “I’m here today to put a face to the hatred and the violence that’s been going on in the county of Los Angeles,” Cheryl’s mother, Charlene Lovett, said at a news conference announcing the statistics. “To have your child, your baby taken away from you just due to the color of her skin, there’s no understanding to it,” she said. “You can’t make sense of it because there’s no sense to it.” A crime is classified in the “hate” category when there is evidence that bias, hatred or prejudice based on the victim’s real or perceived race, religion, ancestry, national origin, disability, gender or sexual orientation was a substantial factor. Last year, 237 blacks were the victims of hate crimes. Gays and lesbians were the second-most targeted group, with 102 incidents logged, followed by Jews, who were targeted in 65 crimes. “The fact that hate crimes have decreased overall in a continued trend since 2001 shows that we’re in the right direction,” Toma said. “However, when you look at all the different aspects in which hate crimes aren’t going down, such as anti-black hate crimes, anti-immigrant hate crimes, gang involvement, we know there’s a lot of work to do there.” Vandalism accounted for 189 of all hate crimes. There were 176 incidents involving assaults and 95 involving assaults with a deadly weapon. There were two hate crime-related murders and 13 attempted murders in 2006. The Commission on Human Relations found that 43 percent of all identified suspects were less than 18 years old. That’s a jump from 32 percent in 2005. A majority of juvenile suspects committed racial hate crimes, while suspects ages 18 to 25 committed the largest number of sexual orientation- and religion-based hate crimes. The commission’s report was based on data collected from the Los Angeles County Sheriff’s Department, 47 police agencies, school districts and local organizations. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Read More →

Symposium to discuss environment

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl eventStudents from local high schools will present solutions to environmental problems and audience members can vote on the best presentations, which will receive cash prizes. “The importance of this symposium cannot be stressed enough,” said Mayor Betty Tom Chu. “What better way to address these problems than to have young people involved at an early stage?” A year ago, the city created the San Gabriel Valley’s first “environmental commission” of residents, business people and high school students who meet monthly to examine the city’s environmental problems. “We were the first city in the San Gabriel Valley to have an environmental commission,” said Public Works Director Ronald Merry. Topics to be discussed include funding clean up of groundwater contamination left from World War II-era companies, and air pollution caused by cut-through traffic. MONTEREY PARK – Most residents take the water flowing from their faucets for granted, says city Councilman Mike Eng. “What \ happen if you went home and turned on the spigot, and nothing came out? Or if something brown came out? Or worse yet, a beautiful clear liquid came out but it wasn’t safe for consumption?” The city is guessing no one would approve, and will hold its first “environmental symposium” Saturday to discuss water quality and transportation issues. The symposium, from 9 a.m. to 12:30p.m. at Monterey Park City Hall, 320 W. Newmark Ave., will feature talks by water district leaders, an environmental chemist, transportation ex- perts and planners. “Monterey Park is surrounded by three major freeways. When traffic builds up on the \ 710 freeway it starts clogging our streets and those cars start idling,” Eng said. The symposium will also include displays of alternative fuel cars, 20 informational booths and raffles. shirley.hsu@sgvn.com (626) 962-8811, Ext. 2306160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Read More →

