Small Charities Week raises over £37,000 for small charities

first_img Tagged with: Community fundraising Events Individual giving Research / statistics small charities Small Charities Week raises over £37,000 for small charities Howard Lake | 10 July 2012 | News Last month’s Small Charity Week 2012, with its dedicated Fundraising Day on 14 June, has raised over £37,757 for small charities across the UK.Organisers The FSI, which support small charities (those with an income under £1.5 million) throughout the year, said that “this has been the largest Small Charity Week to date”. They announced the following fundraising results from the week:* Invest in ME – won a £200 donation for winning the Small Charity Week online pledge competition with 114 separate pledges of support for their organisation* Forest Sensory Services – won a £150 donation for holding the biggest Small Charity QuizThis has been the largest Small Charity Week to date:* The eBay Charity Checkout – raised £17,522.48 for the winners of the competition, who got to have their charities featured on eBay during each day of Small Charity Week.* The Biggest Small Charity Week eBay Auction – in its first year it raised over £12,500 for the 42 charities that took part.* The Biggest Small Charity Week Quiz – raised £6,177 “and we are still counting!”* The local Street Collections, organised by the FSI, raised a current total of £1,557.26The Small Charity Car Draw is still in progress, so the overall total is bound to be significantly higher. Now into its fourth year it has raised over £219,000 for 817 small charities so far. Last year the average raised by a charity was £423 but the highest was over £5,000. The winner of the draw receives a new Kia Picanto, thanks to the support of Kia Romford and GoCompare.In addition 103 hours of free expert advice was given by 41 advisors on Big Advice Day, which was hosted by UBS and sponsored by The Gallery Partnership.www.smallcharityweek.com About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  29 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

In February, there was a double-digit increase in tourist arrivals and overnight stays

first_imgDomestic tourists realized 94 thousand arrivals and 193 thousand overnight stays, which is an increase of arrivals by 14,7% and an increase of overnight stays by 10,0% compared to February 2018. Foreign tourists realized more than 170 thousand arrivals and 357 thousand overnight stays, which is 24,3% more arrivals and 15,1% more overnight stays compared to February 2018. Foreign tourists realized the most overnight stays in the City of Zagreb, 83 thousand overnight stays, which is an increase of 11,7% overnight stays compared to February 2018. Foreign tourists, except in the City of Zagreb, realized the most overnight stays in Dubrovnik, Rovinj – Rovigno, Podgora , Split and Opatija, which is 55,7% of the total overnight stays of foreign tourists. In February 2019, domestic tourists spent the most nights in the City of Zagreb, 33 thousand overnight stays, which is an increase of 20,1% overnight stays compared to February 2018. This is followed by overnight stays of domestic tourists in Opatija, Split, Dubrovnik, Rovinj – Rovigno and Rijeka, which is 39,3% of the total overnight stays of domestic tourists. Tourists in the age group 35-44 realized the most overnight stays The highest number of tourist arrivals and overnight stays in February 2019 was realized by the City of Zagreb, 60 thousand arrivals, which is 22,6% of the total arrivals and 116 thousand overnight stays, which is 21,1% of the total tourist overnight stays. Compared to February 2018, there were 12,4% more tourist arrivals and 14,0% more tourist nights in the City of Zagreb. This is followed by overnight stays of tourists from Austria (10,1%), Germany (8,0%), Italy (6,0%), the Republic of Korea (5,9%), Bosnia and Herzegovina (5,7%), USA (4,3%) and Serbia (4,2%). In the group Hotels and similar accommodation, more than 26 thousand rooms and suites were available to tourists (which is 50,9% of the total number of available rooms and suites) with a total of 51 thousand permanent beds (which is 43,2% of the total number of available permanent beds). The average occupancy of rooms was 33,4%, and permanent beds 28,6%. The City of Zagreb also has the highest number of tourist arrivals and overnight stays in February In February 2019, the highest number of tourist nights was realized in hotels, 370 thousand overnight stays, which is 67,4% of the total number of overnight stays. Compared to February 2018, the number of tourist arrivals in hotels increased by 19,8% and the number of overnight stays by 12,9%. In February 2019, more than 264 thousand tourist arrivals and 550 thousand tourist nights were realized in commercial accommodation facilities. Compared to February 2018, there were 20,7% more arrivals and 13,3% more overnight stays, according to data from the Central Bureau of Statistics (CBS). Most rooms and permanent beds available in the group Hotels and similar accommodation In February 2019, tourists from Slovenia realized the most arrivals and overnight stays of foreign tourists, 31 thousand arrivals and 72 thousand overnight stays (18,3% of the total number of foreign tourist arrivals and 20,2% of the total overnight stays of foreign tourists). Compared to February 2018, tourists from Slovenia increased their arrivals by 22,0% and the number of overnight stays by 18,1%. In February 2019, tourists in the age group 35-44 realized the highest number of overnight stays, 106 thousand overnight stays, which is 19,2% of the total number of overnight stays. They are followed by tourists in the age group 25-34, 97 thousand nights spent, which is 17,7% of the total number of nights. Slovenian tourists with by far the most arrivals and overnight stays Most nights spent in hotels The city of Zagreb is a favorite tourist destination for both domestic and foreign tourists In February 2019, 52 thousand rooms, apartments and camping places with a total of 118 thousand permanent beds were available to tourists.last_img read more

