Up and Running

SEPTEMBER 19, 2018

The problem is that they sell extremely similar products, and customers in the area are becoming more adventurous and seeking variety. You provide extensive customer service and a variety of rewards options for customers. You provide extensive customer service and a variety of rewards options for customers.

Business Plan 154

Business Plan Technical Review Forecast Software Review 154

Growthink Blog

DECEMBER 27, 2017

Customer Analysis Goal of customer analysis section: Convey the needs of your customers and show how your company’s products/services satisfy those needs. Define your customers precisely. How many customers fit the definition? Where are these customers located? Identify the needs of these customers.

Venture Capital 129

Venture Capital Business Plan Technical Review Private Placement 129

Startup Professionals Musings

MARCH 10, 2023

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Productivity and repeatability is the hallmark of a good business, whereas a hobby usually assumes everything is custom built and personal.

Exit Strategy 288

Exit Strategy Metrics Operations Cost 288

YoungUpstarts

SEPTEMBER 19, 2018

I started with a custom t-shirt printing company, branched out into a creative agency and then spun out a software solution from my t-shirt business that you see today as EMERGE App. Secondly, I get a flood of emails, chats and messages from customers and prospects every day. Or look for another revenue generating angle.

South America 113

South America Software Review Thailand Vietnam 113

Startup Professionals Musings

OCTOBER 8, 2023

Make sure these cover your business model and exit strategy, so the angels see how both of you will make a reasonable return. Angels need to see a proven business model, with a working prototype and preferably a real customer or two. Opportunity sizing and financial projections must be credible.

Venture Capital 265

Venture Capital Accredited Investor Syndicate Syndication 265

Up and Running

JANUARY 2, 2013

Customer Acquisition : This is usually one of the most skipped sections of an investor pitch and a full business plan. How will you reach your customers? Your financials should easily allow you to calculate your customer acquisition costs. How much will it cost? How will you measure success?

Hockey Stick 164

Hockey Stick Exit Strategy Technical Review Due Diligence 164

Startup Professionals Musings

OCTOBER 7, 2022

Angel investors will perk up if you have a prototype or a few real customers, while venture capitalists will likely choose to wait until you have achieved several million in revenue or customer count. If you have a good idea, but haven’t started yet, only friends, family and fools will likely be interested.

Preferred Stock 304

Preferred Stock Exit Strategy Equity Angel Investor 304

YoungUpstarts

JANUARY 10, 2018

Profile Your Customer Base. Another element that affects a business’s sellability is the state of its customer base. More sellable companies will typically have ‘better’ customers than ones that need a little more time to mature into a company that’s ready to change ownership. Another important metric is churn.

Valuation 145

Valuation Technical Review Exit Strategy Metrics 145

Startup Professionals Musings

JANUARY 7, 2013

Based on the final report for 2012 from Thomson Reuters and the National Venture Capital Association (NVCA), it may appear that IPOs are back as a viable startup exit strategy. Use friends, family, and angels, if possible, to get a product, revenue, and customers first before the VC connection.

Venture Capital 252

Venture Capital IPO Elevator Pitch Initial Public Offering 252

Startup Professionals Musings

MARCH 11, 2016

Angels are most interested to help you scale the business, once you have real customer traction and ready to break out. Remember that angel investors are buying equity in your business, so they are not impressed with a customer presentation. Assemble a team with the requisite expertise and experience.

Angel Investor 120

Angel Investor Intellectual Property Accredited Investor Angel Groups 120

YoungUpstarts

JUNE 9, 2018

Between choosing location in new cities to creating an exit strategy after you attain success, penetrating a new market requires a strategic plan. Research these three key customer boundaries for information on each market segment: Demographics. Customer habits. Map Out an Exit Strategy. Psychographics.

Jacksonville 189

Jacksonville Due Diligence Exit Strategy Marketing 189

Startup Professionals Musings

JUNE 7, 2020

Entrepreneurs need to document a process of responding to a market need, sizing opportunity, assigning a specific business model, and planning for marketing, sales, and customer satisfaction. Productivity and repeatability is the hallmark of a good business, whereas a hobby usually assumes everything is custom built and personal.

