Remove Covenant Remove Lean Remove Marketing Remove Sales
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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

by Michael Woolf that is worth any startup founder reading to get a sense of perspective on the reality warp that is startup world during a frothy market such as 1997-1999, 2005-2007 or 2012-2014. We’re going to start aggressively spend money on marketing our product. (it is also the title of a fabulous book from Internet 1.0

Burn Rate 383
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Master of Customer Acquisition, Matt Coffin, On Startups …

Both Sides of the Table

He tells the story of how he was out of cash, stressed out, nobody in LA or Silicon Valley would give him money, he had finally found an investor in Minneapolis but his venture bank was going to shut him down for breaking a “covenant&# in their agreement by not having enough cash in the bank. The answer?

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10 Things the Bank Will Ask When You Need a Business Loan

Up and Running

Nowadays it can be short—perhaps even a lean business plan —but banks still want that standard summary of company, product, market, team, and financials. See Also Introducing Lean Planning: How to Plan Less and Grow Faster. All of your business’s financial details. Complete details on Accounts Receivable.