Muroc board will interview two

first_imgEvans, who held one of the two trustee seats designated for the community of Boron, was serving his second term, which ends this year. Evans’ replacement must serve out the rest of his term and run in the November election to keep the seat. karen.maeshiro@dailynews.com (661) 267-5744160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! BORON – A former trustee and a U.S. Borax employee have applied for the Muroc Joint Unified School District board seat formerly held by trustee Stan Evans, who died last month of cancer. The two applicants are Diane Boroff, who held an appointed seat from March 2003 to November 2004, and Patrick Ford, who works at Borax. The board scheduled Wednesday’s meeting as the time to interview the applicants and make an appointment, but Ford is out of town until next Monday and will not be present. Trustees will decide whether to go ahead with the interview process or postpone it, district officials said. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBasketball roundup: Sierra Canyon, Birmingham set to face off in tournament quarterfinalsBoroff, 48, is an office manager for a business in Kramer Junction. She ran in the November 2004 election but did not get elected. “I enjoyed working on the board,” Boroff said. “I foresee the board has lot of big issues coming before it on the budgetary side. We continue with growth of the Boron area, and I want to make sure the future of the children of the community are addressed, not just in Boron but also (Edwards Air Force) Base children.” Boroff said. Boroff has four children in the Muroc district, and one who had graduated. Ford could not be reached for comment. Evans resigned April 5 because of ill health. He died April 16. last_img read more

Read More →

Maurizio Sarri leaves Chelsea to become Juventus manager

first_img latest deals Man United transfer news live: Haaland ‘wants a change’, two players off in January Football’s top transfers from the 2019 summer transfer window so far Nonetheless, there was often supporter anger directed at the former Napoli boss over his style of play and team selections, and there were frequent calls for him to be sacked throughout the season.He leaves Chelsea after Juventus agreed to trigger the release clause in his contract, and has put pen to paper on a three-year deal with the Italian champions.Frank Lampard, Chelsea’s record goalscorer, is favourite to succeed Sarri at Stamford Bridge though no deal has yet been agreed with Derby to hire the 40-year-old. Maurizio Sarri has been appointed Juventus’ new manager to seal a return to Italy after just a single season at Chelsea, the Serie A club have announced.Sarri succeeds Max Allegri in the Allianz Stadium dugout after the former Juve boss announced his decision to leave at the end of 2018/19 after five trophy-laden years. Lampard appears to aim dig at Mourinho for handling of Salah and De Bruyne at Chelsea 1 LATEST Solskjaer gives Pogba fitness update and calls him world’s best all-round midfielder boost JIBE REVEALED OFFICIAL | Maurizio Sarri is the new Juventus coach. #WelcomeSarri➡️ https://t.co/ur5ixeCoQn pic.twitter.com/HO49X8HoUL— JuventusFC (@juventusfcen) June 16, 2019The 60-year-old joins from Chelsea after ending his lone season in English football on a high note, with the Blues winning the Europa League final in his final match.They went undefeated throughout their European campaign before beating Arsenal 4-1 in the Baku showpiece to lift the trophy, and reward Sarri with the first ever silverware of his managerial career.The Blues also finished third in the Premier League and reached the EFL Cup final to make it a solid, if at times shaky, debut campaign for Sarri. REAL DEAL Man United joined by three other clubs in race for Erling Haaland punished center_img Liverpool news live: Klopp reveals when Minamino will play and issues injury update Lampard, with former Blues midfielder and youth coach Jody Morris as his assistant, guided Derby to the Championship play-off final in his first season in management, though Aston Villa triumphed in the Wembley showpiece to seal a return to the Premier League.In a club statement, the Blues confirmed Sarri had asked to leave and an agreement had been reached for the early termination of his contract.Chelsea director Marina Granovskaia said: “In talks we had following the Europa League final, Maurizio made it clear how strongly he desired to return to his native country, explaining that his reasons for wanting to return to work in Italy were significant. IN DEMAND “He also believed it important to be nearer his family, and for the well-being of his elderly parents he felt he needed to live closer to them at this point.“Maurizio leaves Chelsea with thanks from us all for the work he and his assistants did during the season he spent as our head coach, and for winning the Europa League, guiding us to another cup final and a third-place finish in the Premier League.“We would also like to congratulate him on securing the role as big as any in Serie A and to wish him the best of luck for the future.” The biggest market value losers in 2019, including Bale and ex-Liverpool star LATEST FOOTBALL NEWS whoops Arsenal transfer news LIVE: Ndidi bid, targets named, Ozil is ‘skiving little git’ Tottenham issue immediate ban to supporter who threw cup at Kepa Did Mahrez just accidentally reveal Fernandinho is leaving Man City this summer? Video Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 1:50Loaded: 9.01%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:50 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreen Real Madrid ‘offer’ Isco to Chelsea in bid to ‘make room’ for Tottenham star Sarri delivered the Europa League Getty Images – Getty last_img read more

