Welcome to BPV Perspectives
As former entrepreneurs and operating executives, we know how hard it is to start and grow a business.
We understand that few businesses play out according to plan and that success is rarely achieved in a straight line. Equally important, we know that all companies ultimately succeed or fail based on the performance and commitment of their people. Finding the right people, managing, motivating and leading them toward a shared vision is the cornerstone of entrepreneurial success. Here we include a collection of books, blogs, resources and tools which we hope will help entrepreneurs as they look to start companies, raise capital, or grow their businesses. We will continuously be adding new content to the page so please check back often.
To better understand the thinking that influences and informs our decision making and operating style, please visit our blog – Navigating Venture - that provides interesting articles and commentary on entrepreneurship, building great businesses and investing in private companies in the Southeast and Texas. Included among the links, articles, and featured content you will also find The Library in St. Pete, a collection of books that we routinely recommend to friends, colleagues, and the executives of our portfolio companies.
We also offer links to several outstanding publications in our Virtual Waiting Room (to the right) and several specific articles of interest (below).
Why venture capital could be right for your company – Increasing sales and reinvesting profits are fine as far as they go but fall short if your company faces an opportunity in the marketplace that is larger and growing faster than you can tackle with your existing capabilities. The capital and expertise a venture capital firm provides can accelerate a company’s growth and reduce the risk to personal net worth.
What Makes Great Boards Great – Every crisis leads to new reforms and best practices meant to prevent the next crisis… but there’s always a next crisis. Why do the formal operating procedures of boards, enacted by members with diligence and integrity, sometimes fail?
Growth Equity Is All Grown Up – Growth equity has matured and evolved into a distinct asset class incorporating the best characteristics of both venture capital and private equity.
Worry Less About the Idea, More About the Execution – Investors want entre- preneurs, not ideas. Anyone can come up with a great idea, but very few can actually pull them off. If your idea is so easily stolen that just hearing the concept is enough to allow anyone to replicate it and launch it better than you, then you’ve already lost. Given the ubiquity and overlap of ideas, asking for an NDA only slows the process and undermines your pitch – unless you have patented IP and not just a legally un-protectable thought. (Inspired by the Forbes article entitled “Why Investors Don’t Sign NDAs.”)
Know What You Don’t Know - Most failures don’t happen ‘in a flash’ but instead evolve over time. In Great Boards magazine, Professor Michael Roberto offers strategies to assist leaders in recognizing the early warning signs before problems grow into failures.
On Avoiding Risk – Will Harrell of Capco Asset Management opines on the nature of risk. Though written from the perspective of investing, it applies to operational types of risk as well: accept the truth about risk(s) and focus on margins of safety against those risks.
LLC vs. C - If you find yourself struggling with a decision regarding the appropriate legal structure for your business, you are not alone. Although there is no one right answer for every circumstance, you can reduce your future headaches (as well as taxes and legal fees) if you consider the implications either structure could have on the future goals you have for your business.
The Value of a Stepped-Up Tax Basis – When making an acquisition, the buyer often faces a choice: purchase assets and deal with the legal hassles involved or buy stock and forego the stepped-up tax basis advantage. Each option has its advantages and disadvantages, and typically the decision will depend on the unique circumstances of the specific transaction. However, in this article, bizactions.com explains that under section 338 of the Internal Revenue Code there are two options for combining the best aspects of stock and asset purchases in one transaction.
A Private Equity Perspective on Boards – Which board practices at publicly-traded companies make the most sense to implement at a small- or mid- sized private company? Directors & Boards magazine outlines six specific strategies for high-growth companies to create the optimal board.