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On Funding?—?Shots on Goal

Both Sides of the Table

When you first start your career as an investor (or when you first start writing angel checks) your main obsession is “getting into great deals.” You need shots on goal as not every one will go in the back of the net. That’s return, not exit price of the company. You’re thinking about one bullet at a time.

Funding 294
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7 Ways For Do-It-Yourself Entrepreneurs To Get Ahead

Startup Professionals Musings

From the dollar you gave to the homeless guy on the way to meet a prospective client, to the new tie you bought to look professional, write down every single penny. Write down agreements. Get in the habit of thinking like a company founder and get promises in writing. Record every expense. Keep a monthly profit-loss.

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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.

Startup 383
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7 Keys To The Best Internet Name For Your New Venture

Startup Professionals Musings

As a startup, cost to rename your company and change existing collateral may be less than dealing with unmatched names or premium domain pricing. First you have to find the current owner, using WHOIS , or other lookup functions available on the net. Get the agreement in writing as quickly as possible. Otherwise, find the owner.

Startup 136
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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

The Facebook parent-company saw its stock price get bludgeoned after a bad earnings report showcased that Apple’s ad-blocking changes are shaving billions off its books and the company’s crown jewel — the Facebook platform — has stopped growing and actually shrank this quarter. Image Credits: Facebook. the big thing.

Marketing 246
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7 Practices Reduce Risk In Even The Smallest Business

Startup Professionals Musings

From the dollar you gave to the homeless guy on the way to meet a prospective client, to the new tie you bought to look professional, write down every single penny. Write down agreements. Get in the habit of thinking like a company founder and get promises in writing. Record every expense. Keep a monthly profit-loss.

Writing 97
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8 New Ways To Focus On Customers For Trust And Profit

Startup Professionals Musings

Pushing yourself on customers by touting features and price doesn’t work anymore. Although customers today are comfortable providing personal information in return for a better experience, they are also quick to write you off if you misuse the data, disclose it, or use it to push irrelevant products.

Customer 133