Arsenal board fear mass exodus if club sticks with Unai Emery

first_imgAlexandre Lacazette and Pierre-Emerick Aubameyang are considering their futures (Picture: Getty)Arsenal’s board fear Alexandre Lacazette and Pierre-Emerick Aubameyang could lead a mass exodus at the club if the Gunners stick with manager Unai Emery.Saturday’s 2-2 draw to Southampton was met with boos and calls of ‘Emery out’ by the crowd at the Emirates, who have seen their side win just one of their last seven Premier League matches.The Gunners are eight points off the top four and a failure to qualify for the Champions League would mean a fourth straight season outside Europe’s elite competition.The club have been locked in negotiations with Lacazette and Aubameyang over new deals at the club but have been frustrated in their lack of progress.ADVERTISEMENT Arsenal board fear mass exodus if club sticks with Unai Emery Advertisement Emery is clinging onto his job (Picture: Getty)The pair are waiting to see whether Arsenal can qualify for the Champions League before making a decision on their futures, while the fate of Emery is also likely to have a determining impact.AdvertisementAdvertisementThe Spaniard is clinging onto his job at the Emirates but the Arsenal board are willing to give him the remainder of the season provided the club are still challenging for a top four spot.However, the Daily Mail claim there is a significant fear among the club’s heirarchy that sticking by Emery will not only impact the club’s results but hinder their chances of keeping Lacazette and Aubameyang.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalIt’s claimed that the board fear other players will seek an exit as they’ve lost faith in the Spaniard’s methods.One problem is the lack of candidates willing to take charge of the Gunners midway through the season with first team coach Freddie Ljungberg the most likely option.MORE: Eden Hazard backs Liverpool star to win the Ballon d’Or Metro Sport ReporterTuesday 26 Nov 2019 10:37 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link2.5kShares Comment Advertisementlast_img read more

