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What Most People Don’t Understand About How Startup Companies are Valued

Both Sides of the Table

If I’m wrong – at least you’ll have more data to decide how you raise & spend your company’s money. Mostly, no.

Is it Time for You to Earn or to Learn?

Both Sides of the Table

at a startup that has already raised $5 million the chances of you making your retirement money on that company is EXTREMELY small.  125,000.

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Most Startups Should be Deer Hunters

Both Sides of the Table

Nearly all of the mistakes I made at my first company I fixed by the time of my second company. This leads to suboptimal results for all.

What Makes an Entrepreneur? Four Letters: JFDI

Both Sides of the Table

used to sit on the board of a company (for which I DID NOT invest) with a very smart and very likable CEO.  The company never JFDI.

How to (re) Approach People (Advice on the Eve of LeWeb)

Both Sides of the Table

Business Etiquette Tips for dealing with VCs and Corporates at Conferences. This is part of my ongoing series with Startup Advice. Waste.

Don’t Roll out the Red Carpet on the Way out the Door

Both Sides of the Table

Before I started my first company in 1999 I worked for Andersen Consulting (now Accenture).  This is part of my Startup Advice series.

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How to Deal with Skeletons in your Closet

Both Sides of the Table

company has just filed suit against you for product patent infringement (obviously more serious). She loves a man with a great sense of humor. 

Startup Software Development – Do Your Homework Before You Develop Anything

SoCal CTO

I just had an all-too common conversation with the founder of a startup who had spent more than a year working with a software development company who had produced a mess. The mess really comes from a developer who was willing to get started on a product that was not fully thought out. Some founders are taken aback. Who are the customers?

Good Judgment Comes with Experience, But Experience Comes from Bad Judgment

Both Sides of the Table

We eventually got a successful exit but I can’t say it was a Google like exit!  I believe that it helped me succeed in my second company.

Start-ups are all Naked in the Mirror

Both Sides of the Table

This is part of my ongoing series Startup Lessons Building companies is hard work.  I started my first company in 1999 in London at the height of the dot com craze.  We also had facilities in Dublin, Ireland where our company was initially founded. We went through the euphoria of massive exposure at the time of our [.].

WTF is Traction? A 6-Step Relationship Guide to VC

Both Sides of the Table

Now there are some firms that have strict rules about not funding pre-revenue companies – that’s different.  The problem is that they see hundreds of pitches and they often don’t proactively step back and think about the companies that seemed promising but they weren’t ready to pull the trigger. But be polite.

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Start-ups are all Naked in the Mirror

Both Sides of the Table

Building companies is hard work.  I started my first company in 1999 in London at the height of the dot com craze.  We also had facilities in Dublin, Ireland where our company was initially founded. Our company was completely euphoric.  We drank our own Kool Aid. Every company has growing pains. We were hot.

Should Your Startup Have an Advisory Board?

Both Sides of the Table

The CEO picks prominent people who are busy in their own right with their own companies.  This is part of my ongoing series Startup Advice. 

Who Should you Hire at a Startup?

Both Sides of the Table

More likely this person who wants to work at your fledgling company is a decent performer but not a superstar.  You’re stressed. million. 

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What Makes an Entrepreneur? (1/11) – Tenacity

Both Sides of the Table

Some companies don’t push hard enough.  If you haven’t spent time over there you should. Excite, Ask Jeeves and Lycos?  Yeah, right. 

Are Business Plans Still Necessary?

Both Sides of the Table

Ajax was the new buzzword and many companies went overboard.  and the subsequent acquisition sprees of companies like Google, Yahoo!,

IPO Market Surpasses 2008, 2009, According to Report

socalTECH

A new report today released by PwC finds that the market for initial public offerings (IPOs) has jumped significantly in 2010, with volumes exceeding both 2008 and 2009 levels. billion for companies, which is 123 percent increase in volume and a 49 percent increase in volume compared with numbers last year. billion.

Bank Robber or ATM Operator?

InfoChachkie

In addition to the characteristics noted below, you may also want to consult “ Finding an Entrepreneurial Gem in the Slag Heap of Big Dumb Company ” and “ Are You an Entrepreneur ”. Conversely, the ATM Operator will ask questions centered on the Company’s financial condition, current investors, and potential future investors.

Insights: Ten reasons to start a company; ten reasons not to

socalTECH

Rich valuations and venture capitalists throwing money at early stage companies. So not 2009. Start up conferences and competitions.

Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

Last month we Launched Los Angeles Tech and in the announcement we provide the Hot List for the first half of January 2009. Top for January 16, 2009 - January 31, 2009 Posts Are You Selling Online Yet? This hot list is based on various social signals of what people are writing about, reading, bookmarking, searching, etc.

