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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

Our last fund we raised was in 2012 and we began investing it in April of 2012. Our 3rd fund began investing in March 2009 (raised in 2008) and our 4th fund started in April 2012 so this fund will naturally begin investing around March / April 2015. Family Offices (of high-net-worth individuals or families).

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

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What Should You Do with Your Crappy Little Services Business?

Both Sides of the Table

A great recent example of this was a successful group of entrepreneurs who had created a company that will do $10-12 million in revenue at their system integration business (read: services business) in 2011 after having done $5 million or so in 2010 and $2-3 million in 2009. That is $12 million in profits over 3 years.

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Former Madison Square Garden President Scott O’Neil Joins ScoreBig Advisory Board

Tech Zulu Event

Earlier in his career, O’Neil honed his sales and marketing expertise with the Philadelphia Eagles of the National Football League, where he became vice president of sales, and the New Jersey Nets, where he began his career as a marketing assistant. He brings to ScoreBig.com the much needed expertise for marketing and growth.

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CallFire Bootstraps 50,000 Signups and Hires Former NetZero CEO

Tech Zulu Event

CallFire technology is already playing a prominent role in 2012 political races across the spectrum. He joined WebVisible, a leading provider of local online marketing software and services, as chief operating officer in 2009 and was elevated to CEO in 2010.