Startup Professionals Musings

SEPTEMBER 30, 2013

Don’t expect them to believe your $100M revenue projection, if you are still waiting for the first revenue dollar. Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. Only real results count.

Intellectual Property 281

Intellectual Property Entrepreneur Sweat Equity CTO Hire 281

YoungUpstarts

AUGUST 5, 2015

Many startups don’t initially have the need or revenue to fill multiple “C level” positions. Our intention from day one was to have both an executive board and an advisory board. Unfortunately, a formal advisory board was something we never fully formed. Ensure value alignment by actions, not just words.

CTO Hire 100

CTO Hire Fractional CTO Advisory Board Software Review 100

YoungUpstarts

JUNE 4, 2019

At Wildcat, we recommend benchmarking your startup against the four core architectural pillars of the Traction Gap Framework: product , revenue , team and systems. Revenue Architecture. A comprehensive revenue architecture should be designed to enable a startup to generate and monetize awareness, engagement and usage.

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Framework Architecture Cleveland Early Stage 118

YoungUpstarts

MAY 24, 2019

At Wildcat, we recommend benchmarking your startup against the four core architectural pillars of the Traction Gap Framework: product , revenue , team and systems. Revenue Architecture. A comprehensive revenue architecture should be designed to enable a startup to generate and monetize awareness, engagement and usage.

Framework 104

Framework Architecture Cleveland Early Stage 104

Startup Professionals Musings

AUGUST 31, 2012

Don’t expect them to believe your $100M revenue projection, if you are still waiting for the first revenue dollar. Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. Only real results count.

Intellectual Property 260

Intellectual Property Sweat Equity CTO Hire Fractional CTO 260

Startup Professionals Musings

NOVEMBER 7, 2022

There is no point incubating an innovative new venture if you don’t have the funds to launch and expect quick self-sustaining revenue. Assemble an engaged new venture advisory board. Commit a source of internal or external seed funding. Don’t count on friends and family, crowdfunding, angels, or other external investors.

Advisory Board 359

Advisory Board Incubator Dilution Agile 359

Duct Tape Marketing

JUNE 7, 2023

Over the past two decades, she has led large revenue-producing divisions at businesses ranging from start-ups to the Fortune 500. Over the past two decades, she has led large revenue producing divisions at businesses ranging from startups to Fortune 500. Do you have an employee advisory board? with Tiffani Bova.

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Employee Technical Review Advisory Board Sales 76

Startup Professionals Musings

JUNE 17, 2011

Don’t expect them to believe your $100M revenue projection, if you are still waiting for the first revenue dollar. Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. Only real results count.

Intellectual Property 253

Intellectual Property Sweat Equity CTO Hire Fractional CTO 253

YoungUpstarts

JULY 5, 2011

He later worked for eight years at the European Union commission helping to develop the cultural industry in Africa (cultural products being the main exports – and revenue – for poor African countries). Peer-To-Peer Referral Network. The African Boy Who Could.

Togo 200

Togo Africa Advisory Board Campaign 200

The Startup Magazine

OCTOBER 25, 2017

The business models not only have to have the potential to scale, they also need to have demonstrated product acceptance, be post-revenue, be innovative within their space, and meet timing criteria for broad market acceptance. Led by former Apple project manager Brian Brackeen, Kairos set up an Endeavor-facilitated advisory board.

Miami 61

Miami Technical Review Software Review Artificial Inteligence 61

YoungUpstarts

SEPTEMBER 15, 2015

Here are seven ways that advisors can immediately help your small business achieve the next level of success: Assist With Strategies & Connections to Have Record Revenue & Profit in 2016. The right advisor can have a greater impact on the success of your small business than any other hire you ever make.

CTO Hire 100

CTO Hire Fractional CTO Small Business Hiring 100

David Teten

JANUARY 19, 2021

More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Flexible VC 101: Equity Meets Revenue Share. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad. Flexible VC: Revenue -based. Of the Inc.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Startup Professionals Musings

MAY 22, 2010

Don’t expect them to believe your $100M revenue projection, if you are still waiting for the first revenue dollar. Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. Only real results count.

