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Anthony Nassar, Founder & Principal, Venture Momentum, Inc.
 
  In This Issue
Note from Anthony
Interview with Jane Leu – A Social Entrepreneur Takes on the World
Article of the Month - Framing Your Brand by Reid M. Neubert
Anthony's Blog Picks
About Venture Momentum
  
February 8, 2006

Vol.3, Issue 2

Published on the second Wednesday of every month

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  Note from Anthony

Dear Reader,

This issue marks the second anniversary of Propel Your Venture, which was launched on February 11, 2004. I’d like to thank all those who have contributed to the success of this eZine: the experts who have shared their experiences in an interview or contributed an article, and you, the reader, for your feedback and support. As always, I welcome your comments and suggestions.

In this issue, I interview Jane Leu, Founder and Executive Director of Upwardly Global. This is an eye opener on how a social entrepreneur and her team are solving a big problem by using the same drive and techniques we have been accustomed to seeing business entrepreneurs use.

Reid M. Neubert recently published a very interesting article on “Framing your Brand.” With his permission, I am featuring his article here for your enjoyment.

Finally, I’m sharing my blog picks again as they were quite popular in last month’s issue.

To YOUR Venture’s success,

Anthony Nassar
Founder & Principal
Venture Momentum, Inc.
415-897-0195
http://www.venturemomentum.com

 
  Interview with Jane Leu – A Social Entrepreneur Takes on the World
 

Jane Leu

Anthony: Jane, what led you to start this project?

Jane: I started Upwardly Global because I saw a problem that nobody was doing anything about: there are nearly 250,000 permanent immigrants and refugees in the US who have skills, education and experience that go underutilized. These people are lawyers, accountants, doctors, and marketing directors in their countries, and here in the US they end up working as nannies, security guards and cab drivers.

Anthony: Describe the process you use to help your clients.

Jane: We have two programs: The Job Seeker Services Program and the Employer Network. The goal of the Job Seeker Services Program is to help immigrants gain the skills they need to enter the mainstream professional workforce. It’s about a 3 month program, during which we help them transform their resume into the American standard outcome-focused resume style. We also offer 5 workshops on interviewing, networking, job search strategies, communicating and surviving in the American workplace. We do intensive interview practice, because interviewing is one of the hardest things for immigrants. And we match each immigrant with a mentor who is an American professional in the same field. Finally, once the jobseekers are ready, we present them to our employer network and get them hired into jobs that fit their skills.

On the employer side, we are focused on helping companies improve their hiring practices around immigrants. It’s really an educational program that helps them understand foreign experience, foreign education, and how to interview immigrants. We have online training on cross-cultural interviewing techniques. We also get employers comfortable with immigrant candidates by having them look at our candidates and work with them closely so they can hire these individuals. This process is facilitated by our online resume database, where we post the resume of every immigrant we’re working with. Employers can search through this database by using a variety of search criteria.

These two programs are successful, thanks to our strong network of 150 volunteers, 50% of which are either immigrants or children of immigrants. So they are closely connected to our cause.

Anthony: Can you share some statistics about the people you have helped since you launched Upwardly Global (number of people, type of positions, etc.)?

Jane: We’ve worked with more than 300 immigrants from over 60 countries. About 50% are here as refugees who had to flee their countries because they were persecuted or had a well founded fear of persecution. They are generally between the ages of 28 and 50, and have approximately 9.5 years of professional experience in their home country on average. Nearly 40% are unemployed and 60% are underemployed. Those who are underemployed are not generally working full-time, and they’re making about $10/hour or less. We put them into permanent full-time benefited positions that pay anywhere from $24,000/year to $82,000/year, with an average of about $18/hour. So their mean increase in income is more than $15,000 in the first year. If we could solve the underemployment of all immigrants, getting them jobs with compensation on parity with their native-born peers, the US would see an increase of $131B in annual personal income.

Some of the different jobs we’ve placed people in are: personal banker at Wells Fargo, AdSense coordinator at Google, management consultant at BearingPoint, staff accountant at Wells Fargo, social worker with the state of California, energy analyst with the City of Roseville, and civil engineer with the City of Palo Alto. The positions we place run the gamut. Generally they’re entry to mid level positions, and one can move up pretty quickly.

Anthony: What resources do you use to fund your operation?