PKL 2019: Gujarat end Pro Kabaddi campaign with a big win over Titans

first_img First Published: 8th October, 2019 12:25 IST Also read | PKL 2019: Puneri Paltan Knock Telugu Titans Out Of The PlayoffsPKL 2019: Telugu Titans vs Gujarat Fortunegiants milestones SUBSCRIBE TO US FOLLOW US Also read | PKL 2019: Haryana Steelers Vs Telugu Titans Match Result, HighlightsPKL 2019: Telugu Titans vs Gujarat Fortunegiants match reportGB More and his super raid established a lead early on in the first half, but Siddharth Desai was determined. He brought Telugu Titans back into the game with a two-point raid. After an All-Out in the seventh minute, Telugu Titans had a 12-5 lead over Gujarat Fortunegiants. Both teams showcased a  strong defence in the first half. However, coupled with a few successful raids, Telugu Titans ended the half with a 21-13 advantage.  COMMENT WATCH US LIVE Also read | PKL 2019: Pardeep Narwal Scores 302 Raid Points, Overtakes SehrawatGujarat Fortunegiants dominated the second half. After a successful tackle by Pankaj, Sonu opened with a brilliant two-point raid. After an All-Out, Gujarat Fortunegiants reduced the score difference to only three points. Telugu Titans lost their lead with only a few minutes left in the game. More GB and Rohit Gulia’s successful raids further increased their lead. Telugu Titans brought in a substitute, Palle Mallikarjun, who impressed the audience. A massive four-point super raid by Sonu gave Gujarat Fortunegiants a 36-31 lead over Telugu Titans with six minutes left to go. Siddharth Desai fought on, trying to get his team to victory, but Gujarat emerged victorious with a ten-point lead. Siddharth Desai completed 150 touch points for PKL 2019. Siddharth Desai scored a total of 200 total points for PKL season 7. Vishal Bhardwaj completed 200 points in his PKL career. Siddharth Desai earned 50 bonus points for PKL 2019. More GB complete 150 overall raid points. Written By LIVE TV Last Updated: 8th October, 2019 12:25 IST PKL 2019: Gujarat End Pro Kabaddi Campaign With A Big Win Over Titans Gujarat Fortunegiants played their last PKL 2019 game on Monday, October 7 against Telugu Titans, and won. Here are the details and highlights for the match. Devika Pawar Also read | PKL 2019: Pardeep Narwal Scores 302 Raid Points, Overtakes Sehrawat Gujarat Fortunegiants ended their PKL 2019 campaign by defeating the Telugu Titans 48-38 on Monday, October 7. The match took place at Shaheed Vijay Singh Pathik Sports Complex in Greater Noida. Since neither teams have qualified for the PKL playoffs, this was Gujarat Fortunegiants’ last match for PKL 2019. Telugu Titans still have one match to go, which is on Wednesday, October 9, against UP Yoddha.last_img read more

Osimhen Says He’s in Wolfsburg to Learn

first_imgWolfsburg will be home to Ausburg on January 28.The Wolves are 13th on the table with 16 points from as many matches.Elsewhere, another Nigerian international, Wilfred Ndidi, who moved to Leicester City from Genk in Belgium trained with his teammates at English Premier League champions Leicester City for the first time.After completing the session, Ndidi voiced his sentiments about his new surroundings and objectives he wishes to achieve.The former KRC Genk man says he will gain plenty of experience at Leicester City after training with his team-mates for the first time on Thursday.“I feel good. My team-mates are nice people and they have welcomed me, so I’m happy.“My first impression was ‘wow.’ I trained and it was really good because it was really high intensity. I feel I can learn a lot here.“Claudio (Ranieri) welcomed me and then he explained to me how the team and everything worked, which I’ve sometimes seen on TV,” he told LCFC TV.The pace of the Premier League is notoriously difficult for new entrants to adapt to and the Nigerian star knows he must hit the ground running if he is to hit the heights at the King Power Stadium.He is now aiming to get a good understanding of how games in the Premier League unfold, as he prepares to ply his trade in one of the most highly-regarded leagues in the world.“I want to just try and understand how the game flows in the Premier League and then work towards that.“For now, I am the kind of player that plays for the team. I try to win the ball for the team – that is one of my main attributes.“I have to achieve a lot here,” he said.Ndidi, 20, will be in the travelling party that heads to Merseyside on Friday ahead of the weekend’s FA Cup game against Everton.Subject to his registration being cleared by the Premier League and the Football Association, he could feature in the third round tie at Goodison Park.City manager Ranieri expressed happiness at the arrival of the Nigerian who will now add to his options in midfield.“We’re very happy to have Ndidi here – he’s an impressive player with a big future.“We’ve followed him a lot and we hope he can impress our fans quickly.“He trained well with the squad today (Thursday). It was his first training session so we need to see him tomorrow before we decide whether he will play at Everton on Saturday,” he said.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Nigeria youngster Victor Osimhen has said he is at German Bundesliga Wolfsburg to learn after he signed a three and a half year contract today.“I am here to learn and wait for my time,” said an elated Wolfsburg.He first signed a pre-contract to join the top German club last year.He has been handed jersey No 18.He was presented to the media at the Wolfsburg training base in Spain, where they are preparing for the resumption of the Bundesliga season.last_img read more

