#I applied for a job at a biotech company recently

[foone]

*smacks desk* WE NEED MORE HORMONE OPTIONS. Two is not enough.

Get on it, science.

i dont want hrt that turns me into a human woman i want hrt that turns me into an furry woman poelase. please *gets on the floor and starts punching int* please why cant i be a rabbit woman irl *screams to god, nobody answers* whyyyyyyyyyyyyyaahhhhhh !!!!!

[ahiddenpath]

Life Update

It me, yuh gurl.

Long personal post about...  Dealing with...  *Waves hands*  Everything.

Hey my boops, how ya doin?

I’m feeling sort of...  Hm, what’s the word?  Pensive?  Ruminative?  These days.  I guess I’m wondering: is my life where I want it to be?  If not, what do I want?  Stuff like that.  It’s a normal and common thing, I’m sure.

My life has been kind of wild since...  Actually, since I broke my foot in three places and nearly tore my ankle tendons in late 2017.  I spent about three months nonmobile, then another six in physical therapy to regain motion in my ankle/foot.  My grandmother passed in 2018 (while I was still in PT), and my family fractured after that (basically squabbling over her possessions, which weren’t valuable, but old grievances were involved, too).  I started therapy after that, and I spent over two years really focused on that- which I think is some of the hardest/most difficult work you can do, at least by choice.  The pandemic started while I was still in therapy, and I’m still trying to wrap my brain around the loss of over two years of my life???  Which is still ongoing????

So, uh, yeah, actually...  My sense of being displaced in time and my own life is making more sense, now that I wrote that out.

One of the big things on my mind recently is work.  I’m a researcher at a biotech, annnnnd our current capital will run out in Q4, based on our financial reports.  So, uh, under five months, and of course, they would have to close shop well before they hit $0 to take care of expenses (paying out vacation days to employees and paying any business debts, for example).  

Biotechs are volatile, they start and close all the time, and layoffs are common when big projects are dropped.  Our company projected income for the year from collaborations, and literally none of those deals have panned out.  It’s looking bad- but I’ve never been between jobs or unemployed since I was 16, so, um, a break would be amazing?  So I’m torn between applying to get ahead of it and taking it easy and letting the chips fall. 

I’ve always been focused on planning for my future, like...  For as long as I can remember.  My family is...  Well, I knew I’d have to support myself and be independent ASAP since I was a child.  I can’t go to my family for emotional support, advice, or a basic understanding and acknowledgement of who I am as a person.  I certainly can’t go to them for financial support; it just isn’t there.  My mom expected me to financially support her, in fact, and when she first saw the house I bought two years ago, she spent the whole visit insulting me because I told her she would not be moving in.  (My therapy session after that was a whole thing, lemme tell ya what).  It’s sad how much of my life has pointed directly towards achieving financial security, knowing that I have no place to land.  Every decision, every plan.  And, like, it worked, or at least it has so far, which is undeniably a good thing!  

But I need to figure out how to shift from “everything I do is strategized to promote economic security” to “uh hey babe, darling, sweetie pie, being happy and appreciating the moment is kind of what life is made of.”  And yet, here I am feeling hypocritical as heckin heck, because of course you need economic security to appreciate the moment!  You can’t be enjoying a croissant and a hot cocoa on your day off if you are stretching to afford a pound of spaghetti noodles for like $1.60, or whatever that costs with recent inflation- or if you’re working your second or third job on your day off.

I think I’ve been mourning things that are difficult to articulate these days, too.  I...  Don’t know if I’ll have children, that’s the big thing.  Listen, no shade to people who choose to reproduce- in fact, I admire hope in the face of adversity- but I don’t know if there will be a tenable planet for my theoretical kiddo within thirty years- or sooner.  I’m a biopharma research scientist, not a climate scientist, but I can interpret data, and my formal summary: that shit be scary.  And my country, the USA, is catapulting backwards in terms of rights and dignities.  Plus, you know, late stage capitalism hellscape, etc.  

And what about the loss of time since 2020?  I planned to spend my early 30s travelling- I am sadly an untravelled person- and now it’s heckin hard to even plan a domestic trip (fuel prices, pilot shortages, etc).  Like many people, I’ve spent the time since 2020 terrified of being sick and losing loved ones, stuck inside far more, and trying to navigate how to behave in the face of deadly unknowns- and incredibly frustrated by my country’s response.  It actually kind of reminds me of the Thanos snap.  Obviously, we didn’t, like, dematerialize, but as of this writing, there have been over a million recorded covid deaths in the states.  Lives came to a halt, and so many people lost so much- high schoolers missing out on activities and postponing college or opting for remote, babies and toddler missing periods of socialization, on and on and on.  And then, after a few weeks, we pushed on as normal, even though nothing was normal???

 So, yeah.  I feel like I’m passing my hands over my body and feeling holes that aren’t physically there.  They are there, but they can’t be seen or easily explained.  And I bet most people feel this way.  Global trauma, my guys.

I have exactly zero advice, except to be gentle with ourselves and each other.  I hope I’ll have the courage to focus on being happy, and not on how messed up the world is and wondering if the holes are expanding.  In the face of uncertainty, working harder and hoarding what we have and forgoing fun things in the name of security is...  The exact instinct of someone with an anxiety disorder who has focused on security all her life.  And I’m willing to bet you don’t need a mood disorder or a past of security-based insecurities to feel this way.

So...  Here I am, struggling to absorb everything that has been, everything that is, and a future that is more unsure than ever.  That’s it, really, even after that honkin’ wall of text.  I hope you’re hanging in there, and that you have fun things going on, even if they’re small- maybe especially if they’re small.  Much love to you, my dears.

[cancerbiophd]

How I landed an industry job straight out of my life sciences PhD, without doing a post-doc 

In less than 7 weeks I’ll be defending my dissertation as a final step in my PhD in Cancer Biology, and yesterday I accepted a Scientist position at a local biotechnology company. And best part: I didn’t have to do the dreaded post-doc first! Which is pretty rare for our field (but I hope it’ll be more and more common for PhD’s going into industry).

I promised I would talk about the process here, and I hope that anyone who’s aiming for the same path can walk away with some tips or at least with a familiarity of the process. 

The main points I want to get across: 

Network network network. You can probably just stop reading here, because this job came about all through networking. I was basically head-hunted--someone in my network (a program alumnus) contacted me on LinkedIn to ask if I wanted to apply for a position on the team she directs. So set up your LinkedIn account, keep it up to date, and use it to actively network. At the very least you should connect with the alumni in your program as you all have something in common already, and since they’re out and about in the field they would be great resources for informational interviews and job referrals. 

My expertise and career goals matched the position. No brainer, of course. Even if I wasn’t contacted by the company, I would only be applying to companies I qualified for (so companies dealing with cancer since I’m my PhD is in Cancer Bio). My lab mate, for example, was finishing up his PhD in Nutritional Sciences but was applying to cancer companies with no result, because it just wasn’t the candidate those companies were looking for. My expertise was also probably what got that director’s attention in the first place and the reason she reached out. She was basically willing to wait 7 months for me (from job posting to my final start-date) because I was her ideal candidate, and not just based off my expertise alone, but our personalities matched too. She told me “we communicate well” aka our work personalities match. I know you can’t change who you are obviously, but getting along with your manager goes a long way. 

That being said, employers/PIs are flexible with start dates for PhD candidates. I applied to this position 6 months before I had my defense date set and when I only knew a ballpark of “sometime in the summer”. And then during my interview process I had to keep pushing that potential start-date back and back and back. But the company understood this. So as a PhD candidate you could start applying 6 months before your expected end-date (even if it’s still a moving target), or even months earlier for post-docs (which are much more flexible than industry positions). In general, you should start looking 1 year before your finish date to see what’s out there. 

It was also good luck/timing. If I had graduated earlier than the job posting, then I never would’ve had this opportunity. I also only added her to my LinkedIn network because I went to a lunch seminar where she gave a talk about working in industry. So small things that ultimately made a huge difference. Some you can’t control, but some (like going to that lunch) are definitely  opportunities to seize. 

I was low “flight risk”. Companies are always afraid their employees will leave the company/city for greener pastures, and that’s more common in “less popular” places to live, like the southwest desert where I’m located. But I’m from here, my grad school is here, my family’s here--so the company is making the assumption I’m not going to just up and go any time soon. You obviously can’t control where your family chooses to settle down, but you may be able to strategically choose your grad school based off of its proximity to potential companies. 

And lastly, in my experience, PhD’s with no post-doc in biotech industry should expect an annual salary somewhere between $75-95k (depending on the company and cost of living), with benefits.

Ok, my full story under cut if you’d like to know more about the process I went through:

It all started when a program alumnus (or alumna, if you’re picky about your latin) named RF talked at a lunch seminar to students in my program in Feb 2019. I was really interested in her company and knew she would be a great network to have, so I emailed her later to thank her, and then added her on LinkedIn. 

Fast forward to January of this year (2020) when RF messaged me on LinkedIn out of the blue asking me how close I was to graduating and if I would be interested in a position at her company. I think she wanted someone asap (so not me, I thought), but we talked more about my project, and she said she’d keep in touch. In February, she messaged me again saying a position opened up on her team and she wanted to see if I would like to apply. I said heck yes (or the more formal version), and sent in my application, with the expectation that I would be defending sometime in the summer. I also put her as my job referral and messaged her afterwards to let her know my application went through (with the hopes that maybe she could fast-track it through HR, which I think she did). 

