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battlestations pacific sequel
- 2013 These two games ROCK !! I wouldn't go that far, Battlestations is an RTS at its core, whereas WoWs is an MMO. liveandletdie1, August 24, 2013 in General Game Discussion. its not a terrible game.. the multiplayer is meh.. mainly due to it being an old game.. but the game play itself is fairly nice i think.. i actually did spend the $9 on steam to get Battlestations: Pacific.. and have enjoyed it.. my skills at playing WoWP	DO NOT help in that game though.. lol the plane controls are atrocious if not using a game pad or 360 controller lol. Battlestations: Pacific has over a thousand Steam reviews. (Midway and Pacific). Battlestations: Pacific Review Strategy and action merge in this complex and exciting sequel. Battlestations: Midway. 8. Battlestations: Pacific. Recently, … Battlestations sequel planned. hell~o i love such game style i hope they will keep em coming. Battlestations Pacific is the sequel to Battlestations Midway, set during World War II Battle stations sequel PLEASE !!!!! The Mac OS X version of the game was developed by Robosoft Technologies and released on 8 October 2010 by Feral Interactive. It offers two campaigns - … In this game, players control a number of different air and sea units from both the United States and Imperial Japan during World War II in the Pacific. We've known since March that Eidos Studios Hungary is developing a sequel to its 2007 World War II strategy game Battlestations: Midway. All trademarks are property of their respective owners in the US and other countries. It offers two campaigns - … Battlestations: Pacific is the sequel to Battlestations: Midway, which was a highly innovative game in the action genre, effectively combining a good action play with solid strategic elements. I tried the demo for Battlestations (Pacific I think? Following in the footsteps of BSmodHQ v.3.0 for BSP is the next generation mod for Battlestations: Pacific. The innovative franchise returns to complete the entire Pacific … Still, for those looking for a flying game (primarily) that's just about fun, but that also has more depth than, say, H.A.W.X., Battlestations: Pacific is a decent bet. Battlestations: Pacific is an action-RTS set during World War II in the Pacific Theater. Navyfield is a perfect example of a game that's been horribly executed from day one and has only survived this long because there's literally no other competition. Eidos enlists UK burlesque artist for Battlestations: Pacific. 1 Welcome to the Battlestations Pacific Wiki 2 [edit]Downloadable Content 3 Table of Contents 4 † - Requires the Volcano Map Pack‡ - Requires the Carrier Map Pack 5 This Wiki 6 This wiki is for the game battlestaions pacific and contains tips and tricks on how to complete the missions in the game with gold medals to get unlocks or tips to and trickes to beat skrmish maps more easier. It was released for Microsoft Windows and Xbox 360 on May 12, 2009 in North America, and on May 15, 2009 in Europe and Australia. © Valve Corporation. 13. It is also the sequel to the 2007 video game Battlestations: Midway. Battlestations: Pacific is an action and real-time tactics video game published by Eidos Interactive and developed by Eidos Hungary. Battlestations Pacific is the sequel to the critically acclaimed Battlestations Midway. Eidos Confirms Battlestations: Midway Sequel. Twice the size of the original the sequel includes 28 major battles, 100 units including 21 new units, five new innovative multi-player modes across eight new multi-player maps, and new features which include island capture, kamikaze attacks, and an improved easy-to-use interface. The series wasn't popular enough to be continued past its second installment, sure, but it wasn't completely unknown or forgotten. Feel the power of the historically authentic and decisive battles of the Pacific War. Jan 8, 2013 @ 11:32pm Battle stations sequel PLEASE !!!!! Eidos dodges trademark claims. Sequel to Battlestations series? I'd judge it to be one of those game series that was played by a decent number of people but didn't leave much of a legacy to be remembered by. 1 Welcome to the Battlestations Pacific Wiki 2 [edit]Downloadable Content 3 Table of Contents 4 † - Requires the Volcano Map Pack‡ - Requires the Carrier Map Pack 5 This Wiki 6 This wiki is for the game battlestaions pacific and contains tips and tricks on how to complete the missions in the game with gold medals to get unlocks or tips to and trickes to beat skrmish maps more easier. a few still it will die out when WoWs comes out though. There are 2 campaign lines. Battlestations: Midway was released earlier this year on Xbox 360 and PC. Battlestations Pacific. ... Battlestations sequel named? Produkt łączy w sobie elementy strategii oraz symulatora, przenosząc nas w czasy II Wojny Światowej. It was released for Microsoft Windows and Xbox 360 on May 12, 2009 in North America, and on May 15, 2009 in Europe and Australia. The Battlestations Collection includes the first Battlestations title and the expanded sequel Battlestations: Pacific in one twinned release. The company posts a loss, but looks towards the future. Sequel pozwala na toczenie walk w rejonie Oceanu Spokojnego. Battlestations: Pacific is the sequel to the game Battlestations: Midway. Battlestations: Pacific is an action strategy video game and is a sequel to the 2007's Battlestations: Midway. Any gameplay footage you see is fake and is more than likely the Battlestations game "rebranded" as WoWS to attract views and cause confusion. You control ships, subs and planes as you fight your enemy to the death! This sequel's design seems to be a mix - some bad things remain, while others have been scrubbed away. If so i would love to know.... he could be comparing it to the fake gameplay videos? In May 2009 the game became available to the public. Unlike Midway, Pacific is designed to run on high-performance PCs, so a computer capable of running Midway may not be able to run Pacific. Battlestations Pacific is the sequel to the critically acclaimed Battlestations Midway.Take the fight in the Pacific direct to the enemy in this epic action-strategy game where players command and take control of over 100 air, sea and undersea units.Fight in two massive historic single player campaigns and battle online in a deep multiplayer game featuring 5 unique modes across numerous battle scenarios. Championship Manager 2007. Kane & Lynch. Recently, we … Thank you to … Take the fight in the Pacific direct to the enemy line in this epic action-strategy game where players can command and take control of over 100 … There has been no actual "gameplay" of WoWS yet. Does anyone still play it? These two games ROCK !! Eidos' sequel to Battlestations: Midway is set to sizzle this summer, and we're not … The Japanese Campaign and the American Campaign. It is a blend of the action and real-time strategy genres, with players able to order an entire fleet around the map and also take control of individual units. Battlestations: Pacific jest kontynuacją gry Battlestations: Midway i w stosunku do poprzedniczki rozgrywka niewiele się różni. We've known since March that Eidos Studios Hungary is developing a sequel to its 2007 World War II strategy game Battlestations: Midway. Battlestations Pacific • Gry XBOX 360 • pliki użytkownika fantazjapk przechowywane w serwisie Chomikuj.pl • Battlestations Pacific.r01, Battlestations Pacific.r15 Items included in this bundle. BattleStations: Pacific is the immense sequel to the critically acclaimed Battlestations: Midway. BattleStations: Pacific is the immense sequel to the critically acclaimed Battlestations: Midway. Experience new combat features such as more advanced submarine combat, easily customizable planes and ordinance loads, and island invasions. Try out the multiplayer and everything. ... Battlestations sequel named? It's getting pretty old isn't it? The sequel to 2007's Battlestations: Midway, developed by Eidos Hungary, Battlestations Pacific remains one of the best naval combat RTT's in … Battlestations: Pacific demo on Live today. Which is fine by me, tbh. By Wolna battlestations pacific 汉化补丁 pobrać oprogramowanie w UpdateStar - Battlestations Pacific is the sequel to the critically acclaimed Battlestations Midway. $6.99. BattleStations: Pacific is the immense sequel to the critically acclaimed Battlestations: Midway. That will be the day my brother, That will be the day! BattleStations: Pacific is the immense sequel to the critically acclaimed Battlestations: Midway. Battlestations: Pacific is an action and Real-Time Tactics game by Eidos Interactive, released on May 12th, 2009 for PC and Xbox 360.It is the sequel to the 2007 game Battlestations: Midway.. Battlestations: Pacific is the sequel to the game Battlestations: Midway. In this game, players control a number of different air and sea units from both the United States and Imperial Japan during World War II in the Pacific. Battlestations: Pacific jest drugą grą z serii Battlestations, produkowanej przez firmę Eidos. The only thing from navyfield I want to see in this game is larger battles than what they've said it will have. Battlestations Pacific is the sequel to the critically acclaimed Battlestations Midway. The game is based in World War II as you fight either as the japanese or americans to victory. !, on 360 or PC, fair enough the graphics are dated, EIDOS's Hungary studio shut down and moved to LA in the end of 2009 and stopped production of the next release, I really hope they make a new addtiion in 2013, I've spend days playing this game I Love it!. On February 28, Eidos Interactive announced Battlestations: Pacific for PC and Xbox 360. It is a blend of the action and real-time strategy genres, with players able to order an entire fleet around the map and also take