Startup Professionals Musings

AUGUST 24, 2022

As a business consultant and angel investor, I often ask for your own assessment of marketing ROI , or customer acquisition cost (CAC). Leaders and investors need to know if you have and are tapping into your key sources of relevant data, including web analytics, sales management data, and customer relationship management (CRM) software.

Acquisition 250

Acquisition Cost Customer Sales Cycle 250

Startup Professionals Musings

JULY 15, 2019

The challenge is to recognize and recruit that ideal partner match early with minimal cost and risk. In fact, I would broaden the definition of partner from co-founder to “business partner.” Some people are too independent to be partner material. Neither partner needs to be managed.

Cofounder 221

Cofounder Software Review CTO Hire Founder 221

Both Sides of the Table

MARCH 19, 2013

The era of VCs investing in successful consumer Internet startups such as eBay led to a belief system that seemed to permeate many enterprise software startups that hiring sales or implementation people was a bad thing. We only want software revenue.” We prefer to sell software, not get involved with client systems.”

Technical Review 403

Technical Review Startup Software Review Churn Rate 403

YoungUpstarts

SEPTEMBER 30, 2020

A strong third-party risk management strategy will increase transparency, streamline operations, and cut costs. Before you embark on a relationship with a vendor, perform your due diligence by screening the vendor for regulatory compliance, data security, reliability, and other factors that could make them too risky to work with.

Software Review 264

Software Review Technical Review Due Diligence Management 264

Startup Professionals Musings

JULY 16, 2017

The challenge is to recognize and recruit that ideal partner match early with minimal cost and risk. In fact, I would broaden the definition of partner from co-founder to “business partner.” Some people are too independent to be partner material. Neither partner needs to be managed.

Partner 140

Partner Software Review CTO Hire Cofounder 140

Both Sides of the Table

FEBRUARY 9, 2013

My partner Steven Dietz is an expert on cars (and auto startups having funded DealerTrack , TrueCar , Digital Airstrike , Uparts and others) and I called him and he said, “Decline everything. Your 2am coding session is more important than their 2am cocktails on the redeye back from Japan where they have no customers. Sell stuff.

Software Review 398

Software Review Technical Review China Mexico 398

Both Sides of the Table

NOVEMBER 3, 2009

In all of these new product and cost-focused new trends, a big problem has emerged that all of these movements have not addressed. That died with waterfall software development. I’m not even talking about your 12-page Powerpoint presentation that you need to raise venture capital or to talk with potential biz dev partners.

Business Plan 334

Business Plan AJAX Venture Capital Technical Review 334

The Startup Magazine

JULY 24, 2024

Understanding the cost of order fulfillment is important for any Amazon seller aiming to maximize profits. Several key factors influence these costs, with product type, size, and weight being the primary determinants. By focusing on these factors, you can better control your fulfillment costs and boost your business growth.

Cost 167

Cost Technical Review Software Review Stock 167

Both Sides of the Table

NOVEMBER 5, 2014

Entrepreneurs are driven to pursue their passions no matter the personal costs, societal pressure, family head-scratching or financial consequences. Now they are partners. Are we right in all of our assumptions and diligence? Who sat on the sidelines from the comfort of their keyboards risking nothing and criticizing everything.

Technical Review 417

Technical Review South Korea San Francisco Software Review 417

Both Sides of the Table

DECEMBER 11, 2022

There were startups and a software industry but barely. 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.

Valuation 466

Valuation San Francisco Ratchet Liquidation Preference 466

The Startup Magazine

JANUARY 5, 2025

You should also get enterprise resource management software as well. You should make sure that you are regularly reviewing your financial statements to understand your cash flow. Be sure to identify areas where you can cut costs without compromising quality too much. Marketing automation tools may also be valuable to you.

Software Review 147

Software Review Technical Review Retention Campaign 147

Startup Professionals Musings

MARCH 21, 2021

I was with IBM in the early PC days when Bill worked with us to provide PC DOS and other software. For entrepreneurs, effective networking is required to find investors, partners, and customers. Many experts suggest it costs six times more to sell something to a new customer than to an existing customer. Investor negotiations.

Technical Review 333

Technical Review Startup Software Review Retention 333

ReadWriteStart

NOVEMBER 3, 2023

The software outsourcing sector in India is flourishing, offering organizations low-cost solutions. In this article, we’ll look at the top 10 Indian software outsourcing firms of 2023. Businesses may benefit from India’s talent pool and technical advances by partnering with them.

