Startup Professionals Musings

JUNE 15, 2015

Thus I’m getting more questions on new mechanisms, like crowd funding, or going public through the backdoor as a reverse merger. Reverse mergers may not get your startup on the Nasdaq. The reverse merger process itself doesn’t raise any capital. Yet reverse mergers are not all bad.

Merger 120

Merger OTC IPO Due Diligence 120

YoungUpstarts

AUGUST 31, 2017

Take sales tax, for instance. If you sell a product, the state where you’ve established nexus needs to be determined, as does whether sales tax applies to your product there. Each state regulates sales tax differently, so keeping track of regulations yourself can be challenging.

Ratchet 113

Ratchet Merger New York Engineer 113

mashable.com

OCTOBER 16, 2010

More and more VCs have deals in their portfolios that have long outlasted their investment value, and more and more VCs are seeking to unload these deals, at a loss, as reverse merger vehicles. Unfortunately, none are very focused on Florida (California and New York are the top two destination). Companies like GrowPublic, Inc.

Angel Investor 84

Angel Investor Venture Capital Social Media Technical Review 84

mashable.com

OCTOBER 16, 2010

More and more VCs have deals in their portfolios that have long outlasted their investment value, and more and more VCs are seeking to unload these deals, at a loss, as reverse merger vehicles. Unfortunately, none are very focused on Florida (California and New York are the top two destination). Companies like GrowPublic, Inc.

Angel Investor 83

Angel Investor Venture Capital Social Media Technical Review 83

Steve Blank

APRIL 13, 2013

This was a modern city in a hurry to make a first impression – think of what Rome looked like in the time of the empire or New York in the 1920’s – now it’s Beijing announcing that China has arrived. Car sales in China went from 1 million in 2001 to 14 million in 2011. In the U.S. Unlike the U.S.

Silicon Valley 267

Silicon Valley China Venture Capital Merger 267

David Teten

AUGUST 6, 2015

Datavore is a New York startup which is working to improve on the functionality of existing tools like Microsoft Excel by creating a visual display of the calculations comprising complex analyses such as a financial model. A model that shows X% growth over time with no embedded correlation to sales/marketing is a huge red flag.

Balance Sheet 60

Balance Sheet Software Review Forecast Acquisition 60

Steve Blank

APRIL 13, 2013

This was a modern city in a hurry to make a first impression – think of what Rome looked like in the time of the empire or New York in the 1920’s – now it’s Beijing announcing that China has arrived. Car sales in China went from 1 million in 2001 to 14 million in 2011. In the U.S. Unlike the U.S.

Silicon Valley 159

Silicon Valley China Venture Capital Merger 159

Both Sides of the Table

JANUARY 31, 2011

I remember having a merger called off at the last minute and having a planning meeting at a pub to figure out how to run a bankruptcy process (luckily, we never had to do it). My SVP of Sales & Marketing quit 30 minutes before an important board meeting. I remember the New York Times wrote an interesting article about it.

Entrepreneur 384

Entrepreneur Startup Salary Egypt 384

Scott Edward Walker

OCTOBER 13, 2011

The more time the lawyers bill, the better the sales numbers. I saw all this first-hand as an associate for nearly eight years at two major law firms in New York City. Big firms are great for huge, complicated corporate projects – like an initial public offering, a tender offer or a public company merger.

Los Angeles 85

Los Angeles San Francisco New York City Silicon Valley 85

David Teten

JANUARY 10, 2012

This is another joint event between HBS Angels of NY and the HBS Club of New York. As well as twenty-three years at Goldman Sachs, Mr. Savage worked as the head of New York Foreign Exchange trading for Lehman Brothers and as a Director of Proprietary Trading at Bank of America Securities.

Technical Review 128

Technical Review Technology North Carolina Switzerland 128

Both Sides of the Table

JANUARY 22, 2011

I remember having a merger called off at the last minute and having a planning meeting at a pub to figure out how to run a bankruptcy process (luckily, we never had to do it). My SVP of Sales & Marketing quit 30 minutes before an important board meeting. I remember the New York Times wrote an interesting article about it.

Entrepreneur 176

Entrepreneur Startup Salary Egypt 176

Both Sides of the Table

DECEMBER 18, 2009

We had been working on a merger between BuildOnline and a competitor called iScraper. At BuildOnline we had brought one new investor to the deal – a Swiss/New York investor called ETF Group. I jumped on a plane and immediately flew to New York for just 1 day to meet with the Chief Investment Officer of ETF.

Germany 298

Germany Entrepreneur Merger Los Angeles 298

Reid Hoffman

MARCH 19, 2019

In other words, what percentage of sales are available to pay for growth, and to reward investors for financing that growth. Product-market fit, as defined by Stanford’s Steve Blank, occurs when a product’s features are a strong fit with its market’s needs, as measured by a combination of usage, retention, and sales. Of course not.

Cofounder 28

Cofounder Business Model IPO Non-Compete 28

www.foliomag.com

JULY 31, 2012

Sales & Marketing. --> Bloggers. --> Resources. Advertising/Sales. Mergers and Acquisitions. Sales/Business Development. --> ENTER a CITY and/or SELECT STATE. Web Designer, Sales/Mktg - Md. Sales Executive - New Jersey. -->. --> Grab this swicki from eurekster.com. -->. Sales Meeting.

Social Media 40

Social Media Rhode Island Media South Dakota 40

abovethecrowd.com

FEBRUARY 27, 2019

In its most recent quarter, the company processed the exchange of $923 million of sales, which equates to a $3.6B In 2017, the company reported sales of over $500 million. Benchmark is an investor in Rover through a merger with DogVacay in 2017). annual GMV. Julie Wainwright founded The Real Real in 2011.

Internet 88

Internet Matching Vertical Hosting 88

YoungUpstarts

MAY 30, 2020

As a New Yorker, I saw this change happen in real time, first as our government avoided taking (previously unfathomable) necessary shutdown measures and later as it embraced them wholeheartedly, albeit still too late to prevent New York from becoming one of the hardest hit places in the world.

Leadership 223

Leadership Public Relations Community Employee 223

Steve Blank

JUNE 15, 2009

His marketing and sales instincts and skills seemed magical and he built the company into a $400 million OEM supplier, ultimately selling the company to Unisys. Reply mikev , on June 15, 2009 at 12:03 pm Said: What happened to Convergent Technologies work ethic and business ethics after the merger with Unisis?

Entrepreneur 276

Entrepreneur Silicon Valley Technical Review RSS 276

Both Sides of the Table

JANUARY 31, 2010

I stayed up late every night after a day of meetings doing email until 3am so that I didn’t feel out of touch with our product and sales pipelines. I flew from San Diego (where I was visiting for Thanksgiving) to New York to persuade investors to stick with us. And at the 11th hour they pulled out.

Entrepreneur 308

Entrepreneur Silicon Valley San Diego Non-Compete 308

Steve Blank

JULY 6, 2010

He started a new venture firm when he realized that that the rules had changed for the venture business – VC’s could no longer expect the same kind of returns they got in the past through an IPO. Instead, he realized that most VC-backed startups would exit through a merger or acquisition- at a sale price of $20 to $100 million.

Venture Capital 175

Venture Capital Agile Customer Development 175

Ben's Blog

MAY 24, 2021

These costs are much higher than those for IPOs, even accounting for IPO Pops; SPAC shares tend to drop by one third of their value or more within a year following a merger, leaving investors who hold shares post de-SPAC most vulnerable to price declines; and SPAC investors typically differ from de-SPAC investors.

SEC 36

SEC Accredited Investor IPO Technical Review 36