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 383

Startup Company Companies .Net 383

Berkonomics

MARCH 8, 2012

Investors love to see entrepreneurs who have used their own money to ignite their businesses. But often, entrepreneurs turn to others for initial capital. Currently that standard requires a minimum of $200,000 in annual income or over one million in net assets, including the value of the investor’s principal residence.

Invest 185

Invest Entrepreneur .Net Course 185

InfoChachkie

JULY 14, 2009

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.

Entrepreneur 153

Entrepreneur Ideas Writing Startup 153

Berkonomics

SEPTEMBER 27, 2018

After presenting a “state of the company” report at a national meeting of resellers for a company where I sat on the board, I was approached by one of the audience members, complimenting my presentation and stating, “I have a problem. Of course, we took all of these. Our entrepreneur balked at the boldness of that statement.

Sales 120

Sales Web Design Web Design 120

Both Sides of the Table

DECEMBER 16, 2014

We’ve been dying to tell you all for a while that we had raised a new venture capital fund and of course given SEC filing requirements the story was somewhat already scooped by the always-in-the-know Dan Primack a few weeks ago. Family Offices (of high-net-worth individuals or families). We raised $280 million. Foundations.

Venture Capital 396

Venture Capital Funding Technical Review Startup 396

Startup Professionals Musings

FEBRUARY 9, 2014

To be successful as an entrepreneur, you don’t have to be a fabulous person, but it helps. Some people, and some entrepreneurs, have that something extra, like Simon Cowell is searching for on the X-Factor , that you can’t quite put your finger on. Everyone looks for “rapport talk” rather than “report talk.”

Startup 101

Startup Entrepreneur Social Media .Net 101

Berkonomics

SEPTEMBER 17, 2011

After presenting a “state of the company” report at a national meeting of resellers for a company where I sat on the board, I was approached by one of the audience members, complimenting my presentation and stating, “I have a problem. Of course we took all of these. First here is a bit of the background. The year was 1998.

Sales 149

Sales Web Design Web Entrepreneur 149

Startup Professionals Musings

AUGUST 1, 2013

I will outline here ten key principles and disciplines that every entrepreneur must understand and practice to minimize surprises and failures in this area: Failure to document cash flow projections is a disaster. The Kauffman Foundation reports that late payments are among the biggest challenges facing startups.

Startup 114

Startup Sales Layoffs Slides 114

Startup Professionals Musings

NOVEMBER 14, 2010

Bockerstette, Main Street Venture Fund As I outlined last week, trophy angel investors are always looking for trophy entrepreneurs. In many areas, not enough entrepreneurs meet the criteria, so it’s still a buyer’s market. We see many entrepreneurs who grossly over value their company when attempting to obtain outside investment.

Funding 106

Funding Startup Entrepreneur Activity 106

Startup Professionals Musings

JANUARY 17, 2016

In the new business world, many entrepreneurs are so excited with large initial orders that they don’t anticipate the cash flow challenges that can quickly kill their startup. Of course, you can’t predict everything, but writing down what you know will identify existing problems sooner, and allow other team members to help.

Startup 64

Startup Sales Layoffs Slides 64

Both Sides of the Table

JULY 16, 2010

LP’s who invest in funds are typically university endowments, public & private pension funds, insurance companies, large corporations and very high net worth individuals called “family offices.&# To give you an indication of how bad, for example, university endowments are suffering check out this chart.

Venture Capital 311

Venture Capital Startup Seed Funding Rustic Canyon 311

Berkonomics

MARCH 7, 2019

Of course, that worked at the time. Investors love to see entrepreneurs who have used their own money to ignite their businesses. Investors love to see entrepreneurs who have used their own money to ignite their businesses. But often, entrepreneurs turn to others for initial capital. Enter the need for larger investments.

Invest 153

Invest Entrepreneur Course .Net 153

Both Sides of the Table

JUNE 8, 2014

The problem that I’ve seen historically in cities like Los Angeles, San Diego or Seattle is that their historic high-net-worth individuals didn’t come from the tech startup world. It’s worth having a quick read of the first few paragraphs of their annual report. CincyTech today has $28.5 Venture Capital.

Startup 390

Startup Venture Capital Capital Funding 390

Startup Professionals Musings

NOVEMBER 20, 2011

Most surprisingly, according to a report from the Kauffman Foundation , the highest rate of entrepreneurship in America has already shifted to the 55–64 age group, with people over 55 almost twice as likely to found successful companies than those between 20 and 34. Last year about 40% of the total workforce was Boomers. Angel Investor.

Entrepreneur 107

Entrepreneur Mentor Demand High Tech 107

Startup Professionals Musings

JANUARY 8, 2013

Most surprisingly, according to a report from the Kauffman Foundation , the highest rate of entrepreneurship in America shifted about three years ago to the 55–64 age group, with people over 55 almost twice as likely to found successful companies than those between 20 and 34. Last year, nearly 40% of the total workforce was Boomers.

Startup 98

Startup Mentor Demand High Tech 98

Both Sides of the Table

OCTOBER 10, 2010

It profiles one little girl who finished her course work at a private Christian school in her neighborhood but was unable to attend graduation because her mom got behind on payments. I graduated this class and at all of 16 years old wanted to be an entrepreneur. I believe in capitalism but I also believe in a safety net.

Class 340

Class Education Technical Review Writing 340