Both Sides of the Table

MARCH 25, 2016

Lately I’ve been having to say things I thought I’d never have to remind people, like, “getting to positive gross margin in several territories is a very low bar to claim success” or “profitable excluding marketing costs” is not actually a real thing. But not doing basic research makes no sense.

Startup 150

Startup Seed Money DC Software Review 150

The Startup Magazine

MARCH 3, 2020

In 2005 Vagnozzi put together 30 investors to pool $1M and fund the development of 110 acres in Montgomery County. When he hired property managers, they ended up taking the majority of his profits. Save your money because there is a much larger startup cost to invest in commercial real estate. Tips for New Entrants in CRE.

New York City 106

New York City Marketing Technical Review New York 106

Both Sides of the Table

JUNE 22, 2011

Huge structural under-employment in much of the country and full employment in some niche tech markets where it’s impossible to hire developers, designers or sales professionals. An obvious example is Google who may have gotten less market attention if there would have been 8 well-financed competitors during the 2001-2005 timeframe.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

VC Adventure

AUGUST 15, 2018

At the time, the cost of each of these valuations ran between $10,000 and $15,000 annually for each company. These costs have come down a lot since then, and the rules have been tweaked a bit but the overall 409A framework still is as it was when originally adopted – companies must hire a 3rd party to value their stock each year.

Valuation 48

Valuation Common Stock Cap Table Software Review 48

Duct Tape Marketing

MAY 4, 2011

We ended up putting in our equipment at no cost, and two days later the smell was gone. It’s not sexy, nor is it costly (in hard costs, but the time she puts into it is certainly of high value), but the specificity and clarity with which she writes is something I deeply appreciate.

Small Business 72

Small Business Marketing Arkansas Social Media 72

The Startup Magazine

AUGUST 23, 2017

The enterprise in company form offers a product, a process or service for sale or hires to professionals or individuals, contributing to a community’s overall economic development. The Theory of Kirzner (1973-2005) about entrepreneurship explains how the improvement of economic health affects individuals in the first world.

Developer 60

Developer Technical Review Equity Distribution 60

Both Sides of the Table

APRIL 20, 2011

Josh and Howard began co-investing as angels and in 2005 they started a $10 million fund. They chose the name First Round Capital because they thought capital would be deployed most efficiently at smaller seed stage rounds considering the cost to build an internet business had come down drastically. and Half.com. Investing Strategy.

Pre-Money Valuation 284

Pre-Money Valuation Technical Review Cofounder Cram Down 284

YoungUpstarts

OCTOBER 6, 2014

Hire for hustle. A great way to separate the entrepreneurial thinkers from those who aren’t is to place a special emphasis on hiring people with a sense of urgency; people who can and will move quickly; people who don’t always have to be told what their next step should be.

Employee 188

Employee Leadership Technical Review Hiring 188

Startup Lessons Learned

MARCH 22, 2010

The cost of creating new companies is falling rapidly, and access to markets, distribution, and information is within the reach of anyone with an Internet connection. For example, over 25% of the technology companies founded between 1995-2005 had a key immigrant founder. Read the rest of The New Startup Arms Race at Huffington Post.

San Francisco 121

San Francisco Indiana Lean Startup 121

Hearpreneur

MARCH 13, 2020

But for some, the benefits are better than the cost. Response to this low cost alternative to traditional housing has been nothing short of stellar. in December of 2004 with just our one little product, and by the end of 2005 we had sold 1 million Finders Key Purse(r). Starting a business is the hardest thing you will ever do.

Entrepreneur 127

Entrepreneur LLC Technical Review Finder 127

This is going to be BIG.

SEPTEMBER 20, 2021

I built a 3,000 person tech networking organization in NYC back in 2006 and was one of the first 100 members of the NY Tech Meetup back in 2005 so I’ve participated in a lot of these conversations. In 2005, it was a risky bet to join Union Square Ventures and plant my VC career here in NYC. Mayors don’t build startup cities.

Community 172

Community Miami Portland Startup 172

Up and Running

OCTOBER 1, 2014

Review the history of your market situation (for example, the company was founded in 2005 and experienced a steady 2.4 When I write a marketing plan for a client, they generally hire me to help with implementation. Talk with department directors and managers. percent annually, etc.).

Marketing 88

Marketing Technical Review Small Business Administration SBA 88

mashable.com

SEPTEMBER 12, 2011

While all of these factors are true to an extent, the truth of the matter is that the reduced costs of hardware and software are easily offset by the expense of engineers and experienced business people. Nearly all of your costs will be headcount, primarily in the engineering department. This is exactly what we have done with [link].

