Posted by Anonymous on 2008-12-04
Tags: Operations Crisis Burn Rate
I'm fundraising right now and it is absolutely brutal. I want to to tell all entrepreneurs, "Fight through this. You can raise capital." But that isn't true. You may not be able to raise capital until 2010 no matter how good your product or company is. It is not a reflection of you, just the external factors that are largely out of your control.
Survive until 2010 and position your company to take off as the next economic cycle does. These things always come back. While it is bad now, it will eventually get better. The Wall Street guys will get tired of losing money and companies will start hiring again.
I hope I am wrong. (Boy, do I hope I'm wrong.) Maybe Obama will follow through on his plan to eliminate capital gains tax on investments to startups. That would help us immensely. But I have heard nothing about that since it was mentioned during the campaign.PRIVATE: Members Only
Posted by Anonymous on 2008-11-29
Tags: Operations Model Advertising
Posted by RichieBlueEyes on 2008-03-05
Tags: Operations Board
You should always be in control of your own board. There is a simple way to do this, stack your board with people that are beyond reproach that are in your corner. Yes, you need to be well connected to pull this off but if do, you could end up with at least an even say on the board. Most entrepreneurs get board members from referrals, I say, get your friends! Don't get 100 board members, just a few that no one can tell you to get rid of...After-all you just gave them free stock...so they'll probably back you at least for the first year. However, don't get rubber stamp people that won't do anything. Make sure to get people that actually will be active.PRIVATE: Members Only (149 Characters)
Posted by Anonymous on 2009-10-15
Tags: Operations Bootstrapping Obstacles
Posted by Anonymous on 2009-09-02
Posted by Anonymous on 2009-01-23
Tags: Operations Compensation Board
Posted by fnazeeri on 2008-10-27
Tags: Operations Crisis
It's pretty rare that during a crash and recession there are employees and managers with recent experience on how to handle the situation. Well, the "good news" with the Great Depression 2.0 is that a whole bunch of us have relatively fresh experience. Last time the financial grenade went off in our lap. This time, we're collateral damage, which means it should be less painful assuming similar size crashes (which is looking less and less like a valid assumption).
In any event, here are some lessons I learned from the last time through this mess:
Posted by Anonymous on 2008-01-12
Tags: Operations Hiring CEO
Posted by Anonymous on 2010-09-08
Tags: Operations Article
Posted by Anonymous on 2010-09-01
Tags: Operations Pre Money Valuation
Posted by Anonymous on 2009-11-24
Tags: Operations CEO Telecommuting
Posted by Anonymous on 2009-08-23
Tags: Operations CEO Coaching
Posted by Anonymous on 2009-06-18
Posted by Anonymous on 2009-06-03
Tags: Operations Developers
Posted by Anonymous on 2009-04-22
Tags: Operations Marketing
Posted by Anonymous on 2009-04-24
Tags: Operations Compensation
Posted by Anonymous on 2009-02-04
Tags: Operations Incubators
Posted by Anonymous on 2009-01-07
Tags: Operations Founders
Posted by Anonymous on 2008-12-08
Tags: Operations Bootstrapping
Posted by Anonymous on 2008-11-12
Tags: Operations Marketing
Posted by Anonymous on 2008-07-04
Tags: Operations Location
Posted by chimala on 2008-06-18
Tags: Operations Founders Equity
You probably heard of this concept - founders of VC funded startups contribute some of their stock to a 'fund' and thereby share the risk/reward. This kinda works like an insurance in case your startup goes to the dead pool.
The question is, as a startup entrepreneur, would you be in favor of such a proposal"PRIVATE: Members Only
Posted by RichieBlueEyes on 2007-12-16
This post isn't meant so much to learn about investors but is key to starting a company and attempting to not destroy your current relationships and your company in the process. Yes, I'm aware I'm posting this at 12:37AM on a Saturday night (I suppose I have no life so my advice here take as you wish :) ... well, in my defense my gf is sleeping beside me.
But most of us crazy entrepreneurs, myself included tend to get tunnel vision, tune out the world and forget about family and friends and hyper focus while we are in the honeymoon period with our idea (according to my GF, i'm in a relationship with my macbook more than with her - to be honest I'm not sure why she stuck by me during my last venture but that's a story for a beer, not here). So while in the honeymoon period, try to take 15 minutes a day out and kiss your gf, your wife, your mother, your dog, call a friend, LEAVE YOUR LAPTOP and go for a walk and attempt to have a semblance of a life. I'm still struggling with this issue myself but if you're a first time entrepreneur especially, make sure you have an outlet, a hobby, a hookup buddy, anything to leave your computer alone. No, a girl across the country on AIM doesn't count nor does poking random girls on facebook.
One great way to kill a company (and i've done this) is by being so focused on it, you can't see the writing on the walls where there are issues and they blow up when they didn't have too. Too much work hurts more than helps. Life is about balance.
With that said, i think all entrepreneurs (including myself) need shrinks. Now, I've been saying this for a while but I haven't gone to see one so I suppose it's far harder to do than suggest. I do need one, ya know, the frequent highs/low, tunnel vision, ADHD etc...
Maybe attached to term sheets should come a prescription for Ritalin and a weekly appointment with a shrink" (just kidding...or am i" :)
RichiePRIVATE: Members Only
Posted by HBRuby on 2007-08-30
Posted by Anonymous on 2007-04-05
Tags: Operations Board Meetings
So, I have wavered between "War and Peace" and the one page agenda for Board meetings. I stand somewhere in the middle. In my humble opinion, less is more, and here is what I recommend: (1) Agenda Page, (2) Minutes, (3) Dashboard, (4) Budget vs Actual, and (5) Business Discussion Points. Throw a cap table and financial back-up in a couple appendices (and make sure to update your cumulative dividends). Members, read on...PRIVATE: Members Only (569 Characters)