control of individual units. Beer_Bosun. What are you comparing Battlestations to? Those titled, "World of Warships Alpha Testing" which are actually the game Battlestations...like this one, for example... or, this one (too funny, dead give away it's not WoWs with the submarine).. tankwarhammer9000, on 25 August 2013 - 02:42 AM, said: t42592, on 25 August 2013 - 04:11 AM, said: tankwarhammer9000, on 25 August 2013 - 04:13 AM, said: KingDestroyer21, on 25 August 2013 - 04:20 AM, said: tankwarhammer9000, on 25 August 2013 - 04:23 AM, said: OdinValknir, on 24 August 2013 - 10:19 PM, said: D3matt, on 31 August 2013 - 02:56 AM, said: tankwarhammer9000, on 31 August 2013 - 03:00 AM, said: D3matt, on 31 August 2013 - 03:05 AM, said: tankwarhammer9000, on 31 August 2013 - 03:09 AM, said: D3matt, on 31 August 2013 - 03:23 AM, said: tankwarhammer9000, on 31 August 2013 - 03:25 AM, said: its not a terrible game.. the multiplayer is meh.. mainly due to it being an old game.. but the game play itself is fairly nice i think.. i actually did spend the $9 on steam to get Battlestations: Pacific.. and have enjoyed it.. my skills at playing WoWP DO NOT help in that game though.. lol the plane controls are atrocious if not using a game pad or 360 controller lol. Just Cause. i want to calculate my salvo.. mrlazorz, on 24 August 2013 - 07:20 PM, said: smiith, on 31 August 2013 - 08:22 AM, said: JarethG, on 31 August 2013 - 11:53 AM, said: D3matt, on 31 August 2013 - 05:13 PM, said: You need to play a total of 20 battles to post in this section. It's already been established that there will not be manual aiming of the like navyfield has. Eidos are yet to announce Battlestations Pacific, so … Try out the multiplayer and everything. The innovative franchise returns to complete the entire Pacific … Wolna battlestations pacific 無料ダウンロード pobrać oprogramowanie w UpdateStar - Battlestations Pacific is the sequel to the critically acclaimed Battlestations Midway. Sequel pozwala na toczenie walk w rejonie Oceanu Spokojnego. Action. It was the sequel, has better graphics and more famous battles such as Guadalcanal, Iwo Jima, and Okinawa. liveandletdie1, on 24 August 2013 - 07:07 PM, said: PS: Everything appears identical except better graphics.... t42592, on 25 August 2013 - 02:40 AM, said: either the fakes that have gone around.... or perhaps the trailer on the main site? $8.99. Battlestations: Pacific jest drugą grą z serii Battlestations, produkowanej przez firmę Eidos. Battlestations: Pacific shifts events beyond Midway for the American forces as they continu… 8. There are 2 campaign lines. Doskonale wszystkim graczom znana firma Eidos podała dokładną datę premiery kontynuacji udanego połączenia strategii i symulacji - Battlestations Midway. You control ships, subs and planes as you fight your enemy to the death! Only a few screenshots. It is also the sequel to the 2007 video game Battlestations: Midway. It is set to be released for Microsoft Windows and Xbox 360 in May 2009. All rights reserved. Battlestations: Pacific > General Discussions > Topic Details. This sequel takes place right after Battlestations: Midway and has twice as many missions as the game before. I was a huge fan of the battlestations midway and battlestations pacific games and after viewing a couple trailers this game appears to be the next sequel. Take the fight in the Pacific direct to the enemy in this epic action-strategy game where players command and take control of over 100 air, sea and undersea units. The Battlestations Collection includes the first Battlestations title and the expanded sequel Battlestations: Pacific in one twinned release. Eidos dodges trademark claims. Produkt łączy w sobie elementy strategii oraz symulatora, przenosząc nas w czasy II Wojny Światowej. Eidos did a decent job at combining the two genres, so we're expecting more of the same when the sequel is released. Experience new combat features such as more advanced submarine combat, easily customizable planes and ordinance loads, and island invasions. Battlestations: Pacific – strategiczna gra czasu rzeczywistego z elementami gry akcji w realiach II wojny światowej na Pacyfiku, wydana przez Eidos Interactive na platformy Xbox 360, Windows oraz OS X.. Rozgrywka. Wasn't there some demo'ed at the E3 event? By Kevin VanOrd on May 18, 2009 at 6:06PM PDT Battlestations Pacific is developed by Eidos Hungary and is published under the banner of Eidos Interactive. As one of the few games to combine action and strategy in a truly meaningful way, Battlestations: Midway appealed to a broader range of World War II enthusiasts than most simulation-style games. And decisive battles of the game is a sequel to the 2007 video game and a... Video available online, that we know of, that will be the day my brother that... Wszystkim graczom znana firma Eidos podała dokładną datę premiery kontynuacji udanego połączenia strategii i -... Whereas WoWs is an RTS at its core, whereas WoWs is an action video. By Kevin VanOrd on May 18, 2009 at 6:06PM PDT Battlestations: Pacific is the sequel to Battlestations Midway! Unknown or forgotten also the sequel, has better graphics and more famous battles as... For BSP is the immense sequel to the 2007 's Battlestations: Pacific is the sequel, better! Produkowanej przez firmę Eidos part of history or change it and island invasions at core. Offers two campaigns - … i would love to know.... he could be comparing to. … sequel merge in this game is a sequel to the game Battlestations: Midway as they continu… Pacific. Wows yet the power of the Pacific the demo for Battlestations: which... Want to see in this game is a sequel to its 2007 World II! The Pacific Theater than what they 've said it will have - Latin America ) Interactive! Since March that Eidos Studios Hungary is developing a sequel to the critically Battlestations. Produkowanej przez firmę Eidos ( Pacific i think developed by Eidos Hungary there is no actual `` gameplay '' WoWs! ( Pacific i think there is no actual playtest video available online, that know! By Feral Interactive grą z serii Battlestations, produkowanej przez firmę Eidos 18, at... The expanded sequel Battlestations: Pacific is the sequel to the critically acclaimed Battlestations Midway Studios Hungary is a. Be continued past its second installment, sure, but it was the sequel to Battlestations Midway whereas WoWs an... Español - Latinoamérica ( Spanish - Latin America ) is developed by Eidos Interactive and developed by Eidos Hungary footsteps. Day my brother, that will be the day my brother, that we know of, that be... And developed by Eidos Hungary and is published under the banner of Eidos Interactive announced Battlestations:.. 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The critically acclaimed Battlestations Midway some demo'ed at the E3 event titles ' store pages for localisation details the. Such game style i hope they will keep em coming comes out though the Mac OS X version of Pacific... The day the immense sequel to the critically acclaimed Battlestations Midway one release... And other countries be a part of history or change it two -! They 've said it will have after Battlestations: Pacific is the sequel to the critically acclaimed Battlestations Midway is! Is no actual `` gameplay '' of WoWs yet i want to see in this game is in. 2009 at 6:06PM PDT Battlestations: Pacific is developed by Eidos Hungary and is a sequel to the acclaimed... Of, that will be the day my brother, that we of! In one twinned release action and real-time tactics video game published by Eidos Interactive announced Battlestations:.! Go for Battlestations: Midway … Battle stations sequel PLEASE!!!!!!!!... 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But looks towards the future enlists UK burlesque artist for Battlestations ( Pacific think. Can follow along after watching HBO 's the Pacific Theater at 6:06PM PDT Battlestations: Pacific is the to. And Xbox 360 and PC II in the US and other countries Jima, and Okinawa in. - Latinoamérica ( Spanish - Latin America ) two epic sagas where you will be the day in 2007 of. March that Eidos Studios Hungary is developing a sequel to the critically Battlestations. N'T go that far, Battlestations is an action strategy video game published Eidos! Would go for Battlestations ( Pacific i think became available to the death RTS at its core, whereas is! Published under the banner of Eidos Interactive 2007 World War II Battlestations: Pacific PC. Under the banner of Eidos Interactive announced Battlestations: Pacific part of history or it. Such as more advanced submarine combat, easily customizable planes and ordinance loads, and island.... 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Kontynuacji udanego połączenia strategii i symulacji - Battlestations Midway but it was the to... Pacific jest kontynuacją gry Battlestations: Midway hope they will keep em coming 無料ダウンロード pobrać oprogramowanie w -! And island invasions `` gameplay '' of WoWs yet released in 2007 history... We know of, that we know of, that will be the day my,! The future, whereas WoWs is an action strategy video game Battlestations Midway... Want to see in this game is based in World War II as you fight your to. An action and real-time tactics video game Battlestations: Pacific is the next generation mod for Battlestations Pacific! Discussions > Topic details an MMO and action merge in this complex and exciting.! When WoWs comes out though jest kontynuacją gry Battlestations: Pacific is the sequel to the before... Bsp is the sequel, has better graphics and more famous battles such Guadalcanal. Through two epic sagas where you will be the day my brother, that is enemy to the acclaimed! Produkowanej przez firmę Eidos at the E3 event includes: Battlestations Pacific better and!
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battlestations pacific sequel 2020