Read More →

Donegal Death Notices – Rest in Peace

first_imgDonegal death notices for today, Saturday, June 17. Gracie DUDDYThe death has occurred of Gracie Duddy, Madavagh, Lettermacaward. Reposing at her late residence from 10am today, Saturday, 17th June. Funeral Mass on Monday, 19th June, at 1pm in St. Brigid’s Church, Lettermacward followed by burial in the old cemetery. Rosary both nights at 10:30pm. House private from 11pm until 11am and also on the morning of the funeral. Peggy FORDE (née McNeilis)The death has occurred of Peggy Forde (née McNeilis), No 1 Woodlands Park, Lisnenan, Letterkenny, Donegal / Glenties, DonegalFormerly Ard Connell, Glenties. Removal from the Donegal Hospice took place yesterday evening to her residence. Removal on Sunday morning, 18th June, at 11am going to the Church of the Irish Martyrs for Requiem Mass at 11.30am with burial afterwards in Glenties Local Cemetery at approx. 2pm. Family flowers please. Donations, if desired, to the Donegal Hospice. Family time from 10pm until 10am and on the morning of the funeral.  Thomas PEARSONThe death has occurred of Thomas Pearson, Carrickmagrath, Ballybofey, Donegal peacefully at Letterkenny University Hospital, following a short illness. Beloved husband of Annie and much loved father of Thomas and George. Sadly missed by his wife, sons, daughter-in-law Roisin, grandchildren Maria and Mark, extended family circle, neighbours and friends.Remains reposing at his home from 6pm on Saturday June 18th. Funeral leaving his home on Monday June 19th at 1.15 pm for Service at 2pm in Stranorlar Parish Church, with interment afterwards in the adjoining Churchyard. Donations in lieu of flowers, if so desired to Meenglass Parish Church Building Fund, c/o any family member. Family time from 11pm to 11am, and on the morning of the funeral.Donegal Death Notices – Rest in Peace was last modified: June 17th, 2017 by Elaine McCalligShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegal death noticesobituarieslast_img read more

Read More →

Photo of the Week: Alpheus Starkey Williams Statue at Belle Isle State Park

first_imgSnow covers the Major General Alpheus Starkey Williams monumentWhile spring officially started on March 20, almost two weeks ago, you wouldn’t know it by the weather in southeast Michigan this weekend.Last night’s cold front brought frigid temperatures and snow flurries, which left a dusting of snow over everything.Including the Alpheus Starkey Williams statue in the middle of Belle Isle State Park in Detroit, Michigan.When I was birdwatching at the park today, the light dusting of snow gave the statue an interesting look and I had to take a few photos. About Alpheus Starkey WilliamsMany people who visit Belle Isle only know the roundabout as the option to turn toward the Aquarium/Anna Scripps Whitcomb Conservatory or head east to the Nature Zoo.Few take the time to read the encryptions at the base of the monument which highlights Williams’ history and achievements as a Detroit lawyer, judge, soldier, and public official.On one side of the monument, you’ll find the encryption:“The Michigan Commandery of the military order of theLoyal Legion of the United States and citizens of Detroithave erected this tribute to the valor and abilities ofAlpheus S. Williams, lieut-colonel First Michigan Infantry volunteersin the war with Mexico Brig-general and brevet maj-generalUnited States volunteers in the Civil War”On the other side of the monument, you’ll find another encryption:“Hero of two wars Judge, editor Postmaster, diplomatMember of Congress An untiring servant of the peopleAn honor to the City of Detroit”Williams served in the Mexican-American War and Civil War, minister to San Salvador (now El Salvador), and Congressional representative for Detroit before he died in office in 1878.The monument was erected on October 15, 1921. You can learn more about Williams at the Historical Detroit website.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to print (Opens in new window)Like this:Like Loading…RelatedPhoto of the Week: Snow Goose at Belle Isle State ParkWhile I’ve been thrilled each time I’ve seen a Snow Goose over the past three years (they’re rare birds in southeast Michigan, often seen as they migrate south), this weekend was the first time I’ve seen one that wasn’t several hundred feet away! Feeding with a flock of Canada Geese,…In “Michigan”Photo of the Week: Baltimore Oriole at Belle Isle Nature ZooWhile everyone else I knew was fast asleep on an early Sunday morning, I was up at 5:45am to head out the door for a morning of birdwatching at Belle Isle State Park in Detroit, Michigan. I joined 13 other birders (people who watch birds) in peering through my binoculars at…In “Nature”July 2017 User Experience and Web Professional EventsWhether you’re a user experience or web professional, you know it can be a challenge to keep your skills up-to-date, learn about new methods, and network with fellow web workers. And it takes time to find interesting local events. That’s why I publish a monthly calendar of user experience and…In “Calendar”last_img read more

