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Showing posts from May, 2015

Finance of Startups: For Dummies (Part 7 – Fitbit S-1)

Okay, so this round of the Finance of Startups, I’m going to dive into the S-1 for Fitbit – filing for its initial public offering (IPO) seeking $100M. I’ve been researching various finance concepts for a while now, and so I’d like to start putting more practice to the understanding with this kind of like David Cummings does. I figure if he’s successful and doing it, I could follow in his shadow, and take a crack and learning.

Fitbit, if you didn’t know, is well known for its wearables that count the wearers’ steps, calories burned, sleep habits, and the like. Fitbit devices are paired via Bluetooth with a user’s smartphone that then interprets the data to provide analyses and trends to the users. Fitbit is one of the first companies to really pave the way for the “quantified self” movement. But before I begin, here’s what an S-1 form is: The S-1 form, also known as “Registration Statement Under the Securities Exchange Act of 1933”, is required by the Securities and Exchange Commissi…

I’ve Finally Written 100 Posts – Here Are My Favorites

Wow… so this is what 100 feels like! Actually, it feels about the same as 52, 89, and 75. But it sure as heck feels a lot easier than 1-10. Since about October 2013, I’ve posted once every week, typically on Wednesday. Today, it’s second nature for me to write and share – takes about two hours per post including editing.
When I first started writing, I didn’t really have a clear-cut goal other than to start my path down “thought leadership”. I knew that I had already earned a lot of experience that I could put to use today, rather than wait several years when I was “older”. Although, the blog was under the moniker “Supply Chain Ninja”. I’ve rebranded to Entrepreneurial Ninja, so the earliest posts were about supply chain and consulting.
I saw the number of posts continue to climb, and it was only till I hit 90 where I really started to reflect on what I wanted to say on my 100th post. If you ask most people around me, this isn’t really a big deal to me. I mean… 100? Really? Over a …

Kenneth Cole Started a Film Company… Just Kidding. Sort Of

Last Thursday, I had the pleasure of hearing THEKenneth Cole give a keynote to MBA students at Emory's Goizueta Business School (GBS) as part of their Goizueta Marketing Strategy Consultancy (GMSC). I was there as a judge of the group presentations, not as a student.
A little intro to both: Kenneth Cole is the founder and designer of Kenneth Cole Productions, Inc. one America’s premier fashion brands today with products spanning shoes, clothing, bags, etc.GMSC is a program that allows Emory MBA students work in teams to solve very complex, real problems for some of the world’s top companies.
So I’m going to share the short story about the founding of Cole’s company that highlights some of the creativity and persistence I enjoy so much about entrepreneurship and then some good sound bites from his talk… Sadly, I won’t be able to do his comedic side justice, but maybe you’ll have the pleasure of hearing from him live one day, too. Till then… The Birth of a Shoe Company… As any good p…

The Mountain Biking Lesson That Gets Us Past What Stops Us

If you’re a mountain biker, you know the importance of picking a line, attacking it, and driving your legs to get through tricky terrain. Turns out, this line-attack-drive mentality is actually pretty applicable in the world of startups and entrepreneurship, too, but not just in navigating the treacherous terrain of entrepreneurship, but also in just starting out.
When I was younger, my buddy and I biked around the neighborhood looking for “mini-off-road adventures”. That meant going down stairs around the ‘hood, flying through the wooded backyards of neighbors, and occasionally, fording a creek bed near the neighborhood pool.
The creek had rocks and dips in addition to the slow current of the creek, so it made for a “risky” adventure – hey, we’re in the suburbs. The key to navigating the traps and obstacles was to find a line, attack it, and keep churning your legs.
At first, my buddy had trouble fording the creek either stopping well before entering the creek or right smack in th…