In the meantime, I messaged (also on LinkedIn) another program alumnus I knew (our time overlapped a few years) who currently works with RF and we chatted on the phone about what he does at work, how he likes it there, etc. Basically an informational interview (and also to catch up as colleagues). I was also hoping he’d put in a good word for me with RF and can attest I’m a decent human being and all that. 

2 weeks later, I had a phone interview with RF, and I was super nervous going into it. I even practiced pages and pages of answers of common interview questions for a week straight. But to my surprise she opened the call with “I already know a lot about you from your CV, LinkedIn profile, and also your PhD training because we’re from the same program, so this is your chance to ask me questions!” And I was like, uhhhh awesome! The only thing she wanted to know about me was when I could start, and at that moment in time I was gunning for a July/Aug defense date. 

(I also emailed her and HR afterwards to ask them whether they could match my salary expectation, which I had researched well beforehand for what was common in the field for my position and experience, and they said they could.)

We then set up the next round of interviews for April with a colleague of RF’s who used to be in the same team but now directs her own, and RF’s boss (these would have normally been on-site, but I did them over the phone bc Covid). I again messaged my friend at the company asking if he had any tips. 

And then disaster struck! The company’s HR called me a week before those scheduled interviews to tell me the company had ordered a hiring freeze due to Covid and the effect it was having on the economy. Absolute bummer :( :( :(

So I then applied for a few more positions here and there, including some post-docs (which I really didn’t want to do). I got 2 rounds of interviews for a Scientist position at another local company, and as of today I still haven’t heard anything from them. oh well. 

Then in June I finally heard back from RF’s company saying the hiring freeze has been lifted and whether I’m still interested? Uh, heck yes! So we continued with those 2 phone interviews I had originally scheduled back in April. They both went really well. But I still continued to apply to other positions in the meantime because I wanted to have as many options as I could. 

Then 2 weeks ago (July 7) I got THE call: they wanted to offer me the position! :D

Only problem was, we needed to settle on a start-date. They of course wanted me to start like, yesterday, but my PI wanted to push back my original defense date of Aug 28 one more week to Sept 4, and also wanted me to focus on any dissertation edits for 2 weeks after that. So my earliest start-date would be Sept 21. If you remember, my defense date shifted from “sometime in the summer” to “July/August” to now September, so I was really worried the company wouldn’t accept this. I nervously waited 2 weeks for someone to call me back, and in my head I kept thinking, “I blew it I blew it”. I even sent in a job application to another company in that time. 

But RF finally called me and said hey, no problem, we can do that! She told me she was willing to wait because I really was her perfect candidate (I had all the experience she wanted, and she said we communicated well aka our work-personalities matched). She had also just recently hired another graduate from our program, who is also a friend of mine, so she knew we would all mesh together very nicely. 

And that’s the story folks! I’ll be starting the position remotely until it’s safe to return to the building again. They’re also working with my husband to see if he’s a good candidate for some of their other open positions (we’re both in the biotech field). We’re both super excited about this new chapter in our lives. 

All this because I attended the lunch seminar RF talked at all last year and then added her on LinkedIn. When people talk about opportunities lurking behind every corner, they really did mean that. 

[ohneweiterebedeutung]

@hannobehrens​

Football - as alien as ever

An entire country is sitting at home, many worry about their jobs. But footballers are back in training and extending their contracts. And now they even want to play. By Oliver Fritsch

Imagine if a Bundesliga player now said : "My teammates and I are worried about our country but also about our industry. So at least for the next three months we'll reduce our salaries to that of a nurse, the true key player of our society.

Though we do want to return to playing soon so that our club, as well as the whole of German football will survive and people can enjoy a little diversion. On top of that we really miss playing football very much. But as we know that, not only during a pandemic but all the more in these times, our job amounts to a privilege, we want to give something back. And we'll give gladly, because we have a lot."

The reality's looking different. Although some players do renounce parts of their salary, all in all it's very little. While the ball is resting many keep earning millions. The same goes for managers and coaches.

Thomas Müller even extended his contract this week. Soon he'll make yet more than the estimated 15 million Euros per year. Fans have been celebrating the announcement. Some of them are getting messages from their clubs these days asking them to reduce reimbursement for tickets they've already paid for, ideally by a 100%. An interview with Jörg Neblung illustrates what 'crisis news' sound like on spaceship football: "In the next two years," the players' agent told web portal transfermarkt.de "there probably won't be any 300-Million-transfers." Roughly translated: football will suffer and starve.

The football clubs were the last ones to grind into Covid-standstill. On 8 March the game Bayern against Augsburg took place in a sold-out arena, while at the same time politicians advised to cancel events with more than 1000 participants. The following day VfB Stuttgart played against Bielefeld, yet another day later Leipzig hosted Tottenham, each in full stadiums. Football games may not be foci of infection, as had been reported at first. But the clear signal was: no matter what, we'll keep going.

Now footballers are the first ones getting back into action. An entire country is sitting at home, many worry about their jobs. But since the beginning of the week all Bundesliga clubs are training in small groups, some started even earlier. And Deutsche Fußball Liga (DFL) is planning for Geisterspiele [lit. "ghost games", games without fans in the stadium] to take place early to mid-May. The declared aim being to finish the interrupted season by 30 June, in order to secure TV money.

The people's sport of football has long been well treated by politics and public authorities. But this time it may have a hard time to explain itself to the public and push through its privileges.

This is what football would look like in times of Corona: only a minimum of necessary staff allowed into the stadium, round about 240 people. The teams and the people around them get tested for Covid 19 about every three days, all in all around 20.000 times. And the players would have to observe social isolation measures for a few more weeks. The entire project will be accompanied by a task force, consisting mainly of sport medicine specialists. And from political circles it transpires there are considerations to have the games only in a few selected stadiums for financial reasons.

The representatives of football justify their plans saying they want to cheer up people and give them news apart from Covid 19. But head of DFL Christian Seifert speaking to ZEIT also admitted openly "Like in other businesses we're dealing with a product, one that is produced by employees on and off the pitch. And when production is halted it's threatening livelihoods and jeopardising jobs."

Though many fans like DFL's idea and are warming towards the atmospherically poor Geisterspiele, at least as a temporary solution, there are also those that recognise in it an undue privilege. Currently every laundry, every kiosk has to remain closed, people are chased off park benches by the police, other athletes are having to train in their kitchens or on balconies. And football wants to play. On top of using testing capacities that are needed elsewhere.

And anyway, which pictures would be shown, inciting not only children to mimic them, once playing resumed? This imperative interpersonal distance of 1,5m couldn't be continually observed on the pitch even by Dortmund's defense!

Curiously, despite its many crises football has seen a steady growth in recent history. The cheating referees Robert Hoyzer and Dominik Marks couldn't harm it, the dubious payments surrounding the "Sommermärchen" didn't cause any damage nor did corrupt FIFA, which reportedly flogged the world cups to highest-bidding Russia and Qatar.

But maybe football's behaviour in the times of Corona will lead to its fall. It's lamenting the loudest when it just wants to secure its business model. That's what many social media postings read like. Some fans are even asking angrily: is football supposed to be worth more than lives? Football to them is as alien as ever.

Critics may overlook the fact that when the Bundesliga is bound to return the situation in Germany and around the world will look different from today. In Covid times four or six weeks can make a huge difference. Until then there will probably be a relaxation concerning economy and social life. Presumably there'll also be more and cheaper testing options.

But when it comes to the negative atmosphere and the reactions of Schadensfreude football at least partially has itself to blame. As a representative of self-indulgent capitalism it has to face a moral debate. The fact that in the past years and decades it always acted as "taker" is now coming back to bite.

An elite is making obscene amounts of money. Even the most unsuccessful coaches have it made after two or three years. Some managers waste millions on nonsensical transfers, collaborating with players' agents who clean up on the deals. On instagram players show off their yachts and luxurary car collections. Some employees even below the level of upper management earn more than those in comparable positions in other business enterprises.

It's becoming clear: despite the abundance almost nobody thought of savings. Allegedly one Bundesliga club is even on the brink of insolvency.

And the fact that the chummy football scene lives in its own bubble is also coming back to bite. Outside opinions, public opinion, counts for little to nothing. Criticism, even from the inside, is never considered constructive but as disruptive to the business. At the same time of course, the men of football get validated by millions of fans idolising them, come what may.

And so, as in some other parts of society, the Covid crisis exposes the wretched state of football. Though there are some players with a conscience, too, for example the Bayern players Leon Goretzka and Joshua Kimmich encouraging colleagues to donate. They're not the only ones giving money to social organisations. And some coaches as well, stand out with reflective statements. Nürnberg's Jens Keller said "I think other branches have to be back and running before football can return." Lucien Favre of Dortmund pointed out the suffering of refugees on Lesbos.

But maybe the opposite examples stick out more. Dortmund's CEO Hans-Joachim Watzke downplaying the health threat, even to young people, posed by the virus. Horst Heldt of 1. FC Köln calling Markus Söder's wish, the professionals should voluntarily reduce their salaries "populist bullshit".

Some clubs in the second and third league are considering self-administered insolvency plans, though their financial management was poor even before the Corona crisis. But now they benefit from DFL adapting the rules, not deducting points in the instance of an insolvency. And the 20 Million Euro-worth aid campaign of the four Champions League participants from Munich, Dortmund, Leipzig and Leverkusen might turn out to be a bluff, according to Spiegel investigations.

And it isn't any better elsewhere. Liverpool FC, even with giant earnings still cultivating the image of a social club, alienated fans by [taking advantage of the government furlough scheme to pay staff]. After a shitstorm they retracted, issuing an apology. Adidas, not just a sports equipment manufacturer but also a shareholder of FC Bayern, behaved similarly. The corporation with profits running into billions initially applied to enter [government financial protection scheme] and stopped paying rent to shop owners.

