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. They have have raised $2-3 million, built a product that has some amount of market traction and got to annualized revenues of around $1 million.
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. Revenue When I look at an income statement I start by focusing on the revenue line. You need to understand the “quality” of the revenue.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
The Next Web
DECEMBER 30, 2013
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. percent, typical tech worker income tax in Denver is half of that in California (9.3 city), restaurants and nightlife.
Both Sides of the Table
SEPTEMBER 2, 2009
Founders however are asked to take low salaries and never really get back the time they worked for free. We should end the year with a few million in fully recurring revenue and we’re projected to double next year. But more spend = more viral opps = more revenue down the road. >50% of our revenue in now viral.
Austin Startup
SEPTEMBER 17, 2017
You want your valuation to keep marching upward; if you took in some seed money with the promised 10X venture return, you’ll hopefully be able to prove that you are proceeding on that trajectory. If the founders aren’t drawing market salaries, then true profitability may be overstated.
www.paulgraham.com
OCTOBER 23, 2010
Because so little money is involved, raising seedcapital is comparatively easy-- at least in the sense of getting aquick yes or no. Usually you get seed money from individual rich people called"angels." the seed stage, investors dont expect you to have an elaboratebusiness plan. A rich companyis one with large revenues.
www.paulgraham.com
APRIL 28, 2010
It wasnt because they werent accredited investors that I didntask my parents for seed money, though. When we were starting Viaweb,I didnt know about the concept of an accredited investor, anddidnt stop to think about the value of investors connections.The reason I didnt take money from my parents was that I didntwant them to lose it.
Expert insights. Personalized for you.
418 
Let's personalize your content