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A Startup’s Net Profit Score Is More Important Than Its Net Promoter Score

InfoChachkie

As crazy as this scenario sounds, it is very similar to the “scoring process” companies engage in when they track Net Promoter Scores. Net Promoter Scores (NPS) are the darling of many Big Dumb Company (BDC) product marketing and customer support executives. A Net Promoter Score of 10 and a bank account of 0 equal a failed venture.

.Net 182
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A Startup’s Net Profit Score Is More Important Than Its Net Promoter Score

InfoChachkie

As crazy as this scenario sounds, it is very similar to the “scoring process” companies engage in when they track Net Promoter Scores. Net Promoter Scores (NPS) are the darling of many Big Dumb Company (BDC) product marketing and customer support executives. A Net Promoter Score of 10 and a bank account of 0 equal a failed venture.

.Net 168
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TrueCar's Scott Painter On Entrepreneurship And IPOs

socalTECH

We spoke with Scott Painter , CEO and founder of the company--and already a successful serial entrepreneurs--about the journey from startup to public company, lessons learned, and his advice to CEOS who might be thinking about an IPO for their own company. But, net-net, being a public company is a threshold moment for use.

Truecar 209
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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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Are You an Entrepreneur?

InfoChachkie

Hint: He was an entrepreneur. The same is true of entrepreneurs. Entrepreneurship is so highly valued in the Western World that some people try to convince themselves that they are an entrepreneur, when in fact they would be better off at a Big Dumb Company (“BDC”). Entrepreneur Does Not Equal Inventor.

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Who Wants To Be A Millionaire? Every Successful Entrepreneur Should Expect The “Million Dollar Question”

InfoChachkie

Entrepreneurs who experience promising initial success also play a similar game. The company was approached by a Big Dumb Company (BDC) who made a nominal acquisition offer within months of the company’s founding. Take Home Pay – All that matters is the amount of money you net, not the size of the initial offer. The Answer Is?

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Are Business Plans Still Necessary?

Both Sides of the Table

This is part of my ongoing series of posts and I need to file this one under both Raising Venture Capital and Startup Advice. There were tons of young entrepreneurs showing their latest Web 2.0 and the subsequent acquisition sprees of companies like Google, Yahoo!, ’ Our Net Income will be $40 million.&#.

Web 2.0 334