Startup Professionals Musings

NOVEMBER 13, 2012

In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front. General startup expenses are beyond your means.

Sweat Equity 239

Sweat Equity Technical Review Bootstrapping Equity 239

Startup Professionals Musings

SEPTEMBER 22, 2011

In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front. General startup expenses are beyond your means.

Sweat Equity 255

Sweat Equity Technical Review Entrepreneur Bootstrapping 255

Gust

DECEMBER 15, 2013

In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front. General startup expenses are beyond your means.

Bootstrapping 183

Bootstrapping Sweat Equity Entrepreneur Technical Review 183

Startup Professionals Musings

JANUARY 11, 2021

The average amount per startup has been $23,000, usually in the form of a convertible loan, rather than an equity investment. The vehicle of choice is most often a convertible note, which is really a loan with a specified duration and interest, with an option to convert it to equity when professional investors come in later.

Sweat Equity 346

Sweat Equity Elevator Pitch Equity Venture Capital 346

socialmatchbox.com

OCTOBER 23, 2010

If you have a friend who is a recruiter then ask them to tell you what they recommend that will not cost anything. This means considering what the opportunity cost for working on a high risk venture is relative to other things they can spend their time on. If they own a Mac Book Pro that may cost around $1,800 bucks (new).

Part-Time VPE 41

Part-Time VPE Sweat Equity DC Washington 41

The Startup Toolkit

AUGUST 29, 2012

But they also need to see a product team , and hiring someone to build your version 1 does not bring you any closer to finding a team. So is there ever a time when it’s wise to hire out your prototype? For example, if you are a service business that has a website, hiring out version 1 makes perfect sense.

Sweat Equity 45

Sweat Equity Bootstrapping Equity Salary 45

Startup Professionals Musings

APRIL 6, 2016

It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down. With one of the new free tools and a dose of sweat equity, you can create a website for almost nothing -- and you are on your way to success with ecommerce, your latest invention or personal services.

Bootstrapping 120

Bootstrapping Hockey Stick Sweat Equity Intellectual Property 120

YoungUpstarts

AUGUST 10, 2016

Depending on what business you aspire to own, the capital costs can be anywhere between virtually nothing to as much as a million dollars or more. You could find cheap products to buy at auctions and hire third party professionals to fix the product before you sell.

Sweat Equity 100

Sweat Equity Lead Generation Demand SEO 100

YoungUpstarts

APRIL 12, 2016

To do this, you will need to invest money in hiring programmers who can build and maintain the app. This way, you can focus your initial days of business in building the marketplace instead of developing an app that costs money. Find marketing opportunities that does not cost money. That seems like a lot of capital.

Cofounder 100

Cofounder Sweat Equity Startup Seed Capital 100

Startup Professionals Musings

JUNE 1, 2015

The average amount per startup was $23,000, usually in the form of a convertible loan, rather than an equity investment. The vehicle of choice is most often a convertible note, which is really a loan with a specified duration and interest, with an option to convert it to equity when professional investors come in later.

Sweat Equity 120

Sweat Equity Entrepreneur Elevator Pitch Equity 120

Up and Running

DECEMBER 23, 2019

Sweat Equity. “I This way your biggest cost is just your personal time. Hire somebody on Upwork or a prototyping agency to create a super simple, stripped-down version ( minimal viable product ) that demonstrates your product. I did this by budgeting for my expenses in order to cover the costs I needed.

Finance 92

Finance Sweat Equity Bootstrapping Entrepreneur 92

Up and Running

APRIL 10, 2019

Many businesses will hire recruiting and onboarding agencies to find employees for their burgeoning digital marketing agency, but if you’re going to build an agency without funding then you need to be doing this yourself. When you’re ready, you can hire the right people for the culture that you create around your business.

Marketing 79

Marketing Bootstrapping Sweat Equity Harvest 79

Up and Running

FEBRUARY 12, 2019

Investors want to hear about your first customers, other investments put into the company (including your own sweat equity), key media placement, signed letters of intent (LOI) to purchase/partner, product and customer milestones , key hires, and so on. is our customer acquisition cost (CAC). 5 percent monthly churn rate.

Sweat Equity 122

Sweat Equity Churn Rate Elevator Pitch Forecast 122

Up and Running

JANUARY 24, 2014

Investors want to hear about your first customers, other investments put into the company (including your own sweat equity), key media placement, signed letters of intent (LOI) to purchase/partner, product and customer milestones, key hires, etc. is our customer acquisition cost (CAC). 1,000 new leads captured per month.

Sweat Equity 138

Sweat Equity Churn Rate Forecast Business Model 138

ConversionXL

NOVEMBER 6, 2019

“We also got lucky and qualified for some startup benefits with companies like Rackspace, who covered our infrastructure costs for the first year,” continues Arsenault. “We Gadea leveraged his connections in Silicon Valley to seed viral distribution of the product, which, in turn, generated the revenue to hire engineers and scale the company.

Sweat Equity 78

Sweat Equity Software Review Vesting Cofounder 78

Berkonomics

OCTOBER 15, 2020

It extends the cash available for research and other necessary fixed costs and gives the fragile, young company more “runway” to get to breakeven. If you had to replace yourself with a professional hired to duplicate your skills, what would you have to pay in salary and incentive today? What are you worth to the business?

