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How to Make Sure Professional Services Don’t Take Over Your Software Company

Both Sides of the Table

deliver profitable revenue that while on gross margins of 50% vs. software at 85-95% it is still profits to help you cover fixed costs. You don’t want to run the risk that having a PS business that takes your eye of off the ball of growing a large software business. That is the software business. rollout support.

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WTF is Traction? A 6-Step Relationship Guide to VC

Both Sides of the Table

You’ve pitched several angels and VC’s. Your friends and advisers tell you that this means you need revenue because in this economy VC’s will only fund businesses with revenue. It is code word for “I’m not ready to invest for whatever reason … I need more proof.&#. They hire key staff.

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Interview with Mike Macadaan, Urbandig

socalTECH

I actually just got a chance to do this in Portland, and I got to test all of the content coming in from my Portland guides on Urbandig, which I thought was very empowering. There are lots of knowledgeable people that we find to write these guides--people who grew up there, and who are experts in the area. That's really empowering.

Guide 203
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What You Missed On Your Holiday Vacation, SoCal Technology Edition

socalTECH

In the latest roundup of fundings (big few weeks for San Diego, apparently): PatientSafe Solutions ($20M, San Diego, mobile health). Independa ($5M, San Diego, software for senior independence). Surf Air ($2.6M, Los Angeles, subscription aircraft service). It's a new year and it's time to get back to work.

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Interview with Bong Koh, LifeCrowd

socalTECH

Earlier this month, Los Angeles-based LifeCrowd (www.lifecrowd.com) unveiled its service to help connect people with real life activities. The firm is initially focusing on the Los Angeles market, and connecting people with fun, interesting classes, activities, and more in the local area. Bong Koh: We started at the end of April.

Startup 271
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13 Ecosystem Builders That Are Boosting Startup Growth

Tech.Co

Still though, when founders are seeking funding, “ 75 percent of the venture capital goes to three states: Massachusetts, New York, and California,” said Steve Case in an interview with Recode. Pipeline Angels (National Network). Their investor bootcamps help educate new investors about due diligence, valuation, and more.

Startup 140
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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

It’s what signals to existing investors how quickly their teams need to be fund raising and the level of risk the company is facing and also it signals to potentially new investors both how quickly you need to raise (ie you have less leverage if you’re in a rush) as well as how much cash you’ll need if they fund you.

Startup 383