Startup Professionals Musings

MARCH 16, 2016

After viewing your slide deck, if investors are still interested in your startup, they will ask for a deep-dive meeting to drill in on any hard questions before commencing due diligence. Sweat equity. Equity crowdfunding. Although the term may sound negative, it’s actually a very positive sign. Ramen-profitable.

Software Review 120

Software Review Sweat Equity Accredited Investor Angel Investor 120

Steve Blank

MAY 19, 2015

But over time code/hardware written/built to validate hypotheses and find early customers can become unwieldy, difficult to maintain and incapable of scaling. You fix technical debt by refactoring , going into the existing code and “cleaning it up” by restructuring it. Organizational debt was coming due. the company had.

Technical Review 120

Technical Review Salary Early Stage Software Review 120

Startup Professionals Musings

JANUARY 28, 2011

As a rule, you need to review your burn rate every month, and manage it every day. The cost of giving up more equity early is often more than offset by the increased flexibility to recover from mistakes. Pay people with equity or future revenue. Pay people with equity or future revenue. Great strategy.

Burn Rate 231

Burn Rate Startup Salary Equity 231

VC Adventure

AUGUST 16, 2020

Often this is due initially because founders feel that it’s “right” for all employees to have some ownership (or right to ownership) in the business. But it will also change the nature of your workforce if you only hire employees that can work for well below market cash comp.

Programming 149

Programming Vesting Equity Software Review 149

David Teten

AUGUST 19, 2019

This structure offers some of the benefits of traditional equity VC, without some of the negatives of equity VC. I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. We don’t have any equity or control over the business….”. “As The average cash balance is $191,164.

Revenue 60

Revenue Technical Review Software Review Equity 60

www.drowningamerican.com

JUNE 22, 2012

Next → How to Hire for Sweat Equity…. Our application tool will be free and will immediately compete with Peterson’s, Kaplan, Princeton Review, and other smaller players. Build a team – we have plans to hire at a minimum 2 more engineers once funded with many more to follow and you will be hand selecting your team.

Sweat Equity 40

Sweat Equity Equity Hiring Technical Review 40

Startup Professionals Musings

FEBRUARY 5, 2010

As a rule, you need to review your burn rate every month, and manage it every day. The cost of giving up more equity early is often more than offset by the increased flexibility to recover from mistakes. Pay people with equity or future revenue. Pay people with equity or future revenue. Great strategy.

Burn Rate 120

Burn Rate Startup Salary Equity 120

Hearpreneur

JANUARY 1, 2023

Thanks to Corey Philip, Acumen Equity Advisors ! #7- However, laying off the most recent hires can erase a company's progress toward change and diversity. 10,000 for keeping up with salaries and rental payments. 7- Minimize experimentation. Photo Credit: Will Yang. bid farewell to. 21- Communicate with customers.

Entrepreneur 97

Entrepreneur Software Review Technical Review Revenue 97

David Teten

JANUARY 23, 2021

For ideas, see How Executives Can Work from Home with Private Equity and Venture Capital Funds. Set up a Data Room, with a filled-out Due Diligence Questionnaire (“DDQ”). Also note, many institutional investors don’t really allocate to VC asset classes directly due to the size of their portfolios. Lastly, gather feedback.

Private Equity 78

Private Equity Venture Capital Technical Review Software Review 78

Austin Startup

AUGUST 20, 2017

Hiring is a chapter unto itself, but it deserves to lead off any discussion of context. Compensation decisions obviously affect hiring and retention. They’re looking to be paid properly in the context of the overall salary structure, including cash, benefits, and equity, and to be paid commensurate with performance.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

ReadWriteStart

OCTOBER 28, 2010

More excerpts from "Do More Faster" Title chapter: " Do More Faster " by David Cohen How should we split the equity? Common areas to address are decisions around capitalization, executive hiring and firing, share issuance (dilution), and acquisitions. Or worse, one that claims equity that you don't believe is due.

Cofounder 128

Cofounder Founder Equity Dilution 128

help.bplans.com

SEPTEMBER 24, 2011

Business Plan Software. Sales and Marketing Software. UK Business Plan Software. More Business Software. I am hiring a consultant for assistance in piecing my business plan together. I am hiring a consultant for assistance in piecing my business plan together. Invoiced monthly and due upon receipt.

Software Review 41

Software Review Equity RSS Business Plan 41

Hearpreneur

JUNE 4, 2021

And that’s how I started my private equity business where I acquire both online and offline assets such as lead generation websites and physical real estate. Even though I had a job and earned a decent salary, I was spinning my wheels just to pay my bills. Thanks to Daniel Javor, Next Luxury ! #4- Photo Credit: Victoria Wieck.