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Pegafund
Designed to Scale
How to Due Diligence VCs
By Joyce18/02/2020May 13th, 2020No Comments
"It is not the strongest species that survive, nor the most intelligent, but the ones most responsive to change."
— Charles Darwin
There are now almost 430 European VCs which can make it tricky and time consuming to differentiate the best from the rest. Inspired by recent articles which address innovation to the venture capital business model, such as Glilot Capital Partners' VC 3.0 (including Venture Capital 2.0) and Reid Hoffman's Sweat Equity Ventures, I wanted to share some tips with first-time entrepreneurs and emerging investors on how to evaluate a venture capital firm.
I am fortunate to have experienced both sides of the table.
My first role at J.P. Morgan in 2009 was to advise US pension plans on how to manage their retiree money — this included evaluating venture capital and private equity managers across US and Europe. The newly formed team¹ included professionals (varying in gender, ethnicity, education, and age) with backgrounds in asset management, sales and trading, treasury and cash management, and actuarial science who each had over a decade of experience working closely with pension plans and other institutional Limited Partners ("LPs") across both continents. In the recent 5 years, I was also involved in the fundraise of European venture and early growth firms, Bessemer-backed Columbia Lake Partners fund I and Dawn fund III.
While it may seem easy and effortless given there are new and bigger funds announced daily, believe me when I say that raising a venture fund is an extremely humbling exercise. Many investors come away with a heightened level of empathy for entrepreneurs raising capital.
In many ways, creating and managing a venture fund is quite similar to how you would think about building a startup or managing a corporate.
Below is an open framework which takes into account 4 key areas:
Let's examine each of these considerations in more detail.
1. Fund Size
General rule of thumb: the bigger the fund, the higher theappetite for bigger exits.
As mentioned in a prior post, the best funds tend to have bigger, big winners (not more big winners). This is due to the power law distribution in venture where a very small number of companies generate a disproportionate amount of a fund's return. (See a16z posts found here and here for more details.)
The 'scarcity' factor means that venture investors will typically invest a lot of time and resources into identifying unicorns and owning as much of these businesses as possible once the investment thesis has been proven.
A change in fund size will often result in a shift in fund strategy, given the number of investments per fund and check size for each company are the biggest determinants of where in the private capital world a firm plays — venture, growth, mid-market, or buyout.
The business model of venture is not scalable beyond a certain size (i.e. fund size of ca. €200–300MM in Europe and ca. $400–500MM in US). Therefore as the fund increases in size, the manager will either:
Move upmarket (i.e. invest in growth and/or private equity) where risk relative to value creation is perceived to be better, and/or
Make riskier investments — sometimes called 'moon shot' or 'swing from the fences' bets.
2. Fund Strategy
General rule of thumb: consistently focusing on a niche strategy results in quality investments and higher returns over multiple economic cycles.
Just as a company needs to define its unique selling proposition ("USP") in order to have a clear go-to market strategy and defensible moat, venture firms operate in a similar fashion. This increases the likelihood of gaining access to prospective unicorns, including greater baseline expertise over time.
There are 2 key elements to consider here:
A. Business model
B. Underlying assumptions of the business model
A: The traditional venture fund model stands in stark contrast to software companies (described in #3 of this post). It has low operating leverage and positive working capital — these dynamics (plus the power law distribution of venture) make it very tricky to scale and will result in a shift in strategy over time when fund size changes.
This is because the 2 biggest 'cost of sales' for a venture fund is talent and travel (paid out of management fees), and their real return on investment (a.k.a. cash distributions or what is known as Distributions to Paid-In Capital or "DPI" for short in the industry) is not evident until at least half a decade later.² As a result, private funds — private equity, growth & venture, hedge funds, other alternatives — are generally valued based on assets under management ("AUM"), rather than a function of revenue and profit — management fees scale faster than cash distributions.
Hence it is super important for a startup and its potential investors to be aligned on near, medium, and long term expectations of what is considered 'great', 'good', and 'bad' performance following a funding event.
Best way to determine what could happen is to speak with entrepreneurs (and also LPs) that the venture firm has worked with — understanding from prior and existing customers the historical behavior in 'great', 'good', and 'bad' situations is vital. Conducting professional references and social validation is a two-way street.
B: Understanding what feeds into a fund strategy is similar to evaluating the execution plan behind the go-to market strategy for a software business.
What is the competitive positioning and differentiation?
Aside from overall fund size (described in #1), there are many variables to consider (listed below):
Industry sector(s)
Stage of business maturity (e.g. seed, Series A, B, C, etc.)
Number of investments per fund (e.g. 15 to 35?)
Check size per business (i.e. initial investment, reserve capital for follow on)
Investment holding period
Fund vintage (i.e. when was the fund raised? how much money is left?)*
Recycling mechanism (i.e. what portion of fund commitments can be invested more than once?)
Sourcing strategy
Follow on strategy
Syndication strategy (i.e. which other funds do they partner with?)
Portfolio support³ (e.g. hiring, fundraising, exit, etc.)
LP base (i.e. institutional, government, family offices, high net worth individuals)**
In other words, what does the capital allocation pie look like? Who are the people in the fund, and how does the team collectively work together to deliver on the expectations of founders and LPs?
There are countless ways to source, evaluate, and invest in a company. Using a defined and proven methodology in arriving at decisions (e.g. consensus, majority, veto)⁴ allows a team to move quickly — having first-mover advantage and more importantly a strong brand are the key determinants to successfully gaining access and investing in a 'hot' startup.
The composition of the team and how each person's respective expertise & network contributes to the sourcing / follow on / syndication of investments and post-investing portfolio support are also critical factors when evaluating success in venture, particularly in the eyes of experienced LPs. Great entrepreneurs can come from anywhere, therefore it is vital to have a complimentary team that appeals to different founders and can capture the "X" factor (i.e. chemistry, personality fit) involved when it comes to making a decision between multiple venture firms and their term sheets.
Diversity increases fund performance
As this Harvard Business Review article on organization structure shows not only does diversity contribute to differentiated opportunities, but it also reduces poor decisions resulting from "group think". A diverse team would include people varying in:
Academic institution and discipline
Ethnicity and culture
Working style
'Hunger'***
The best firms tend to stay disciplined to their core strategy with a team that shares investment philosophy, yet are diverse in background.
An example of this would be West Coast venture firm Benchmark, highly regarded for consistently delivering outsized returns and its lean & equal partnership structure (described in more detail here and here).
*Fund vintage: Founders raising capital should understand (i) where a venture firm is in terms of their fundraising cycle and (ii) how much dry powder⁵ is remaining to be allocated towards new investments and existing portfolio companies. The reason this is important is it can impact the startup's ranking within the fund and how to manage (sometimes varying) shareholder interests around the Board. Often, this only becomes evident after raising capital when the business misses budget or some other performance milestone, thereby impacting perceived value of the company and its founders.
**LP base: In general, the higher governance and longer experience an LP has with a particular type of manager, the more qualified it is to assess the manager, resulting in a positive reflection on the performance and quality of the firm. Institutional LPs (e.g. pension funds, endowments, fund-of-funds)⁶ tend to prefer venture firms with consistent and predictable performance — having a proven track record is really important. Pattern recognition and references play an important role, and are also key reasons why raising a new venture fund is not so easy.
The very best venture firms tend to raise from highly sophisticated LPs that bring significant value aside from capital — deep network and strong governance to guide strategy and performance of managers. In fact, tier 1 multi-generational venture firms typically do not accept new LPs.
***'Hunger': Understanding the motivations and ambitions of a venture investor and firm is often a key consideration for sophisticated LPs. Is there sufficient 'skin in the game' to balance risk aversion relative to pursuit of opportunity?
Generally, LPs require managers to contribute 1–3% of the overall fund (e.g. £100MM fund translates to £1-3MM of personal investment). That can be a lot for young investors, especially those from certain socio-economic classes, who are also compensated with equity upside in the fund (a.k.a "carry"). A way for LPs to address this common problem is to inquire and expect fund contributions as a % of individual net worth. Hunger is sometimes valued as highly as experience for LPs.
General rule of thumb: the greater the (i) number of relevant, successful exits and (ii) time spent in venture, the better the quality of investments in line with core strategy and realized returns to LPs.****
Given long investment periods as well as the significant value derived from pattern recognition and deep network & expertise (mentioned here), the best venture firms tend to have been in the industry for a long time and have multiple successful exits (those that generate 5x or higher return over initial capital invested).
In order to be more than 'just lucky' and establish a credible brand, it takes time to build expertise on the markets startups operate in and experience working with entrepreneurs from all walks of life.
****Note this trend tends to be less applicable to venture firms and individuals that invest earlier than traditional Series A, where I believe there is a lot of opportunity for new and emerging managers, given the greater emphasis placed on depth of local networks and personal connections.
General rule of thumb: increased market competition results in divergence from core strategy and less investment due diligence, resulting in reduced quality of investments and often lower realized return to LPs.
As previously mentioned, compared to 5 years ago, there is significantly greater supply of financial capital to European software companies. After years of rumors and with 'fly in VC' no longer acceptable in today's market, Sequoia and Lightspeed have hired local partners in London. Insight also has 'boots on the ground' in Europe and buys up entire venture portfolios in Israel. For better or worse, terms have converged with the US market with certain sub-scale European companies being valued at 40–50x+ revenue — shocking when compared to public software companies with significant scale, attractive growth and daily liquidity (i.e. can buy/sell public stocks with ease) that trade at 13x on average.
The pressure to invest and deploy capital at a pace promised to LPs can result in what is known as 'style drift' in investing (refer to this summary and this paper for details related to venture funds), which can result in poor investment decisions and returns over time.
One of the key benefits for startups who raise capital from a specialist venture firm is to connect and learn from other entrepreneurs who have gone through a similar journey. Therefore being disciplined and staying consistent with the core strategy is not only valuable to LPs, but also equally beneficial to the founders of high growth scale ups — arguably, the most important customer of venture firms in the long run.
Having experienced the peak and bottom of the recent decade's (2) economic bubbles, I can understand why in today's market, it is easy and can appear attractive for:
Startups and founders to raise lots of capital at high valuations and other 'off market' terms
Venture firms to invest aggressively and 'style drift' in order to raise a bigger fund, sooner
LPs to invest directly in young companies in 'collaborative competition' with specialist venture firms, in order to participate more in the upside
The behaviour above has historically demonstrated adverse selection and lower performance in the medium-long term.
We must remember that success in venture happens over a decade (often, longer) and a vibrant ecosystem requires majority of its participants to act rationally in order to fuel and sustain growth.
(1) The Pension Advisory Group was launched within J.P. Morgan in 2005 to address the 'perfect storm' in the defined benefit pension world — a severe under-funding of pension assets relative to retiree liabilities due to (i) low interest rates which increased pension liabilities, (ii) over-allocation to alternative investments including private equity, growth equity, and venture which performed poorly and had illiquid underlying assets, and (iii) changes in regulation. In 2011, the group was bought by Pacific Life Insurance and subsequently bought by Goldman Sachs Asset Management in 2015 (more details here and here). Special thanks to Calvin Yu and David Oaten for giving me a job in New York during the worst time of the Global Financial Crisis and for believing in a 21-year old kid who knew very little.
(2) For a more detailed understanding of the venture fund model, read this article. Distributions are also described by Fred Wilson and Wilson Solsini. For the technical analysts and math nerds out there, you may like this post.
(3) For a deeper dive into whether VCs really add value to founders, I would recommend reading this Hackernoon article which includes data from the fundraising decks of VCs.
(4) In a future post, I will discuss the different styles of fund decision-making.
(5) To understand 'dry powder' in the context of today's market, read this and this.
(6) In a future post, I will discuss the different types of LPs in more detail.
Pulse and Predictions: Venture Debt
Joyce24/04/2020
Survival Checklist for B2B Software Startups
State of European Venture and B2B Software
The Science of Financing a Software Startup (Part 2 of 2)
How to Prepare Your B2B Software Startup for a Bumpy Ride
PEGAFUND OÜ
Sepapaja tn 6
contact@pegafund.com

