Startup Professionals Musings

FEBRUARY 15, 2011

I now see and believe business plans that budget $1K for all this, versus a previous $20K or more. Founders now routinely use their home to operate their startup until they are well into the revenue phase. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more.

Entrepreneur 235

Entrepreneur Burn Rate SEM Social Network 235

Gust

JUNE 10, 2012

I now see and believe business plans that budget $1K for all this, versus a previous $20K or more. Founders now routinely use their home to operate their startup until they are well into the revenue phase. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more.

Cost 139

Cost Burn Rate SEM Startup 139

Startup Professionals Musings

FEBRUARY 13, 2010

I now see and believe business plans that budget $1K for all this, versus a previous $20K or more. Founders now routinely use their home to operate their startup until they are well into the revenue phase. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more.

Burn Rate 125

Burn Rate SEM Social Network Angel Investor 125

Small Business Force

FEBRUARY 21, 2014

In early stage companies (and even some later stage or mature ones), there is no one area where most entrepreneurs and small business owners are lacking in just basic fundamentals, than in dealing with their company's finances and financial management. Follow the "gospel of cash flow" and it starts with revenue generation.

Finance 37

Finance Management Forecast Entrepreneur 37

ConversionXL

NOVEMBER 6, 2019

For this article, we asked 14 SaaS CEOs a simple question: “How much did you spend on your MVP before you had your first dollar of revenue?”. The MVP took around four months to build, during which time the company earned no revenue. They then spent the first year qualifying the product and testing out their revenue model.

Sweat Equity 78

Sweat Equity Software Review Vesting Cofounder 78

ConversionXL

NOVEMBER 6, 2019

For this article, we asked 14 SaaS CEOs a simple question: “How much did you spend on your MVP before you had your first dollar of revenue?”. The MVP took around four months to build, during which time the company earned no revenue. They then spent the first year qualifying the product and testing out their revenue model.

Sweat Equity 50

Sweat Equity Software Review Vesting Cofounder 50

A Smart Bear: Startups and Marketing for Geeks

MARCH 11, 2014

Edwin: Small to medium, so I have people that have teams of five people in their company, 20 people in their company up to 200. Jason: For example, like in America, small business is up to 150. I do think that most of my customers are small/medium businesses. Jason: Okay. I’m just clarifying. Edwin: Yes.

Technical Cofounder 220

Technical Cofounder Cofounder Software Review Management 220

grasshopper.com

SEPTEMBER 24, 2011

Equity-based pay is often used by the founders of young start-ups who want to grow their businesses but cannot offer big salaries to qualified professionals. Funded companies are typically a safer bet than bootstrapped ventures for two important reasons. Small Business. Getting Paid in Equity: A What to Do Guide.

Equity 41

Equity Vesting Sweat Equity Salary 41

Up and Running

MAY 28, 2015

We recently had Tim Berry, Palo Alto Software founder and business planning expert, present our Bplans audience with his latest advice on lean business planning. You do in small business, in startups, you survive on focus, and my shortcut to strategy that I like is think about identify, market and business offering.

Lean 60

Lean Business Plan Video Software Review 60

Software By Rob

SEPTEMBER 1, 2011

Who says a bootstrapped startup can’t succeed? Here are 10 bootstrapped companies that did it on their own with no outside funding. Looking back on their previous experiences working at startup companies, the founders decided to bootstrap their business in lieu of seeking outside funding. Startup #1: Goldstar.

Bootstrapping 78

Bootstrapping Startup Cofounder Salary 78

Hearpreneur

JUNE 14, 2017

We’ve continued bootstrapping since then — today we are a $2.5 I loved small business owners and their stories of success. If I can put it in a few words, I started my business to bring real change to the way small businesses and freelancers manage their accounting. Thanks to Nick Gray, Museum Hack ! #6

Entrepreneur 128

Entrepreneur South Africa PR Thailand 128

YoungUpstarts

OCTOBER 7, 2015

Starting a business does not have to be particularly expensive. Many companies are successfully bootstrapped from the outset and the list of major expenses fairly predictable, for example salaries and office rent. Our marketing software bill is the single biggest expense for the business after salaries.

Cap Table 100

Cap Table Intellectual Property Salary Bootstrapping 100

online.wsj.com

SEPTEMBER 23, 2012

Small Business. SMALL BUSINESS. more in Small Business. If failure is defined as failing to see the projected return on investment—say, a specific revenue growth rate or date to break even on cash flow—then more than 95% of start-ups fail, based on Mr. Ghoshs research. » More.

Venture Capital 107

Venture Capital Software Review Rhode Island North Dakota 107

techcrunch.com

OCTOBER 23, 2010

[link] tenthings most business-grads are too arrogant to realize that they are selling technology, not hot air, so they need a tech team to build upon, not a product. Kellie This couldn’t have come at a better time… I’m about to step into that small business selfemployment arena. From Nothing To Something.

Technical Review 84

Technical Review Cofounder Technical Cofounder Software Review 84

VC Cafe

NOVEMBER 11, 2010

VC Cafe interviewed Engimai’s founder and CEO Adir Iakya to learn more about what it takes to bootstrap a SaaS business and how Enigmai is planning to go to market. Because you ask people to quit their jobs and leave the security of a salary. Adir: We are still a bootstrapped company. We save lots of time.

Cloud 134

Cloud South America Bootstrapping 134

VC Cafe

NOVEMBER 11, 2010

VC Cafe interviewed Engimai’s founder and CEO Adir Iakya to learn more about what it takes to bootstrap a SaaS business and how Enigmai is planning to go to market. Because you ask people to quit their jobs and leave the security of a salary. Adir: We are still a bootstrapped company. We save lots of time.

Cloud 134

Cloud South America Bootstrapping 134

VC Cafe

NOVEMBER 11, 2010

VC Cafe interviewed Engimai’s founder and CEO Adir Iakya to learn more about what it takes to bootstrap a SaaS business and how Enigmai is planning to go to market. Because you ask people to quit their jobs and leave the security of a salary. Adir: We are still a bootstrapped company. We save lots of time.

Cloud 134

Cloud South America Bootstrapping 134

YoungUpstarts

JANUARY 26, 2016

Although it’s key for every business to forge its own path, there are certain non-obvious hacks any entrepreneur or small business can take on board to swing the odds in their favor. Despite being a bootstrapped company with little revenue, we over-invested in a central New York City office at a rate of 15% rent to revenue.

Software Review 100

Software Review New York City Salary Employee 100

sivers.org

JUNE 25, 2010

Im a UX and front end designer bootstrapping my own products with pure sweat equity at night but always looking for someone else to partner with(engineer/programmer)to bring these ideas life. Dont make cheap skate equity offers, with programmer getting equity share of first employee and salary of founder(nothing or next to nothing).

CTO Hire 84

CTO Hire Hiring Software Review Technical Review 84