Miscellaneous

Spanx Founder Sara Blakely Just Gave $10,000 to Her Employees–and a Valuable Lesson to Business Owners

Spanx founder Sara Blakely is sending her employees around the world–and offering a good lesson for other business owners.  After announcing an acquisition deal with private equity firm Blackstone last week, Blakely announced on Instagram that she is doling out $10,000 and two first-class plane tickets to every member of the shapewear company’s staff.  “This is a very big moment […]

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5 Startups That Are Shaping the Future of the Health Care Industry

“The fourth industrial age is here,” says Daniel Kraft, a health care futurist and medical doctor. “It’s transforming how we get our digital banking done, how we stream movies. But health care is still stuck in the third–or maybe the second–industrial age, with fax machines and CD-ROMs.” Specifically, innovations such as artificial intelligence and machine learning have been stubbornly […]

Miscellaneous

Praise Is Your Secret Superpower

My latest book, From Start-Up to Grown-Up, is based on my two decades of coaching startups such as Venmo, Etsy, DraftKings, and The Wirecutter. I share practical advice on the key areas you need to grow from a founder to a CEO. In the excerpt below I talk about how positive reinforcement can take your team from […]

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Want to Hire Talented People and Improve Results? Research Says Offer Paid Parental Leave

Great employees are worth a lot more — to your teams, to your customers, and to your bottom line — than average employees. Anecdotally, Netflix CEO Reed Hastings thinks the best programmers deliver between 10 and 100 times the value of an average programmer. More scientifically, a 2015 study published by Harvard Business School that analyzed data on approximately 60,000 […]

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How to Tell If a Venture Capitalist Will Actually Add Value to Your Startup

These days, deals are extremely competitive, and every venture capitalist (VC) wants an edge. As an in-demand founder raising capital, you’ll hear VCs talking about the factors they bring beyond the money, whether it be their “deep founder alumni network,” the “senior-level industry advice specific to your niche” or the mystically ambiguous “board-level connections” in […]

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Want to Make an Industry-Changing Product? Look to Other Industries for Inspiration

For Jonathan Propper, CEO of direct-to-consumer laundry detergent company Dropps, doing the laundry isn’t a chore. It’s a family affair.  In the mid 1980s, Propper’s mother, Lenore, created the first version of Dropps’ low-sudsing solution (originally called Cot’n Wash) because commercial detergents were too harsh on her sweaters. The mother-son duo had been running a cotton […]