Startup Professionals Musings

MAY 18, 2020

With one of the many new tools , and a dose of sweat equity, you can create a website for almost nothing -- and you are on your way to success with ecommerce, your latest invention or personal services. Favor profitability over revenue and user growth. You will be in good company with the many legends who used this approach.

Hockey Stick 423

Hockey Stick Bootstrapping Sweat Equity Intellectual Property 423

Startup Professionals Musings

FEBRUARY 15, 2023

With one of the many new tools , and a dose of sweat equity, you can create a website for almost nothing -- and you are on your way to success with ecommerce, your latest invention or personal services. Favor profitability over revenue and user growth. You will be in good company with the many legends who used this approach.

Equity 349

Equity Hockey Stick Bootstrapping Sweat Equity 349

ConversionXL

NOVEMBER 6, 2019

For this article, we asked 14 SaaS CEOs a simple question: “How much did you spend on your MVP before you had your first dollar of revenue?”. The MVP took around four months to build, during which time the company earned no revenue. is a SaaS tool that companies can use to assess engineers before they hire them. Image source).

Sweat Equity 50

Sweat Equity Software Review Vesting Cofounder 50

Startup Professionals Musings

JANUARY 11, 2021

The average amount per startup has been $23,000, usually in the form of a convertible loan, rather than an equity investment. The vehicle of choice is most often a convertible note, which is really a loan with a specified duration and interest, with an option to convert it to equity when professional investors come in later.

Sweat Equity 346

Sweat Equity Elevator Pitch Equity Venture Capital 346

socialmatchbox.com

OCTOBER 23, 2010

If they hire an accountant to help prepare and file their taxes that may cost around $500. Another option is sweat equity. It is important to realize that most people who are willing to work for sweat equity are not a) the best, b) in demand, and c) going to put their heart and soul into your project.

Part-Time VPE 41

Part-Time VPE Sweat Equity DC Washington 41

Startup Professionals Musings

SEPTEMBER 25, 2023

The average amount per startup has been $23,000, usually in the form of a convertible loan, rather than an equity investment. The vehicle of choice is most often a convertible note, which is really a loan with a specified duration and interest, with an option to convert it to equity when professional investors come in later.

Sweat Equity 274

Sweat Equity Elevator Pitch Startup Equity 274

grasshopperherder.com

SEPTEMBER 24, 2011

Piercing the Corporate Veil – Sweat Equity Consulting. But much like becoming a co-founder, getting paid sweat equity is essentially becoming an investor in the company. I think it’s difficult, if not impossible, to value a pre-revenue company with any reasonable accuracy. GrasshopperHerder.com.

Sweat Equity 41

Sweat Equity Equity Cofounder Non-Compete 41

Startup Professionals Musings

APRIL 6, 2016

With one of the new free tools and a dose of sweat equity, you can create a website for almost nothing -- and you are on your way to success with ecommerce, your latest invention or personal services. Favor profitability over revenue and user growth. You will be in good company with the many legends who used this approach.

Bootstrapping 120

Bootstrapping Hockey Stick Sweat Equity Intellectual Property 120

Startup Professionals Musings

JUNE 1, 2015

The average amount per startup was $23,000, usually in the form of a convertible loan, rather than an equity investment. The vehicle of choice is most often a convertible note, which is really a loan with a specified duration and interest, with an option to convert it to equity when professional investors come in later.

Sweat Equity 120

Sweat Equity Entrepreneur Elevator Pitch Equity 120

Up and Running

JANUARY 24, 2014

Investors want to hear about your first customers, other investments put into the company (including your own sweat equity), key media placement, signed letters of intent (LOI) to purchase/partner, product and customer milestones, key hires, etc. 160 is average revenue per user (ARPU). 1,000 new leads captured per month.

Sweat Equity 138

Sweat Equity Churn Rate Forecast Business Model 138

Up and Running

FEBRUARY 12, 2019

Investors want to hear about your first customers, other investments put into the company (including your own sweat equity), key media placement, signed letters of intent (LOI) to purchase/partner, product and customer milestones , key hires, and so on. 160 is average revenue per user (ARPU). 5 percent monthly churn rate.

Sweat Equity 122

Sweat Equity Churn Rate Elevator Pitch Forecast 122

Growthink Blog

MAY 23, 2011

An entrepreneur starts a company in classic " bootstrap " fashion - with a combination of sweat equity and their own financial resources. With this capital, the company propels itself to $50 million+ in revenues, and to either a sale to a strategic acquirer or to an initial public offering. Venture capitalists Cut Tough Deals.

Angel Investor 112

Angel Investor Venture Capital Sweat Equity Cram Down 112

BeyondVC

OCTOBER 8, 2003

Consequently, the company had no other choice but to shut down since it was not at a stage to generate meaningful revenue. VCs like sweat equity. Don’t hire people that expect to get paid back salary. So what can other entrepreneurs learn from this?

