Startups Should Focus On Their Net Profit Score Not Potential Promoters

InfoChachkie

As crazy as this scenario sounds, it is very similar to the “scoring process” companies engage in when they track Net Promoter Scores. However, rather than obsessing on a single metric, entrepreneurs should focus on improving their Net Profit Score.

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10 Entrepreneur Attributes That Will Make You A Star

Startup Professionals Musings

Elon Musk via Flickr by TED Conference 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 that you can’t quite put your finger on, like Ryan Seacrest is searching for on American Idol.

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Entrepreneurs Need Experience More Than An MBA

Startup Professionals Musings

In some reputable surveys , as many as two-thirds of entrepreneurs felt that their entrepreneurial spirit was more ingrained than learned, so a specific education level is at least irrelevant. On the other hand, I had trouble thinking of famous entrepreneurs with an MBA.

10 Qualities That Will Make You An Entrepreneur Idol

Startup Professionals Musings

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 that you can’t quite put your finger on, like Ryan Seacrest is searching for on American Idol.

Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

” It’s the most common refrain I hear from investors and even entrepreneurs these days. I think there is also no denying the role that Richard Rosenblatt has played in building the LA tech ecosystem and spawning great entrepreneurs who followed in his footsteps.

7 Failures of Corporate Executives as Entrepreneurs

Startup Professionals Musings

Similarly, acquiring a larger footprint of direct reports is often a sign of success at large businesses. At a small company, if you're constantly demanding more support, you risk turning your net impact into overhead-creep rather than value creation.

How This Entrepreneur Raised $28,000 Using Airbnb to Fund Her Startup

Both Sides of the Table

She actually IS the prototypical entrepreneur. But Tracy did what entrepreneurs do. In one year of Airbnb Tracy netted more than $28,000. Sam is the managing director of Launchpad LA and we were about to pick our 2012 class of entrepreneurs.

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”). These would-be entrepreneurs are best classified as Wantrepreneurs, as discussed in Entrepreneurial Enterviewing. Most of these instant entrepreneurs were in it for one reason – quick money.

How To Get Your Startup Funded - Tips From Entrepreneur and Renowed Angel Investor Jason Calacanis

SoCal Tech Calendar

Tuesday, September 26, 2017 -- How To Get Your Startup Funded - Tips From Entrepreneur and Renowed Angel Investor Jason Calacanis. Jason Calacanis founded Silicon Alley Reporter, Weblogs Inc, Mahalo, and Inside.com. He turned down a $20 million offer for Silicon Alley Reporter. Then the dotcom bubble burst, and he wound up with a net worth of negative $10,000.

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Entrepreneurs Need to Find the Best ‘Curators’

Startup Professionals Musings

Every entrepreneur is flooded with information from all directions, but despite their best efforts to absorb it, they likely miss the information really needed to start a business. and books for entrepreneurs like “Think and Grow Rich.”

Boomers Lead and Drive the New Wave of Entrepreneurs

Startup Professionals Musings

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.

Could you have created a “dirty cap table?”

Berkonomics

Investors love to see entrepreneurs who have used their own money to ignite their businesses. But often, entrepreneurs turn to others for initial capital. Oh, I know. When you started the business, you took investments from friends and family in small amounts just to get you started.

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Xconomy Special Report: 12 San Diego Tech Startup to Watch in 2017

Xconomy

I widened my net this year. Longtime tech entrepreneur and angel investor Marco Thompson, who is closely associated with San Diego’s EvoNexus incubator, contributed a number of companies to the list. Tim Rueth, a UC San Diego entrepreneur in residence and member of the EvoNexus selection committee, also screened the list, and offered his perspective.

Crowdfunding: a roar from a young lion

Berkonomics

Entrepreneurs who can raise funds in more traditional ways from knowledgeable investors should still lean toward doing just that. With help from JJ Richa. Can you imagine having 300 shareholders?

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What’s the minimum information to give your investors?

Berkonomics

On the other side, entrepreneurs and CEO’s usually have a natural fear of giving too much information to us investors after the initial investment is received. This could include the need for audited financials, monthly financial and narrative reporting and more.

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6 Demand Generation Metrics To Quantify Marketing ROI

Startup Professionals Musings

Every entrepreneur knows that good demand generation marketing is the key to growth these days, but very few have the discipline or know-how to measure return in a world of a thousand tools and techniques. Carlos Hidalgo demand generation entrepreneur metrics pipeline ROI

10 Negatives That Still Make Going Public A High Risk

Startup Professionals Musings

In the old days, every entrepreneur dreamed of easily taking their startup public, and making it big. Smart entrepreneurs are just now starting to look at this option again, due to its unpredictability and the challenges of running a public company.