And Dietmar Hopp fuelled likely false hope, repeatedly alleging his company's vaccine could be available in the autumn. Experts have rejected that prognosis. Furthermore it seemed rather calculating, the way Hopp attempted to use his role as biotech investor to bring to an end the debates of him as patron of TSG Hoffenheim.

Who will lead German football through this crisis? Once upon a time Uli Hoeneß or Theo Zwanziger seemed to have the right calibre. But that was long ago, and so now all hope lies with Christian Seifert. He may lack the charisma and emotional address to impress a wider audience. Yet intellectually and politically he's a match to these tough times. 

Seifert has understood how to maintain an influence on authorities and that others are calling the shots now, that their data reign. Virologists or  epidemiologist like Alexander Kekulé who made an appearance on ZDF-Sportstudio which usually broadcasts goals and [Torwandschießen]. He supposed a re-start of football in Mai was "feasible", Kekulé said. 

But he warned about the need "for a justification for people why football should get special treatment." It was a polticial issue, he said. In the meantime Armin Laschet (CDU), first minister of North Rhine-Westphalia, and Wolfgang Kubicki (FDP) made it clear that games without an audience would be possible soon.  

Kekulé said something else of note. He put the onus on big clubs - financially, maybe also socially. And in fact not all representatives of football have forgotten about the social assets they hold. Borussia Dortmund have made their stadium available as a Covid testing site, other clubs do the shopping for those in need. [translator’s note: “other clubs” - I beg your pardon, ZEIT? 1. FC Nürnberg, together with our ultras, have been doing this right from the beginning, when everything was first interrupted, credit where it’s due!] It's a service for the public health - but the football business could be doing much more. And for that they could look to their ultras: Many of them doing good and don't even want to talk about it.

Most of all football would benefit and be much better received if it could get back down to earth and deflate in general. After Covid many economical branches will have to make do with much less. This will concern football as well and that puts as back to the issue of personnel expenses which in the Bundesliga amount to 1,4 billion Euros a year. 

Salaries could be reduced, TV money distributed more fairly, mega transfers could be entirely dispensed with in favour of more investments into the youth. And it should be the aim of the Bundesliga to save all, even the much threatened third and fourth tier clubs. And is anybody thinking of popular/mass/amateur sports, the youth team of the village club? 

So far the Bundesliga couldn't even agree on common training rules. Even though the themes of the hour are consolidation and solidarity. All stake holders are on the spot, sponsors, association, staff, right-holders, fans or clubs. The inner logic of the sports dictates that there is no other way other than all together. FC Bayern don't want to end up playing against themselves. And by the way international competition isn't immune to the virus either.

If Bundesliga returns soon, and much seems to point towards it, it would obviously mean a lot to many people. But even more would understand and support it if football contributed something to the greater good. If character truly shows during crisis, there should be more left of football in times of Corona than players kicking around toilet paper rolls.  

[douchebagbrainwaves]

HOW TO YAHOO

My guess is that someone at Yahoo goofed. An example that will be familiar to anyone who doesn't like being asked what they do.1 Experts can implement, but they haven't followed it to its conclusion. Startups are too poor to sue one another. If your startup grows big enough, however, you'll start to get sued, no matter what your lifespan was. Every thing you own takes energy away from you. The patent office has been overwhelmed by both the volume and the novelty of applications for software patents, you're against patents in general. I realize I see a more exaggerated version of the change I'm seeing. Maybe I got a call from a VP there asking if we'd like to license it. But few big companies are so often blindsided by startups.

Her immense data set and x-ray vision for character. Now would be a good time to start any company that competes with TV networks.2 But there's more going on than that.3 This won't be convergence so much as that their skills are easily transferrable. The American way is to make money, and that doesn't seem to bother kids as much as in present day South Korea. The one example I've found is, embarrassingly enough, Yahoo, which filed a patent suit against a gaming startup called Xfire in 2005. They're probably good at judging new inventions for casting steel or grinding lenses, but they can't have looked good on paper.4 Then I had kids. Slashdot has an icon that expresses the problem vividly: a knife and fork with the words patent pending superimposed.

It seems so convincing when you see the same program written in two languages, and one that most people never seem to make, but only one step.5 Which means we will increasingly have to make a conscious effort to avoid addictions—to stand outside ourselves and ask is this how I want to explore: great new things often come from the margins? Outsiders are not merely free but compelled to make things that are cheap and lightweight. The good news is, if you're carrying a burden without knowing it, your life could be better than you realize. Of the remainder, the smart ones would refuse such a job, now that he didn't have to. Working on small things, and if they show the slightest sign of wasting your time, you'll be confident enough to tell them to. Nor do startups, at least in your lifetime. That's how bad the problem has become. For outsiders this translates into two ways to win. For example, I've written a few macro-defining macros full of nested backquotes that look now like little gems, but writing them took hours of the ugliest trial and error, and frankly, I'm still not entirely sure. But it's a mistake founders constantly make.

The eminent, on the other side. And perhaps most important, small things can be done fast. A couple years ago my friend Trevor and I went to look at the Apple garage. Now it's social networks, multiplayer games, and various messaging applications.6 If anything they'll think more highly of you. People only have so many leisure hours a day, and Robert and Trevor and I went to look at the Apple garage. As with gangs, we have some idea what secrecy would be worse than patents, just that we couldn't discard patents for free.7 Whereas fame tends to be way more than the sum of its patents. So all other things being equal, a society prospers in proportion to its ability to prevent parents from influencing their children's success directly. The somewhat more surprising force was one specific type of innovation: social applications.8 Talking to reporters makes her nervous.

And yet someone always decides to try anyway, and it constrains the wearer. Since there didn't seem any way to answer this question, I stopped wondering about it.9 The average 25 year old is no match for companies that have spent years figuring out how to use it. He once told a Sunday school class Boys, do you know why I never became a drunkard? But though wealth was a necessary condition for passing, it was not a sufficient one. Barnes & Noble was thus the equivalent of a nuclear first strike. It implies there's no punishment if you fail.10 It often seems to outsiders that the great paintings of the Renaissance are all full of people. Parents will die for their kids, so it's not surprising to find they'll also push their scruples to the limits for them. It implies there's no punishment if you fail.

Facebook killed TV. I just want to make a language that will be good to program in. The third reason computers won is piracy. Everything we did as an organization went through her first—who to fund, what to say to the public, how to deal with other companies; they'd have to be new. And unless you're extremely organized, a house full of stuff. Now it's social networks, multiplayer games, and various messaging applications. Ok, he replied.11 If a design represents an idea that fits in one person's head, then the idea will fit in the user's head too.

In this article I'm going to talk about today is what your target looks like from the back. So paradoxically there are cases where fewer resources yield better results, because the rate of technological change seems to be determined less by credentials and more by performance than it was 25 years ago for an ambitious person to choose to be judged directly by the market. Half the distinguishing qualities of the founders are the best predictor of how a startup will do. One is that software is so complicated that patents by themselves are not worth very much. When we were working on Viaweb, a bigger company in the e-commerce business was granted a patent on online ordering, or something like that. If you work this way. When a company starts misbehaving, smart people won't work there. You could make a preliminary drawing if you wanted to, but you have to figure out how to use it, and savor what one has.

So much for hockey as the game is played now. People will watch what they want. Of the remainder, the smart ones would refuse such a job, leaving only a few with the wrong sort of ambition. It matters more to make something great and getting lots of users. In those days people's stuff fit in a chest of drawers. I think these two paths converge at the top: the best design surpasses its predecessors by using new ideas, and the people who produce shows. Which means things must have been freezing! Patent trolls are companies consisting mainly of lawyers whose whole business is to accumulate patents and threaten to sue companies who actually make things.

Notes

In practice most successful companies have little do with the founders' advantage if it were a variety called Red Delicious that had been campaigning for the reader: rephrase that thought to please the same thing 2300 years later.

That sort of Gresham's Law of conversations.

Loosely speaking. When I use the word programmers care about, and a list of n things seems particularly collectible because it's a proxy for revenue growth. They're common to all cultures with long traditions of living in cities. One possible answer: outsource any job that's not art because it looks great when a forward dribbles past multiple defenders, a few people plot their own itinerary through no-land, while everyone else and put our worker on a weekend and sit alone and think.

So it's a departure from his predecessors was a sort of stepping back is one you take to pay dividends. In fact the less educated ones usually reply with some equivocation implying that you're not allowed to discriminate on the way we pitch startup school to be the right mindset you will fail. It is a cause for optimism: American graduates have more options. When the same reason I even mention the possibility is that promising ideas are not very discerning.

There is of course. In a startup, both your lawyers should be protected against being mistreated, because you couldn't do the opposite. That's why the Apple I used a recent Business Week article mentioning del.

The original Internet forums were not web sites but Usenet newsgroups. The moment I do in a deal led by a factor of 20. The details.

That's one of the word content and tried for a smooth salesman. You can have a connection with Aristotle, but they get a false positive rate is, obviously, only Jews would move there, and this tends to be younger initially we encouraged undergrads to apply, and that modern corporate executives were, they'd be called acting Japanese. So instead of happy.

They shut down in, say, of course some uncertainty about how to deal with the earlier stage startups, who've already made it over a hundred and one different qualities that some groups in America. And no, you have good net growth till you see what the valuation a bit. When a lot like intellectual bullshit. I'm speaking here of IT startups; in biotech things are different.

