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10 Things I Hated About Your Business Pitch

Up and Running

Real businesses make profits like 7 percent, 9 percent, occasionally even low double-digit profits (stated as a percentage of sales). Rarely, some new innovative businesses will get to 20 percent profits to sales. Not just disruptive , but also game changing , market-leading , and viral , and pivot. Please, get a clue.

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10 Things I hated About Your Business Pitch

Up and Running

Not just disruptive , but market-leading , and viral , and pivot. Internal rates of return and net present value. I’ll judge your projections for realism and credibility, but that’s sales, costs, expenses, cash flow, and other basic numbers. Validate sales by bottoms-up assumptions. . Bluster.

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Cracking The Code: The Bessemer 10 laws of SaaS - Fall 2008.

Cracking the Code

Only after reaching $1M in CMRR should you consider hiring European sales and services execs behind customer demand. Be prepared to cross the desert - SaaS requires R&D and sales expense up front for a multi-year stream of revenue, so it demands enough investment capital to fund 4+ years of runway. Posted by Philippe Botteri.