Remove Hiring Remove Revenue Remove Seed Money Remove Software
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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. So your Q1 results will be $180,000 less profitable than if you hadn’t hired them. Hiring more people isn’t always the right answer.

Startup 418
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How to Decrease the Odds That Your Startup Fails

Both Sides of the Table

It turns out that to build a successful company you ultimately need this strange thing called “revenue” that people don’t just hand you: You need to earn it. And there’s this other thing called “gross margin,” which shows the quality of your revenue. How much ad revenue does TripAdvisor make?

Startup 150
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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. If you don’t have a strong balance sheet and can’t hire more people that’s fine — but understand this may lead to slower growth.

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Timing: When to raise seed funding.

Scalable Startup

High growth startup companies need seed money to get things going. They need the money to rent offices, hire staff, and establish their initial presence (website, incorporation, marketing). This article is based on my experiences and the typical mistakes I see every week in startup land.

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Mile-High disruption: Why Denver should be on your tech radar next year

The Next Web

In January, Denver will become one of the few American cities that allows its residents to purchase and recreationally consume marijuana, a move that is expected to create jobs and generate tax revenue. The result is a rapidly-growing local tech economy: tech hiring is among the highest in the nation at 1.7 Denver Mayor Michael B.

Denver 166
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How to Start a Startup

www.paulgraham.com

One of the best tricks I learned during our startup was a rule for deciding who to hire. And when businesspeople try to hire hackers, they cant tell which ones are good.Even other hackers have a hard time doing that. I wanted to work in the pure, intellectual world of software, not deal with customers mundane problems.

Startup 105
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Traction vs. Product

Rob Go

For most companies, this means top-line revenue, but in some cases it’s more about numbers of active users or number of customers. You might do tons of stuff manually to fulfill the promise of your service instead to taking more time and using more resources to build software. 3 years if needed.

Product 28