Startup 79

Startup Social Media RSS Social Network 79

View from Seed

APRIL 21, 2015

million raised, per CrunchBase): It came from my deep frustration renting as an undegrad at Oxford for the first time back in 2005. Do you find yourself hiring operators or PMs with that background? I have, and would consider, hiring people with business school backgrounds.

Founder 120

Founder Las Vegas Entrepreneur Cofounder 120

Both Sides of the Table

FEBRUARY 7, 2011

Again, Seth: “One of the things I noticed when I looked around at startups is that often the founding teams hired people just like themselves. In 1995, while in high school, Seth wanted to start a business scanning paper documents for companies, but realized it was a non-starter when he learned that a scanner costs $4k.

Connecticut 286

Connecticut Cofounder Silicon Valley Web 286

crowdSPRING Blog

JANUARY 5, 2012

Stop whining and start hiring remote workers – [link]. Stop whining and start hiring remote workers – [link]. SEO Pricing: 600+ Agencies Share Costs of Services & Pricing Models – [link]. 41 billion has been lost or is likely to go unspent in gift cards issued since 2005 – [link].

Social Media 92

Social Media Small Business Design Media 92

Steve Blank

FEBRUARY 26, 2020

What was a Series A round in 2005 is now a pre-seed or seed round. These elements of the business model– revenue (pricing, pricing strategy), distribution channel, How to Get/Keep/Grow customers, Key Activities, Resources and Costs – are other, critical parts your start up needs to understand and have in place.

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

YoungUpstarts

OCTOBER 16, 2013

Rarely is employee turnover talked about in business schools — and you won’t see it as a line item on a business plan, either — but it has the potential to be one of the biggest costs for your business. Hire people you like, then help them blossom. In other words, don’t hire solely based on someone’s technical skill set.

Business Plan 159

Business Plan Employee Entrepreneur Customer 159

mashable.com

SEPTEMBER 14, 2011

If you’re working with an open source project, for example, it’s important that you have a definitive business model to drive revenue — though not at the cost of alienating your community of core contributors. You’ll also likely be hiring local staff for your new office. Reproduction without explicit permission is prohibited.

France 77

France Marketing Social Media Startup 77

Startup Lessons Learned

OCTOBER 11, 2010

Eric) In a bar in Amsterdam in 2005, my two cofounders and I came to the sad conclusion that startup we tried to built for two years was doomed. The first hire The first hire was critical. Hiring him was a no brainer, and he didn't disappoint. What follows are solely his opinions. It turned out we indeed could.

Continuous Deployment 164

Continuous Deployment Technical Cofounder Cofounder San Francisco 164

The Equity Kicker

JUNE 23, 2016

The first thing to happen was that the bar for a Series A went up – unsurprising given that startups could now get much further with pre-Series A amounts of capital (2005-2010). That created a gap in market which sub $100m dedicated seed funds (aka micro-VCs) stepped into – there are now over 300 of them (2005-2016).

Seed Stage 97

Seed Stage PR Portfolio Operations 97

Up and Running

DECEMBER 1, 2015

In 2005, David Choe was invited to paint a number of murals at Facebook’s HQ in Palo Alto. If equity compensation is on your mind before you start hiring, make sure you’re good at hiring excellent candidates, especially if you’ll be offering restricted stock rather than stock options. See Also: How to Hire Your First Employee.

Equity 60

Equity Employee Stock Options Vesting 60

www.paulgraham.com

OCTOBER 23, 2010

Standards arehigher; people are more sympathetic to what youre doing; the kindof people you want to hire want to live there; supporting industriesare there; the people you run into in chance meetings are in thesame business. They might accidentally hire someonebad, but its not going to kill the company. Idont think theres an answer.

Startup 108

Startup Software Review Hiring Founder 108

Steve Blank

APRIL 20, 2009

In ten years, from the early 1950′s to the early 1960′s, the valley went through a hiring frenzy as jobs in microwave companies went from 700 to 7,000. An interesting phenomena of the 1920s that illustrates the fragility and cost of vacuum tubes is the “Reflex Receiver&# design methodology.

Silicon Valley 270

Silicon Valley RSS San Francisco Technical Review 270

mashable.com

AUGUST 20, 2011

As his company grows, he likes the option of hiring flexibly and being able to consider job candidates from other cities and countries. Once they solidify the next hire, the ThinkBinder team will be moving to their own offices. Otherwise, you can do the build-out and eat the costs.

