by Mike Goodrich | Jan 12, 2022 | 2021, 2022, Birmingham, Birmingham Funded Start-Ups List, COVID-19, Entrepreneurial Assessment, Entrepreneurialism, Small and Medium-Sized Businesses, Start-Ups
As always with the new year, we’re taking some time to pause and reflect. First Avenue does so by compiling our annual list of funded start-ups in Birmingham, which helps us analyze the health of the city’s entrepreneurial ecosystem. I also like to take stock...
by Mike Goodrich | Feb 26, 2021 | 2021, Business Lessons, Entrepreneurialism, Financing, Small and Medium-Sized Businesses, Start-Ups, Valuation
Part One of Three: Valuation[1] The question of how one should value an early-stage company is often asked, but usually has no good answers. If the opportunity is large enough (which is the goal with venture capital), a thorough valuation is perceived as irrelevant....
by Mike Goodrich | Aug 27, 2020 | 2020, COVID-19, Entrepreneurialism, Financing, Small and Medium-Sized Businesses, Social Capital and Social Entrepreneurialism, Start-Ups
In his essay released on April 18, 2020, in the midst of the COVID-19 Crisis, Marc Andreessen — famed venture capitalist and founder of Netscape — implored businesses, business people, and society to build great new things – in healthcare, in education, in...
by Mike Goodrich | May 1, 2020 | 2020, Business Lessons, COVID-19, Entrepreneurialism, Financing, Start-Ups
Pre-COVID-19, I told someone that I did not like SAFEs and convertible notes. I wish I could find that person now; I would assume a little more credence. Regardless, for what it’s worth, I didn’t like convertible debt or SAFEs before COVID-19. Now, I really...
by Mike Goodrich | Apr 17, 2020 | 2020, Entrepreneurialism, Small and Medium-Sized Businesses, Start-Ups
Originally posted on Mike Goodrich’s LinkedIn page Since we are still in a humanitarian crisis, pontificating on the financial crisis remains conjecture and speculation. Of course, however, as we work from home, readjusting our near-term schedules and work...