Sweat Equity 62

Sweat Equity Equity Business Plan Balance Sheet 62

www.virtuosimedia.com

MARCH 8, 2012

Your product must solve an actual need, have a profitable market size, differentiate itself from the competition, generate sufficient interest from your target market, be cost-effective to produce in a timely manner, and have a clear marketing path. Research the cost of advertising your product.

Technical Cofounder 41

Technical Cofounder Cofounder Technical Review NDA 41

Growthink Blog

MAY 23, 2011

An entrepreneur starts a company in classic " bootstrap " fashion - with a combination of sweat equity and their own financial resources. Technical progress and market traction are much slower and cost a lot more than anticipated. And they hire very aggressive securities attorneys to represent their interests.

Angel Investor 112

Angel Investor Venture Capital Sweat Equity Cram Down 112

ConversionXL

NOVEMBER 6, 2019

“We also got lucky and qualified for some startup benefits with companies like Rackspace, who covered our infrastructure costs for the first year,” continues Arsenault. “We Gadea leveraged his connections in Silicon Valley to seed viral distribution of the product, which, in turn, generated the revenue to hire engineers and scale the company.

Sweat Equity 50

Sweat Equity Software Review Vesting Cofounder 50

infochachkie.com

SEPTEMBER 24, 2011

For instance, many a BDC CEO has initiated a consultant to study cost cutting issues before announcing a significant layoff. Unlike employee training costs, which can typically be spread over years of service, the relative return from training a consultant is modest and pricey. Pyramid Power. link] Luis Rivera. link] Luis Rivera.

Equity 40

Equity Silicon Valley Cofounder PR 40

chrischandler.name

NOVEMBER 1, 2010

If you’ve considered finding and asking a developer for his or her time in exchange for sweat equity, I’m going to strongly advise you against it. Investing time in your goals, when they could be developing their own, comes across as a high opportunity cost with an extremely unlikely payoff.

Equity 40

Equity Developer Entrepreneur Syndicate 40

grasshopperherder.com

SEPTEMBER 24, 2011

Piercing the Corporate Veil – Sweat Equity Consulting. But much like becoming a co-founder, getting paid sweat equity is essentially becoming an investor in the company. If you did, why would you be consulting for sweat equity instead of investing as a VC or for yourself? GrasshopperHerder.com.

Sweat Equity 41

Sweat Equity Equity Cofounder Non-Compete 41

www.thestartup.eu

OCTOBER 23, 2010

Let’s break down their costs: Logo design: a simple contest on 99designs with a $300 prize. Total cost: $5000. Total cost: $100. Sweat Equity: Juliette and Marco put in a bit of work during weekends as project managers, designers, developers, sysadmins, etc. Developers are in Argentina, Ukraine and Russia.

Bootstrapping 49

Bootstrapping Italy Sweat Equity Europe 49

rapidrollout.wordpress.com

OCTOBER 23, 2010

How can I go about looking for a (very) good programmer willing to do this as sweat equity? You can find a technologist to join you as a partner, for half of the company’s equity. Or you can find seed-stage investors who will give you the money to hire a developer. What will it cost to build your project?

Technical Review 40

Technical Review Fractional CTO Partner CTO Hire 40

Up and Running

JUNE 26, 2017

Mark Cuban has famously said, “Sweat equity is the best startup capital.” You might even want to hire a professional! They made a mistake that cost them a lot of time and money, but they brushed it off, learned from it, and adapted. Who do you know that can help you? How does our name reflect this service?

Sweat Equity 145

Sweat Equity Business Plan Naming eCommerce 145

www.chubbybrain.com

SEPTEMBER 28, 2011

Don’t exacerbate the issue by needing to figure out how to deal with large equity deadweight on your hands (investors won’t like that the #2 stakeholder is absent, even estranged, from your company). So, the best way of dealing with this issue is to take a long, long vesting period for all major sweat equity founders.”.

Cofounder 89

Cofounder Startup Technical Cofounder CTO Hire 89

www.chubbybrain.com

SEPTEMBER 28, 2011

created a vastly higher cost structure; I had 80 people mostly on base salaries under $100,000 and was bringing in revenue at the rate of $20 million annually. Contributing to the high cost structure was the new culture of working 9-5 Monday through Friday. Post-Mortem Title : My eHarmony for Hiring Failure. Company : YouCastr.

Software Review 79

Software Review Startup Technical Review Vesting 79

Women Entrepreneurs Can

MAY 9, 2019

During the early days, these are your key contributors and they must be willing to put as much sweat equity into the organization as you are. Scaling will increase the cost it takes to do business and it often does it before you’re able to generate additional revenue in the traditional way your company acquires sales.

Programming 40

Programming Sweat Equity Startup Private Equity 40

sivers.org

JUNE 25, 2010

Derek Sivers about me blog books email list contact How to hire a programmer to make your ideas happen 2010-06-19 Do you have an idea for a website, online business, or application, but need a programmer to turn that idea into reality? Youll estimate time and cost better. Hire one from each. The requirements are as follows.”

CTO Hire 84

CTO Hire Hiring Software Review Technical Review 84

Ben's Blog

FEBRUARY 23, 2011

The best companies invest time, money, and sweat equity into becoming world-class recruiting machines. Is it fair game to hire employees from your friend’s company? Nevertheless, almost every CEO will be faced with the decision on whether or not to hire an employee out of her friend’s company. Will you still be friends?

Hiring 78

Hiring Sweat Equity Employee Engineer 78