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Another personal story: Timing is everything in a sale.

Berkonomics

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. Our entrepreneur balked at the boldness of that statement.

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6 Critical Marketing Metrics To Nail Today’s Buyers

Startup Professionals Musings

Every entrepreneur knows that good demand generation marketing is the key to growth these days, but very few have the discipline or know-how to measure return in a world of a thousand tools and techniques. Carlos Hidalgo demand generation entrepreneur leads marketing

What Should You Do with Your Crappy Little Services Business?

Both Sides of the Table

A great recent example of this was a successful group of entrepreneurs who had created a company that will do $10-12 million in revenue at their system integration business (read: services business) in 2011 after having done $5 million or so in 2010 and $2-3 million in 2009.

Taking Your Startup Public Is Fraught With Negatives

Startup Professionals Musings

In the old days, every entrepreneur dreamed of easily taking their startup public, and making it big. Smart entrepreneurs now avoid this option like the plague, due to its unpredictability and the challenges of running a public company. entrepreneur IPO m&a startup Stock Exchange

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Why 2017 Should be a Great Year to Raise Venture Capital

Both Sides of the Table

The conclusion of our report was that winter did come, but it was mild and short. We are now publishing some of the VC survey data the report used and the results are clear — it’s a great time to be a startup raising venture capital.

Three Factors Which Intoxicate Venture Capitalists - Why Your Startup Will (Probably) Not Raise Venture Capital Funding

InfoChachkie

Randy Churchill and his team at PricewaterhouseCoopers meticulously prepare a quarterly report detailing the venture landscape, called Shaking The Money Tree. The fact that something is difficult or even unlikely will not deter a determined entrepreneur.

10 Realities Today Cause Startups To Bypass An IPO

Startup Professionals Musings

In the old days, every entrepreneur dreamed of easily taking their startup public, and making it big. Smart entrepreneurs are just now starting to look at this option again, due to its unpredictability and the challenges of running a public company.

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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. So if your costs are $500,000 per month and you have $350,000 per month in revenue then your net burn (500-350) is equal to $150,000. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

10 Steps To Be A Startup Founder With The X-Factor

Startup Professionals Musings

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.

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10 Reasons Why IPO Is No Longer A Good Startup Exit

Startup Professionals Musings

In the old days, every entrepreneur dreamed of someday taking their startup public, and making it a multi-national powerhouse. In my view, the key reasons that IPOs have lost their luster from an entrepreneur and investor perspective include the following: The US IPO process seems broken.

Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

I knew eventually people would realize that the Kauffman Report and all the talk of VC returns were rear-view mirror analyses. As I like to say when asked, “For entrepreneurs you generally need to go to 2-3 cities max and probably pitch 5-15 investors.

Lean on Your Networks When Making Early Hires

Tech.Co

Below we’ll outline how to squeeze those last drops of talent out of your own social circles, how to incentivize current employees to lure in potential candidates in their networks, and how to entice “superconnectors” to recruit through their own far-reaching nets.

Business 2015 - Optimism, But Upgrade Your Strategy

Startup Professionals Musings

A November 2014 report by Kiplinger asserts that economic momentum is back on track. This was led by a modest increase in the net percent of owners who plan to increase capital spending and more who expect higher sales in the next few months.

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Is Your Startup Growing Too Quickly For Cash Flow?

Startup Professionals Musings

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. The Kauffman Foundation reports that late payments are among the biggest challenges facing startups.

Beware the “dirty cap table.”

Berkonomics

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. To compound the problem, often stock is issued by the entrepreneur without filing any report of such issuance with the state of issue.

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10 Cash-Flow Surprises That Could Kill Your Startup

Startup Professionals Musings

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. Marty Zwilling First published on Young Entrepreneur on 07/12/2013.

Test Your Business Model Against These 10 Elements

Startup Professionals Musings

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. Test your projections against actual published reports from similar companies.

Don’t Delay Your First Startup to Get an MBA Degree

Startup Professionals Musings

In some reputable surveys , as many as two-thirds of entrepreneurs felt that their entrepreneurial spirit was more ingrained than learned, so a specific education level is at least irrelevant. On the other hand, I had trouble thinking of famous entrepreneurs with an MBA.