Remove Common Stock Remove Product Remove Revenue Remove Software Developers
article thumbnail

Why Philosophy and Entrepreneurship?

Feld Thoughts

We planned to use smart yet inexpensive software developers to build business application software. We didn’t have any financing except for Brad’s credit card and the $10 with which we had purchased our common stock. It plateaued at around $2 million in revenue before we sold it in 1993.

article thumbnail

Why Philosophy and Entrepreneurship?

Feld Thoughts

We planned to use smart yet inexpensive software developers to build business application software. We didn’t have any financing except for Brad’s credit card and the $10 with which we had purchased our common stock. It plateaued at around $2 million in revenue before we sold it in 1993.

article thumbnail

Startup Funding – A Comprehensive Guide for Entrepreneurs

ReadWriteStart

You must have a prototype or a minimum viable product (MVP). The primary source of your funds should be your paying customers, i.e., your business should generate enough revenues and profits to fund the growth and expansion. To fund the sudden spike in production, funds will be required for additional inventory and wages.

Startup 150