Both Sides of the Table

article thumbnail

Journeymen, Mavericks & Superstars: Understanding Salespeople at Startups

Both Sides of the Table

Very few of them are started, in my experience, by sales people and very few early stage companies really understand sales. a) they don’t tend to make great heads of sales departments and b) they aren’t the people you want early in your company. Here’s mine: Let me start with a few biases. Enough said.

article thumbnail

What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Let’s set up a framework. Plus, most early-stage M&A fails so this isn’t likely a good use of capital for a young company). A Framework to Guide You: So putting it all together, you should always be mindful of your personal circumstances and market conditions. Here’s overall what you need to know.

Burn Rate 383
Insiders

Sign Up for our Newsletter

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

article thumbnail

Is Strategic Money an Oxymoron?

Both Sides of the Table

So I thought I’d try to lay out a framework for how you should think about it as many you will inevitably be faced with this experience. I personally recommend it in the following situation: When you have your A round and/or B round done, the business is progressing well and you’re not early stage.

article thumbnail

What’s the Real Deal with AngelList?

Both Sides of the Table

I hope I straddled people’s points of view well enough not to have offended anybody while adding a framework for how I think about the service. Ask anybody who has worked with a hand-on early stage investor (Fred Wilson, Josh Kopelman, Jon Callaghan) and they’ll tell you they wouldn’t do it any other way.

article thumbnail

So What is The Right Level of Burn Rate for a Startup These Days?

Both Sides of the Table

It’s a very personal topic and I’d like to offer you a framework to decide for yourself, based on the following factors: How Long is it Taking to Raise Capital at Your Stage in the Market? ” and if anybody gives you a specific number I would be a bit skeptical because there is no universal answer.

Burn Rate 150
article thumbnail

How to Handle a VC Presentation with No Deck

Both Sides of the Table

First, if it’s an early stage company, I don’t need to see a powerpoint deck. I would argue that this mostly consists of consumer Internet companies (although not exclusively) and it is predominantly early-stage people who are product gurus and have a mildly technical bend to them. But take prompts from the VC.

article thumbnail

How the Seed-Stage VC Trend Began, The Downsides of Unicorns & Much More

Both Sides of the Table

“There was no real framework for a $15 million fund at the time so I had to make one up … it was really sort of an experiment … I invested across Funds I & II in 90 companies” Jeff then raised $55 million in 2010 and $85 million in 2014.