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Master of Customer Acquisition, Matt Coffin, On Startups …

Both Sides of the Table

I recently sat down with Matt Coffin , the founder of LowerMyBills, which sold for $400 million but was very nearly a bankruptcy only a few years early, and talked “startups.&#. I figured if Matt was on the verge of bankruptcy and one mentor changed his trajectory, what if we had a formalized, community-wide program?

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Know and avoid “time bankruptcy.”

Berkonomics

Time bankruptcy results from the deliberate over-commitment of core resources. . I created the term “time bankruptcy” almost thirty years ago when the computer software business was young, and I was a software developer building a young company based upon quality first. It’s a classic case of time bankruptcy.

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Why You Should Background Check Your Business Partner

YoungUpstarts

Just like launching a new product, hiring a partner requires protecting your business against potential risk and failure. For example, according to ADP’s 2009 hiring index , 46 percent of résumés reviewed showed discrepancies. However, it can also reveal larger issues that should never be ignored. Leveraging Your Risks. Don’t panic.

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Want to Know How VC’s Calculate Valuation Differently from Founders?

Both Sides of the Table

It was accept the terms or go into bankruptcy so we took the money. You’ll need to hire and retain talen to grow your company. Due to competitive markets we ended up with a pretty good term sheet until we needed to raise money in April 2001 and then we got completely screwed. Those were the dog days of entrepreneurship.

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Why Acceptance of Failure is Critical to Startup Success

Both Sides of the Table

In France in some ways it was worse because if you failed as a startup founder you shouldered personal liabilities that don’t exist in the US under our bankruptcy laws. You also ran the risk that if you hired employees quickly and then demand wasn’t as strong as expected it was incredibility hard to fire people.

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Why Some Startups Win

Steve Blank

I had taken the job of VP of Marketing in a company emerging from bankruptcy. We hired union laborers to do that. I hired a Director of Product Marketing who in his last company had ran its marketing and then went out into the field and became its national sales director. Why Do You Work Here?

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Why Startups Are Ready For A Reboot

YoungUpstarts

NBC News points out several companies that filed for bankruptcy during the later months of the crisis. Businesses that need to adapt to a changing economy need to quickly or get caught up in the collapsing wave of bankruptcy. Is it worth losing an experienced hire over remote working arrangements?