Swift Current Broncos pick Nelson’s Curt Doyle in Bantam Draft

first_imgNelson’s Curt Doyle spent the past season tending goal for the Kamloops Jardine Blazers.The move appears to have paid instant dividends as the Heritage City product caught the eye of the Western Hockey League’s Swift Current Broncos, who drafted the 15-year-old goalie in the ninth round (188th overall) in last week’s Bantam Draft.“This is a real exciting time,” Doyle said from his parent’s home in Nelson. “I’m really excited . . . this is just a real good feeling but I’m also pretty surprised to be honest.”Like many other 15-year-old hockey products, Doyle was watching the draft play out when his name came up during the Broncos ninth round selection.About an hour later the chief scout for Swift Current called Doyle to welcome him to the WHL club via telephone. Doyle began playing the sport in Nelson Minor Hockey at the age of five, moving into the goal full time during his second year of Atom.He played two seasons each with the Peewee and Bantam Rep teams before moving this past year to Kamloops to play with the Jardine Blazers.The 5’11”, 155-pound, Doyle finished the season with a 24-4 record and six shutouts.The Jardine Blazers won the Okanagan League with a 12-0-1 record.Doyle plans to move back to Nelson to compete for a spot on the Kootenay Ice Major Midget Hockey Club this coming season with an eye on the Broncos in the future.”The BC Major Midget Hockey League is a very good program for developing players,” Doyle said.But first the Heritage City product is expecting a package from the WHL club to arrive soon that will hopefully include an invitation to rookie camp.“I’ve always had an interest in college and Tier I hockey, but I’m leaning toward the WHL which has always been a goal of mine to make it there,” Doyle said.last_img read more

