Startup Professionals Musings

APRIL 10, 2016

If the company has been around for more than a couple of years, and still has no product or revenue flow, there better be a good explanation. Every startup should have at least a couple of outside advisors who are not major investors or family members, anxious to talk to new investors and key new hires.

Sweat Equity 120

Sweat Equity Burn Rate Technical Review Intellectual Property 120

SoCal CTO

NOVEMBER 1, 2010

The very last email I got from him told me the following: Thank you for your time Tony, I understand everyone wants a huge salary, no risk and a cut of the profits. You should avoid spending your time here and instead focus on finding a way to generate revenue or to attract investors so that you can afford to hire someone.

Technical Cofounder 241

Technical Cofounder CTO Hire Equity Sweat Equity 241

Startup Professionals Musings

APRIL 8, 2015

If the company has been around for more than a couple of years, and still has no product or revenue flow, there better be a good explanation. Every startup should have at least a couple of outside advisors who are not major investors or family members, anxious to talk to new investors and key new hires.

Technical Review 120

Technical Review Due Diligence Sweat Equity Burn Rate 120

Steve Blank

MARCH 17, 2020

To answer the first question, take stock of your current gross burn rate i.e. how much cash are you spending each month. And how much are variable expenses (salaries, consultants, commission, travel, AWS/Azure charges, supplies, etc.?). Subtract your monthly gross burn rate from your monthly revenue to get your net burn rate.

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

A Smart Bear: Startups and Marketing for Geeks

DECEMBER 21, 2009

If you had zero revenue from now on, on what date would you run out of money? Second, you know the length of your fuse even in event of disaster (if you have revenue) or if you never manage to land a customer (if you're just starting out). It could be a new partner willing to work for stock. Cartoon by Andertoons.

Startup 315

Startup Revenue Cofounder Sales 315

Hearpreneur

JANUARY 19, 2022

Although our in-person services were put on hold, our eCommerce products, including virtual services tripled in revenue. We had to make the difficult decision to cut down on staff and this allowed us to hire workers at lower rates. Due to that, we decided to widen our client base to increase our revenue.

Entrepreneur 120

Entrepreneur Metrics Technical Review North America 120

Startup Professionals Musings

JANUARY 5, 2022

It's hard to hire good people because they already have a job. Ad revenue is still down as companies right-size marketing budgets. As a founder, you're buying stock with work. You'll be investing your time and energy into something with more potential upside in future. More available talent. Low cost infrastructure.

Startup 258

Startup Cofounder Salary Advertising 258

Board Effect

NOVEMBER 22, 2019

Alternatively, boards may appoint a lawyer to their advisory committee or hire one as needed. Every year, nonprofit organizations must file Form 990, Form 990-EZ or Form 990-N with the Internal Revenue Service (IRS). Gifts of stock are considered a donation of property. Setting Up a Corporate Compliance Plan.

Government 59

Government Software Review Stock Retention 59

Both Sides of the Table

JUNE 17, 2017

It was a stock option incentive related “expense” but I bet you didn’t know that because in an era where we only read the headlines — they must be a train wreck losing billions. If you don’t have a strong balance sheet and can’t hire more people that’s fine — but understand this may lead to slower growth. Two-f **g-billion!

Stock Options 227

Stock Options Startup Dilution Venture Capital 227

The Startup Magazine

JUNE 1, 2023

We’re hitting record revenue months, weeks, and margins. There are startups out there that are valued at a billion dollars, but because of employee salaries, assets, etc. Don’t be afraid to pivot The collapse of SVB spurred us to do a deep evaluation of how we’re generating revenue and value for customers.

Early Stage 115

Early Stage Los Angeles Silicon Valley Cofounder 115

Startup Professionals Musings

NOVEMBER 3, 2014

Most startup founders already do this, rather than take a salary, to improve their offering. Every outside hire increases your cost and risk. Hire experts, not help. All you need is a blog, Twitter, email, some business card stock, and a little creativity. If you do, there probably won''t ever be a long run!

Bootstrapping 278

Bootstrapping Startup Merger Salary 278

Startup Professionals Musings

MARCH 30, 2019

It's hard to hire good people because they already have a job. Ad revenue is still down as companies right-size marketing budgets. As a founder, you're buying stock with work. You'll be investing your time and energy into something with more potential upside in future. More available talent. Low cost infrastructure.

