Gust

OCTOBER 20, 2011

In 2011, the valuation of pre-revenue, start-up companies is typically in the range of $1.5–$2.5 Such comparisons can only be made for companies at the same stage of development, in this case, for pre-revenue startup ventures. As can be seen the average (mean) pre-money valuation for recent pre-revenue deals is $2.1

Valuation 146

Valuation Pre-Money Valuation Intellectual Property Technical Review 146

Steve Blank

APRIL 4, 2011

The Business Model Canvas is a great way to diagram it out. Each side of a market has it’s own Value Proposition, Customer Segment and Revenue Model.) They acquired quantitative data by going through the 2008 Agricultural Census. Agora was in a classic two-sided market (having both buyers and sellers.

Customer 234

Customer Business Model Nebraska Cloud 234

Up and Running

JUNE 29, 2016

It’s not just the overall trend toward online shopping that makes this a solid strategy for increasing revenue, however. Then, in 2008, she started her own independent ecommerce site, with revenues reaching $28 million by 2011, and $100 million by 2012. Go beyond “straight sizing”.

Revenue 76

Revenue eCommerce Social Media Campaign 76

Up and Running

FEBRUARY 20, 2014

I see too many business plans that underestimate the effort, resources, and problems involved in selling things through channels. You get a much smaller revenue per unit, and it comes several months after you make the sale. 20, 2008, but has been updated to be as useful and relevant as ever. ].

Product 82

Product Channel Distribution Software Review 82

Both Sides of the Table

DECEMBER 18, 2009

The deal terms were agreed, the combined business plans were prepared and both sets of investors had verbally agreed to do the deal. million in recurring revenue of which $600k came from Germany. We were on our way to building a real business. This was soon after the bursting of the dot com bubble – in early 2001.

Germany 298

Germany Entrepreneur Merger Los Angeles 298

Startup Professionals Musings

JULY 9, 2017

New entrepreneurs are always looking for a shortcut in getting their venture story and plan across to investors, and closing on the funding they need. An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008.

Business Model 143

Business Model Intellectual Property Startup Angel Investor 143

discuss.joelonsoftware.com

NOVEMBER 1, 2010

Right now, my business is just myself and a part-time employee who does support, testing, and product usability design. I intend to rewrite my internal 50-page business plan into an investors proposal. Cheers -- Mark Mark Walsen Friday, October 10, 2008 Deleting … Approving … > The challenge here is.

Sweat Equity 40

Sweat Equity Equity Angel Investor Affiliate 40

Cracking the Code

JANUARY 22, 2009

While it may make sense to offer very slight adjustments for favorable payment terms and one time revenue, net additions to MRR should dominate the sales rep’s thoughts. 1 of MRR generates $12 of annual revenue, so $1 commission equals 1/12=8.3% of Year One Revenue Sounds high, but is that considered a reasonable package?

Software Review 91

Software Review Clawback Sales Salary 91

Up and Running

JUNE 1, 2016

Between 2008 and 2014, industry revenue increased at an annual rate of 12.4 While momentum has slowed slightly, food trucks continue to be a profitable restaurant business model. Check out our guide on how to open a successful food truck, as well as our library of free sample business plans. That’s okay!

Revenue 60

Revenue Portland Oregon Social Media 60

Startup Lessons Learned

NOVEMBER 8, 2008

Lessons Learned by Eric Ries Saturday, November 8, 2008 What is customer development? Most likely, your business plan is loaded with opinions and guesses, sprinkled with a dash of vision and hope. November 9, 2008 5:40 PM Chris said. etl.stanford.edu November 10, 2008 2:20 AM Saku said. Great post, thanks.

Customer Development 168

Customer Development Developer San Francisco Customer 168

Up and Running

JUNE 30, 2020

Business credit cards, which I have long considered a very good way for small businesses to establish or build business credit will likely start considering new borrowers through the second half of the year, but it will likely only be the most creditworthy. Can you repay a loan? Will you repay a loan?

Finance 136

Finance Forecast SBA Small Business 136

Up and Running

MAY 9, 2016

Whether you want to be your area’s next big general contractor, or you believe you can build a successful small construction company in a specific niche, getting into the construction business is a process. Census Bureau, in 2014, the construction industry as a whole generated $960 billion in annual revenue, and according to the U.S.

SBA 60

SBA Demand Forecast Balance Sheet 60

Up and Running

DECEMBER 5, 2016

Lean Planning is a concept that we introduced back in 2012 as an evolution in business planning. The traditional business plan just wasn’t fitting the needs of modern, fast-moving companies and it was time to bring more of a scientific approach to business planning. It starts with “Plan-As-You-Go”.

