TechCrunch LA

SEPTEMBER 13, 2021

But today a startup that’s tackling a different aspect of the market — addressing the supply chain that subsequently turns the wheels of the bigger food distribution machine — is announcing a big round of funding as it continues to grow. The funding is coming from a wide mix of investors. and Canada.

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Startup Platform Software Los Angeles 249

TechCrunch LA

DECEMBER 8, 2020

Today, a startup that is doing this in the specific area of distressed property is announcing a round of growth funding to ramp up its team and expand its business. The funding is being led by QED Investors; Founders Fund, Susa Ventures, Navitas Capital, and Prudence Holdings also participated.

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Sales Demand San Diego Funding 282

TechCrunch LA

MARCH 20, 2019

Postmates is launching a new feature called Postmates Party that lets customers within the same neighborhood pool their orders. In return, these customers get the food delivered for free, eliminating a major pinch point for potential Postmates users. cities in which it currently operates. billion valuation.

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Orange County Long Beach San Diego Los Angeles 200

Startup Professionals Musings

DECEMBER 17, 2022

Every entrepreneur thinks he can relax a bit after his business model is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve. Initially, all companies sell to customers who are the easiest to reach and most excited about the new product. Prices begin to decline quickly.

Startup 106

Startup Pricing Cloud Computing Customer 106

Startup Professionals Musings

MAY 29, 2023

In my view, this focus on the wrong skill set is the primary reason why over half of new businesses fail in the first five years, and only one out of a hundred startups get their requested funding from professional investors. Diagnosing and understanding the customer problem. Value is far more than cost versus price.

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Startup Sales Entrepreneur Customer 154

Startup Professionals Musings

OCTOBER 16, 2023

External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping. Projecting financials is a natural extension of the homework every entrepreneur needs to do on customer opportunity size, product costs, pricing, competition and customer value. Forecast sales-volume expectations.

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Startup Pricing Sales Statistics 116

TechCrunch LA

AUGUST 11, 2021

Linktree has been around since 2016 and has more funding than its up-and-coming competitors. So, in February 2020, with little to no funding left, the company completely pivoted to its current link-in-bio business. Now, Snipfeed enters the ring with its own $5.5 ’ ” Image Credits: Snipfeed. Image Credits: Snipfeed.

Platform 286

Platform Commerce Startup Tool 286

Both Sides of the Table

MAY 13, 2018

The most important advice I could give you before you set out in fund raising mode is to understand that fund-raising a sales & marketing process and needs to be managed. People who believe the former believe that you should see the market demand before too many people know you’re “in market.” Why 8–10 and not just 3–4?

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Startup Professionals Musings

MARCH 20, 2020

Every entrepreneur thinks he can relax a bit after his business model is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve. Initially, all companies sell to customers who are the easiest to reach and most excited about the new product. Prices begin to decline quickly.

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Pricing Cloud Computing Customer Custom 123

TechCrunch LA

JUNE 18, 2022

This week, we saw the interconnectedness of major institutions as crypto lending protocol Celsius stuttered and brought down Ethereum prices with it as investors feared a price collapse brought on by reportedly over-leveraged players like 3 Arrows Capital. As Celsius accelerates the crypto sell-off, who pays the price?

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Newsletter Platform Capital Marketing 278

Tech.Co

DECEMBER 29, 2023

As investors continue pouring funding into artificial intelligence and consumer habits shift, many AI and subscription model startups have been enjoying rapid growth. However, its unique-for-the-industry monthly subscription model has helped it maintain healthy profits from its loyal customer base in 2023. Runway AI user interface.

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Startup Generative AI Newsletter Tool 210

Both Sides of the Table

JANUARY 16, 2012

I now observes the fund raising process as a profession. This is the fund raising perspective from both sides of the table. Fund raising (as is much of life) is a sale – pure and simple. Every company is different so it’s hard to listen to advice from the uber-successful fund raisers. Executive Summary.

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Develop Development Funding Venture Capital 366

Both Sides of the Table

JUNE 28, 2018

While this reaction to such a valuation is understandable, to anybody who has seen the meteoric rise in consumer demand and actual revenue the valuation is much less surprising and may turn out to be quite conservative. This is why so many great LA funds like Upfront, Greycroft and B Capital Global have all backed Bird.

