Both Sides of the Table
SEPTEMBER 28, 2014
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 Professionals Musings
JULY 9, 2021
People cite sources like this Inc.com article “ 5 Reasons Why You Don't Need a Business Plan ,” or my own blog discussion on this subject, “ Situations Where A Business Plan Does Not Add Value.” Net out the problem and your solution in the first 30 seconds. Successful startups are all about the right people with the right stuff.
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Both Sides of the Table
JUNE 19, 2017
The Basics The starting point — the 101 — is knowing the difference between gross burn and net burn. Gross burn is your cost base and net burn is the difference between your revenue and costs. GAAP Net Income, which at times isn’t a good reflection of cash burn). Each investor would need to write $1–1.5
InfoChachkie
JANUARY 29, 2013
A version of this article previously appeared on Forbes. If you haven't already subscribed yet, subscribe now for free weekly Infochachkie articles! Proper Context – If the context of the intro is the least bit unclear, I ask the person requesting the introduction to write a paragraph or two that I can forward to the target contact.
Eric Greenspan
JULY 9, 2012
As I write this, the articles and comments about my company’s demise continue. There are no deep pockets, there’s no safety net. Thankfully, for every angry investor or customer, there is someone amazing who says something supportive and kind. Someone called my company a scam today. Do they really believe that?
Startup Professionals Musings
JULY 15, 2015
People cite sources like this BusinessWeek story a while back “ Real Entrepreneurs Don’t Write Business Plans ,” or even my own article on this subject, “ 10 Reasons Not To Write A Business Plan First.” Net out the problem and your solution in the first 30 seconds. Executive summary glossy. Written business plan.
Startup Professionals Musings
MAY 18, 2014
People cite sources like this BusinessWeek story last year “ Real Entrepreneurs Don’t Write Business Plans ,” or even my own article a while back, “ 10 Reasons Not To Write A Business Plan First.” Net out the problem and your solution in the first 30 seconds. Executive summary glossy. Pitch your company, not your product.
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