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unHeritage – 11 Pitfalls to Family Legacy and How to Avoid Them

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“unHeritage is definitely the lighthouse for protecting your family and wealth for generations. This book is a must read for anyone interested in legacy planning.” Enzo Calamo

To learn more, click here

 

Center for Family Conversations

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The Center for Family Conversations (CFC) is a resource center that provides the integral tools and ideas in helping families establish a 100-year-plus Family Legacy Plan.

To learn more, click here....

 

THE TYCOON PLAYBOOK – How Business Empires Are Built

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The Tycoon Playbook course was created for business families who are already running a successful business and wish to ramp up their growth while preserving wealth for future generations. Specifically, the Playbook teaches high performance business owners the two most highly rewarded skills in business, namely deal-making and how to acquire cash flow producing business assets.

To learn more, click here

 

CNN Financial News

'Things will not change' after sex bias verdict without pushRead full story for latest details. [...]

Angie's List halts Indiana expansion over anti-gay lawAdd Angie's List to the roster of companies and business interests taking a stand against India [...]

The activist nun reforming profit-prisonsSome of America's most controversial companies -- for profit prisons -- have unlikely owners: n [...]

'Ask SeaWorld' marketing campaign backfiresSeaWorld, it appears, has more outspoken enemies than friends on Twitter. [...]

Pebble Time Kickstarter project raised $20.3 millionRead full story for latest details. [...]

Google strikes back at Wall Street Journal - with a laughing babyGoogle is tearing into a recent Wall Street Journal report that claimed Google had gotten away with [...]

It's official: Kleiner Perkins wins gender bias caseRead full story for latest details. [...]

Janet Yellen: U.S. economy not good enough yetRead full story for latest details. [...]

First U.S. penny sold for $1.2 millionRead full story for latest details. [...]

More undocumented workers moving into managementA growing number of undocumented immigrants are landing managerial positions. At the same time, fewe [...]

Lena Dunham slammed for 'Dog or Jewish boyfriend?' quizRead full story for latest details. [...]

Anti-email startup Slack got hackedRead full story for latest details. [...]

 

CNN Small Business News

The futuristic bed that locks the door, brews coffeeMeet Luna, the tech-enabled mattress cover that just raised over $1.1 million on Indiegogo. [...]

This startup could help thwart school bombingsRead full story for latest details. [...]

Meerkat announces $14 million in fundingLive streaming startup Meerkat announced via livestream that it raised $14 million in funding from i [...]

Meerkat who? Introducing PeriscopePeriscope, acquired by Twitter in January, lets users live broadcast from their mobile devices. [...]

The great tech debate: Are we in a bubble or not?Here's a roundup of where some powerful Silicon Valley investors stand. [...]

Think there's a startup bubble? Bet $100K on it.Y Combinator president Sam Altman says there's no bubble -- that companies like Uber, Dropbox a [...]

9 reasons to be hopeful about women in techThese startups are working to leverage technology to level the playing field for minorities and wome [...]

Wanted: Female entrepreneursStartup hub American Underground is aggressively courting women- and minority-led startups. [...]

Send your texts 25 years into the futureAn app released this month lets you send messages, pictures, videos and voicemails to friends and fa [...]

Biased job ads: This startup has a fixBehind cybersecurity, lack of diversity is the next issue threatening companies. Laura Mather, found [...]

Meerkat stole the show at SXSW. Sorry, Twitter.Read full story for latest details. [...]

Lesbian dating app secures $1 million in fundingRead full story for latest details. [...]

 

CNN Money News

Job interview? Beat the millennial stereotypeIt's time to clean up your image and follow these rules. [...]

The average tax refund is now $2,893The IRS has paid out more than $191 billion in refunds so far this tax season to 66.1 million filers [...]

It's getting harder to afford a homeRead full story for latest details. [...]

4 reasons to sell your home nowRead full story for latest details. [...]

Most middle-class kids fail to earn bachelor's degreesLots of attention is paid to college graduation rates of lower-income students, but many middle-clas [...]

