article thumbnail

What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

Burn Rate 383
article thumbnail

The @TWTFelipe Story – A Tale of US Visa Policy Gone Awry (#startupvisa)

Both Sides of the Table

In 2005 he was graduated and took a job in South Carolina working for technology company while he started his own web design company on the side. By 2005 I had moved back to the US and we started hiring US employees (The first two employees we hired had both grown up in India! I hope that didn’t have a stature of limitation!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Factual Data On Popular New Venture Success Timelines

Startup Professionals Musings

In 2005, Facebook still showed a yearly net loss of $3.63 Facebook - Mark Zuckerberg, while attending Harvard as a sophomore, concocted “Facemash” in 2003 to get a lost girlfriend off his mind. He later changed the name to Facebook. But within five years it became an overnight success, and now has nearly 3 billion users worldwide.

article thumbnail

The Average Startup Overnight Success Takes Six Years

Startup Professionals Musings

In 2005, Facebook still showed a yearly net loss of $3.63 Facebook - Mark Zuckerberg, while attending Harvard as a sophomore, concocted “Facemash” in 2003 to get a lost girlfriend off his mind. He later changed the name to Facebook. But within five years it became an overnight success, and now has nearly 2 billion users worldwide.

article thumbnail

How Podcasting Can Transform Your Business: Lessons in Networking and Lead Generation

Duct Tape Marketing

I've told people, I actually started my podcast in 2005. And so again, we just want to create more of these butterfly gardens so that we don't have to be running up and down the street with a butterfly net. And your network is truly your network worth today. John (05:45): So I want to go back to that idea of relationship building.

article thumbnail

How Long Should It Take For a Startup to Succeed?

Startup Professionals Musings

In 2005, Facebook still showed a yearly net loss of $3.63 Facebook - Mark Zuckerberg, while attending Harvard as a sophomore, concocted “Facemash” in 2003 to get a lost girlfriend off his mind. He later changed the name to Facebook. But within five years it became an overnight success, and now has about 400 million users worldwide.

article thumbnail

Can You Beat Amazon In The Race To Overnight Success?

Startup Professionals Musings

In 2005, Facebook still showed a yearly net loss of $3.63 Facebook - Mark Zuckerberg, while attending Harvard as a sophomore, concocted “Facemash” in 2003 to get a lost girlfriend off his mind. He later changed the name to Facebook. But within five years it became an overnight success, and now has nearly 2 billion users worldwide.