4 Simple Ways You Can Make Money Online
The possibility of making money online is exciting. What is even better is that there are so many options available that allow you work on things you are truly passionate about. Whether you love online gambling, writing or blogging, or prefer to sell …
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Which Cornerback Among The Cowboys Pre-Draft Visitors Should Dallas Draft?
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The Cowboys are bringing in a quite a few cornerbacks for visits, but is there one consensus leader? by Dave Halprin Apr 8, 2017, 4:15pm CDT. tweet · share · pin · Rec. Photo by Chris Trotman/Getty Images. The Dallas Cowboys have telegraphed their …
Neuromama Ltd. might be the most prominent example, but its unlikely to be the only one.
On Monday, the Securities and Exchange Commission halted its shares, which trade on over-the-counter markets in the U.S., over potentially manipulative transactions and concerns about the identity of the persons in control.
There were red flags over the years. But Neuromama, which has ambitions to license heavy ion fusion technology patents among its many projects, began to draw more scrutiny this year after its paper value more than quadrupled to $35 billion on scant volume. Before its suspension, the market cap of Neuromama, which was based in southwest Siberia before moving to a beach community near Tijuana, Mexico, was greater than even Tesla Motors Inc.
How an obscure search engine with no reported financials since 2013 was able to become a multi-billion-dollar company is an all-too-familiar tale in the murky, largely unregulated OTC market. Filled with penny stocks that dont meet listing requirements of the New York Stock Exchange or the Nasdaq Stock Market, its long been a place ripe for exploitation by fraudsters, who manipulate shares of shell companies to make illegal profits through pump-and-dump schemes. When it halted Neuromama this week, the SEC cited false statements from the company that it had applied to list on Nasdaq.
Shell companies have been a problem for decades because the agency has lacked the resources to police them, said Stephen Crimmins, a former SEC enforcement lawyer who now works for Murphy & McGonigle. Its absolutely something that needs attention.
Even after the SECs push to remove more than 800 such companies over the last few years in an operation dubbed Shell Expel, hundreds more still trade. Several like Neuromama, have reported little or no sales, yet also have billions in market value.
Judy Burns, an SEC spokeswoman, didnt immediately respond to a request for comment.
Neuromamas situation has echoes of a little-known company called Cynk Technology Corp. The Belize-based firm, which had virtually no assets or revenue, briefly surged past $6 billion in market value in 2014 in what U.S. authorities said was a pump-and-dump scheme. The man behind it all, Gregg Mulholland, pleaded guilty to money laundering conspiracy in May.
To read more about the saga of Cynk, click here.
A telephone call seeking comment from Neuromamas chief executive officer, Igor Weselovsky, Chief Financial Officer Karapet Gevorgyan and Dante Pedroza Mendez, the chief operating officer, went unanswered at the companys headquarters. Neuromama hasnt formally been accused of wrongdoing. Its stock doesnt trade every day, and when it does volume is less than 500 shares a day, meaning few investors are probably affected.
Steven Zubkis, the chief marketer according to the companys website, has a history of run-ins with the law. Also known as Steven Schwartzbard, he was sentenced in 2007 to five years in prison for defrauding investors in a $1.8 million scheme through misrepresentations tied to the renovation of a Las Vegas casino. The Ukrainian immigrant was sued by the SEC in the 1990s for orchestrating a $12 million penny stock scam. He was ordered to pay more than $21.6 million in disgorgement and penalties.
Zubkis didnt directly respond to questions about Neuromamas $35 billion market value or its financials, but said in an e-mail that the high price of its stock and the relative lack of trading made it an easy target for regulators. He also said Neuromama is in an industry with typically high valuations. The shares last traded at $56.25, far above your typical penny stock.
Were suffering from a negative side effect caused by our success, Zubkis said in an e-mail Monday. Up to this moment there has been less liquidity than any of us would like. But thats not a bad thing, its like a negative side effect from a prescription drug. So the drug saves your life and in the process gives you a dry mouth or a headache. A good trade-off, your life for a dry mouth.
Our attorney has contacted the SEC and asked them if there is anything we can do to clear up this matter, he added. Dean Law Corp., Neuromamas legal counsel, didnt return phone or e-mail requests seeking comment.