The big profits of payday lenders may be overPayday loans come with interest rates of 100% or higher. The government wants to crack down. [...]

Take a private jet to your college tour -- for $43,000If you're one of the lucky few for whom college won't break the bank, or even make a dent [...]

Rent vs. buy vs. live with mom and dadIt was "slacker" and embarrassing for Generation X, but living with parents is acceptable [...]

How to get Millennials to save for retirementWith more immediate concerns like launching a career, repaying school loans and establishing credit, [...]

Sailing around the world in retirement: How we did itRead full story for latest details. [...]

Federal workers owe the IRS $3.5 billionRead full story for latest details. [...]

Free ways to file your taxesPreparing and filing your taxes is an annual -- and potentially expensive -- ritual that can be a bu [...]

 

Fortune Magazine

Will Mmmhops be a hit?Hanson is attempting to chart with a new microbrew. [...]

NBA confirms L.A. Clippers sale to ex-Microsoft CEO Steve BallmerDonald Sterling sues the NBA for damages and demands to be reinstated as owner. [...]

FBI and SEC probe into Carl Icahn and golfer Phil MickelsonAuthorities are looking into the potenial insider trading. [...]

Google launches "right to be forgotten" service in EuropeNow European citizens can request to have search results removed. [...]

Zuckerberg's latest donation reawakens concerns over mixed results in NewarkFacebook founder and his wife donate $120 million to Bay Area schools, claim to have learned from pr [...]

Five crazy things Steve Ballmer has doneIn light of Ballmer placing the highest bid on an NBA team in history on Thursday, here are some of [...]

Four ways Apple could have the "best" product pipeline everFrom the obvious upgrades to the bold and daring. [...]

The all-time most popular stories are...Scoops on movers and shakers, from Marissa Mayer to Mark Zuckerberg to Rupert Murdoch, are the most [...]

Web browsers aren't fun anymoreMozilla updates Firefox, but is it enough to bring old users back? [...]

Valeant injects more cash into bid for Botox-maker AllerganRevised offer worth around $53 billion comes days after drugmaker's last bid. [...]

How to get employees to save for retirementAutomatically enrolling workers into a savings plan and reminding them how much they can lose may ju [...]

Pacing nervously with... Jamin Warren, founder and CEO, Kill ScreenHanging backstage with the videogame arts and culture impresario ahead of his annual two5six confere [...]

 

Reuters Business News

CHICAGO (Reuters) - Best Buy Co Inc plans to close some stores and consolidate its operations in Can [...]

BOAO, China (Reuters) - Chinese President Xi Jinping said on Saturday that the country should not fo [...]

PERTH (Reuters) - U.S. energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd fo [...]

NEW YORK (Reuters) - Wall Street investors may find little reason to make big moves next week as the [...]

NEW YORK (Reuters) - U.S. stocks rose modestly on Friday after late news of merger talks in the semi [...]

SAO PAULO (Reuters) - Brazilian police on Friday arrested the CEO of Grupo Galvão, the latest execut [...]

(Reuters) - Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 b [...]

 

Reuters Economy News

CARACAS (Reuters) - Venezuela confirmed on Tuesday it had entered a recession while inflation remain [...]

WASHINGTON (Reuters) - The Obama administration on Tuesday bowed to months of growing pressure over [...]

NEW YORK (Reuters) - Investors backed away from global equity markets on Tuesday, with light volume [...]

NEW YORK (Reuters) - U.S. stocks fell on Tuesday as investors engaged in profit-taking to pull major [...]

NEW YORK (Reuters) - Crude futures closed up slightly Tuesday, getting some relief from a weak dolla [...]

 

Reuters Business Video

A Silicon Valley powerhouse venture capital firm is cleared of claims it short-circuited the career [...]

In his weekly address, President Obama talks about consumer protections and takes aim at payday loan [...]

A California jury ruled Friday to clear venture capital firm Kleiner Perkins of gender discriminatio [...]