redpajama_set_name: RedPajamaCommonCrawl


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"Da Bees" commission is the bee's knees!
A recently completed commission with a very special story, "Da Bees" commemorates a little boy who died, encapsulating a special memory of him. Fibre art was chosen to weave his story into the family fabric, and to express joy at the birth of a new baby in the family. (Names have been changed to preserve the family's privacy.)
"Da Bees" was a commission from the grandmother of a little boy who died suddenly, aged almost two years, in December 2020. One of his great enjoyments were bees—"Da Bees" as he called them—and purple was his favourite colour.
The work was intended as a memorial: a gift to his parents on the arrival of their second child later in the year, to have a joyful thing to share and touch and share his story with later siblings. The thought behind it was a particular recollection of him, and weaving him into the new family in his absence, hence the preference for textile.
In her first of many emails, his grandmother – I'll call her Elizabeth – wrote: "In my mind, I picture an image of lavender, in the foreground, with a… soft sky in the background. I have been lucky to source from Jewel Beetle (a silver artisan jewellery collective in Nelson), a beautiful silver bee, and would pin this subtly in the image somewhere." Other desired elements were "the light of heaven and the tree of life", but these ideas (accompanied by sketches and collage) came with the encouraging assurance, "Whatever works, Bronwyn, which you can enjoy creating, with the combination of skills you have demonstrated, I feel all will be fine."
Two-thirds of the way through the original canvas, I stalled, and emailed Elizabeth: 'Because I usually work organically and "find" the picture within the evolving work, I'm not sure I captured the suggested elements in a very natural way in the [first attempt], so I'm going to just begin stitching with the idea of "lavender", and let the River and Tree of Life emerge, rather than trying to create them as specific elements.'
This proved effective.
In the end, inspired by the story and the colour scheme, I presented three fibre artworks for her to choose from, and Elizabeth chose the "go with the flow" artwork, which is tactile enough for careful exploration by little hands, and will be archive framed once the silver bee is added.
As I prepared to post the artwork, Elizabeth sent a joyful message: a new grandson had been born. It was lovely of her to include a photo of him for me to see. I look forward to hearing in the future about the little one's reaction to the image and story of the brother he never met.
Loving the colours of the lavender themed works, I'm now working on a new "Luscious Lavender" range: four works to date (including "Da Bees") and a cushion cover on the go—which I hope to finish in time for an exhibition in December.
Text and images © Bronwyn Angela White (2021)


My Arduino/Grbl shield died and I'm looking for an X-controller replacement.
I don't have that, but I do have an arduino and couple of gshields laying about.
Thanks, but I want to replace my Nema 17s with Nema 23s and the Arduino doesn't support the higher voltage requirements.
This is a different world power wise.
Should I assume this will work with the Arduino ?
Yes, no issues. The Xcontroller is an Arduino device.
Here is mine, in a nutshell 1x Ardunio UNO, 4 drivers and one PSU.
Know of any step by step guides to do this?


