Startup Professionals Musings

MAY 4, 2014

Even when your startup is a one-man show and lots of fun, a “business” needs some discipline and controls to keep it from being defined as a hobby by investors, and assure some financial return. Like it or not, you are now entering the dreaded realm of specifying and documenting “formal business processes.” Product development process.

Startup 268

Startup Institutional Investors Angel Investor Bootstrapping 268

Up and Running

OCTOBER 30, 2017

Rather than thinking of a business plan as a hefty document that you’ll only use once (perhaps to obtain a loan from a bank), think of it as tool to manage how your business grows and achieves its goals. In fact, the business plan does not have to be a formal document at all if you don’t need to present your plan to outsiders.

Venture Capital 166

Venture Capital Business Plan Limited Liability Company Finance 166

Startup Professionals Musings

JANUARY 31, 2013

Even when your startup is a one-man show and lots of fun, a “business” needs some discipline and controls to keep it from being defined as a hobby by investors, and assure some financial return. Like it or not, you are now entering the dreaded realm of specifying and documenting “formal business processes.” Product development process.

Institutional Investors 230

Institutional Investors Angel Investor Bootstrapping Database 230

Startup Professionals Musings

JANUARY 26, 2018

The free model, with an implied intent to monetize later, doesn’t work with investors anymore. It takes real money to sustain a business, with a margin in the 50 percent range, and some realistic milestones and metrics. Document and initiate a multi-faceted marketing plan.

Angel Investor 147

Angel Investor Distribution Bootstrapping Viral 147

Up and Running

MAY 28, 2015

We’re looking at our lean business planning is about strategy, tactics, concrete specifics including milestones, metrics, tasks and schedule, and essential numbers to run a business, all of which lead to managing cash flow. It is not a document. Tell your angel investors a story about need.

Lean 60

Lean Business Plan Video Software Review 60

Startup Professionals Musings

SEPTEMBER 7, 2011

Even if you are doing the work yourself, you need to document requirements, features, metrics, and milestones. Unless you are bootstrapping everything, you need to have a clear plan on what networking and documents are required to get to friends and family, angel investors, and institutional investors.

Startup 255

Startup Institutional Investors Angel Investor Bootstrapping 255

Steve Blank

JUNE 1, 2011

The Wrong Metrics. Traditional startup board meetings spend an insane amount of wasted time using Fortune 100 company metrics like income statements, cash flow, balance sheet, waterfall charts. The only numbers in those documents that are important in the first year of a startup’s life are burn rate and cash balance.

Silicon Valley 297

Silicon Valley Business Model Venture Capital Balance Sheet 297

Steve Blank

JUNE 1, 2011

The Wrong Metrics. Traditional startup board meetings spend an insane amount of wasted time using Fortune 100 company metrics like income statements, cash flow, balance sheet, waterfall charts. The only numbers in those documents that are important in the first year of a startup’s life are burn rate and cash balance.

Silicon Valley 270

Silicon Valley Business Model Venture Capital Balance Sheet 270

Startup Professionals Musings

AUGUST 13, 2012

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Financial forecast and metrics. See where your cashflow bottoms out.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Startup Professionals Musings

AUGUST 1, 2010

Even if you are doing the work yourself, you need to document requirements, features, metrics, and milestones. Unless you are bootstrapping everything, you need to have a clear plan on what networking and documents are required to get to friends and family, angel investors, and institutional investors.

Startup 239

Startup Institutional Investors Angel Investor Bootstrapping 239

Startup Professionals Musings

MAY 13, 2011

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Financial forecast and metrics. See where your cashflow bottoms out.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Gust

AUGUST 5, 2012

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Financial forecast and metrics. See where your cashflow bottoms out.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

Seeing Both Sides

SEPTEMBER 5, 2012

Bush and Park remembered the advice one of their early angel investors had given them: "Get close enough to your customer to understand what they really want. It turned out, the physician practices loved the software, but didn't love the practice management services. But athenahealth's culture is more than just a bunch of do-gooders.

