Startup Professionals Musings

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Find an Angel Investor, Without Going Through Hell

Startup Professionals Musings

If your startup is looking for an angel investor, it makes sense to present your plan to flocks of angels, and assume that at least one will swoop down and scoop you up. The challenge is to find the right angel for your, and for your situation. Angel investors are people too. Or does it? Keiretsu Forum.

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How Baby Boomers Fit In The Realm Of Entrepreneurship

Startup Professionals Musings

In addition to being the startup entrepreneur, there are other key roles where Boomers can be a force in driving successful startups, in concert with leaders from Gen-X and Gen-Y: Early-stage angel investors. Software and hardware development architects and designers. All the learning from parenting pays big dividends here.

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10 Attributes Of The Perfect Partner For Your Startup

Startup Professionals Musings

As a long-time business advisor and angel investor, I’m a believer that “two heads are better than one” in building a new business. If both of you are experts at software development, even though one loves design and the other loves coding, that still won’t get the marketing done. Brings complementary skills and experience.

Partner 385
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5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month. As a rule of thumb, your monthly burn rate should be less than 10 percent of your last funding raise or starting cash in the bank.

Burn Rate 258
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10 Keys To Surviving Startup Cash Flow Requirements

Startup Professionals Musings

Software apps that once required a 10-person team can now be done with the Lean Development methodology by two people in a couple of months. The good news is that the cost for new startups is at an all-time low. In the early days (25 years ago), most new e-commerce sites cost a million dollars to set up.

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For Many New Ventures, Location Is The Key To Success

Startup Professionals Musings

I still have to tell some entrepreneurs that even with the best idea, they have to move to Silicon Valley to find the investors they need, or they need to move to the U.S. Also, investors from the super-hubs (Silicon Valley, New York, or Boston), probably won’t assume anyone outside their domain has the savvy and resources to make it happen.

Las Vegas 309
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5 Key Success Attributes For An Aspiring Entrepreneur

Startup Professionals Musings

I know from experience that my friends who are angel investors are looking for the same indications, although none of us has a scorecard , or even know exactly what we are looking for. Gates was a software developer genius, but Ballmer upheld the marketing and business side. Paul Allen was the idea visionary.