Remove Customer Remove Finance Remove Liquidation Preference Remove Product
article thumbnail

Praying to the God of Valuation

Both Sides of the Table

Sure, we built SaaS products before the term even existed but at 31 it was hard to delineate reality from what all of the monied people around us were telling us what we were worth. In those years I learned to properly build product, price products, sell products and serve customers. Until we weren’t.

Valuation 466
article thumbnail

Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

Even when you do sign-up initial customers it’s still not clear that your company will be a success and you’re still likely paying yourself under market rates. But if you’re the Director or Product or VP of Marketing – you don’t get to make that decision. the standard 4-6% for a hired-gun CEO).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Should Entrepreneurs Attend Business School?

Up and Running

Between my experiences as a management consultant, as well as my product and marketing roles at multiple tech companies, I felt that I had enough operational experience to make that leap sooner than later. Additionally, I had already studied Economics and Finance during undergrad, making the academic part of an MBA seem a little redundant.

article thumbnail

Bootstrapping vs. Raising Money

Spencer Fry

It’s a great conference with about 150 attendees for the “Starter Edition” -- lots of online course creators, info product folks, SaaS people, and others. It wasn’t enough at the end of 2015 to have a working prototype and a handful of customers to somehow take over the market. I had a fabulous time at MicroConf last week.

article thumbnail

Startup Lessons: Board Management

Venture Chronicles

To recap, here is the series thus far: 1) Hiring 2) Dynamic Org Structures 3) Product First 4) Marketing. An example of this is having a board member say “well you should just charge more” without first considering the competitive dynamics of a market, or the product and customer perspective on value.

article thumbnail

Top 30 Startup Posts in June 2010

SoCal CTO

Pivoting - Chris Dixon , June 14, 2010 My Hunch cofounders and I frequently ask ourselves: “If we were to start over today, would we build our product the same way we had so far?&# Just because a product has a patent, deep complexity and an obvious competitive advantage does not mean that it can fly by itself into the market.

Cofounder 175
article thumbnail

Grubhub and Seamless: Effecting The Elusive Private-Private Merger

abovethecrowd.com

There are many synergies – different geographic strengths, different core customer bases, and different product strengths. There are common stock, common options, and as many as three to five different layers of preferred stock, each with a specific liquidation preference.

Merger 53