Both Sides of the Table

DECEMBER 27, 2011

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. What did they actually do?

Startup 418

Startup Revenue Technical Review Flash 418

Startup Professionals Musings

MARCH 16, 2016

This term refers to an initial venture-capital investment, often wrongly sought to seed early product development. Startup founders typically invest some real dollars into their new startup as well as months or years of their time with no salary. Frothy is good for entrepreneurs. Seed-round investment. Sweat equity.

Software Review 120

Software Review Sweat Equity Accredited Investor Angel Investor 120

This is going to be BIG.

FEBRUARY 22, 2010

A week or so ago, we launched the Key Hire Wire at First Round. You will hire (over time) and manage a field and inside team of Sales Directors and Market Developers, including for each direct report creating and managing goals directly tied to Company goals. I tried to make it a little more entertaining than your average job RSS feed.

Part-Time VPE 92

Part-Time VPE CTO Hire Engineer Sales 92

This is going to be BIG.

MARCH 5, 2014

About seven years ago, I wrote a post on breaking into venture capital and I continue to point the five or six people a week who ask me how to break into venture. It''s a group of her peers from the professional world--up and coming titans of finance and consulting with good salaries and not a lot of dependents.

Venture Capital 114

Venture Capital Early Stage Cofounder Angel Groups 114

Steve Blank

APRIL 14, 2013

The large players like Alibaba, Baidu and Tencent historically would be more likely to simply copy a startup’s features than to hire their talent. Because salaries are cheap, startups seem to try to solve every problem by throwing bodies at it. Filed under: China , Customer Development , Technology , Venture Capital.

China 324

China Silicon Valley Non-Compete Intellectual Property 324

Transformify

OCTOBER 29, 2019

Phil Strazzulla is the Founder of SelectSoftware in the HR software space, as well as NextWave Hire in the employer branding arena. Phil started his career working in venture capital before getting into employer branding. Obviously, if you can find channels that lead to lower cost per hire, this saves the company money.

Marketing 61

Marketing Software Review Hiring New York 61

Steve Blank

APRIL 14, 2013

The large players like Alibaba, Baidu and Tencent historically would be more likely to simply copy a startup’s features than to hire their talent. Because salaries are cheap, startups seem to try to solve every problem by throwing bodies at it. Filed under: China , Customer Development , Technology , Venture Capital.

China 216

China Silicon Valley Non-Compete Intellectual Property 216

Both Sides of the Table

JULY 13, 2013

By the way, the salary, which was a good salary, was $27,000 entry salary, and engineers were paid $31,000 to $35,000. [00:10:30] So then when I wanted to go into venture capital, they said, “You can’t do that, you need to be in EIR.” Should I hire or not hire this person?

Cofounder 337

Cofounder Technical Cofounder San Diego Startup 337

David Teten

JANUARY 23, 2021

The next best move is to build your core team, e.g., recruit an Advisory Board, Venture Partners, and EIRs. For ideas, see How Executives Can Work from Home with Private Equity and Venture Capital Funds. See How Emerging Venture Capital Fund Managers Should Think About Their LP Fundraising Strategies.

Private Equity 78

Private Equity Venture Capital Technical Review Software Review 78

Both Sides of the Table

APRIL 20, 2011

In the early 80’s he left academia to work on venture capital investing with Jim Simons, Renaissance Technologies. The discussion with Howard Morgan starts off by acknowledging Josh Kopelman as a co-founder of First Round Capital. First Round Capital’s Tools, Techniques, Processes. They have sixteen people on staff.

Pre-Money Valuation 284

Pre-Money Valuation Technical Review Cofounder Cram Down 284

www.drowningamerican.com

JUNE 22, 2012

Next → How to Hire for Sweat Equity…. We have a myriad of connections to local Venture Capital firms, entrepreneurs, CEOs, and many other important individuals. 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

VC Adventure

AUGUST 16, 2020

I’ve sometimes seen companies make offers with a range of salary and options – making explicit the trade-off they are offering between cash compensation and options. 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

SEPTEMBER 2, 2017

It’s hard enough to get a job at a venture capital or private equity firm; it’s even more complex to join as a Partner. These are many of the steps I went through when I joined HOF Capital. Compensation : base salary, share of profits of management company, carry. – The firm and your capital commitment.

