Remove Bootstrapping Remove Cost Remove Matching Remove Revenue
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9 Messages From Sales Training May Save Your Startup

Startup Professionals Musings

I recently found the classic sales training book “ Bootstrap Selling The Sandler Way ,” by Bill Morrison, who has 20 years in sales leadership roles, and I was amazed at how many of his sales lessons are great lessons for new entrepreneurs as well. With the best solutions, the customer gets value which exceeds your revenue.

Sales 348
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Flexible VCs With Structures Between Equity and Revenue-Based Investing

David Teten

This essay is part of a series on alternative VC: I: Revenue-Based Investing: a new option for founders who care about control. II: Who are the major Revenue-Based Investing VCs? III: Why are Revenue-Based VCs investing in so many women and underrepresented founders? IV: Should your new VC fund use Revenue-Based Investing?

Equity 78
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The Stairstep Approach to Bootstrapping

Software By Rob

The interesting part is that my own path moving from consulting to products followed the same steps, as you can see in my product revenue chart from the past decade: Each revenue jump is when I made the move to the next step of the Stairstep Approach. With that in mind, how do you give yourself the best chance of avoiding failure?

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6 Strategies To Find An Investor For Your New Venture

Startup Professionals Musings

The first step is to set your criteria, including a match for your sector type and stage, and then proactively seek out and contact the best candidates: Review profiles on professional social media sites. Searching LinkedIn, for example, is a must for contemporary entrepreneurs.

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6 Tips On Where And When To Look For Startup Funding

Startup Professionals Musings

The first step is to set your criteria, including a match for your sector type and stage, and then proactively seek out and contact the best candidates: Review profiles on professional social media sites. Searching LinkedIn, for example, is a must for contemporary entrepreneurs.

Stealth 434
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How to value your company for sale (Part 1)

A Smart Bear: Startups and Marketing for Geeks

I recently helped a friend broker the sale of his small, bootstrapped company. They’ve heard rules of thumb like “A growing software company is worth 5 times their trailing 12-months revenue.&# Even narrowing the field as much as feasible, revenue multiples varied between 1.2x Profit multiples varied even more.

Sales 260
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8 Myths Technologists Believe That Sink Businesses

Startup Professionals Musings

Thus it’s a waste of time for most entrepreneurs to be looking for investors until they have a product and some customer revenue. Most founders bootstrap product development. The best technologies are barely invisible and low cost. The right marketing efforts can cost as much as the technology.