Jane: We have a variety of different resources. We receive donations from individuals and families (about 230 individual donors). Some of our notable donors are Isabel Allende, the author; Alfred Chuang, CEO of BEA Systems; and venture capitalists Bill Draper, Robin Richards Donohoe, and Sy Kaufman. We also have support from private and corporate foundations like the San Francisco Foundation, Wells Fargo Foundation, the Omnia Foundation and other smaller foundations. We’re funded by groups who support social entrepreneurs like the Manhattan Institute and Ashoka Innovators for the Public. Finally, 18% or our revenues come from money that we earn from the services we provide to corporations, and from the small fee we collect from job seekers. If anyone wants to donate to Upwardly Global, they should know that we create incredible impact on very limited resources.

Anthony: How did you get started with venture capitalists?

Jane: Foundations generally invest in non-profits with a very small amount of money for one year at a time. There’s really no commitment on the funding side that they’re going to be with you year after year. As a result, you can execute on programs, but you can’t really build the company, staff, capacity, technology, etc. There is a movement going in philanthropy based on the general idea that venture capitalists want to apply what they know from the business sector to non-profits. There are a number of funders who now want to do venture capital-like philanthropy, or venture philanthropy, by investing over a period of years and becoming a partner for the non-profit. They not only want to hear the good news but also the bad news, so they can figure out how to make things better.

We were really lucky because we connected with one of these venture philanthropy foundations, the Draper Richards Foundation for Social Entrepreneurship, started by Bill Drapers and Robin Richards Donohoe of Draper Richards L.P. and Draper International. They decided they wanted to do something for early stage social entrepreneurs. So we were their very first grant. They gave us $100,000 a year for 3 years, and took a seat on our board for 2.5 years, very much like the VC model. They were truly a partner for us in that they helped us build our organizational capacity and made introductions to some great people who became supporters. Their support helped us grow faster and made our model more efficient so that it could scale better. Such an approach is quite different from that of most foundations, which are happy with very small incremental growth and aren’t really interested in expansion and building a replicable model.

There is also Sy Kaufman from Crosslink Capital, who has been supporting us as well. We have often worked with him on business plans and other matters.

I think working with venture capitalists is a good trend. I hope more people get into it. I also think that for venture capitalists, this a very rewarding way to give away your money – to dig in with a non-profit and use the skills you have.

Anthony: You've won a number of awards for being a social entrepreneur. What does it mean to be a social entrepreneur?

Jane: Social entrepreneurs are just like business entrepreneurs. They are obsessive about what they do, driven, creative, and always looking for the next opportunity to grow their project. It starts with the social entrepreneur seeing a market opportunity or, as in our case, a problem in the market. Non-profits exist because there’s a deficiency in the market and because there’s not a clearing between supply and demand. In our case, there is a supply of talented people, but companies aren’t demanding it because of bias and xenophobia, or because they’re not familiar with how to evaluate the job seekers’ foreign experience and education. A social entrepreneur comes in and creates a solution that solves that problem. And it’s meant to be a systemic change, not a band-aid solution. That’s really the goal in the work we’re doing. Our work isn’t about fixing immigrants. It’s about fixing the hiring practices of employers so that they don’t overlook the vast supply that’s available to them.

I’m part of this group of social entrepreneurs called Ashoka: Innovators for the Public. They have about 60 social entrepreneurs in the US. Most of them are outside the US (2,500 in the world). Of the 60 in America, 18 are in the Bay Area. This is really a hot bed of social entrepreneurship as well as entrepreneurship. Because of that, I know so many people who have started non-profits. There’s really no difference between starting a business for profit vs. non-profit. Generally, you’re very much connected to the business world and have the same kind of personality and mindset as for-profit entrepreneurs. Starting a non-profit business is harder. You’re not working in a market environment where you can rely on regular forces at work. And you have a lot more constituents/customers such as funders, job seekers, companies and volunteers. All those people are vested in different ways. And you have to satisfy them all. So I think it’s a little bit more involved and challenging.

Anthony: What criteria do you use when recruiting a new member into your team?

Jane: With staff members, I look for professionals who are entrepreneurial. A couple of people here have started their own companies, and they have that experience of starting something. I also look for people who can deal with ambiguity because things are changing quickly and they have to be comfortable pitching in a lot of different ways. They also have to be multitalented, smart, self-directed, self-motivated, resourceful, and work well in a team. By resourceful, I mean that they know how to leverage the resources and assets we have. For instance, by efficiently and productively using the people involved in our network to get things done, since we have only 4 paid staff members.

Anthony: How do you leverage technology to gain efficiencies at Upwardly Global?