Fractional CTO 43

Fractional CTO Cofounder Cleveland Vertical 43

Austin Startup

OCTOBER 18, 2017

A lot of it is very good, but a lot is also totally inappropriate for a founder in, say, Austin, Boulder, or Atlanta (or markets like them); where the dynamics between entrepreneurs and investors are fundamentally different. They’re investors , not philanthropists to your entrepreneurial dreams. See “ Angel Investors v.

Silicon Valley 48

Silicon Valley Los Angeles Angel Investor Common Stock 48

Startup Professionals Musings

APRIL 22, 2010

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Financial forecast and metrics. See where your cashflow bottoms out.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

ReadWriteStart

JUNE 13, 2011

The Wrong Metrics : Traditional startup board meetings spend an insane amount of wasted time using Fortune 100 company metrics like income statements, cash flow, balance sheet, waterfall charts. The only numbers in those documents that are important in the first year of a startup's life are burn rate and cash balance.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

Board Effect

MAY 13, 2019

When bootstrapping a startup, this is the bare minimum founders should have in place to avoid being caught off-guard by an angel investor. Going the extra mile shows seed and angel investors that your startup is setting itself up for success in the road ahead.

Cap Table 40

Cap Table Management Liquidity Event Dilution 40

Berkonomics

NOVEMBER 4, 2016

So how do you use financial projections as valuation metrics when you know the odds of those being accurate predictors of the future are so very unreliable? million if all elements are “perfect” for a target in the eyes of the investor.

Valuation 48

Valuation North Carolina Oklahoma City Silicon Valley 48

Up and Running

MAY 23, 2016

In this section, you really just want to document how your business will make money. In this section, you really just want to document how your business will make money. You could also go for a larger sum of capital right from the start by pitching an angel investor or a venture capitalist for funding. Schedule.

Software Review 74

Software Review Software Delaware Forecast 74

Up and Running

OCTOBER 21, 2014

It will also help you when it comes time to write your business plan, especially if you’re pitching an angel investor or a venture capital firm – they will want to see there’s a market for your idea, otherwise, it won’t scale as rapidly as they need it to in order to make a return on their investment. Just keep moving.

Elevator Pitch 166

Elevator Pitch Software Review SBA Business Plan 166

Professor VC

AUGUST 26, 2011

What are the key drivers and metrics? Thought it would be appropriate to share his questions and my answers below related to the topic at hand: The main questions have to do with presentation of documents to VCs. Byron Deeter has a good blog post on SAAS metrics. What does it take to be an Angel Investor?

Silicon Valley 35

Silicon Valley San Jose Hockey Stick Venture Capital 35

David Teten

DECEMBER 3, 2019

That Google document provides cut and pasteable text I can share with other investors, based on their stage, focus, and appetite. . Other investors are using Trello , Basecamp , and Monday for making sure that everyone at the firm knows one anothers’ long-term OKRs and short-term projects.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Hearpreneur

AUGUST 5, 2020

Carbon farming is coming upon us rapidly it’s progress is already under the transforming influence of technological innovation, and rapidly gaining widespread attention among Venture Capitalists and angel investors. This may be due to the complexity or upkeep that is needed to be maintained by a non-remote team.

Technical Review 157

Technical Review Software Review Entrepreneur China 157

Steve Blank

FEBRUARY 26, 2020

What most founders don’t realize is: Every stage of a startup requires a different set of metrics and milestones and founder skills. Knowing these will help a founder position her pitch to get investors’ attention. At the low-end this might come from friends, family or angel investors. Number of customers?

Cofounder 431

Cofounder Seed Stage Valuation Metrics 431

Tim Keane

JANUARY 12, 2010

Startups and angels: Along the way to success. By Tim Keane, Angel Investor, Golden Angels Investors, LLC. « Power of Angel Investing in Milwaukee | Main.   Investors sometimes “present” the terms they’d like and expect the entrepreneurs to react.