The over-the-counter market continues to thrive partly because investors are lured by the jackpot appeal of ultra-low-priced stocks that could easily double or quadruple in value by rising a few cents. And in the U.S., its fairly easy for people to incorporate shell companies and get them up and trading in the OTC market. Contrast that to companies with ambitions to list on the NYSE or Nasdaq, which often entails years of planning and millions of dollars in legal expenses — not to mention having an actual business.
Like Neuromama, several other OTC-listed companies have reported little or no sales, yet also have billions in market value.
AJ Greentech Holdings Ltd., which says its a green energy company, is valued at $5.3 billion. TRHF Co. says it is a provider of platforms supporting relaxed and replenishing life in a beautiful ecological countryside and has a $5.1 billion market cap. Image Chain Group Ltd., formerly Have Gun Will Travel Entertainment Inc., changed its business plan from reality television to the branded tea business and is currently worth $4 billion. And all of them are in incorporated in Nevada, which allows companies to be created anonymously.
AJ Greentech, TRHF, and Image Chain Group didnt immediately respond to phone and e-mail requests for comment outside normal business hours.
Neuromamas website says it has a broad range of businesses and investments. They include a social network, oceanfront property, as well as plans to license Cirque-du-Soleil-style performances in Tijuana.
NEUROMAMA, LTD. IS A FAST GROWTH COMPANY TODAY …. AND ….. THE BLUEST OF THE BLUES … A REAL ASSET PLAY OF TOMORROW! is how the company describes itself. We are convinced that all of our ideas are great. However, in case we had made some mistakes, theyll make a switch for another idea, and partners will make money one way or the other.
Exchanges have extremely stringent requirements and compliance mandates that you cant overlook, said Sang Lee, an analyst at Aite Group. On over-the-counter markets, youre more open to abuses.
The Rolling Stones have created a lavish, over-priced celebration of themselves at the Saatchi Gallery. It’s hard not to love them for it.”>
LONDON Were greeted by a wall of screens pulsing with Mick Jaggers trademark strut and snatches of the great Rolling Stones riffs and licks.
The footage at the start of Exhibitionism, a massive gallery show devoted to the Rolling Stones in London, begins with an early 60s gig; Jagger is shirtless and throwing buckets of water over a tiny, bouncing crowd. It ends with their long-overdue and triumphant Glastonbury debut in 2013.
My mother was a schoolgirl dancing at the front when the Stones bloomed from raucous pub band into rock n roll powerhouseshe and her classmates even gathered to help film an early promo.
Half a century later, it was my turn to witness music history at firsthand during what the founder of Glastonbury would later describe as the festivals all-time greatest set.
Spanning London generations with the very same epic tunes, the Rolling Stones have bettered or outlasted every rock n roll band to set foot on stage. One of the great constants of British life is Jagger and co. swaggering off with our money.
Their latest ruse may be the best yet: a magnificent and bombastic retrospective exhibition with exorbitant ticket prices ready to be rolled out for a global money-making tour.
Decades of stadium shows have made millions, but with the band members now heading into their mid-70s; they have struck upon a wheeze that will keep the crowds rolling in while they sit back in their expensively upholstered armchairs.
Tribes voice recognition video chat technology could make Snapchat and Facebook Messenger look outdated. That tech also attracted a $3 million seed round led by prestigious VC Sequoia, its first seed investment of the year.
Today, Tribes one-touch video walkie-talkie app launches a huge Version 2 update on iOS and Android powered by access to some unreleased Google voice APIs. You still hold down on a friend or groups tile to send them a short, asynchronous video message,but now Tribe automatically adds subtitles to your video chats. And if it recognizes youve said a Magic Word, Tribe will offer a helpful related link.
Say coffee and Tribe offers a button to send a calendar request overlaid on your video chat. Say a celebritys name and it will link to their social media accounts. Products link to Amazon, locations link to maps and songs playing in the background link to Spotify.
Cyril Paglino, CEO and founder of Tribe, calls this augmented messaging. He built the features because, he says, I want Tribe to be the most convenient app for me and my friends.
Now the question is whether these features are enough to pull people away from the standard messaging apps they use, like iMessage, Facebook Messenger and Snapchat. Those all do video, but Tribe wants to make the format the default way people communicate, with text just for when you have to be quiet or share details people need to copy.