Read More →

Big Data: Systems Of Insight to Revolutionize Businesses

first_imgIn 2011 in a whitepaper for AIIM, Geoffrey Moore coined the terms “System of Record” and “System of Engagement”.  Since then these terms have been picked up by and used frequently by analysts and organizations like Forrester, AIIM, HP and IBM.A System of Record is a traditional business software application designed so that the data is at all times correct and consistent.  Think financial, manufacturing or HR databases.  These are apps provide trustworthy reference information that let you look up a piece of data.Systems of Engagement, on the other hand, are applications that provide collaborative tools that allow people to network and share opinions and ideas.  Think of email, Twitter, Facebook and the variety of social networking apps.IBM has added another similar term to the discussion to describe the analytics and Big Data products that are increasingly popping up.  The term they’re using is: “System of Insight”.  Forrester and companies like HortonWorks have picked up on it.A System of Insight is able to access troves of corporate data and apply analytics to create new insights in how the company works and in identifying how the business can improve.  Eric Knorr of Infoworld explains that “the idea is to create business value by keeping analytics turned on all the time, so businesses can better target customers, predict system failures, or divine new patterns in everything from patients’ vital signs to supply chain seasonality.”Hans Peter Vibe, CTO at IBM said that “systems of insight will revolutionize the industry.”last_img read more

