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What Makes an Entrepreneur? Four Letters: JFDI

Both Sides of the Table

Good entrepreneurs can admit when their course of action was wrong and learn from it. I spent nearly a decade building software for large companies and then advising companies on the same. The technology team disagrees on direction and wants resolutions. Good entrepreneurs are wrong often. I said that was my point.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

This is why investors really like SaaS software companies where you have recurring revenue and your largest customer accounts for < 5% of your revenue and your renewals rates are > 90%. Many software companies have > 80% gross margins which is why they are more valuable than say traditional retailers or consumer product companies.

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Roping in the Legal Eagles

InfoChachkie

Yet, despite his exceptional courtroom theatrics, you would be foolhardy to hire good old Johnnie to review your software cross-licensing agreement. Your lawyer is a trusted advisor, but in the end, you run your business, your lawyer does not. If taking part-time evening courses is not possible, seek out an online curriculum.

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Frank Addantes FounderBlog: Startup 3.0: Internet advertising is good. No, it’s bad. Oh wait… it IS good!

Frank Addante

the Rubicon Project (Internet Advertising Technology) Status: Pre-Launch Visit the Rubicon Project Website Startup 5.0: StrongMail Systems (Digital Messsaging Infrastructure Software) Status: VC-backed (Sequoia Capital, Globespan and Evercore) Lesson: Trust your gut. the Rubicon Project The Journey Startup 6.0: Zondigo, Inc.