Cofounder 200

Cofounder Washington Salary Advertising 200

Austin Startup

MAY 8, 2018

Background reading: Founder Compensation: Cash, Equity, Liquidity Fatal Errors in Early Startup Hiring Early Hires: Options or Stock Given how deeply involved we are with early-stage startups hiring their first key employees, I figured it would be helpful to outline a few key principles to help entrepreneurs navigate the topic.

Employee 48

Employee Seed Stage Startup Equity 48

A Smart Bear: Startups and Marketing for Geeks

FEBRUARY 21, 2011

The question is further complicated when the new hire is getting a salary. Typically the salary is less than market with the balance given in the form of equity, but again how do you compute that when the stock is, today, of no value? Here’s a simple framework for how to come up with those numbers.

Equity 276

Equity Salary Hiring Institutional Investors 276

Up and Running

AUGUST 30, 2017

What criteria will you use in hiring staff? Like it or not, this will likely affect your revenue and enrollment, especially if you are offering part-time care. List an advisory board if you have one, list all employee salaries, incentives, referral bonuses for recruiting, and all such details. What’s your curriculum based on?

Business Plan 93

Business Plan SBA Software Review Advisory Board 93

Berkonomics

OCTOBER 21, 2021

Should be overwhelm prospective employees with stock options and perks? Well, here are rules to make money work for you in recruiting AND to better control its use after you’ve hired your candidate(s). And there are some industries where tools such as stock options are considered mandatory for a company to be competitive.

Employee 62

Employee Stock Options Salary Stock 62

Steve Blank

OCTOBER 24, 2017

— Unremarked and unheralded, the balance of power between startup CEOs and their investors has radically changed: IPOs/M&A without a profit (or at times revenue) have become the norm. Typically, this caliber of bankers wouldn’t talk to you unless your company had five profitable quarters of increasing revenue.

Founder 274

Founder Technical Review CTO Hire IPO 274

Startup Professionals Musings

APRIL 23, 2013

Most startup founders already do this, rather than take a salary, to improve their offering. Every outside hire increases your cost and risk. Hire experts, not help. All you need is a blog, Twitter, email, some business card stock, and a little creativity. If you do, there probably won''t ever be a long run!

Equity 241

Equity Bootstrapping Startup Merger 241

Steve Blank

MAY 20, 2010

It was the Internet bubble and after almost three years our startup had found a business model and we were scaling revenue and headcount fast. However, the new CEO was as hungry to join a hot Internet startup and work with legendary VC and not miss the bubble, as we were in hiring him. We thought he’d be worth it. Never Forget.

Founder 280

Founder Cofounder Salary Naming 280

www.avc.com

SEPTEMBER 22, 2011

The most common comment in this long and complicated MBA Mondays series on Employee Equity is the question of how much equity should you grant when you make a hire. For your first key hires, three, five, maybe as much as ten, you will probably not be able to use any kind of formula. First, a caveat. Director Level: 0.25x.

Equity 64

Equity Employee CTO Hire Fractional CTO 64

crowdSPRING Blog

FEBRUARY 28, 2019

But you might want to get an EIN anyway to keep your personal and business taxes separate and to be sure that you can quickly hire when the time comes to expand your business. That means you need to prepare for the ups and downs of inconsistent revenue. salaries or wages for any employees. any license or permit fees.

Business Plan 64

Business Plan Small Business Administration Hiring Social Media 64

Gust

OCTOBER 26, 2014

Most startup founders already do this, rather than take a salary, to improve their offering. Every outside hire increases your cost and risk. Hire experts, not help. All you need is a blog, Twitter, email, some business card stock, and a little creativity. If you do, there probably won’t ever be a long run!

Bootstrapping 176

Bootstrapping Startup Merger Salary 176

ConversionXL

MAY 27, 2022

And they put a lot of stock in them. The responsibilities from this DGM role at SaaS company Datto show how embedded demand gen managers are in marketing: • “Build strong, integrated marketing programs using a mix of content marketing, digital marketing, email marketing, and webinars to drive new business opportunities and revenue.

Demand 95

Demand Management B2B Campaign 95

Startup Professionals Musings

APRIL 16, 2013

It''s hard to hire good people because they already have a job. Ad revenue is down as companies down-size marketing budgets. As a founder, you''re buying stock with work. You''ll be investing your time and energy into something with more potential upside in future. More available talent. Low cost infrastructure.

Cofounder 248

Cofounder Salary Advertising Social Network 248

Startup Professionals Musings

MARCH 4, 2017

It's hard to hire good people because they already have a job. Ad revenue is still down as companies right-size marketing budgets. As a founder, you're buying stock with work. You'll be investing your time and energy into something with more potential upside in future. More available talent. Low cost infrastructure.

