Startup Professionals Musings

AUGUST 31, 2012

Don’t expect them to believe your $100M revenue projection, if you are still waiting for the first revenue dollar. Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. Only real results count.

Intellectual Property 260

Intellectual Property Sweat Equity CTO Hire Fractional CTO 260

Startup Professionals Musings

JUNE 17, 2011

Don’t expect them to believe your $100M revenue projection, if you are still waiting for the first revenue dollar. Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. Only real results count.

Intellectual Property 253

Intellectual Property Sweat Equity CTO Hire Fractional CTO 253

YoungUpstarts

JULY 5, 2011

He later worked for eight years at the European Union commission helping to develop the cultural industry in Africa (cultural products being the main exports – and revenue – for poor African countries). Peer-To-Peer Referral Network. The African Boy Who Could.

Togo 222

Togo Africa Advisory Board Campaign 222

Startup Professionals Musings

MAY 22, 2010

Don’t expect them to believe your $100M revenue projection, if you are still waiting for the first revenue dollar. Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. Only real results count.

Intellectual Property 222

Intellectual Property Sweat Equity CTO Hire Fractional CTO 222

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?” They’re putting money into web services/business – most without early revenue. End of theory.&#

Customer Development 228

Customer Development Web Developer Customer 228

Startup Professionals Musings

OCTOBER 17, 2018

Assemble a credible inside advisory board and partners. If Elon Musk is an advisor to your transportation startup, that is major traction, even without a product or revenue. If you don’t have revenue, it definitely is valuable to have orders, letter of intents, value testimonials, or even calls returned and email responses.

Advisory Board 199

Advisory Board Technical Review Metrics Business Model 199

YoungUpstarts

AUGUST 5, 2015

Many startups don’t initially have the need or revenue to fill multiple “C level” positions. Our intention from day one was to have both an executive board and an advisory board. Unfortunately, a formal advisory board was something we never fully formed. Ensure value alignment by actions, not just words.

CTO Hire 100

CTO Hire Fractional CTO Advisory Board Software Review 100

YoungUpstarts

JUNE 4, 2019

At Wildcat, we recommend benchmarking your startup against the four core architectural pillars of the Traction Gap Framework: product , revenue , team and systems. Revenue Architecture. A comprehensive revenue architecture should be designed to enable a startup to generate and monetize awareness, engagement and usage.

Framework 127

Framework Architecture Cleveland Early Stage 127

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

VC Cafe

JULY 5, 2010

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. pre-revenue/no prototype/mobile app only, etc). Janvest: In 2009, roughly 450 Israeli high-tech companies raised a little over $1.0B.

Israel 106

Israel Technical Review Software Review Seed Stage 106

YoungUpstarts

SEPTEMBER 15, 2015

Here are seven ways that advisors can immediately help your small business achieve the next level of success: Assist With Strategies & Connections to Have Record Revenue & Profit in 2016. The right advisor can have a greater impact on the success of your small business than any other hire you ever make.

CTO Hire 100

CTO Hire Fractional CTO Small Business Hiring 100

YoungUpstarts

MAY 24, 2019

At Wildcat, we recommend benchmarking your startup against the four core architectural pillars of the Traction Gap Framework: product , revenue , team and systems. Revenue Architecture. A comprehensive revenue architecture should be designed to enable a startup to generate and monetize awareness, engagement and usage.

Framework 113

Framework Architecture Cleveland Early Stage 113

SoCal CTO

OCTOBER 5, 2010

Advisory Board. 5 great viral marketing campaigns (and what small businesses can learn from them!) - crowdSPRING Blog , September 13, 2010 At crowdSPRING we talk a great deal about how we can leverage our limited marketing resources to drive traffic and revenues and build strong community. Carpe Diem. What Does a CEO Do, Anyway?

Technology 191

Technology Product San Francisco CTO Hire 191

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 125

Founder Technical Review Advisory Board Cofounder 125

Steve Blank

MAY 19, 2015

I had lunch last week with Tom, the CEO of a startup that was quickly becoming a large company – last year’s revenue was $40M, this year likely to be $80M maybe even $100 million in ad revenue. to drive traffic to their site, which they then turned into ad revenue. Is that feasible? Lessons Learned.

Technical Review 120

Technical Review Salary Early Stage Software Review 120

SiliconHills

DECEMBER 21, 2020

Hypergiant, based in Austin, has brought on board Abidali Neemuchwala, former Wipro CEO, to its executive advisory board. The addition Neemuchwala, who oversaw $8 billion in revenue and 185,000 at Wipro, is a “vital step in growing Hypergiant into a $1 billion business, according to Ben Lamm, the company’s Co-Founder, and CEO.

Advisory Board 149

Advisory Board Cofounder Austin Revenue 149

The Startup Magazine

OCTOBER 25, 2017

The business models not only have to have the potential to scale, they also need to have demonstrated product acceptance, be post-revenue, be innovative within their space, and meet timing criteria for broad market acceptance. Led by former Apple project manager Brian Brackeen, Kairos set up an Endeavor-facilitated advisory board.

