Both Sides of the Table
DECEMBER 11, 2022
And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics. In those years I learned to properly build product, price products, sell products and serve customers. So now our collective companies are worth less. It’s just not me.
Both Sides of the Table
SEPTEMBER 18, 2014
Me: At what price? Him: It wasn’t priced. So you did raise with a price. It’s just a maximum price. Him: But when I raised my first round we didn’t know how to price the company. There were no metrics. How will you price the next round? Him: On metrics. We raised a seed round.
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Both Sides of the Table
SEPTEMBER 10, 2021
On the other hand, the biggest winners will turn out to be much larger than the prices people paid for them and this will happen faster than at any time in human history. However, to be a great VC you have to hold two conflicting ideas in your head at the same time. Investments in the intersection of data, technology and biology.
Startup Professionals Musings
MAY 30, 2022
They need a large infusion from venture capitalists, private equity, bank loans, or mezzanine financing. Managing business growth is more than metrics. You can hire the best salespeople, have great products and define good metrics, but without decisive and innovative managers, the sales organization will not reach its full potential.
SoCal CTO
FEBRUARY 13, 2013
Once you build it, they will now ask you about the key metrics that they need proven in order to see if you really are a good investment. The real reason to build an MVP is to do early tests of key Startup Metrics for the business. " Once you have the metrics defined, it focuses your effort. To prove/disprove a hypothesis.
Startup Professionals Musings
OCTOBER 20, 2023
For example, consider Whole Foods , whose focus on healthy foods and a sustainable environment is legendary, even though their prices are often a bit higher. These advisors need a stake in your success, like a monthly stipend, or an equity share of the business. Put operational systems and metrics in place early.
Startup Professionals Musings
AUGUST 21, 2021
Of course, that means a mindset willing to give up much more equity, and taking on a whole new level of risk. Explosive growth to an enterprise normally requires a scalable sales model, a well-documented process with incentives, training, and metrics for tracking and management. Switch your focus from product development to sales.
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