Jane: We use technology in a number of ways to try to be as efficient as possible and keep our staff costs low. We use it for our own internal performance measurement: to see how we’re doing, if we’re meeting our goals, and how our job seekers are doing as far as outcomes. We have extensive data on each person we’ve helped.

We have 1,600 people in our network, so we use contact management to keep track of all of them. There are interactive parts in our systems that allow us to do our service better. We have online registrations for events that we’re producing, and online applications for the job seekers and the volunteers. We’re able to collect all that information and have people get it right in the database immediately, instead of doing the input ourselves. This saves us a lot of time. Also, our website has been a really good attractor. We have a couple of interactive things on the website for companies, like the online training on cross-cultural interviewing techniques and the toolkit we’ve developed for companies on how to hire immigrants. And people can also make donations online.

The Cisco foundation and the Community Technology Foundation of California gave us a grant a couple of years ago to develop both our website and our database. The good thing is that we invested a lot in technology much earlier than I think other non-profits did. We were looking towards scalability and knew that we needed to have some way to track all this data not only for California, but also for when we opened in other areas. And I’m really interested, over time, in using data that can be taken by a research institution and producing a report about what happens to immigrant professionals as far as integration in the workforce. That research does not exist now.

Anthony: How do you measure success?

Jane: We look at success on both sides of the program we’re offering. We look at the numbers of job seekers we’ve served, the increase in their annual salaries, and the relevance to their previous careers (whether we were able to get them back into that same career field or into what they wanted). On the company side, we look at the number of companies we’ve engaged. We have a system for measuring our level of engagement with them and moving them along a continuum from just getting to know us to really being a champion for immigrant inclusion and having implemented those practices across their companies. We’re also tracking the way we are able to shift their mindset and their practices on the corporate side.

We do an annual action plan for each program and we set goals for such things as target number of job seekers, salary, and companies we want to move along the continuum this year. It’s a funnel approach. We always have a lot of people we’re reaching out to on the corporate side and trying to move along as we engage with more and more people within that company. And as we place more people within that company, they become internal advocates. We then have a lot of crossover with those companies. Some of our top employer partners are Wells Fargo, Bearing Point, and California State Automobile Association.

Anthony: What are your vision and objectives for the company over the next 5 years?

Jane: This is a pilot project here in San Francisco. We’ve been going with staff for almost 3 years. We’ve really worked out the model, and now we want to scale it up in 3 other locations. We want to focus on opening an office in NYC in 2006, in Miami in 2007, in Minneapolis in 2008, and to serve 5500 immigrants. We want to take what we’ve learned in San Francisco and be at a bigger scale in those places initially, instead of having to ramp up one staff member at a time as we have done here. Those are the cities we’ve looked at with a concentration of under-employed skilled immigrant professionals who have work authorization. And with NYC, which is our next target, there are 25,000 underemployed immigrants who could be our job seekers. Also, 87 of the Fortune 1,000 companies are headquartered there. So it’s a good alignment of the need and the solution.

Anthony: Can you share some of your success stories?

Jane: There are so many interesting success stories. We worked with this guy, Oscar, from Colombia, who was an entrepreneur. He had started a couple of different food companies in Colombia. He had to leave the country for his own protection and came to the US with his family. He was working in a car repair shop. He has a master’s degree with 15-20 years of experience. Most of our job seekers need to be more self-promotional. But Oscar had the opposite problem: he was overly promotional to the point that he was turning people off. We worked with him closely, had mentors for him, and gave him feedback. He adjusted his strategy and ended up getting a job as a site manager for a chocolate company. Now he’s tasked with opening a factory for Barry Callebaut Chocolate in American Canyon. He’s thrilled. It’s exactly what he wanted. It’s also an entrepreneurial role, because it’s a new factory. He had to hire 55 people in three months, and he hired 3 out the 4 people on his management team through Upwardly Global.

We also helped this woman from Mongolia, Daria, who had to flee her country and leave her two small children behind with her parents. She had been a very well known broadcaster/news anchor in Mongolia. When we met her, she was working at a coffee shop in Oakland making $7/hour. We worked with her and matched her with a mentor. Amazingly, one of the volunteers on our network is Dana King, news anchor on channel 5, KPIX. She helped Daria get a job at KPIX as a production assistant. Now Daria does a lot of the research for Dana’s stories. She’s very happy there and was finally able to rent her own apartment and her kids joined her last year.

