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What Should You Do with Your Crappy Little Services Business?

Both Sides of the Table

The founders could reinvest this in growth (0% tax, focus on future equity growth) or take the profits of $12 million and divide amongst the founding partners. Angel financing – just because VCs won’t back this kind of business doesn’t mean angels won’t. That is $12 million in profits over 3 years.

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Interview with Sramana Mitra on 1M/1M Program

Life Beyond Code

One Million by One Million is a global initiative that aims to nurture a million entrepreneurs reach a million dollars each in annual revenue and beyond by 2020, thereby creating a trillion dollars in global GDP and ten million jobs. By April 2010, the One Million by One Million (1M/1M) global initiative had been formally named.

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Convertible Equity, A Better Alternative To Convertible Debt?

techcrunch.com

The reason why many have started using the debt note, is because with no complications, an average convertible debt deal can be sealed with a five to seven page legal agreement that takes just a few hours to finish, and costs $5,000 or less. Ressi estimates that the debt note now accounts for over 50% of all angel and early stage deals.

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