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. Hiring more people isn’t always the right answer.
Both Sides of the Table
JANUARY 5, 2010
Your financial risks of starting most technology companies these days are so low. VCs don’t have the same net worth litmus test and great entrepreneurs have a ton of sources for seed money to get financed very early. We weren’t ready to hire an associate yet so I offered him a summer internship. It was May.
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YoungUpstarts
OCTOBER 28, 2015
Craig Schmitz, a partner in the Technology Companies Group at law firm Godwin Proctor LLP who works on corporate, governance, board and fundraising issues, and Erika Fisher, an associate in the firm’s Business Law Department who deals with IP, fielded questions about the legal issues startups face. Board and Stockholder Votes.
Board Effect
JUNE 9, 2021
They simply don’t have the seed money to get a business or organization off the ground. It may also be worthwhile to consider hiring a grant writer to champion the process. The funds you receive from a grant could potentially cover the cost of hiring professional help. Economic Development Administration.
Startup Lessons Learned
MAY 31, 2019
It’s also important to say that while many successful technology companies have been venture-backed--Apple, Amazon, Google and Facebook come to mind-- it’s not solely a funding method for technology companies. First, the introduction of seed money as an institutional form of capital. but globally.
Both Sides of the Table
MAY 13, 2013
The Aqui-hire Business. And they might give a premium if the team has been around a longer period of time, has built some hard-to-build proprietary technology or has some customer traction. Let’s assume $2 million in seed money. It says if you want to make “real” money - quit. Go do a startup.
Scalable Startup
AUGUST 9, 2018
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). Your strategy is to create growth with little or no money. Without funding most tech startups will die.
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