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On Funding?—?Shots on Goal

Both Sides of the Table

In short: Access to great deals, ability to be invited to invest in these deals, ability to see where value in a market will be created and the luck to back the right team with the right market at the right time all matter. Consider: When GOAT started it was a restaurant reservation booking app called GrubWithUs … it’s now worth $3.7

Funding 294
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If you’re lucky enough: Celebrate your exit!

Berkonomics

You no longer need to worry over daily cash or threats to your net worth. Write a book. Write a handwritten letter to someone who helped you make it to the finish line. Think about investments and tax efficiency. First there comes a sense of relief and maybe guilt. Here are some thoughts for you. Hit the beach.

Writing 156
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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 it is also the title of a fabulous book from Internet 1.0 Net burn is the amount of money you are losing per month. otherwise I prefer to invest less and risk less).

Startup 383
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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

The Facebook parent-company saw its stock price get bludgeoned after a bad earnings report showcased that Apple’s ad-blocking changes are shaving billions off its books and the company’s crown jewel — the Facebook platform — has stopped growing and actually shrank this quarter. ” my colleague Aisha notes.

Marketing 246
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A Serial Entrepreneur’s Take On Guy Kawasaki’s Enchantment

InfoChachkie

As I noted in Why Most Business Books (Still) Suck , I am generally not a fan of business books. Although many are entertaining, most fail to provide entrepreneurs with a sufficient return on their time investment. Unfortunately, most business books do not offer entrepreneurs an adequate payoff. Fan, Not A Fan Boy.

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Entrepreneurs: Take the time to celebrate your exit.

Berkonomics

Email readers, continue here…] First there comes a sense of relief, knowing that you no longer need to worry over daily cash or threats to your net worth. Write a book; I did. Write a long hand letter to someone who helped you make it to the finish line. Think about investments and tax efficiency.

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Should Startups Focus on Profitability or Not?

Both Sides of the Table

I find it amusing when a journalist writes an article about a prominent startup (either privately held or preparing for an IPO) and decries that, “They’re not even profitable!” If you have a market lead then raising capital and making investments now will help you as others enter the market. ” The Details.

Startup 418