Startup Professionals Musings

SEPTEMBER 22, 2023

Companies with great service routinely spend 3% to 5% of salaries training team members – experienced as well as new. How they see you deal with and talk about peers, partners, team members, and customers tells them what the real rules of conduct are for customer service. Train and coach continuously. Set the tone and lead the way.

Technical Review 249

Technical Review Salary Metrics Matching 249

The Startup Magazine

DECEMBER 21, 2022

After all, nonprofits have operational expenses such as rent, energy bills, and salaries. If nonprofits want to attract top executives, then they must also pay competitive salaries and need the nonprofit fundraising to support it. These influencers are more likely to partner with your nonprofit if they believe in your cause.

Social Media 147

Social Media Government Salary Software Review 147

YoungUpstarts

DECEMBER 24, 2020

Remember that investors will not appreciate a business plan that features exorbitant salaries of the founders. In 2006, Rustam Gilfanov, together with his partners, opened an international outsourcing IT company in Kyiv. The first year will be as true to life as possible. A few years ago, Mr.

Business Plan 263

Business Plan Ukraine Cofounder Startup 263

Startup Professionals Musings

MAY 22, 2020

Calculate employee stock option values and vesting times, as well as salary. These questions are the key ones in every due diligence effort, always done by accredited investors, but almost never done by key employees and new partners. Look for examples of similar companies and revenue multiples achieved from acquirers.

Technical Review 436

Technical Review Due Diligence Sweat Equity Burn Rate 436

Startup Professionals Musings

JANUARY 8, 2021

Companies with great service routinely spend 3% to 5% of salaries training team members – experienced as well as new. How they see you deal with and talk about peers, partners, team members, and customers tells them what the real rules of conduct are for customer service. Train and coach continuously. Set the tone and lead the way.

Technical Review 385

Technical Review Salary Metrics Matching 385

Startup Professionals Musings

FEBRUARY 18, 2023

Calculate employee stock option values and vesting times, as well as salary. These questions are the key ones in every due diligence effort, always done by accredited investors, but almost never done by key employees and new partners. Look for examples of similar companies and revenue multiples achieved from acquirers.

Sweat Equity 207

Sweat Equity Burn Rate Technical Review Intellectual Property 207

Berkonomics

OCTOBER 5, 2023

Fixed overhead for salaries, rent, equipment leases and more make up the majority of the “burn rate” (monthly expenses) for most companies. And we were able to secure that investment along with a partner from that firm joining our board. We’ll get to my heartbreak in a minute.

Silicon Valley 118

Silicon Valley Burn Rate Angel Investor Down Round 118

The Startup Magazine

DECEMBER 5, 2022

Hiring an expert from, say, Ukraine or another offshore development center may significantly lower the cost of paying programmers’ salaries, as well as totally eliminate the expense of equipment purchases and utility costs, whether the customer is based in the US, EU, UK, or Australia. Issues with Offshore Development.

Offshore 140

Offshore Software Developers Software Development Software 140

Board Effect

DECEMBER 29, 2021

Salary Increases in Nonprofits . In the spirit of pay equity, salary increases can’t be arbitrary or inconsistent. . Nonprofit Salary Transparency . On one front, a new campaign with the slogan “#ShowTheSalary ” seeks to promote pay equity by encouraging employers to list salaries along with job listings.

Equity 105

Equity Salary Software Review Iowa 105

The Startup Magazine

MAY 31, 2022

Outsourcing talent acquisition efforts to external service providers like SOURCEitHR Payroll & HR Outsourcing Partner In UAE makes sense because executing all of these processes in-house can divert attention away from your key expertise. An HR manager’s starting salary in the United States is roughly $90,000 plus benefits.

United States 137

United States Salary UAE Hiring 137

Occam's Razor

DECEMBER 3, 2008

My goal is to climb the ranks and increase my salary." I am getting to how you can increase your salary part. Each unique in its job, salary and future prospects. If you want to do that find a partner. I feel like am an Analytics God. What would be your advice for me in terms of next steps for my career?

Technical Review 115

Technical Review Analytics Salary Fractional CTO 115

Steve Blank

APRIL 16, 2020

What I suggested was, that the economic disruption caused by the virus and the recession that will follow is one of those rare opportunities to consider a change, one that could make your own life more meaningful, allow you to make an impact, and gain more than just a salary from your work. A Healthy Dose – Bessemer Partners Podcast.