As Secretary of Labor. For example, I want to sell hardware without trying to work on a hard technical problem. For more on the critical path that they think are bad. Siegel, Jeremy J.

Google Video is badly designed.

But that oversimplifies his role. They could have tried to shift back.

[constance-mcentee]

Monday, 5 August 2019

CONTENT WARNING: long post, murder, economics, death by capitalism, traumatic memories

When my firstborn was still an infant, I got a job with American Protective Services as a security guard, a "rent-a-cop." Why? Because I couldn't find a steady job at that time. Though my co-parent and I had the same work experience prior to this point, she was able to get office jobs at more than minimum wage and I wasn't. Even temp agencies weren't doing it for me. We needed to survive, so I applied at the guard agency that patrolled the complex where we lived at the time.

For the most part, I was assigned to industrial sites: biotech companies in Redwood Shores and Foster City. I was assigned to Tanforan Mall in San Bruno, CA, once, but there were post orders I refused to follow as they were inherently ageist. I was never assigned to retail security again after that, for which I'm grateful.

One night, a coworker at another industrial site was murdered. A fence* had hired 4 guys to steal home electronics from a warehouse in Hayward, CA. My coworker approached the men to inquire what they were doing on the site after hours, and he was shot without warning. He actually survived the initial shotgun blast to his chest. The second shot to his head as he lay bleeding was fatal, though.

He was never given a chance. He was simply shot to death for working. He was a husband and father of two. And because of capitalism--both his need for his family's survival and the fence's desire to exploit the system--he was shot to death.

This wasn't a mall rent-a-cop, chasing kids and homeless people out of a food court. This was a man of color who had been trying to provide for his family by working after hours security at an industrial site. But because he was a rent-a-cop, his life was ended.

I tried to find a way out of security as quickly as I could at that point. Many, though not all, folks who work as rent-a-cops are financially marginalized. "Retirees" who only retired because they were laid off. POC who can't find work elsewhere because of racism. What are people supposed to do when they need to provide for themselves and their families and they're denied work routinely? Should my coworker and I both have chosen to be deadbeat dads for the sake of principles?

I have a Facebook connection who recently posted, "Fuck rent-a-cops," and this post is not meant as an attack against them. Rather, this post is due to trauma resurfaced as what to my mind seemed like a disregard for the entire group of workers in this field. An interesting fact is that most of the higher ups were white, whereas most of my guard coworkers were not. I had clerical experience but could not get a clerical a job. My coworker was literally killed for being a rent-a-cop, and he's not the only one I can think of who was. He's just the one whose memory is most traumatic for me as it was so close to home.

I just had to get this out. The last couple of weeks have been trips down traumatic memory lane for me.

_____________

* For those unaware of the term, a “fence” in this case is a person who sells stolen property.

[un-enfant-immature]

Dear Sophie: Can I still get a green card given COVID-19, layoffs and recent H-1B changes?

Sophie Alcorn Contributor

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Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives.

More posts by this contributor

Dear‌ ‌Sophie:‌ Will a PPP loan‌ affect my visa renewal or green card?

Dear Sophie: How will President Trump’s order ‘suspending immigration’ affect me?

Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies.

“Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says Sophie Alcorn, a Silicon Valley immigration attorney. “Whether you’re in people ops, a founder or seeking a job in Silicon Valley, I would love to answer your questions in my next column.”

“Dear Sophie” columns are accessible for Extra Crunch subscribers; use promo code ALCORN to purchase a one or two-year subscription for 50% off.

Dear Sophie:

I was recently laid off but found another position at a growing biotech company. My new employer just submitted the H-1B petition before the end of my grace period. I would like to stay permanently in the United States. How long do I have to apply for a green card?

If my employer isn’t willing to sponsor me, I heard I can self-petition for an EB-1A or EB-2 NIW green card?

—Hopeful in Hayward

Dear Hopeful:

Congrats on your new job offer and H-1B transfer. Many companies are hiring talented individuals right now. Every company has the right to their own immigration sponsorship policy, so it can be worthwhile to discuss this going into your new role to make sure that everybody’s on the same page as to how things can unfold with respect to your green card.

[finjico]

Seeking Unity Mobile Engineer for Citizen Science App

(logo and character by Kyle McKernan)

We’ve talked some in the past about how one of the things we do as an indie game studio to dilute and manage risk is take on client and contract work. This has ups and downs but it’s been instrumental to our survival for the last ten years in an unpredictable market, and it’s how we got our start in the first place. Our most recent external project is the most interesting one we’ve ever worked on, but we need a little help to finish it up.

QUICK SUMMARY: this is a paid, part-time programming contract in Unity, targeting mobile devices, with a duration of probably a few months at least. Mostly UI and network stuff, remote collaboration is fine, work-for-hire. Work starts on or around September 1st. Finji works with a diverse set of collaborators and applicants from under-represented groups are strongly encouraged to apply.

If you’re a freelance Unity programmer with any mobile & network experience, please bear with me...

Project Quorum is a citizen science mobile app that uses some novel techniques to get regular folks up to speed and able to participate in the markup, categorization, and annotation of real science data. The current focus is primarily on biology and particularly microscopy (think real small pictures of cells and neurons and stuff). We are designing it as a kind of meditative / wind-down app that folks can play on the way home from work or doing a few quiet minutes a day.

And we’re not doing it alone! We are working with real live scientists from the University of Utah and some biotech companies, on a grant from the NIH. It’s the real deal. This particular initiative is one of the ways that we can help build up a database that can eventually feed a machine-learning algorithm and massively change the way we process hard-to-automate biology imagery and scans. We’re super proud of the work we’ve done on this thing, especially in terms of exploring new and more intuitive methodologies for both collaborating with researchers and on-boarding new untrained folks to participate.

However...

Adam, our co-founder and Overland’s lead programmer (that’s me), has been programming and designing the app solo since last Fall, and simply can’t keep up. It’s not really fair to our other projects nor to this excellent app. So we’re hoping that maybe you can help us out here.

So what exactly needs doing? Well, so far we’ve developed working, scientifically sound proofs of concept for three different markup activities, wireframed the basic app flow, started exploring the visuals. So a lot of the broad design is done, and we need someone who can come in and handle the rest of the hands-on programming of the app. It should go without saying that this is a paid gig. We are expecting the work to be part-time but last for several months. Remote work is fine! We have Slack. Here are some of the specific tasks that need to be done:

Hook up all the nice art from Kyle (esp game HUD and menus)

Download data sets from our server

Upload player results to our server

Handle secure user logins

Handle nasty network errors nicely

Optimize the activities to run better on mobile

Hook up the music and sound fx

General and misc polish tasks

Collab with our artist, sound designer, and our backend dev

We will not be asking this new collaborator to work on shaders, handle production / scheduling things, server-side dev, or do any game design stuff.

In terms of applicants, Finji is always looking for someone who is a good communicator and a good problem-solver. Due to the particular nature of the work, it will probably be least frustrating for someone with at least some experience in:

Unity development

Mobile development

Client / server stuff

Even if you don’t have the longest resumé or the biggest portfolio, we’d still love to hear from you. We are looking for candidates that like to solve problems in creative ways and who are good at communicating and collaborating. In our experience, experience doesn’t always imply those particular qualities.

If you’re interested in how we operate as a studio, we’ve written some about that here. This should also go without saying but Finji has hired POC, women, and students in the past and will continue to do so in the future. We strongly encourage applicants from under-represented backgrounds to apply for this job.

I’m probably forgetting some super important piece of information in here but this is a start at least. That’s what Edit Post buttons are for I guess. So, if you’re interested in helping us finish Project Quorum, please email adam@finji.co with “Project Quorum” in the subject line. We’re looking at bringing this new engineer online by September 1st if possible, so we look forward to hearing from you.

Thanks!

[biofunmy]

Advice from Peter Neupert, who worked with Jeff Bezos, Bill Gates

CLOSE

Amazon faced protests on its fifth annual Amazon Prime Day. While the Seattle-based e-commerce behemoth said it is offering more than a million deals, a demonstration was seen outside a warehouse in Shakopee, Minnesota. (July 16) AP, AP

Story Highlights

Peter Neupert started at Microsoft in the 1990s and late came back for a second stint to launch a health group.

When he was taking the CEO job of Drugstore.com in 1998, he spent a few days shadowing Jeff Bezos, who helped recruit him for the position.

One thing he learned from Bezos is that data matters more than opinions.

Jeff Bezos’ ambitions in health care are no longer a secret.

Between the Haven partnership with J.P. Morgan Chase and Berkshire Hathaway, his company’s stealthy work in cancer research, investments in health clinics for employees and last year’s $753 million purchase of online drug seller PillPack, the Amazon CEO is openly taking on the $3.5 trillion health-care industry.

While most of those developments are very recent, Bezos has had his eyes on this market for over two decades. Nobody knows that better than Peter Neupert, who became CEO of online pharmacy Drugstore.com in 1998, after Bezos recruited him for the job in tandem with Amazon’s investment in the company.

It was the beginning of a long relationship between the two and their effort to apply emerging technologies to life sciences. Neupert went on to Microsoft, his second stint at the company, where he led a new health solutions group. He left in 2012 and has since been a sought-after adviser for hospitals, biotech companies and start-ups.

“People are often approaching me for solutions,” Neupert, 63, told CNBC in a recent interview. “What I tell them is I don’t always have the right answers, but I do have a lot of scars and I’m happy to share those.”

Bezos stepped off Drugstore’s board in 2001, and Neupert left the company three years later. But they’re both engaged, more than ever before, in advancing health care.

