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National Technical Systems Gets $14M In PIPE

socalTECH

Calabasas-based National Technical Systems , which provides testing and engineering services, said today that it has raised $14M in a private placement. The firm said it raised the debt and equity with Mill Road Capital. The firm said it was advised by B. Riley & Co. in the financing. READ MORE>>.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

In these kinds of businesses I’m on the record as advising “ Ring the Freakin Cash Register.” ” Stay lean and only raise a big round if you DO find product / market fit and which point you want to loosen the belt quickly and raise the capital to do so. .” Valuation.

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Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

There is a second set of career discussions I have even more frequently than my “angel yourself” advice but this type is almost never discussed publicly in blogs, which tend to emphasize only billion-dollar opportunities, 20-something technical founders and Silicon Valley elitism. He still has the dream. He has the hunger.

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What Makes an Entrepreneur? Four Letters: JFDI

Both Sides of the Table

I spent nearly a decade building software for large companies and then advising companies on the same. Most of them are completely mundane such as choosing which: bank, office space, 1-year lease vs. 2-year lease, logo, URL, pricing structure or which VC. I didn’t have to make many serious decisions. I said that was my point.