Startup Professionals Musings

NOVEMBER 13, 2012

Even in these cases, all other options should be explored first: Sales are strong – too strong. Investors are not interested in covering overhead, unless they are convinced that you have already put all your “skin in the game” (not just sweat equity), and have real contributions from friends and family.

Sweat Equity 239

Sweat Equity Technical Review Bootstrapping Equity 239

Startup Professionals Musings

JANUARY 14, 2022

You really need a partner who is complementary, and can tackle the operational roles, like marketing, finance, and sales. I’ll put in the money, if you put in the sweat equity.” and the answer better not be ambiguous. “We We are so alike, we finish each other’s sentences.” Most startups can’t afford that.

Partner 351

Partner Cofounder Sweat Equity Startup 351

Startup Professionals Musings

SEPTEMBER 22, 2011

Even in these cases, all other options should be explored first: Sales are strong – too strong. Investors are not interested in covering overhead, unless they are convinced that you have already put all your “skin in the game” (not just sweat equity), and have real contributions from friends and family.

Sweat Equity 255

Sweat Equity Technical Review Entrepreneur Bootstrapping 255

Gust

DECEMBER 15, 2013

Even in these cases, all other options should be explored first: Sales are strong – too strong. Investors are not interested in covering overhead, unless they are convinced that you have already put all your “skin in the game” (not just sweat equity), and have real contributions from friends and family.

Bootstrapping 183

Bootstrapping Sweat Equity Entrepreneur Technical Review 183

YoungUpstarts

SEPTEMBER 23, 2017

In this manner, you’ll be sharing the workload and dividing up the sweat equity, which comes with bootstrapping, whilst maintaining better control over your strategic direction. Investing more money in stage one won’t really help, as spending twice as much on sales won’t produce twice the sales.

Cofounder 124

Cofounder Sweat Equity Equity Dilution 124

socialmatchbox.com

OCTOBER 23, 2010

These days sales, marketing and PR people seem to grow on trees. Another option is sweat equity. It is important to realize that most people who are willing to work for sweat equity are not a) the best, b) in demand, and c) going to put their heart and soul into your project.

Part-Time VPE 41

Part-Time VPE Sweat Equity DC Washington 41

Both Sides of the Table

APRIL 19, 2011

o Everything is for sale but it’s the price that moves the timing. If you need money to even hire a developer [means you cannot even excite one person to put in some sweat equity – not a good sign about your ability to motivate people.]. He told them it was now or never. o Put a timeframe/money – competition in the picture.

Acquisition 304

Acquisition Warrant Customer Term Sheet 304

The Startup Magazine

JANUARY 10, 2023

There are many parallels between coaching and building and running a company, namely around storytelling, recruiting, and sales.”. Lemon Perfect’s success comes at a price: Hufnagel and his employees are willing to pay with sweat equity. “I’m recruiting dynamic talent every day,” he says. It works. “We That drives me.”.

Hiring 133

Hiring Founder Sweat Equity Cofounder 133

Startup Professionals Musings

APRIL 10, 2019

You really need a partner who is complementary, and can tackle the operational roles, like marketing, finance, and sales. I’ll put in the money, if you put in the sweat equity.” and the answer better not be ambiguous. “We We are so alike, we finish each other’s sentences.” Most startups can’t afford that.

Partner 177

Partner Sweat Equity Cofounder Equity 177

discuss.joelonsoftware.com

NOVEMBER 1, 2010

where I can learn about how to build a sweat equity team? Rather, it is a proposal for sweat-equity investors. Andrew Badera Thursday, October 09, 2008 Deleting … Approving … I quite agree, Andrew, that the equity partners need to have a hand in guiding the enterprise. The key here is motivation.

Sweat Equity 40

Sweat Equity Equity Angel Investor Affiliate 40

Startup Professionals Musings

APRIL 8, 2017

You really need a partner who is complementary, and can tackle the operational roles, like marketing, finance, and sales. I’ll put in the money, if you put in the sweat equity.” and the answer better not be ambiguous. “We We are so alike, we finish each other’s sentences.” Most startups can’t afford that.

Partner 149

Partner Cofounder Sweat Equity Startup 149

Startup Professionals Musings

DECEMBER 12, 2013

You really need a partner who is complementary, and can tackle the operational roles, like marketing, finance, and sales. I’ll put in the money, if you put in the sweat equity.” and the answer better not be ambiguous. “We We are so alike, we finish each other’s sentences.” Most startups can’t afford that.

