Apply to First Round’s AI/ML Unconference to Learn From Fellow Builders

Apply to First Round’s AI/ML Unconference to Learn From Fellow Builders

Apply to First Round’s AI/ML Unconference to learn from fellow builders in the industry. The Unconference is designed to tackle the tactical challenges of everyday building such as cleaning and labeling... ...datasets, fine-tuning models, and monitoring them in production in the fast-paced world of AI and ML. First Round has long-standing partnerships with companies like Labelbox and Verkada, and backs... ...newer startups like Rewind and Together, which are innovating in the AI and ML space. The Unconference format allows attendees to share and learn in dynamic, focused breakout discussions,... ...fostering multi-dimensional conversations among people with different perspectives. The event aims to build the strongest community of technical startup leaders by providing a forum for folks to swap tactics and share learnings. The First Round AI Unconference will take place on Monday, August 28, from 5-8 pm in San Francisco. Attendees will participate in small breakout discussions on the most burning questions for... ...AI and ML leaders, and get a chance to interact with early-stage companies in this space. The content of the Unconference is tailored to cover top-of-mind topics from AI & ML leaders across the org chart in sessions covering areas like selecting... ...between Foundation Model providers, building a moat for generative AI applications, open-source vs closed-source models and devtools, and more. Applications are currently being accepted for leaders or operators in the AI or ML space. The application deadline is Friday, August 25.

#Unconference#leaders#Round

How to Write a Business Proposal [Examples + Template]

How to Write a Business Proposal [Examples + Template]

Business proposals are critical for bridging the gap between a business and potential clients.... ...They outline the business's value proposition and persuade companies to do business with them. Business proposals are different from business plans. While business plans assist... ...in finding investors for the business, proposals help in seeking new customers. There are two types of business proposals: unsolicited and solicited. Unsolicited proposals are those where a business... ...approaches a potential customer with a proposal, while solicited proposals are requested by prospective clients. A business proposal should include a statement of the problem the organization is facing, a proposed solution, and pricing information. Understanding the company you're writing the proposal for is crucial. If they've sent... ...a Request for Proposal (RFP), read it carefully to understand what they want. A business proposal usually includes a title page, an executive summary, a statement of... ...the problem, a proposed solution, qualifications, pricing options, and a conclusion. The title page should introduce you and your business, and include your name, your company's name,... ...the date you submitted the proposal, and the name of the client you're submitting the proposal to. The executive summary should detail why you're sending the proposal and why your solution is the best for the prospective client. The proposed solution should be customized to the client's needs and include the deliverables... ...you'll provide, the methods you'll use, and a time frame for your proposed solution. Share your qualifications in the proposal, including case studies, client testimonials, relevant awards, and industry accreditations. Include pricing options that detail a pricing breakdown, how product features align with pricing choices,... ...pricing for different needs and budgets, and how your pricing compares with competitors. The conclusion should summarize the proposal, share your qualifications, and confirm your availability to discuss the next steps. There are several business proposal templates available that can help you create your proposal, including web design proposals, SEO proposals, sales... ...proposals, marketing project proposals, business consulting proposals, social media marketing proposals, and content marketing proposals. When writing a business proposal, start with an outline to help you stay focused, keep it simple,... ...stay on brand, and ensure quality control by checking for consistency, clarity, and accuracy.

#business#proposals#proposal

Cram Down – A Test of Character for VCs and Founders

Cram Down – A Test of Character for VCs and Founders

Cram downs are a practice used by venture capitalists to provide more cash to struggling startups, but with unfavorable new terms for the founders. This practice was popular after the dotcom crash, and is making a resurgence due to changing economic conditions. Cram downs often involve re-writing stock agreements, forcing existing investors to participate... ...in the new financing or lose out, and can significantly devalue common shares. Venture capitalists justify this practice as their fiduciary responsibility or good business, however, it can be seen as abusive and usurious. Startups that are struggling to find product/market fit, generate sufficient revenue, or lack patient capital are especially vulnerable to cram downs. Founders agree to cram downs out of desperation to keep their company afloat, often compromising their ethical stance in the process. The article suggests that cram downs would not exist without the founder's agreement and encourages founders to consider walking away and starting afresh. The author argues that cram down funding is not a lifeline but a noose, as it often leaves... ...employees with little to show for their work and rarely turns around a failing business. Founders are advised to take time to consider alternatives, seek advice, and visualize what life might be like after their company ends. The article concludes by suggesting that if a founder is prepared to walk away, they might end up with a much better deal.