Cofounder 81

Cofounder San Francisco Social Media Startup 81

mashable.com

JULY 18, 2012

The search giant’s VP of Corporate Development, along with CEO Larry Page, signs off on the dozens of acquisitions and acqui-hires made every year, large and small. And maybe you heard of a tiny Linux-based mobile software designer Google bought in 2005, called Android Inc.? ©2005-2012 Mashable, Inc.

Acquisition 104

Acquisition San Francisco Social Media Mobile 104

Altgate

SEPTEMBER 16, 2010

In some strange way, a big part of his competitive advantage is that he is able to outsource everything and maintain such a low cost structure. where you can leverage some internal “low cost&# time. World class In-house UX is one of the most challenging hires you’ll make. So it can be done. 99designs are simplistic.

Software Review 65

Software Review Offshore Startup Boston 65

Both Sides of the Table

OCTOBER 14, 2015

But like many companies over the past five years it hired aggressively and probably had some degree of straying off of a core strategy and some amount of excess jobs relative to its current revenue forecasts and opportunities. I encouraged them to stay in shorter-term space, higher per-unit costs but no capital outlays. Does this suck?

Burn Rate 150

Burn Rate San Francisco Private Equity LP 150

The Entrepreneurial Mind

NOVEMBER 9, 2010

Remember that recent studies show that the improved profits are almost entirely due to cost cutting and bootstrapping. And although the job loss among small business owners seems to have abated, there is little evidence that robust hiring is in our future any time soon. Small business owners have adapted to the new normal.

Technical Review 61

Technical Review Bootstrapping Small Business Security 61

www.igda.org

JULY 24, 2012

But his experiments, which hed been conducting for at least 12 years, showed him clearly that cutting the workday from ten hours to eight hours — and the workweek from six days to five days — increased total worker output and reduced production cost. At that point, the costs strongly begin to outweigh the advantages.

Software Review 90

Software Review Technical Review Widget Los Angeles 90

YoungUpstarts

JANUARY 13, 2017

If it is time to hire additional salespeople, there are some helpful guidelines here. Since 2005, Bizfi has originated in excess of $2 billion in funding to more than 35,000 small businesses, including many well-known franchises. Evaluate other markets for expansion.

Small Business 100

Small Business Small Business Administration Social Media Aggregator 100

Startup Lessons Learned

SEPTEMBER 5, 2008

You can find the 2005 version here. link] And - of course - going through [link] and reading up on the various different approaches different companies have (successfully) taken towards getting scalability at reasonably low cost. sadly, this blog forces you to use a google account. So, for reference, I am Adam, of [link].

Open Source 107

Open Source San Francisco Continuous Deployment Lean 107

om.co

FEBRUARY 5, 2013

called The Rise of a Insta-Company, which theorized that open source, cheap bandwidth and increasingly falling cost of infrastructure would result in companies being built at a dramatically lower cost than ever before. By 2005, it became clear that more people were reading GigaOm than they were reading my then employer, Business 2.0.

Founder 80

Founder Conversion Distribution Silicon Valley 80

www.inc.com

JULY 9, 2010

500|5000 Conference Honorees Resources Press Apply 2011 ); Topics > Leadership and Managing > Human Resources > Recruiting and Hiring Employees > How to Attract Talent to Your Start-Up At a start-up, you need employees that are in it for the long haul and fit your unique culture. People would only get paid if the candidates got hired.

Intellectual Property 55

Intellectual Property Los Angeles San Francisco Guerilla 55

Both Sides of the Table

JULY 24, 2012

This was 2005 when I had no exits under my belt, no blogs … nobody was looking. Cooley is taking on major costs not only of these professionals and the inevitable support staff that they will hire but they will also be establishing a major presence in Santa Monica where I’m told they’ve secured significant office space.

Los Angeles 299

Los Angeles Early Stage DC Silicon Valley 299

YoungUpstarts

JUNE 23, 2013

” The key attraction they offer is a lowered barrier for entry – you don’t need technical know-how or a high cost to set up an online store, and, most importantly, you can set up one very quickly and easily.” “So, in 2005, we launched our very own platform.

Singapore 149

Singapore Partner Asia North America 149

www.singlefounder.com

OCTOBER 23, 2010

The goals of a venture capitalist are to maximize the return on investments that pan out and minimize the costs of investments that will not. The need to hire another employee meant the need for another desk, another computer, and more equipment that my home office simply couldn’t handle.

Software Review 40

Software Review Software Startup Massachusetts 40