Since then, she has made a video for Upwardly Global. She wanted to do something to give back. She assembled a team and went around for 8 days and filmed our job seekers and employers for an 8-minute video. She did the all the interviews, production, and editing.

Anthony: What is your Exit Strategy?

Jane: One of the things I think might happen is the following: we’re trying to create a demand through our services. And we have to subsidize the supply, because the supply is on the immigrant side. And we need to help get them ready for their job search. The market is never going to pay for that. But there may be a time when somebody out there is going to look at what we’re doing and go, “Wow! Here’s this tiny non-profit called Upwardly Global that has somehow been able to partner with Fortune 1,000 companies, and has big corporations paying them for the placement of immigrant professionals. Maybe there's an opportunity for my huge placement agency to offer the same kind of diverse, internationally trained, internationally experienced, bi-cultural talent.” Upwardly Global has a talent pool that, once people figure out how great it is, I can’t imagine they wouldn’t want to access it. If the income reaches a level where they could somehow effectively subsidize the training of the immigrants, there is a market opportunity for the for-profit world. This means the problem is solved.

Some non-profits exist to provide relief. Others like Upwardly Global exist to solve a problem where the market doesn’t work. If you can get to the point where you can bring those sides together and the market clears, then there’s really no point for the non-profit. That’s because a non-profit uses public resources that can then be directed towards other problems. For me, solving the problem in the marketplace is the exit strategy.

Anthony: What is your advice to entrepreneurs?

Jane: It’s important to remember that they call it your “life’s work” for a reason. Real results, especially in the social sector, don’t happen overnight. You have to keep going until the world catches up with your vision.

If you’re inspired by Jane’s cause and would like to make a donation to Upwardly Global, you may do so online. Thank you.

Bio

Jane Leu, Founder and Executive Director

Jane is an internationally recognized social entrepreneur and expert on immigrant workforce issues. She has 15 years of experience helping immigrants and refugees achieve economic integration. Before founding Upwardly Global, she was the Assistant Director for Resettlement at Lutheran Immigration and Refugee Service, and the Assistant Director of RefugeeWorks, which provides technical assistance to refugee employment programs. Jane has been on the founding side of numerous projects including seven refugee Welfare-to-Work programs, the early version of the Hauser Research Center for Nonprofit Organizations at Harvard University's Kennedy School of Government, and the Craigslist nonprofit venture forum. She has won numerous national and international awards for Upwardly Global's innovative model such as Ashoka: Innovators for the Public, Draper Richards Foundation for Social Entrepreneurship, Manhattan Institute Social Entrepreneurship Award, and Rockefeller Foundation Next Generation Leadership Program. Harvard University produced and currently teaches a case study on Upwardly Global. A frequent speaker on immigration issues and social entrepreneurship, Jane has spoken to diverse audiences including graduate students at Stanford and Harvard Universities, the National Conference of State Legislatures, and The Rockefeller Foundation Philanthropy Workshop. She holds a master's degree from Columbia University's School of International and Public Affairs and a bachelor's degree from Tufts University.

 
  Article of the Month - Framing Your Brand by Reid M. Neubert

Framing Your Brand
We've been framed and don't even know it!
By Reid M. Neubert

I just read a fascinating book: Don't Think of an Elephant, by George Lakoff. Lakoff is an expert in cognitive linguistics – I know that's quite a mouthful. Cognitive linguistics is the scientific study of the nature of thought and its expression in language. His specialty is applying the science to politics, especially the framing of public political thought.

While the book is billed as an "essential guide for progressives to understand the radical right," it was of particular interest to me as a marketing and branding consultant in its application to my field. The concepts Lakoff brings to light in the books are 100% applicable – and are in fact used already – in marketing the most successful brands. But the way in which Lakoff explains the concepts makes them especially easy to understand.

A Political Example

Here is a recent example of cognitive framing in the political arena: When George W. became president, his administration started talking up "tax relief." Tax relief. They didn't talk about tax cuts, but tax relief. Think of what a difference that choice of words makes in the impression that is relayed. Saying "we're going to cut taxes" is one thing, but saying that you are going to provide relief from taxes is quite another.

As Lakoff points out, the notion of "relief" implies that there is something, an affliction, to provide relief from. The reliever then becomes the hero of the situation when he provides the relief. This, at the same time, makes people who are against the proposal seem like villains because they oppose the hero.

That is how framing works. "Tax relief" is a framing term. In the end, through repetition of the framing term, people become convinced that this is a good thing, something to support, even if it may be, in reality, something very different than they think it is.

