Startup Professionals Musings

JUNE 17, 2011

Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. Don’t expect them to believe your $100M revenue projection, if you are still waiting for the first revenue dollar. Build qualified advisory board.

Intellectual Property 253

Intellectual Property Sweat Equity CTO Hire Fractional CTO 253

Startup Professionals Musings

MAY 22, 2010

Make sure your plan answers every relevant question that you could possibly imagine from your business partners, spouse, and potential investors. Don’t expect them to believe your $100M revenue projection, if you are still waiting for the first revenue dollar. Build qualified advisory board.

Intellectual Property 222

Intellectual Property Sweat Equity CTO Hire Fractional CTO 222

Startup Professionals Musings

OCTOBER 17, 2018

Unfortunately, your personal assessment that you have traction probably won’t be convincing to potential investors and partners, so it’s important that you create and track your progress against some metrics. Assemble a credible inside advisory board and partners. Demonstrate key customer prospect evidence of interest.

Advisory Board 199

Advisory Board Technical Review Metrics Business Model 199

Steve Blank

NOVEMBER 16, 2009

In it, I got asked a question I often hear: “What if we have a web-based business that doesn’t have revenue or paying customers? And without revenue how do we know if we achieved product/market fit to exit Customer Validation?” Bill and his partner Fred Wilson have invested in ~30 or so companies with 27 still active.

Customer Development 228

Customer Development Web Developer Customer 228

YoungUpstarts

AUGUST 5, 2015

We were not any different, we had corporate bylaws, which my partner and I both reviewed and signed. Our company was essentially going to be 50/50, but since my partner at the time was Indian, we decided that we would apply for HUB status as a business. Unfortunately, a formal advisory board was something we never fully formed.

CTO Hire 100

CTO Hire Fractional CTO Advisory Board Software Review 100

YoungUpstarts

JUNE 4, 2019

by Bruce Cleveland, Founding Partner at Wildcat Venture Partners and author of “ Traversing the Traction Gap “ As we continue our exploration of the Traction Gap Framework® – a step-by-step approach that startup teams can use to go from ideation to preparing to scale – I will walk you through the principles.

Framework 127

Framework Architecture Cleveland Early Stage 127

YoungUpstarts

MAY 24, 2019

by Bruce Cleveland, Founding Partner at Wildcat Venture Partners and author of “ Traversing the Traction Gap “ As we continue our exploration of the Traction Gap Framework® – a step-by-step approach that startup teams can use to go from ideation to preparing to scale – I will walk you through the principles.

Framework 113

Framework Architecture Cleveland Early Stage 113

VC Cafe

JULY 5, 2010

To learn more, VC Cafe interviewed Brian Rosenzweig, one of the managing partners in the new fund and the former marketing director at 21Ventures. Ultimately it is up to the Management Team, Advisory Board and Board of Directors to make the investment decisions, manage the capital investments and oversee portfolio company development.

Israel 106

Israel Technical Review Software Review Seed Stage 106

www.instigatorblog.com

MARCH 2, 2010

The Importance of Advisory Boards for Startup CEOs Tweet When a startup receives financing it will need to setup a Board of Directors. The Board probably existed beforehand, but was made up only of the founders. Mark Macleod spells it out beautifully in his post on Advisory Boards. Why wouldn’t you?

Advisory Board 40

Advisory Board Startup Cofounder Equity 40

The Startup Magazine

JANUARY 7, 2020

She is a strong STEM advocate and an active member of the advisory board for CompTIA ’s Advisory Council. She formed RUMBLE because the future is all about real-time data and its power to increase efficiencies and drive revenue.

Founder 122

Founder Technical Review Advisory Board Cofounder 122

David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Flexible VC 101: Equity Meets Revenue Share. His work on VC and small communities can be found at greatercolorado.vc/blog. Of the Inc. 5000 companies, only 6.5%

Cofounder 78

Cofounder Technical Review Equity Dividend 78

BeyondVC

JANUARY 3, 2019

We had another solid year filled with learning, growth, laughter, and new projects and partners. Thanks to all of the amazing founders, advisors, co-investors, corporate partners, and others that helped make 2018 an amazing year. The 10 year bull market where every company’s revenue chart is up and to the right is over.