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Santa Monica Funding Startup Course 256

Tech.Co

OCTOBER 27, 2023

Who Owns Anthropic, and Who Funds It? An Intro to the Chatbot 8 Questions with Claude [Test] Claude Pricing & Tokens Explained Claude 2 and ChatGPT: Key Differences Should You Use Claude AI? Who Owns Anthropic, and Who Funds it? You'll also see how Claude differs from ChatGPT in key areas. What is Anthropic AI?

ChatGPT 139

ChatGPT Artificial Inteligence Training Startup 139

Both Sides of the Table

OCTOBER 1, 2009

It is also a result of pent-up demand. Consumer spending is 70% of the economy and will continue to be stretched – We can look all we want at tech innovation, VC funding cycles and hot M&A deals, but ultimately growth and therefore investment must be underpinned by revenue. Consumer spending will decrease.

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Venture Capital Startup Funding Technical Review 269

Startup Professionals Musings

FEBRUARY 8, 2021

In my experience as an angel investor for new startups, I’m always surprised by how many entrepreneurs are looking for funding without outside advisors. The sooner you face these issues, the more success you will garner from investors and customers. Board members provide inexpensive expertise.

Startup 142

Startup Technical Review Equity Entrepreneur 142

Startup Professionals Musings

SEPTEMBER 6, 2020

In my view, this focus on the wrong skill set is the primary reason why over half of new businesses fail in the first five years, and only one out of a hundred startups get their requested funding from professional investors. Diagnosing and understanding the customer problem. Value is far more than cost versus price.

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Entrepreneur Startup Sales Customer 134

Startup Professionals Musings

JUNE 22, 2016

If it’s so important to investors, perhaps you should be using traction to measure your own progress, independent of a need for additional funding. I like his set of action items, and have added a few of my own for measuring early traction leading to growth: Turn initial customer goals into measurable traction metrics.

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Metrics Funding Startup Customer 57

socalTECH

MAY 6, 2019

To fix that problem, Los Angeles-based Coozie (coozieoudoors.com) offers up a different optiona way to rent gear at a fraction of purchase price. We partner with premium outdoor brands, and rent equipment at 15 percent of the retail price. We allow them to get access to that gear at a fraction of that price. What do you do?

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Startup Los Angeles Pricing Demand 113

TechCrunch LA

MAY 19, 2020

These are companies like the recent Y Combinator graduates Homestead and Rent the Backyard and United Dwelling, which has just raised $10 million in funding from investors including Lightspeed Venture Partners and Alpha Edison. “[I] changed the price by 11 percent and walked that through and continued to move forward,” Dietz said.

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Los Angeles Startup Culver City .Net 191

Startup Professionals Musings

JANUARY 16, 2022

Most startups and investors I know don’t have unlimited funds, so the first question they should ask and do ask today, is “When is your company going to be profitable (self-sustaining)?” You might sell one of two of your widgets for $1 million each, entering profitability immediately, but then die because you can’t grow sales at that price.

Platform 118

Platform Snapchat Startup Course 118

socalTECH

MARCH 4, 2021

I think, now more than ever, Flippy meets the distinct challenges and can help our customers spur new growth. How did you go from running a venture fund to starting Miso? Buck Jordan: The story is, I was at the tail end of my last fund, Canyon Creek Capital, and I wanted to try something different. The demand is there.

Startup 113

Startup Venture Capital Capital Customer 113

socalTECH

MAY 2, 2011

In recent weeks, online ticketing has seen a surge in interest and funding. Los Angeles-based SaveFans (www.savefans.com) recently raised some funding for its take on secondary ticketing, so we thought we'd speak with founder Wes Brodsky about the company and where it's going. That's a completely inefficient way to price tickets.

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Ticketmaster Pricing Sales Activity 253

socalTECH

FEBRUARY 23, 2011

Pasadena-based Foodme (www.foodme.com) is one of the first, external startups funded out of Idealab's New Venture Group, and is looking to help connect restaurants with customers using a CPA model. We don't cannibalize their existing customers base. So, we can help them fill that table by allowing them to adjust their pricing.

Idealab 217

Idealab Pasadena Pasadena Angels Demand 217

Both Sides of the Table

JUNE 17, 2017

To grow faster businesses need resources in today to fund growth that may not come for 6 months to a year. They don’t want high burn rates but they will never fund slow growth. Do 20% of the customers make 80% of the revenue or do the top 3 customers represent 80% of the revenue. Is it one product line or multiple?