Cofounder 240

Cofounder Founder Sweat Equity Startup 240

Startup Professionals Musings

FEBRUARY 13, 2016

What are your specific marketing and sales plans? You need to identify pricing details, sales channels, strategic partners and a customized marketing plan consistent with your industry and target segment. Quantify founder investments, both cash and sweat-equity. What are your forecasts for revenue, expenses and cash flow?

Sweat Equity 120

Sweat Equity Advisory Board Liquidity Event Startup 120

Startup Professionals Musings

NOVEMBER 8, 2012

You really need a partner who is complementary, and can tackle the operational roles, like marketing, finance, and sales. I’ll put in the money, if you put in the sweat equity.” and the answer better not be ambiguous. “We We are so alike, we finish each other’s sentences.” Most startups can’t afford that.

Cofounder 244

Cofounder Founder Sweat Equity Partner 244

Startup Professionals Musings

AUGUST 13, 2012

Marketing, sales, and partners. Describe your market penetration strategy, sales channels, pricing, and strategic partnerships. Convince investors that you have lined up sales channels, strategic partners, and a viable marketing strategy. Competing with IBM, Microsoft, and other large companies should never be minimized.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Up and Running

DECEMBER 23, 2019

Sweat Equity. “I The Garage Sale Approach. The garage sale approach is a simple, fiscally safe and effective approach to bootstrapping a services-based business. In the early stages of your business, you don’t need to generate large amounts of sales. 0% APR Credit Cards. “I

Finance 92

Finance Sweat Equity Bootstrapping Entrepreneur 92

Startup Professionals Musings

SEPTEMBER 3, 2011

You really need a partner who is complementary, and can tackle the operational roles, like marketing, finance, and sales. I’ll put in the money, if you put in the sweat equity.” and the answer better not be ambiguous. “We We are so alike, we finish each other’s sentences.” Most startups can’t afford that.

Cofounder 239

Cofounder Founder Sweat Equity Startup 239

Startup Professionals Musings

MAY 13, 2011

Marketing, sales, and partners. Describe your market penetration strategy, sales channels, pricing, and strategic partnerships. Convince investors that you have lined up sales channels, strategic partners, and a viable marketing strategy. Competing with IBM, Microsoft, and other large companies should never be minimized.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Up and Running

FEBRUARY 12, 2019

Investors want to hear about your first customers, other investments put into the company (including your own sweat equity), key media placement, signed letters of intent (LOI) to purchase/partner, product and customer milestones , key hires, and so on. Share what your assumptions are about your business model.

Sweat Equity 122

Sweat Equity Churn Rate Elevator Pitch Forecast 122

YoungUpstarts

APRIL 12, 2016

You will also need an advertising budget and sales/marketing professionals who can make that happen. In the early stages of business, sweat equity can often be a good substitute for cash. For instance, let us assume that you want to launch an Uber-like on-demand app for commercial trucks. That seems like a lot of capital.

Cofounder 100

Cofounder Sweat Equity Startup Seed Capital 100

A Smart Bear: Startups and Marketing for Geeks

MARCH 5, 2010

I have a ready excuse for squeezing in a little “sweat equity” — I need to get in shape to know my customers’ issues. Or inch up to a hundred pushups while prepping for a sales call. But take this too far and your productivity drops off the cliff. As founder of a run/bike app startup, I can write off my workouts.

Sweat Equity 208

Sweat Equity Startup Viral Equity 208

Startup Professionals Musings

AUGUST 4, 2010

You really need a partner who is complementary, and can tackle the operational roles, like marketing, finance, and sales. I’ll put in the money, if you put in the sweat equity.” and the answer better not be ambiguous. “We We are so alike, we finish each other’s sentences.” Most startups can’t afford that.

Cofounder 207

Cofounder Founder Sweat Equity Startup 207

Gust

AUGUST 5, 2012

Marketing, sales, and partners. Describe your market penetration strategy, sales channels, pricing, and strategic partnerships. Convince investors that you have lined up sales channels, strategic partners, and a viable marketing strategy. Competing with IBM, Microsoft, and other large companies should never be minimized.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

Austin Startup

SEPTEMBER 19, 2017

A strong advisor can walk you in the door to the same number of companies as 2–3 new sales hires. I think of this as an early test of the founding team’s sales ability. All of these are challenging sales tasks, and advisors are no different. Never discount the power of a warm intro. There isn’t a simple trick to get it done.

Advisory Board 48

Advisory Board Sweat Equity Marketing Vertical 48

Startup Professionals Musings

JUNE 2, 2011

If you spend $50K on a website selling party supplies but you soon realize it's the sales of catering supplies you offer that have taken off, you will want to have a site that promotes your newfound focus. Businesses can be built on sweat equity.