India 130

India Software Review Software Technical Review 130

Startup Professionals Musings

APRIL 28, 2021

For example, I believe Bill Gates would have failed without his partners Steve Ballmer and Paul Allen. I recommend a trial run with an experiment or MVP (minimum viable product), at full price and cost, before the big bang launch, risking your investment money and a major time commitment.

Technical Review 329

Technical Review Merger Software Review Acquisition 329

The Startup Magazine

DECEMBER 20, 2019

While a good portion of this is due to the low labor costs in countries such as India or China, there are benefits to outsourcing that go beyond time and price. If you’ve decided you’re ready to outsource , one thing you need to be aware of is that everything depends on the quality of your partner company.

Software Developers 108

Software Developers Software Development Software Review Developer 108

Both Sides of the Table

NOVEMBER 25, 2010

I had lost a previous deal where the team said they liked me but didn’t know my partners well enough so I promised myself never to let that happen again. So I organized a team dinner with all four of my partners and all three of their founders. They hired a consultant to help them with the review. we would support 6.0

China 333

China Silicon Valley Software Review Technical Review 333

Both Sides of the Table

NOVEMBER 25, 2010

I had lost a previous deal where the team said they liked me but didn’t know my partners well enough so I promised myself never to let that happen again. So I organized a team dinner with all four of my partners and all three of their founders. They hired a consultant to help them with the review. we would support 6.0

China 328

China Silicon Valley Software Review Technical Review 328

Eric Friedman

FEBRUARY 23, 2021

My partner ( Steve Schlafman ) and I recently launched Tapestry , an exercise for founders to invest in their relationships, and it was met with an incredible reaction. No code and a global workforce make it possible. Its an easy reference to “tap” into the work later for partners and teams. Cost: $64.88 (per year).

Software Review 103

Software Review Cost Cofounder New Zealand 103

SoCal CTO

JULY 23, 2012

for a Lead Developer: How much will it cost to build what we need to build? How can I control costs but effectively get stuff developed? How can we phase development to balance cost, features, risk, etc? How do we balance concerns vs. cost? How will we address these without significant cost? Accounting?

CTO Hire 231

CTO Hire Technical Review Developer Software Review 231

Startup Professionals Musings

OCTOBER 30, 2020

Get support from credible industry groups and partners. Customer feedback, including blog comments, usability reviews, and early user testimonials, build relationships and provide credible marketing to the broader customer community. Take advantage of low-cost modern tools and automation.

Merger 386

Merger Software Review Acquisition Social Media 386

A Smart Bear: Startups and Marketing for Geeks

AUGUST 30, 2010

He blogs to 10,000 web entrepreneurs at Software by Rob and co-hosts the podcast Startups for the Rest of Us. More than two years ago, my business partner and I discussed launching a hosted version of our ASP.NET invoicing software, DotNetInvoice. Introduction. Agile Development, meet Agile Business.

Software Review 284

Software Review Startup Technical Review Hosting 284

ReadWriteStart

JULY 2, 2022

Successfully running your business in 2022 is not easy due to the new norms of people’s lives. The cost of starting a business decreases every year, which is especially important for an online business; to start, it is enough to have a computer with an Internet connection. Personal interests.

Cost 140

Cost Software Review Technical Review Cloud 140

YoungUpstarts

APRIL 28, 2015

One of the biggest mistakes a company routinely makes is waiting until a bill is past due to begin collection efforts. A good credit department reduces bad debt and past due accounts by getting proactive about debts collected, preferably before the due date. Here’s how to begin collection efforts before the due date: 1.

Software Review 100

Software Review Software Developers Software Development Software 100

The Startup Magazine

FEBRUARY 11, 2022

With over three decades of experience in private equity investments, acquisitions and mergers, Mark Hauser has developed a keen ability to recognize trends and do his due diligence. In 2016, Hauser Private Equity completed an investment in Stat Health Management, LLC, an urgent care provider with locations throughout Long Island, NY.

Private Equity 164

Private Equity Equity Technical Review Software Review 164

Steve Blank

OCTOBER 30, 2012

While the Lean LaunchPad online has received rave reviews (it’s being translated into Spanish, French, Russian, Japanese and Greek, and it’s being used as part of a “ flipped classroom ” in other entrepreneurship courses), it’s different than taking the class in person. I’m partnered with four great organizations to deliver the program.

