article thumbnail

6 Tips for Coming Up With Your Million-Dollar Business Idea

Up and Running

Voices.com , an online marketplace that matches voice actors with advertising agencies and TV and radio stations, began in 2004 as an idea scribbled down on a napkin by newlyweds David and Stephanie Ciccarelli. David sold his recording equipment for $50,000 and they borrowed the rest of their seed money from a bank.

Detroit 156
article thumbnail

Should Startups Focus on Profitability or Not?

Both Sides of the Table

Operating Costs. They both raised angel / seed money of $1.5 million to fund operations in their first year of operations. In many Internet startups 80% of the operating costs will be people. After all, they doubled their operating costs when they weren’t even profitable. Simplifying: Revenue -.

Startup 418
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

This Week in VC with @VCMike Hirshland of Polaris Ventures

Both Sides of the Table

This includes seed funding Automattic (who produce WordPress, the blog I use for this website) and investing in formspring.me, stickybits, Thing Labs (producer of Brizzly), KissMetrics and many others including Quantcast. So how is Mike able to do this at a time where others have warned against taking seed money from VC funds?

article thumbnail

Do the Math

Austin Startup

You’ll want to get cozy with the numbers all over again based on some history and make decisions on operating spend and on financing strategies. You want your valuation to keep marching upward; if you took in some seed money with the promised 10X venture return, you’ll hopefully be able to prove that you are proceeding on that trajectory.

article thumbnail

Figuring Out FourSquare

Seeing Both Sides

million in its series A financing and kept the burn rate at less than $100k per month to make he money last. Dennis wrote a great post at the time of the financing that showed just how product obsessed he was, even after taking the seed money. Advertising isn't cool."). Modest burn : the company only raised $1.35

API 44
article thumbnail

How to Start a Startup

www.paulgraham.com

But this is just the kindthat tends to be open source: operating systems, programminglanguages, editors, and so on. So if youre developing technologyfor money, youre probably not going to be developing it for peoplelike you. Usually you get seed money from individual rich people called"angels." This is calledseed capital.

Startup 105
article thumbnail

From Nothing To Something. How To Get There.

techcrunch.com

This is the first post in what’s going to be a series of blogs on how to go from nothing – no connections, no team, no money and no knowledge of how the startup industry really works – to operating a growing business. I’m taking a 52 week course in how to start up, run, operate, and achieve self employment.