Software Review 434

Software Review Technical Review eCommerce Salary 434

Startup Professionals Musings

SEPTEMBER 10, 2018

Giving a co-founder a salary won’t get you the “fire in the belly” you want. The next default of waiting until later is equally bad, since partners who bow out early will still expect an equal share of that first billion you make later. So the first question I usually get is what percent of the company or equity is that person worth?

Equity 238

Equity Cofounder Technical Cofounder Intellectual Property 238

The Startup Magazine

JANUARY 4, 2023

SHENIX™ offers financial education, financial services through its partners, career planning, and salary negotiation resources, all of which support Latinas/x life goals. TSM: What elements of your background inspired you to focus on financial education for Latinas? My own experience.

Founder 147

Founder Chicago Illinois Community 147

David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. Flexible VCs have created structures based on other company performance metrics than revenues, such as profits or founder salaries. Capacity Capital, Greater Colorado Venture Fund, Indie.VC, Reformation Partners, UP Fund, Versatile VC. Of the Inc.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Startup Professionals Musings

DECEMBER 4, 2022

For these, I recommend that they find a partner first who is willing and able to run a business. “If Most great founders lived on Ramen noodles, without taking a salary, for longer than they like to remember. Arbitrary rewards, like salary bonuses or vacation perks, seem to just get in the way of achieving really great results.

Entrepreneur 304

Entrepreneur Salary Partner Global 304

Both Sides of the Table

JANUARY 5, 2010

He and his partner told me about this new idea over the course of nearly a year. Partners in VC funds only wanted to fund entrepreneurs who had a certain percentage of their net worth tied up in their venture. It’s lost salary for a period of time. I run the recruiting process for my VC firm, GRP Partners.

Entrepreneur 293

Entrepreneur CTO Hire South America Salary 293

Startup Professionals Musings

APRIL 7, 2023

Those who respond with one of the wrong answers, such as “I want to pay myself a salary,” usually go home empty-handed. Funding for founder salaries at this stage is a red flag. You may pay salaries to your team, but your salary should come from earnings, when they occur.

Elevator Pitch 228

Elevator Pitch Salary Angel Investor Viral 228

Up and Running

AUGUST 19, 2014

You might have held off paying yourself while launching your startup, but is it time to give yourself a salary? Here are seven things to consider in order to determine if now is the right time to pay yourself a salary. Once you generate the financial support of investors, it may be time to reward yourself with a salary.

Salary 119

Salary Sweat Equity Silicon Valley Sales Cycle 119

Startup Professionals Musings

AUGUST 4, 2014

Giving a co-founder a salary won’t get you the “fire in the belly” you want. The next default of waiting until later is equally bad, since partners who bow out early will still expect an equal share of that first billion you make later. The first question I usually get is what percent of the company or equity is that person worth?

Cofounder 261

Cofounder Stock Founder Technical Cofounder 261

SoCal CTO

FEBRUARY 22, 2011

Todd Gitlin of Safire Partners was nice enough to compile some data on CTO Equity and Compensation at Venture Backed Companies for the LA CTO Forum and present last year. It is interesting to see the salaries of CTOs of pre-Revenue even pre-Launch companies. He agreed to make this data public which is awesome.

CTO Hire 273

CTO Hire Equity Southern California France 273

Startup Professionals Musings

FEBRUARY 15, 2023

Most successful entrepreneurs take only a very minimum salary during the formative business years and reinvest all profits back into the business for organic growth. Use your equity for key executives and business partners. Keep expenses down, but keep customer visibility and sensitivity as a top priority.

Equity 349

Equity Hockey Stick Bootstrapping Sweat Equity 349

Startup Professionals Musings

JUNE 11, 2012

Even if you are not in that category, I recommend the following guidelines, summarized from real experiences of Babak Nivi on Venture Hacks a few years ago: Team with a partner. At some point, you’ll hit a motivation wall, but if you have a partner who is depending on you, you will find a way past that. Marty Zwilling.

Entrepreneur 239

Entrepreneur Cofounder Angel Investor Partner 239

Startup Professionals Musings

JULY 12, 2020

Those who respond with one of the wrong answers, such as “I want to pay myself a salary,” usually go home empty-handed. Funding for founder salaries at this stage is a red flag. You may pay salaries to your team, but your salary should come from earnings, when they occur.

Elevator Pitch 336

Elevator Pitch Salary Angel Investor Viral 336

The Equity Kicker

SEPTEMBER 24, 2014

We see this all the time at Forward Partners where we invest right from the idea stage and most of the companies get a first version of their product live for less than £30k (that generally includes founder salaries and time spent doing customer research). Forward Partners and Crowdcube are both attacking elements of these problems.

