Gust
JUNE 19, 2012
But in the real world, when you get to business numbers, sales are not accounts receivable and revenue isn’t income and people who read financial projections need to know that an apple is an apple, and not an orange. . Numbers are numbers, after all.
Gust
JULY 8, 2012
Seed-stage means promising companies that don’t yet have a revenue stream, and may not yet have a proof of concept. Since the economic downturn started, neither angels nor VCs have given much attention to startups without a product and a revenue stream. For VCs, early-stage means customer revenue is less than $10M. Super Angels.
Gust
JUNE 10, 2012
Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars. Founders now routinely use their home to operate their startup until they are well into the revenue phase. Facilities and staff.
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