Startup 335

Startup Lean Incubator Business Model 335

Startup Professionals Musings

JANUARY 16, 2013

I was with IBM in the early PC days when Bill worked with us to provide PC DOS and other software. For entrepreneurs, effective networking is required to find investors, partners, and customers. Many experts suggest it costs six times more to sell something to a new customer than to an existing customer. Investor negotiations.

Entrepreneur 275

Entrepreneur Technical Review Software Review Retention 275

Startup Professionals Musings

JULY 23, 2012

For example, if your startup is building a high-tech software product, a dream team of advisors would be a former CEO or high-level exec in another software company, a former software marketing executive, and a former financial executive. The worst thing that can happen is that they reject you, which costs nothing here.

Advisory Board 239

Advisory Board Technical Review Startup Software Review 239

Startup Professionals Musings

JUNE 5, 2012

Your goal is “ coopetition ” - to find a way to partner with your competitor in such a way that both parties can substantially benefit from the other's resources - without stealing customers or damaging anyone's credibility. As an example, a few years ago I worked for small software company selling an expensive enterprise workflow product.

Non-Compete 241

Non-Compete Merger Technical Review Software Review 241

The Startup Magazine

FEBRUARY 7, 2025

Acting as the bridge between shippers and carriers, freight brokers ensure that goods are moved efficiently and cost-effectively. By nurturing these relationships, brokers secure repeat business and build a reputation as reliable partners in logistics. Fines and harm to one’s professional reputation may follow noncompliance.

Developer 122

Developer Technical Review Software Review Reputation 122

The Startup Magazine

MAY 7, 2024

Partnerships share income and losses among partners, affecting individual tax brackets. Common deductible business expenses include office supplies, rent for business property, utilities, business-related travel, meals, and the costs associated with continuing education and professional development.

Small Business 156

Small Business Software Review Technical Review Limited Liability Company 156

SoCal CTO

MARCH 3, 2011

Many of the founders of these companies are surprised to learn that I'm willing to review what they are doing (maybe an hour) and get on the phone for an hour with them and provide free advice. Who might be partners? Unfortunately, we are web, mobile, software, database guys. What Is This? How does the product solve a pain?

Fractional CTO 264

Fractional CTO CTO Hire NDA Technical Review 264

Both Sides of the Table

DECEMBER 6, 2013

Nobody wants to leave their loved ones in a cold, impersonal dog kennel not to mention the costs of doing so. They can read reviews, see pictures and even talk to the family before confirming. I typed in my brothers zip code and ton of houses popped up in his area and I was able to search out on a map view. “Oh s**t.”

San Diego 344

San Diego Technical Review Seed Capital Sacramento 344

The Startup Magazine

FEBRUARY 16, 2022

DataRails , the financial analysis and reporting software startup, has announced the hiring of David Rosenberg as the company’s new VP of customer success. million for the software startup to date, with the latest round, a two-part Series A, completing in June 2021. DataRails has already raised $53.5

Hiring 171

Hiring Software Review Customer Israel 171

YoungUpstarts

OCTOBER 15, 2017

Security-focused code reviews and rigorous penetration testing are also highly recommended. Of all the security threats mentioned here, this is probably the one that requires most due diligence and is the most difficult to identify. Using a strong defense strategy to counter cyber threats and data breaches.

Security 140

Security Software Review Technical Review API 140

Both Sides of the Table

JULY 16, 2010

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. Partners leave the industry. Here’s my take: 1.

LP 311

LP Technical Review Early Stage Silicon Valley 311

A Smart Bear: Startups and Marketing for Geeks

AUGUST 28, 2012

At Smart Bear, Code Reviewer started at $34.95/seat It’s all our fault for setting the price lower than the cost of creating ${product} and growing ${company}. Most people are reasonable and in fact want you to succeed, both personally as a small-business owner and professionally in that they want updates to that software.

Software Review 240

Software Review Technical Review Email Revenue 240

The Startup Magazine

AUGUST 26, 2024

Partnerships allow for shared responsibilities but can lead to conflicts between partners. LLCs and corporations provide limited liability protection but may require more paperwork and higher startup costs. Exploring various financing resources ensures you have the capital needed to cover startup costs and initial expenses.

Limited Liability Company 157

Limited Liability Company Technical Review Software Review Angel Investor 157