Remove Development Team Review Remove Entrepreneur Remove Software Review
article thumbnail

9 Women Can’t Make a Baby in a Month

Both Sides of the Table

The part of the movement that resonates the most with me (in my words) is that entrepreneurs should keep their capital expenditures really low while they’re experimenting with their product and determining whether there is a large market for what they do. This benefits you, the entrepreneur. It takes options off of the table.

article thumbnail

How The IBM PC Made Me Appreciate Entrepreneurs

Startup Professionals Musings

Way back in the early eighties, I was privileged to be part of the original IBM PC development team, led by Don Estridge. Despite a valiant effort, we only briefly succeeded in putting IBM in the personal computer business, but our efforts changed my view of entrepreneurs forever.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The evolution of early stage investing in the UK

The Equity Kicker

Two developments have changed the face of startup investing in the UK in recent years. The first development is increased capital efficiency. Entrepreneurs can now achieve an awful lot with very little money. Both of these schemes use the tax code to make it more attractive for high-net-worth individuals to invest in startups.

article thumbnail

Startup Runway Length Depends on Your Burn Rate

Startup Professionals Musings

As a rule, you need to review your burn rate every month, and manage it every day. Another one to avoid cash burn for software development is a contract for percent of future revenue. This will equate to 2 working founders (taking no salary), hiring a 5-person development team for a year. Great strategy.

Burn Rate 232
article thumbnail

High Burn Rates Result in Short Startup Runways

Startup Professionals Musings

As a rule, you need to review your burn rate every month, and manage it every day. Another one to avoid cash burn for software development is a contract for percent of future revenue. This will equate to 2 working founders (taking no salary), hiring a 5-person development team for a year. Great strategy.

Burn Rate 231
article thumbnail

The Long-Term Value of Loyalty

Both Sides of the Table

But in these years I learned how to sell software – necessity is the mother of all invention. I learned how to integrate customers into our product development process. But in our first year of sales (and those were really shitty years to be selling software) we sold $2.1 million, then $5.9m, $7.7m

article thumbnail

How and Where to Write About Technology in Your Business Plan

Up and Running

To explain the difference, let’s take me as an example: I’m a software entrepreneur, and, in recent years, a member of an angel investment group. I get involved in detail when the group is looking at startups in software, web, mobile apps, or financial forecasting. It’s reviewed and revised frequently.