article thumbnail

How and Where to Write About Technology in Your Business Plan

Up and Running

Establish technology as a differentiator, when it is. Even if technology isn’t the driving force of your business or your main differentiator, these days, almost all businesses have to manage technology as part of branding, marketing, and communications. Does your technology differentiate your business from all others?

article thumbnail

What I Would Look for When Choosing a VC – Knowing What I Know Now?

Both Sides of the Table

Smart is simply not a differentiator. I’ve been involved with SaaS companies with VCs who don’t understand demand generation, lead qualification, sales coverage ratios, sales forecasting or frankly when deals should be inside sales vs. outside sales. And so is venture capital. Commitment. Startups are hard.

Portfolio 364
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 Boards Need to Evolve Over Time

Both Sides of the Table

When you first start your company and raise initial venture capital your board probably consists of 1-3 founders and 1-2 VCs. How to build a great forecast. In the Early Days. What is the current best practices in sales compensation plans. How to set sales quotas. How much “sales coverage” do you need to hit budget.

article thumbnail

Valuations 101: The Dave Berkus Method

Gust

Furthermore, Dave reminds us that “it was created specifically for the earliest stage investments as a way to find a starting point without relying upon the founder’s financial forecasts.”. Is the competitive environment important in the business sector of the target venture? The Dave Berkus method is useful as one such method.

article thumbnail

18 Ways to Make Your Financial Model Stand Out to Investors

David Teten

My colleague Paul Bianco serves as interim CFO for a number of ff Venture Capital ’s portfolio companies, and has built and reviewed hundreds of financial models. 6) Title your file in a format like [Company Name] [Forecast] [yyyymmdd], e.g., “[Company Name] Forecast 20150524″. HOW TO MAKE YOUR CELLS READABLE.

article thumbnail

9 Reasons Why You Need a Business Plan and Why It’s Worth It

Up and Running

This includes financial statements such as your profit and loss, cash flow, balance sheet, and sales forecast. Finding answers to these questions helps you solidify a strategic market position and identify ways to differentiate yourself. Which can lead to more funding down the road from both venture capitals and banks alike.

article thumbnail

Lean Business Planning with Tim Berry [VIDEO]

Up and Running

That’s the sales forecast, the spending forecast and the cash flow. What taglines are you using to differentiate yourself from other people, other businesses that might be similar. You want to show that, and investors need to see the scale of a business that have to do with your sales forecast. It is not a document.

Lean 60