 
 

Financing

 
  • Startup Company Challenges with Tomasz Tunguz

    Startup Company Challenges, Dynamics and Best Practices with Tomasz Tunguz (Redpoint Ventures)   Tomasz Tunguz is a partner at Redpoint Ventures and the author of one of the most active and insightful blogs about startups on the internet today. Tomasz speaks to some of the more salient issues that he has written about and posted. These include trends in the early-stage financial markets; best practices when building a startup including marketing tactics, sales team construction, and unit economics; and more. 

     
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  • LOYAL3 CEO Barry Schneider – We Get To Invent Every Single Day

    LOYAL3 CEO Barry Schneider: We Get To Invent Every Single Day   How do you democratize the stock market? Chairman and CEO Barry Schneider shares LOYAL3’s vision and driving principles for the five-year old startup. LOYAL3 allows companies going public to sell IPO stock to individual investors at the same price as Wall Street. Schneider explains why his company is taking risks and going beyond the status quo to disrupt the capital markets: “There has been precisely 3 IPOs that have ever been crowdsourced. We’ve done them all.” They helped AMC Theatres and Santander Consumer USA go public.Schneider also shares three important values that make up his company’s culture: integrity, innovation, and interdependence. Schneider guest lectured in JD Schramm’s Strategic Communication course on Monday May 19, 2014 where this talk was originally delivered. 

     
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  • The Importance of Picking the Right Investor with Carl Showalter

    The Importance of Picking the Right Investor with Carl Showalter   A relatively recent phenomenon has complicated the investment landscape confronting the founder of the early stage company looking for funding. There used to be a time not too long ago when a founder had only two investor categories to choose from: angels or institutional VCs. Today, it is not that simple. The ecosystem of investors in the Bay Area includes angels, super angels, incubators and accelerators, corporate VCs, the institutional VC community (which itself has fragmented into side funds and specialties), crowdfunding, “demo” days, and the like. Even private equity firms and investment banking firms are coming “down market” to invest in startups, presenting the founder with a bewildering array of choices.   Our speaker, Carl Showalter, a partner at Opus Capital and an experienced investor with a long history in Silicon Valley, offers insights and wisdom on how a founder should think about the fundraising process. When is the right time to raise funding? How much money should the founder raise? What part of the investor ecosystem should a founder go to first? Is crowdfunding as good as it looks? What business models still require bootstrapping as a first step? When is the right time to bring in an institutional VC? 

     
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  • Meshulam Riklis’s Growth Strategy by Peter Ireland

    Meshulam Riklis’s Growth Strategy by Peter Ireland

    How Did Tycoon Meshulam Riklis Make His Fortune?   Money is to look at, not to use. – Meshulam Riklis   One of the questions that I get asked on a regular basis is about the possibility of following the tycoon growth strategy without employing debt. The answer is that it is possible to do so. Over the years I have participated on the buy-side in a number of deals with debt averse buyers. One Russian transportation company comes to mind. The management team had basically been given the company for free by the Russian government shortly after the collapse of the USSR in 1991. The managers then threw themselves fully into growing the company internationally, including in the USA. However, their steadfast rule remained “no debt.” Every acquisition had to be financed with internally generated cash.   The downside to avoiding debt is that it will take longer to get started and, thereafter, growth will be slower. However, some people just prefer to avoid the use of debt. In thePlaybook we focus on those who utilize well-managed debt to grow because it’s easier to start that way and the growth rate is far higher. If you are starting out without a large war chest, it’s imperative to be creative about financing. If you wait for the heavens to drop your grubstake into your lap, you will be waiting forever. The lesson is start small and fast, then build momentum.     Tycoons are masters at the creative financing needed to get rolling. Once you learn the basics of deal-making from them and have achieved a critical mass almost any deal becomes do-able. The challenge is to get started today with what you have. Tycoons have a great deal to teach us about getting off our duffs and starting one step at a time. Let’s take a look at what I mean by this.   One of the financial tools used by tycoons is leverage. This simply means that they will use as much debt as possible to put the financing together for a deal. In many cases, for every dollar of equity they invest there are four to nine times as many dollars of debt. We could spend a great deal of time going over how this is done but today I want to leap-frog the topic to someone who took leverage to an extreme.   I refer to Meshulam Riklis who described his financing strategy as “the effective nonuse of cash.” He summed up his financing philosophy as “Money is to look at, not to use.” Recall the old joke about bankers: they will only lend you money when you can show that you don’t need it and slam the door in your face when you do need it. The joke captures the catch-22 faced by borrowers. Riklis came up with a beautiful solution to the problem which he described in the following words:   Mergers may serve several purposes, but they usually have one single aim at the start. That aim […]