Intellectual Property 222

Intellectual Property Sweat Equity CTO Hire Fractional CTO 222

David Teten

MAY 7, 2019

As a VC, I’m interested in working with companies with large-scale revenue potential, and that’s the company we envision. I’ve recruited an Advisory Board including officials from the CIA and the State Department; leaders from major family offices; and a former major party Presidential candidate. .

America 60

America Technical Review Advisory Board Due Diligence 60

David Teten

JULY 10, 2019

As a VC, I’m interested in working with companies with large-scale revenue potential, and that’s the company we envision. I’ve recruited an Advisory Board including officials from the CIA and the State Department; leaders from major family offices; and a former major party Presidential candidate. . A nonprofit?

America 60

America Technical Review Advisory Board Due Diligence 60

BeyondVC

JANUARY 3, 2019

We are purpose-built to not only invest pre-product but also to help accelerate your path to product-market fit with our decades of entrepreneurial and investing experience along with our active CXO advisory board. The 10 year bull market where every company’s revenue chart is up and to the right is over.

Stealth 79

Stealth Advisory Board Cloud Virginia 79

Steve Blank

MAY 19, 2015

I had lunch last week with Tom, the CEO of a startup that was quickly becoming a large company – last year’s revenue was $40M, this year likely to be $80M maybe even $100 million in ad revenue. to drive traffic to their site, which they then turned into ad revenue. Is that feasible? Lessons Learned.

Technical Review 120

Technical Review Salary Early Stage Software Review 120

Steve Blank

NOVEMBER 16, 2009

In it, I got asked a question I often hear: “What if we have a web-based business that doesn’t have revenue or paying customers? And without revenue how do we know if we achieved product/market fit to exit Customer Validation?” They’re putting money into web services/business – most without early revenue. End of theory.&#

Customer Development 219

Customer Development Web Developer Customer 219

Hearpreneur

DECEMBER 12, 2021

We have a handful of trusted mentors we utilize sort of like an advisory board. In over six months, my mentor helped me develop a passive way of earning revenue by detecting the opportunity in the market. Photo Credit: Ryne Lambert. Mentors have played a vital role in our business in the last three and a half years.

Entrepreneur 124

Entrepreneur Technical Review Advisory Board Leadership 124

Startup Professionals Musings

JANUARY 6, 2021

For example, Mark McClain, cofounder and CEO of SailPoint Technologies , created an employee growth culture resulting in growth of forty percent a year, with more than $100 million in revenues. The company has since gone public, and is still a market leader. Plan a long-term strategy, and avoid crisis moves.

Technical Review 400

Technical Review Technical Cofounder Advisory Board Cofounder 400

Growthink Blog

MAY 20, 2011

Like building an advisory board. Maybe you have $1 million in revenues. And if you're generating $1 million in revenues, find someone who's generating $5 million. also would have told him things that he should have been doing. Like raising angel funding (where he might get them to sign an NDA). Maybe $5 million.

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Venture Capital Valuation NDA Non-disclosure Agreement 109

OnlyOnce

AUGUST 12, 2021

As I’ve gone about building our business at Bolster, including leading several dozen board searches for companies of all sizes and stages from pre-revenue to public, I’ve noticed that there are still a lot of questions among company leaders about board-building best practices.

Advisory Board 62

Advisory Board Startup Government Search 62

YoungUpstarts

OCTOBER 22, 2012

And in an increasingly social and networked world — not to mention an economy where every dollar of revenue is critical — this type of third party validation is more important than ever. These may include references, referrals, testimonials, serving on advisory boards, and participating in your customer communities, he explains.

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Programming Customer Social Media Advisory Board 145

Startup Professionals Musings

AUGUST 19, 2016

In my role as an advisory board member for several startups, I’m always excited to see that initial surge of revenue from a great rollout campaign. An initial revenue surge, or a major cash advance from investors often leads to a mentality of building a large customer base at any cost.

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Advisory Board Startup Revenue Finance 120

The Startup Magazine

MAY 28, 2019

They see it as a tool to drive their business instead of sharing their revenues with us.’. From our hard working and talented employees, ‘smart-money’ investors, to our Advisory Board Members that include Gerry Calabrese founder of Hoxton Spirits or Tomasz Fajfer European Financial Director of Sephora and ex Board Member of Costa Coffee.