Mini budget 2016: quotes

first_imgManaging a tough balancing act, Finance Minister Pravin Gordhan delivered the mini budget on 26 October 2016. He addressed issues facing the economy, politics and the global outlook. Through it all, he emphasised that there was hope and that, working together, goals could be achieved.        Finance Minister Pravin Gordhan delivers the Medium Term Budget Policy Statement (MTBPS) on 26 October 2016 in Cape Town. (Image: National Treasury, Facebook)Compiled by Priya PitamberQuoting the likes of struggle stalwart Oliver Tambo, Nelson Mandela, the current Pope Francis, former United Nations head Kofi Annan, American civil rights leader Martin Luther King, and economist and philosopher Amartya Sen, Finance Minister Pravin Gordhan presented the Medium Term Budget Policy Statement (MTBPS) on 26 October 2016 in Cape Town.The minister delivered an overall message of hope, stressing that goals could be achieved through a collective effort. Gordhan balanced that message by acknowledging the realities of global and local politics and economics.On the inaugural MTBPS in 1997:The first MTBPS was tabled in December 1997 under the leadership of President Mandela. Its purpose was stated as follows: “It describes Government’s goals and objectives.“It explains the economic environment within which those objectives are being addressed, and projects the total level of resources that will be available.“It analyses the trade-offs and choices that the nation confronts in addressing its reconstruction and development priorities.“In keeping with our commitment to open, transparent and cooperative policy-making, it invites the nation to share with Government the important choices that must be made.”Our goals remain to promote social transformation and more inclusive economic growth, and to achieve a much better life and opportunities for all South Africans.On achieving a collective goal:Above all, it invites Parliament and the people of South Africa to engage with the policy choices and decisions we must take in pursuing the aspirations and goals of our Constitution and the National Development Plan.On reality:The economic environment this year is unusually difficult. We have also faced other extraordinary challenges.Slow economic growth means that employment has declined over the past year. Many businesses are in difficulties and households are struggling to make ends meet.On working together:Yet if each of us contributes to our shared goals, we can achieve greatness beyond our imaginings. There is a Pedi saying: Ditau tsa hloka seboka di shitwa ke nare ehlotsa, “lions that fail to work as a team will struggle to bring down even a limping buffalo”.On growth:Members of the House, there are many other programmes and policies which are vital for our growth. With careful attention to sustainability and inclusivity, they will contribute to employment and broadening of economic opportunities. Properly designed and implemented, they will contribute to black economic empowerment and to strengthening localisation and the growth of South African enterprises.On protests:Violent protests signal unresolved social challenges. They present immense challenges to the leadership of our higher education institutions, municipalities and community organisations. Highly stressful demands are made on our police and security personnel. Destruction of property diminishes the inheritance of our children.On social grants:Taking into account the rise in food prices this year, I am pleased to confirm that an additional increase of R10 a month has been made to social grants with effect from October.On recognition of debt management:In the international capital markets, we continue to succeed in raising debt despite the tough prevailing environment. South Africa was recently recognised as the “best sovereign debt management operations and issuer” in Sub Saharan Africa by the Global Markets Publication. Debt management initiatives over the past year have reduced government’s refinancing risks and were supported by investors across all the major financial centres in Asia, Europe and the United States. The World Bank has recently commended our debt management framework, indicating that South Africa is now “better positioned to absorb fiscal shocks going forward.”On hope:We are resilient, and we have sound foundations on which to build. But it is action, to bring clarity where uncertainties remain, to address organisational weaknesses, to bring closure to infrastructure transactions and to accelerate trade and investment – that brings hope. It’s up to us.On growth:The MTBPS revises our growth expectation for the South African economy to 0.5% for the 2016 calendar year, somewhat lower than the February estimates of 0.9%. For the current fiscal year, the revised growth estimate is 1.0%.On increasing funds towards higher education:Minister Nzimande has rightly emphasised that expanded opportunities in our universities cannot rely on government funding alone. Public expenditure on post-school education and training has in fact grown considerably faster than other budget allocations in recent years, and this will continue. At the heart of the issue is that access has expanded faster than resources. As a result, many students face financial hardships that undermine their ability to succeed academically.In addition to the R16-billion added to higher education funding in the February budget, we therefore propose:A further R9-billion for the National Student Financial Aid Scheme over the period ahead, raising its funding by over 18% a year.Over R8-billion to meet the costs of fee increases for students from households with incomes up to R600 000.On local governmentIn keeping with our commitment to transparency in the public finances, the National Treasury has launched a new local government budget data portal today, called “Municipal Money”. It provides citizens and other stakeholders with access to comparable, verified information on the financial performance of each municipality. It aims to promote transparency and citizen engagement by providing information about municipal spending in a simple, accessible format.On corruption:As Kofi Annan wrote in the foreword to the 2003 United National Convention Against Corruption:In promoting development and making the world a better place for all, we are called upon to reaffirm the importance of core values such as honesty, respect for the rule of law, accountability and transparency.On the National Development Plan:The National Development Plan requires more rapid growth, and clearly this is a pre-condition for achieving inclusive development and transformation. The MTBPS emphasises that low growth is not inevitable – if we take the right decisions, inclusive and more rapid progress can be achieved.On integrity and accountability:Those who are called upon to serve in public institutions have an added responsibility to work with integrity, honesty and accountability and to ensure that their efforts are directed towards the shared interests of all South Africans.Put simply, this means that public funds must not be diverted to private ends. All citizens are entitled to demand accountability and integrity from those who serve them.In conclusion:Adapting Nelson Mandela’s enduring words:…With freedom come responsibilities,…We dare not linger, for our long walk is not ended.last_img read more

