article thumbnail

What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

But what IS the right amount of burn for a company? Let’s set up a framework. 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 I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

Startup 383
article thumbnail

How Startups Can Figure Out Sales: Amos Schwartzfarb, TechStars

socalTECH

Amos Schwartzfarb: I have been in and a part of early stage startup companies since the mid 90's, in San Francisco. I left HotJobs, and started another company, with Jake Winebaum, called Work.com, while he was running Business.com. Donnelly in 2007. How did you end up at Techstars Austin? That was four years ago.

Sales 113
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Interview with Paige Craig, Betterworks

socalTECH

Craig has recently uncloaked his stealth startup, BetterWorks (www.betterworks.com), focused on helping companies to manage and offer fringe benefits to their employees. What we're giving companies, is a platform to create, manage, and measure perks for all of their employees. Beyond that, it's really about real time recognition.

Startup 216
article thumbnail

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

Both Sides of the Table

By fund II (2007) he was able to raise $15 million (if you watch the video you’ll hear an interesting story of how he did this) and he had a proper fund. And importantly they play an important role in helping to introduce you to the right A-round VC based on your startup type.

article thumbnail

Interview with Michael Witz, Mob Science

socalTECH

Last week, the firm announced a funding round and a couple of key advisors, as the company looks to ramp its social gaming efforts and leverage a deal with Zynga. We spoke with CEO Michael Witz about the company. How did you start company? Tell us a little bit about Mob Science, games that you develop? How did that happen?

IP 217
article thumbnail

Interview with Bryan Biniak, Connected Travel

socalTECH

We caught up with founder and CEO Bryan Biniak to hear more about the company and what Connected Travel is doing. We had a new tablet we had developed back in 2007, and we were asked to come up with concepts to drive cellular usage. None of the companies we're working with are taking that consumer data and selling it.

article thumbnail

Startup CTO or Developer

SoCal CTO

I’ve been having discussions with several people recently about the role of the CTO (Chief Technology Officer) in very early stage companies. In December 2007, I described how I commonly take on an Acting CTO Role in a Start-up. I used an image from Roger Smith that describes the varying roles of a CTO as the company matures.