Remove Burn Rate Remove Finance Remove Hiring Remove Operations
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How Great, Operationally-Focused CFO’s Can Transform Your Business

Both Sides of the Table

For a well-funded seed company I have controversially recommended hiring a great office manager that doubles as an administrative assistant. This happens because many CEOs are passionate, market-driven people who are constantly trying to launch new products, win contracts, get press, hire staff and woo VCs. HR & Legal.

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3 Ways Structure Can Take Your Tech Startup To New Heights

YoungUpstarts

Speaking intelligently about your company’s current (and future) performance means regular check-ins with your finances. Use burn rate as an example. If you don’t understand how much money your company is burning through each month, how can you expect to intelligently talk about your fiscal health? Get it all in writing.

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Create Structure out of the Gate and You’ll Thank Yourself Later

Feld Thoughts

Here’s the punchline: if you run your company as if you have closed a VC equity financing round even though you actually closed a convertible debt round, you’ll be in much better shape when it comes time to raise your Series A financing. They close on the $750k, hire a buddy or two, buy some Macs, and get to work.

Burn Rate 152
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How much does it cost to build the world’s hottest startups?

The Next Web

Therefore, if you want to bring an MVP ( Minimum Viable Product ) to market, Werdelin approximates that you’ll need $50,000 to $250,000 , depending on the skill sets of the developers and designers you hire. Suddenly, those multi-million dollar financing rounds that startups raise don’t seem so outrageous! 4) WhatsApp.

Cost 168
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Startup Grind Turns the Tables on Mark Suster

Both Sides of the Table

I got a job at a bank, and I worked in their corporate finance group. We had a finance group for all of the bank branches based in San Diego, and I wrote programs to download stuff from the mainframe so we could do analysis three days faster than they could send us the data. Should I hire or not hire this person?

Cofounder 337
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9 Metrics Every Entrepreneur Should Know About Their Business Offhand

Up and Running

This impacts every decision related to your business, from hiring more staff to expanding product offerings to investing in marketing. – Ben Rubenstein , Yodle. This includes a general understanding of the finances. No Specific Metric. I believe all entrepreneurs should know their business.

Metrics 146
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ProfessorVC: Burn Rate

Professor VC

The burn rates of my portfolio companies is certainly top of mind right now, but thats not what this post is about. Well, our VP Operations at Fliqz, Daniel Marcus , dabbles in creating writing and music when not managing our data center. Wednesday, July 22, 2009. Not yet anyway.Things may change by the end. Steve Bennet.