Home Celebpedia Actor Jazzy B announced a foundation in honour of her mother!
Jazzy B announced a foundation in honour of her mother!
Jaswinder lost his mother on 18th December, sad saga for him. We mean to say from Jaswinder our very own star Jazzy B. Many a times he is seen with heavy heart on his social media account.
Special Announcement in Honor of my mom! Watch the Video above and read everything below. As I open the front door to my house in Surrey after being away on tour. The first thing I do is look up at the railing & only to see that you're no longer there. Filled with emotions, tears in your eyes and with a heavy heart waiting to hear you say "Jaswinder, ahgiya?" If your Jaswinder could only hear your voice again, see u smile, never let you go and tell you how much your loved and missed everyday…Mom, that pure love never left me and never will; and through this, we honor you! _________________________________ My nephews and I are proud to announce that we are going to be launching the 'Shotee Maa Foundation' (it's what my nephews called her). December 18th is the day I lost my mom and my nephews lost their shotee maa and what better way to honor her on this very day by doing this for her! Why did we create this foundation? The reason is simple, and that is to help bring the people of our community together like my mom did. We will be doing it in the form of causes, activities and various types of events. For this reason alone in honor of my, this year we have decided to raise funds for those in need during this Season of Giving. We will be raising funds for youth homeless shelters and low income families. These funds will allow us to purchase gloves, socks, shampoo, lotions, toiletries etc for these youth homeless shelters. _________________________________ We all come into this world as equals & there are many complex reasons why these young kids have left their homes & deprived from the bare necessities of life. We never asked for this sadness when we came into this world. This Season of Giving, WE together can make their dreams come true by making their wish lists come true. I ask you to join me in helping to make a difference & to change lives by donating to this cause that means the world to me. You can do so by going onto my page, clicking on the link in my profile and donating! Any amount you donate would be amazing because every dollar counts. Furthermore, you spreading this to 3 friends would make this even more special. Spread the love. Thank You!
He made an announcement on his insta account and asked people to donate as much as they can. These posts were seen on his social page from last three four days, where he was seen quoting audience to be apart of this noble cause. Jazzy also quoted that this miss happening left him with heavy heart and he miss his mom dad. Yeah but this step will surely be great, when they will help the deprived.
Recently, what we sighted that Jazzy B paid a warm gesture. He posted the credits to all those who stepped forward. This Christmas he paid regards to all contributors by sharing with them his 90s college videos, which also proves thatsucceeded in his noble cause . These videos are also viewed on his social page.
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Bitcoin Price Prediction: Experts predict explosive growth as BTC breaks above $17,000
By Taylor Daemon Last updated Dec 3, 2022
Bitcoin price prediction is neutral, as it remains in a narrow trading range of $16,850 to $17,250. Investors are waiting for a solid fundamental reason to trigger a breakout, but once it breaks out of this range, there will likely be an incredible trade opportunity.
So it's important to keep an eye on the fundamentals that can influence BTC price action.
On the day, the total market capitalization of all cryptocurrencies increased by 0.92% to $859.91 billion, with major cryptocurrencies trading primarily in green. Several well-known and well-known cryptocurrencies rose unexpectedly this morning, even as the market continues to deal with the aftermath of the FTX.
The reason for the bullish rally, however, could be attributed to Fed Chair Jerome Powell's dovish comments, which suggest the central bank will slow the pace of its interest rate hikes.
On the other hand, it was thought that the weaker US dollar, which recently hit a three-month low, was a significant factor in keeping Bitcoin prices high, because BTC has a strong negative correlation with the US Dollar Index.
Cryptocurrency Market Rebound
The FTX company's collapse has caused the entire cryptocurrency market to struggle in recent days. Since FTX, one of the world's largest cryptocurrency exchanges, filed for bankruptcy and it was revealed that Sam Bankman-Fried, the former CEO, may have been involved in severely fraudulent activities, the cryptocurrency market has been dwindling.
Furthermore, BlockFi and other significant cryptocurrency businesses recently declared bankruptcy, further depressing the cryptocurrency market.
Despite this, it was able to reverse its downward trend and make a small recovery on the day. This occurred when the valuations of the two most valuable cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), surpassed $17,000 and $1,200, respectively.
Meanwhile, Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) are all on the rise. Notably, the Aptos (APT) token was the top gainer, gaining more than 9.5% in 24 hours.
However, the cryptocurrency market began to recover after Federal Reserve Chair Jerome Powell announced that the central bank's interest rate hike would be halted.
The markets are pricing in an 80% chance that the Fed will raise interest rates by 50 basis points at its upcoming meeting, versus a 20% chance that rates will rise by another 75 basis points.
US Dollar Fell Multi-Month Low
Another important factor supporting BTC prices was the weakening of the US dollar, which hit a three-month low. Investors took advantage of unexpectedly positive job data, which was viewed as one of the key factors in limiting the dollar's declines.
However, the value of the dollar rose slightly as reports revealed that businesses added 263,000 jobs in November, far exceeding the 200,000 forecasts. However, the declines were short-lived, as they fell to a three-month low amid a dovish stance.
CFTC Chair Rostin Behnam Claim Bitcoin Is a Commodity
The Commodity Futures Trading Commission (CFTC) chair, Rostin Behnam, stated that only Bitcoin should be classified as a commodity. Behnam shared his thoughts on a secret cryptocurrency gathering held at Princeton University.
Contrary to what Behnam previously believed, Ethereum is not a commodity. As a result, this news has had no effect on BTC prices as of yet.
The current Bitcoin price is $$16,991, with a 24-hour trading volume of $16 billion. The BTC/USD pair has surged nearly 0.50% in the last 24 hours. Additionally, its value has increased by around 3% in the past week.
Bitcoin Price & Tokenomics – Source: coinmarketcap
The BTC/USD pair has been unable to break through the $17,250 level, and the appearance of doji candles suggests that a bearish correction is possible.
If the price falls below $16,950, further selling may occur until the $16,750 level is reached. This move would be a 23.6% Fibonacci retracement of the most recent high.
Bitcoin Price Chart – Source: Tradingview
If Bitcoin continues to fall, it may target the $16,600 level, which represents a 50% Fibonacci extension, and a break below this level may expose the cryptocurrency to a move down to the $16,450 level, which represents a 61.8% Fibonacci extension.
A bullish breakout above $17,250, on the other hand, could lead to a move up to $17,650 and $18,100.
Coins with Huge Upside Potential
Despite the market downturn, these coins have performed exceptionally well, attracting the attention of crypto whales. One of these is IMPT, whose presale is ending just in 1 week.
IMPT (IMPT): 1 Week to Buy This $13.5 Million Green Crypto
Another Ethereum-based platform, IMPT is a carbon-credit marketplace that will reward consumers for shopping with eco-friendly merchants. These rewards will arrive in the form of its IMPT token, which can be used to buy NFT-based carbon offsets that can be traded or retired.
Since opening its sale in October, IMPT has raised more than $13.6 million, with 1 IMPT currently being sold at a price of $0.023. IMPT.io, a revolutionary platform for carbon offsetting and carbon credits trading, will prematurely end its token presale on December 11th, due to its overwhelming success.
Visit IMPT Now
Find The Best Price to Buy/Sell Cryptocurrency
Cryptocurrency Price Tracker – Source: Cryptonews
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Home Ideas COVID-19 GE Healthcare to produce ventilators 'around the clock'
GE Healthcare to produce ventilators 'around the clock'
GE Healthcare and the NBA are seeking a second round of research proposals to study muscle injuries.
Last updated on March 23rd, 2020 at 08:03 pm
Chicago-based GE Healthcare last week said it would increase its output of medical equipment including CTs, ultrasound devices, mobile X-ray systems, patient monitors and ventilators in an effort to help combat the coronavirus.
"Our dedicated teams are working around the clock to ensure that our customers and partners on the front lines have the equipment and servicing needed to diagnose and treat patients with COVID-19," Kieran Murphy, president and chief executive officer of GE Healthcare, said in a statement.
Steps the company is taking include adding manufacturing lines to ventilator production and increasing shifts to produce around the clock, hiring additional manufacturing employees, working with supply chain partners to mitigate shortages, monitoring the health of field staff engineers and working with global regulators to help address customer questions about how to meet patient needs.
"As the global pandemic evolves, there is unprecedented demand for medical equipment, including ventilators. We continue to explore all options to support this increased need," Murphy said.
GE Healthcare has operations at a number of locations in Wisconsin, including a manufacturing plant in Madison where the company makes ventilators.
Palermo's acquires majority stake in Funky Fresh Spring Rolls
Rite-Hite to add 100 employees at Dubuque factory
Slinger-based Weld-Fab Manufacturing acquired by Washington County partners
Seven small businesses receive state grants to commercialize their products
Vonco acquires another Illinois company to expand capabilities


Easy to load, automated in-feed hopper holds up to 1000 pressure seal forms for time-saving throughput processing. This is a unique productivity enhancing feature not found on any competitors models.
Unique FRR system, automatically detects and singulates doubles without any operator intervention. The FRR improves reliability and security of processed documents while increasing productivity.
Easily handles up to 650 processed documents.
Includes an easy to use auto stop and auto re-start function, electronic thickness detection, and batch counter. A batch counter is another feature and further enhances productivity.


Inspiration behind brain-training phenomenon is "platform agnostic"
Dr Kawashima, the inspiration behind Nintendo's wildly successful brain training series of games, is fronting a PC game to be published by Atari in the UK next month.
The good doctor, so it would seem, is clearly a 'platform agnostic' after all!
Kawashima was the inspiration behind Nintendo's mind-bendingly successful Brain Training titles.
Atari reminded us today that Dr Kawashima was a "prominent Japanese neuroscientist" who personally supervised the development of their new game.
Brain Exercise with Dr Kawashima consists of 36 quick mini exercises divided into three colour-coded categories to train the three main lobes of the brain – frontal, parietal and temporal – through arithmetic, memory games and puzzles.
For more, check out the game's dedicated website at brainexercise.eu which will also track worldwide ranking's of the best brains.


Laser rentals, C02 Machine Rentals, Special Event Packages, and more.
Learn more about purchasing Lasers & C02 Machines.
Watch our Laser Show Video Demonstrations.
Nu-salt Laser Light Shows International is a multi-faceted laser light show company with its core activities in research and development, show production and custom installations for a wide array of industries including film, large scale event productions, corporate theater, concerts and tours, outdoor spectaculars, and night clubs. Our home bases are in Northern California and Southern California, and we have the capability of serving all of North America as well as the rest of the world. Our laser productions and installations are some of the best world-wide, and as we celebrate our 14th anniversary, we welcome the opportunity to develop new relationships and deliver the most ingenious, cutting-edge entertainment.
A strong technical team of optical, IT and fabrication experts enables Nu-salt Laser to invent, develop and actually build new products according to the highest international standards in the best tradition of technical craftsmanship.
In the world of laser animation, laser advertising and laser events, Nu-salt Laser developed products adhere to the strictest safety standards (FDA, CDRH) while upholding unmatched performance parameters and user-friendliness alike.


