Startup Professionals Musings

SEPTEMBER 25, 2023

Yet surprisingly, according to statistics on the Fundable crowdfunding site, friends and family are the major funding source for entrepreneurs, investing over $60 billion in new ventures per year, almost triple the amount coming from venture capital sources. Their logic is that if your family won’t invest in you, then why should they?

Startup 109

Startup Funding Equity Invest 109

Startup Professionals Musings

NOVEMBER 22, 2020

They don’t realize that according to statistics from Startup.co , almost 60 percent are funded with personal savings and credit, and another 25 percent get their money from friends and family. Identify customer executives who need your solution. Industry leaders are a prime source of leads to companies and individuals that may invest.

Funding 173

Funding Tips Startup Statistics 173

socalTECH

SEPTEMBER 16, 2019

Deckard Technologies says it uses real estate data, using data analytics, machine learning and advanced statistical analysis to identify where there might be unpaid property taxes.

Artificial Inteligence 153

Artificial Inteligence Software Technology Riverside 153

Startup Professionals Musings

OCTOBER 21, 2022

Yet according to other statistics, vanishing few of these ever generate a significant profit. The ideal business model is to establish a direct-to-consumer service that enables you to bill the customer directly. Just getting an app accepted into the Store won’t get it found and downloaded by your targeted customers.

Develop 138

Develop Development Platform Mobile 138

Startup Professionals Musings

AUGUST 25, 2023

To keep you out of this statistic, I recommend the following steps to all aspiring business owners as they step into this new and exciting world of managing your own business: Solidify your funding plan before you start spending. These are necessary to attract customers, investors, and give you a line of defense with competitors.

Social Media 98

Social Media Metrics Media Tool 98

Startup Professionals Musings

FEBRUARY 25, 2023

The answer you give can make or break your ability to get an investment, so you need to have the right answer ready before anyone asks. Here are three important reasons for the question: Good investment paybacks normally require an exit event. Equity investments are not loans, so there is no loan payback period or interest payments.

Technical Review 105

Technical Review Equity Invest Startup 105

Startup Professionals Musings

FEBRUARY 5, 2021

If you don’t have a destination, don’t waste your money trying to get there, and don’t expect anyone to support you along the way 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. Marty Zwilling.

Startup 147

Startup Pricing Sales Statistics 147

Tech.Co

DECEMBER 4, 2020

Under Hsieh’s leadership, Zappos revolutionized the apparel industry, and e-commerce in general, by being one of the first to prioritize customer satisfaction and service. To build trust in e-commerce with the greater public, his company came up with innovative ideas and fostered new customer behaviors.

Commerce 207

Commerce Statistics Customer Custom 207

Startup Professionals Musings

JANUARY 11, 2021

Yet surprisingly, according to statistics on the Fundable crowdfunding site, friends and family are the major funding source for entrepreneurs, investing over $60 billion in new ventures per year, almost triple the amount coming from venture capital sources. Their logic is that if your family won’t invest in you, then why should they?

Funding 138

Funding Startup Equity Invest 138

Both Sides of the Table

OCTOBER 17, 2019

At Upfront, our partners have been fortunate enough to be part of 18 companies that have reached north of $1 billion and the average tenure of an investment that exits at this scale is more than 10 years. We have invested in every round and as a result our ownership has actually gone up over time. Over the past 2.5

Venture Capital 223

Venture Capital IP Startup Google 223

Berkonomics

AUGUST 1, 2013

The old measures, including return on investment, percentage of profit against revenue or employee count, and more, obviously are still relevant. But businesses that expose their story to tens of millions of potential customers through the Internet need additional tools. CHURN (% customer cancelling each month).

Acquisition 189

Acquisition Statistics Sales Customer 189

socalTECH

AUGUST 26, 2010

San Diego-based IntraStage , a developer of quality management software for companies who design and manufacture electronic products, including statistical process control (SPC) and other testing and data analytics tools, has raised a round of angel funding. According to the firm, it raised a Series A investment led by the Tech Coast Angels.

Angel 140

Angel Tech Coast Angels Funding CIO 140

Startup Professionals Musings

AUGUST 19, 2022

Bigger organizations should invest in the new “big data” tools. It’s the same for customers and products, where analytics have long proven their value. Efficiency in the workplace is the time it takes to do something, but it can ignore work quality and customer impact. Working on the wrong problem or assumption.

