Startup Professionals Musings

NOVEMBER 28, 2012

In almost every state, you can incorporate as an LLC with a minimal effort, and a cost in the hundred dollar range. It also forces you to pick a name for your company and put other intellectual property stakes in the ground. Pundits in Latino countries quickly pointed out that the name, ‘no va’ means ‘does not go’ in Spanish.

Entrepreneur 274

Entrepreneur Intellectual Property LLC Burn Rate 274

This is going to be BIG.

MARCH 1, 2010

Even after we got funded, it took us three months to hire our first two developers at our prior companies—and I consider us pretty visible and well-networked. Even in the Valley, it will cost you over 20k to pay to recruit a developer. That being said, is low burn rate really what you should be optimizing for?

New York City 120

New York City New York Startup Burn Rate 120

Gust

DECEMBER 29, 2013

In almost every state, you can incorporate as an LLC with a minimal effort, and a cost in the hundred dollar range. It also forces you to pick a name for your company and put other intellectual property stakes in the ground. Pundits in Latino countries quickly pointed out that the name, ‘no va’ means ‘does not go’ in Spanish.

Startup 183

Startup Intellectual Property LLC Burn Rate 183

Transformify

AUGUST 27, 2017

All of the above is true, but it is also true that many startups have failed because they hired too early, too fast, or fired too late. Many of the points below can be found among the best hiring practices for startups and there is nothing wrong with them in general. Then the hiring begins. Hire full-time employees.

Hiring 64

Hiring Software Review Burn Rate Startup 64

Up and Running

DECEMBER 11, 2013

Investors like valuation to relate to actual business numbers, such as sales, gross margin (price less direct costs), and burn rate or fixed costs. I can take the money you want, hire some people, and become your competitor.” It’s simple math. . That’s a simple matter of making offers and counter offers.

Valuation 136

Valuation Oregon Burn Rate Angel Groups 136

The Next Web

JUNE 15, 2015

Also, unless the company is a well-known household name, consumers in foreign markets tend to trust and be more aware of local brands. For the areas that the company found harder to crack, Airbnb employed a hands-on strategy by sending in small teams at a relatively low cost to generate grassroots interest in their service.

Global 60

Global Burn Rate Startup CPA 60

Startup Lessons Learned

MAY 15, 2020

It's never selfish to hire. Mark has a unique ability to use his name and his platform to open doors. I mean people out there don't realize the cost per click for advertising is going down. The customer acquisition costs are going down. I said, "Hire people. Hire them to do whatever you can find them to do."

Dallas 68

Dallas Employee Government Social Media 68

Steve Blank

APRIL 20, 2009

In ten years, from the early 1950′s to the early 1960′s, the valley went through a hiring frenzy as jobs in microwave companies went from 700 to 7,000. When I read the funny names of these microwaves devices… Backward wave oscillators, TWT’s, Magnetrons…long silent memories came back. to do that.

Silicon Valley 297

Silicon Valley RSS San Francisco Technical Review 297

www.paulgraham.com

APRIL 28, 2010

A big-name VC firm will not screwyou too outrageously, because other founders would avoid them ifword got out. When we got into such a scrape, our investorstook advantage of it in a way that a name-brand VC probably wouldnthave. Thats where the name"incubator" comes from. What is an incubator? Im not sure myself.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

abovethecrowd.com

APRIL 20, 2016

The pressures of lofty paper valuations, massive burn rates (and the subsequent need for more cash), and unprecedented low levels of IPOs and M&A, have created a complex and unique circumstance which many Unicorn CEOs and investors are ill-prepared to navigate. Layoffs have also become more prevalent.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

K9 Ventures

MARCH 22, 2009

So starting a venture right out of school comes with an opportunity cost. Things like choosing a law firm, finding an accountant, hiring people, finding an office, figuring out equity structures, raising money. You haven’t started earning the big bucks and your lifestyle has a low burn rate.

Cofounder 54

Cofounder Burn Rate Founder Startup 54

www.chubbybrain.com

SEPTEMBER 28, 2011

created a vastly higher cost structure; I had 80 people mostly on base salaries under $100,000 and was bringing in revenue at the rate of $20 million annually. Contributing to the high cost structure was the new culture of working 9-5 Monday through Friday. Post-Mortem Title : My eHarmony for Hiring Failure.

Software Review 79

Software Review Startup Technical Review Vesting 79

Startup Lessons Learned

MARCH 13, 2009

And even worse, wed cranked up the burn rate in order to be ready to handle all those millions of mainstream customers we anticipated. Who doesnt want to see their name in print? Now that were beginning our first marketing, the key partners we need have heard our name long enough to trust us. Founders push for it.

San Francisco 168

San Francisco PR Lean Early Stage 168

Both Sides of the Table

AUGUST 9, 2011

The parallels to the music industry are too obvious even though the industry players, the medium and the cost structures are different. Companies raised too much money in 2005-08 and had high burn rates. I can’t say his name yet because he hasn’t announced funding. tl;dr summary. So no new deals got done.

Stock 305

Stock Technical Review Marketing Greece 305