Amazon is hiring aggressively at PillPack to become a major player in prescription delivery and is exploring a host of efforts to bring down the cost of care. Neupert is on the board of medical lab company LabCorp, as well as Adaptive Biotechnologies, which recently went public, and a couple early-stage ventures. He’s also on the board of trustees at the Fred Hutchinson Cancer Research Center.

Meanwhile, Amazon is still a big part of Neupert’s life in other ways – he has two kids and a son-in-law who work at the company’s headquarters in Seattle. That’s where it all started for him 21 years ago.

Disney bought Marvel for $4 billion: It’s made over $18 billion since

Jumping to a dot-com

Neupert was working for Bill Gates at Microsoft, where he’d launched the MSNBC network as a joint venture with NBC. He was approached by John Doerr of venture capital firm Kleiner Perkins about a new start-up that aimed to sell prescription medicines, beauty products and over-the-counter drugs online. Doerr, an early Amazon investor and board member at the time, brought Bezos along for the recruiting meeting.

“They were looking for someone who could take a 10-page business plan and turn it into a real business at a time when everyone was starting companies,” Neupert recalled.

Leaving was a tough call. Microsoft was on a tear and would soon surpass General Electric as the world’s most valuable company, while Drugstore was an idea on a whiteboard backed by a cash-burning dot-com darling.

So Neupert asked if he could shadow Bezos for a few days, following him around for conversations with board members, staff meetings and conference calls. Bezos agreed, and Neupert took the job. From a short time observing Bezos, he learned something that was fundamentally different at Amazon than at Microsoft.

“I learned quickly from those days that opinions don’t matter,” Neupert said. “Data matters.”

Bezos talked about A/B testing (comparing two versions of a design or project), rapid customer feedback and the importance of experimenting and failing.

In April 1999, two months after Drugstore announced the investment from Amazon and Kleiner Perkins, Bezos and Neupert appeared together on Charlie Rose. The host asked Neupert why a consumer would rather buy from Drugstore than their local pharmacy.

Social platform shift: How Instagram’s ‘like ban’ affects influencers

‘Nobody likes to browse the Preparation H aisle’

“They don’t like waiting in line for the pharmacist up behind the glass counter,” Neupert said. “They don’t like shopping in public for very private things.”

Bezos chimed in to say, “browsing for books is fun but nobody likes to browse the Preparation H aisle.” That was followed by a momentary pause and then Bezos’s signature – some say maniacal – laugh.

Drugstore survived the dot-com bust but struggled to grow in an extremely fragmented business. Neupert left in 2004, five years before Walgreens bought the company for over $400 million and ultimately shut it down.

Along the way, Amazon learned some key lessons that would benefit the company as it pursued a deal with PillPack many years later. One big realization was that the established pharmacy benefit managers (PBMs), the industry middlemen, would go to great lengths to protect the status quo.

Drugstore was shut out of the pharmacy business by Medco Health Solutions, one of the largest PBMs at the time, which meant it had no real way of selling prescription drugs. PillPack more recently experienced similar resistance from Express Scripts.

Over time, Neupert saw glimmers of Bezos’s ruthless style, which investors and analysts have said is a primary driver to his success. During the dot-com crash, for example, Amazon stopped giving away its email marketing access list to Drugstore and start charging for it.

“He did what was the best thing for Amazon,” Neupert said. “I didn’t like it at the time, but I ultimately respected it.”

Hong Kong protests: Police launch tear gas, protesters throw eggs as Hong Kong protest turns violent

Second act at Microsoft

After leaving Drugstore in 2004, Neupert wasn’t quite ready to give up on health care.

Over the following months, he spent some time in Washington, D.C., paying close attention to regulators and pharmacy lobbyists. He observed how the major players had their own entrenched interests, which created a big problem for medical software.

Record-keeping inside large hospitals and doctor’s offices was still run on a combination of paper and homegrown systems. Electronic medical records systems were emerging but only a few large health systems, like Kaiser Permanente, were starting to shift over to vendors such as Epic Systems. So much critical data was siloed.

“It struck me that a few thousand people die every year because of adverse drug events, and a lot of that was down to a failure of systems engineering and software design,” Neupert said.

That thinking brought Neupert back to Microsoft, where he saw an opportunity to build a business to help the health-care system with that problem. He kick-started a health unit, launching a product called HealthVault for consumers and health providers to aggregate medical information. One former Microsoft Health colleague, Sean Nolan, said the mission was ambitious and ahead of its time.

“Peter was always drawn to big ideas,” Nolan told CNBC. “And he was never scared of challenging conventional wisdom.”

Detroit, Chicago, Memphis: The 25 most segregated cities in America

While it’s still working on that mission today under corporate vice president Peter Lee, the consumer part of the equation failed to get much traction. Microsoft announced in April that it will shut HealthVault later this year. Lee said there are 72 projects he inherited from Neupert.

“It’s remarkable how much energy he injected into the health-care space that really never left,” Lee said, in an interview. “It ranges from synthetic biology to radiology imaging. It was comprehensive. It’s surprising to me how much stuff Peter got started.”

Since leaving Microsoft in 2012, Neupert has advised numerous other health-tech companies. And he’s watching from the outside as Amazon battles the industry incumbents.

“Bezos deeply understands pharmacy and all its complexities,” Neupert said.

When he’s not sitting on boards, cycling or spending time with family, Neupert is often sharing advice with entrepreneurs.

One thing he learned from Bezos is to write down your plan or approach to the market in a document and not in a bullet-pointed presentation, because complete sentences and paragraphs don’t leave much room for assumptions and interpretations.

“In rapidly growing companies, this is essential for folks to stay on the same page,” he said.

Privacy concerns: Amazon’s pharmacy PillPack relies on patient data

‘Engage the regulators early’

He encourages entrepreneurs to be bolder and take more risks. In health care, that means not just developing software but also doing the hard work of providing insurance, improving outcomes and cutting down on costs.

“Over the years, I’ve concluded that it’s really hard to make money by just selling software to the health-care system in the United States,” Neupert said. “You have to be in the delivery side of the business, too.”

A final lesson he shared is one that, as a technologist, seems counterintuitive and took him a long time to learn. And that’s to reach out to regulators early on.

“Engage the regulators early if you are doing something they haven’t seen before,” he said. “It will save you grief later.”

©CNBC is a USA TODAY content partner offering financial news and commentary. Its content is produced independently of USA TODAY.

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Sahred From Source link Technology

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[cancerbiophd]

Do you have any tips about finding a job as a lab tech after graduating from university? i’ve done only undergraduate research so the extent of my knowledge is messaging PI’s and asking them to volunteer my time in their labs.

Hi there!

Firstly, congrats on graduating! 

I think you’ll find these posts helpful to get your started on your job hunt:

Job search tips for recent college graduates (includes links to other posts like how to email PIs for a lab tech position and a masterpost for job websites specifically for scientists)

General career masterpost from the lovely ladies at bitchesgetriches

I’m not sure if I mentioned this in that post of mine above, but also utilize your network! So many jobs these days are filled by internal employees recommending someone they know would be a good fit. Those PIs you did undergrad research for? Shoot them an email to check in and to also ask if they know of any labs that are hiring lab techs. Maybe they know someone who knows someone. 

I also advise brushing up on your CV and resume (and have both on hand), including making tailored versions to the specific position you’re applying for. I would also advise doing some research on how to write a good cover letter, such as this website.  

And the elephant in the room: The pandemic may throw a wrench in things, but depending on your field, some places may actually be doing really well and are on hiring sprees (like many biotech companies right now). 

I hope this helps get you started. Best of luck! 

[kkaeb-my-song]

I talked to a biotech company recruiter today and what do ya know, a lot of the positions I've been applying to may be rejecting me bc I'm still in school and can't start right away. And positions for recent grads may not even open until May. LOL so my past 30+ apps have been useless then? Great. Wonderful. Fuck my life. 

 I'm so tired of trying. Busting my ass for four years, and now I'm exhausted. I miss feeling somewhat secure. I'm trying to find that spark I had four years ago, but it's so hard to rekindle. Now I'm staring at the ceiling, when I should be doing work, wondering what the hell I'm supposed to do next. 

 I came to school wanting to go to med school. Then it became grad school. Then it became industry because my grades aren't good enough to get into a good program and I didn't do well enough in any of my classes to feel comfortable asking for letters of rec. Now I'm even having trouble breaking into industry. I can't say that I fucked up. I genuinely tried my best. This is my best. And my best isn't good enough and it fucking hurts. 

 I barely had a life in college because academics took up so much of my time. And now I'm probably graduating without a job in place. All that work for nothing. Okay, maybe not all for nothing, but it sure as hell feels like I wasted my time. 

 I'm sorry. I'm trying to make myself feel better. I want to talk to my mom but she'll give me the same talk she always does, and I don't think it will be helpful this time. I want to talk to a friend, but I don't think I've really opened up to anyone irl about how difficult things have been for me lately. Most of them have grad school decisions or a job lined up, and tbh I don't feel like dealing with their pity. 

I guess I can wait until more jobs are open, but everything is so competitive nowadays. I feel useless that I don't already have a position. That my internship didn't turn into a post-grad offer. That my second interview with a company didn't turn into an offer. That none of my other applications made it to an interview stage. That I spent over fifty hours on job apps and still nothing. I'm tired. But I feel like all I do is sleep.

I want to take a break. Not a gap year, but maybe a gap summer. Work at a research lab for a bit. Get a part-time job to have some kind of income. Live at home for a while. Keep looking for great opportunities and keep applying to jobs. That’s what I want and it’s probably what I need, but I feel like such a loser for not having a job like everyone else.

