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Praying to the God of Valuation

Both Sides of the Table

We had nascent revenues, ridiculous cost structures and unrealistic valuations. I learned to avoid unnecessary conferences, avoid non-essential costs and strive for at least a neutral EBITDA if for no other reason than nobody was interested in giving us any more money. Until we weren’t. Nobody cared about our valuations any more.

Valuation 466
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Using Generative AI to Drive Corporate Impact

TechEmpower

Key Functions with High Impact Generative AI is revolutionizing sales by enabling dynamic pricing and personalized customer interactions, boosting conversion rates and customer satisfaction. It can also optimize logistics through route and delivery scheduling, leading to reduced operational costs and improved delivery times.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

So if your costs are $500,000 per month and you have $350,000 per month in revenue then your net burn (500-350) is equal to $150,000. Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. High fixed costs + high debt rates killed many great companies in Dot Com 1.0.

Burn Rate 383
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Website Design Tactics to Reduce the Bounce Rate

The Startup Magazine

To optimize your website for conversions, an experienced web development company will typically identify the reasons for the high bounce rate and address them using one or several of these tactics: Make the Website Load Faster by Decluttering It. Optimize the Website for Conversions.

Design 190
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What Happens When Startups Turn from Their Innovation Stage to Operational Excellence?

Both Sides of the Table

MakeSpace (as he named it) would help you get your excess goods into low-cost warehouses. As companies get this initial customer feedback on their product they start to have to ask harder questions about unit economics: How much does it cost us to acquire a new customer? and we were met with weak demand, slow growth and high costs.

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Startup Metrics

TechEmpower

One way to approach that last question is to use this simple model: Customer Acquisition Cost (CAC) How will your business reach prospects? And how much will it cost to win them? Apply costs to each channel. And most importantly, how does it make money? How will you convert them? We need to make sure we have these numbers.

Metrics 260
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7 Tips for Streamlining Your Ecommerce Fulfillment Processes

The Startup Magazine

Running an ecommerce business requires efficient order fulfillment processes to get products to customers quickly and cost-effectively. Streamlining your fulfillment workflows can help you ship orders faster, reduce costs, and provide better customer service. Just be sure to integrate new shipping services across your platforms.

eCommerce 167