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Choose Your VC Investor Carefully

Both Sides of the Table

One theme that I always get is, “I’ve gotten an offer from a VC, but they want me to do X, what do you think?&# X is always something non-standard that the entrepreneur knows in his gut isn’t right. I tried to make the case that cost was only one factor and India was already an order of magnitude cheaper than the UK.

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Should Startups Care About Profitability?

Both Sides of the Table

If you hire 6 senior sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business 6 months. COGS” represents the amount that each sale costs you. They both raised angel / seed money of $1.5 Not necessarily.

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Splunk Founder Now Launches Entrepreneurs, Not Startups

ReadWriteStart

Today Baum heads up a non-profit called Founder.org , where he’s applying the lessons he learned from his own startups to help student entrepreneurs launch their companies. In Paris today at the World Founder Forum he announced the top 10 student team winners who split $1 million in seed money prizes.

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From Nothing To Something. How To Get There.

techcrunch.com

Also, for the full time coder, you may violate your employee contract especially in the area of non-competes or just plain piss off your boss when he finds out how much time you have been putting into a side project when deadlines were looming. The project was so low cost they did not even want to bother with it.

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Let’s Tax the Boy Scouts

Gregg Fraley, Author of Jack's Notebook

One must have at least seed money, or more, to get a start-up going. A credit union is a membership organisation, and, are non-profit by definition. They do good work, mostly, and since they are non-profit, our tradition, history — and law — has been to not tax them, and this has been a very good thing by and large.