Entrepreneur 328

Entrepreneur Exit Strategy Metrics Operations 328

Up and Running

AUGUST 28, 2018

Then you’ll think through your ideal customer , your competition , and your opportunities for growth. Your funding ask and exit strategy, if applicable. Positioning : Describe how you will present your company to your customers with your positioning statement. Problem and solution. Your operations plan. Financial plan.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Growthink Blog

APRIL 13, 2011

Interestingly, I'm a Tiny Prints customer. So, I became a customer. The process of preparing your company for sale is called "exit strategy planning." We recently formalized our exit strategy planning consulting service. the online seller of personalized cards, invitations, stationery and photo books.

Exit Strategy 69

Exit Strategy Intellectual Property Acquisition Stock 69

Startup Professionals Musings

NOVEMBER 4, 2011

Remember to aim the content of both of these at investors, not customers. It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Close at least one initial customer. Prepare an investment-grade business plan. Finalize your financial model.

Intellectual Property 249

Intellectual Property Angel Investor Technical Review Elevator Pitch 249

Berkonomics

JUNE 22, 2023

Test yourself as to whether you can identify the size of your market niche, and whether you can overcome the many barriers to access customers within your niche. A strategic relationship with one or more of the largest customers? Some great ideas just cannot be made into a product at a reasonable enough price to attract customers.

Exit Strategy 114

Exit Strategy Technology Revenue Conversion 114

Startup Professionals Musings

FEBRUARY 25, 2023

Yet one of the first things a potential equity investor asks about is your exit strategy. Here are three important reasons for the question: Good investment paybacks normally require an exit event. This alternative is often paired with a personal no-exit strategy. IPO – public company initial public stock offering.

Exit Strategy 264

Exit Strategy Private Equity Equity Technical Review 264

Startup Professionals Musings

OCTOBER 14, 2016

If you don’t yet have a hundred investors knocking on your door, it’s time to put more focus on viral marketing, closing customers, and exponential growth. Credible yet flexible exit strategy. When top tier investors compete for a piece of the action, the price can go up exponentially. Keep working on increasing the momentum.

Intellectual Property 120

Intellectual Property Valuation Merger Exit Strategy 120

Startup Professionals Musings

JANUARY 4, 2020

Angel investors will perk up if you have a prototype or a few real customers, while venture capitalists will likely choose to wait until you have achieved several million in revenue or customer count. If you have a good idea, but haven’t started yet, only friends, family and fools will likely be interested.

Startup 337

Startup Preferred Stock Exit Strategy Equity 337

Startup Professionals Musings

JANUARY 27, 2021

Make sure these cover your business model and exit strategy, so the angels see how both of you will make a reasonable return. Angels need to see a proven business model, with a working prototype and preferably a real customer or two. Opportunity sizing and financial projections must be credible.

Search 317

Search Accredited Investor Angel Investor Venture Capital 317

Steve Blank

NOVEMBER 18, 2016

It struck me as I watched the teams try to find how their technology would solve real customer problems, is that machine learning is following a similar pattern of previous technical infrastructure innovations. Get of the building and test those hypotheses using customer development. Exit Strategy.

Artificial Inteligence 318

Artificial Inteligence Lean Exit Strategy Startup 318

Startup Professionals Musings

SEPTEMBER 23, 2010

Remember to aim the content of both of these at investors, not customers. It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Close at least one initial customer. Prepare an investment-grade business plan. Finalize your financial model.

Angel Investor 224

Angel Investor Intellectual Property Technical Review Elevator Pitch 224

Startup Professionals Musings

MAY 25, 2020

Yet one of the first things a potential equity investor asks about is your exit strategy. Here are three important reasons for the question: Good investment paybacks normally require an exit event. This alternative is often paired with a personal no-exit strategy. IPO – public company initial public stock offering.

Exit Strategy 376

Exit Strategy Startup Private Equity Equity 376

mashable.com

MARCH 20, 2014

Whats your exit strategy? Before accepting an offer with a startup, ask what their exit strategy is, and make sure youre on board. In addition, the prospective employee can decide if his or her goals align with theirs. Bobby Grajewski , Edison Nation Medical. If theyre all about acquisition, ask about time frame goals.

Technical Review 103

Technical Review Software Review Exit Strategy San Francisco 103

YoungUpstarts

FEBRUARY 20, 2015

Facts: A startup does not necessarily have to begin with an exit strategy in mind. Discover an audience of eager buyers, and then focus on customer segmentation. Intensely focus on customer feedback to refine your ideas about what they want to buy until you can speak directly to this unfulfilled need. What is a Startup?

