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.
Both Sides of the Table
MARCH 6, 2015
If you are a 20-something tech entrepreneur you could be forgiven for thinking that seed-stage investors, Angellist Syndicates and widely available angel money always existed. Let me take you back just 10 years ago to 2005 in Silicon Valley where I returned after 11 years of living in Europe.
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Both Sides of the Table
SEPTEMBER 2, 2009
He’s been at it since 2005. I founded it in 2005 at the age of 37. I raised $500k in seed money to start the company. The very modest salary that I drew didn’t come anywhere near meeting my monthly costs so I had to eat into savings. I believe this is wrong. Let me start with a couple of stories.
techcrunch.com
OCTOBER 23, 2010
The project was so low cost they did not even want to bother with it. Also if one has a portal that is massive in ideas such as Yahoo, Facebook, Google, Twitter, and YouTube combined like my own without third party back ends it cost a pretty penny to build a custom one if one did not know about clones etc. All what you said is so true.
www.paulgraham.com
APRIL 28, 2010
November 2005 Venture funding works like gears. A typical startup goes throughseveral rounds of funding, and at each round you want to take justenough money to reach the speed where you can shift into the nextgear. It wasnt because they werent accredited investors that I didntask my parents for seed money, though.
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