Startup Professionals Musings
DECEMBER 2, 2022
There are no “overrides” – for example, businesses don’t thrive just because they offer the latest technology, or because everyone wants to be “green,” or because their goal is to reduce world hunger. Test your projections against actual published reports from similar companies. What is the need you fill or problem you solve?
Berkonomics
APRIL 4, 2019
Summarizing income statements with a line for revenues, cost of revenue, general and administrative expenses, sales and other direct costs – all leading to net income, would satisfy the legal requirement for statement of income and expense. Requirements created by investment documents.
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Berkonomics
APRIL 10, 2014
One example of asset-based finance would be purchase order financing. Handling the reporting for such loans often require some amount of dedicated time. Many lenders require that a transaction report be generated along with a batch of purchase orders or invoices pledged as collateral for the loan.
Berkonomics
APRIL 14, 2012
Summarizing income statements with a line for revenues, cost of revenue, general and administrative expenses, sales and other direct costs – all leading to net income, would satisfy the legal requirement for statement of income and expense.
Startup Professionals Musings
FEBRUARY 25, 2019
Al Gore, by just talking about it, still seems to be leading the way in monetization, having amassed an estimated net worth reported recently as around $300 million. There are plenty of smaller success examples, including Impossible Foods, Inc., The ideas are endless, but we need more smart entrepreneurs to implement them.
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. Could I have found a better example of “Timing is everything”? The background for my story.
socalTECH
MAY 30, 2012
First, which is the most important and gets least reported on, is lots of people can now publicly say they're raising money, and on what terms. Pebblewatch is a great example of a company, which had a need for customer capital, and not venture capital. The JOBS Act did two important things. It removed the ban on venture solicitation.
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