Relaxing Port Elizabeth

first_imgPort Elizabeth is the city of the Nelson Mandela Bay Municipality. Within the metro limits there are lovely walks, some fantastic mountain bike trails, pretty good surfing, fantastic sailing, windsurfing and kitesurfing, and great diving.The beach front opposite the Boardwalk in Port Elizabeth. The Boardwalk has a whole host of fashionable shops and several coffee shops and restaurants, as well as a casino. (Image: Nelson Mandela Bay Tourism)Brand South Africa reporterOften overlooked by travellers in search of glitz and glamour, Port Elizabeth is probably South Africa’s best-kept secret. Fantastic weather and an enormous range of attractions make it a great place for a totally relaxing stay.The beaches range from crowded, social and developed to long and deserted. Lovely old buildings reflect PE’s past as an integral part of the development of the Eastern Cape and South Africa, and a host of cultural activities will offer you an insight into the lives of other people.Some of the attractions seem a tad, well, gloomy, but are actually very interesting. A visit to the cell in which Black Consciousness activist and freedom struggle martyr Steve Biko was held before his death is certainly an eye-opener, and graveyard and ghost tours are really far more positive than they may sound.Port Elizabeth is a significant industrial centre, with much emphasis on the motor manufacturing industry, so it’s quite appropriate that it has the country’s most impressive motor museum.For an innovative shopping experience close to the beach, the Boardwalk has a whole host of fashionable shops and some wonderful coffee shops and restaurants, as well as a casino. It’s an open-air space as opposed to a mall, and a semi-natural water feature winds through the complex, which seems to please a range of birds as well as shoppers.Port Elizabeth is a great place to base yourself for a while, as it is so close to many other wonderful destinations. You could do day trips to Addo Elephant National Park, Shamwari, the Baviaanskloof, Port Alfred, Jeffreys Bay or Grahamstown. Within the metro limits there are lovely walks, some fantastic mountain bike trails, pretty good surfing, fantastic sailing, windsurfing and kitesurfing, and great diving.You could even dive in the predator tank of the Bayworld aquarium. There are some excellent golf courses, most notably Humewood, which is the only true links course in South Africa.Source: South African TourismWould you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