Entrepreneur 136

Entrepreneur B2B Database Technical Review 136

femgineer.com

JULY 18, 2010

If you’re a founder who is still trying to grasp the product roadmap and create a company vision its probably not a good time to hire an engineer. We engineers know that need to be agile in a startup and be able to scrap code and rebuild, but want we don’t want is to have a founder who manic or aimless. How to find them?

Engineer 41

Engineer Software Review Startup Technical Review 41

Steve Blank

APRIL 1, 2020

This article previously appeared in the Harvard Business Review. I listened in on a board call with an enterprise software company this week, and when the CEO said, “Our VP of sales assured me our pipeline won’t be affected.” Before layoffs, cut all salaries by 20%. Cut CXO salaries by at least 30%.

South Korea 334

South Korea Salary Business Model China 334

www.mint.com

MARCH 9, 2010

Granted you don’t want to sound like you are interrogating them, but if there is sufficient interest on the company’s part in hiring you, they will expect you to ask those difficult questions. Ask me these questions, you’re definitely not hired. This is how the innovation wheel keeps turning. All Rights Reserved.

Software Review 68

Software Review Startup Post-Money Valuation Technical Review 68

www.virtuosimedia.com

MARCH 8, 2012

Many partnerships don’t make it past this stage, devolving into a tangled mess about who owns the idea and the code and what the compensation should be. Hire someone to do a working prototype/proof-of-concept. Otherwise, you will have to offer actual compensation (read salary) in addition to corporate shares.

Technical Cofounder 41

Technical Cofounder Cofounder Technical Review NDA 41

ConversionXL

NOVEMBER 6, 2019

An engineer by training, Founder and CEO Larry Gadea built the MVP of Envoy’s first product, Visitors, by himself using only free versions of software. “I Gadea leveraged his connections in Silicon Valley to seed viral distribution of the product, which, in turn, generated the revenue to hire engineers and scale the company.

Sweat Equity 78

Sweat Equity Software Review Vesting Cofounder 78

discuss.joelonsoftware.com

NOVEMBER 1, 2010

(Not logged on) | Register | Log On Home Discuss Jobs About The Business of Software A community discussing the business of software, from the smallest shareware operation to Microsoft. A part of Joel on Software. where I can learn about how to build a sweat equity team? Please register for a free account. The gist: 1.

Sweat Equity 40

Sweat Equity Equity Angel Investor Affiliate 40

Up and Running

FEBRUARY 9, 2015

This is Sabrina Parsons, the CEO of Palo Alto Software. Things like your secret sauce, things that are specific to how you do business and they are very, very important that you think about them as part of your business and not just things that are done eventually when you’re busting at the seams and you finally want to hire people.

Social Media 60

Social Media Small Business Software Review Technical Review 60

Hearpreneur

JANUARY 7, 2022

Today, my software company is profitable and staffed by exceptional individuals. They hired me to assist them to increase income and help them move forward. 7- Lost a job due to ill health. 11- Enjoy software products. I started Pi Tech because I enjoy launching and iterating software products. 4- Lost a job.

Entrepreneur 118

Entrepreneur Technical Review Software Review Non-Compete 118

Up and Running

JULY 22, 2014

Consider this: What happens when you send out an invoice to a client, but they don’t pay it by the due date? equity (for most small businesses, this is just the owner’s equity, but it could include investors’ shares, retained earnings, stock proceeds, etc.). What happens when you pay your own bills late, or early?

Balance Sheet 148

Balance Sheet Forecast Equity .Net 148

thinkspace.com

SEPTEMBER 7, 2012

How to Divide Equity to Startup Founders, Advisors, and Employees. The part that I’d like to zero in on is when you’ve got a high growth company what are some of the best practices out there to distribute equity to the founders, advisors, and employees? Equity for Founders. Equity for Employees. Bookkeeper.

Equity 62

Equity Employee Founder CTO Hire 62

philipsmith.typepad.com

SEPTEMBER 24, 2011

Two Tales of "Working For Equity". Working for equity only is, realistically, the way most startups have to get going. a year burn rate and your equity is worthless due to numerous recapitalizations and bridge loans from investors then either you don't get it or I'm stupid to do it. » January 23, 2010.

Silicon Valley 40

Silicon Valley Equity Technical Review Recapitalization 40

David Teten

MARCH 24, 2014

Addepar is precisely trying to collect and convert into software these best practices. (ff Teten : No one ever got fired for hiring Och-Ziff, or any other of the massive hedge funds. If they did, then how would they justify their big salary and large staff if they are not “active management”?

