David Teten

JANUARY 19, 2021

More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Flexible VC 101: Equity Meets Revenue Share. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad. Of the Inc. 5000 companies, only 6.5% raised from angels.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Startup Professionals Musings

JULY 28, 2017

Very few people are experts in all facets of a new business, including finance, sales, marketing, and operations. The accountant may accurately record every transaction, but only you can make the strategic tradeoffs on marketing costs versus customer revenue, product quality versus support, and so forth.

Cost 180

Cost Advisory Board Entrepreneur Angel Investor 180

Steve Blank

FEBRUARY 7, 2013

The class was designed to teach educators (and the adjunct entrepreneurs that support them) the Lean LaunchPad approach (Business Model Design, Customer Development and Agile Engineering) for teaching entrepreneurship. What he really said, was that an operating plan comes after you have some facts.).

Delaware 303

Delaware Lean Entrepreneur Advisory Board 303

VC Cafe

JULY 5, 2010

Ultimately it is up to the Management Team, Advisory Board and Board of Directors to make the investment decisions, manage the capital investments and oversee portfolio company development. pre-revenue/no prototype/mobile app only, etc). What are the expectations? VC Cafe: Do you have any minimum criteria for investment?

Technical Review 106

Technical Review Software Review Seed Stage 106

Steve Blank

NOVEMBER 16, 2009

In it, I got asked a question I often hear: “What if we have a web-based business that doesn’t have revenue or paying customers? And without revenue how do we know if we achieved product/market fit to exit Customer Validation?” They’re putting money into web services/business – most without early revenue. End of theory.&#

Customer Development 228

Customer Development Web Developer Customer 228

Startup Professionals Musings

AUGUST 19, 2016

In my role as an advisory board member for several startups, I’m always excited to see that initial surge of revenue from a great rollout campaign. An initial revenue surge, or a major cash advance from investors often leads to a mentality of building a large customer base at any cost.

Advisory Board 120

Advisory Board Startup Revenue Finance 120

Steve Blank

FEBRUARY 7, 2013

The class was designed to teach educators (and the adjunct entrepreneurs that support them) the Lean LaunchPad approach (Business Model Design, Customer Development and Agile Engineering) for teaching entrepreneurship. What he really said, was that an operating plan comes after you have some facts.).

Delaware 195

Delaware Lean Entrepreneur Advisory Board 195

YoungUpstarts

JUNE 7, 2017

Many entrepreneurs start with their product, their solution, without deeply understanding the customer problem, from the customer perspective. I have found that the best ideas come from entrepreneurs with this magic combination of specialized knowledge, passion, and customer need. First, build an advisory board.

Advisory Board 138

Advisory Board Revenue Vertical Business Model 138

David Teten

SEPTEMBER 5, 2014

I’ve written on the expert network industry a fair amount in the past: see How to Earn More Consulting Revenue from Expert Networks and How Executives Can Work with Private Equity and Venture Capital Portfolio Companies. David Teten: As you know, almost every VC fund operates as effectively a mini expert network.

New York 114

New York Technical Review Networking Advisory Board 114

crowdSPRING Blog

FEBRUARY 28, 2019

What are my expectations of being an entrepreneur? For example, in our definitive guide on how to start a successful clothing brand or clothing line , we suggest that aspiring apparel entrepreneurs choose their niche too. A business plan is a document that outlines the financial and operational goals of your business.

Business Plan 64

Business Plan Small Business Administration Hiring Social Media 64

Startup Professionals Musings

JULY 22, 2016

In reality, that’s the definition of a successful startup these days, so every aspiring entrepreneur should take note, as well as every existing corporate executive. I like their seven step approach, which I have paraphrased here for entrepreneurs as follows: Pull together a great multi-functional team. A dream is not enough.

Intellectual Property 120

Intellectual Property Advisory Board Metrics Leadership 120

Hearpreneur

OCTOBER 20, 2019

Often entrepreneurs and business owners create their daily, weekly, quartely or yearly goals around their business. It could be more revenue, hiring clients or launching a new product or service, where setting goals presents a fresh opportunity to achieve different objectives. Have a goal that’s third parties think is impossible?