Tool 121

Tool Statistics Entrepreneur Metrics 121

Startup Professionals Musings

JANUARY 9, 2022

Start by reviewing current statistics, like the recent Social Media Marketing Benchmark Report 2022 , to learn which social media sites are most popular, which features drive the most impact today, and how other social media marketers have maximized their efforts and seen the greatest ROI. Measuring is all about return-on-investment (ROI).

Social Media 135

Social Media Framework Media Metrics 135

Startup Professionals Musings

AUGUST 18, 2023

Historical and current statistics still show the chances of failure on any given startup are better than even. When you are starting a new venture, raising capital, and landing those initial customers, the obstacles keep coming, so you need all the flexibility and resilience you can muster.

Startup 102

Startup Satisfaction Entrepreneur News 102

Startup Professionals Musings

MAY 25, 2020

The answer you give can make or break your ability to get an investment, so you need to have the right answer ready before anyone asks. Here are three important reasons for the question: Good investment paybacks normally require an exit event. Equity investments are not loans, so there is no loan payback period or interest payments.

Startup 150

Startup Technical Review Equity Statistics 150

Berkonomics

SEPTEMBER 19, 2019

If so, is it one critical customer or a trend? Is it time to focus more resources upon collections, credit research, or even time to “fire some customers” who continually break your rules or take up too much of your resources? A missed cash discount by your accounting department probably means that cash flow is getting tighter.

News 120

News Statistics Resource Sales 120

Startup Professionals Musings

MAY 6, 2020

For example, Lyft and Uber were able to capitalize on the current ride-sharing trend worldwide by tracking statistics that indicated reduced interest in car ownership by millennials, lack of parking spaces, and auto ownership costs moving up rapidly. Focus on agility as the key skill your organization needs.

Startup 124

Startup Customer Custom Statistics 124

Startup Professionals Musings

JANUARY 24, 2020

Yet according to other statistics, vanishing few of these ever generate a significant profit. The ideal business model is to establish a direct-to-consumer service that enables you to bill the customer directly. Just getting an app accepted into the Store won’t get it found and downloaded by your targeted customers.

Mobile 126

Mobile Develop Development Platform 126

Startup Professionals Musings

AUGUST 30, 2021

You will be controlled by your customers, investors, lenders – and you are personally responsible for answering to all of them, all of the time. Statistics say that the failure rate for new businesses within the first 5 years is as high as 90 percent. Say hello to multiple new bosses. Evaluate how well you work with others.

Entrepreneur 169

Entrepreneur Startup Statistics Guide 169

Startup Professionals Musings

DECEMBER 18, 2022

If you haven’t yet finalized the business model, cost projections, and customer segments, you aren’t ready for investors. Investors invest in the jockey, more than the horse. We all know how to get friends and peers to pump up our story online, but investors want to see feedback from paying customers.

Technical Review 109

Technical Review Startup Statistics Social Media 109

Startup Professionals Musings

JUNE 4, 2021

What most people don’t realize is, according to recent statistics , despite top positioning, only a quarter of sites selected comes from paid search. It pays only if a customer clicks through AND takes a further action (conversion), such as buying a product or filling out a web form. Cost per action (CPA).

PPC 154

PPC SEO Paid Search Search Engine Optimization 154

Startup Professionals Musings

NOVEMBER 30, 2020

Historical and current statistics still show the chances of failure on any given startup are better than even. When you are starting a new venture, raising capital, and landing those initial customers, the obstacles keep coming, so you need all the flexibility and resilience you can muster.

Startup 128

Startup Entrepreneur Satisfaction News 128

Startup Professionals Musings

FEBRUARY 19, 2018

As an advisor to young entrepreneurs, I find that many are a bit naïve about how the investment process really works. Even with that, you should expect your first seed investment from friends, family, or business associates, who know your capabilities and believe in you more than the idea. This shows respect and professionalism.

Tips 86

Tips Funding Startup Entrepreneur 86

Berkonomics

OCTOBER 25, 2012

If so, is it one critical customer or a trend? Is it time to focus more resources upon collections, credit research, or even time to “fire some customers” who continually break your rules or take up too much of your resources? A missed cash discount by your accounting department probably means that cash flow is getting tighter.