Advisory Board 79

Advisory Board Stealth Cloud Virginia 79

BeyondVC

JANUARY 3, 2019

We had another solid year filled with learning, growth, laughter, and new projects and partners. Thanks to all of the amazing founders, advisors, co-investors, corporate partners, and others that helped make 2018 an amazing year. The 10 year bull market where every companys revenue chart is up and to the right is over.

Advisory Board 78

Advisory Board Stealth Cloud Virginia 78

David Teten

SEPTEMBER 5, 2014

I’ve written on the expert network industry a fair amount in the past: see How to Earn More Consulting Revenue from Expert Networks and How Executives Can Work with Private Equity and Venture Capital Portfolio Companies. We’re backed by Bessemer Venture Partners, Silver Lake Partners, and individual investors like Ron Conway, among others.

New York 114

New York Technical Review Networking Advisory Board 114

Hearpreneur

DECEMBER 12, 2021

We have a handful of trusted mentors we utilize sort of like an advisory board. In over six months, my mentor helped me develop a passive way of earning revenue by detecting the opportunity in the market. Photo Credit: Ryne Lambert. Mentors have played a vital role in our business in the last three and a half years.

Entrepreneur 127

Entrepreneur Technical Review Advisory Board Leadership 127

Up and Running

AUGUST 30, 2017

This description should basically be an elevator pitch for potential partners and business investors to get excited about what you’re offering and your unique location, philosophy, and approach. Like it or not, this will likely affect your revenue and enrollment, especially if you are offering part-time care. Business partnerships.

Business Plan 93

Business Plan SBA Software Review Advisory Board 93

Startup Professionals Musings

MAY 13, 2011

Clearly define the customer, channel, and revenue model associated with this solution. In this section, you need to be passionate about revenue, profit, and volume growth. Many people seem to use the social network advertising model for revenue, but forget it assumes at least 100M users and $50M investment. Exit strategy.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

betashop.com

OCTOBER 8, 2012

This past week while I was in Tokyo for meetings with potential partners for Fab, I was invited to participate in a panel discussion on startups. million registered users, 7500 supplier partners, 600 team members, and a run-rate of more than $150M in sales in just 15 months. Advisory boards never amount to much.

Technical Review 108

Technical Review Technology Software Review Valuation 108

Startup Professionals Musings

AUGUST 13, 2012

Clearly define the customer, channel, and revenue model associated with this solution. In this section, you need to be passionate about revenue, profit, and volume growth. Many people seem to use the social network advertising model for revenue, but forget it assumes at least 100M users and $50M investment. Exit strategy.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

ConversionXL

AUGUST 11, 2021

Next, look at any companies or suppliers you already partner with. It contains the story of your property, mission statement, sponsor benefits, demographics, marketing plan, goals, media opportunities, advisory board, and the sponsor fees.”. Are they a potential sponsor? Lean on your professional networks too. Source ).

Audience 139

Audience Social Media Email Ruby 139

Steve Blank

AUGUST 27, 2012

I offered that at Epiphany, my partner Ben’s office was the first place I would go when I thought I had new “insights.” He should make sure that there aren’t other parts of the business model (revenue model, pricing, partners, channel, etc.) Better, during that time brainstorm them with someone you trust.

Founder 323

Founder Cofounder Advisory Board Burn Rate 323

Startup Professionals Musings

NOVEMBER 20, 2011

In addition to being startup founders, there are several other key roles that I see Boomers taking more often these days to drive successful startups: Advisory Board. What you need is an experienced executive, who is willing to work for equity, and will happily step aside in a couple of years when your revenues exceed $20M.

Advisory Board 268

Advisory Board Angel Investor Entrepreneur Equity 268

Startup Professionals Musings

JANUARY 8, 2013

In addition to being startup founders, like Richard Branson , founder of more than 400 companies and still going strong, there are several other key roles that I see Boomers taking more often these days to drive successful startups: Advisory Board. Customer service. High-travel sales and buyer positions.

Advisory Board 247

Advisory Board Angel Investor Startup Equity 247

Small Business Force

SEPTEMBER 9, 2011

You have some actual customers, driving real revenue and maybe even have an employee or two. In fact, if you can, set up an advisory board of three or four folks, who you respect, who've been to the same dance you're at right now. Third, find partners. So you proved your concept. You've never done this before.

Early Stage 32

Early Stage Advisory Board Technical Review Web Development 32

Steve Blank

OCTOBER 8, 2024

They have no intention of giving up revenue, profits and jobs. (In Set up committees and advisory boards to “study” the problem. Lock-up critical resources , like materials, components, people, law firms, distribution channels, partners and make them unavailable to innovation groups/startups.

