Domain Shane’s Daily List of Domains at Auction for Thursday July 9th, 2020 I was talking with my Dad about the fate of the local mall and we got to talking about the future of retail. Our mall anchors have basically imploded like most malls. The best and biggest stores built next to the mall to capture some of the traffic but wanted to make sure that everyone can tell they are their own store. Even if the m…

Domain Shane’s Daily List of Domains at Auction for Thursday July 2nd, 2020 I put some money back into my options trading account this week because I think the market is about to be very volatile. Don’t take anything I say as a recommendation from this point on. Just telling everyone my thoughts. Volatility is a great way to make money in anything. Volatility means fluctuation in prices and big sprea…

Detroit Startup Week: Thursday Recap

If Detroit Startup Week is demonstrating anything, it’s that the startup world is adapting to the new normal created by the coronavirus lockdowns. As they say in the theater, the show must go on, and Detroit Startup Week, a week-long virtual celebration of all things entrepreneurship, is offering a wealth of tips, training sessions, and panels about how to keep calm and carry on.

Thursday morning saw a thoughtful discussion of social entrepreneurship featuring Dr. Marcus D. Harris, a lecturer in entrepreneurship at the University of Michigan-Dearborn. Dispelling the myth that social entrepreneurs are somehow different from all other entrepreneurs, Harris said that social entrepreneurship follows the same process that traditional entrepreneurship does.

“You still have to raise capital,” he said. “You still have to have a product or service that fills a customer or market need.”

What’s different, he said, is the motivation. The goal is to pursue a social mission, perhaps creating more jobs for low-income people or generating profits to share with the community. But you’re pursuing that social mission through commercial means. Generating social value begins with having a successful business.

“Social entrepreneurs make money,” Harris said. “They still generate profit. The only difference is that the main goal is designed to create social impact.”

He cited the example of Greyston Bakery in Yonkers, New York, whose motto is, “We don’t hire people to bake brownies. We bake brownies to hire people.”

Related: Detroit Startup Week 2020: Monday Recap

Meanwhile, a session presented by StartupNation, Dell Technologies and WJR offered an optimistic look at today’s remote working. Workers almost everywhere have been doing their jobs from home for the past three months and many find they enjoy it.

Guy Gordon of WJR quipped that he enjoys remote working so much that “I don’t even want to come back to the office….” He said he’s discovered hidden benefits to remote working.

“Especially if you have a contentious relationship with a co-worker, this has led to me having a much healthier relationship with some of the teammates I work with,” he said. “Absence makes the heart grow fonder. The reflexive digging in my heels doesn’t happen as much.”

And rather than just a temporary adjustment to the virus, remote working may represent the new normal going forward. Jeff Sloan, founder and CEO of StartupNation, said the coronavirus crisis has revealed how unnecessary some of the old ways of doing business were, like flying to the west coast for a one-hour business meeting.

“A lot of these things are being shaken out of business today,” he said, but it took a crisis to break down such hardened business habits. “It was a hard thing to disrupt how we were doing business before,” he said.

These sessions and more at Detroit Startup Week illustrate that the coronavirus crisis presents opportunities for entrepreneurs as well as challenges.

As Jeff Sloan said, “More than ever, the intuition of an entrepreneur comes into play today like never before.”

The post Detroit Startup Week: Thursday Recap appeared first on StartupNation.


Domain Shane’s Daily List of Domains at Auction for Thursday June 18th, 2020 One of the things that I think is totally messed up in the world is the lack of praise and love that people give each other. I jokingly said that Elliot Silver has never liked ONE post of anyone. None. Elliot is one of the nicest guys in the industry and would do anything for anyone but I am 100% positive that a like on one of his fo…

Domain Shane’s Daily List of Domains at Auction for Thursday June 11th, 2020 I’m going to start out by saying that there are a lot of things that have divided the world, the country, domain investing over the last month but change only comes from those who speak up and act. It’s not always the side you choose that “wins” but until you hear voices you can’t listen to ideas and gro…

Domain Shane’s Daily List of Domains at Auction for Thursday June 4th, 2020 There was an argument between two of my friends Andy Booth and Drew Rosener on Twitter that was unpleasant to watch. Unpleasant because the two were good friends and made lots of money for each other but as the premium names get harder to find, they find themselves competing against each other for names. In a nutshell, Drew thought …

Domain Shane’s Daily List of Domains at Auction for Thursday May 28th, 2020 One thing I will admit is that Epik is doing a good job. I have never used them but I know they are because people I respect have said good things about the company. I don’t have to like Rob Monster to like the company. I think the world of Braden Pollack who is an owner but I realize the credit goes to Rob for leading his emp…

Domain Shane’s Daily List of Domains at Auction for Thursday May 21st, 2020 Today we are going to talk about math. It’s what you need to be able to turn a profit in domain names. Here’s a simple question. If you have a 10% sell through rate and every domain cost the same amount, how many times costs would you have to make a profit? 10 times multiple is wrong. Why? Because there is renewal fee an…

Domain Shane’s Daily List of Domains at Auction for Thursday May 14th, 2020 Not much to talk about today. It’s hard to have stories when all you do is work. I try not to watch or read too much news because I’m pretty sure nobody really knows how long this will last and I’m not one for seeking out everyone’s opinions on something nobody has an answer for. While I’m sure its going…

Extra Crunch Live: Join Kirsten Green for a Q&A next Thursday at 8 a.m. ET/11 a.m PST/6 p.m. GMT

Last month, the Extra Crunch Live team hosted conversations with folks from all over the venture community that ranged from the pre-seed world with Charles Hudson to shark territory with Mark Cuban. We’re starting off May with a packed agenda, including talks with Hunter Walk of Homebrew and Kirsten Green of Forerunner Ventures. 

Kirsten Green is one of the most respected VCs in the country, with investments in Bonobos, BirchBox, Dollar Shave Club, Glossier, Outdoor Voices, Rockets of Awesome, Hims and Modern Fertility

TechCrunch’s Jordan Crook and Natasha Mascarenhas will host the chat with Green and talk about how D2C is changing amidst the coronavirus pandemic. We’ll get into the opportunities ahead for consumer brands, advice she’s giving portfolio companies and how to spot a breakout company. Extra Crunch members can also ask their own questions, so come prepared! 

Green founded Forerunner Ventures in 2010 and has already seen a number of high-profile exits. One of the firm’s first checks went to Dollar Shave Club, which sold to Unilever for $ 1 billion in 2016. We’ll ask if her investment appetite has changed, which sectors she’s newly bullish on and what metrics are now more important than ever when pitching her. Of course, we’ll get the record on if Forerunner is open for business right now — but we have a feeling it is. 

Kirsten is a founding member of the female mentorship collective All Raise, so expect some conversation on how the landscape is changing for underrepresented founders. 

If we have time, we’ll get into influencer culture, misconceptions about D2C and how founders should think about pitching Green. 

During the call, audience members are encouraged to ask questions. We’ll get to as many as we can, but you can only participate if you’re an Extra Crunch member, so please subscribe here. 

Extra Crunch subscribers can find the Zoom Link below (with YouTube to follow) as well as a calendar invite so you won’t miss this conversation.

Startups – TechCrunch