Early Stage 119

Early Stage Development Team Review Technical Review Software Review 119

Both Sides of the Table

NOVEMBER 29, 2014

I quit a very well paid job at Accenture with very little time remaining before making partner and took a risk of having no job security at all. We had raised a $2 million seed round, which meant taking almost no salary so we could afford to hire staff. So even after raising a $16 million A-round I still paid myself a paltry salary.

Founder 409

Founder Salary Startup Early Stage 409

Startup Professionals Musings

MARCH 7, 2020

For these, I recommend that they find a partner first who is willing and able to run a business. “If Most great founders lived on Ramen noodles, without taking a salary, for longer than they like to remember. Arbitrary rewards, like salary bonuses or vacation perks, seem to just get in the way of achieving really great results.

Salary 317

Salary Partner Entrepreneur Global 317

Startup Professionals Musings

MARCH 22, 2023

I have personally worked as an employee of large businesses, as well as a partner in new ventures, and found the latter to have more potential for satisfaction. Rather than a focus on salary and perks, your focus is on customers, revenue, and operations. Your personal goal is to succeed in business.

Metrics 279

Metrics Startup Agile Salary 279

Startup Professionals Musings

AUGUST 24, 2016

Giving a co-founder a salary won’t get you the “fire in the belly” you want. The next default of waiting until later is equally bad, since partners who bow out early will still expect an equal share of that first billion you make later. So the first question I usually get is what percent of the company or equity is that person worth?

Equity 120

Equity Cofounder Technical Cofounder Intellectual Property 120

Hearpreneur

JUNE 9, 2023

We are doubling down on our commitment to partner with a diverse range of facilities across North America, including small, family-owned businesses that need the support. This strategy is aimed at providing our customers with a variety of options that can accommodate different budget ranges and preferences.

Entrepreneur 117

Entrepreneur North America Employee Retention 117

David Teten

APRIL 1, 2021

Dan Kozikowski, Partner and Head of Platform, First Mark Capital , said to me, “Firms should match services to the stage-specific needs of companies. Relationships with Venture Partners, Entrepreneurs in Residence , and other non-salaried personnel who can help your companies. AskAnything.VC Advantages. Disadvantages.

Private Equity 78

Private Equity Venture Capital Portfolio Equity 78

Startup Professionals Musings

MARCH 16, 2016

Startup founders typically invest some real dollars into their new startup as well as months or years of their time with no salary. This unpaid work component is sized in dollars, added to any funds contributed, to represent the total contribution of a founding partner and converted to an equity ownership percentage in a new startup.

Software Review 120

Software Review Sweat Equity Accredited Investor Angel Investor 120

Startup Professionals Musings

JUNE 26, 2022

Competition over salary, promotions, and position. Sometimes friends share too many details on salary levels, work habits, and promotion expectations. Work relationships are in vogue, inside a company for collaboration and teamwork, and outside to customers and partners through social media for loyalty and interactive marketing.

Salary 298

Salary Angel Investor Social Media Demand 298

ReadWriteStart

DECEMBER 13, 2022

If you’re considering outsourcing your e-commerce business, it’s essential to do your research and choose a reputable partner that will be able to meet your needs. This includes things like rent, utilities, and employee salaries. How to Find a Reliable and Trustworthy Outsourcing Partner. You Can Save Time.

eCommerce 184

eCommerce Reputation Salary Operations 184

Startup Professionals Musings

MAY 18, 2020

Most successful entrepreneurs take only a very minimum salary during the formative business years and reinvest all profits back into the business for organic growth. Use your equity for key executives and business partners. Keep expenses down, but keep customer visibility and sensitivity as a top priority.

Hockey Stick 423

Hockey Stick Bootstrapping Sweat Equity Intellectual Property 423

The Next Web

NOVEMBER 20, 2013

George Deeb is the Managing Partner at Chicago-based Red Rocket Ventures , a startup consulting and financial advisory firm based in Chicago. Is this person taking a salary or not? People that are not taking a salary, should also get a premium stake. You can follow George on Twitter at @georgedeeb and @RedRocketVC.

Cofounder 136

Cofounder Equity Founder Seed Stage 136

YoungUpstarts

MAY 22, 2016

If you are developing your startup with a partner or co-founder, failing to create a detailed business partnership can cause serious legal ramifications later. These include; The percentage of the company owned by each partner. Salary entitlements. Failing to create a clear and detailed business partnership.

Intellectual Property 109

Intellectual Property Startup Cofounder Technical Review 109