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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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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

The speaks to the continued confidence in the venture capital markets and as I had predicted some time ago the VC markets right now are a great place to invest – especially relative to other places to put one’s money. Our last fund we raised was in 2012 and we began investing it in April of 2012.

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What Should You Do with Your Crappy Little Services Business?

Both Sides of the Table

A great recent example of this was a successful group of entrepreneurs who had created a company that will do $10-12 million in revenue at their system integration business (read: services business) in 2011 after having done $5 million or so in 2010 and $2-3 million in 2009. In a down market IP can become a huge differentiator.

Services 332
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Former Madison Square Garden President Scott O’Neil Joins ScoreBig Advisory Board

Tech Zulu Event

He was the National Basketball Association (NBA) senior vice president and oversaw the league’s team marketing and business operations, advised NBA and WNBA teams on ticket sales and service, sponsorship development, and marketing and also managed the NBA’s Canadian business, Relationship Marketing, and the NBA Development League.

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CallFire Bootstraps 50,000 Signups and Hires Former NetZero CEO

Tech Zulu Event

CallFire serves clients in a diverse array of industries, from automotive, education and entertainment, to finance, healthcare, marketing and real estate. CallFire technology is already playing a prominent role in 2012 political races across the spectrum. Clients have included MoveOn.org, Rep. .