Startup Professionals Musings

NOVEMBER 13, 2012

In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front. General startup expenses are beyond your means.

Sweat Equity 239

Sweat Equity Technical Review Bootstrapping Equity 239

www.drowningamerican.com

JUNE 22, 2012

Next → How to Hire for Sweat Equity…. Build a team – we have plans to hire at a minimum 2 more engineers once funded with many more to follow and you will be hand selecting your team. While it may be too soon to make such a large judgment, I think our hiring approach is one I would want to use in any venture I start.

Sweat Equity 40

Sweat Equity Equity Hiring Technical Review 40

Both Sides of the Table

APRIL 19, 2011

o Early on they hired 3 people from ACT software at once (more team hiring) on staff and supplement it with Agency (in LA worked with First Communications – good). If you need money to even hire a developer [means you cannot even excite one person to put in some sweat equity – not a good sign about your ability to motivate people.].

Acquisition 304

Acquisition Warrant Customer Term Sheet 304

Startup Professionals Musings

FEBRUARY 18, 2023

Most founders like to talk about their many months or years of sweat-equity , but cash invested is a stronger commitment. Every startup should have at least a couple of outside advisors who are not major investors or family members, anxious to talk to new investors and key new hires.

Sweat Equity 207

Sweat Equity Burn Rate Technical Review Intellectual Property 207

www.drowningamerican.com

JUNE 22, 2012

Next → How we Hire for Sweat Equity (Part 2)… Posted on April 7, 2011 by Travis Biziorek. The first time we hired partners for Kibin was way back in late 2009. I’ve heard people say it’s impossible to hire good developers right now. I want to hire before I have the ability to pay anyone.

Sweat Equity 40

Sweat Equity Equity Hiring Technical Review 40

Gust

DECEMBER 15, 2013

In today’s Internet world, enterprising entrepreneurs have found that they can find out and do almost anything they need, from incorporating the company to filing patents, without expensive consultants, or the cost to hiring and firing employees. Need expensive resources up front. General startup expenses are beyond your means.

Bootstrapping 183

Bootstrapping Sweat Equity Entrepreneur Technical Review 183

ReadWriteStart

DECEMBER 29, 2010

More events, money and startups, means more competition, making it all the more necessary to stand out by hiring outstanding people, being more ambitious, more risk-taking. Unsurprisingly, this seems to weed out the less passionate people, while encouraging others to put in sweat equity in their own ideas. 3 Choices.

Silicon Valley 156

Silicon Valley Finland Sweat Equity Entrepreneur 156

Startup Professionals Musings

APRIL 10, 2016

Most founders like to talk about their many months or years of sweat-equity , but cash invested is a stronger commitment. Every startup should have at least a couple of outside advisors who are not major investors or family members, anxious to talk to new investors and key new hires.

Sweat Equity 120

Sweat Equity Burn Rate Technical Review Intellectual Property 120

Startup Professionals Musings

APRIL 8, 2015

Most founders like to talk about their many months or years of sweat-equity , but cash invested is a stronger commitment. Every startup should have at least a couple of outside advisors who are not major investors or family members, anxious to talk to new investors and key new hires.

Technical Review 120

Technical Review Due Diligence Sweat Equity Burn Rate 120

Startup Professionals Musings

MARCH 16, 2016

Sweat equity. This unpaid work component is sized in dollars, added to any funds contributed, to represent the total contribution of a founding partner and converted to an equity ownership percentage in a new startup. They may decide to acquire the startup in order to hire the team for another project in their portfolio.

Software Review 120

Software Review Sweat Equity Accredited Investor Angel Investor 120

ConversionXL

NOVEMBER 6, 2019

Gadea leveraged his connections in Silicon Valley to seed viral distribution of the product, which, in turn, generated the revenue to hire engineers and scale the company. is a SaaS tool that companies can use to assess engineers before they hire them. spent $1k on their MVP. Qualified.io Vested Technology spent $17k on their MVP.

Sweat Equity 78

Sweat Equity Software Review Vesting Cofounder 78

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. It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down.

Hockey Stick 423

Hockey Stick Bootstrapping Sweat Equity Intellectual Property 423

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

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. It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down.

Equity 349

Equity Hockey Stick Bootstrapping Sweat Equity 349

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

ConversionXL

NOVEMBER 6, 2019

Gadea leveraged his connections in Silicon Valley to seed viral distribution of the product, which, in turn, generated the revenue to hire engineers and scale the company. is a SaaS tool that companies can use to assess engineers before they hire them. spent $1k on their MVP. Qualified.io Vested Technology spent $17k on their MVP.

Sweat Equity 50

Sweat Equity Software Review Vesting Cofounder 50

The Startup Magazine

JANUARY 10, 2023

He knows that quality of startup hiring is linked to the tone the founder sets for the company. He seeks zeal in potential hires. “We The goal in startup hiring, he says, is to make people feel they can’t walk away. Hiring people is similar to recruiting basketball players, Hufnagel says. Photo by nappy: [link]. “I

Hiring 158

Hiring Founder Sweat Equity Cofounder 158

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

Startup Professionals Musings

DECEMBER 16, 2013

The intent of this question is to determine the level of commitment of founders, both cash and “sweat equity,” and how much others have already invested into this plan. They should be asking to speak to you if you are a potential investor or a superstar hire. How much “skin” is already in the game?