     
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  • CNBC Squawk Box: Sen. Warren Leads Charge to Break Up Big Banks

    CNBC Squawk Box: Sen. Warren Leads Charge to Break Up Big Banks Senator John McCain and Elizabeth Warren are teaming up to break up the megabanks. Massachusetts Senator Elizabeth Warren joined the Squawk Box team on Friday, July 12th to discuss this new bill.  

     
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  • Financing your Family Business without Going Broke

    Financing your Family Business without Going Broke

    Financing your Family Business without Going Broke Financing is indispensable for the success and growth of your family business. But after you’ve already tapped out your personal funds, and perhaps those of friends or other family members to get your business up and going, you’re going to have to find a way to keep the lights on without going broke. That means you’re going to have to borrow money or obtain credit from a variety of institutional lenders. Business loans and lines of credit will allow you to cover expenses, buy new equipment, manage cash flow, purchase inventory, create new products or services, or expand your business when the circumstances are right. If your business is new and doesn’t have an established credit history, you may need to provide collateral to secure a loan or credit line. This could be any personal assets that you cannot otherwise monetize or afford to spend on the business, but can be utilized as security. Your best bet would be to approach a local bank or credit union where you have a personal relationship and a history of sound money management. If your business does have a positive credit history for at least a year or two, the commercial bank that issued your business credit card is a good place to go to apply for a line of credit. Make sure that you’ve paid the balance on that card promptly each month, and if necessary, let the bank know that you’ve been shopping around and intend to move any accounts to the lender that can provide credit with the best terms. Most banks will want to keep you as a customer. Regardless of the age or reputation of your family business, or where you go for financing, you’re going to have to prove to every lender that it is a financially solid concern, with the capability of long-term survival. So make sure you have all your paperwork in order, including all financial and tax statements, all profit and loss history, as well as a list of contacts for credit references. You’ll also need to provide a pro forma to each potential lender. This will be a description of how you intend to utilize your loan or line of credit, how it will affect your cash flow, and how you anticipate paying back the money you’re going to borrow. Once you’ve secured funding, make sure you stick religiously to a repayment schedule. As you continue to display credit worthiness, you will be able to increase your credit limit, borrow at more favorable rates, and most important, keep the business going without going broke. Al Krulick is an award-winning journalist with dozens of years of writing experience. He writes and blogs for Debt.org.

     
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  • Becoming Your Own Banker, The Infinite Banking Concept

    Becoming Your Own Banker, The Infinite Banking Concept

     
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  • Shark Tank: Meet the Sharks at Babson

    Shark Tank: Meet the Sharks at Babson ABC Television Shark Tank Hosts/Entrepreneurs Daymond John & Mark Cuban visited Babson College Tuesday, November 29th. The entrepreneurs held a Meet The Sharks event with Babson student businesses True Intentions and Spy Games as well as participated in a Q&A with the student audience. Daymond John is the Entrepreneur-in-Residence at Babson College 2011-2012. Daymond’s creative vision helped revolutionize the sportswear industry in the 1990s. As founder, president and chief executive officer of FUBU—”For Us, By Us”—Daymond created distinctive and fashionable sportswear and a host of other related gear. FUBU’s phenomenal success made mainstream apparel companies realize the potential for fashionable sportswear that appeals not just to trendsetting urban youth, but to mainstream teens as well. Mark Cuban is the highly successful entrepreneur and investor who founded HDNet, Broadcast.com and MicroSolutions. He has also been an investor in startups, including Mahalo, JungleCents.com, motionloft.com, Filesanywhere.com, Naked Pizza and 140Fire.com. Mark may be best known for his purchase of the Dallas Mavericks on January 4, 2000. Under his leadership, the team’s home games have become a total entertainment experience. Despite initial criticism, he added much more to the usual game-day experience by introducing original video content, advanced technology and unique entertainment options like the Mavericks ManiAACs. His successful efforts have brought a sense of pride and passion to the fans.  