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

Startup Lessons Learned

JANUARY 10, 2011

We still have some collective scar tissue: the idea conjures up the hordes of dot-com hopefuls that descended on VC’s and angel investors with little more than a business plan. A series of new business cases documenting Lean Startup principles in a variety of companies. Even worse, this breeds tremendous mistrust.

Silicon Valley 167

Silicon Valley San Francisco Lean Investment Bankers 167

Steve Blank

NOVEMBER 25, 2013

Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. And we can offer investors metrics to play Moneyball – with the Investment Readiness Level. We think we can do better.

Oakland 329

Oakland Incubator Lean Metrics 329

YoungUpstarts

FEBRUARY 19, 2018

There are numerous processes to build a product for mass consumption namely engineering, testing, design, packaging, supply, documentation, certification, logistics, etc. This process will help you document aspects such as usability requirements, functional requirements, performance metrics, constraints, etc.

Startup 113

Startup Framework Angel Investor Programming 113

maplebutter.com

JANUARY 8, 2013

Written By Dan Martell on February 2nd, 2012 | Category: Hiring LeanStartup Marketing Metrics Startup Life | 6 Comments. Building Metrics / Usage Reports / KPI 3. Raising Angel Investment ? Those are the only 2 metrics you need initially. investors like great companies, that’s really the filter. 10) Metrics.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

Up and Running

MAY 22, 2018

Your MVP’s success will be a key component of your investor pitch deck. Angel investors and VC funders are truly investing in your good idea, but your passion and commitment are important too. You can try to fake them, but don’t—remember that it’s an investor’s job to verify that they’re solid. Demonstrate your passion.

Exit Strategy 90

Exit Strategy Angel Investor Search Elevator Pitch 90

Up and Running

MARCH 11, 2015

I’ve pitched in taxi cabs, I’ve pitched on street corners, in board rooms, on stage in front of 400 angel investors. The opportunity when I got to pitch on stage in front of 400 angel investors was for the largest angel investor conference in the Pacific northwest called Angel Oregon, and we competed with 60 other companies.

Technical Review 60

Technical Review Software Review Due Diligence Exit Strategy 60

Up and Running

AUGUST 12, 2015

It is not a 75-page document, that takes months and months to put together. It is not about some static, 75-page document. Let’s start with the evolution of the business plan. The business plan is about a map to help you understand where you need to go with your business. Maybe you have to pay a consultant thousands of dollars.

Forecast 60

Forecast Video Business Plan United States 60

Women Entrepreneurs Can

MAY 9, 2019

This is the point where a lot of startups are ready for an angel investor- individuals who have earned income that is exceeding $200,000 or have a net worth of more than $1 million. Early on, having a solid organizational infrastructure helps document your journey beyond the acquisition of funding- no matter where it comes from.

Programming 40

Programming Sweat Equity Startup Private Equity 40

steveblank.com

JULY 8, 2011

Managewith.us - Collaborative Task Manager Mavenlink - manage project communications, documents, schedules, budgets, payments Industrial Logic – Agile eLearning Misc Office Help Google Apps – cloud mail server, calendar, docs, etc. Lighthouse – Issue Tracking Tool.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

blog.expensify.com

APRIL 24, 2012

Otherwise, for those yet-another-facebook-type social web apps, just hire competent programmers and give them salary and perks that normal professionals expect, and not hope that their compulsion covers for your managerial incompetence and angel investor micromanaging idiocy. Fred Bosick. March 26, 2011 at 3:03 pm. [.] Robert Stanton.

Java 107

Java PHP Software Review Coder 107

www.vccafe.com

MARCH 11, 2013

For modifications, please edit the original document here. Scanning / Document Management. Startup Metrics for Pirates â?? SaaS Metrics Tutorial â?? Mavenlink -Â manage project communications, documents, schedules, budgets, payments. Boilerplate Venture Funding Documents. model legal documents.

Software Review 53

Software Review Technical Review Startup 53