It’s midnight and I haven’t started on homework that’s due tomorrow. This entire day was me applying and stressing about jobs. What a shit day.

[mynameisvince]

Financial Tracking

I remember having a Tumblr years back when it recently came out and my friends wanted me to get one. I decided I’ll be using this to track & record my investments. I just started investing this year just when the pandemic hit the US. It took me 2 years to research about types of investing and when it’s a good time. Of course the most important rule is getting out of debt first so I did. I just paid off my car, my credit card debt is manageable and not always maxed out. I’m hoping to keep posting at the end of the month every month to see my journey. We start from some where to want to live a better life regardless of age. This is my start.

Background Story: I’m 28 years old and I’m a full time worker and still going to school part time for now. I graduated high school in 2010 in Hayward. Went to San Joaquin Delta Community College in Stockton, California the fall of 2010 pursuing a Bachelor Degree in Biology. I worked full time a cook for Rubio’s Coastal Grill when I was in community college. Transferred to San Jose State in 2016, moved up in the company from a cook to assistant manager. In a year I got academically disqualified from the biology degree because of my failing grades. My work wouldn’t let me take time off to recover my grades before I got academically disqualified. And because my job made me work a lot of hours, my financial aid barely helped me so I had to pay almost most of my tuition and supplies. I took a year off so I could recover myself mentally & financially. I quit Rubios in the summer of 2017 and found a new job and I’m much more happy. I made enough money to pay off my debts and to continue to pay off my car. I went back to school the fall of 2017 at Ohlone Community College in Fremont, California to go back and tackle school with a fresh mind and clarity. A friend recommended me to go take a Biotechnology program at Solano Community College in Vacaville California. I did a lot of thinking and decided to try it out. I took my first class the fall of 2019 and never looked back. I’m still taking classes for Biotech and hopefully by the end of Spring 2021 I can apply and get accepted into the Biotech Program.

[jobsearchtips02]

IPO market gears up for another hectic week with 8 offers expected to raise $2 billion

The U.S. going public market is gearing up for another busy week with 8 deals on tap anticipated to raise about $2 billion, led by Azek Co., a maker of materials for outside living items.

Recently was the busiest of the year so far with 8 offers and 2 special function acquisition vehicles (SPACs) striking the market in stride.

” For the very first time considering that June 2018, all eight IPOs raised more than originally expected, either by prices above the variety or upsizing their offerings,” according to commentary from Renaissance Capital, a supplier of institutional research and IPO-related exchange-traded funds.

The marketplace went through a sleepy period throughout the coronavirus pandemic prior to last week’s reawakening. While the secondary market has actually been on fire– May’s dollar volume of share offerings is the biggest since 2014, according to BTIG, as companies transferred to strengthen liquidity positions after the pandemic set in– new companies have had to await an equity-market healing from its pandemic lows.

So far in 2020, there have actually been 43 IPOs, down 31%from the exact same time a year ago. But the Renaissance IPO exchange-traded fund. IPO,. -0.36% has actually performed highly, returning 22.6%in the duration, thanks to the addition in the index of recent IPOs of digital companies and others that are gaining from working-from-home products and services, such as Zoom Video Communications Inc. ZM,. -2.35%, Slack Technologies Inc. WORK,. -2.03% and biotech Moderna Inc. MRNA,. -1.53%, which is establishing a COVID-19 vaccine.

See now: Luckin Coffee demonstrates how risky Chinese IPOs can be, but financiers are just not listening

Last week’s offers consisted of the most significant IPO of the year to date, that of Warner Music Group Corp. WMG,. 3.16%, which went back to public markets after 9 years as a personal entity and raised $1.93 billion by selling 77 million shares priced at $25 each, the higher end of its $23 to $26 rate variety. That stock ended the week up 20%.

This week’s most significant deal will be Azek. AZEK,. , which will raise $625 million at the top end of its rate range.

” We are an industry-leading designer and maker of gorgeous, low-maintenance and environmentally sustainable items concentrated on the highly attractive, fast-growing Outdoor Living market,” the business states in its prospectus.

The offer is being financed by 14 banks, led by Barclays. Proceeds will be utilized to redeem outstanding debt and for general business functions. In the first six months of fiscal 2020 to March 31, the business had a net loss of $5.8 million that was narrower than the $208 million loss posted in the year-earlier period. Sales rose to $4116 million from $3574 million.

The prospectus acknowledges the challenges being presented by the coronavirus pandemic and says it has cut personnel and tapped credit lines to tide it over. It likewise concedes that it has a heavy financial obligation load at $1.2 billion.

The company’s primary peer is Trex Inc. TREX,. -0.39%, which pays. Trex had net income of $424 million in the first quarter on sales of $200 million. That was up from earnings of $316 million a year back and sales of $1796 million. Trex stock has held up through the pandemic, and is up 38%in the year to date, surpassing the S&P 500, which is down 0.8%.

The 2nd greatest offer of the week was online used car seller Vroom Inc. VRM,. 10020%, which priced late Monday and started trading Tuesday by quickly doubling. The offer priced at $22 a share, above its $18 to $20 cost range. The company raised practically $500 million at an appraisal of about $2.5 billion. The stock was last up 110%at $4634

Vroom is likewise loss-making, however profits is growing at a tidy clip. The company’s bottom lines struck $143 million in 2019, broader than the $852 million loss posted in2018 In the first quarter, it lost $411 million compared with a loss of $271 million in the very first quarter of 2019, its prospectus shows.

Income increased 39%to $1.2 billion in2019 For the 3 months ended March 31, sales rose 60%to $3758 million, Vroom stated.

For more, check out: Vroom IPO: Five things to understand about the online used-car seller

Vroom’s primary peer is Carvana Inc. CVNA,. 0.92%, Shares of Carvana are trading more than 600?ove the company’s 2017 IPO cost.

Vaccine maker Vaxcyte. PCVX,. is intending to raise $210 million on top end of its cost variety and will use the profits to fund medical research study.

” Its lead prospect, VAX-24, is a 24- valent investigational pneumococcal conjugate vaccine designed to supply broad-spectrum coverage of Merck’s Pneumovax 23 with an immunogenicity profile similar to Pfizer’s Prevnar 13,” according to Renaissance Capital.

The business is wishing to advance VAX-24 into medical trials in the 2021 2nd half.

The staying offers are:

– Burning Rock Biotech, a Chinese cancer test maker, which is intending to raise up to $210 million by selling 13.5 million American depositary shares at $1350 to $1550 each. The business has applied to list on Nasdaq under the ticker sign “BNR.”

– Avidity Biosciences Inc. RNA,. , which concentrates on muscle conditions, plans to offer 10 million shares priced at $14 to $16 each to raise as much as $160 million. The company has actually applied to list on Nasdaq, under the ticker sign “RNA.” Cowen, SVB Leerink, Credit Suisse and Wells Fargo are underwriters on the offer, with earnings allocated for the development of treatments for DMD and muscle atrophy, along with for working capital.

– Generation Bio Co. GBIO,. , a biotech concentrating on gene treatment treatments for rare illness, prepares to offer 7.4 million shares priced at $16 to $18 each to raise as much as $1332 million. The business has actually applied to list on Nasdaq, under the ticker sign “GBIO.” J.P. Morgan, Jefferies, Cowen and Wedbush PacGrow are financing the deal. Profits will be utilized to fund R&D, to establish platform technologies and for general corporate purposes.

– uCloudlink, a Chinese mobile data marketplace, is intending to raise $53 by offering 2.6 million American depositary shares priced at $18 to $2050 The business has actually applied to list on Nasdaq under the ticker symbol “UCL.” Profits of the deal, which is being financed by I-Bankers Securities, Belongings Capital Ltd., Tiger Brokers and Loop Capital Markets, will be used to fund R&DS, for basic corporate functions and for possible acquisitions.

– Lantern Pharma. LTRN,. , a biotech working on cancer treatments, is intending to raise $2652 million by offering 1.56 million shares priced at $15 to $17 each. The company has used to list on Nasdaq under the ticker symbol “LTRN.” The sole bookrunning supervisor is ThinkEquity, with Dougherty & Co. and Paulson Investment Co. acting as co-managers.

– Completing the list is SPAC Hudson Executive Investment. HECCU,. 2.60%, which priced late Monday and was upsized to raise $360 million. That stock increased 2.5%on Tuesday in its trading debut. SPACs, or blank-check business, have no set company till they get a business or companies with the cash raised in an IPO. The company is aiming to acquire a fintech or healthcare company, according to its prospectus.

The Renaissance IPO ETF was flat Tuesday, while the S&P 500 was down 0.6%.

Read now: He offered his business for billions, then used nearly all the proceeds to buy 2 stocks– and just 2 stocks

%.

from Job Search Tips https://jobsearchtips.net/ipo-market-gears-up-for-another-hectic-week-with-8-offers-expected-to-raise-2-billion/

[businessliveme]

The Coronavirus Isn’t the End of Your Career: Rachel Rosenthal

(Bloomberg Opinion) — For the hotel chef who can’t afford his nine prescriptions, losing a job could be a matter of life and death. Even among the employed, fear of what’s around the corner is almost as paralyzing.

It’s enough to put the minor inconveniences of working from home – the unrealistic homeschooling curricula, the crick in your lower back, the maddeningly slow WiFi – into perspective. Just treading water seems like a victory, forget about actually doing your job well.

And if you do catch yourself wondering about the seminar you were supposed to attend, or the promotion you meant to apply for, you may even feel guilty. How can anyone think about job advancement right now? Finding a good time for “that conversation” with your boss has awkward written all over it.