Sweat Equity 60

Sweat Equity Term Sheet Bankruptcy Salary 60

BeyondVC

OCTOBER 8, 2003

Consequently, the company had no other choice but to shut down since it was not at a stage to generate meaningful revenue. VCs like sweat equity. Don’t hire people that expect to get paid back salary. So what can other entrepreneurs learn from this?

Sweat Equity 60

Sweat Equity Term Sheet Bankruptcy Salary 60

Up and Running

DECEMBER 23, 2019

Sweat Equity. “I Hire somebody on Upwork or a prototyping agency to create a super simple, stripped-down version ( minimal viable product ) that demonstrates your product. Using Revenues to Fund Growth. You can use your own savings to fund your company and move to a cheaper area to save money. Inexpensive Freelance Labor.

Finance 70

Finance Sweat Equity Bootstrapping Entrepreneur 70

Up and Running

APRIL 10, 2019

Many businesses will hire recruiting and onboarding agencies to find employees for their burgeoning digital marketing agency, but if you’re going to build an agency without funding then you need to be doing this yourself. When you’re ready, you can hire the right people for the culture that you create around your business.

Marketing 79

Marketing Bootstrapping Sweat Equity Harvest 79

discuss.joelonsoftware.com

NOVEMBER 1, 2010

where I can learn about how to build a sweat equity team? Rather, it is a proposal for sweat-equity investors. Mark Walsen Mark Walsen Thursday, October 09, 2008 Deleting … Approving … I think you would be better off hiring people, rather than trying to convince them to work for free in exchange for equity.

Sweat Equity 40

Sweat Equity Equity Angel Investor Affiliate 40

www.thestartup.eu

OCTOBER 23, 2010

Sweat Equity: Juliette and Marco put in a bit of work during weekends as project managers, designers, developers, sysadmins, etc. Related to this post I also suggest 1) the StartupTools wiki (started by the awesome guys at Songkick) [link] 2) an post I read last night about how to hire a programmer to make your idea happen ( [link] ).

Bootstrapping 49

Bootstrapping Italy Sweat Equity Europe 49

Women Entrepreneurs Can

MAY 9, 2019

During the early days, these are your key contributors and they must be willing to put as much sweat equity into the organization as you are. Scaling will increase the cost it takes to do business and it often does it before you’re able to generate additional revenue in the traditional way your company acquires sales.

Programming 40

Programming Sweat Equity Startup Private Equity 40

rapidrollout.wordpress.com

OCTOBER 23, 2010

How can I go about looking for a (very) good programmer willing to do this as sweat equity? You can find a technologist to join you as a partner, for half of the company’s equity. Or you can find seed-stage investors who will give you the money to hire a developer. So you see my dilemma. That’s the key.

Technical Review 40

Technical Review Fractional CTO Partner CTO Hire 40

www.chubbybrain.com

SEPTEMBER 28, 2011

Don’t exacerbate the issue by needing to figure out how to deal with large equity deadweight on your hands (investors won’t like that the #2 stakeholder is absent, even estranged, from your company). So, the best way of dealing with this issue is to take a long, long vesting period for all major sweat equity founders.”.

Cofounder 89

Cofounder Startup Technical Cofounder CTO Hire 89

infochachkie.com

SEPTEMBER 24, 2011

For instance, if a consultant proposes to help you with public relations, pay them a commission equivalent to the greater of a flat fee per story placed or a percentage of revenue generated from the PR coverage. At the early stages of your company’s life, you cannot rely on disinterested, hired guns to define your company’s key tasks.

Equity 40

Equity Silicon Valley Cofounder PR 40

www.chubbybrain.com

SEPTEMBER 28, 2011

spent $20 million to get back to the same revenue that I had when I was CEO. created a vastly higher cost structure; I had 80 people mostly on base salaries under $100,000 and was bringing in revenue at the rate of $20 million annually. .”). Post-Mortem Title : My eHarmony for Hiring Failure. During this year they.

Software Review 79

Software Review Startup Technical Review Vesting 79

www.virtuosimedia.com

MARCH 8, 2012

If the idea was reliant on ad revenue for profit, it quickly becomes apparent that there will be no incoming money at all. Hire someone to do a working prototype/proof-of-concept. It’s simply an untenable situation to expect the technical co-founder to assume the full burden of risk through sweat equity.

Technical Cofounder 41

Technical Cofounder Cofounder Technical Review NDA 41

Hearpreneur

DECEMBER 10, 2016

It can be overwhelming to keep tabs on everything, but if you hire the right people to help you out, things go much smoother. All the sweat equity that comes with being an entrepreneur is all worth it when you see your business grow into the vision you had when you started.

Entrepreneur 48

Entrepreneur Sweat Equity Alabama LLC 48

sivers.org

JUNE 25, 2010

Derek Sivers about me blog books email list contact How to hire a programmer to make your ideas happen 2010-06-19 Do you have an idea for a website, online business, or application, but need a programmer to turn that idea into reality? Say, “We are hiring a developer to create only the beginning of an application. Hire one from each.

CTO Hire 84

CTO Hire Hiring Software Review Technical Review 84