Private Equity 60

Private Equity Venture Capital Equity Partner 60

Steve Blank

APRIL 10, 2019

As Venture Capital emerged as an industry in the mid 1970’s, investors in venture-funded startups began to give stock options to all their employees. Back then, when Angel/Seed investing didn’t exist, to get the company started, founders put a lot more on the line – going without a salary, mortgaging their homes etc.

Stock Options 334

Stock Options Stock Vesting Common Stock 334

Both Sides of the Table

APRIL 16, 2011

She doubled her salary by going into sales. To run an effective business it’s really important to hire women in your company & as advisors - “Men tend to pump up their chests more (than women). I think it’s really important (to hire women). Make sure 50% of the people you hire are women.

Startup 311

Startup Sales Database Community 311

David Teten

JULY 25, 2017

We have insight on the competencies of our companies’ personnel, and who is hiring or shrinking. with the announcement of a funding round, new senior hires, etc. – A database of accurate costs for financial models: salary, rent, IT, etc. – A tool to automatically update all databases (Crunchbase, CB Insights, etc.)

Portfolio 60

Portfolio Technical Review Private Equity Database 60

David Teten

AUGUST 19, 2019

I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance.

Revenue 60

Revenue Technical Review Software Review Equity 60

The Startup Magazine

MARCH 7, 2024

By keeping your initial costs as low as possible, you won’t be on the hook for as much debt or even paying salaries when the time comes. During the hiring process, consider whether you can see these being the same people who will take the business to new heights. Instead, you can manage your growth easily and keep the lights on.

Startup 108

Startup Forecast Social Media Cost 108

Both Sides of the Table

JUNE 17, 2017

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.

Stock Options 227

Stock Options Startup Dilution Venture Capital 227

ReadWriteStart

FEBRUARY 18, 2020

When starting a business, it’s typical to look for venture capital, angel investors, and even co-founders to help get the company up and running. You may reach a point where your startup needs more team members, but you don’t have the finances or stability to hire anyone full-time. Hire for Attitude.

Bootstrapping 145

Bootstrapping Startup Cofounder Angel Investor 145

YoungUpstarts

JUNE 2, 2011

Let “Mother” do the hiring. Bad hires are not only disruptive to businesses — they’re also expensive. According to a variety of studies, the cost of firing senior- or middle-management personnel can be as high as 300 percent of that person’s annual salary, and in some cases even higher. Listen to your mother.

Cofounder 154

Cofounder Vermont Ohio Brazil 154

Both Sides of the Table

JANUARY 1, 2016

They hire their initial co-founders and early employees and everybody has a sense of “mission.” We’re a national venture capital investment firm but with our roots firmly in Los Angeles. We try to hire deeply analytical associates to can help companies problem solve and who make us better investors.

Leadership 150

Leadership Southern California San Diego Hiring 150

Both Sides of the Table

MAY 19, 2019

I cut my salary in half and started my own company. I found a firm that was interested but they told me they hadn’t raised enough money yet to pay me a full salary. They told me after they raised a fund they’d be ready to hire me. Pay me half salary and if we raise a fund together you can pay me back.”

Japan 253

Japan Chicago Europe South America 253

ReadWriteStart

OCTOBER 28, 2010

Common areas to address are decisions around capitalization, executive hiring and firing, share issuance (dilution), and acquisitions. Under what circumstances will someone decide that they just can't commit to the business full time anymore; for example, if the founders have to go without a salary for six months.

Cofounder 128

Cofounder Founder Equity Dilution 128

This is going to be BIG.

AUGUST 25, 2011

First off, I couldn't actually afford to go anywhere on a startup salary. Build up the top of your hiring funnel. It's important to get all the parts of your company talking to the public--to get feedback on strategy, to increase awareness for hiring, and to help promote the company's message. Run an internal hackathon.

Technical Review 114

Technical Review Software Review PR Cofounder 114

crowdSPRING Blog

FEBRUARY 14, 2019

But you might want to get an EIN anyway to keep your personal and business taxes separate and to be sure that you can quickly hire when the time comes to expand your business. salaries or wages for any employees. times the size of the global venture capital industry today. If all goes well, you’ll hire many employees.

