Remove consuming
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? 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 Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. Gross Burn vs. Net Burn.

Startup 383
article thumbnail

Launchpad LA – 10 Startup Companies to Watch

Both Sides of the Table

Thursday night was the unveiling of the newest batch of Launchpad LA companies. The VC’s & executives were then asked to make “commitments&# (in writing) to 3-5 of the companies that they felt they could make some sort of contribution to. Have a look at the companies below.

Company 276
Insiders

Sign Up for our Newsletter

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

article thumbnail

Insights: Ten reasons to start a company; ten reasons not to

socalTECH

Today's Insights and Opinions article comes from Megan Lisa Jones , an investment banker and investor, who says: yes, it's a bubble, and gives her top ten reason to start a company, and ten reasons not to. Rich valuations and venture capitalists throwing money at early stage companies. So not 2009. Are we seeing a bubble?

Company 150
article thumbnail

ScoreBig.com Names Goldberg CEO

socalTECH

Los Angeles-based online live entertainment marketplace ScoreBig.com has promoted David Goldberg to CEO, and shifted co-founder and CEO Adam Kanner to the role of executive Chairman, the company said Thursday afternoon. The company said it had 600% revenue growth in 2012. ScoreBig is venture backed by Bain Capital Ventures, U.S.

article thumbnail

ReachLocal Loses CEO, Founder

socalTECH

In a huge shift, Zorik Gordon , the CEO and founder of Woodland Hills-based ReachLocal , has resigned, the company said this morning, and the company has launched a search for a new CEO. In the meantime, the company said that Chairman David Carlick has been appointed interim CEO. READ MORE>>.

article thumbnail

Kingston Technology Hits $6.5 Billion In Revenues

socalTECH

The firm said the amount is the highest ever in company history, and was a $2.4 billion increase in its sales over 2009. The company is privately held, and was founded by John Tu and David Sun. Kingston said demand from both corporate customers and consumers was strong. READ MORE>>.

article thumbnail

2010 VC Funding Outlook for Startups – Prepare for Winter (Part 3/3)

Both Sides of the Table

In the first post in this three part series I described why I believe the VC market froze between September 2008 – April 2009. This is tied to having consumers who feel confident enough to spend. Consumer spending is where I’m dubious. Unemployment continues to rise – Unemployment as of September 2009 is 9.7%