Berkonomics

FEBRUARY 3, 2022

First, the implied promise: Taking money from professional investors such as angels or VCs usually requires that you agree to seek an exit for those investors in your plan, often targeting five to seven years as the ideal period for growth before a liquidity event. What if you later decide to just keep control?

Equity 156

Equity Course Sales Invest 156

Startup Professionals Musings

OCTOBER 19, 2022

Even if you ignore all the hype around crowdfunding, there can be no doubt that it is a real alternative for entrepreneurs to achieve visibility and funding today. With this model, a startup pre-sells their product early, at a cheaper price, in exchange for a pledge. Startup equity model. Product pre-order model.

Funding 141

Funding Startup Outsource Development Satisfaction 141

Both Sides of the Table

SEPTEMBER 8, 2012

If you were on Twitter on Saturday you might have noticed a lively discussion with Dave McClure, Fred Wilson, Chris Dixon and myself. Luckily there are tools like Storify – so you can actually see a synopsis here. I recently wrote about my views that startups rounds should be priced. So you need an anchor.

Pricing 294

Pricing Venture Capital Writing Equity 294

Startup Professionals Musings

OCTOBER 7, 2022

One of the big questions that every entrepreneur struggles with is how much funding they should request from investors in the first round. Both of these will brand you as an amateur to avoid, rather than a savvy business person with an exciting new opportunity. What business milestones have you met?

Funding 121

Funding Startup Equity Invest 121

Both Sides of the Table

SEPTEMBER 18, 2014

On the phone … Me: So, you raised venture capital? Me: At what price? Him: It wasn’t priced. So you did raise with a price. It’s just a maximum price. You’ll find out the minimum when the next round is raised. You’ll find out the minimum when the next round is raised.

Venture Capital 417

Venture Capital Capital Pricing Doc 417

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. Especially if you are a first-time business owner, the payback for this initiative is well worth the effort and cost. The cost of a co-founder is usually fifty percent of your equity.

Startup 142

Startup Technical Review Equity Entrepreneur 142

Startup Professionals Musings

SEPTEMBER 13, 2022

My first advice for new entrepreneurs is to pick a domain, such as online web sites and smart phone apps, that doesn’t have the sky-high up-front development costs. For the rest of us, the following suggestions will help you survive the valley of death: Accumulate some resources before you start.

Startup 136

Startup Technical Review Equity Incubator 136

InfoChachkie

FEBRUARY 25, 2013

Someone on Quora recently asked me to answer the following question: Why Do Digital Entrepreneurs Hate MBAs? Tech entrepreneurs' consternation with MBAs does not rise to the level of loathing. If you haven't already subscribed yet, subscribe now for free weekly Infochachkie articles!

Entrepreneur 279

Entrepreneur Technical Review Case Study Class 279

Both Sides of the Table

MAY 30, 2015

I’m so tired of seeing young entrepreneurs get screwed by their angel investors on convertible notes and I know I can’t convince you not to do it so I’d like to offer one simple bit of advice to help you avoid getting screwed (at least on one part of your note). It’s the silent screwing that stings.

Entrepreneur 150

Entrepreneur Pricing Venture Capital Angel 150

Berkonomics

JANUARY 6, 2022

First, the marginal exit event: Sometimes the end game or sale of the company is not a happy event for the early investors, including the entrepreneur or the founders. Promissory notes come before any equity, and most late equity investments come before early equity investments, even of the same class of security.

Venture Capital 156

Venture Capital Sales Pricing Equity 156

Berkonomics

JUNE 8, 2017

For you who fit that description, nice work. It might be useful to list some of the ways in which you can raise money for growth with and without outside investors. You will realize much more from the ultimate sale of your business even if at a considerably lower price than if splitting the proceeds with investors.

Venture Capital 266

Venture Capital Class Invest Equity 266

Startup Professionals Musings

FEBRUARY 5, 2021

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping.

Startup 147

Startup Pricing Sales Statistics 147

Startup Professionals Musings

MAY 30, 2022

Early-stage entrepreneurs rightly keep their focus on creating an innovative product or service. That’s where I see too much entrepreneur burnout, growth plateaus, and founders being replaced, to their chagrin. Of course, not every entrepreneur wants to tackle this challenge. There is no free lunch.

