Gust

JUNE 10, 2012

Establishing the legal structure for your business, registering trademarks, filing copyrights and patents, and drafting partnership agreements used to require extensive attorney fees and ongoing consultation. I now see and believe business plans that budget $1K for all this, versus a previous $20K or more. Facilities and staff.

Cost 139

Cost Burn Rate SEM Startup 139

Startup Professionals Musings

FEBRUARY 13, 2010

Establishing the legal structure for your business, registering trademarks, filing copyrights and patents, and drafting partnership agreements used to require extensive attorney fees and ongoing consultation. I now see and believe business plans that budget $1K for all this, versus a previous $20K or more. Facilities and staff.

Burn Rate 125

Burn Rate SEM Social Network Angel Investor 125

Steve Blank

NOVEMBER 2, 2009

The key contributors to an out-of-control burn rate is 1) hiring a sales force too early, 2) turning on the demand creation activities too early, 3) developing something other than the minimum feature set for first customer ship. And most startup code and features end up on the floor as customers never really wanted them.

Lean 244

Lean Silicon Valley Startup RSS 244

Startup Lessons Learned

MARCH 13, 2009

Figuring this out takes time, and few entrepreneurs have the patience to wait it out, because the business plan does such a good job of explaining what customers are going to think. The problem is that customers dont read your business plan. The Lean Startup Intensive is tomorrow at Web 2.0. Expo SF (May.

San Francisco 168

San Francisco PR Lean Early Stage 168

dondodge.typepad.com

JANUARY 15, 2011

The theory is that if they trust you and your business plan enough to give you $5M, then you have probably created something that is already worth $5M. My next post will be about the importance of cash flow, keeping burn rates low, and how to avoid excessive equity dilution. Many web 2.0 I think that is great.

Equity 40

Equity Employee Dilution Valuation 40

Professor VC

JANUARY 20, 2009

Evaluate Business and Financing Needs - We initially went out seeking $10 million in financing, but listened to the prospective investors and watched the market. Mid-way through the process, we took another cut at our business plan and built a model where $5 million would be sufficient to get us beyond breakeven. ► July.

Venture Capital 28

Venture Capital Silicon Valley San Jose Bootstrapping 28

Up and Running

AUGUST 21, 2014

We also use Optimizely and then we’ve got some home-built A/B testing software that we’ve actually—tools, not software—that are our web developers have built. Business Planning Videos Business Planning Webinar Videos (Blog) metrics saas tracking webinar' Before we used KISSmetrics, we used Totango.

Metrics 84

Metrics Startup Churn Rate Forecast 84

www.paulgraham.com

APRIL 28, 2010

If you get a call from a VCfirm, go to their web site and check whether the person you talkedto is a partner. Odds are it will be a junior person; they scourthe web looking for startups their bosses could invest in. Most firmsalso have a handful of junior employees called something likeassociates or analysts.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Professor VC

OCTOBER 11, 2010

I did a little searching around the web to try and find a truth vs. fiction comparison, but the closest I found was "The 10 Most Glaring Lies In The Social Network" on the Business Insider. I'd be happy to send you our business plan, exec summary, and ppt. If you havent seen it yet, can check out the trailer below.

Social Network 28

Social Network Networking Software Review San Jose 28