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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. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

Startup 383
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5 Reasons Why Businesses Still Love Microsoft

Tech Zulu Event

We’ve all become so used to having Microsoft in our lives that we’ve started to take their products and services for granted. Since then, Microsoft has come out with product after product, always improving and innovating – and you can keep counting on it to keep doing so. came out in 1985. 2. 1.0, NT, 98, ME, Vista, XP, 7.

Writing 88
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8 Ways To Ensure That Your Website Is Winning For You

Startup Professionals Musings

Even more disappointing are other statistics that show most websites that do exist have a very low “conversion rate,” or ratio of visitors to the site versus ones who meet your goal of buying a product or signing up for a newsletter. Find your niche and highlight how your product meets the customer’s exact need, and is the best in the world.

SEO 53
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8 Startup Lessons You Could Learn from Gotham Gal

Both Sides of the Table

To be effective at sales you need to really understand the business of the person who will buy your product. She went to work running sales for Jason Calacanis at Silicon Alley Reporter (mid 90′s). “There are so many places you can go on the Net where you can find your community. “The Internet saved my life.

Startup 311
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How This Entrepreneur Raised $28,000 Using Airbnb to Fund Her Startup

Both Sides of the Table

In one year of Airbnb Tracy netted more than $28,000. Tracy is knowledgeable enough to talk tech and swap design & product stories with other founders, but she realized early that networking amongst this group and reading and writing in their journals would not bring her more customers. She focused on her customer.

Startup 363
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10 Cash-Flow Surprises That Could Kill Your Startup

Startup Professionals Musings

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. The Kauffman Foundation reports that late payments are among the biggest challenges facing startups. You can be on budget, and still run out of cash.

Startup 114
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Startups Need the Eight P’s for Successful Funding

Startup Professionals Musings

The value proposition is a short statement that clearly communicates the target customer, the customer’s problem and the pain that it causes, the unique solution that addresses this problem, and the net benefit of this solution (value derived versus relative cost) from the customer's perspective.

Funding 106