Tribe already has 500,000 downloads since its founding in August 2015, and now has 40,000 daily users. It built that community on a meager $500,000 seed round from Ludlow Ventures raised last November. But with the new cash secured in May from Sequoia, plusLudlow, Partech Ventures and Kima Ventures, Tribe is ready to challenge the worlds most powerful chat apps. And if it doesnt work out, Im sure one of the tech giants would be happy to scoop up this product team.
Professional breakdancer isnt on thersum of most startup founders, but that was actually how Paglino got the idea for Tribe. While signed with Red Bulls dance team, he traveled across Europe making friends. But trying to keep up with them all over text messengers like WhatsApp was too slow. You cant type as fast as you can think on mobile. But you can talk.
After building and selling a startup called Wizee in his home of France, Paglino realized he could create an app to solve his typing problem. With Tribe, instead of mashing out long text messages, you simply hold down on the screen, record a video message and its instantly sent to friends. Paglino teamed up with some buddies, rented a hacker house in San Franciscos secluded Dolores Heights for them to live and work from and pushed out the MVP of their app in December.
Tribe is still video first, but its also adding a text option just in case you need to send someone something theyll want to copy and paste, like a phone number or address. Tribe is also branching out from just being for personal contacts to allow Telegram-style public rooms. For now youll have to watch every video left in the room, in order, but the startup is building feedback and ranking features to algorithmically show you the best ones first.
But the big new feature, Magic Words, could be the key to monetizing messaging without annoying its users. Affiliate links to Amazon are one obvious way Tribe could make money. There are also opportunities for tie-ins with other apps, like pushing people to certain ride-sharing services. Paglino imagines that one day you might use Tribe to get per-minute legal advice or telemedicine from a doctor.
The first step is mass traction, though, which could be difficult when everyones social graphs are already established on other apps. Tribe does let you pull in your Facebook friends, but I wouldnt be surprised if Facebook cut off access for competing with it, which its done to messaging apps in the past. Video might be more vivid and less taxing on your thumbs, but not everything needs a face behind it, and utilitarian chat platforms could feel easier than Tribe.
What Tribe is betting on is that the shift to video will upend these chat apps like iMessage, Facebook Messenger and WhatsApp that are essentially desktop IRC programs ported to mobile. And with Snapchats increased focus on broadcasting of Stories instead of private messaging, and the failure of Taptalk, theres a huge open space.
Tribe and Sequoia think that gap can be filled with a video walkie-talkie that doesnt just let you talk instead of type, but actually understands what youre saying.
Tribe 2.0 already has one loyal user: Paglinos mom, whos deaf. Thanks to the subtitles, she can still see the face of her son and video chat with him even though hes far away in Silicon Valley, chasing his dream.
Passport Magazine (blog)
Travel Bloggers: Meet The Digital Nomads Who Use The Net To Travel The World
Passport Magazine (blog)
âWhen we started Globetrottergirls in 2010, there weren't many travel blogs around; and lesbian travel blogs? Barely any!â exclaims Dani. âWe realized that the website had potential to make money about six months into our journey, when we were …
Blogging The Boys (blog)
NFL Draft 2017 Profile: Cornerback Adoree Jackson (Cowboys Pre-Draft Visits)
Blogging The Boys (blog)
Over the next few weeks, we'll continue looking at prospects in the upcoming 2017 NFL Draft from a decidedly Cowboys point of view. Taking the Cowboys current personnel, draft position, scheme, and needs into consideration; defensive line, linebacker, …
Vitaly M. Golombleads global investments at HP Tech Ventures, the corporate venture arm of Silicon Valleys original startup and is the author of Accelerated Startup, a book about ramping up your business. Below is a fascinating excerpt from the book about Golombs favorite thing: pitching.
If youve ever seen me speak at an event, you have probably noticed that I get very excited and passionate about pitching. Theres an excellent reason for that. I believe that a great pitch is useful in so many walks of business. As the CEO of a company, youll be pitching your startup morning, noon and night. Short, 90-second elevator pitches. Three- to six-minute pitches as part of a demo day or a pitch competition. And finally, the Holy Grail: in a VCs office, for a 30- to 60-minute explanation of what the future looks like, if you have anything to do about it. Becoming a truly great pitch artist takes a lot of practice, which I encourage you to invest time in. But that doesnt mean that theres any excuse for having a downright poor pitch.