Papua New Guinea 64

Papua New Guinea Hawaii Advisory Board Churn Rate 64

The Startup Magazine

MAY 28, 2019

They see it as a tool to drive their business instead of sharing their revenues with us.’. It is very important to understand the industry itself – day to day operations, rules and behind the scenes KPIs. Embargo has just started generating revenues from two streams.

Advisory Board 93

Advisory Board Angel Investor Startup Cofounder 93

Growthink Blog

OCTOBER 22, 2012

That Often It is Better to Receive than to Give : While advisory board members, unlike a formal board, do not have liability nor fiduciary responsibility, their time and energy requirements to participate are significant. The “ which ” questions are in many ways the harder ones that an advisory board dynamic can help address.

Advisory Board 91

Advisory Board Management Revenue Operations 91

Small Business Force

SEPTEMBER 9, 2011

You have some actual customers, driving real revenue and maybe even have an employee or two. Now is when you really become an entrepreneur! In fact, if you can, set up an advisory board of three or four folks, who you respect, who've been to the same dance you're at right now. Welcome to our fraternity, new entrepreneur.

Early Stage 32

Early Stage Advisory Board Technical Review Web Development 32

The Startup Magazine

JUNE 19, 2018

FUND is a national connector of entrepreneurs, VCs, angel investors, and industry experts with a focus on deal flow and making connections. We have been revenue positive since day one. We have been fortunate to have a business model that made us revenue positive from day one. What is your secret sauce? Our people! If so, how?

Texas 77

Texas Advisory Board Startup Angel Investor 77

Austin Startup

MAY 19, 2018

When founders get told to “come back when you have X customer or N revenue”, sure some of them will, but probably not the ones you’d really want to invest in. Founders are operating at hyper speed. but founders want advice from operators who have been in their shoes. Don’t make burning a bridge the first thing you do.

Founder 75

Founder Early Stage Software Review Deal Flow 75

Growthink Blog

APRIL 4, 2011

My company had its first meeting of its strategic advisory board this past week. Here is what I got out of it: That Often It is Better to Receive than to Give: While advisory board members, unlike a formal board, do not have liability nor fiduciary responsibility, their time and energy requirements to participate are significant.

Advisory Board 83

Advisory Board Management Revenue Operations 83

Small Business Force

SEPTEMBER 9, 2011

You have some actual customers, driving real revenue and maybe even have an employee or two. Now is when you really become an entrepreneur! In fact, if you can, set up an advisory board of three or four folks, who you respect, who've been to the same dance you're at right now. So you proved your concept.

Early Stage 20

Early Stage Advisory Board Technical Review Employee 20

betashop.com

OCTOBER 8, 2012

It has been awesome, flattering, and humbling to see that post went viral and has been seen by so many thousands of people — mainly aspiring entrepreneurs — and has been translated into many languages. Do they operate in silos or do they foster teamwork and collaboration? Advisory boards never amount to much.

Technical Review 108

Technical Review Technology Software Review Valuation 108

OnlyOnce

SEPTEMBER 17, 2020

For our Portfolio Partners, VC and PE board members, our pledge to you is that we will make it easier for you and your firm to both drive successful on-demand executive placements for your portfolio company CEOs, and to manage and expand your firm’s network of flexible executive talent.

Advisory Board 71

Advisory Board Leadership Portfolio Matching 71

Gust

DECEMBER 8, 2011

I urge all entrepreneurs to consult and develop a good working relationship with a qualified startup lawyer. Determine who will serve on the Board of Directors and in executive officer positions (usually founders). Form a legal entity to operate the business (we’ll use a Delaware corporation as an example for Newco).

Intellectual Property 139

Intellectual Property Non-disclosure Agreement Delaware Stock 139

OnlyOnce

SEPTEMBER 17, 2020

For our Portfolio Partners, VC and PE board members, our pledge to you is that we will make it easier for you and your firm to both drive successful on-demand executive placements for your portfolio company CEOs, and to manage and expand your firm’s network of flexible executive talent.

Advisory Board 62

Advisory Board Leadership Portfolio Matching 62

crowdSPRING Blog

MARCH 14, 2019

In our definitive guide on how to start a small business , we suggest that aspiring entrepreneurs choose a niche for the best chance at success. Toby Nwazor advocates for creating a business plan : Any experienced entrepreneur knows a company without a business plan is like a fish without water. Operating plan. Market analysis.

Business Plan 79

Business Plan Limited Liability Company Small Business Sales 79