     
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  • Human ATMs- – Business

     
  • The keys to Andreessen Horowitz’s success

     
  • To contract new debts is not the way to pay old ones – George Washington

     
  • Saygin Yalcin – Financing – Raising Money

     
  • Why student loans are more affordable

     
  • Steve Foster, TPG Ventures — Haas School

     
  • Business Plans: Jim Goetz, Sequoia Capital

     
  • Grant Thornton 2012 Global Private Equity Report

     
  • Richard Branson announces an amazing opportunity for budding entrepreneurs

     
  • Meltdown (pt 1-4) The Secret History of the Global Financial Collapse 2010

     
  • David S. Rose on pitching to VCs

     
 
 
 

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Lugen Family Office is the Most Trusted Online Curator on Wealth Management, Financial Literacy, Family Business, Philanthropy, and the UHNW.

Check out over 22,000 Complimentary Posts from Enzo Calamo

 

Family Office Newswire

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The #1 Family Office Newswire That Empowers Family Dynasties. Over 8,500 Complimentary Posts and growing rapidly with relevant topics!

Learn from Billionaires How To Handle Your Family Wealth.

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"You're a giant among curators and your work is world-class awesome. Thanks for being an incredible role model to the curator community!" Scoop.it

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UHNW Wealth Newswire

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The #1 UHNW Wealth Newswire For Living Your Dreams. Over 5,400 Complimentary Posts on important topics that show you the Secrets of Accumulating and Preserving Wealth!

ENZO CALAMO IS A SILVER AWARD CURATOR ON FINANCE FOR SCOOP.IT!

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Family Business Newswire

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The #1 Family Business Newswire That Helps You Move From Success to Significance. Over 3,900 Complimentary Posts On Key Factors To Build A Profitable and Sustainable Business!

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The #1 Philanthropist Newswire For Leaving A Legacy From The Heart. Check out the latest trends in philanthropy today with over 1,200 Complimentary posts. Learn what some of the greatest philanthropists in history believe about gratitude and giving!

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UHNW Real Estate Newswire

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The #1 UHNW Real Estate Newswire for Luxury Homes and Commercial Real Estate. Check out the latest trends in real estate today with over 3,100 Complimentary posts.

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Lugen Family Office Proudly Supports AIP

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The International Association of Advisors in Philanthropy is the leading charitable giving organization in the world for inspiring collaboration among professionals.

Enzo Calamo,
AIP Ambassador, Past President

To learn more about AIP, click here

 

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Reuters Wealth News

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NEW YORK (Reuters) - Two former executives of a defunct Wall Street broker-dealer were sentenced to [...]

NEW YORK (Reuters) - Investors around the world pulled over $6 billion from stock funds in the week [...]

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MarketWatch Personal Finance

A story published Friday on MarketWatch inaccurately reported the price-per-square-foot of a fixer-u [...]

Location trumps condition in the red-hot Bay Area real-estate market. [...]

Volkswagen’s hot new hatch, the Golf R, is a blazing gem of a German car, says Dan Neil. [...]

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The new domains are designed to prevent cybercrime, but how many banks will use them? [...]

More celebrities and politicians are talking about their school loans. [...]

Sweet Briar College will close in 2015, and about one-third of schools are on an unsustainable finan [...]

 
 
 
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