Sales 147

Sales Metrics Guide Startup 147

Berkonomics

SEPTEMBER 24, 2020

My immediate family members were entrepreneurs from as far back as I can trace. So, it seemed perfectly natural that my brother and I find our separate callings as entrepreneurs from the very start. The price for the franchise in 1953 was $50,000. Now, how about you? Are you a DNA-based entrepreneur?

Press 156

Press Entrepreneur Training Equity 156

Both Sides of the Table

SEPTEMBER 5, 2012

This time by the efforts of Adeo Ressi to introduce a new kind of structure called “ convertible equity.” My initial reaction to Adeo when we spoke was that while it may have solved some issues (debt versus equity) it didn’t solve the ones that I’ve been warning entrepreneurs about most loudly.

Startup 354

Startup Pricing Equity Venture Capital 354

Startup Professionals Musings

AUGUST 21, 2021

When you see startups like SpaceX and Pinterest grow from a low valuation to a billion dollars in just a few years, it’s easy to assume that if you just keep doing what you are doing, you can get there as well. Of course, that means a mindset willing to give up much more equity, and taking on a whole new level of risk.

Startup 151

Startup Course Sales Entrepreneur 151

Startup Professionals Musings

OCTOBER 6, 2023

For the elite startups and entrepreneurs who manage to attract the investor they dream of, and survive the term sheet negotiation, there is still one more hurdle before the money is in the bank. If everyone has a different view of reality, you have no reality. Make sure all business processes are documented and integrated.

Technical Review 118

Technical Review Startup Satisfaction Invest 118

Startup Professionals Musings

JANUARY 4, 2020

One of the big questions that every entrepreneur struggles with is how much funding they should request from investors in the first round. Both of these will brand you as an amateur to avoid, rather than a savvy business person with an exciting new opportunity. What business milestones have you met?

Startup 135

Startup Equity Invest Funding 135

Startup Professionals Musings

APRIL 4, 2022

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. For the rest of us, the following suggestions will help you survive the valley of death: Accumulate some resources before you start. Set expectations accordingly.

Tips 104

Tips Startup Technical Review Equity 104

Both Sides of the Table

NOVEMBER 19, 2009

.&# ) I believe that being successful as an entrepreneur requires you to get lots of things done. You are constantly faced with decisions and there is always incomplete information. Entrepreneurs make fast decisions and move forward knowing that at best 70% of their decisions are going to be right.

Entrepreneur 414

Entrepreneur Technical Review Slides CTO Coach 414

Startup Professionals Musings

JULY 14, 2023

As the business economy is rebounding from the pandemic, many entrepreneurs are thinking that life will soon get easier, and their opportunity can only grow. These plans just list a few key competitors out there now, compare feature richness, quality considerations, and pricing. If you new vehicle costs too much, people take the bus.

Competition 88

Competition Startup Framework Pricing 88

Berkonomics

APRIL 24, 2014

Often I see executive summaries from entrepreneurs who have never managed any form of business, or even managed employees in their past life, and who don’t know the first thing about business formation and managing for growth. Are you a candidate for an accelerator? Raising money Surrounding yourself with talent'

Coach 250

Coach Seed Funding Summary Incubator 250

Startup Professionals Musings

MARCH 25, 2019

A key skill that many of you don’t appreciate is the ability to effectively manage the negotiations that come with every business. For example, one of the first decisions that most of you entrepreneurs face is how much equity to give to early investors, co-founders, and key new hires.

Entrepreneur 96

Entrepreneur Pricing Startup Demand 96

Startup Professionals Musings

OCTOBER 24, 2020

As the business economy is expected to rebound from the pandemic, many entrepreneurs are thinking that life will soon get easier, and their opportunity can only grow. These plans just list a few key competitors out there now, compare feature richness, quality considerations, and pricing. Way back in 1979, Michael E.

Competition 151

Competition Startup Framework Pricing 151

Startup Professionals Musings

MAY 1, 2021

Aspiring entrepreneurs ask me why their great idea hasn’t sold; they talk about it endlessly, and they expect others to do the development, finance, and marketing work for them. Those at the other extreme don’t look up from the grindstone long enough to notice whether all their work is producing sweat equity or just sweat.