Lean 60

Lean Silicon Valley Business Model Forecast 60

Startup Lessons Learned

JANUARY 2, 2009

We were even more embarrassed by the pathetically small number of customers we had, and the pathetically low amount of revenue we had earned so far. We’d always cringe as we admitted that, no, we really only had a few thousand customers and a few thousand dollars in monthly revenue. Retention cohort analysis. I am chugging along.

San Francisco 60

San Francisco Tampa Continuous Deployment Lean 60

K9 Ventures

APRIL 27, 2011

In April 2008, I was introduced to Ugmode, Inc. They had a small amount of cash in the bank from having won two business plan competitions that they used to finance the company to date. Note: All information contained in this post is based on my best understanding and perception of what transpired.

Software Review 134

Software Review Technical Review IP Finance 134

Steve Blank

MARCH 18, 2011

VC’s worked with entrepreneurs to build profitable and scalable businesses, with increasing revenue and consistent profitability – quarter after quarter. The Business Plan (Concept- Alpha-Beta - FCS ) became the playbook for startups. Rules for building a company in 2011 are different than they were in 2008 or 1998.

Internet 334

Internet IPO Silicon Valley Agile 334

wordsting.com

APRIL 4, 2013

Our chosen problem was logic models , which are the non-profit equivalent of business plans. Remember in grown-up SaaS companies, the marketing budget, as a percentage of revenue, is typically twice that of R&D. It’s easy for founders to combine free spending habits with fabulous optimism as to when revenue will arrive.

Lean 61

Lean Startup Software Review San Francisco 61

YoungUpstarts

JANUARY 21, 2014

Step 7: Write a business plan. There are many resources online to teach you how to write a business plan. Basically, a business plan is a detailed roadmap of where you expect to take your business. Your business plan is a critical factor when applying for business loans.

Small Business Administration 234

Small Business Administration Differentiation Business Plan Small Business 234

Business Plan Blog

OCTOBER 24, 2013

Plan for Niche Domination. Why should your next business plan focus on finding and developing a niche? In the Science of “ Revenue Generation ” to develop a “Revenue Strategy,” you must answer 5 foundation questions. Question number three is “What is the niche or niches you plan to (or do) dominate?”.

Revenue 68

Revenue Canada Lean Cofounder 68

Berkonomics

NOVEMBER 21, 2013

The days of being able to trust that there will be an investor or lender on the other end of a call or email whenever needed ended with the 2000 and 2008 bursts of those respective bubbles. It’s entirely possible that Amazon could not be created and funded today with its planned seven years until profitability.

Later Stage 83

Later Stage Early Stage Email Revenue 83

Both Sides of the Table

JULY 10, 2010

You have to be selected to present and it is typically reserved for companies that have already raised early-stage capital and are well into revenue growth. Founded by James Reinhart out of Harvard Business School (semi finalist in annual business plan competition). Revenue of ~$160mm in 2008. students. -Is

IPO 242

IPO Venture Capital Private Placement Cofounder 242

Startup Lessons Learned

JUNE 5, 2009

And so the spreadsheet is built with conservative assumptions, including a final revenue target. No matter how low we make the revenue projections for this new product, it’s extremely unlikely that they are achievable. Certainly venture-backed startups don’t have this luxury – every business plan has a model in it.

San Francisco 102

San Francisco Lean Continuous Deployment Startup 102

Up and Running

AUGUST 19, 2014

When Thiel made that statement in 2008 at TechCrunch50, he said he even uses a startup CEO’s low salary as a proxy of sorts to determine whether an organization is poised to succeed: “It [the CEO’s salary] goes to whether the mission of the company is to build something new, or just collect paychecks.”. Share it in the comments below. .

Salary 119

Salary Sweat Equity Silicon Valley Sales Cycle 119

ReadWriteStart

JULY 21, 2011

The 1M/1M affiliate program will create additional revenues for some, and for some, this could be their first decent revenue option. Next, Michael Issa, from the San Francisco, CA, pitched Quipu Applications , which is a cloud based business plan financial modeling application. efforts to get them.

Affiliate 130

Affiliate San Francisco Entrepreneur India 130

Both Sides of the Table

MARCH 11, 2010

But there are also problems / risks: - the funding environment might change dramatically – there may never be a next round (see: March 2000, September 11, 2001 and September 2008). - Your revenue will take longer to ramp then you think. It should pop out of your business plan. - add a buffer.