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Advisory Board Angel Investor Startup Cofounder 91

Startup Professionals Musings

JUNE 22, 2016

These need to go beyond the traditional revenue, cost, and volume metrics which may not yet have data, and can mislead you about real customer acceptance. Build an inside advisory board of influencers and experts. Early examples would include website traffic, positive reactions from potential customers, and blogger support.

Metrics 143

Metrics Advisory Board Startup Lean 143

Startup Professionals Musings

JULY 28, 2017

The accountant may accurately record every transaction, but only you can make the strategic tradeoffs on marketing costs versus customer revenue, product quality versus support, and so forth. Too many business owners are convinced that listening to an advisory board or Board of Directors is a waste of time and money.

Cost 180

Cost Advisory Board Entrepreneur Angel Investor 180

Startup Professionals Musings

AUGUST 4, 2013

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Here is where your Advisory Board can help you in finding real people with deep experience in your product domain, and gather some unbiased feedback. These days, the technical side may be the easy part.

Business Model 235

Business Model Product Advisory Board Angel Investor 235

Startup Professionals Musings

AUGUST 13, 2012

Clearly define the customer, channel, and revenue model associated with this solution. In this section, you need to be passionate about revenue, profit, and volume growth. Many people seem to use the social network advertising model for revenue, but forget it assumes at least 100M users and $50M investment. Exit strategy.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

YoungUpstarts

JUNE 7, 2017

If a company is doing this, it is typically doubling in revenue every year for three to five years, and sometimes longer. Supergrowers” – companies whose growth was greater than 60 percent when they reached $100 million in revenues – were eight times more likely to reach $1 billion in revenues than those growing less than 20 percent. (5)

Advisory Board 123

Advisory Board Revenue Vertical Business Model 123

Growthink Blog

OCTOBER 22, 2012

That Often It is Better to Receive than to Give : While advisory board members, unlike a formal board, do not have liability nor fiduciary responsibility, their time and energy requirements to participate are significant. The “ which ” questions are in many ways the harder ones that an advisory board dynamic can help address.

Advisory Board 91

Advisory Board Management Revenue Operations 91

Duct Tape Marketing

APRIL 11, 2022

By ignoring customer referrals or not incorporating customer referral program ideas into your marketing strategy, you're missing out on a valuable source of revenue. Exclusive Content or Advisory Board You can create exclusive content or an advisory board of your champion customers.

Programming 87

Programming Small Business Advisory Board B2B 87

Startup Professionals Musings

JUNE 30, 2012

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Here is where your Advisory Board can help you in finding real people with deep experience in your product domain, and gather some unbiased feedback. These days, the technical side may be the easy part.

Business Model 248

Business Model Advisory Board Entrepreneur Angel Investor 248

David Teten

SEPTEMBER 5, 2014

I’ve written on the expert network industry a fair amount in the past: see How to Earn More Consulting Revenue from Expert Networks and How Executives Can Work with Private Equity and Venture Capital Portfolio Companies. Here the rigor in qualifying the GLG Share members helps, because we want the conversation to be valuable on both sides.

New York 114

New York Technical Review Networking Advisory Board 114

ConversionXL

AUGUST 11, 2021

It contains the story of your property, mission statement, sponsor benefits, demographics, marketing plan, goals, media opportunities, advisory board, and the sponsor fees.”. An inventory of metrics: Click-through rates, newsletter subscribers, downloads, social engagement, revenue figures, etc. Source ).

Audience 139

Audience Social Media Email Ruby 139

A Smart Bear: Startups and Marketing for Geeks

SEPTEMBER 4, 2012

I mean, it’s easy to talk to very little bands and just say I feel like the amount of revenue for you is very little. The core of the business though, the revenue model, so it’s free to join, but then there’s the optional paid membership. Gelie: That’s not the only revenue stream. Gelie: Correct.

Cofounder 199

Cofounder Technical Review Chicago Technical Cofounder 199

Startup Professionals Musings

MAY 13, 2011

Clearly define the customer, channel, and revenue model associated with this solution. In this section, you need to be passionate about revenue, profit, and volume growth. Many people seem to use the social network advertising model for revenue, but forget it assumes at least 100M users and $50M investment. Exit strategy.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290