Steve Blank

FEBRUARY 22, 2010

One of the ways our VC’s kept track of our progress was by taking a monthly look at three financial documents: Income Statement, Balance Sheet and Cash Flow Statement. To be clear – Income Statements, Balance Sheets and Cash Flow Statements are really important at two points in your startup.

Balance Sheet 303

Balance Sheet Startup Burn Rate Metrics 303

The Startup Magazine

MAY 31, 2022

As part of our Female Founder series , The Startup Magazine caught up with Claudia Freed, CEO of the Wheaton Illinois-based nonprofit EALgreen. The post Female Founder Interview – Claudia Freed, CEO of Non-Profit EALgreen appeared first on The Startup Magazine. As an immigrant student from Argentina, Ms. TSM: Fantastic!

Founder 155

Founder Argentina Chicago Switzerland 155

Berkonomics

JULY 1, 2021

Here’s one that most small company founders and CEO’s miss until it may be too late. That may seem extreme to many a founder or CEO, but it serves a purpose. We members of the board never saw, (never asked) and the CFO never mentioned the balance sheet and cash position. How about co-strategist? The moral is simple. .

Balance Sheet 62

Balance Sheet Cofounder Cash Position Burn Rate 62

Steve Blank

MAY 14, 2012

Any dispassionate observer would recognize that on Day One, a start-up has no customers, and unless the founder is a true domain expert, he or she can only guess about the customer, problem, and business model. Founders, presuming they know their customers, assume they know all the features customers need.

Balance Sheet 335

Balance Sheet Business Model Customer Development Metrics 335

Steve Blank

JUNE 1, 2011

A veteran board can bring 50-100x more experience into a board meeting than a first time founder. From a founder’s point of view there are three reasons for board meetings. 2) Founders who have a great board do recognize the uncanny pattern recognition skills that good VC’s bring. The Wrong Metrics. Wastes Founders Time.

Silicon Valley 296

Silicon Valley Business Model Venture Capital Balance Sheet 296

Steve Blank

JUNE 1, 2011

A veteran board can bring 50-100x more experience into a board meeting than a first time founder. From a founder’s point of view there are three reasons for board meetings. 2) Founders who have a great board do recognize the uncanny pattern recognition skills that good VC’s bring. The Wrong Metrics. Wastes Founders Time.

Silicon Valley 268

Silicon Valley Business Model Venture Capital Balance Sheet 268

Feld Thoughts

SEPTEMBER 9, 2015

Some will demonstrate strategically justifiable metrics and have fantastic ‘up round’ exits; others may see liquidation preferences kick in which will negatively impact founders and employees; others may fulfill the adage “IPO is the new down round” , which has been the case for more than half of the public companies on our list. “We

Liquidation Preference 70

Liquidation Preference Burn Rate Balance Sheet .Net 70

David Teten

NOVEMBER 10, 2011

I gave it to Rodi Blokh , founder of New Prospect Ventures , who dramatically improved and formalized my model to be suitable for publication. The model outputs standard financial statements and key operating metrics based on a wide range of user inputs, and is highly customizable and entirely transparent.

Balance Sheet 154

Balance Sheet Startup Equity Valuation 154

Berkonomics

DECEMBER 18, 2014

We never saw, and he never mentioned the balance sheet and cash position. So those expenditures were not reviewed by the board which had not been given a balance sheet to examine. Spending had continued out of control, much of it for inventory and assets – neither of which appear on the income statement.

Balance Sheet 71

Balance Sheet Burn Rate Cash Position Forecast 71

Both Sides of the Table

MAY 19, 2018

A detailed financial model that shows your anticipated revenue, costs and profits (Income Statement) as well as your balance sheet and cashflow statements. I never thought of this until I became the Founder & CEO of my first startup company.

Cap Table 336

Cap Table Due Diligence Forecast Churn Rate 336

Feld Thoughts

AUGUST 12, 2011

When we were last with Dick and Jane on Finance Fridays, our fearless entrepreneurs were figuring out how to split up their founders equity and account for an investment from Jane. QuickBooks and other accounting software programs will do this for your finances, but you should also implement tools for tracking other key metrics (e.g.

Balance Sheet 136

Balance Sheet Forecast Cap Table Early Stage 136

ConversionXL

OCTOBER 7, 2022

Customer acquisition cost (CAC) is an important metric for any ecommerce business. The more customers spend money, the healthier everything looks on balance sheets. But remember, CAC isn’t solely a marketing metric. It tells you how much you need to earn per customer to run a profitable company.