First things first, what is a pitch? In my mind, its a narrative that ends in a specific call to action. Youre pitching because you want something from someone. Maybe you want their advice, their business or (in the context well be focusing on here) their investment. Whatever youll be pitching for in the future, know that youve done many pitches for your business already. You probably pitched your friends, family and significant other to convince them that this crazy startup thing youre about to embark on was a good idea. Maybe you pitched your old boss to let you work part time, or when you told him or her you were considering quitting your job.
The call to action part of the pitch is extremely important. If youre including stuff in your pitch that doesnt help build the case for your call to action, you should absolutely scrub it from the script. For example, a 90-second elevator pitch has the same purpose as the introductions we talked about in Chapter 28. The idea is to get a meeting. You dont get a meeting by speaking extra fast and loading tons and tons of information into your pitch. Youre not trying to explain everything; youre trying to share enough information to pique their curiosity and make them want to learn more.
Most pitches take place on a stage, of sorts. Not always a literal stage, but a stage nonetheless. Like everything delivered from a stage, your pitch is a performance. If your business is the most innovative thing on stage that day but youre staring at your shoes, mumbling and reading from the slides guess who wont be getting a phone call.
As your company grows and evolves, youll probably get to do a number of three-minute pitches, as part of accelerator demo days, pitch competitions, and so on. The goal here is the same: get that meeting. But there are also a couple of other objectives. If you are part of a large, well-known accelerator, youre probably a great startup, but you have a problem: you will be pitching alongside dozens, if not a hundred, other startups. Theyve all been prepped well. They all need to raise money. That means your goal changes: out of the hundreds of pitches your audience will sit through, you need to stand out enough that youre remembered. When the investors go home at the end of the day, their notepads will have a ton of notes scribbled down on them. Your goal is to ensure that theres a circle around your companys name, and a dollar sign in the margin.
Think of every pitch you do as a competition. Youre pitching to win the grand prize in a competitive field. That means you need to be rehearsed, prepared, well rested and ready for battle. The prize, by the way? Yeah, thats that meeting we were talking about. It is a little bit like winning a hot-dog eating competition, only to learn that the prize is a jumbo-sized hot dog, but trust me: its worth it. The meeting will include another pitch, this time about 20 minutes in length. If they like what theyre hearing and if theres a good back-and-forth happening, the meeting will stretch to an hour.
So, what goes into the pitch, any pitch? First of all, you need to capture your audiences attention. They have their phones in their hand, and they are probably checking Twitter and reading emails as they watch your pitch. If they hear something interesting halfway through your pitch and decide to start paying attention, they wont have heard anything up to that point. That sucks for you, but its the reality of things. So, you need to lead with the one thing that will get their attention. The single most important part of your presentation: traction. How well is your company doing? How many users do you have? How fast are you growing? How much revenue are you generating? If your numbers are good, chances are that the investors will pay attention, even if theyre not immediately interested in your space. If someone is pitching something that is consistently growing at 50 percent per week, Im reaching for my checkbook, and you can explain to me what it is later. Its that simple.
The next part of your pitch is what your company is about. Who is your customer, and what is the problem you are solving? This is important because if I dont know those two things, I dont have any context for evaluating the company. As I discussed in Chapter 20, its much easier to start with a very focused customer. Make them obsessed about the product, and expand from there. In other words: it is a far better story to say that a third of people in San Francisco use your product and that you have a plan for scaling it to the rest of the world, rather than saying that 200,000 people use your product worldwide. The absolute numbers might be the same, but the implication and the story are vastly different. There is no shame to limiting your user base geographically, or to a more narrowly focused market, but make sure you explain that as part of your presentation.
Okay, weve now checked off your traction and the market, and explained why the problem is important to the users. Next, consider exploring how the problem is currently being solved. It is unlikely that you came along and found a completely new market. Uber didnt invent transportation; they just looked at the taxi industry and thought, You know what? Thats terrible, we can do better. In explaining how customers are currently solving these problem, you are helping illustrate that it is worth solving. If nobody is experiencing the problem you have a solution for, I have some bad news for you: you dont have a business. The same goes for competitors, by the way. If you dont have any, it means there is no problem, theres no market and you dont have a business.
