YoungUpstarts

JULY 16, 2020

If your business is unable to weather the current economic storm and has to close or file bankruptcy, you can be held personally liable for any outstanding debts. Setting up a legal business entity for your business creates a “company” that is different from your personal identity and separate from your personal finances.

LLC 255

LLC Bankruptcy Venture Capital Stock 255

YoungUpstarts

JULY 25, 2016

Every small business is different when it comes to the need for financing. Some entrepreneurs can’t start their businesses without taking out a loan. If you think you’ll need a business loan, there are benefits to waiting at least a couple years after launching your new business to apply for financing. Bottom Line.

SBA 100

SBA Bankruptcy Finance Revenue 100

David Teten

JANUARY 21, 2021

This essay is part of a series on alternative VC: I: Revenue-Based Investing: a new option for founders who care about control. II: Who are the major Revenue-Based Investing VCs? III: Why are Revenue-Based VCs investing in so many women and underrepresented founders? IV: Should your new VC fund use Revenue-Based Investing?

Equity 78

Equity Revenue Cofounder Colorado 78

Gust

OCTOBER 12, 2011

Last week , we took the plunge and began dissecting an example term sheet for a convertible debt financing round piece by piece. In Part II, we looked at the mandatory conversion language that is at the heart of any convertible debt financing. Same, except at the option of the noteholders (per the term sheet example above).

Finance 107

Finance Term Sheet Pre-Money Valuation Early Stage 107

YoungUpstarts

JUNE 28, 2012

Considering how incredibly popular Harley-Davidson is today, it’s hard to believe that the motorcycle company was ever on the verge of bankruptcy, but it’s true. Harley-Davidson experienced near-bankruptcy from 1969 to 1981 when the American Machine and Foundry (AMF) bought the company and turned it upside down. Harley-Davidson.

Bankruptcy 195

Bankruptcy Texas Naming Venture Capital 195

Steve Blank

JUNE 24, 2013

The bill came due two decades later as the American auto industry spiraled into bankruptcy and its market share plummeted from 75% in 1981 to 45% in 2012. When you get customer scale and raise a large financing round , take the battle to the incumbents. i.e. revenue/profit sharing, two-tier hiring, etc. In contrast, U.S.

North Carolina 335

North Carolina New Jersey New York Government 335

Steve Blank

JUNE 24, 2013

The bill came due two decades later as the American auto industry spiraled into bankruptcy and its market share plummeted from 75% in 1981 to 45% in 2012. When you get customer scale and raise a large financing round , take the battle to the incumbents. i.e. revenue/profit sharing, two-tier hiring, etc. In contrast, U.S.

North Carolina 227

North Carolina New Jersey New York Government 227

Growthink Blog

OCTOBER 12, 2016

And unfortunately many entrepreneurs and executives who otherwise could be excellent innovators and change agents simply are NOT, and thereby their companies suffer. Last week, I wrote about how and why the most prized, but often overlooked asset of any organization is its capacity to change and innovate. ensures our ultimate success.

Bankruptcy 48

Bankruptcy Sales Campaign Hiring 48

Steve Blank

OCTOBER 1, 2009

Sloan kept the corporate staff small and focused on policymaking, corporate finance and planning. If you’re an entrepreneur you might be interested to know that when Sloan took over General Motors in 1923, it was already a $700 million dollar company (about $8.5 Durant was an amazing entrepreneur. I find both intriguing.

Silicon Valley 170

Silicon Valley United States RSS Customer Development 170

David Teten

DECEMBER 3, 2019

Small investment firms often have interns and entrepreneurs in residence passing through, each of which is a security risk. Chris Dixon, Partner, A16Z, observes , “Success in VC is probably 10% about picking, and 90% about sourcing the right deals and having entrepreneurs choose your firm as a partner”. 2) Market .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

ReadWriteStart

APRIL 30, 2020

The latter group also tends to spend every waking moment in the pursuit of lining up new financing. I refer here to startups that waste their financing as though there’s an endless supply of cash waiting to be brought in the doors as go-go startups. The Go-Go Startup. It’s easy to understand why.

Burn Rate 107

Burn Rate Management Startup Early Stage 107

Women Entrepreneurs Can

SEPTEMBER 15, 2019

Business loans are not always a sign of mismanaged finances. Upfront costs for startups can be extremely expensive, and a term loan is especially useful to finance your expansion efforts. Do your homework by doing a revenue forecast. Taking a loan will help safeguard the continued growth of your business.

Due Diligence 40

Due Diligence Forecast Finance Bankruptcy 40

Mike Michalowicz

OCTOBER 19, 2015

An accounting firm based in Santa Monica, CA, specializing in bankruptcy, from 2001 to 2003. Seth’s role there was to perform audits; prepare tax returns for Corporations, S-Corps, LLC’s, Partnerships; and bankruptcy compilation work for SEC reporting and litigation. Fundera – Single source online funding for entrepreneurs.

Video 60

Video SEC Bankruptcy Wisconsin 60

Up and Running

JULY 17, 2015

You’ll want to read the FTC guidelines and check with your state’s revenue agency to make sure you comply with the law. See Also The Best Free Apps and Online Tools for Entrepreneurs. Finance law. Bankruptcy. Of course, some states don’t have any sales tax. International sales laws. Privacy law. Data security.

Intellectual Property 60

Intellectual Property Bankruptcy United States Montana 60

Both Sides of the Table

FEBRUARY 14, 2016

I’d like to explain as best I can my opinion on what is going on because most of what I hear from entrepreneurs is not only wrong but is reminiscent of what I heard in 1997-2000. ” “This will be great for VCs and bad for entrepreneurs.” What is the True Sentiment of VCs? ” “Sure, prices are dropping.

Valuation 150

Valuation Down Round Startup Later Stage 150

Startup Lessons Learned

AUGUST 26, 2020

We are still reeling from the first order of consequences of the pandemic, but we are also starting to see the second and third order effects, unemployment, hunger, mass bankruptcy, and the inequity and injustice of this crisis. Irma Olguin : Well, it's not glamorous, but the first I tried as an entrepreneur, it was out of necessity.

Fresno 60

Fresno Community Technology California 60

Cracking the Code

OCTOBER 10, 2008

Be prepared to cross the desert - SaaS requires R&D and sales expense up front for a multi-year stream of revenue, so it demands enough investment capital to fund 4+ years of runway. Farming is also often overlooked, but can help grow customer accounts and revenues from 30% upwards (if successful). Great list! Philippe Botteri.

Software Review 48

Software Review North America Europe Metrics 48

Both Sides of the Table

AUGUST 9, 2011

Companies with less than $2 million in revenue were asking for $50-60 million valuations and getting them. I thought about things I never had to as an entrepreneur: check size, ownership percentage, deal stage, portfolio construction and risk. Lehman Brothers had filed for bankruptcy. Finance where needed.

Stock 305

Stock Technical Review Marketing Greece 305