Acquisition 22

Acquisition eCommerce Cost Customer 22

ReadWriteStart

JUNE 13, 2011

A veteran board can bring 50-100 times more experience into a board meeting than a first-time founder. Check back tomorrow for part two: Reinventing the Startup Board Meeting From a founder's point of view there are three reasons for board meetings. What do those numbers/metrics look like? VCs sit on six to 12 boards at a time.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

Ben's Blog

AUGUST 17, 2020

When speaking with founders and private growth investors, we hear countless references to “multiples paid” on current or near-term revenue; both obsess over this because a higher multiple translates to a higher valuation. A multiple is a company value divided by a metric.

Valuation 36

Valuation Balance Sheet Cofounder Forecast 36

Ben's Blog

APRIL 1, 2011

Organizational design, process design, metrics, hiring and firing were all relatively straightforward skills to master compared to keeping my mind in check. At Loudcloud, when the dot com bubble burst and subsequently sent most of our customers into bankruptcy, it crippled our business and devastated our balance sheet.

Management 78

Management Cap Table Balance Sheet Bankruptcy 78

Up and Running

AUGUST 20, 2018

The most classic business planning scenario is for a startup, for which the plan helps the founders break uncertainty down into meaningful pieces, like the sales projection, expense budget, milestones, and tasks. Milestones and metrics. Startup businesses. The projections include sales, costs, expenses, and cash flow.

Business Plan 119

Business Plan Technical Review Lean Forecast 119

Up and Running

FEBRUARY 17, 2016

Word of mouth is no substitute for market research, says Ben Price, co-founder of Hard Knocks Brewing, a small brewpub in its second year of operation. Co-founders Jamie Floyd and Nikos Ridge leased their startup system from a family running a German restaurant out of a former brewpub. Metrics: Know your numbers. Is it losses?

Oregon 60

Oregon Jordan SBA Cofounder 60

Both Sides of the Table

MARCH 3, 2013

He believes that one of the financial metrics taught at business schools and reinforced by Wall Street has accelerated offshoring of industries. But “on capital employed” encourages companies to push more off balance sheet and thus into offshore & outsourced situations.

Bankruptcy 403

Bankruptcy Offshore Liquidation Preference Balance Sheet 403

Cracking the Code

MARCH 28, 2022

This number looks relatively low compared to $330B+ of cash and cash equivalents sitting on the balance sheet of the cloud giants and public companies in our global cloud Index. All of the data points to the fact that Europe and Israel are on the path to be as fertile as the US - and potentially even more - in the coming years.

Global 62

Global Europe Software Review 62

Startup Lessons Learned

JUNE 9, 2020

I've known Brian Chesky, Co-Founder, CEO and Head of Community at Airbnb for a long time. People, not just metrics. I think every founder, every CEO, every leader, could learn something, could take heart from Brian's example and I hope they will. Brian Chesky : I am Brian Chesky, co-founder, CEO, and head of community at Airbnb.

Silicon Valley 60

Silicon Valley Hosting Cofounder Employee 60

Up and Running

MAY 15, 2019

Word of mouth is no substitute for market research , says Ben Price, co-founder of Hard Knocks Brewing, a small brewpub in its second year of operation. Co-founders Jamie Floyd and Nikos Ridge leased their startup system from a family running a German restaurant out of a former brewpub. Metrics: Know your numbers. Is it losses?

Oregon 24

Oregon Jordan Software Review Distribution 24

Reid Hoffman

JUNE 8, 2021

While many travel industry leaders chose to “go dark,” as Airbnb CEO and co-founder Brian Chesky put it , while they decided how to navigate next steps, Chesky took a different approach: He got candid. Today, we are thrilled to have Airbnb CEO and co-founder Brian Chesky with us. We’ve kind of designed the kind of growth that we want.

Silicon Valley 69

Silicon Valley Hosting Rhode Island Design 69

Up and Running

MARCH 11, 2015

As the former co-founder and CEO of two technology companies, Caroline has experienced both start-up failures and successes, and has raised close to $1 million in investment capital. You should have a good solid executive summary, you should have full financials, and that means a projected balance sheet, P&L and cash flow.

Technical Review 60

Technical Review Software Review Due Diligence Exit Strategy 60

Reid Hoffman

JUNE 8, 2021

While many travel industry leaders chose to “go dark,” as Airbnb CEO and co-founder Brian Chesky put it , while they decided how to navigate next steps, Chesky took a different approach: He got candid. Today, we are thrilled to have Airbnb CEO and co-founder Brian Chesky with us. We’ve kind of designed the kind of growth that we want.

Silicon Valley 36

Silicon Valley Hosting Rhode Island Design 36

Up and Running

OCTOBER 29, 2015

Staying current and keeping fresh are all part of the “soft” metrics of planning for the exit, but are still important when it comes to not leaving money on the table. A complete and accurate current and historical view of both the company’s income statement and balance sheet will be necessary. Focus on value maximization.

Business Plan 60

Business Plan Due Diligence Intellectual Property Valuation 60