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Praying to the God of Valuation

Both Sides of the Table

There were startups and a software industry but barely. And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics. There was no money train. It was 1991. We still loved every moment.

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8 Keys To Migration From A Consultant To A Freelancer

Startup Professionals Musings

Adopt a project-based revenue model with metrics. Many consultants have been hard to contact between scheduled meetings, due to their use of formal communication processes. If your customer’s dress code or decision process is informal, you should adapt yours to fit in, rather than continue to act and look like an outsider.

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Want to Get Rich? Listen to Your Customers Like These Founders……

Steve Reich

MindBodyOnline is a terrifically succesful SaaS company, based in San Luis Obispo, that provides scheduling and transactional software for Yoga studios, hair salons, and spas. MBO is very metrics driven, and their shareholder reports are dense with detailed, disciplined reporting that remind you that Rick is former Naval officer.

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Santa Monica’s Cornerstone OnDemand Launches New Products

LATechDigest

Santa Monica-based talent management software firm Cornerstone OnDemand announced the launch of its suite of people analytics products at its annual Convergence Conference. Cornerstone Planning.

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Choose Your VC Investor Carefully

Both Sides of the Table

Many years ago I worked at Andersen Consulting, originally developing software for large corporations and then as a strategy consultant. They’re easily impressed when you’re selected for TechCrunch50 but not easily engaged in a detailed discussion about your conversion metrics. Let me explain. But much good also came.

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Some Quick Things Every Founder Should Know

Both Sides of the Table

You get to have interesting conversations with founders and review business plans and then see how these businesses evolve over the years. " Revenue doesn't pay your bills, GM does  —  @msuster 2/ Founders obsess with revenue as a vanity metric. Some even grow "bad" revenue just to show growth.