The notion of relief is common, of course, in advertising medicines. The commercial shows the suffering patient, talks about how the remedy will relieve her suffering, then shows the happy patient, now relieved by the medicine, which is the hero of the commercial.

Your Right to Frame

A sterling example of how terms can reframe a political debate was the naming of anti-abortionists as "right-to-lifers." "Anti-abortion" is a negative term, cumbersome and off-putting. "Right to life" on the other hand, is a positive expression, and a highly emotional one at that.

What is brilliant about the new term is that it did three things, as the best framing will do: First, it completely reframed the debate. It was no longer about being for or against abortion being legal, but about being for or against life itself! Second, it put the pro-abortion rights people at a distinct disadvantage from a linguistic, and therefore cognitive standpoint. The reframing moved them from the linguistically positive side to the negative side. Third, they were now on the negative side of what? Life! They could not successfully take up that framing terminology and say they are "anti-right-to-lifers"! That would not do at all.

In response, they came up with the term, "pro-choice." From a naming standpoint, that was an exceedingly difficult challenge, I'm sure. "Pro-choice" succeeds as a framing term in its own right because, like "pro-life," it is a positive rather than a negative statement. But, it will never be as effective as "pro-life." The concept of pro-choice requires a little rumination to integrate into one's thinking: "Choice is a good thing to have. What choice are we supporting here? Oh yeah, a woman having the right to choose." It doesn't immediately resonate emotionally like the term "pro-life" does.

But, our interest here is not about political commentary, it is about marketing and branding, so let's look at the applications of framing there.

Creating a Frame for a Brand

When we work on a branding strategy for a client, we look for what linguistic and/or visual concepts we can use to create an effective frame. In the case of a new product or company, we can create the frame from scratch, which is often easier. In the case of an existing product or company that we are rebranding, we have to consider the company's current perceptions by customers and prospects and its position in its competitive environment. Because brands live in the minds of the consumers, a new frame will only work if it is reasonably consistent with the perceptions now held by them. We can steer, but we can't necessarily bulldoze.

The strongest brands are those that have framing concepts that resonate with their customers. A classic example is Nike's "Just Do It." With those three words, the company effectively framed their brand as the one for people who are serious about sports, conditioning, and working out. That frame moved Nike out of just being an athletic shoe brand, albeit the leading one. It subordinates the weight of stories that their sneakers were made in Asian sweat shops. "Just Do It" frames Nike as being apart from the competition who are now "the other guys" who also make athletic shoes. It makes Nike athletic shoes somehow better than the other ones, because Nikes are for Serious Athletes. It's a club that beckons us to join, even if we are more couch potato than athlete.

That is how a resonant brand is built. Most companies, however, take a much more pedestrian approach. It can be risky to do something out of the ordinary, but that is what it takes. If a company is to succeed in building an exceptional brand, it cannot communicate from within the same frame as everyone else.

Owning the Market

It has traditionally been the case that the leading brand in a market would usurp that market. In other words, Hertz promoted rental cars. IBM promoted computers. In doing that, they framed their brands as being synonymous with those industries. That left their competitors as also-rans, comparing their offerings with the leaders'.

When we rebranded a self-storage company, I researched the market as usual and found that none of the other companies had framed their brands as being synonymous with self-storage. Public Storage perhaps comes closest just because the brand is so ubiquitous, but that is not sufficient. I realized that we could grab that opportunity, at least in their local area. So, in developing the company's marketing message, we extolled the benefits of using self-storage rather than saying how the company was superior to or different from its competition.

Most companies make the mistake of saying they are better, faster or cheaper in some way. The problem is that that is not a framing statement. You can't market yourself as being better/faster/cheaper if you want to be seen as owning the market. You have to create an ownership frame, and let the other guys try to show how they are better/faster/cheaper than you are.

Good Frame: Game Over

The brilliant thing about a well thought out linguistic frame is that as soon as the other side – or the competition – starts talking about the issue in terms of your frame, they've lost. As Lakoff points out, if one side can talk about their position in two words, and it takes the other side a paragraph to enter the debate, the two-word side wins every time.

Another important point, as we touched on above, is that a negative cannot be used either to create a frame or effectively combat one. Saying "our product contains no saturated fat" doesn't work. You'd think it would because that is a straight-forward statement, easy to understand. But it doesn't. It doesn't work because, first of all, using a negative to express a frame or position creates a negative impression. That's part of what we learn from cognitive linguistics. Another part is that many people will just start associating "saturated fat" with the product rather than remembering it as having no saturated fat.