Venture Capital 319

Venture Capital Startup Silicon Valley Warrant 319

Startup Lessons Learned

DECEMBER 14, 2009

Now, Andrew’s excellent piece that I quoted from above correctly diagnoses two situations where consumer internet companies often get in trouble: They focus too much on short-term revenue, getting caught in a local maximum via constant optimization. It doesn’t say anything about which risks it should be used to mitigate.

Customer 156

Customer San Francisco Viral Lean 156

Up and Running

MAY 17, 2012

Ignore the naysayers: People told Rhodes she wouldn’t be able to make a success of a business that sold just one product. So did 2008 winner Devon Rifkin, of the Great American Hanger Company , who’s company makes and sells… hangers. If she could overcome those odds, imagine what you can do! She proved them wrong.

Entrepreneur 66

Entrepreneur Stock Options Stock Naming 66

Hearpreneur

JUNE 21, 2017

My Mama, the founder of Yuca’s Hut in Los Feliz, CA, didn’t allow a lack of college degrees or a business plan to deter her from launching her dream. It was March 2008. The business was thriving, I was financially free, but … I hated working inside my own company. Image Credit: Terri Maxwell.

Entrepreneur 51

Entrepreneur Africa Cofounder CTO Hire 51

Altgate

JANUARY 21, 2010

I think this is great for end users both personal and professional, but I think it is going to seriously erode legal industry revenue in the long term. ← Some Practical Advice on Executive Compensation at Startups HBS Student Business Plan Contest Finalists → Comments are closed. Bookmark the permalink.

Open Source 33

Open Source Term Sheet HTML Venture Capital 33

ReadWriteStart

NOVEMBER 4, 2010

Now, as for the presenters, first up today was Benson Hall with Advanced Dental Technologies , presenting a business plan to bring Cone Beam Dental Imaging machines to a large number of consumers. I started doing my free Online Strategy Roundtables for entrepreneurs in the fall of 2008. Advanced Dental Technologies.

Startup 113

Startup India Silicon Valley Incubator 113

Up and Running

APRIL 6, 2016

In fact, during the height of the 2008 recession, the U.S. spa industry recorded more than 160 million visits, an increase of almost 16 percent from the previous year, with total revenues of $12.8 By 2013, the number of annual spa visits had increased to 164 million, with total revenues of $14.7

Small Business Administration 60

Small Business Administration Hiring Employee Design 60

mashable.com

NOVEMBER 3, 2010

Ted Serbinski: Angel investor Ted Serbinski sold his startup MothersClick to Lifetime in 2008 and joined the cable network as CTO of the ParentsClick Network. He goes on to add, “Having revenue is even better, though not applicable to every startup … Passion, skill, vision and maturity really matter.&#

Angel Investor 80

Angel Investor Startup San Francisco Social Media 80

SoCal CTO

DECEMBER 1, 2010

No Business Plan Survives First Contact With A Customer – The 5.2 The Proof Is In The Revenue. In 2008, we couldn’t find a technical co-founder for Yipit. Online Video on Lies About Business Planning - Up and Running , November 19, 2010 Business plans are a waste of time? Don’t bother?

Technical Review 175

Technical Review Technology Product CTO Hire 175

Up and Running

APRIL 1, 2015

The idea [for BloomNation] was great […] but remember, the one thing they want to see is customers, and not just customers, they want to see revenue.”. The planning process and successful execution. Here at Bplans, we are, of course, all about the planning process. I was more looking for practice than theory.”.

Venture Capital 60

Venture Capital Startup Cofounder Chicago 60

ReadWriteStart

SEPTEMBER 30, 2010

Then Amit Gurung pitched a business plan to create a distribution channel for product companies trying to cater to the rural base-of-the-pyramid (BPO) market in India. I started doing my free Online Strategy Roundtables for entrepreneurs in the fall of 2008. It might be a much better alignment of skills.

India 115

India Silicon Valley Incubator Bootstrapping 115

Altgate

FEBRUARY 18, 2009

.  The problem with most of the business ideas I see is they they are pretty much the same today as those I've seen for the past few years.  Typically they are very early stage (usually pre-revenue and often pre-product) companies that have a partial management team and hope to raise $2-5 million to "go build it."

Bankruptcy 28

Bankruptcy Early Stage Venture Capital Revenue 28

VC Cafe

NOVEMBER 9, 2011

October 2011 was the worst month for IPOs since 2008. If you don’t have over 100-150 million in revenue, then stay private, it is quite hard in the public market with that little revenue.” Josh: A lot of companies have IPO’d with less than 40 million in revenue, now you need a minimum of 70-100 million to IPO.

IPO 92

IPO Cofounder Europe 92