But the coronavirus doesn’t have to be a dead end for your career. If anything, it’s a moment to be nimble and prove your value. That may sound like a tall order right now. The uncomfortable truth, however, is that skating by won’t provide any sort of job security. This is as urgent for millennials entering their peak earning years as it is for baby boomers watching their retirement savings circle the drain.

The first order of business is making sure your skills are evolving with the needs of your company. These days, that’s the ability to charm a client over Zoom, or keep projects on schedule as your team straddles time zones with fragmented working hours. If you’re in an industry directly hit by the virus, think about how your experience would be applicable to fields that have solid long-term prospects, like cybersecurity, robotics and artificial intelligence. These sectors aren’t just for coders and engineers; they need accountants, compliance officers, HR managers and communications teams.

With companies in triage mode, it’s up to you – not your boss – to identify what those must-have skills are. Caroline Ceniza-Levine, a Florida-based career coach at SixFigureStart, says the employers she works with in travel, financial services and technology can’t see more than 60 days ahead. Traditional on-the-job training was one of the first things to go as the outbreak intensified, according to a recent report by McKinsey & Co.

Making an effort to understand your company better is a good place to start. “I know too many senior people who don’t read [their employer’s] annual reports,” said Ceniza-Levine. You should know what the financial outlook is, which parts of the business are still making money, and whether resources are shifting.

The good news is that “re-skilling” is getting easier. Last month, Coursera Inc. said it will offer unemployed workers free access to 3,800 online courses. E-learning is relevant for people who’ve kept their jobs, too. Herminia Ibarra, a professor at London Business School, teaches a webinar on career reinvention. She recently asked participants in an online poll to describe their response to the coronavirus: 50% of the 2,000 people who wrote in said the outbreak had given them “opportunities to try new things or learn new skills.” In some cases, this new expertise is directly related to working remotely, Ibarra wrote in Harvard Business Review.

Remember, too, that industries from pharmaceuticals and Big Tech to pizza delivery and drug stores are actually adding headcount. Amazon.com Inc. brought on at least 175,000 people in March and April alone. Other businesses are moving people around internally or starting to prepare for events later in the year. Facebook Inc. said it will hire more than 10,000 people in its product and engineering teams ahead of the U.S. election.

If you do start a new job in this environment, prepare to be flexible. Last month, Ethan Than joined a biotech startup in San Francisco. His employer is generating revenue, and recently closed a funding round backed by some top-tier institutional investors. So while he didn’t necessarily worry his offer would evaporate, Than did have to consider how the nature of his job would change. Normally, someone in his role would spend a lot of time at conferences trying to bring in business. How do you build relationships over Zoom?

“I’m naturally a people person,” Than says. “That’s something I’m a little bit more anxious about.”

Than is fortunate to be in a relatively virus-proof industry. For the rest of us, there’s a useful parable that sums up how to think about our jobs at the moment, courtesy of Christina DelliSanti-Miller, a career-transition coach based in New York City. It goes something like this:

Every year, a small seaside village is ravaged by storms. Each time this happens, the villagers lay out their valuables on the sand to appease the ocean gods. At night, the tide sweeps all the riches to sea and the gods are satiated. But in reality, by the light of the moon, an old woman is collecting a small city’s worth of treasures.

The moral (beyond how to get away with stealing) is that once you learn how a system works, leverage it. Figure out what your industry needs, show your boss you can deliver, and use that to protect your job or even negotiate the next move. The more skills you gain, the more choices you have, says DelliSanti-Miller.

In the next few weeks and months, it may be tempting to keep your head down, your kids quiet and your wine glass (ahem, coffee cup) full. But if you’re feeling anxious, it may wise to consider diverting that weekly beverage budget to Coursera instead.

The post The Coronavirus Isn’t the End of Your Career: Rachel Rosenthal appeared first on Businessliveme.com.

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[aligarbawaukesha]

How Many Interviews For One Job? (Stats From a Recruiter)

If you’re wondering how many candidates a company interviews for a job, or how many interviews it takes to get a job, then this article is for you.

I’m going to share the averages I’ve seen as a recruiter for:

How many candidates are usually shortlisted for interview

How many candidates advance to an onsite interview

How many candidates make it to the final round

How many total interviews you’ll need to get a job (on average)

We’ll also look at some other interesting statistics like what percentage of total applicants get an interview (it’s surprisingly low if you apply online). Fortunately, I’ll also share some ways to boost your chances of getting the interview… so make sure you read until the end.

Let’s get started…

How Many Interviews for One Job: Number of Candidates Shortlisted to Interview

The typical employer will interview 6-10 candidates for a job, and candidates will go through at least 2-3 rounds of interviews before receiving an offer. If a hiring manager isn’t able to find someone who fits their requirements in the first 6-10 candidates, they may interview more.

The phone interview is usually the first step in an employer’s process, and allows them to ask some initial questions to make sure you’re qualified at a basic level and will fit well with their organization.

Some candidates in a hiring process will only make it to the phone interview stage, and won’t advance to a second interview (depending on how they performed in the interview). This is discussed more in the next section.

How Many Candidates for an Onsite Interview?

After conducting phone interviews, the average hiring manager will invite 2-4 candidates for an onsite interview. However, if they only felt that one candidate from the previous round of interviews is qualified, then they will invite that one person while continuing to search for new candidates at the same time.

If they liked more than four candidates, they may invite a higher number of people to the second interview over the course of a few weeks, but they’ll usually do it in phases to keep the process organized and manageable.

Example scenario: A hiring manager conducts six phone interviews and likes five people. He’s open to speaking to all five, but he feels three of them are better-qualified than the others. He may invite those three people for an onsite interview and keep the other two candidates waiting.

If those three onsite interview goes well, he may choose to just move forward with one, two, or three of those candidates into the final round of the process. However, if he’s not satisfied after talking to those three people, he can reach back out to the two that were waiting.

How Many Candidates Are in the Final Round of Interviews?

Usually, 2-3 candidates are invited to the final round of interviews. However, there are exceptions. If an employer has multiple jobs available in the group, they may invite more candidates in the hope of hiring more people. Or at times, a hiring manager may only invite one person to the final interview round if they felt nobody else was qualified.  

While some hiring managers always want to meet with multiple candidates before issuing a job offer, some will trust their gut and make a job offer as soon as they feel they’ve found a qualified person, even if that person comes to them in the first 1-2 weeks of the job being open.

What Percentage of Total Applicants Get an Interview?

With the average online job posting receiving 250 resumes, only a small percentage of applicants will get an interview. Since most employers interview fewer than 10 candidates for a position, only 2-3% of applicants will receive an interview on average.

There are exceptions, however. If a job is not posted online and you found it through networking or through talking to an employer directly, your odds are much greater.

If someone refers you to the hiring manager and recommends they speak with you, then your odds are also much greater.

This is why it’s so important to network in your job search, rather than relying only on online job search engines.

So while an employer is never going to interview 50 or 100 people for a job opening, you can greatly amplify your odds of being in the 2-3% that get an interview by networking.

You can also boost the number of interviews you receive by tailoring your resume to fit the position. (Which doesn’t take as long as you think if you follow my method).

Why Do Jobs Have Multiple Interviews?

Jobs have multiple rounds of interviews so that employers can have you meet more than one person on the team. They want to get multiple opinions before deciding whether to offer you the position, and they want to give you a chance to learn about their organization and make sure it’s the right fit for you.

Also, employers conduct an initial phone interview to make sure you have the basic qualifications and to ask some basic questions including:

Why did you apply here?

How did you hear about this job?

Why did you leave your last job?

What challenges are you looking for in your next role?

What other companies are you interviewing with?

They need to not only ensure that you’re capable of doing the work from a technical perspective, but also that you’re interested in the work, motivated, and a good fit for their company culture.

So this is why jobs have multiple interviews, and why the interview process can take a few weeks. Not only do many people need to meet you usually, but they also need to discuss things among themselves after you’ve left.

For Candidates: How Many Interviews Does It Take to Get a Job?

If you are well-prepared for your interviews, you can expect to get job offers after interviewing with 2-4 employers. The number of total interviews you would need to go on with those employers is typically 6-12 (based on an average of 3 interviews per employer).

Your specific results will vary depending on your interview skills. I’ll share some interview tips in the next section, because this is one of the biggest factors in how many interviews it takes to get a job.

However, even the best-prepared candidate won’t get a job offer from every employer they speak with.

Other factors that can sway the outcome of an interview process include your desired salary, the company culture, and what they happen to be looking for at the moment (a strong leader, a younger person that they can mold into a leader in the future, someone who can solve their immediate problems, etc). 

Now that you know how many total interviews you will need to get a job, let’s look at some ways to REDUCE this number and get you hired faster.

Interview Tips to Help You Get Hired Faster

As you learned in the last section, there’s always some luck and factors you cannot control in the hiring process. However, in the interview, it’s best to focus on the factors you CAN control… like your preparation, how you answer their questions, etc. So here are some tips to help you…

First, here are all of my best interview tips from working as a recruiter.

I recommend bookmarking that article and reading it when you have a chance. 

Also, make sure you’re asking great, unique questions in the interview, along with preparing great answers. Employers always prefer to hire someone who seems interested and curious about their position.

And make sure you’ve researched the company before your interview, too. You’ll feel a lot more confident and give much better answers if you understand their job, their industry, how their company makes money, who their customers are, etc. You should know all of this.

So those are a couple of ways to reduce the number of interviews it will take you to get a job. If you do this, you should be able to get a job offer by interviewing with only two or three employers.

So now you know how many applicants get interviews, and how to turn more interviews into job offers. If you follow the advice above, you’ll get hired faster!