News 166

News Statistics Resource Sales 166

Startup Professionals Musings

MARCH 21, 2020

If you haven’t yet finalized the business model, cost projections, and customer segments, you aren’t ready for investors. Investors invest in the jockey, more than the horse. We all know how to get friends and peers to pump up our story online, but investors want to see feedback from paying customers.

Technical Review 124

Technical Review Statistics Startup Social Media 124

Startup Professionals Musings

OCTOBER 5, 2015

Asking for early-stage money before you have customers and revenue will likely kill your credibility with real investors. Seed-stage, meanwhil e, is technically that critical period when you need funding to do solution- and business-model development, to prove that your new product or service works, before you try to sell it to customers.

Funding 104

Funding Venture Capital Startup Seed Funding 104

Startup Professionals Musings

SEPTEMBER 26, 2018

Of course, you might be able to pay yourself a salary from the investment, but this will be minimal and critically watched. Historical and current statistics still show the chances of failure on any given idea are better than even. Be able to learn from failure without embarrassment.

Startup 153

Startup Entrepreneur Ideas Statistics 153

Startup Professionals Musings

NOVEMBER 15, 2019

Bigger organizations should invest in the new “big data” tools. It’s the same for customers and products, where analytics have long proven their value. Efficiency in the workplace is the time it takes to do something, but it can ignore work quality and customer impact. Working on the wrong problem or assumption.

Metrics 98

Metrics Tool Statistics Entrepreneur 98

Startup Professionals Musings

JUNE 1, 2015

Yet surprisingly, according to statistics on the Fundable crowdfunding site, friends and family are the major funding source for all entrepreneurs, investing over $60 billion in new ventures last year, almost triple the amount coming from venture capital sources. Let people see your own investment and commitment.

Entrepreneur 106

Entrepreneur Startup Equity Invest 106

Startup Professionals Musings

JANUARY 4, 2015

If you don’t have a destination, don’t waste your money trying to get there, and don’t expect anyone to support you along the way 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.

Entrepreneur 102

Entrepreneur Startup Pricing Sales 102

Startup Professionals Musings

AUGUST 17, 2018

Contrary to popular opinion, viral marketing has not eliminated the need for old-fashioned lead generation to bring customers to a startup. Display ads on mobile devices, including video and audio, also offer a new opportunity to reach target customers. One of these experts, David T. Display advertising. Email marketing. Cold calling.

Social Media 55

Social Media SEM Startup Advertising 55

Startup Professionals Musings

MAY 13, 2016

They don’t realize that according to statistics from Startup.co , almost 60 percent are funded with personal savings and credit, and another 25 percent get their money from friends and family. Identify customer executives who need your solution. Industry leaders are a prime source of leads to companies and individuals that may invest.

Startup 61

Startup Entrepreneur Statistics Funding 61

Startup Professionals Musings

OCTOBER 9, 2015

Yet according to other statistics, vanishing few of these ever generate a significant profit. The ideal business model is to establish a direct-to-consumer service that enables you to bill the customer directly. Just getting an app accepted into the Store won’t get it found and downloaded by your targeted customers.

Startup 98

Startup Platform Pricing Netflix 98

Startup Professionals Musings

DECEMBER 11, 2017

From my perspective, projecting financial returns is part of the homework every business person needs to do in sizing customer opportunity, product costs, pricing, competition and customer value, before expending their own resources in a highly risky venture. Calculate cash-burn rate and investment timing.

Pricing 57

Pricing Startup Entrepreneur Invest 57

Both Sides of the Table

MAY 21, 2017

I was influenced heavily before my career even began because in my undergraduate work I took a ton of statistics classes that showed how easily we human brains fall prey to easy biases and slights of data and try to draw conclusions that don’t exist. Coming back with an empty chamber for the third battle is much worse than not coming back.

Venture Capital 182

Venture Capital Statistics Writing Report 182

Startup Professionals Musings

DECEMBER 17, 2013

Entrepreneurs have no trouble focusing on how to build a product, and the good ones know how to find and nurture those first critical customers. Sales is simply defined as income from customer purchases of goods and services, minus the cost associated with things like returned or undeliverable merchandise. Cost of customer acquisition.

Metrics 100

Metrics Technical Review Sales Customer 100