What has to be done to create a new frame that will counteract an established one is to come up with one that presents your side, your position, or your brand in a positive light. "Pro-choice" does that. It doesn't argue the negative side of being "pro-life"; it presents that new frame of being pro-choice, which is a positive statement.

"Fat-free" is a positive way of expressing that a product contains no fat.

Create the New Frame

In branding, the most effective way to compete with an established brand is also to create a new frame. Hertz may be synonymous with rental cars, but Enterprise is the company that will pick you up. Coca-Cola, long the leader in colas, has been extremely difficult for Pepsi to beat. But once upon a time, Pepsi started to marketed itself as "the choice of a new generation." Remember that? Great framing! That moved Pepsi out of Coke's frame and into its own where Coke was at a disadvantage.

Think about it: Who drinks the most soft drinks? Young people. Pepsi's framing statement had the effect of reframing Coke as the cola for older people. Older people like their parents. Brilliant! The problem was that they could only use that frame for one generation.

More recently, Seven-Up reframed their soft drink as the Un-cola. That moved them out of the non-cola soft drink category into the cola category, by far the most popular one. In terms of sales, there was much more to be had in third place in colas than first place in non-colas.

Perhaps the best way to reframe something is to invent a frame that establishes a whole new category that it can own. The term "personal computer" did that, not for any one brand in this case, but for the whole product category. At the time, a "computer" was an unfathomably complex, hugely expensive, room-sized machine. The term, "personal computer," made the new, small machines seem like something regular people could relate to.

When Apple came out with the iPod, they adeptly framed it through design, branding, and marketing. The iPod isn't an "iPod MP3 player." Its framing created for the product an iconic status, completely separate from the rest of the MP3 player market. There is the iPod, then there are all the other devices. Ask kids what they want, they don't say they want an MP3 player, they say they want an iPod.

Reid Neubert + Friends
S M A R T E R  M A R K E T I N G ™

http://www.neubertweb.com
Tel: 415.924.8037

Copyright 2006 by Reid M. Neubert

Reid periodically writes and emails out articles like this one on marketing, branding, and the Web. If you would like to sign up to receive them, you can do so on his Web site.

 
  Anthony's Blog Picks

 

Here are my picks from recent blog posts. As I mentioned last month, there is no scientific methodology to the selection process. Just a short list of posts I found interesting.

 

David Cowan’s (Who Has Time for This?) Practicing the Art of Pitchcraft

Tom Evslin (Fractals of Change) Disrupting the Venture Capital Industry

Brad Feld's Does Your VC Understand 409A?

Seth Godin’s Flipping the Funnel--new ebook and Where big companies come from

Scott Maxwell's (Now What?) Show me the Metrics!

Chris Mercer's (Mercer on Value) A New Value Driver

Ed Sim’s (Beyond VC) Successful offshore practices - let them work on your crown jewels! and Where's your plan to manage your most important asset, your team?, and

Venture Blog ‘s Unique Technology Still Matters to Start-ups

 

If you haven’t already done so, be sure to visit Top Ten Sources. This is a great site that publishes a daily "Top 10" site of the best newsfeeds on the Internet, with a daily topic chosen by its team of editors.

 
  About Venture Momentum

At Venture Momentum, Inc., we work with start-up entrepreneurs who wrestle with finance and accounting. We help you put together the pieces of your financial puzzle by providing a solid foundation from which to successfully raise capital, manage growth and achieve liquidity. To learn more, give me a call at 1.415.897.0195 or visit http://www.venturemomentum.com.


Disclaimer: The information in the e-zine (the "Information") is current as of the date of the issue shown at the top of the e-zine. The Information is intended solely to illustrate general concepts and guidelines on various business subjects. It may not apply to specific situations. The Information does not constitute accounting, financial, tax, legal or other professional advice. You are urged to consult with a qualified professional who can understand your specific situation and advise you accordingly. No Information creates a warranty. All Information and links to other websites are provided on an ‘as-is’ basis without any warranties, express or implied, including warranties of merchantability or fitness for a particular purpose. In no event shall Venture Momentum, Inc., its authors, publishers, contributors and editors be liable for any indirect, incidental, special, consequential, or punitive damages of any kind whatsoever arising out of your use of this e-zine, the Information, and/or links to other websites regardless of the cause of action.
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