Cofounder 100

Cofounder Montana Startup Seed Capital 100

Austin Startup

OCTOBER 23, 2019

As the cost of starting a company goes down over time, VC’s have become more than just money providers— they also help entrepreneurs gain customers and grow their teams. Instead of stressing about frazzled customers, use that passion to reflect on your work and continue modifying and improving.

Fractional VPE 49

Fractional VPE Austin Artificial Inteligence Fractional CTO 49

Gust

SEPTEMBER 12, 2011

Respect for the exit. I don’t care that much about the specifics of the exit strategy, because things change too fast and exits are 3-5 years in the future. I don’t want to hear “we don’t care about an exit strategy because we want to do this forever.” A great market story. Scalability.

Technical Review 70

Technical Review Software Review Angel Investor Exit Strategy 70

Reid Hoffman

JULY 23, 2020

This week, I’d like to turn to the question of how current market conditions affect the approach entrepreneurs should take towards their exit strategy. That gave us the power to choose our exit strategy. Going public allowed us to better tell our story to our users and customers. You can listen to that here.

IPO 36

IPO Exit Strategy Acquisition Technical Review 36

ReadWriteStart

JUNE 1, 2020

The primary source of your funds should be your paying customers, i.e., your business should generate enough revenues and profits to fund the growth and expansion. Any custom manufactured IoT device would require software development as well as hardware customization. Both of which are expensive and time-consuming.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

YoungUpstarts

MAY 6, 2019

Here is what you should do: You market and try to acquire initial customers, enough to get you going. Let’s say you have a goal to get at least 1,000 customers in first three months. Next, get better at learning from customers. Find out how your customers are perceiving your product. Is there an exit strategy?

Startup 113

Startup Technical Cofounder Merger Early Stage 113

YoungUpstarts

MARCH 13, 2020

Are there enough happy customers we can speak to? How efficient is their customer service? As more and more companies struggle with SaaS customer retention , there are few enterprises that, though dissatisfied with the product, find it difficult to exit. Does the vendor have technology expertise?

Exit Strategy 179

Exit Strategy Retention Cost Product 179

Startup Professionals Musings

AUGUST 28, 2017

Recommend required pivots and exit strategies. You need alerts to new pivot requirements, growth strategies, and partnering alternatives, with a realistic understanding of the costs and resources required. Then, there is the exit strategy which needs planning, connections, and forethought.

Exit Strategy 182

Exit Strategy Matching Partner Cost 182

Up and Running

FEBRUARY 22, 2013

I was expecting to be asked about my team, market segments, financial projections, go-to market strategy, exit strategy, etc. 4 : Can you tell me a story about a customer using your product? The best pitches are the ones that open with a story about how your product or service is helping your customer.

Software Review 147

Software Review Technical Review Due Diligence Exit Strategy 147

Up and Running

JUNE 16, 2014

This is where the ‘exit strategy’ comes in. An exit strategy is not your plan for when the business fails, but rather, your strategy for returning money to investors. In order to run a successful business, you will need to have a good understanding of your customers, your industry and your competitors.

Exit Strategy 91

Exit Strategy Advisory Board Business Plan Portfolio 91

Startup Professionals Musings

SEPTEMBER 30, 2015

In addition, current investors want to see every startup go public or be acquired, as an exit event, so they can get their due return for that investment which has been tied up for the last few years. For these reasons, I always look for an overt exit strategy in every startup I might consider for an angel investment.

Exit Strategy 120

Exit Strategy Startup Valuation Acquisition 120

YoungUpstarts

OCTOBER 5, 2015

If you’re plagued by any of these warning signs at the office, it may be time to come up with an exit strategy: 1. But when you’re devoting the bulk of your waking hours to your professional life, is it too much to expect to enjoy yourself some of that time? Fed up with being the fall guy.

Exit Strategy 100

Exit Strategy Social Media Reputation Networking 100

Startup Professionals Musings

AUGUST 27, 2012

Here is how and why it works, including a customer-centric quantification of the benefits. Define the characteristics of the overall industry, market forces, market dynamics, and customer landscape. Explain how you will make money and who pays you (real customer). Implicit in this is the go-to-market strategy.

Elevator Pitch 247

Elevator Pitch Exit Strategy Burn Rate Merger 247