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Helping Startups Understand Salespeople & the Sales Culture

Both Sides of the Table

Most technology startups seem to be funded by product people or business people. My first startup was no different. Whenever I heard why we didn’t feel a sales process at an important customer was going well (or if we lost) I would get involved myself. Here’s what I learned in running my first startup.

Sales 382
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One of the Biggest Mistakes Enterprise Startups Make

Both Sides of the Table

The era of VCs investing in successful consumer Internet startups such as eBay led to a belief system that seemed to permeate many enterprise software startups that hiring sales or implementation people was a bad thing. If you’re an early-stage enterprise startup services revenue is exactly what you need.

Startup 403
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Is Going for Rapid Growth Always Good? Aren’t Startups So Much More?

Both Sides of the Table

I think I’ve read Paul Graham’s post on “ Startup = Growth ” three or four times now. And of course on Twitter I’ve seen the Tweets, ReTweets and superlatives on what a great post it is. Eventually a successful startup will grow into a big company. I talked about some of that here. Growth, again.

Startup 390
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This is How Startups “Level Up” After Raising Money

Both Sides of the Table

In a VC business when you raise additional capital you need to “level up” and act the round you are. Of course I’m not preaching crazy, irrational spend or having Kid Rock at your next company party. I’d say 20% of startups I see level-up early after their A round. Act your stage. But at what cost?

Startup 381
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Should Startups Care About Profitability?

Both Sides of the Table

There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!”

Startup 227
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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

I was reading Danielle Morrill’s blog post today on whether one’s “ Startup Burn Rate is Normal. I love how transparently Danielle lives her startup (& encourages other to join in) because it provides much needed transparency to other startups. Let’s set up a framework. Gross Burn vs. Net Burn.

Startup 383
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One of My Most Frequent Pieces of Advice: Be Politely Persistent

Both Sides of the Table

I often describe “chutzpah” as being able to skate right up to the line of acceptability without crossing over it. And being persistent I believe is the most important attribute for success in an entrepreneur (assuming of course that you have all the other requisite skills). It’s your job to persist.