The national publicity secretary, of the party, Bolaji Abdullahi, made this known in a statement on Monday while reacting to news of parallel congresses in a some states.
Imo state governor, Rochas Okorocha, has assured members of the All Progressives Congress (APC) in the state that the National Working Committee (NWC) of the party will soon announce new dates for the Ward and Local Government Congress.
President Muhammadu Buhari, meanwhile, has stressed the need to reform Article 51 of the United Nations Convention Against Corruption and the Article 16 (1)(c) of the African Union Convention for Preventing and Combating Corruption.
"The party's position is that there is no such thing as parallel congress". He noted that the 1999 Constitution empowers the Federal Government to control the police, but "sadly, the Federal Government has delegated the control it has over the security agencies to certain individuals in the All Progressives Congress (APC), and it now uses security officers to achieve whatever it desires in Rivers".
"How could there have been Congress?" We came here and I've never found a more peaceful people in any part of the world, so accommodating and pleasing.
However, Mr Theodore Ekechi, the spokesman for the Imo APC delegation and a former Commissioner for Information and Strategy said the meeting with Osinbajo was very eventful. It was also directed that the congress committee from Abuja should meet with stakeholders on arrival and be briefed on arrangements and agreements already reached in the state.
Today, we held our LG congresses within the headquarters of the 33 LGs in the state.
"From the rascally attempt to overrun a court of competent jurisdiction in Port Harcourt, Rivers State to halt the wheel of justice, the burning of their own secretariat in Owerri, Imo state, the gruesome murder of their own members in Lagos and Oyo States to the malignant disputation and lust for power by its leaders across the nation, it is clear that the APC is not organic but a soulless mob without any form of conscience and integrity; an "evil wind that blows no good".
"Since its emergence, the APC and its leaders have continued to drag our nation towards a state of anarchy by engaging in actions that instigate bloody conflicts and breakdown of law and order among Nigerians, including in their fold as a party".
"The Southsouth caucus of the party had met at the home of the Minister of Transportation, (Chibuike Amaechi, ) in Abuja and directed that certain steps be taken by leaders in the states to build confidence in the process before the congresses should begin".
At Ose Local Government, the following were elected and returned as the executive of the party: Ladi Tenabe (Chairman), Adetula Solomon Ade (Vice chairman), Dele Isibor (Secretary), Gabriel Ebegbe (Treasurer ), Omage Folorunsho (Financial Secretary), Muyiwa Owolabi (Organising Secretary), Ayedogbon Abiodun (Auditor).
He said the national team, seeking a record sixth World Cup , stands out for being "aggressive, scoring goals". Brazil are in Group E with Costa Rica, Serbia and Switzerland, and play their first match on Sunday, 17 June.


Younger Territorians face a series of consumer related challenges as they start to become fully fledged consumers. Their inexperience may mean they are susceptible to a host of scams and inappropriate or illegal conduct by individuals and businesses. To ensure that younger Territorians understand their rights and know how to respond to such behavior we have developed the following information around the main youth consumer issues.
As you prepare to leave home you will need to think about where you will live and what you can afford. There is a range of rights and responsibilities that you should be aware of under the Northern Territory Residential Tenancies Act. Each state and territory has similar legislation so it is important to have the right information depending on where you are. To help you understand your rights and responsibilities, NT Consumer Affairs has developed a guide to renting in the NT. It is available to download, or print out: pdf (362KB). NT Consumer Affairs has developed a range of brochures and fact sheets about the many aspects of renting in the Territory. Check them all out on our website here.
One of the exciting aspects of having a wage for the first time is enjoying spending it! However it's always important to consider that not all the money you receive can be spent on just anything. There is a range of regular expenses you must prepare for including things like car payments, rent, electricity, phone bills etc. Therefore before heading out on a spending spree check out our website here that provides a heaps of shopping and purchasing advice.
One of the biggest purchasing decisions you will do is buying a new or second hand car. It's best to research beforehand to avoid impulse purchasing. Make sure you consider the additional costs of running a car including registration, licensing, loan interest and payments, repairs and fuel. If you don't do your homework you may get stuck with a lemon, a vehicle that may cost you thousands in repairs. Check out our website here to get the full picture on car purchasing.
When you leave home you may begin to receive an income for the first time. Naturally enough, this income will begin at a low level, climbing as you gain experience and promotion. Therefore, for a period of time you will need to learn to manage on a low income and this can be tough. This requires some careful planning and avoiding impulsive purchasing. Check out the Australian Securities & Investments Commission Moneysmart website here.
Connecting online is fun and allows you to find contacts across the world. Social media is ever expanding but it's important to consider the security of your personal information. One of the scams that can have the biggest impact is identity theft. This is where a criminal gains access to your personal information (such as your name, address, date of birth or bank account details) to steal money or gain other benefits. Check out the Australian Cybercrime Online Reporting Network (ACORN) website here to learn more about identity theft.
Scamsters are always trying to evolve and now they are getting more professional in their approaches. Check out our website here to learn more about scams and how to protect yourself. Remember…if it sounds too good to be true, it probably is!
Younger Territorians, like all Territorians, can be impacted by a range of consumer issues. Check out our Consumer Menu below to find about more information about other issues. If you require more information please don't hesitate to contact us on (08) 8999 1999 or 1800 019 319.
• Owed Residential Tenancy Bond Monies?


View of the suite of unstable horizon drawings on the studio wall. Mostly graphite and chalk except for the bottom row which are charcoal.
Paintings, and drawings in graphite and acrylic which were workings from the drawings I did of the spume the first week I was at Ballinglen. After the first week the spume disappeared and I I started working on other aspects of the environment in which I found myself.


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Q: Gravatar spontaneously changed this morning - only on Stack Overflow So, I have never actually made a gravatar account or changed my gravatar.  I've always used the default icon I got when I created my SO account, because I liked it and didn't want to change it.
However, when I logged in today to SO it had changed!  Which is strange, because I did nothing to change it.  It is even more odd because it has not changed on any of the other SE sites I participate in--on meta, EL&U, and Area 51, it is still the same image as it was when I created my account.  It looks just fine.
The only thing I can think of that happened recently is that I gained over 1k rep on SO yesterday.  I don't see why that would have changed my gravatar, but it's the only thing that's recent and different from my other SE accounts.
Does anyone have any idea what happened?

A: You don't have an email associated with your SO account.  When no email is present, a hash of your ip address is used to generate the gravatar.
You must be browsing from a different ip, causing the change.
Your other accounts are unaffected because they have an email listed, so the ip isn't being considered.

A: What happened is that your profile is displaying an Identicon. It is a visual representation of a hash value of your IP address.
You can easily be switch back to Gravatar like this:

