Years ago, I worked at Bank of Boston, assigned to an international lending team that managed the bank’s branches and representative offices in Brazil, Bolivia and Paraguay. At the time Bolivia was experiencing uncontrollable inflation, with annual rates exceeding...
Mission Statements have long been one of my pet peeves. These short summaries of a company’s purpose, often global in ambition but lacking in specifics, have long enjoyed the favor of academics and investors alike. Most recommend, indeed insist, that...
Here’s some news from Newton’s Third Law department. You remember it: For every action there is an equal and opposite reaction. I recently received Worldwide Local Connect’s 2021 unemployment insurance tax rate notice from the Massachusetts Department of...
In less racially enlightened times the description, “too many chiefs and no indians” was used to describe a top heavy management team or work situation. While I would not recommend using this particular phrase today, entrepreneurs would do well to mind...
An entrepreneur recently told me that his food industry startup was about to close its Series A investment round but would make room for me were I interested in participating. I was intrigued. So, I asked for a copy of the term sheet . . . which did not arrive for...
