Remove Demand Remove Salary Remove Seed Money Remove Software
article thumbnail

Should Startups Focus on Profitability or Not?

Both Sides of the Table

If you hire 6 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 for 4-6 months. The first company represents a normal software company that sells its products directly (either via sales staff or directly off of the internet).

Startup 418
article thumbnail

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. The first company represents a normal software company that sells its products directly (either via sales staff or directly off of the internet).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Fund a Startup

www.paulgraham.com

A lawyer I asked about it said: When the company goes public, the SEC will carefully study all prior issuances of stock by the company and demand that it take immediate action to cure any past violations of securities laws. It wasnt because they werent accredited investors that I didntask my parents for seed money, though.

article thumbnail

From Nothing To Something. How To Get There.

techcrunch.com

Options and future value are great ‘add ons’ but not for a welfare check salary until ‘this great idea makes it.’ For both companies, the initial traction enabled raising seed money to get them to a traditional VC investment.) ’ Maybe this article is a little too simplistic, a fairy tale.

article thumbnail

The Series A crunch is hitting now. Have we even noticed?

pandodaily.com

They’re cutting salaries and making the last tens of thousands — or if they’re lucky a hundred thousand — last. Meanwhile, there’s been a surge in follow-on seed deals. If you are raising a seed round now, there are a few things you can do to protect yourself. Entrepreneurs are survivors by nature.