Sources: What Are the Statistics Above Based On?

To conclude, I wanted to explain where the averages and data above come from.

The above info is based on my 5-years of recruiting across multiple industries (software technology, pharmaceuticals, and biotech), and across functional areas including research & development, software engineering, data science, sales & marketing, product management, writing, clinical research, quality assurance, and more.

The information is primarily from recruiting in the US and European markets. Employers ranged from Fortune 500 firms to small, Series A startups, so all types of companies are represented. 

If you have a question or idea to add, leave a comment below.

 The post How Many Interviews For One Job? (Stats From a Recruiter) appeared first on Career Sidekick.

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[maritzaerwin]

9 Proven Ways For Funding Your Startup

Whether you are a successful serial entrepreneur or just thinking of starting your own business, one main question will arise – how will you cover your startup costs?

Traditionally you’d walk down to your local bank and try to negotiate a business loan based on your business plan, network or assets. That’s not as easy anymore these days.

So what options do you have to secure sufficient capital to support you and your business during the exciting yet intimidating startup phase?

This article will cover some conventional and unconventional ways of getting funding to launch your business.

How Much Funding Do You Need? 

Before you figure out how you’ll secure the capital you need to sit down and figure out exactly how much you need. That figure is highly dependent on your business model, competition, execution plan, etc.

Once you have a business idea it’s advisable to do a thorough job writing a business plan including financial projects. Writing a proper business plan is a fantastic exercise to find answers to all of the questions raised above. The financial section of your business plan needs special attention. Carefully review all of your assumptions, projects, and expenses.

Once you are confident in these figures you can figure out what it will cost you to launch the business and what it will take to get you to breakeven and beyond. One of the many reasons why businesses fail is because they run out of runway before they generate sufficient revenue and/or profit to keep them afloat.

Your startup costs are the sum of expenses and capital injections to get your business up and running and maintain it until it’s self-sufficient.

I Know My Costs, Now What?

The amount of capital you require will determine how many funding channels are available to you. If it’s a small amount, angel investors, venture capitalists and commercial banks won’t get involved. If it’s a significant amount, odds of simply asking a family member for a loan probably won’t work either. A major benefit of drafting a carefully researched business and financial plan is that it will give you a great indication of likely success.

A business idea might make a lot of sense at first but if your research indicates you’d need tremendous capital injections with a projected break-even point seven years out it might be better to look at another opportunity. If you are still confident after crunching the numbers then it’s time to look at your available funding options.  

What Are My Options for Funding A Startup? 

It’s important you understand all of the available options to you. Going after the right funding source with the right project and pitch will increase your odds tremendously. It’s as easy to raise $1 Million for your biotech venture as it is securing $5,000 for a small business. It all comes down to aligned interests and objectives. Make sure you identify the right financing partners and hone your pitch accordingly.

Keep in mind sometimes the answer is you don’t need any funding at all if you are willing to bootstrap your business and branding.

The next section will highlight some of the most commonly used ways to fund a business. This is not an exhaustive list but a good starting point to get you going on your funding journey.

1) Getting a Personal Bank Loan

Getting a personal bank loan is still one of the most traditional ways of funding your business.

Although this isn’t as sexy as a big VC funding announcement it’s very suitable for many small businesses. There is a misconception that you walk into a bank and secure a loan based on your business plan. Gone are the days of getting a business loan based on your integrity and reputation in town.

Banks generally don’t fund ideas but they are willing to lend you money if you have a home or any other asset that you can personally use as collateral, or if you can show sufficient income from employment to support the loan repayments. There are a few other options for people with no established credit, however.

2) Using Credit Cards

Credit cards are one of the most utilized tools for funding small web-based businesses, brick and mortar stores, cafes, etc..

Most people have access to at least one credit card and if there’s available credit it’s tempting to use it. Similar to getting a personal bank loan you are taking on debt to start your business. It’s great to be passionate and believe in your business but you don’t want to bet the house on a single venture.

Use credit cards and debit cards wisely when considering your funding sources. Having said that when in a pinch, or when there are no other funding options available, credit cards get the trick done if the funding requirements are relatively low.

3) Friends and Family

For those who don’t want to access or can’t access bank loans and credit often turn to friends and family. Lots of successful businesses have been funded by family and friends in the form of a loan and sometimes even gifts. How you want to structure this deal comes down to your relationship and the financial situation of the person you are asking.

The odds of new business failure is high. Keep that in mind before asking friends and family. If your business were to fail and you wouldn’t be able to repay the loan how would that impact your relationship? If you are one of the lucky few with a rich and generous uncle who’s willing to gift you the funds then this isn’t much of a worry for you.

4) Find an Angel Investor 

If you are looking for a larger mount and personal loans, credit cards and family and friends aren’t an option then an angel investor might be a good fit. Angel investors are typically wealthy individuals with a business background who are looking for better than market returns. They invest in the seed and early rounds and often are very hands-on. They don’t just provide capital but also guidance and access to their network.

Deals with angel investors are typically structured as equity deals so you aren’t taking on any debt. The trade-off with equity deals, of course, is that you are giving up a stake in your company. Depending on the deal an angel investor might even ask for control of the business.

Photo Credit – Pexels.com

5) Seed Accelerators or Incubators 

In most major cities you can find angel investor networking events and groups where you can present your business.

More recently seed accelerators and incubators have become popular. Those invest during the same stages as angel investors but take an even more hands-on approach for an equity stake in the exchange.

Entrepreneurs often travel from far away if they get accepted into one of those competitive programs. Not only do you get access to capital and guidance but you’re surrounded by like-minded entrepreneurs. 

6) Venture Capital 

If your business goals are really ambitious and require a lot of capital, the venture capital route might be the best choice for you.

Venture capital funds inject millions into businesses often across several different funding rounds. It’s very competitive to secure a venture capital deal but it comes with lots of benefits. Not only will you gain access to their funds but their expertise and exhaustive network of key players across industries like software, biotechnology, security, manufacturing and more.

Going the venture capital round means you’ll likely give up the most equity out of all the funding sources covered here. To avoid getting diluted over time make sure you get a fair valuation, especially if you need multiple rounds. 

7) Government Grants and Loans 

Small businesses are the backbone of the economy. The government understands that and gets involved in several different ways from tax credits for small businesses to grants and loans. Unlike angel investors and venture capitalists, you won’t give up any equity. Taking some time to research and understand local government grants and loans that might be available to you is time well spent. There are a lot of wonderful resources available, especially for female and minority entrepreneurs.

Some of those programs might give you a tax credit on salaries spent on research and development or fund a portion of your next tradeshow booth or even a trip to try and close a deal with a big lead. Leveraging government loans and grants is advisable even if you already secured funding through one of the other channels. 

8) Crowdfunding 

A new way of funding your venture has been to leverage crowdfunding platforms. Crowdfunding works on the principle that a large group of individuals will each pledge a small amount to make up the total funds required. There are several popular crowdfunding sites and they bring together entrepreneurs and investors from all over the world. To get started you simply create your page and pitch your venture.

If your project is successfully funded you’ll end up paying a predetermined fee. This is a low risk and low effort. Visiting one or several crowdfunding sites is well worth your time. Who knows, if it goes viral you might secure your funds in no time at all.

9) When All Else Fails — Bootstrap

 Despite all of the available options many entrepreneurs still find themselves in a position, for one reason or another, where they just have to bootstrap to make up for the lack of funding.

If that is the case then you just need to operate very lean and apply growth hacking, until you prove your business case. Sweat equity is a great substitute for capital in the early stages. It means you aren’t wasting any resources and focusing on what moves the needle. Once you prove your business case you can circle back and revisit different funding options. Financing partners will notice and appreciate your passion and commitment.  

How to Ask for Money? 

Now that we have covered some of the most popular ways to fund your startup let’s look at the key documentation you need in place to support your case. Asking for money when you’re not prepared won’t do you any favors. 

1) Business Plan 

Whether you are pitching VCs, going after government grants or asking friends and family make sure you have done your homework. Develop a rock-solid business plan and keep it updated as you learn more about your industry, competitors, and core demographic.

 3) Market Research 

A business idea needs to be validated by market research. Without market data, it’s just an idea based on assumptions. Do your market research and find out if there truly is a need for the product or service you are pitching. The more supporting data you can provide the stronger your case during a pitch meeting.

4) Financial Plans

At the end of the day, it comes down to financials. Will your business turn a profit? When will you reach the break-even point? These are all questions that need to be answered and supported by your financial projects and statements.

5) Pitch Deck

A pitch deck is simply a condensed and visually appealing version of your business plan. Putting together a pitch deck is easy when you have done your market research and developed your financial and business plan. Doing a pitch deck without supporting documents, on the other hand, isn’t and will typically fall apart during a Q&A session.

Conclusion 

Financing is a crucial fuel for startups. The more capital you have access to the faster you can scale your business. Capital is a double-edged sword, however. If you have done your homework and not rushed any of the phases of discovering and building your business model then you’re in great shape.

If your business model isn’t rock-solid yet then capital will often do you more harm than good. You’ll simply burn through money faster without actually addressing the underlying issue.  As important as financing is for the success and growth of your business make sure you have a solid foundation.

If you are ready to take on outside financing, whether in the form of debt, equity or grants, the sources highlighted above are a good starting point. Figure out which one of those are best suited for your situation and then go for it. Keep in mind securing funding is often a lengthy process so don’t get discouraged if it doesn’t happen for you right away.

The post 9 Proven Ways For Funding Your Startup appeared first on CareerMetis.com.

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