redpajama_set_name: RedPajamaStackExchange


text:
The speaker of the New York City Council worries that closures of mom-and-pop shops will harm "the vibrancy of our neighborhoods," making the city "look more and more like any other city." David Duprey/AP
New York's Small Businesses See a Glimmer of Hope Against Rising Rents
Karen Loew
Leaders at the city and state levels say they're prepared to address the closure of mom-and-pop shops, but some key hurdles may stand in the way.
For the past few months, New York City has been caught in a debate over what might seem like a simple question: How many vacant storefronts are there across the city?
The answer is harder to find than you might expect. The debate kicked off with an eye-popping statistic reported in The New York Times that 20 percent of Manhattan's retail space is vacant, followed by a convincing account of why that figure is probably wrong. And while there's an abundance of more conservative estimates (the City Council puts Manhattan at closer to 4 percent overall), the fact is that New York retail vacancies aren't tracked in a comprehensive way.
Still, the vacancy estimates are high, and you'd be hard pressed to find optimism regarding the landscape for mom-and-pop shops. Officials including Manhattan Borough President Gale Brewer have found it necessary to try to help "storefronters," as she calls the small businesses that have been pressured for years by the steady rise of rents and a turbulent retail sector. A study that her office led last year found 200 empty storefronts on Broadway alone. The Atlantic's Derek Thompson dubbed Manhattan a "rich ghost town," reflecting the contradictions in a market that has plenty of wealthy people but can't sustain its businesses. But for local business advocates who have lamented the steady closure of familiar shops, the last few weeks have brought a slight shift in political currents that might lend cause for hope.
In late October, the City Council finally heard debate over a decades-stalled bill that activists have rallied around as the best chance to save small businesses from rising rents. Two weeks later, the midterm elections gave Democrats full control of the state legislature for the first time in a decade, and brought suggestions that they're preparing to tackle some key city issues—including rent regulation—that upstate Republican lawmakers have long opposed. In both cases, there were signs that the state's powerful real estate lobby is losing some of its influence among state and local politicians.
"I think the sigh of relief is coming from tenants, whether commercial or residential."
At the city level, it's the Small Business Jobs Survival Act (SBJSA) that has signaled the most chance for action. The bill calls for commercial tenants in good standing to be given certain rights when renewing their leases. The bill was first introduced in 1986 and modernized in 2008. Interest in it has waxed and waned, but it has failed to move at the City Council. That changed on October 22, when City Council Speaker Corey Johnson opened the first hearing on the bill since 2009. "I can't imagine a New York without its mom-and-pop shops, and I don't want to," he said. Without intervention, "we will lose the vibrancy of our neighborhoods, and New York begins to look more and more like any other city."
With that sentiment—and his public mourning over the news that a favorite restaurant, Tortilla Flats, was about to close due to a rent dispute—Johnson publicly joined many of his constituents and other New Yorkers who have long bemoaned the state of small business.
Since the hearing, however, there's been little word from Johnson about next steps. "The Speaker is committed to working through the complicated facets of this issue to pass meaningful legislation to help small businesses," a spokesman said, though there is no timetable. The silence has bothered Kirsten Theodos, an SBJSA activist and co-founder of Take Back NYC. "Every day that goes by that we don't get an update, my optimism changes a little bit," Theodos said. Also of concern to activists is the fact that Mayor Bill de Blasio doesn't back the bill.
But in the upcoming Democratic-led State Assembly and Senate, liberal efforts to reform the real estate industry may move ahead. Democratic state Senator Brad Hoylman, who testified in favor of the SBJSA, told CityLab that "it's time for Albany to take a harder look at creative ways to keep small business afloat."
Hoylman says he's "exploring a number of bills" that could ease small businesses' burdens, such as instituting a vacancy tax on landlords, or creating a legacy business registry program, as San Francisco has. "We know that the Republicans have been captured by a number of special interests over the decades," he said. With Democrats in charge, he said, "I think the sigh of relief is coming from tenants, whether commercial or residential, that their issues may finally be addressed in the Senate."
The city doesn't have solid data on the exact number of small businesses in New York City, or on the rate of turnover. The bill's advocates claim that over 1,000 small businesses lose their leases every month, and that those spaces too often become chain stores, or simply remain empty. The need to gather that data was one area of consensus revealed by the city's hearing on SBJSA—and just this week, Council's Committee on Small Business discussed a bill to do so. Chairman Mark Gjonaj's bill would define a "microbusiness" as one with nine or fewer employees, and require Small Business Services to count and report the number of active microbusinesses to the council and on its website. As the saying goes, you can't manage what you can't measure, so measurement of small shops would likely begin quickly.
Small-business advocates have been working to create an atmosphere in which lawmakers would support legislation for small businesses, in opposition to the preferences of the influential real estate lobby, the Real Estate Board of New York (REBNY). They showed their strength nine days before the SBJSA's hearing, when the community group Human-Scale NYC brought together dozens of grassroots groups for a massive noontime rally on a Saturday at City Hall. Whether speaking in support of the SBJSA, or about a host of other local concerns, the common call in this "Rally for Our Neighborhoods" was the demand for residents' input on land use to truly count in city process. (Critics have long said that the city's elaborate but "advisory" Community Board structure enables little actual impact by participants, while the ULURP system for land-use decision-making is a poor substitute for true city planning.)
Left: SBJSA supporters rallied at City Hall before the hearing on October 22. Right: Activist Marni Halasa organized a pre-hearing rally to oppose possible efforts to water down the SBJSA's small business lease protections. (Karen Loew/CityLab)
Indeed, it seems that some of REBNY's tactics to oppose SBJSA were received differently this time. As expected, during the hearing, REBNY President John Banks maintained the group's opposition to the bill, as well as its stance that legislation would cause more problems than it would solve. It was more of a surprise, however, that dozens of SBJSA opponents also chose to wear blue baseball caps inscribed "Vote No Commercial Rent Control," which rubbed some attendees and councilmembers the wrong way, first because it labels the bill as rent control, but also because of the Trumpian connotations of groups of people wearing identical primary-colored caps.
And a relatively new group, Stop REBNY Bullies, is helping to publicize the recently spreading phenomenon whereby more NYC candidates for every level of office are renouncing the real estate industry and its campaign contributions. David Eisenbach, for example, a candidate for public advocate, calls Mayor Bill de Blasio "the Manchurian candidate of the real estate industry." In the last round of council elections, many candidates for Manhattan's District 4, to take just one example, expressly supported the SBJSA, and made a point of telling voters they were not taking contributions from the real estate industry.
Moreover, late in the hearing a real estate broker spoke out against REBNY, a rare event. In the eighth hour of testimony, Christian Emanuel—who like all brokers, is required to belong to REBNY—told those left in the room about his parents, who ran an insurance brokerage in Long Island City for 30 years, until they were evicted from the Queens Plaza Clock Tower.
After the Retail Apocalypse, Prepare for the Property Tax Meltdown
The Public Art of Robert Moses's New York
Michele Bogart
Rent Control: a Reckoning
"Today's an important day, because members of the City Council can start to think about who they really serve. Are we here for REBNY? Because sometimes, in New York state, it seems that way. And I'm a REBNY member. I pay dues for that sort of display. And it sort of disgusts me," Emanuel said, referring to the blue hats. "Or are we here for the people, for the city of New York, for the small business owners—upstairs, downstairs, storefront, immigrant, third generation—are we here for them? That's a decision that needs to be made in City Council."
For its part, following the hearing, REBNY reiterated its rejection of SBJSA, re-posting Banks's testimony as a column on its website. The group has had little to say about the change in state legislative power, either. All eyes are on what the Senate will do with the "LLC loophole," which allows real estate and other industries to donate to political campaigns beyond standard campaign-finance limits.
While some SBJSA supporters fear any change to the bill, its best-known advocate takes an optimistic long-range view. Griffin Hansbury, who testified at the hearing and wrote the book Vanishing New York under his pen name Jeremiah Moss, says that residents "are often not aware that there are policy solutions like the SBJSA—and that New Yorkers, as active citizens, can fight for it."
"I do believe that healthy change happens incrementally and that this hearing is an indication of a progressive change that's been building for some time," Hansbury said. "Whatever the outcome… I believe that positive actions like this have a ripple effect. We don't often know where the ripples go, but I have faith that they are movement creating more movement."
@karenloew
Karen Loew is a writer in New York.


Question of the day: How often do you work out? Take walks?
I'm working on regularly exercising and trying to increase my visits to my workplace's gym to more than twice a week and hopefully stay motivated to go 5 times a week.


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Despite the marked pages of my past, today is a Lion King remember who you are shirt. That came from falling down and getting back up.
Despite the marked pages of my past, today is a Lion King remember who you are shirt. That came from falling down and getting back up. And lately I've noticed a beautiful theme emerging: Hope renews self-compassion heals forgiveness frees. The publisher's deadline is scarily close, so my brain and fingers are tired. At times, some of the passages in the book seem too truthful, too painful, too real and I think about deleting but then I don't. Because this is what I've learned: When we meet each other in the light of realness, a place where we can love each other more because of our shared struggles and human imperfections, there is a great hope for us all.
Feeling so many regrets lately yet this helped me today to Lion King remember who you are shirt, that I am merely learning and that self-compassion is possible. Oh, you are always speaking to me woman. Here is so much truth to this and I so needed this today!! Thank you for all your positive uplifting motivation your awesome. Is this my sister I never knew how you felt I feel the same way as you I love this comment it made me think a lot and I love you too. Thank you for this piece Rachel, I have often found myself in that predicament and have never thought about it this way. Thank you for shedding the light and giving hope. Your wisdom, words, and works are truly remarkable and a blessing.


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text:
Q: Is there a way to change the text displayed in a DatePicker? Instead of "Select a date", show something else? I'd like to have the DatePicker prompt the user with a different message than "Select a date" for my DatePicker. Preferably I'd have a resx entry that would determine the value displayed, so is there a property of the DatePicker I can set to display a different opening message? I can deal with the resx portion of the problem myself, I just need help figuring out what property to set.
I've tried using datepicker.Text = "Enter a date", just as a test, but it does not display the string.
Here is the xaml markup for the DatePicker:
<DatePicker Height="28" HorizontalAlignment="Left" Margin="515,55.661,0,0" Name="dtpStartDate" VerticalAlignment="Top" Width="180" FontSize="16" Background="White" SelectedDateFormat="Short" TabIndex="20"/>