Read More →

2011: The Year the Free Ride Died

first_imgOut with the old, in with the new. One of the “old” ways of thinking that finally kicked the bucket in 2011? That users could get a free ride on Web services with no catch. As Robert Heinlein famously said, there ain’t no such thing as a free lunch (TANSTAAFL). This realization isn’t new for some, but the realization should finally be kicking in for mainstream users as well. The combination of Google’s housecleaning spree, relentless Facebook redesigns and privacy gaffes, and popular services being bought, being ruined or just going dark, users should be getting the hint: The free ride is over and the bill is due.Don’t Be a Free UserServices and software that has no revenue model at all makes me nervous as a user. The problem isn’t unique to Web services. I’ve watched well-supported FOSS projects grow and prosper (Firefox, Linux, Hadoop, Apache, etc.) while hobby projects that I’ve taken a liking to eventually sputter and fail because the lead (usually only) developer or developers couldn’t swing development in addition to a full-time job. For mature, well-supported and innovative services, you need money. What’s more, you need a direct correlation between satisfied users and income. Ad revenue doesn’t cut it.I particularly liked the post by Maciej Ceglowski on the Pinboard blog asking users to join “the anti-free-software movement.” The idea? “If every additional user is putting money in the developers’ pockets, then you’re less likely to see the site disappear overnight.” Ah, but what about sites that don’t have a business model or don’t provide paid accounts? Ceglowski says “Yell at the developers! Explain that you are tired of good projects folding and are willing to pay cash American dollar to prevent that from happening.” I also like the Minimal Mac idea of just mailing money to a service to force services to allow users to pay directly. Years ago, I was an enthusiastic user of Delicious (back when it was “del.icio.us”). If the developers had asked for a monthly or yearly fee, I’d have happily paid up. Instead, it went over to Yahoo and … well, very little happened. Despite all the noises Yahoo emitted after the announcement, very little actually happened with Delicious and eventually, Yahoo decided they really didn’t want it so badly after all. As our own Marshall Kirkpatrick wrote on the relaunch under new management, “the best parts of the old site have been lost… maybe we should all just go grunt and Like things on Facebook after all.”You’re the ProductMarshall was being facetious, of course. Facebook is the last site that users can depend on. Facebook has only one consistent feature that its customers can depend on, and that’s its users. Oh, wait. You didn’t really think that you were Facebook’s customer base, right? When it comes to Facebook, Twitter, Google+, Tumblr and others you’re the product. “There ain’t no such thing as a free lunch.” (TANSTAAFL) ~ Robert Heinlein from The Moon is a Harsh MistressOver on Facebook’s “about” page for advertising the company says “the people who built Facebook wanted it to be free for everyone. It now costs over a billion dollars a year to run Facebook, and delivering ads is how Facebook pays for this.” That billion dollars a year isn’t coming from its users.Facebook doesn’t exist to connect its users to one another, Facebook exists to connect users with advertisers. You’re not getting a free ride on Facebook, you’re paying for it by seeing a barrage of targeted ads. You’re paying for it by letting Facebook mine your personal information to sell data to marketers.Update: Facebook has contacted me to note that it does not sell data directly to marketers. Facebook does provide some aggregated data to marketers, but not individualized data. Apologies for the error.That may be OK, it’s certainly not a new concept. You don’t get TV shows for free, or radio programs or much else. The big difference between Web services like Facebook and other ad-supported media is that you’re making an investment in Web services that’s hard to move to another service. I’m not the first person to make that observation, but this seems to be the year that users are finally starting to realize it en masse. Even my friends outside of the tech industry have started to remark on frustrations with Facebook, and taken note of why they have no control. Taking ActionRealizing and acting are two different things, of course. One of the final straws, for me, was the gmail redesign this Fall. I switched to Gmail years ago because it was so much easier than managing my own mail server. Not to mention, the Webmail interface was better and more convenient than Thunderbird or Mutt. Little by little, Gmail is less appealing to me. So I’ve resolved to make the switch in 2012 to hosting my own mail and setting up my own Webmail. And I’ll continue looking for and supporting services that I find useful, like Dropbox, Evernote and Instapaper. All of which I pay for now. If a service doesn’t have a way for me to support it directly, and isn’t depending on my support, I’m going to be very wary of depending on it. I’d recommend you do the same. Tags:#Analysis#cloud joe brockmeier 1 8 Best WordPress Hosting Solutions on the Market Why Tech Companies Need Simpler Terms of Servic…center_img Related Posts A Web Developer’s New Best Friend is the AI Wai… Top Reasons to Go With Managed WordPress Hostinglast_img read more

