Startup Professionals Musings

NOVEMBER 9, 2015

The cost of entry to entrepreneurship is lower than ever, due to smartphone apps and powerful free tools to create websites and ecommerce offerings. Bootstrapping not only reduces cash needs, but increases commitment. Once you have a complete offering, with real revenue from real customers, it’s time to ramp up the business.

Bootstrapping 120

Bootstrapping Cofounder Equity Agile 120

Startup Professionals Musings

DECEMBER 30, 2016

Entrepreneurs don’t realize that Facebook spent over $100 million, before revenues from advertising turned cash positive. Until a new brand has national recognition or high promotion, it won’t be found or used by local customers or out of town visitors. Business founders need deep pockets for this model.

New York City 158

New York City Kansas Advertising Cash Position 158

Rob Go

DECEMBER 28, 2011

61M in Q3 revenue, up 28% YoY. Wayfair: This is somewhere between an exit and and a growth round, but the largest independent ecommerce company focused on the huge home/furniture category raised a $165M round from a group of growth, private equity, and venture investors. Tripadvisor: An amazing entrepreneurial story. market cap.

Technical Review 54

Technical Review Boston Software Review IPO 54

ConversionXL

JANUARY 9, 2019

Organize existing data into an idealized customer journey. Those interactions occur across teams (marketing, sales, customer support) and platforms (analytics, CRM, email). It starts with a survey of all known customer data. Step 2: Organize existing data into an idealized customer journey. Analyze and act on that data.

Sales Cycle 127

Sales Cycle Bootstrapping Conversion Web 127

YoungUpstarts

AUGUST 24, 2017

Subscription business models have been around for a pretty long time, but thanks to modern technology, this model has evolved from milk or newspapers delivery to a versatile eCommerce experience. Subscription business brings recurring revenue. It is a bootstrappable model. It is a bootstrappable model. Conclusion.

Churn Rate 149

Churn Rate eCommerce Business Model Bootstrapping 149

YoungUpstarts

OCTOBER 31, 2016

It’s much lower cost, meaning it’s possible to bootstrap your way up. And they want people who can produce great copy to sell their credentials to their customers. In effect, we’ve seen home beer making go the same way as the home ecommerce business. Her company is now set to rake in more than a million dollars in revenue.

Green 100

Green Chicago Washington Bootstrapping 100

ConversionXL

NOVEMBER 6, 2019

Then we ship it to customers way before it’s ready. For this article, we asked 14 SaaS CEOs a simple question: “How much did you spend on your MVP before you had your first dollar of revenue?”. Rejoiner , an email platform for ecommerce sites, began as a side project. million in revenue a year. . Qualified.io

Sweat Equity 78

Sweat Equity Software Review Vesting Cofounder 78

Hippoland

MARCH 13, 2016

Do you bootstrap and attempt to raise again when you have made more progress? To be clear, growth means increased revenue or increased number of users/customers (or both!). It’s measured in revenue results. Could you turn $50M into $1B in revenue in the next 2 years? Below your target raise? Your target raise?

Seed Stage 48

Seed Stage .Net Revenue Acquisition 48

ConversionXL

NOVEMBER 6, 2019

Then we ship it to customers way before it’s ready. For this article, we asked 14 SaaS CEOs a simple question: “How much did you spend on your MVP before you had your first dollar of revenue?”. Rejoiner , an email platform for ecommerce sites, began as a side project. million in revenue a year. . Qualified.io

Sweat Equity 50

Sweat Equity Software Review Vesting Cofounder 50

ConversionXL

MARCH 13, 2013

Total revenue – Yes total revenue is generally a vanity metric. Great you’ve got revenue. Get more revenue? What info do I need: I need to know if I can acquire customers in a scalable fashion for significantly less than they are worth long term. Analytics are about people, so talk to your customers.

Metrics 111

Metrics Analytics Aggregator Revenue 111

Up and Running

NOVEMBER 27, 2017

Certain questions can reveal whether your initial business concept fits into the nature of subscription businesses: Would your business make your customer’s life easier? Maybe they are providing affordable razor blades in a convenient manner that saves customers money, and also solves the pain point of forgetting to pick up blades.

Curation 68

Curation Business Model SEO Social Media 68

Up and Running

MARCH 24, 2015

You’ll also want to customize your look through WordPress themes or graphic design. You don’t need to wait for your WordPress customization or designer to be finished before testing your basic premise by seeing how well your landing page converts into email signups. Get customers online. Get customers in real life.

New York City 60

New York City Web New York San Francisco 60

Up and Running

MAY 23, 2016

In fact, SaaS industry revenue is projected to grow from $49 billion in 2015 to $67 billion in 2018, a compound annual growth rate of approximately eight percent. A description of the problem you’re solving for your customers, and your solution to the problem, which is usually your product or service. Solve a problem you can relate to.

Software Review 74

Software Review Software Delaware Forecast 74

Austin Startup

FEBRUARY 24, 2019

It is a non-profit, unlike eTail or Internet Retailer (today I hear that Shoptalk is the biggest eCommerce conference), and it is where the highest level people in digital retail go as a result. They will bring you revenue, delight your clients (the right salespeople care about the ultimate value delivered?—?not all in real-time?—?and

Software Review 48

Software Review Sales Cofounder Analytics 48

ConversionXL

JUNE 13, 2016

Because A/B testing considers only a part of the entire customer base (your sample), there are always uncertainties as to actual effects. The goal of the test, however, is to carry-over the effect measured by the test onto the entire customer base. This the most common KPI for an eCommerce shop.

Distribution 48

Distribution Conversion Non-Compete Revenue 48

Steve Blank

OCTOBER 10, 2016

Christina Stembel , founder of Farmgirl Flowers, an ecommerce floral delivery company. You have to be 1000% dedicated to the mission and the problem you’re trying to solve and always be customer focused, because it is a long ride. I thought all of these are raising $5 million, $10 million, $15 million pre-revenue.

Entrepreneur 262

Entrepreneur Cofounder San Francisco Campaign 262

Up and Running

FEBRUARY 20, 2015

Bootstrapping your business. If you aren’t familiar with the term, bootstrapping, also known as “self-funding,” refers to the various methods entrepreneurs can use to fund their startups beyond funding sources like small business loans. Using a side business to bootstrap your startup. Let’s begin.

Bootstrapping 60

Bootstrapping Startup Louisiana Cofounder 60

Steve Blank

OCTOBER 10, 2016

Christina Stembel , founder of Farmgirl Flowers, an ecommerce floral delivery company. You have to be 1000% dedicated to the mission and the problem you’re trying to solve and always be customer focused, because it is a long ride. I thought all of these are raising $5 million, $10 million, $15 million pre-revenue.

Entrepreneur 120

Entrepreneur Cofounder San Francisco Campaign 120

ConversionXL

FEBRUARY 7, 2017

Especially if you’re optimizing your site for revenue, you should care about outliers. Though outliers will show up in many analysis situations, for the sake of conversion optimization, you should mostly be concern about tests where you’re optimizing for revenue metrics like Average Order Value or Revenue Per Visitor.

Distribution 48

Distribution Revenue Analytics Metrics 48

mashable.com

SEPTEMBER 22, 2008

Accounting, Billing, Invoicing, Estimating & Contracts LiteAccounting – Invoice and track payment from your customers without a bunch of extra, useless features. endeve – Issue invoices, manage clients and check revenues all in one place. Invoice Journal – Free invoicing program.

Software Review 78

Software Review Social Media Social Network Software 78