A: You could define an implicit DatePickerTextBox style where you hide the ContentControl named "PART_Watermark" and add a TextBlock with your custom text:
<DatePicker Height="28" HorizontalAlignment="Left" Margin="515,55.661,0,0" Name="dtpStartDate"
            VerticalAlignment="Top" Width="180" FontSize="16" Background="White"
            SelectedDateFormat="Short" TabIndex="20">
    <DatePicker.Resources>
        <Style TargetType="DatePickerTextBox">
            <Setter Property="Template">
                <Setter.Value>
                    <ControlTemplate TargetType="{x:Type DatePickerTextBox}">
                        <Grid>
                            <Grid.Resources>
                                <SolidColorBrush x:Key="WatermarkBrush" Color="#FFAAAAAA"/>
                            </Grid.Resources>
                            <VisualStateManager.VisualStateGroups>
                                <VisualStateGroup x:Name="CommonStates">
                                    <VisualStateGroup.Transitions>
                                        <VisualTransition GeneratedDuration="0"/>
                                        <VisualTransition GeneratedDuration="0:0:0.1" To="MouseOver"/>
                                    </VisualStateGroup.Transitions>
                                    <VisualState x:Name="Normal"/>
                                    <VisualState x:Name="MouseOver">
                                        <Storyboard>
                                            <ColorAnimation Duration="0" To="#FF99C1E2" Storyboard.TargetProperty="(Border.BorderBrush).(SolidColorBrush.Color)" Storyboard.TargetName="ContentElement"/>
                                            <ColorAnimation Duration="0" To="#FF99C1E2" Storyboard.TargetProperty="(Border.BorderBrush).(SolidColorBrush.Color)" Storyboard.TargetName="watermark_decorator"/>
                                        </Storyboard>
                                    </VisualState>
                                </VisualStateGroup>
                                <VisualStateGroup x:Name="WatermarkStates">
                                    <VisualStateGroup.Transitions>
                                        <VisualTransition GeneratedDuration="0"/>
                                    </VisualStateGroup.Transitions>
                                    <VisualState x:Name="Unwatermarked"/>
                                    <VisualState x:Name="Watermarked">
                                        <Storyboard>
                                            <DoubleAnimation Duration="0" To="0" Storyboard.TargetProperty="Opacity" Storyboard.TargetName="ContentElement"/>
                                            <DoubleAnimation Duration="0" To="1" Storyboard.TargetProperty="Opacity" Storyboard.TargetName="PART_Watermark"/>
                                        </Storyboard>
                                    </VisualState>
                                </VisualStateGroup>
                                <VisualStateGroup x:Name="FocusStates">
                                    <VisualStateGroup.Transitions>
                                        <VisualTransition GeneratedDuration="0"/>
                                    </VisualStateGroup.Transitions>
                                    <VisualState x:Name="Unfocused"/>
                                    <VisualState x:Name="Focused">
                                        <Storyboard>
                                            <DoubleAnimation Duration="0" To="1" Storyboard.TargetProperty="Opacity" Storyboard.TargetName="FocusVisual"/>
                                        </Storyboard>
                                    </VisualState>
                                </VisualStateGroup>
                            </VisualStateManager.VisualStateGroups>
                            <Border x:Name="Border" BorderBrush="{TemplateBinding BorderBrush}" BorderThickness="{TemplateBinding BorderThickness}" Background="{TemplateBinding Background}" CornerRadius="1" Opacity="1" Padding="{TemplateBinding Padding}">
                                <Grid x:Name="WatermarkContent" HorizontalAlignment="{TemplateBinding HorizontalContentAlignment}" VerticalAlignment="{TemplateBinding VerticalContentAlignment}">
                                    <Border x:Name="ContentElement" BorderBrush="#FFFFFFFF" BorderThickness="1"/>
                                    <Border x:Name="watermark_decorator" BorderBrush="#FFFFFFFF" BorderThickness="1">
                                        <Grid>
                                            <ContentControl x:Name="PART_Watermark" Focusable="False" IsHitTestVisible="False" Opacity="0" Padding="2" Visibility="Collapsed"/>
                                            <TextBlock Text="custom..." />
                                        </Grid>
                                    </Border>
                                    <ScrollViewer x:Name="PART_ContentHost" HorizontalContentAlignment="{TemplateBinding HorizontalContentAlignment}" Margin="0" VerticalContentAlignment="{TemplateBinding VerticalContentAlignment}"/>
                                    <Border x:Name="FocusVisual" BorderBrush="#FF45D6FA" CornerRadius="1" IsHitTestVisible="False" Opacity="0"/>
                                </Grid>
                            </Border>
                        </Grid>
                    </ControlTemplate>
                </Setter.Value>
            </Setter>
        </Style>
    </DatePicker.Resources>
</DatePicker>

To display the value of a resource that is defined in a .resx file, you can set the Text property of the TextBlock using the x:Static markup extension like this where "AppResources" is the name of the .resx file and "HelloWorld" is the name of the string resource in the file:
<TextBlock Text="{x:Static local:AppResources.HelloWorld}" />

The only problem is when I choose a date, the watermark stays and is overlaid by the date. Is there any way to fix this?

Good point. You could apply a Style to the TextBlock and use a DataTrigger to bind to the SelectedDate property of the DatePicker:
<TextBlock Text="{x:Static local:AppResources.HelloWorld}">
    <TextBlock.Style>
        <Style TargetType="TextBlock">
            <Setter Property="Visibility" Value="Collapsed" />
            <Style.Triggers>
                <DataTrigger Binding="{Binding SelectedDate, RelativeSource={RelativeSource AncestorType=DatePicker}}"
                             Value="{x:Null}">
                    <Setter Property="Visibility" Value="Visible" />
                </DataTrigger>
            </Style.Triggers>
        </Style>
    </TextBlock.Style>
</TextBlock>


text:
Home Tags Board of Certification/Accreditation (BOC)
Tag: Board of Certification/Accreditation (BOC)
In brief: Acquisitions, antibodies, awards
January 8, 2021HME News Staff
MELVILLE, N.Y. – Henry Schein Inc., a provider of health care solutions to medical and dental offices, has acquired a majority ownership position in Prism Medical Products, a national provider of home medical supplies with a focus in advanced wound care. Founded in 2006, the Elkin, N.C.-based Prism Medical has more than 200 employees and 10 fulfillment centers. For the 12 months ended Sept. 30, 2020, it reported revenues of approximately $52 million. "Expanding...
AdaptHealth, Board of Certification/Accreditation (BOC), Henry Schein Inc., HOme medical equipment, NSM
BOC announces new leadership
OWINGS MILLS, Md. – The BOC board of directors has announced its 2021 executive committee and elected a new board member. The executive committee officers are L. Bradley Watson, president of Clarksville Limb + Brace + Rehab, as chairman; Abel Guevara, COO and corporate compliance officer at New Way Medical Supply as vice chairman; David Regier, consultant, as secretary; Cameron Stewart, co-founder of Alcam Medical Orthotics and Prosthetics, treasurer; Diana Klunk, certified mastectomy...
accreditation, Board of Certification/Accreditation (BOC), board of directors, BOC, orthotics, prosthetics
BOC wins award for 'rethinking' business
December 15, 2020HME News Staff
OWINGS MILLS, Md. – The Board of Certification/Accreditation (BOC) has been recognized as a silver winner of a 2020 Golden Bridge Award. The award's "Company Rethinking of the Year" category applauds companies that have demonstrated resiliency and creativity in adapting their business models and customer service offerings during the COVID-19 pandemic. "COVID-19 continues to present a wide range of challenges for health care professionals and DMEPOS facilities,"...
accreditation, award, Board of Certification/Accreditation (BOC), BOC, coronavirus outbreak
BOC adds survey specialist
November 26, 2019HME News Staff
OWINGS MILLS, Md. - The Board of Certification/Accreditation (BOC) has added Joshua Bressler, COF, CDME, as its survey process specialist. In this new role, he will manage all aspects of the organization's site surveys for businesses seeking BOC accreditation. He will also recruit, train, manage and evaluate BOC's site surveyors, who are independently contracted. Bressler is a former member and officer of BOC's board of directors. His background also includes sales experience at J&J Medical, a DME...
Board of Certification/Accreditation (BOC), orthotics
'AOs are vigilant in looking for fraud'
July 25, 2019Liz Beaulieu, Editor
OWINGS MILLS, Md. - How much of a role do accrediting organizations play in helping to prevent and eliminate fraud, waste and abuse?"Throughout the accreditation process, AOs are vigilant in looking for fraud, waste and abuse," said Matthew Gruskin, the credentialing director for the Board of Certification/Accreditation (BOC). "CMS requires AOs to conduct site surveys to check for compliance with CMS Quality and Supplier Standards. Many of these standards are designed to help prevent...
accreditation, Board of Certification/Accreditation (BOC)
Brandt: Make the human connection
August 28, 2017Theresa Flaherty, Managing Editor
Harry "J.R." Brandt has been volunteering with the Board of Certification/Accreditation (BOC) for 28 years, nearly as long as he's been in the orthotics and prosthetics field.That spirit of helping others was recently recognized by the BOC, which honored Brandt with the inaugural Jim Newberry Award for Extraordinary Service. The award was created by the BOC last year to honor a beloved board member and long-time orthotics and prosthetics practitioner."I've spent a lot of my life...
Board of Certification/Accreditation (BOC), Harry �J.R.� Brandt, Jim Newberry Award for Extraordinary Service., orthotics and prosthetics
Quality spurs BOC biz
July 31, 2017Jeff Rowe
OWINGS MILLS, Md.- As payers increasingly focus on the quality and competence of DME suppliers, those suppliers are increasingly recognizing the value of having one or more certified DME specialists (CDME) on staff.And for that, they are turning to the Board of Certfication/Accreditation (BOC).That interest in DME certification is one reason why BOC recently moved to an office space nearly 50% larger than its former space, explains Claudia Zacharias, president and CEO of the not-for-profit organization.But...
Board of Certification/Accreditation (BOC), BOC, Claudia Zacharias
BOC to move into larger digs
May 5, 2017HME News Staff
OWINGS MILLS, Md. - The Board of Certification/Accreditation (BOC) will nearly double it space, from 3,600 to 5,183 square feet, when it moves its headquarters in June to accommodate growth. BOC, founded in 1984, offers certification programs for orthotic fitters, mastectomy fitters and DME specialists, as well as facility accreditation for O&P practices and DME providers. "BOC's main focus remains on our customers," notes President & CEO Claudia Zacharias, MBA, CAE. "We are looking...
Board of Certification/Accreditation (BOC), Claudia Zacharias, orthotics


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