Government 296

Government Advisory Board Leadership Programming 296

Startup Professionals Musings

OCTOBER 26, 2010

Advisory Board. What you need is an experienced executive, who is willing to work for equity, and will happily step aside in a couple of years when your revenues exceed $20M. They have the maturity and sophistication to deal with your demanding executives and partners. Customer Service.

Advisory Board 189

Advisory Board Angel Investor Equity Salary 189

Steve Blank

JUNE 15, 2010

And some larger funds that specialize in later stage deals may have a partner or two who likes to invest at this stage. For a founder there’s nothing worse than searching for a business model day after day and then sitting in a board meeting with a VC who asks about some detail of year 5 of your revenue plan.

Founder 232

Founder Vesting Later Stage Early Stage 232

Startup Professionals Musings

APRIL 22, 2010

Clearly define the customer, channel, and revenue model associated with this solution. In this section, you need to be passionate about revenue, profit, and volume growth. Many people seem to use the social network advertising model for revenue, but forget it requires at least 100M users and $50M investment. Exit strategy.

Business Plan 186

Business Plan Exit Strategy Sweat Equity Intellectual Property 186

Gust

AUGUST 5, 2012

Clearly define the customer, channel, and revenue model associated with this solution. In this section, you need to be passionate about revenue, profit, and volume growth. Many people seem to use the social network advertising model for revenue, but forget it assumes at least 100M users and $50M investment. Exit strategy.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

Gust

DECEMBER 31, 2012

In addition to being startup founders, like Richard Branson , founder of more than 400 companies and still going strong, there are several other key roles that I see Boomers taking more often these days to drive successful startups: Advisory Board. Customer service. High-travel sales and buyer positions.

Advisory Board 177

Advisory Board Angel Investor Startup Equity 177

Startup Professionals Musings

JULY 28, 2017

As a new business advisor and angel investor, I have assembled my own favorite list of shortcuts to avoid, in the hope of saving you from learning these lessons the hard way: Be satisfied with verbal or handshake partner agreements. New business owners should be signing every check, and managing every expense.

Cost 180

Cost Advisory Board Entrepreneur Angel Investor 180

Austin Startup

OCTOBER 6, 2018

where I am now a Venture Partner?—?in First Round has been an incredible partner in our journey from startup to public company. investors, employees, clients, and partners. For example, we recently hired Ryan Cush as our Chief Revenue Officer and he has been a game-changer for us. in our Series A.

Founder 51

Founder Cofounder Software Review San Francisco 51

David Teten

NOVEMBER 17, 2011

It’s very powerful to have a model that you can email to everyone in the firm, because then everyone sees clearly that you’re communicating the exact same message to the whole team (including outside consultants and the advisory board, if any). Vinicius Vacanti and Jim Moran of Yipit had the same experience.

Employee 155

Employee IRR Startup Mexico 155

Small Business Force

SEPTEMBER 9, 2011

You have some actual customers, driving real revenue and maybe even have an employee or two. In fact, if you can, set up an advisory board of three or four folks, who you respect, who've been to the same dance you're at right now. Third, find partners. So you proved your concept. So let Yoda help.

Early Stage 20

Early Stage Advisory Board Technical Review Employee 20

crowdSPRING Blog

MARCH 14, 2019

If you plan to seek funding, you should describe your advisory board here, as well. Limited Liability Company (LLC) – a structure that permits owners, partners or shareholders to limit personal liability, but still includes tax and flexibility benefits associated with a partnership. Operating plan.

Business Plan 79

Business Plan Limited Liability Company Small Business Sales 79

BeyondVC

JANUARY 29, 2009

Who/Team – give me some context of who you are, your backgrounds, success/failures so I can get an idea of your ability to deliver and surround yourself with experienced talent, also include any board members or advisory board members that may be relevant (1 slide). What's the problem?   (1 slide).

Advisory Board 125

Advisory Board Startup Early Stage Social Network 125

crowdSPRING Blog

FEBRUARY 28, 2019

If you plan to seek funding, you should describe your advisory board here, as well. Limited Liability Company (LLC) – a structure that permits owners, partners or shareholders to limit personal liability, but still includes tax and flexibility benefits associated with a partnership. Operating plan. The Legal Stuff.

Business Plan 64

Business Plan Small Business Administration Social Media Hiring 64