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. ” If you’re not profitable you’re purely a cost center to them. Cost of Goods Sold (COGS) =. Operating Costs.
Both Sides of the Table
JANUARY 5, 2010
Partners in VC funds only wanted to fund entrepreneurs who had a certain percentage of their net worth tied up in their venture. 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. That’s hard core. Not my problem.
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The Startup Magazine
OCTOBER 5, 2020
However, the beauty of being in college is that it’s a safety net. In return, you may be able to get your hands on some seed money for your college startup. Low Costs . The college campus itself provides a myriad of resources that otherwise would cost you a small fortune to utilize. For instance, it has: .
Version One Ventures
JULY 22, 2014
The ability to raise money no longer determines one’s fate. With lowered costs to build and run websites, acquire and retain users, virtually anybody can pick up coding and start a tech company. First, there will be a consolidation in the accelerator space, with the net effect of reducing the number of available spaces for start-ups.
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. COGS” represents the amount that each sale costs you. They both raised angel / seed money of $1.5 Not necessarily.
Berkonomics
MARCH 30, 2012
Fees may seem high at first, but, on a total cost basis, these funding sources can appear more reasonable. Crowd Funding: The Internet is at work here, especially for obtaining early stager seed money. Research the Net for guidance in this arena, which is changing as laws enabling this are evolving.
Both Sides of the Table
SEPTEMBER 2, 2009
The net effect for [my company] for example is we are now doing reasonably well. 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. At some point, this breaks if their isn’t an exit or IPO.
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