Sweat Equity 231

Sweat Equity Startup Angel Investor Seed Money 231

Startup Professionals Musings

APRIL 22, 2010

Marketing, sales, and partners. Describe your market penetration strategy, sales channels, pricing, and strategic partnerships. Convince investors that you have lined up sales channels, strategic partners, and a viable marketing strategy. Competing with IBM, Microsoft, and other large companies should never be minimized.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

Up and Running

JANUARY 24, 2014

Investors want to hear about your first customers, other investments put into the company (including your own sweat equity), key media placement, signed letters of intent (LOI) to purchase/partner, product and customer milestones, key hires, etc. Share what your assumptions are about your business model. 0.22% average conversion rate.

Sweat Equity 138

Sweat Equity Churn Rate Forecast Business Model 138

Up and Running

AUGUST 19, 2014

Though that level of restraint may mean living quite “lean” in your personal life for a while, doing so provides an opportunity to establish solid footing for your business as early as possible, so that you have at least one year to learn from the trends and sales cycles that will emerge once you’re past “break even.”

Salary 119

Salary Sweat Equity Silicon Valley Sales Cycle 119

ReadWriteStart

SEPTEMBER 18, 2012

The level of complexity for tech roles is highly valued today; the subtle skills of sales and marketing not as highly. Don’t worry about defining equity until you understand what each co-founder does. It could be money, sweat equity, connections or industry experience. But there needs to be mutual appreciation.

Cofounder 150

Cofounder Founder St. Louis Sweat Equity 150

Scott Edward Walker

JUNE 23, 2011

As I discussed in my recent post “ How To Hire a Superstar Engineer for Your Startup ,” startups may not give employees “sweat equity” in lieu of any ongoing cash payment/salary; nor may startups defer wages and other compensation. And simply calling a worker a “consultant” or “independent contractor” in an agreement is irrelevant.

Accredited Investor 82

Accredited Investor Sweat Equity Los Angeles Finder 82

ReadWriteStart

SEPTEMBER 18, 2012

The level of complexity for tech roles is highly valued today; the subtle skills of sales and marketing not as highly. Don’t worry about defining equity until you understand what each co-founder does. It could be money, sweat equity, connections or industry experience. But there needs to be mutual appreciation.

Cofounder 110

Cofounder Founder St. Louis Sweat Equity 110

Growthink Blog

MAY 23, 2011

An entrepreneur starts a company in classic " bootstrap " fashion - with a combination of sweat equity and their own financial resources. With this capital, the company propels itself to $50 million+ in revenues, and to either a sale to a strategic acquirer or to an initial public offering.

Angel Investor 112

Angel Investor Venture Capital Sweat Equity Cram Down 112

ConversionXL

NOVEMBER 6, 2019

He searched and pitched planners who worked at companies with 500+ people and closed $200k himself before he made his first sales hire. Justcall is a cloud phone system that sales teams can use to make calls using local numbers. million in revenue, and, this year, the company is approaching $2 million in annual sales.

Sweat Equity 78

Sweat Equity Software Review Vesting Cofounder 78

Up and Running

JUNE 7, 2013

Jealous of the equity pie being split in three equal pieces, the other two decided to vote me out. Or as they put it, “you can stay, you just can’t keep your equity.” So I ended up investing a load of sweat equity into this venture, only to wind up high and dry with nothing. Without a salary, why would I do that?!

Partner 82

Partner Sweat Equity Cofounder Equity 82

grasshopperherder.com

SEPTEMBER 24, 2011

Piercing the Corporate Veil – Sweat Equity Consulting. But much like becoming a co-founder, getting paid sweat equity is essentially becoming an investor in the company. If you did, why would you be consulting for sweat equity instead of investing as a VC or for yourself? GrasshopperHerder.com.

Sweat Equity 41

Sweat Equity Equity Cofounder Non-Compete 41

Ben's Blog

JUNE 29, 2010

Years and years of research and sweat equity went into cracking the code, and the results are magical. Not many companies have their users turn into their sales force, and it’s definitely a good sign that this is happening around Foursquare. A gigantic market. At a macro level, over 4.6B people on the Internet.

Sweat Equity 78

Sweat Equity Portfolio New York Leadership 78

infochachkie.com

SEPTEMBER 24, 2011

If a consultant claims they can enhance your marketing efforts, pay them based on their direct impact on your incremental sales. Such positions include: PR, Sales, Product Development, Lead Generation, Strategic Planning, Fund Raising, etc. Sales (12). Passion Cannot be Outsourced. Pyramid Power. link] Luis Rivera. Interviews.

Equity 40

Equity Silicon Valley Cofounder Technical Review 40