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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

by Michael Woolf that is worth any startup founder reading to get a sense of perspective on the reality warp that is startup world during a frothy market such as 1997-1999, 2005-2007 or 2012-2014. So if your costs are $500,000 per month and you have $350,000 per month in revenue then your net burn (500-350) is equal to $150,000.

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5 Most Successful Products Ever and What Small Businesses Can Learn From Them

crowdSPRING Blog

iPhone (2007). In 2007 Apple launched the iPhone and revolutionized the mobile phone industry. Lipitor (1997). So, set your business’s next product design on the path to profitability with the valuable lessons from these 5 positively staggering successful products. Image courtesy of MacWorld.

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On Bubbles … And Why We’ll Be Just Fine

Both Sides of the Table

I know that most people who are close to them tend to deny their existence, as we saw in the great housing bubble of 2002-2007 and the dot com bubble of 1997-2000. When your competition does irrational things to grow fueled by low-cost capital it makes it harder for you to compete by playing by the conventional rules.

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30 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

In 2007, I left my career to become a stay-at-home mom. In 1997 at just 42 years old, I suffered a massive heart attack that landed me in the ICU. I have a mix of incredible clients across multiple industries, while also continuing to give back to the nonprofit sector. Thanks to Eric Nemeth, Eric PR & Marketing ! #6-

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How Falling In Love With My Product Killed My Business

Software By Rob

Rogue Wave’s fall began during Java’s rise to power in 1997-8. If it was good enough for 2001, it was good enough for 2007. My last year as an art show attendee was 2008, when my sales barely covered my hard costs. In short, people loved their product and Rogue Wave prospered accordingly. I decided to hang up the business.

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Customers Love Free Stuff … But That’s Not Your Problem

abovethecrowd.com

Warren Buffet, 1997. According to an interview with Elon Musk, this campaign cost Paypal about $60 million , which most Silicon Valley historians would consider money well spent. It would cost a tremendous amount of money to run such a program. With the 7% banker fee that is a 35% AVERAGE cost of capital.

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15 Entrepreneurs Discuss Why they Started Their Businesses

Hearpreneur

We believe that as humans we have the right to lovely luxuries, and the responsibility to ensure they never come at the cost of another life. I had the idea to start Blue Compass in 2007 because I saw the need for a service. In 1997 we were IT consultants. Thanks to Kristen and Frank Pizzo, Bath, Body, and Candle Moments. #8

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