Are MBAs Necessary for Start-ups or VC?

Both Sides of the Table

And I feel that this skill is invaluable in both building a start-up company and in being a VC. MBA fine, but not required. So back to MBAs. 

Secure Technology Company Sold To Benchmark Electronics For $230M

socalTECH

Santa Ana-based Secure Technology Company , a developer of ruggedized computers for the military and other markets, has been sold to Benchmark Electronics in a deal worth $230M in cash. Secure Technolgoy Company was owned by private equity investor Vance Street Capital. Vance Street Capital had acquired Secure in October of 2009.

Startup Founders Should Flip Burgers

Both Sides of the Table

The expectations of our company having raised $16.5 This is part of my ongoing series Startup Advice.  This is what happened to me. Burger?

Startup Metrics

SoCal CTO

This is a great presentation and one that I'm going to point out to startup / early stage company CEOs. Great stuff.

VentureNet 2009

SoCal Tech Calendar

Wednesday, October 7, 2009 -- VentureNet 2009. One chance to see the most innovative emerging technology companies in the entire Southern California region strut their stuff. One day. One event. See [link] (more

What Makes an Entrepreneur (2/10) – Street Smarts

Both Sides of the Table

The company incinerated cash.  Do you have similar experiences when you built your companies? Two quick stories from just yesterday.

GadgetFest 2009

SoCal Tech Calendar

Tuesday, November 3, 2009 -- GadgetFest 2009. The 9th annual GadgetFest is fast approaching, and tech companies in the San Diego region and beyond are preparing to showcase their newest, most innovative technologies for this years competition. Register now and secure your place in this years biggest event! See [link] (more

Got 2020 Clear Vision?

Daradiction

My best friend Braden Jones and his wife Denai started a company in my hometown of Ventura in 2001 called Petunia Pickle Bottom and gave birth to a new industry.  Early 2009 I stopped drinking alcohol and putting damaging substances into my body and this has been given me remarking clarity and performance benefits. Jack Johnson.

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Don’t drink your own Kool-Aid (surviving TC50)

Both Sides of the Table

That’s OK.  It happens to many companies that ride the wave. 2001-2004 were very humbling but we built a real company. Yours.

Do you need a Powerpoint deck for a VC meeting?

Both Sides of the Table

Don’t just ask generically about just what the firm has done but the specific companies related to the person you’re meeting with.

Software Development Companies in Southern California

SoCal CTO

As part of doing that, I've had the opportunity to interact with a wide variety of different chief technical officers from different kinds of companies over those years. This is a private group of CTOs who are responsible for software development within their companies. Yes, there are some events around particular technologies.

Building Value in a Company

Ask the Angels

 [Editor’s Comment] In a previous post, we mentioned recently meeting Dr. Tom McKaskill (aka Dr. Exit) and were impressed with the vast knowledge and wisdom he’s shared over the years with entrepreneurs and startup companies around the world. Without question, this comes in the future not the past. However, a word of warning.

When Should I Sell My Company

Ask the Angels

Tags: Company Creation/Operation General Company Sale Exit Strategies Tom McKaskill

What Makes an Entrepreneur (4/11) – Resiliency

Both Sides of the Table

The agreement was that both sets of investors would fund the combined entity, we would reduce overlapped costs and become a healthier company

5 Tips to Becoming a More Customer Centric Organization

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The world has changed much since I started my first company in 1999.  As organizations we have become more open and I believe this is great for businesses and their customers.  In the first 4 years of running BuildOnline we were an “Outside In&# organization. This was 2006 and we were now working on our second company

VC Funding Season Ends Next Week

Both Sides of the Table

Full partner meetings are almost always on Mondays and if it isn’t already booked yet for Monday, November 16th (e.g.

Why I Don’t Like Board Observers

Both Sides of the Table

The second scenario is where there are too many investors (egos?) in a company.  What exactly is a board observer? So here is the rub. 

Qualcomm Town Hall 2009

SoCal Tech Calendar

Wednesday, December 16, 2009 -- Qualcomm Town Hall 2009. CommNexus. As 3G takes off all over the world  offering advanced services from networks and devices providing multi-megabit speeds  wireless communications is emerging as the most important technology of this millennium. How will these systems and services evolve?

Why Should I Sell my Company?

Ask the Angels

Most company founders accept the fact that they will sell their business sometime, usually in the distant future when outside investors expect an exit. Can it happen to your company – certainly! Tags: General Company Sale Exit Strategies Family Business Tom McKaskill Even older businesses still have a 2% failure rate.

Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

If a company has reached a level of success, has been around for a few years and you believe the company has potential to break out into a much bigger company then you should let the founders take money off of the table.  It’s that simple. The net effect for [my company] for example is we are now doing reasonably well.