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Mark Suster’s Advice To Emerging Entrepreneurs – “Do Not Do, As I Have Done”

InfoChachkie

We just knew that we were onto an idea that no one had thought of and we had better be in the press first because, of course, there is a first-mover advantage. Number one is sales. Life is sales. Business development is sales. Winning customers is sales. Getting press is sales. Flip Burgers.

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Should Startups Care About Profitability?

Both Sides of the Table

The most obvious way to explain this is with sales people. If you hire 6 senior sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business 6 months. COGS” represents the amount that each sale costs you.

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Why The Media Has Been Wrong About YouTube Networks

Both Sides of the Table

For much of 2013 I watched the press write articles about how the YouTube “MCNs” (multi-channel networks) were doomed and tried to square that with the data I was watching at the one I invested in, Maker Studios, who has had one hell of a year. I agree with YouTube (that they provide more (hosting, ad sales, etc.)

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Maximize Your Exit By Not Selling Your Company

InfoChachkie

My House Is Not For Sale. Our response was that there was no “price” as our company was not for sale. Run A Sales Process – Establishing an auction was the least attractive option, even though this approach might have driven up the purchase price. Our BATNA to a sale was to accept funding from venture capitalists.

Company 100
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Don’t Cede Control: Why You Need to Cut out Middle Men in Negotiations

Both Sides of the Table

That said, there are times where you need to cast a wider net. I doubt they’d be willing to press harder in questioning and/or be more attuned to negative signals that the reference might be implying but not actually saying. We’re both principals in a sale. They might make this clear to the buyer.

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Are You an Entrepreneur?

InfoChachkie

Repeatedly organize yard sales in which you sold your broken toys, books you wrote and illustrated, along with overly sugared lemonade and burnt cookies. Like a successful entrepreneur, Winston did not believe his own press clippings. For instance, when you were growing up, did you partake in any of the following activities?

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The Long-Term Value of Loyalty

Both Sides of the Table

I didn’t mean to be so insulting and I didn’t mean for the net to be cast so wide that many people wondered whether I was talking about them when I was speaking of “job hoppers.&# I learned a lot from reading the comments. But in our first year of sales (and those were really shitty years to be selling software) we sold $2.1

Startup 285