Here’s the latest from VentureBeat’s Entrepreneur Corner.
Beware the trappings of liquidation preference – If you’re working on your initial round of funding and don’t know much about liquidation preference, look out. It’s the second most important deal term you’ll negotiate and it could have big implications on what you earn if your company is sold. Attorney Scott Edward Walker explains the term and its importance.
5 business apps every entrepreneur should have – There are a ton of apps out there, but figuring out which are best for startup owners can be tricky. Writer Shannon Suetos runs down five you can’t live without.
Why getting 10 customers is all that matters – While there’s no shortage of people ready to launch startups, only a miniscule percentage of those have found people willing to pay for their product or service. Angel investor Jason Cohen takes aim at entrepreneurs’ lame excuses for not doing this.
8 things I wish I knew before starting a business – Startups are great adventures, but they’re also rife with opportunities for mistakes and failure. Don Rainey, general partner at Grotech Ventures, lists the eight most important things he has learned through his career.
EC Book Review: “Wired for War,” by P.W. Singer – A book on the advances in warfare might seem an odd choice for entrepreneurs, but Javier Rojas notes that this look at robotics can give startups insight into one of the fastest growing market opportunities out there.