Remove Cofounder Remove Matching Remove Seed Money Remove Valuation
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Instead of sticking a fork in the venture market, realize. there is no fork

This is going to be BIG.

How else can you explain this headline matching a story about a professional social network still trying to explore revenues raising $17mm on an $80mm valuation? Did I mention it only took the founder a month? Most founders that get funded know their backers or have close connections to them well before they officially "pitch.".

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Startups Should Make Their First Dollar Before They Raise Their First Dollar

ReadWriteStart

How can either of you confidently give a valuation of a business that doesn’t make money? According to Devon Fanfair, co-founder of startup studio Devland , “building companies that demonstrate enterprise value is the best path for new builders because they generate revenue with very little investment.

Startup 130
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article thumbnail

Startups Should Make Their First Dollar Before They Raise Their First Dollar

ReadWriteStart

How can either of you confidently give a valuation of a business that doesn’t make money? According to Devon Fanfair, co-founder of startup studio Devland , “building companies that demonstrate enterprise value is the best path for new builders because they generate revenue with very little investment.

Startup 78
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How to Start a Startup

www.paulgraham.com

And since a startup thatsucceeds ordinarily makes its founders rich, that implies gettingrich is doable too. They all use the same simple-minded model.They seem to have approached the problem by thinking about how todo database matches instead of how dating works in the real world.An Andyet theres a lot of money at stake.

Startup 105