Due Diligence 253

Due Diligence Sweat Equity Intellectual Property Burn Rate 253

Startup Professionals Musings

NOVEMBER 2, 2012

The intent of this question is to determine the level of commitment of founders, both cash and “sweat equity,” and how much others have already invested into this plan. They should be asking to speak to you if you are a potential investor or a superstar hire. How much “skin” is already in the game?

Due Diligence 244

Due Diligence Sweat Equity Burn Rate Intellectual Property 244

Startup Professionals Musings

SEPTEMBER 5, 2011

The intent of this question is to determine the level of commitment of founders, both cash and “sweat equity,” and how much others have already invested into this plan. They should be asking to speak to you if you are a potential investor or a superstar hire. How much “skin” is already in the game?

Due Diligence 237

Due Diligence Sweat Equity Intellectual Property Entrepreneur 237

Startup Professionals Musings

AUGUST 20, 2010

The intent of this question is to determine the level of commitment of founders, both cash and "sweat equity,” and how much others have already invested into this plan. They should be asking to speak to you if you are a potential investor or a superstar hire. How much "skin” is already in the game?

Due Diligence 229

Due Diligence Sweat Equity Intellectual Property Startup 229

Berkonomics

OCTOBER 15, 2020

If you had to replace yourself with a professional hired to duplicate your skills, what would you have to pay in salary and incentive today? The post Should you include your sweat equity in a business plan? And that is the quandary for investors. first appeared on BERKONOMICS.

Sweat Equity 62

Sweat Equity Equity Business Plan Balance Sheet 62

femgineer.com

JULY 18, 2010

If you’re a founder who is still trying to grasp the product roadmap and create a company vision its probably not a good time to hire an engineer. Sweat equity or salary? There are a lot of engineers out there who have been burned by founders who pull and push them in a variety of directions.

Engineer 41

Engineer Software Review Startup Technical Review 41

philipsmith.typepad.com

SEPTEMBER 24, 2011

What kind of client is this that has blown through the money, wants a top-notch CFO for equity only and actually thinks its OK to waste $80k a year on an executive assistant to the CEO? Looks like you should have hired a CFO a long time ago! Working for equity only is a perfectly valid way to go. Don't get me wrong.

Silicon Valley 40

Silicon Valley Equity Technical Review Recapitalization 40

Gust

DECEMBER 8, 2013

The intent of this question is to determine the level of commitment of founders, both cash and “sweat equity,” and how much others have already invested into this plan. They should be asking to speak to you if you are a potential investor or a superstar hire. How much “skin” is already in the game?

Due Diligence 174

Due Diligence Sweat Equity Intellectual Property Burn Rate 174

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. If you did, why would you be consulting for sweat equity instead of investing as a VC or for yourself? GrasshopperHerder.com.

Sweat Equity 41

Sweat Equity Equity Cofounder Non-Compete 41

ReadWriteStart

SEPTEMBER 18, 2012

LESONSKY : Then why not go it alone and hire the skills you need? Don’t worry about defining equity until you understand what each co-founder does. It could be money, sweat equity, connections or industry experience. KAVIANI : Ask yourself, “Am I ready for a co-founder? EDGE : Not everyone needs a co-founder.

Cofounder 150

Cofounder Founder St. Louis Sweat Equity 150

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. It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down.

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. It always surprises me how frequently this is left out of pitches.

Sweat Equity 138

Sweat Equity Churn Rate Forecast Business Model 138

YoungUpstarts

AUGUST 10, 2016

You could find cheap products to buy at auctions and hire third party professionals to fix the product before you sell. This is often a fantastic opportunity if you are already a skilled roofer or carpenter who can offer sweat equity. This is however capital intensive and why a lot of aspiring entrepreneurs choose to stay away.

Sweat Equity 100

Sweat Equity Lead Generation Demand SEO 100

chrischandler.name

NOVEMBER 1, 2010

If you’ve considered finding and asking a developer for his or her time in exchange for sweat equity, I’m going to strongly advise you against it. Equity to a developer works the same way, except it’s often approached as hiring an employee instead of bringing on an investor.

Equity 40

Equity Developer Entrepreneur Syndication 40

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. And they hire very aggressive securities attorneys to represent their interests. The typical wisdom regarding the appropriate financing course for a new company goes as follows: 1.

Angel Investor 112

Angel Investor Venture Capital Sweat Equity Cram Down 112

YoungUpstarts

APRIL 12, 2016

To do this, you will need to invest money in hiring programmers who can build and maintain the app. In the early stages of business, sweat equity can often be a good substitute for cash. By compartmenalizing your business idea, you can identify smaller components that can be launched with your own savings. Find a cofounder.

Cofounder 100

Cofounder Sweat Equity Startup Seed Capital 100

David Teten

MARCH 9, 2021

We hired a coach to help make us a world-class team.” . One or more of our past coworkers are joining us in this new business, and working for sweat equity.”. Note this applies in real time. If we meet you over a period of a month, we’ll notice what happens during that month.

Sweat Equity 78

Sweat Equity Equity Metrics Demand 78

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.

Sweat Equity 122

Sweat Equity Churn Rate Elevator Pitch Forecast 122