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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

I was reading Danielle Morrill’s blog post today on whether one’s “ Startup Burn Rate is Normal. I love how transparently Danielle lives her startup (& encourages other to join in) because it provides much needed transparency to other startups. Let’s set up a framework. Gross Burn vs. Net Burn.

Startup 383
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How the Seed-Stage VC Trend Began, The Downsides of Unicorns & Much More

Both Sides of the Table

Let me take you back just 10 years ago to 2005 in Silicon Valley where I returned after 11 years of living in Europe. I was out to raise my first seed money in my second startup of $500,000. Neither did Y Combinator, 500 Startups, TechStars, Amplify, Mucker and countless others. It is, of course, a very recent phenomenon.

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ELC Technologies Acquired By Pourzanjani, Rahmat

socalTECH

ELC is the firm behind startups RightScale, RightCart, and RightSignature, and also provides technology consulting and development to other companies. Pourzanjani founded PriceGrabber and sold it to Experian in 2005 for $485M, and is among one of the active angel investors in Los Angeles. He currently heads up BestCovery.com.

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The @TWTFelipe Story – A Tale of US Visa Policy Gone Awry (#startupvisa)

Both Sides of the Table

I filled up with 20 people pretty quickly and realized this schedule was masochistic. TWTFelipe and I ended up speaking for nearly 30 minutes and we talked mostly about why his company was based in Canada and not the US. Felipe grew up in Brazil. So he decided to start his company in Canada. But I have some.

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How Addroid Is Hoping To Solve The Ad Industry's Flash Problem, with Matt Cooper

socalTECH

I started a company, Neoganda, in the digital advertising area in 2005. We were in the trenches, with our sleeves rolled up, building these things, and we had the epiphany that this was not going to last. Since the iPhone in 2007, we are seeing that mobile is taking over, and what we were doing was not as relevant.

Hollywood 100
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Phonevite Lands In LA

socalTECH

Phonevite , a startup which operates a service that allows groups such as schools and clubs to make mass phone calls to many people at once, has quietly relocated to Los Angeles from Silicon Valley, according to the firm's CEO and co-founder, John Nahm. Both Nahm and Kim were at voice-over-IP firm Dialpad, which was acquired by Yahoo in 2005.

IP 100
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Want to Raise Venture Capital More Easily? Clean Up Your Own Shite First

Both Sides of the Table

Clean up your own shite. Many companies that are raising B or C venture capital rounds right now raised their initial money in 2005-2008. It’s a bit like if you bought a $1 million home in 2007 and want to sell it for $1 million today. Another is slightly worse but priced at $700k and was bought in 2007 for $1 million.