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What Makes an Entrepreneur? Cojones (7/11)

Both Sides of the Table

It’s lost salary for a period of time. 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. Pay me half salary until the fund is closed. On half salary and my own moving expenses. You have kids, a mortgage, MBA debt?

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Innovation at Argonne National Laboratory Incubator

The Startup Magazine

But perhaps the best part of CRI is that it allows participants to focus full-time on innovation by giving innovators enough seed money — including $220,000 to spend on R&D at the laboratory and about $120,000 in salary, benefits and travel — to focus full-time on developing their technology for two years.

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Choose Your VC Investor Carefully

Both Sides of the Table

For example, a recent phone call I had with a young entrepreneur straight out of one of the most prestigious engineering schools in America he asked, “I have an offer for $400,000 in seed money but the VC wants me to agree now to bring in a new CEO.&# This company is doing its SEED round and they already want to bring someone new in.

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Should Startups Focus on Profitability or Not?

Both Sides of the Table

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 both raised angel / seed money of $1.5 The most obvious way to explain this is with sales people.

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Mile-High disruption: Why Denver should be on your tech radar next year

The Next Web

Indeed, Denver’s average tech worker salary ($100K) affords a $150,000 Silicon Valley lifestyle, enabling them to savor the countless local breweries (Denver brews more beer than any other U.S. percent, typical tech worker income tax in Denver is half of that in California (9.3 city), restaurants and nightlife. Denver Mayor Michael B.

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Should Startups Care About Profitability?

Both Sides of the Table

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. They both raised angel / seed money of $1.5 The most obvious way to explain this is with sales people.

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Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

Founders however are asked to take low salaries and never really get back the time they worked for free. I raised $500k in seed money to start the company. The very modest salary that I drew didn’t come anywhere near meeting my monthly costs so I had to eat into savings.

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