If your presentation has gone well up to this point, the audience is at the edge of their seats. They know the market, they feel the problem and now they are eager to hear how youre going to solve this problem. Explain how your solution is perfect for the task at hand. I like to compare painkillers to vitamins: if your solution is something thats nice to have that people cant be bothered restocking when they run out, you are facing a challenge. Conversely, when my Advil bottle is half empty, youd better believe Ill be stopping at a pharmacy on my way home. Be Advil, not vitamins, and make sure that your audience knows it.
Trust me, everything Ive explained above can be done in 90 seconds. For presentations where you have more than just a quick elevator ride worth of time, hit the audience with the how. If you have 20 minutes, its time for a live demo. If the clock is running out, a few screen shots do the trick. Either way, the investors want to know exactly how youre going to deliver on your promises.
For something to be a VC-investable proposition, the next part of your pitch is going to be all about the market. It had better be huge. It needs to be, because otherwise the VCs arent interested in placing a bet on you. Explain how big the market is, and how quickly it is growing. In fact, the speed of growth of a market is even more important than its current size. If you are coming into a big market thats stagnant, youll have to take each customer from a competitor with a bigger name, more money and more trust. On the other hand, if you become a leading player in a market growing 100% per year, you will grow that fast by just playing the game.
Next, its time to explain what your business model is. How are you going to attract new customers and how is your company going to make money? How will you find new customers, how much does it cost and how long does it take? How soon will you break even on them? How much revenue will they bring your company over their lifetime? And now that we understand the total market size and your business model, provide some summary financials. How much money will you be making in three years? How big will your team need to be then?
Something your investors will definitely want to learn more about is your management team. As investors, they are about to place a sizable bet on your company. They need to be convinced that the people in the company know what they are doing and have the capacity to deliver. If you and your team have built companies and exited them before, brag about it. If you used to work at Budweiser, and youre about to launch a product that makes selling more beer easier, make that clear. If you are the foremost expert in the world on something and you have a doctorate to prove it, shout it from the rooftops. I wouldnt spend too much time on this in short pitches, but if you have a little bit more time, do so. Remember, your companys chance of success will be guesstimated based on your traction and your team. Ideas are cheap, execution is everything. This part of your pitch is where you explain to your audience that you have the right team to execute your idea. If theres even the slightest doubt in your mind that you have the right team, then stop pitching and start hiring.
Right. Thats it for your pitch, except the most important part: closing the deal. A great way to end your pitch is to restate why youre there. We have some really smart tech that will change the way you order groceries, and the best, most experienced team in the business. We are raising $2 million. My details are on the screen, please email me to find out more. Perfect, clean and to-the-point.
For the pitching itself, I want to briefly talk about body language. I strongly recommend getting some one-to-one training with a pitch coach. This is part of the package in an accelerator, but even if you havent gone through an accelerator program (yet), try to find someone who can see you in action and give you some pointers. Exuding confidence, planting your feet solidly on the ground, projecting your voice well and working on having eye contact with your audience is crucial and not that difficult to master. All it takes is some practice.
A few investors will ask you to send them your slides before you pitch to them, which is a little bit awkward. If youve ever seen a very good presentation, you realize that the slides are there to help set the pace and to illustrate what the presenter is saying. It doesnt tell the full story. If you send the slide deck to your investors, they probably wont understand what the deal is, so I typically recommending saving it for the meeting. One way around this issue (worth considering especially if you are based geographically far away from potential investors) is to prepare two slide decks. One is your normal deck for presenting, the other is an executive summary designed for reading and getting a feel for what youre about to present.
Albert Einstein once said, If you cant explain it simply, you dont understand it well enough. Bear that in mind; if you cant explain your company to a room full of investors who may not be experts on your market segment, go back to the drawing board.
The Ledger – EST. 1978 – Nashville Edition
… The Rymer Gallery and The Frist Center for the Visual Arts on Thursday, April 6; Introduction to Hand Sewing Workshop at Aurora Nashville inside The Pinnacle on Saturday, April 8; How To Make Money Blogging at The Westin Nashville on Saturday …
Blogging The Boys (blog)
NFL Draft 2017 Profile: Cornerback Quincy Wilson (Cowboys Pre-Draft Visits)
Blogging The Boys (blog)
For the next month, we'll be looking at prospects in the upcoming 2017 NFL Draft from a decidedly Cowboys point of view. Taking the Cowboys current personnel, draft position, scheme, and needs into consideration; defensive line, linebacker, defensive …
The How 'Bout Them Podcast: Episode 41FanRag Sports (blog)
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