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Don’t get hung up on early stage valuation.

Berkonomics

I can’t tell you how many times I’ve walked away from deals where the entrepreneur insists on a start-up pre-money valuation that is so high, no angel could expect to make a return upon the investment, even with a reasonable sales price for the company down the road. The post Don’t get hung up on early stage valuation.

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5 Strategies To Capitalize On Hard Times In Business

Startup Professionals Musings

But the insights I see from her book and elsewhere are equally applicable to startup founders of all ages, and businesses of all ages. It's far less expensive to nail down repeat business from your existing customers than it is to land new ones. Viral marketing campaigns to lure new customers will cost you big money.

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How TaskUs Is Powering LA's Technology Startup Boom

socalTECH

Los Angeles has been in the midst of a technology boom over the last few years, with many of high profile startups growing in the area. We spoke with Bryce Maddock , founder of TaskUs, about the company and how it has been providing the manpower behind a lot of LA''s technology startups. So, what is TaskUs?

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Looking At Startups By The Rules Of Natural Selection

Startup Professionals Musings

The bad news is that it’s still a jungle fight for survival for entrepreneurs of all ages and demographics, with over 80 percent not having access to bank loans or venture capital. In this context, it’s time for every business, not only startups, to take a fresh look at the basics of business success. If you want to be feared.

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eTailPet Finds $800K Seed Funding

socalTECH

Los Angeles-based eTailPet , a new startup which helps pet store owners create online e-commerce sites, has received a round of seed funding, the company said this week. The seed funding was worth $800K, and led by Moonshots Capital, and also included individual angels from the pet industry. READ MORE>>.

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Welcome To The New Wave Of Opportunities And Startups

Startup Professionals Musings

My friends who “grew up” with lifetime careers in General Motors, Exxon Mobil, or even IBM, are now often too embarrassed to even mention it. Having only a large capital base and distribution channels, with no innovation, is not a sustainable business model. Outsourcing and manufacturing “offshore” have become the norm.

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7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Start with a service you know and love. The customer experience is more than the service.

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