Read More →

5 Tips for Raising a Venture Round

first_imgRelated Posts Tags:#Features#Gritty Entrepreneurs#start#StartUp 101#startups#tips sean ammirati While certainly not every business needs to raise venture financing, it is the path for many high-growth technology startups. Therefore, going down the fundraising path is something many technology entrepreneurs will need to do and is a critical step in the development of their business. This can be an intimidating experience so I’ve put together a list of five tips for raising a venture round. This is by no means an exhaustive list so I’d love to hear other suggestions from you in the comments of this post. Editor’s note: This story is part of a series we call Redux, where we’re re-publishing some of our best posts of 2011. As we look back at the year – and ahead to what next year holds – we think these are the stories that deserve a second glance. It’s not just a best-of list, it’s also a collection of posts that examine the fundamental issues that continue to shape the Web. We hope you enjoy reading them again and we look forward to bringing you more Web products and trends analysis in 2012. Happy holidays from Team ReadWriteWeb! Tip 1: Make Sure You Are Ready to Scale First, before you even start the process of raising a lot of money, make sure you have figured out your model and are truly ready to scale. Earlier this week on ReadWriteStart, Steve Blank used research at The Startup Genome Project and explained:One of the biggest surprises is that success isn’t about size of team or funding. It turns out Premature Scaling is the leading cause of hemorrhaging cash in a startup, and death. If you’re early in the investment process, a small angel round or partnering with an accelerator may be the best approach. In fact, research conducted by the Startup Genome Project found that the best practice in the first phase, a.ka. discovery, is to only raise between $10,000 and $50,000. Tip 2: Have A Real Lead Next, if you are going to raise a round, find one or two partners to do it with. As Mark Suster pointed out yesterday on his blog, he’s seeing more and more cases where “entrepreneurs are working hard to make sure they have as many VC names and famous angels on their cap table for signaling value.” He explains five problems with this and I couldn’t agree more. Remember, once you screw up your cap table it’s really hard to go back. So in your first few funding rounds, try to raise money from as few people as possible and make sure they really will help. Tip 3: Conduct Diligence on Your Potential Investors When you get close to finding a lead, don’t be afraid to ask to speak to some CEOs who have worked with the firm. They are going to poke and prod your business to figure out if you’re someone they want to work with. You should figure out the same thing. Pay special attention to investors who are willing to introduce you to CEOs of their portfolio companies that went through hard times. This is when your potential investor will really show how committed they are to the companies they invest in. Tip 4: Really Understand Key Terms Once you get the term sheet make sure you know how to read it. I strongly recommend reading Brad Feld and Jason Mendelson’s Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist. This will give you tons of information on all the terms you’ll encounter when raising a venture round and how they could impact your deal. This includes things like how liquidation preferences impact future rounds and ultimate liquidity, to why VCs ask to expand an option pool before investing as part of their term sheet. Too many entrepreneurs focus exclusive on the valuation number and this book can really help you understand all the implications around the term sheet you receive. Tip 5: Remember Time Kills Deals Once you have a term sheet you are happy with, don’t over negotiate. You have a business to run and more importantly don’t forget one of the first principals of any sales process: “time kills deals”. The worst thing that can happen is for you to drag your feet over some meaningless terms (which you’ll understand are meaningless thanks to reading Brad and Jason’s book above) and end up having your potential investor get cold feet or even have something that’s outside your control change. Just get the deal done once you’re happy with the material terms and have an investor you trust and want to work with. Bonus Tip: Run a Great First Board Meeting When the cash is in the bank, you’re not done; in fact you are just starting. Once you’ve raise your round, you’ll almost certainly end up with at least one new board member. It’s really key that you run a great first board meeting at this point. If this is your first round, this may be the first formal board meeting you’ve had, so prepare for it and make sure you know what you want to accomplish. This will set the tone for future board meetings so make sure that board members take your meetings seriously. There are a number of great posts on this topic and I may try to summarize these in a future post, but one of my favorites for now is from Guy Kawasaki on “The Art of the Board Meeting.” As I said at the beginning of this post, this isn’t an exhaustive list. I’d love suggestions in the comments below for other tips when raising a venture round. Thanks to Mark Coggins for creative commons use of the photo. Top Reasons to Go With Managed WordPress Hostingcenter_img A Web Developer’s New Best Friend is the AI Wai… Why Tech Companies Need Simpler Terms of Servic… 8 Best WordPress Hosting Solutions on the Marketlast_img read more

Read More →