Angel Investor 85

Angel Investor Small Business Business Plan Intellectual Property 85

Steve Blank

MARCH 17, 2020

And how much are variable expenses (salaries, consultants, commission, travel, AWS/Azure charges, supplies, etc.?). If it’s just three-months, (looking more unlikely by the day) then an immediate freeze on variable spending (hires, marketing, travel, etc.) How much are fixed expenses (those you can’t change, i.e. rent?)

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

YoungUpstarts

MAY 16, 2018

There, he would be showered in venture capital, build a team of similarly brilliant twenty-somethings, acquire millions of customers seemingly overnight, and steer his startup to an IPO and himself to the cover of Inc magazine well before his 30th birthday. Who’s more likely to successfully make that first sale or hire?

Silicon Valley 157

Silicon Valley Forecast Venture Capital Business Plan 157

David Teten

AUGUST 1, 2019

You’re investing your time, reputation, network, and probably also capital. So I recommend use the framework of an investor: Venture capital investing checklist. Negotiate Your Equity And Salary With Stock Option Counsel Tips. Here’s how to do your due diligence first. Due Diligence as an Investor. CompStudy.com.

Private Equity 60

Private Equity Equity Due Diligence Portfolio 60

Austin Startup

AUGUST 13, 2018

Learn how acquisitions can usher in new eras of growth and hiring, how to nurture existing cultures, how to merge different ways of thinking when the acquiring company doesn’t have tech roots, and how to deploy strategies for future success. Find out how their approach can help your scrappy startup put together a team you can be proud of.

Austin 48

Austin Technical Review Cofounder Texas 48

This is going to be BIG.

FEBRUARY 27, 2011

Despite advances in cloud infrastructure, many businesses still have fleshy parts—soft underbellies where a human hand is required to keep quality control, stuff something into a box, order inventory, hire enough engineers to keep the site going or manage cash. Scale brings complexity. Healthcare? Yeah, maybe we should look into that.

Dilution 104

Dilution Equity Hiring Partner 104

Altgate

OCTOBER 1, 2010

To the right of that are five charts one each for: Current Equity Equity at Hire Base Salary Target Bonus Actual Total Cash Each of these bar charts shows the respective compensation for the management team on a percentile scale (compared to the cohort). What would you change or add? I would love to hear your thoughts.

Part-Time VPE 39

Part-Time VPE Startup Salary Equity 39

www.mattbartus.com

SEPTEMBER 24, 2011

Cooley Report Reviews Second Quarter Venture Capital Financing Trends. Do the implications of hiring independent contractors differ state to state? California companies can have specific salary arrangements with salaried employees. Venture Capital. Recent Posts. What are the potential issues?

Equity 40

Equity Vesting Silicon Valley Intellectual Property 40

The Startup Magazine

MAY 15, 2018

According to the 2018 Global Startup Ecosystem Report , in 2017, global venture capital investments reached the record of $140 billion, while the total value creation of the world’s startup economy hit astonishing $2.3 Even though venture capital funding is still less accessible in Canada compared to the U.S.,

North America 69

North America America Silicon Valley Los Angeles 69

David Teten

SEPTEMBER 10, 2019

You’re investing your time, reputation, network, and probably also capital. So I recommend use the framework of an investor: Venture capital investing checklist. Negotiate Your Equity And Salary With Stock Option Counsel Tips. Here’s how to do your due diligence first. Due Diligence as an Investor. CompStudy.com.

Due Diligence 60

Due Diligence Stock Options Covenant Private Equity 60

K9 Ventures

SEPTEMBER 24, 2009

couldn’t draw a salary). The latter was fine by me since there was no money in the company for me to draw a salary any way. I hired my TA as my first employee and paid him $12.50 My second employee signed the H1-B petition on behalf of the company so that I could be hired by my own company!

United States 114

United States Founder India Venture Capital 114

Up and Running

OCTOBER 24, 2016

The allure of this narrative is obvious: the smartest kids in the room get to hire their friends and build a company with other people’s money. With the press focused on the millions raised by high-profile startups, many would-be entrepreneurs are becoming convinced that these are the only worthwhile ventures to pursue. Minimal hiring.

Startup 60

Startup Venture Capital Salary Equity 60