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Startup Venture Capital Sales Course 227

Startup Professionals Musings

APRIL 28, 2021

I recommend a trial run with an experiment or MVP (minimum viable product), at full price and cost, before the big bang launch, risking your investment money and a major time commitment. Look for validation from your mainstream customers. Growing too fast kills many new ventures, due to staffing costs, inventory, and funding delays.

Technical Review 131

Technical Review Case Study Mentor Software Review 131

Both Sides of the Table

DECEMBER 27, 2011

To grow faster businesses need resources in today’s financial period to fund growth that may not come for 6 months to a year. You have to understand whether they’re likely to yield revenue growth in the near term OR whether you have access to cheap enough capital to fund your losses until your investments pay off.

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Startup Venture Capital Sales Technical Review 418

Startup Professionals Musings

FEBRUARY 7, 2012

Too many entrepreneurs develop a new product without regard to market demand, then build an entire strategy based on creating a need, rather than acting on an existing market need. These don’t get funded. Here are a few thoughts on a process that will keep you on the right track: Get real customer input first.

Technology 91

Technology Funding Competition Entrepreneur 91

Both Sides of the Table

NOVEMBER 4, 2010

This is important because the customers they serve (the red line) demand a product that meets their complex requirements. So the startups tend to focus on totally new customers. Often the startups are actually serving a slightly different kind of customer or a slightly different market need. Incumbents feel threatened.

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Startup Framework Marketing Customer 376

Both Sides of the Table

FEBRUARY 28, 2018

If a consumer will pay a fixed price for a product or service then the battle over who gets the margin in any sale is between the person who merchandises a product and the person who manufactures it. Ariel understood her customer?—?the This is an age-old marketplace tension where leverage often determines the value captured.

Product 296

Product Course Customer Custom 296

Both Sides of the Table

MAY 1, 2014

It’s the company that evokes fear into more startups and venture capitalists looking to fund eCommerce businesses than any other potential competitor. ” This laughable customer experience is practically parodied in real life by the popular reality TV show, “ Storage Wars.” And could we then compete?”

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Technical Review Software Review CTO Hire Startup 380

Startup Professionals Musings

NOVEMBER 1, 2015

Every entrepreneur thinks he can relax a bit after his business model is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve. Initially, all companies sell to customers who are the easiest to reach and most excited about the new product. Prices begin to decline quickly.

Startup 116

Startup Pricing Cloud Computing Customer 116

Both Sides of the Table

SEPTEMBER 5, 2012

When convertible debt first started being introduced as a “faster, cheaper way to get startups funded” they didn’t have pricing built into them. ” And some seed stage investors told me, “I prefer not to fight over price now. .” They’ll get priced soon enough by a VC.”

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Startup Pricing Equity Venture Capital 354

Tech.Co

JANUARY 3, 2022

SoLo Funds. As for their business model, Grifin doesn't rely on any kind of monthly fee from their customers. Jeenie is looking to fix this problem by supplying language interpreters on demand. They're selling 3D printers, but not at the outrageous prices that they used to be known for. If they spend $23.95

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Startup Invest FAQ Examples 200

Startup Professionals Musings

JUNE 16, 2021

He seemed to know his customer's needs, and was passionate about meeting those needs. There were product development problems, pricing problems, and early customers who demanded more features and delayed contractual payments. In the beginning, we all found our startup founder to be dynamic, driven, and decisive.

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Startup Ideas Organization Report 114

socalTECH

OCTOBER 26, 2015

Los Angeles is the capital of on-demand apps, for just about anything you want. One of those areas that combines LA's passion for on-demand apps, and its active lifestyle, is Fitspot (www.fitspotapp.com), which brings athletic trainers to you or your local fitness center. Ninety percent of our customers are on packages.

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Training Startup Orange County Malibu 100

Startup Professionals Musings

AUGUST 7, 2020

In the short term you need customers to find you at any price, and in the longer term you need revenue, profit, and return loyalty. Although his focus is naturally on bigger companies, I contend that his recommended strategies apply equally well to entrepreneurs and startups: Demand a mindset of deep thinking for the long term.

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Technical Review Layoffs Social Media Metrics 124