Remove Metrics Remove Salary Remove Software Review Remove Venture Capital
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Launching a Portfolio Acceleration Platform at a Venture Capital or Private Equity Fund

David Teten

Almost every private equity and venture capital investor now advertises that they have a platform to support their portfolio companies. This typically includes: Relationships with relevant service providers in your vertical, often with pre-negotiated discounts: coaches, lawyers, accountants, common software vendors, consultants.

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Use agile budgeting to manage your cash

David Teten

Instead of budget approvals, monitor key metrics and give managers more flexibility. The next most important set of metrics are sales by category; working capital (cash and other current assets, less current liabilities); EBITA; and gross margin. Traditional budgets can be destructive and a huge waste of time.

Agile 60
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How to Run Your Company Based on Metrics: What, Why, How, Who, and When

David Teten

I review a lot of board decks with a beautifully hand-crafted page with metrics for the company. Good metrics are comparable across industries; comparative ; readily understandable; and help drive decisions. Comparative means that you can compare a metric across time periods, groups of users, or competitors. Gross Profit.

Metrics 60
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Cracking The Code: Building Your SaaS Sales Compensation Plan

Cracking the Code

Cracking The Code. Thoughts from a Venture Capitalist on Software, Software-as-a-Service (SaaS), Cloud Computing, Internet and more. For SaaS companies, we found that MRR is the best metric on which to base sales commissions. Id appreciate any comments on how this would change as a base salary is added to the mix.

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Should Startups Focus on Profitability or Not?

Both Sides of the Table

If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. Fast early growth in a market is often eroded when competition gets fierce and prices are forced down due to competition. Not necessarily.

Startup 418
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15 Steps to Fundraising for Your New Venture Capital or Private Equity Fund

David Teten

The next best move is to build your core team, e.g., recruit an Advisory Board, Venture Partners, and EIRs. For ideas, see How Executives Can Work from Home with Private Equity and Venture Capital Funds. Set up a Data Room, with a filled-out Due Diligence Questionnaire (“DDQ”). Lastly, gather feedback.

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10 Things for Startups to Do in August While Everyone Else is on Vacation

This is going to be BIG.

First off, I couldn't actually afford to go anywhere on a startup salary. Most startups don't do nearly enough sales training, and even less review once someone is onboarded. Taking the time to review what's working and what's not is integral to making sure everyone on your team has the chance to be successful.