When – And Why – You Should Say “No” To $1 Million

first_imgHow to Get Started in China and Have Success Tags:#startups#Venture Funding Related Posts What Nobody Teaches You About Getting Your Star… john fearoncenter_img Guest author John Fearon is CEO of Dropmyemail.com, which backs up emails in the cloud.As a CEO/Founder of a startup, you might very well find yourself seeking to raise $1 million.Imagine your investors say “Yes” and you get the money. Is it really time to celebrate?That depends on the valuation of the deal. Many startups struggle to get the proper valuation with the right amount share dilution with their initial rounds of funding. It can be tough to balance the need to keep the lights on at your struggling startup versus the loss of company control and a lower eventual payout.Greedy investors have been known to take advantage of this to get a bigger stake of your company at a lower valuation.If you find yourself in this situation, you should bit the bullet and call off the party. Just say “No” to the investment.Every “No” Gets You Closer To A “Yes”In most sales bibles, it is decreed “every ‘No’ gets you closer to a ‘Yes.’” The more people you pitch to, the more doors you knock on, the more cold calls you make, the more sales you will close. Don’t be afraid to be turned down by investors or turn them down. Keep knocking on potential investors’ doors and you will get there.Remember the much fancied “80/20” rule, where 20% of the people you speak to will give you 80% of your desired funds. If you need $200,000, you need to speak more than 20 potential people about it to have a chance to land the 4 – 5 investors you need.Why “No” Is A Good ThingIf you’re pitching your startup to investors and you’re getting an overwhelming amount of Yeses – it is likely that you have set the price too low. Assuming that your startup is doing well and there is significant interest from investors, you should be able to value your company higher.Multiple interest from investors is an indication that you should maximize your opportunity. To avoid cheapening your company’s valuation, set the appropriate price point, once again, according to the 80/20 rule. If more than 1 in 5 investors agree wholeheartedly to your offer, stop and readjust until you reach at least that ratio.Know When To StopRaising money for your startup can be absolutely critical to keep the business going. It is also necessary to know when to stop searching for capital.If you raise cash equal to the total amount if your company’s valuation, you no longer own your company. Fund raising efforts should aim to keep valuations at levels that leave sufficient portions of the company to the founders. Ideally, you want to ced 15% – 20% of total valuation per funding round and retain 25% – 30% for when your company eventually cashes out – either by being acquired or even with a public offering.That means you want to raise enough to get to the next stage – not to pad the bank account. Each round of funding should have a goal (to hire more developers, set up an overseas office, create a major publicity blitz, etc). Don’t sacrifice more equity just to feel secure – there are always future rounds to find the cash you may need.No Time To WasteWorking 24/7, startup founders do not have the benefit of free time. Every second has to be well spent – you can’t afford to waste time raising excess cash. It can take 1-2 days to pitch your business and weeks to get an for an answer.Keep in mind, if 4 in 5 investors turn you down, you could waste 4 – 8 days just retelling your story and business plan. If you’re running out of time and money, it’s acceptable to lower your valuation to a get deal done to keep the business afloat.To keep meetings productive for all sides, be upfront with your potential investors about how much you want and how much time they have to respond. Focus on those investors who have the funds and track record to give your company what it needs.No More Investors Than NeededThough you may request the same investment from every one you approach, each investor will come in with different amounts and offerings. Besides money, investors can open up their network to introduce others to fund your company. Their advice could also be invaluable to your business.Always pick and choose carefully – not all investors add value to your company. Some will bring excessive headaches – like asking for monthly or even weekly reports. They may insist that you change your strategy and pivot when it’s not really necessary. They may say they are protecting their investment, but the founders’ standpoint, it will seem more like non-productive micro-management.Summary Of NosStartup life is a hard path. It is only human to yearn for positive re-inforcement instead of rejection, especially from investors. But valuations are subjective – it will be whatever you and your investors agree upon. And saying “Yes” too early usually won’t get you the best valuation for your company.So as you raise funds and set valuations for your startup – it actually makes sense to eek out refusals. In fact, the more “Nos” you get, the better off your startup may be.Hold out for the right valuation, regular stock dilution and appropriate investors. And revel in the surprising power of saying “No” to $1 million. How OKR’s Completely Transformed Our Culture China and America want the AI Prize Title: Who …last_img read more

Somdev gets wild card for Australian Open

first_imgSomdev Devvarman has been awarded a prestigious wild card into the men’s singles main draw of the Australian Open to be held in Melbourne from January 17 to 30.According to Tennis Australia, the Indian has been given a wild card in recognition of his performances in 2010. He first broke into the top 100 and then won singles gold medals at the Commonwealth Games in New Delhi and then the Asian Games in Guangzhou against quality opposition.Tennis Australia started giving one wild card each in men’s and women’s singles seven years ago. Anil Khanna, president of the Asian Tennis Federation said: ” I am very happy Somdev has got the wild card. He richly deserves it.” Somdev was happy about the good news. ” I am keen to make amends for my performance in the Chennai Open,” he told reporters.To be sure this is a break which has come in time for Somdev.After the highs of 2010, he began badly at the Chennai Open when he lost in the first round. Somdev did try to play down the loss but it’s no secret that losing at a venue which he loves was hard to digest.Everyone knows how hard it is to qualify for a Grand Slam and Somdev can now focus on his preparations. As one who puts in hours in training, Somdev needs to use this chance well.Some of his former coaches in Chennai who worked with him six years ago, say that Somdev should not stand three feet behind the baseline and hope to win points.advertisementBut the bigger issue is one cannot run down Somdev for one first round exit at the Chennai Open. He is aware this is a big year for him as staying in the top 100 will be top priority.last_img read more