Miami 72

Miami Technical Review Software Review Advisory Board 72

Growthink Blog

MAY 20, 2011

Like building an advisory board. Maybe you have $1 million in revenues. And if you're generating $1 million in revenues, find someone who's generating $5 million. also would have told him things that he should have been doing. Like raising angel funding (where he might get them to sign an NDA). Maybe $5 million.

Venture Capital 109

Venture Capital Valuation NDA Non-disclosure Agreement 109

YoungUpstarts

OCTOBER 22, 2012

And in an increasingly social and networked world — not to mention an economy where every dollar of revenue is critical — this type of third party validation is more important than ever. These may include references, referrals, testimonials, serving on advisory boards, and participating in your customer communities, he explains.

Programming 145

Programming Customer Social Media Advisory Board 145

Duct Tape Marketing

JUNE 7, 2023

Over the past two decades, she has led large revenue-producing divisions at businesses ranging from start-ups to the Fortune 500. Over the past two decades, she has led large revenue producing divisions at businesses ranging from startups to Fortune 500. Do you have an employee advisory board? with Tiffani Bova.

Employee 90

Employee Technical Review Advisory Board Sales 90

Both Sides of the Table

DECEMBER 9, 2013

should we charge SaaS revenue, ad revenue or volumetric billing revenue? should we cut staff early since our revenue isn’t growing? Between Board Meetings. Communicating Between Board Meetings. The Agile Board. Board Observers & Advisory Boards -. Meeting Dynamics.

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Advisory Board Valuation Stock Options Seed Money 337

David Teten

JANUARY 19, 2021

More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Flexible VC 101: Equity Meets Revenue Share. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad. Flexible VC: Revenue -based. Of the Inc.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

BeyondVC

JANUARY 3, 2019

We are purpose-built to not only invest pre-product but also to help accelerate your path to product-market fit with our decades of entrepreneurial and investing experience along with our active CXO advisory board. 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 are purpose-built to not only invest pre-product but also to help accelerate your path to product-market fit with our decades of entrepreneurial and investing experience along with our active CXO advisory board. 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

Startup Professionals Musings

NOVEMBER 7, 2022

There is no point incubating an innovative new venture if you don’t have the funds to launch and expect quick self-sustaining revenue. Assemble an engaged new venture advisory board. Commit a source of internal or external seed funding. Don’t count on friends and family, crowdfunding, angels, or other external investors.

Advisory Board 359

Advisory Board Incubator Dilution Agile 359

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. Here the rigor in qualifying the GLG Share members helps, because we want the conversation to be valuable on both sides.

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

David Teten

MAY 7, 2019

As a VC, I’m interested in working with companies with large-scale revenue potential, and that’s the company we envision. I’ve recruited an Advisory Board including officials from the CIA and the State Department; leaders from major family offices; and a former major party Presidential candidate. .

America 60

America Technical Review Advisory Board Due Diligence 60

OnlyOnce

JULY 9, 2013

Chapter 2: Defining and Testing the Story…Start Out By Admitting You’re Wrong, A Lean Business Plan Template, Problem, Solution, Key Metrics, Unique Value Proposition and Unfair Advantages, Channels, Customer Segments, Cost Structure and Revenue Streams. Chapter 3: Telling the Story to Your Investors…The Business Plan is Dead.

Startup 95

Startup Advisory Board Elevator Pitch Forecast 95

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

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

David Teten

JULY 10, 2019

As a VC, I’m interested in working with companies with large-scale revenue potential, and that’s the company we envision. I’ve recruited an Advisory Board including officials from the CIA and the State Department; leaders from major family offices; and a former major party Presidential candidate. . A nonprofit?

America 60

America Technical Review Advisory Board Due Diligence 60

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

Steve Blank

AUGUST 27, 2012

He should make sure that there aren’t other parts of the business model (revenue model, pricing, partners, channel, etc.) Finally, I suggested that he find someone he respects on his advisory board, who he was comfortable brainstorming with and would tell him when he has a bad idea. Find a Brainstorm Buddy.

Founder 323

Founder Cofounder Advisory Board Burn Rate 323

Startup Professionals Musings

JUNE 30, 2012

Many entrepreneurs work hard on the proof of concept (technical), but skip any proof of the business model (revenue flow). Here is where your Advisory Board can help you in finding real people with deep experience in your product domain, and gather some unbiased feedback. These days, the technical side may be the easy part.

Business Model 248

Business Model Advisory Board Entrepreneur Angel Investor 248

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.

Advisory Board 247

Advisory Board Angel Investor Startup Equity 247

Up and Running

AUGUST 30, 2017

Like it or not, this will likely affect your revenue and enrollment, especially if you are offering part-time care. What are the details of your ownership structure, board of directors, investor list, partners, and so on? What is your business model? Write down the responsibilities and roles of everyone on your team.

Business Plan 93

Business Plan SBA Software Review Advisory Board 93