Peter Kang

For our design agency Bolster, we’ve been looking to find our way around the agency version of a “cold start problem”. In tech, a cold start problem (as popularized by Andrew Chen’s book on the topic) is the conundrum that startups face when trying to achieve network effects with their product. For example, for Airbnb, their cold start problem was trying to get both enough host inventory and guest interest at the same time in order for each […]

How much cash in the bank makes sense for an agency business? Some agency owners I’ve talked to say enough cash to cover at least 3 months’ of expenses. I’ve also talked to ones that have enough to cover a year’s worth of expenses. Some serious amounts. I like having cash in the bank. Especially in a higher interest rate environment, having cash is a good place to be and provides a sense of security. […]