Hunter Walker
JANUARY 15, 2016
Ted Rheingold: In 2003 I owned and ran a web service business called OneMatchFire , and made a number of image sharing products for customers (or as side projects). I wish I could claim I deftly foresaw this, but I was just seeking recurring revenue to to cover OneMatchFire’s office expenses. How did the site come about?
Both Sides of the Table
SEPTEMBER 28, 2013
You scraped together enough for an angel round but not enough to pay yourself a real salary. It’s 2003 and VCs aren’t exactly lining up to fund startup businesses. Sure, our revenue is growing, but is that enough to raise an internal round? You have a runway that would make San Diego Airport’s look long.
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Both Sides of the Table
APRIL 27, 2010
Most of what I learned about operating startups I learned from the really tough years at my first company from 2001-2003. I was paid less in salary in 2004 than I was paid at the job I quit in 1999 (a job I had held 8+ years). and we ultimately sold when we hit $14 million and had more than $30 million in backlog revenue.
www.readwriteweb.com
OCTOBER 7, 2007
Practically this means that you’ll outsource (most likely off-shore) your design and development, you’ll rent your servers, you won’t have an office and you’ll have no salary. No salaries, at first, but we did a lot ourselves and then did a lot as trade and/or on an advertising basis.
Bryce Dot VC
SEPTEMBER 28, 2015
What that meant is that six companies a year could achieve a hundred million in revenue or a billion in valuation. So last year Eileen Lee, did this amazing study where she dug into data going back to 2003. In that case, if you want to pay yourself more than 150% of a market salary, we would consider that a distribution.
Hearpreneur
JANUARY 7, 2017
Something similar happened during a salary negotiation seminar years later. I hit over six figures in my first year in business – and the company revenue has increased annually ever since. Eitan Lev, was born in 2003 with a rare and serious heart defect known as TAPVR.
Transformify
FEBRUARY 9, 2017
As for that financial impact, it would typically consist of the bad hire’s salary and benefits, their training and education, lost revenue while looking for a replacement, and of course the cost of searching for and hiring a new staff member. 68% of U.S. workers say that they expect to work remotely in the future.
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