Hot Tech Salary and Trend Highlights

Filed under: Compensation, High Tech / IT / Software, Industry Info, Tech Trends

Hot Tech Salary and Trend Highlights

Choice Salary Tech Ranges - Info from Robert Half 2013 Technology Salary Guide

Choice Salary Tech Ranges – Info from Robert Half 2013 Technology Salary Guide

from the Robert Half 2013 Technology Salary Guide

 

“Money may not be all IT employees consider when choosing to join or stay with your firm, but it’s certainly one of their key benchmarks.”

Attracting and retaining top tech talent requires a concerted plan. To attract the best and brightest, companies must be dynamic and growing, and must provide a work environment and benefits that motivate employees.

A lot of leading edge tech companies offer gyms, free healthy lunches, child care, transportation, flextime, work from home, and professional development opportunities in addition to good health insurance, 401Ks, and options. As the market improves, the competition over top talent only becomes more acute. Whether actively looking for new opportunities or not, top talent is being pitched on a consistent basis. In addition to these perks and benefits, your employees are shopping salaries. Read more »

Finding Angel Investors without Advertising

Filed under: Industry Info

Finding Angel Investors without Advertising

Thomas Su, ResearchWhitePaper Group, Inc.

Thomas Su

 

Many rules have restrictions in preventing advertising of your opportunities – so, how do you find angel investors without advertising to the public?

For many capital seekers, they also find that the marketplace is inefficient in terms of finding angel investors for their business.

Entrepreneurs looking for angels must be creative in figuring out ways to get their executive summaries around within the limits of the law. An SEC rule forbids “general advertising and general solicitation” for investors in privately held companies. (Start-ups, by definition, are privately owned.) As a consequence, angel access to interesting deals has been hit-or-miss.

If you don’t make the effort, you don’t have a fair chance of reaping the rewards; and the rewards can really pay off as well.

Angel investors are active investors!

On the other hand, the good news is that angels have a clear field in the early-stage sector.

To find angel investors, you usually engage in what is euphemistically called networking — going to industry events and rubbing elbows with the other participants with the hope that some of them will be looking for investments, mining professional relationships (asking your lawyer and/or accountant for leads, for example), and exhausting your Rolodex.

Local business associations are the most common way to get plugged in, but the networking process takes a lot of time — usually more time than is available after you’ve started operations.

Start your networking before your business

Although business consultants will usually suggest that you set up a business plan as the first step for a business, some business founders will suggest you should establish your contacts well before you even start your business.

Below are some steps we have gathered from various founders

Share your existing contacts

When we set up our first private equity fund, the first thing was to pull out every single business card amongst the three of us (the co-founders), then we built a spread sheet on how we were going to introduce our business to each one of them.

For each contact we had – we assigned: Investor, Business Partner, Customer, Marketing partner. Then put in motion our introduction strategy steps, ex. send introduction letter, mail prospectus. etc.

This is a good way to build up a To-Do list – and back then, CRM was not as advanced as these days, so, we just did it on a very simple spreadsheet – you can now use CRM tools which are much more powerful – if you do use them.

Your professional networks

Amongst our contacts – there are many professional contacts – lawyers, accountants are especially useful for us – as they have their own networks. Through our networking with accountants, we managed to find several prospective investors interested in our business – and through our lawyer, we were introduced to an international investor who wished to invest as part of the immigration process.

Your other networks

The next thing to do is to go through your business networks, and this includes your business partners, your clients. I raised capital from a stockbroker who liked our investment process and decided to put some money into.

We sent out a newsletter to our clients as we also had a newsletter business at the time – we received quite a few inquiries about investing in our company, as the recipients have been following what we do.

Angel investors can often come from the least unexpected sources, so open up and reconnect through as many networks as you have.

Business executives and connections

This is a really good source for either investors or business partners. Build up a database of CEOs, COOs, CFOs and CTOs of companies that you believe could help.

Again, investments can come from the least expected sources. One of my clients runs a successful environmental venture capital fund, he raised his capital from Al Gore’s climate change private equity fund, which was not a surprise; but 2/3 of the capital was raised from 2 executives – one runs a telecommunications company, and one runs a property development company – neither company are involved in the cleantech industry.

So, how did he find these two investors; he searched through news on major donors of climate change functions – and found two companies who were not major donors but whose directors were extensively involved in sustainable energy and forestation projects on a personal level.

After 2 years of running the fund, he received a substantial injection of capital from another 2 executives in the mining industry using the same tactic.

These days, the power of social media has made things much easier. You can connect to other executives much easier and more quickly. But have you really looked at your connection deeply?

You will be surprised that you may have 10,000+ connections in your networks already before you even know it.

Social media networks is just like a giant Rolodex (business card holders for those outside North America); combine and share your networks with other co-founders and business partners, and you may find many angel investors are actually in your networks already.

Set up business executive directories and identify potential partners from established companies; also pull out lists of exhibitions or events and check out who the keynote speakers are for your industry, that can also quickly identify potential angel investors as well.

Hopefully you find these strategies useful to find your angel investors.

 

About ResearchWhitePaper Group, Inc.

ResearchWhitePaper Group, Inc. is a global research organization specializes in providing analysis and research into venture capital, private equity and emerging industries. It has produced various strategy reports, ebooks and databases, more information can be found on our site.

Recruiting Success Stories: Mohan Bhan, Solar Energy

Filed under: Featured Placements, Jobs/Employment

Recruiting Success Stories:

Mohan Bhan

Mohan Bhan

Featured Placement – Mohan Bhan

Chief Technology Officer – Ultra Thin Film Solar Energy

 

When this rising 3rd Generation Solar start-up needed top industry talent, the CEO reached out to Redfish based on excellent industry recommendations. Incorporating nano structured photovoltaic cells to increase the total daily power output of solar modules, this exciting company’s mission is to provide clean, safe, renewable energy Read more »

Recruiting Success Stories: Subrat Nayak, Electrical Engineer – Electric Vehicle Technology

Filed under: Featured Placements, Jobs/Employment

Subrat Nayak

Subrat Nayak

Recruiting Success Stories:

Featured Placement – Subrat Nayak

Electrical Engineer – Electric Vehicle Technology

 

The CTO of this well-reputed electrical vehicle technology company reached out to Redfish to find an electrical engineer for their cutting edge development team. The right person needed relevant experience in logic, embedded and mixed signal systems; experience in battery management techniques and design for automotive environments was also highly desirable. Read more »