Both Sides of the Table
JANUARY 5, 2010
Partners in VC funds only wanted to fund entrepreneurs who had a certain percentage of their net worth tied up in their venture. It’s lost salary for a period of time. It’s lost salary for a period of time. Pay me half salary until the fund is closed. On half salary and my own moving expenses.
Both Sides of the Table
DECEMBER 27, 2011
If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. Gross Profit (also called Gross Margin or sometimes “Net Revenue”). They both raised angel / seed money of $1.5
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Both Sides of the Table
JUNE 17, 2017
If you hire 6 senior sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business 6 months. They both raised angel / seed money of $1.5 The most obvious way to explain this is with sales people. Not necessarily.
Both Sides of the Table
SEPTEMBER 2, 2009
Founders however are asked to take low salaries and never really get back the time they worked for free. The net effect for [my company] for example is we are now doing reasonably well. I raised $500k in seed money to start the company. At some point, this breaks if their isn’t an exit or IPO.
www.paulgraham.com
APRIL 28, 2010
It wasnt because they werent accredited investors that I didntask my parents for seed money, though. When we were starting Viaweb,I didnt know about the concept of an accredited investor, anddidnt stop to think about the value of investors connections.The reason I didnt take money from my parents was that I didntwant them to lose it.
pandodaily.com
NOVEMBER 29, 2012
They’re cutting salaries and making the last tens of thousands — or if they’re lucky a hundred thousand — last. Meanwhile, there’s been a surge in follow-on seed deals. If you are raising a seed round now, there are a few things you can do to protect yourself. Entrepreneurs are survivors by nature.
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