Startup 160

Startup Patents Competition Social Network 160

Startup Professionals Musings

NOVEMBER 13, 2021

If you are an aspiring entrepreneur, or an existing business, and haven’t yet sized any of these opportunities, you may be already late to the game. With US student debt at over one trillion dollars, startups like Skillshare and Udemy provide top-class vocational training for the price of a Harvard hoodie. Restaurants.

Resource 126

Resource Commerce Social Media Platform 126

Startup Professionals Musings

JANUARY 4, 2015

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping.

Entrepreneur 102

Entrepreneur Startup Pricing Sales 102

Startup Professionals Musings

DECEMBER 6, 2019

My first advice for new entrepreneurs is to pick a domain, such as online web sites and smart phone apps, that doesn’t have the sky-high up-front development costs. For the rest of us, the following suggestions will help you survive the valley of death: Accumulate some resources before you start.

Startup 128

Startup Technical Review Equity Incubator 128

TechCrunch LA

MAY 20, 2021

Eano, she said, offers competitive and transparent pricing so that homeowners aren’t surprised as a remodeling project goes on. We invest in people, and when you can find extremely talented entrepreneurs who have built successful companies and still have the hunger to win, you jump in with a blank check,” he said. “We

Technical Review 185

Technical Review Startup Venture Capital Software Review 185

TechCrunch LA

DECEMBER 17, 2020

While the business didn’t work out, it put the budding young entrepreneur (and college dropout) on a path that would lead him to launch the Los Angeles-based startup Bambee , a company that lets small businesses give their employees access to the same kinds of human resources services that large companies have.

Services 281

Services Resource Santa Monica Los Angeles 281

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. If you don’t believe in your bones that you’re amazing then it’s no wonder you don’t want to sell them on making the investment.”

Venture Capital 332

Venture Capital Funding Startup Sales 332

Startup Professionals Musings

JULY 14, 2014

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. For the rest of us, the following suggestions will help you survive the valley of death: Accumulate some resources before you start. Set expectations accordingly.

Entrepreneur 113

Entrepreneur Funding Startup Technical Review 113

Startup Professionals Musings

JUNE 12, 2015

Every investor in your startup, even friends and family, normally expects a share of your company (equity), which means your return for all your effort goes down quickly. The indirect costs of time and effort to find the right grant, complete the application and manage the process, even if you win, can be substantial.

Pricing 100

Pricing Equity Technical Review Research 100

InfoChachkie

JUNE 27, 2011

I recently answered the question “ What are good ways to raise your children to be entrepreneurs? ” I believe that you cannot teach someone to be an entrepreneur, but that you can teach entrepreneurs. If you haven’t already subscribed yet, subscribe now for free weekly Infochachkie articles!

Entrepreneur 270

Entrepreneur Startup Venture Capital Resource 270

TechCrunch LA

MAY 12, 2020

Mogul Millennial : a media startup sharing professional resources for Black entrepreneurs. “If you look up and down the class, all the founders aren’t just taking after an opportunity, but personally are on a mission to solve a particular problem,” Su says. Nuggetverse : a web comics media startup. ”

Invest 237

Invest Startup Artificial Inteligence Class 237

Startup Professionals Musings

JULY 8, 2015

My first advice for new entrepreneurs is to pick a domain, such as online web sites and smart phone apps, that doesn’t have the sky-high up-front development costs. For the rest of us, the following suggestions will help you survive the valley of death: Accumulate some resources before you start.

Entrepreneur 105

Entrepreneur Startup Technical Review Equity 105

Startup Professionals Musings

NOVEMBER 4, 2022

Yet every entrepreneur I meet wants to talk about the idea, and rarely mentions the team. Thus I was happily surprised when I found the classic book, “ The Tech Entrepreneur’s Survival Guide ,” by Bernd Schoner, PhD, and cofounder of ThingMagic, which leans heavily on the people side of the equation. The industry veteran.

Technical Advisors 123

Technical Advisors Startup Outsource Development High Tech 123