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. I always remind this to journalists who ask me about public stocks. The most obvious way to explain this is with sales people. Not necessarily.

Startup 418

Startup Revenue Technical Review Flash 418

SoCal CTO

JANUARY 18, 2011

Now, they were able to raise enough money in the last 3 months to launch a product along with all the necessary software development to launch a pilot program for validating the idea. Because we were so busy in the last 3 months, I did not had a chance to talk to the founders about my compensation for the time spent and future salary etc.

CTO 150

CTO CTO Hire Equity Vesting 150

Board Effect

NOVEMBER 22, 2019

Gifts of stock are considered a donation of property. In this case, the nonprofit should send the donor an acknowledgment letter that describes the stock and notes that no goods or services were provided in exchange for the gift. The acknowledgment letter shouldn’t place a monetary value on the shares.

Government 59

Government Software Review Stock Retention 59

www.joelonsoftware.com

MARCH 24, 2010

Joel on Software Fog Creek Compensation by Joel Spolsky Wednesday, August 30, 2000 At Fog Creek Software, the way we make sure that people are paid fairly and rewarded for excellent work is based on a professional ladder. So all Fog Creek software engineers are ranked at one of several different levels, level 8 through level 15.

Software Review 48

Software Review Stock Options Salary Technical Review 48

The Startup Magazine

JUNE 14, 2019

If you need any money from this account, let it be in the form of a salary. With the assistance of accounting software or some good old accounting techniques, check to ensure that the deposit reflects on the previous book’s cash balance. Add also your deposited funds to the conventional stock balance.

Balance Sheet 129

Balance Sheet Limited Liability Company Bootstrapping Startup 129

View from Seed

DECEMBER 4, 2014

Additionally, you should put whatever agreement you reach to paper , even if you have not yet incorporated or had your legal counsel draw up the founder stock paperwork. You can then work with your law firm to formally draw up founder common stock paperwork either then or subsequently. Prior & Ongoing Involvement. Ideation/IP.

Equity 315

Equity Founder Sweat Equity Cofounder 315

Both Sides of the Table

AUGUST 28, 2009

Our software wasn’t fully baked. We had one of the largest US software companies talk about buying us. As the economy soured and people grew wary of buying Internet software (we were SaaS as early as 1999 – our buyers were certainly “early adopters&# ) and life grew more difficult. We were unprepared.

PR 331

PR Software Review Ireland Germany 331

The Startup Magazine

SEPTEMBER 28, 2021

For example, when it comes to wrangling time off for which workers are eligible, then providing software will mean you can organize employee leave management without spreadsheets. Empowering HR with the right tools to manage the allocation of benefits is important in this context.

Stock Options 133

Stock Options Retention Salary Employee 133

Agile VC

DECEMBER 4, 2014

Additionally, you should put whatever agreement you reach to paper, even if you have not yet incorporated or had your legal counsel draw up the founder stock paperwork. You can then work with your law firm to formally draw up founder common stock paperwork either then or subsequently.

Cofounder 255

Cofounder Equity Founder Sweat Equity 255

Hearpreneur

JANUARY 19, 2022

To prepare for this we invested in Virtual Tour cameras and software and packaged it with our other services. Remote management and sharing platforms, video calling software, and group chats have become a norm, and have proven quite convenient. Thanks to Adam Garcia, The Stock Dork ! #10- 10- Developing a people-first culture.

Entrepreneur 119

Entrepreneur Metrics Technical Review North America 119

Up and Running

MAY 20, 2019

What literally haunts his dreams are not big things like salary or responsibilities or key projects. Give each a name and a stock photo. They make him feel like a useless cog in a wheel (in truth, he is). And the fact that they are so small and minor individually is what makes them even more infuriating. Make them part of your team.

Business Plan 92

Business Plan Angel Investor Partner Naming 92

Hearpreneur

JANUARY 1, 2023

Thanks to Abdul Saboor, The Stock Dork ! #2- 10,000 for keeping up with salaries and rental payments. Create an automated workflow that will save you hours of work, and will eliminate the need to hire new people who can be replaced by software. 2- Create an emergency fund. Photo Credit: Eva Tian. 21- Communicate with customers.

Entrepreneur 96

Entrepreneur Software Review Technical Review Revenue 96

Both Sides of the Table

JUNE 17, 2017

It was a stock option incentive related “expense” but I bet you didn’t know that because in an era where we only read the headlines — they must be a train wreck losing billions. The first company represents a normal software company that sells its products directly (either via sales staff or directly off of the internet).