#downs#cram#practice

Why The Pentagon Can’t Count: It’s Time to Reinvent the Audit

Why The Pentagon Can’t Count: It’s Time to Reinvent the Audit

The Pentagon has repeatedly failed its financial audit due to its complex and massive financial management systems. Auditing the Department of Defense (DoD) is a massive task as it involves counting the location... ...and condition of every piece of military equipment, property, inventory, and supplies. The DoD is the largest employer in the country with 2.9 million people and has 643,900 assets... ...ranging from buildings, pipelines, roads, and fences to aircraft and battle force ships. Despite spending close to a billion dollars annually on auditing, the Pentagon has consistently failed to meet audit standards comparable to private companies. The DoD could innovate in auditing by leveraging new technology and approaches, including predictive analytics, fraud detection, and machine learning. The DoD has a history of leading business innovation, such as creating the COBOL programming... ...language in 1959, demonstrating its potential to innovate in the auditing sector. By allocating 10% of the auditing budget to Small Business Innovation Research programs, the DoD could... ...stimulate the creation of new startups in the auditing/data management/finance space each year. The DoD could also work with existing government audit standards bodies to create new machine-driven and semi-automated audit standards. Such investment could lead to the establishment of a defense audit center of excellence, fostering academic research and public-private partnerships. These actions could drastically reduce audit costs, standardize the DoD's financial management environment, and improve budget transparency. Despite these potential benefits, the DoD has not pursued this innovative approach, missing... ...an opportunity to lead in the development of next-generation auditing tools and services. Transformational, contrarian, and disruptive advice is needed to drive change within large organizations like the DoD. The DoD should consider if the high cost of auditing is leading to greater efficiency and better management, or if there might be more effective approaches.

#auditing#audit#management

Lessons on Leadership: Michael Abrashoff on Turning the Worst Ship in the Navy into the Best

Lessons on Leadership: Michael Abrashoff on Turning the Worst Ship in the Navy into the Best

Michael Abrashoff transformed the USS Benfold from being one of the worst-performing ships... ...in the navy to the highest-performing within three years without changing the crew. Abrashoff encourages organizations to reward risk-takers and innovators, not those who avoid change and controversy. He believes that the key to leadership is understanding oneself first, which can lead... ...to a transformation in how leaders interact with their team and make decisions. He stresses that leaders need to allow their subordinates to fulfill their talents to the utmost, emphasizing that... ...many limitations are self-imposed by the leader due to their own fears, ego needs, and unproductive habits. Abrashoff argues that command-and-control is not the most efficient way to tap into people's intelligence... ...and skills. Instead, he advocates for creating a culture where employees take ownership. He believes that rules should be questioned and challenged, as many may become obsolete over time. Abrashoff found that people leave organizations mostly due to lack of respect, inability to impact the... ...organization, not being listened to, and not being given more responsibility, rather than low pay. He suggests leaders should see the world through the eyes of their subordinates, which can make it easier to identify and address problems. Abrashoff criticizes systems that reward micromanagement, which he believes disempowers subordinates and removes ownership and accountability. He encourages leaders to constantly seek better ways to do things and to implement processes that people enjoy carrying out. Abrashoff argues against creating extensive rules and policies for every possible contingency, as they become difficult to change and discourage ownership. He believes that giving the right people direction and autonomy increases the odds of success. Instead of rules, Abrashoff suggests organizations should use principles, allow for exceptions... ...and judgement, and train people to think and make decisions on their own. His book, "It's Your Ship," details the techniques he used to win trust, create an environment where people felt accountable, and gain commitment.

#Abrashoff#people#believes