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Startups Should Focus On Their Net Profit Score Not Potential Promoters

InfoChachkie

A version of this article previously appeared in the Wall Street Journal. As crazy as this scenario sounds, it is very similar to the “scoring process” companies engage in when they track Net Promoter Scores. If you haven''t already subscribed yet, subscribe now for free weekly JohnGreathouse.com articles! Wayne Gretzky.

.Net 100
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Playing the Long Game in Venture Capital

Both Sides of the Table

It has historically been the case that VCs would rather fund the promise of 100x in a company with almost no revenue than the reality of a company growing at 50% but doing $20+ million in sales. Today they announced that they acquired a large competitor in their space for what is reported to be a $100 million transaction.

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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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What’s the minimum information to give your investors?

Berkonomics

Shareholders may vote on other issues during the year by written consent, including acquisitions, stock issuance, changes to the articles of incorporation and bylaws, and more. This could include the need for audited financials, monthly financial and narrative reporting and more. But don’t worry.

Class 120
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How much information do you give to investors?

Berkonomics

Shareholders may vote on other issues during the year by written consent, including acquisitions, stock issuances, changes to the articles of incorporation and bylaws, and more. These could include the need for audited financials, monthly financial and narrative reporting and more.

Class 202
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Startup Pricing: Are You Selling A Giffen Product?

InfoChachkie

A version of this article previously appeared in Forbes. If you haven''t already subscribed yet, subscribe now for free weekly JohnGreathouse.com articles! Even sales reps will invoke a cost plus logic when negotiating with me on behalf of their customers. Caution: contains a bit of profanity (it is Chris Rock, after all).

Pricing 100
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Boomers are Looking for Another Bite at the Apple

Startup Professionals Musings

In case you think that all of these are employed by big companies, listen to these statistics: According to an article in U.S. News & World Report , people over 40 were key players in 86.6% High-travel sales and buyer positions. Retail sales to Gen-X and Gen-Y. of startup businesses as far back as 2005.

Mentor 75