Stock Options 227

Stock Options Startup Dilution Venture Capital 227

Agile VC

DECEMBER 4, 2014

Additionally, you should put whatever agreement you reach to paper, even if you have not yet incorporated or had your legal counsel draw up the founder stock paperwork. You can then work with your law firm to formally draw up founder common stock paperwork either then or subsequently.

Cofounder 173

Cofounder Equity Founder Sweat Equity 173

A Smart Bear: Startups and Marketing for Geeks

DECEMBER 21, 2009

For those hundreds of people who downloaded your software and never bought — is the reason "not enough features?". If you honestly can't imagine that there's anything a full-time person could do that would generate enough revenue to cover their salary, that's not a bad thing. It could be a new partner willing to work for stock.

Startup 315

Startup Revenue Cofounder Sales 315

Startup Professionals Musings

NOVEMBER 3, 2014

Spend the absolute minimum for what you need (equipment, software, and services) to keep your business running. Most startup founders already do this, rather than take a salary, to improve their offering. All you need is a blog, Twitter, email, some business card stock, and a little creativity. Reinvest gross profit.

Bootstrapping 278

Bootstrapping Startup Merger Salary 278

Up and Running

AUGUST 30, 2017

List an advisory board if you have one, list all employee salaries, incentives, referral bonuses for recruiting, and all such details. All percentages of ownership, investor details, stock details, and so on should be listed. Software costs. Write down the responsibilities and roles of everyone on your team. Registration fees.

Business Plan 93

Business Plan SBA Software Review Advisory Board 93

YoungUpstarts

MAY 16, 2018

What Levin discovered by talking with his customers was they really liked was the software he had invented to predict pricing and identify supply chain problems. His customers wanted Levin to become a software company providing customized solutions to steel companies. His company was stalled.

Silicon Valley 157

Silicon Valley Forecast Venture Capital Business Plan 157

Startup Professionals Musings

APRIL 23, 2013

Spend the absolute minimum for what you need (equipment, software, and services) to keep your business running. Most startup founders already do this, rather than take a salary, to improve their offering. All you need is a blog, Twitter, email, some business card stock, and a little creativity. Reinvest gross profit.

Equity 241

Equity Bootstrapping Startup Merger 241

Ben's Blog

MAY 18, 2012

Bill Campbell, Columbia MBA, ran a hot new consumer software company, Intuit, and Dave Duffield, Cornell MBA, ran the premier new enterprise software company, PeopleSoft. In practice, public market investors pile into stocks as they become overvalued and abandon high quality companies at the first sign of trouble.

Hiring 78

Hiring Silicon Valley Engineer Demand 78

YoungUpstarts

JUNE 2, 2011

It’s a lot like investing in the stock market — once everyone else starts jumping on the bandwagon, you’ve missed the window. According to a variety of studies, the cost of firing senior- or middle-management personnel can be as high as 300 percent of that person’s annual salary, and in some cases even higher. I apologize.

Cofounder 154

Cofounder Vermont Ohio Brazil 154

Steve Blank

OCTOBER 5, 2009

Never mind The first idea for our new company was a software product that looked something like Hypertext. As the conversation began to get down to how much stock and salary we could offer van Dam, we left the barber to finish his work and went to a payphone to call our CEO to confirm the deal.

North Carolina 125

North Carolina Silicon Valley Fractional VPE Part-Time VPE 125

Gust

OCTOBER 26, 2014

Spend the absolute minimum for what you need (equipment, software, and services) to keep your business running. Most startup founders already do this, rather than take a salary, to improve their offering. All you need is a blog, Twitter, email, some business card stock, and a little creativity. Reinvest gross profit.

Bootstrapping 176

Bootstrapping Startup Merger Salary 176

ConversionXL

MAY 27, 2022

And they put a lot of stock in them. Demand generation managers are well-compensated financially, but salaries differ considerably depending on experience. According to Payscale research , the average base salary for a DGM is $84,876. They know what their problem is, what’s needed to solve it, and what the best options are.

Demand 95

Demand Management B2B Campaign 95

help.bplans.com

SEPTEMBER 24, 2011

Business Plan Software. Sales and Marketing Software. UK Business Plan Software. More Business Software. I have given him the document that your software has produced (I’m not done with it yet) and he has proposed the following compensation plan. Business Plan Software. Marketing Plan Software.

