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. So your Q1 results will be $180,000 less profitable than if you hadn’t hired them. Hiring more people isn’t always the right answer.

Startup 418

Startup Revenue Technical Review Flash 418

Both Sides of the Table

NOVEMBER 18, 2012

I’ve been on the road much of 2012 and part of 2011. Think about it – most entrepreneurs who manage to raise seed money or venture capital usually raise enough money for 12-18 months maximum. You hire them, you own them now. Hire fast, fire faster. I didn’t sleep much back then.

Monaco 420

Monaco Cofounder Chicago Mexico 420

Gust

OCTOBER 2, 2014

I’ve been on the road much of 2012 and part of 2011. Think about it – most entrepreneurs who manage to raise seed money or venture capital usually raise enough money for 12-18 months maximum. You hire them, you own them now. Hire fast, fire faster. I didn’t sleep much back then. And so it goes again.

Monaco 122

Monaco Cofounder Chicago Mexico 122

pandodaily.com

NOVEMBER 29, 2012

We know this: As many as a thousand companies who’ve received seed rounds won’t be around in a year — maybe six months. There simply won’t be soft-landings and acqui-hires for all of them. The number of seed and angel investors has exploded in recent years, buoyed up by a number of factors.

Technical Review 93

Technical Review Silicon Valley Incubator Syria 93