Both Sides of the Table
SEPTEMBER 28, 2014
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.
Startup Professionals Musings
OCTOBER 8, 2023
Each has met legal securities minimums for net worth and professionalism, to reduce the risk to entrepreneurs. Every angel looks to scale the business after you have funded product design, perhaps with friends and family. Angels need to see a proven business model, with a working prototype and preferably a real customer or two.
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Startup Professionals Musings
MAY 21, 2023
Negotiate an advance from a strategic partner or customer. Find a major customer, or a complimentary business, who sees such value in your idea that they are willing to give you an advance on royalty payments to complete your development. Another common example is exchanging equity for legal and accounting support.
Startup Professionals Musings
AUGUST 29, 2020
Negotiate an advance from a strategic partner or customer. Find a major customer, or a complimentary business, who sees such value in your idea that they are willing to give you an advance on royalty payments to complete your development. Another common example is exchanging equity for legal and accounting support.
Startup Professionals Musings
JANUARY 27, 2021
Each has met legal securities minimums for net worth and professionalism, to reduce the risk to entrepreneurs. Every angel looks to scale the business after you have funded product design, perhaps with friends and family. Angels need to see a proven business model, with a working prototype and preferably a real customer or two.
Startup Professionals Musings
OCTOBER 10, 2018
Negotiate an advance from a strategic partner or customer. Find a major customer, or a complimentary business, who sees such value in your idea that they are willing to give you an advance on royalty payments to complete your development. Another common example is exchanging equity for legal and accounting support.
Both Sides of the Table
FEBRUARY 10, 2011
some fun, big tech issues like privacy, net neutrality, location-based services and real-time data. At Sony, he didn’t feel like he could “steer the ship” and get his ideas heard so he left and started GUBA, GUBA had no seed funding. Patience is also important for market and customers. Topics of the day.
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