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What Founders Need to Know: You Were Funded for a Liquidity Event – Start Looking

Steve Blank

But startups require money upfront for product development and later to scale. For the first few years, your VCs want you to keep your head down, build the product, find product/market fit and ship to get to some inflection point (revenue, users, etc.). But there’s only one reason your company got funded. ——-.

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How to Pick the Right Attorney For Your Startup

Up and Running

Picking the right attorney in your startup is as important as picking the right business partner. You can’t underestimate the importance of selecting an attorney who “gets” your business model, your market opportunity, and most importantly, your fundraising and exit strategy. The deal we made with him was he’d get 33.3%

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Public Venture Funding Could Help Build Canada’s Tech Talent

ReadWriteStart

By being public, companies can better attract qualified employees with stock options, helping them buy into the long-term success of the business. Both federal and regional governments are working to develop innovation incentives that could develop more appealing job opportunities for local and international professionals.

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Beware The Consultant

infochachkie.com

There is an inherent conflict in a consultant’s business model and the needs of a startup. Such positions include: PR, Sales, Product Development, Lead Generation, Strategic Planning, Fund Raising, etc. The final straw came when I asked the latest 25-year old a simple ‘yes / no’ question related to stock options.

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Smart Bear Live 8: Edwin from MeetingKing.com

A Smart Bear: Startups and Marketing for Geeks

You have your general management meeting and in your general management meeting you talk about product development, about marketing and about finance. Edwin: Oh sorry, so the business model. Edwin: The business model is that the organizer has to pay. Do you think that’s a good business model?

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From Nothing To Something. How To Get There.

techcrunch.com

Nosake From nothing to losing money every month with no business model in sight. Without having deep connections in the SV/VC community, there is no way that a “guy with an idea” will crack into that world without a strong (really strong) business model. Hopefully your idea of business model isn’t “ad revenue based”.

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Scaling the Chasm

Seeing Both Sides

People: founder-run and trying to recruit amazing technical talent (the product development team is a huge priority at this stage) and integrate a few senior managers to help prepare the company for scale - which leads to cultural clashes and communication challenges. Time to enlist some 3rd party developers!