Software Review 41

Software Review Equity RSS Business Plan 41

Women Entrepreneurs Can

MAY 17, 2021

Typical financial considerations when starting a business include: Your Own Salary – you’ll need to set aside enough money to support yourself until the business begins making a profit. Equipment and Stock – whether you’re launching a store, running a diner or opening a workshop, you’ll need capital to buy equipment and products.

Salary 52

Salary Finance Stock Cloud 52

Steve Blank

OCTOBER 24, 2017

To turn your company’s stock into cash, you engaged a top-notch investment bank (Morgan Stanley, Goldman Sachs) and/or their Silicon Valley compatriots (Hambrecht & Quist, Montgomery Securities, Robertson Stephens). It’s hard to think of a hardware/software or life science technology that dominates its space for years.

Founder 245

Founder Technical Review CTO Hire IPO 245

Startup Professionals Musings

SEPTEMBER 26, 2010

Spend the absolute minimum for what you need (equipment, software, and services) to keep your business running. Most startup founders already do this, rather than take a salary, to improve their offering. All you need is a blog, Twitter, email, some business card stock, and a little creativity. Reinvest gross profit.

Bootstrapping 240

Bootstrapping Merger Salary .Net 240

Up and Running

SEPTEMBER 24, 2015

The positive side is that you get a regular and reliable salary – providing your company is successful. Storing your eBay stock. Depending on what you sell, some good items to stock up on, that will make storing goods easier, include: Plastic or steel shelves. It must be for an officially accountable purpose.

Limited Liability Company 60

Limited Liability Company Stock LLC eCommerce 60

Transformify

DECEMBER 6, 2021

You need the right WFM software, from model management and operations to tracking your employees’ leave. If you’re struggling to keep up, you likely need the best workforce management software to help improve your team’s productivity. What Is Workforce Management Software?

Software Review 52

Software Review Software Employee Management 52

A Smart Bear: Startups and Marketing for Geeks

NOVEMBER 7, 2017

We’re tired of hearing how small software companies usually fail. But what about the companies that die even though they did sell some copies of software, and where the early team isn’t dysfunctional? Which means they have to stock large amounts of gasoline. I don’t have data for that cohort (tell me if you do!)

Software Review 294

Software Review Channel Revenue Non-Compete 294

Austin Startup

AUGUST 20, 2017

They’re looking to be paid properly in the context of the overall salary structure, including cash, benefits, and equity, and to be paid commensurate with performance. From time immemorial, or at least since programming became a profession, the creation of software has been a magical journey. Some take a day to explain.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

mashable.com

AUGUST 31, 2010

Now that we’re nearing the home stretch of 2010, it’s a good time to take stock of various odds and ends for your business. Follow her on Twitter @corpnet and Facebook. View more jobs » Daniel Stoica Awesome Post!

LLC 75

LLC Ruby Social Media Startup 75

Up and Running

FEBRUARY 12, 2014

It also shows you how much cash is left over to grow the business, pay your salary as owner, and cover any debt. Updated on a daily, weekly, or monthly basis, the statement can be a simple one-page spreadsheet or a more dynamic report created with accounting software like QuickBooks or FreshBooks.

Balance Sheet 136

Balance Sheet Small Business .Net Finance 136

www.instigatorblog.com

OCTOBER 23, 2010

I do believe that early employees should trade salary for equity. And if the equity values increase, it provides more reasonable wiggle room between salary and equity. Jason Penny Stocks stockexplosion I completely agree with you. Jason Penny Stocks stockexplosion I completely agree with you. This is a great post.

Equity 41

Equity Employee Startup Vesting 41

www.mint.com

MARCH 9, 2010

Go there now » Sign up or log in to mint.com Updates Drop Your Debt to Win 2 comments How To The Top 5 Customer Complaint Letters — And What You Can Learn From Them 5 comments Investing In Graphics: What Is a Stock? 2 comments Mint Life Know your money. Live your life. This is how the innovation wheel keeps turning.

Software Review 68

Software Review Startup Post-Money Valuation Technical Review 68

Hearpreneur

JANUARY 21, 2017

It was definitely a huge leap to leave the corporate world (and the salary and security that comes with it) and start a company. So I decided to become an Entrepreneur and start my own company for people who wanted to learn about trading in the Stock Market.

Entrepreneur 48

Entrepreneur Investment Bankers PR Social Media 48