Startup 120

Startup Cofounder Salary Advertising 120

Austin Startup

AUGUST 20, 2017

Hiring is a chapter unto itself, but it deserves to lead off any discussion of context. Compensation decisions obviously affect hiring and retention. They’re looking to be paid properly in the context of the overall salary structure, including cash, benefits, and equity, and to be paid commensurate with performance.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Startup Professionals Musings

SEPTEMBER 26, 2010

Most startup founders already do this, rather than take a salary, to improve their offering. Every outside hire increases your cost and risk. Hire experts, not help. All you need is a blog, Twitter, email, some business card stock, and a little creativity. If you do, there probably won't ever be a long run!

Bootstrapping 240

Bootstrapping Merger Salary .Net 240

Startup Professionals Musings

DECEMBER 12, 2010

It's hard to hire good people because they already have a job. Ad revenue is down as companies down-size marketing budgets. As a founder, you're buying stock with work. You'll be investing your time and energy into something with more potential upside in future. More available talent. Low cost infrastructure. Make them an offer.

Startup 234

Startup Cofounder Salary Social Network 234

Both Sides of the Table

SEPTEMBER 28, 2013

You scraped together enough for an angel round but not enough to pay yourself a real salary. So the tech team departed en masse to find the next great stock option scheme to make their big bucks. Sure, our revenue is growing, but is that enough to raise an internal round? But we departed on good terms. Are you kidding me?

Startup 417

Startup Dilution San Diego Stock Options 417

Hippoland

DECEMBER 18, 2016

Dear elizy : What’s reasonable for a founder salary? For example: I’ve got 13 years of professional experience, an MBA and I have run several of my own businesses. -Salary Concerns in LA Dear Salary Concerns: Hmm…lots of thoughts here… 1) Your MBA doesn’t matter here Sorry. I certainly did.)

Las Vegas 48

Las Vegas Salary Burn Rate San Francisco 48

Berkonomics

APRIL 4, 2024

Compensation’s charter is to approve stock option grants for any employee, no matter how small the grant, and all salary and benefits for at least the CEO if not the next level down, to avoid conflict of interest with the CEO. Yet another personal story… Let me tell you the story of a company on whose board I sat for several years.

Covenant 48

Covenant Software Review Stock Options Vesting 48

A Smart Bear: Startups and Marketing for Geeks

NOVEMBER 7, 2017

The company landed one big customer representing 80% of total revenue, but that customer canceled. A suitable replacement is too rare; it takes too long to find someone, convince them to join for almost no salary, and get them up-to-speed and productive. Which means they have to stock large amounts of gasoline.

Software Review 294

Software Review Channel Revenue Non-Compete 294

This is going to be BIG.

OCTOBER 29, 2015

With outsized player salaries these days, you'd be hard pressed to convince a player to cheat when actually winning gives them the opportunity to make tens of millions of dollars per year--not to mention the risk of getting completely banned from the game. You remember tax revenue, right states?

Government 60

Government Nevada Caching Stealth 60

www.mint.com

MARCH 9, 2010

Go there now » Sign up or log in to mint.com Updates Drop Your Debt to Win 2 comments How To The Top 5 Customer Complaint Letters — And What You Can Learn From Them 5 comments Investing In Graphics: What Is a Stock? These days revenue is the best source of capital. 2 comments Mint Life Know your money. Live your life.

Software Review 68

Software Review Startup Post-Money Valuation Technical Review 68

searchengineland.com

MAY 30, 2012

That would be liking hiring a jockey without seeing him ride or a heart surgeon based on her MCAT scores. The result – I’ve hired some of the best co-workers imaginable. Depending on which side of the desk you are on, what follows is either a “how to nail a search interview” or “how to hire awesome search talent.”

SEO 54

SEO SEM Social Media Search 54

Both Sides of the Table

APRIL 27, 2010

My original post was directed at hiring managers. It said that I didn’t believe it was a good idea to hire job hoppers. My view still stands – for many hiring managers a large factor in looking through resumes of somebody who is 30+ and has never worked somewhere for more than 18 months will be the job hopping element.

Venture Capital 285

Venture Capital Hiring Software Review Stock Options 285

Up and Running

JULY 22, 2014

It’s a table that lists all of your revenue streams and all of your expenses—typically for a three-month period—and lists at the very bottom the total amount of net profit or loss. A typical profit and loss statement should include: your revenue (also called sales), followed by. how you make money.

Balance Sheet 148

Balance Sheet Forecast Equity .Net 148