Both Sides of the Table
DECEMBER 27, 2011
The most obvious way to explain this is with sales people. If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. Hiring more people isn’t always the right answer.
Both Sides of the Table
MARCH 25, 2016
Most of this advice boils down to an argument in favor of basic planning before starting a company or raising money. In many ways the fact that it has become so cheap to start a company and relatively cheap to raise angel/seed money that we as an industry have gotten lazy on basic planning. Incumbent Strengths & Weaknesses.
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Both Sides of the Table
JANUARY 5, 2010
They often make great team members such as head of products, CTO, head of sales, CFO, etc. VCs don’t have the same net worth litmus test and great entrepreneurs have a ton of sources for seed money to get financed very early. We weren’t ready to hire an associate yet so I offered him a summer internship.
YoungUpstarts
OCTOBER 28, 2015
Startups need to understand how to manage the seed money they receive from investors and VCs. Startups bear the costs of their financing, from the first seed investment to the sale of Series A stock. will collect taxes on sales in the U.S. ” The Cost of Financing. If high U.S. However, the U.S.
Both Sides of the Table
JUNE 17, 2017
The most obvious way to explain this is with sales people. If you hire 6 senior sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business 6 months. COGS” represents the amount that each sale costs you.
YoungUpstarts
APRIL 27, 2017
Hiring Staff. Hiring staff is a crucial stage in any startup’s success. You’ll need people who are marketing, tech, and sales geniuses. Hiring staff for a startup is different from hiring staff for an existing big business. Essentially you’ll need seed money, to begin with.
Both Sides of the Table
DECEMBER 9, 2013
If you’re a venture-backed tech company or even an early-stage business fueled by angel or seed money I assume you have a good group of board members or advisors who will give you time to be helpful and they want to be helpful. should we ramp up sales hires now or wait for more traction?
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