Software Review 114

Software Review Due Diligence Venture Capital Portfolio 114

Hearpreneur

OCTOBER 30, 2015

I was proud of my performance and our rocket ship trajectory, but internal politics and personalities led to a division between the owner, me and a third equity partner. I re-ignited Anvil as consultancy, but I wasn’t quite ready to hire employees yet. In 18 months, we grew from $0 to $3M. Image Credit : Desmond Lim.

Entrepreneur 48

Entrepreneur Australia Software Review LLC 48

ConversionXL

NOVEMBER 6, 2019

An engineer by training, Founder and CEO Larry Gadea built the MVP of Envoy’s first product, Visitors, by himself using only free versions of software. “I Gadea leveraged his connections in Silicon Valley to seed viral distribution of the product, which, in turn, generated the revenue to hire engineers and scale the company.

Sweat Equity 50

Sweat Equity Software Review Vesting Cofounder 50

maplebutter.com

JANUARY 8, 2013

You are here: Home » Hiring » Crazy! Written By Dan Martell on February 2nd, 2012 | Category: Hiring LeanStartup Marketing Metrics Startup Life | 6 Comments. Ability to hire top talent (A+ talent). you can hire for those. I think quick, do something, then review what I’ve learned. Maple Butter.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

Hearpreneur

JUNE 14, 2017

I hired another guide to help with the load, and I started charging for tickets to pay the guide. My strength was not in finance, so one of the first things I did was hire someone to handle the books and keep me on a solid financial path, so I could focus on running my business. I hire the best, so we’re all able to have it all.

Entrepreneur 128

Entrepreneur South Africa PR Thailand 128

Up and Running

MAY 1, 2014

You’ve reviewed what a business plan is , and why you need one to start and grow your business. The company overview provides a quick review of the company’s legal structure and location, as well as some background on the company’s history if you’re writing the plan for an existing business. Read more ». Company Overview. Read more ».

Business Plan 163

Business Plan Forecast Balance Sheet Distribution 163

A Smart Bear: Startups and Marketing for Geeks

MARCH 11, 2014

Jason: Okay, so that’s a very small company in which the CEO is pulling out the credit card for meeting software because even people with a hundred people, the CEO is not the person pulling out a credit card for the meeting software. I don’t care about what the software looks like yet. Edwin: I tend to disagree.

Technical Cofounder 220

Technical Cofounder Cofounder Software Review Management 220

www.paulgraham.com

APRIL 28, 2010

I wassurprised recently when I realized that all the worst problems wefaced in our startup were due not to competitors, but investors.Dealing with competitors was easy by comparison. Your natural tendency when an investor says yes willbe to relax and go back to writing code. They were helpful in negotiating deals, for example.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

www.paulgraham.com

OCTOBER 23, 2010

Standards arehigher; people are more sympathetic to what youre doing; the kindof people you want to hire want to live there; supporting industriesare there; the people you run into in chance meetings are in thesame business. Our startup made software for making online stores. Itsintrinsic to the medium; software is always 85% done.

Startup 108

Startup Software Review Hiring Detroit 108

www.chubbybrain.com

SEPTEMBER 28, 2011

Also worth a read after you review these startup failure post-mortems. created a vastly higher cost structure; I had 80 people mostly on base salaries under $100,000 and was bringing in revenue at the rate of $20 million annually. .”). You should sign up for our newsletter here. However, this survivorship bias is problematic.

Software Review 79

Software Review Startup Technical Review Vesting 79

www.singlefounder.com

OCTOBER 23, 2010

I’d like to take a few minutes to dispel the top five myths of software startups. I could point to countless examples of mediocre software being unleashed upon the general population, after which people like you and me have to help replace it with something decent. In fact, not having one can be more helpful than anything else.

Software Review 40

Software Review Software Startup Massachusetts 40

techcrunch.com

OCTOBER 23, 2010

Inevitably, the excuses begin: I need to hire people to build the product. In later posts I’m going to get into more detail on specific topics like hiring, raising money, what types of ideas have the potential to get big, finding your founders, and the like. Like I said, forget everything else and just get your product out the door.

Technical Review 84

Technical Review Cofounder Technical Cofounder Software Review 84

sivers.org

JUNE 25, 2010

Derek Sivers about me blog books email list contact How to hire a programmer to make your ideas happen 2010-06-19 Do you have an idea for a website, online business, or application, but need a programmer to turn that idea into reality? Say, “We are hiring a developer to create only the beginning of an application. Hire one from each.

CTO Hire 84

CTO Hire Hiring Software Review Technical Review 84