Steve Blank

APRIL 1, 2020

Your revenue plans are no longer valid. What’s your monthly cash burn at your new low revenue level? The CEO should dial through as many of the largest existing customers to get a firsthand understanding of the magnitude of any revenue shortfall. Some VC’s are walking away from signed term sheets.

South Korea 334

South Korea Salary Business Model China 334

Steve Blank

FEBRUARY 26, 2020

There are two reasons to raise money: You have a killer idea that is only partially validated, that you think can get to $50M+ of revenue in 5 years with 80%+ gross margins (if margins are lower, you need a lot more revenue)and you need money to get to product-market fit, or. Revenue per customer? Revenue, Gross Margin?

Cofounder 431

Cofounder Seed Stage Valuation Metrics 431

ReadWriteStart

OCTOBER 6, 2011

Sramana Mitra is the founder of the One Million by One Million (1M/1M) initiative, an educational, business development and incubation program that aims to help one million entrepreneurs globally to reach $1 million in revenue and beyond. The rest of the services are for paying members only. This is where numerous ventures fail.

Silicon Valley 118

Silicon Valley India San Francisco Entrepreneur 118

Life Beyond Code

SEPTEMBER 27, 2011

One Million by One Million is a global initiative that aims to nurture a million entrepreneurs reach a million dollars each in annual revenue and beyond by 2020, thereby creating a trillion dollars in global GDP and ten million jobs. The rest of the services are for paying members only. 1M/1M Program has a bold mission.

Programming 116

Programming Silicon Valley Bootstrapping Technical Review 116

mashable.com

JUNE 11, 2013

First, whatever your idea is, rest assured its been thought of before. We spent six months fundraising only to walk away once we had a term sheet in hand because we realized we were making enough money to sustain and grow the business on our own terms. Follow @mashable. see more > Search. Social Media. Entertainment.

Cofounder 111

Cofounder Technical Review Startup Software Review 111

Startup Lessons Learned

AUGUST 17, 2020

They found ways to support longterm care facilities, homeless shelters, and other locations serving those most at risk, all while schools, their main source of revenue, were closed. We literally started just as we got our first term sheet for investment on the day that we graduated from business school in June of 2006.

Cofounder 60

Cofounder Security Founder Entrepreneur 60