Founders and Fundraising
Why Taking Funding Too Early Can Hurt You
“Equity is like jet fuel for a startup,” Gill, one of our investors, said to me one day. [Do you want to grow your business? Maybe i can help. Click here.] In our case, not only was early stage funding jet fuel, early stage funding was absolutely necessary. Why? Well, unless you have $20M-$30M lying around, it’s…
Read MoreHow Do You Start A Tech Company If You’re Not Technical?
I never considered myself a great engineer. I thought I was a good, maybe even clever, engineer, but not great. And that was when I actually still designing hardware. Then I went into general management, and my days as a practicing engineer were over. Even though I did get all my patents after I stopped…
Read MoreWhy You Should Pitch To Investors That Passed On You Before
“You’ve done everything you told us you were going to do,” the VC said. “Incredible execution,” his partner said. “We’re going to move forward very quickly on this,” the VC said. [Do you want to grow your business? Maybe I can help. Click here.] The story was much different the last time I met with…
Read MoreWhat Is It Like Raising Money From A Corporate Investor?
Let me give the perspective of someone that’s taken money from a corporate VC and pitched many more. In our particular case, the introduction to the strategic (corporate) came through one of our existing investors. He knew someone on the board of the company. That led to a meeting at our facility with the CEO.…
Read MoreHow Much Equity Should You Give A Cofounder You Are Paying?
There was a fellow we worked with early on as a consultant. We had worked together in the past, and I knew anything we got from Martin would be upside. He was consulting at the beginning. So I paid him as a consultant. Straight cash with no equity. [Do you want to grow your business? Maybe…
Read MoreWhy You Shouldn’t Figure Out How Much Money You Need To Raise
Many entrepreneurs try to figure out how much money they need to start their business. But it’s the wrong question for you to be asking. In today’s short video, I’ll explain what is the right question you should be asking before you start your business. The transcript for today’s video is below: So I see…
Read MoreHow Can Standup Comedy Improve Your Pitch?
Do you want to become a better communicator? Watch some standup comedy and you’ll see a master communicator at work. There’s one thing all great comedians do that you need to if you’re going to be successful pitching your business. Watch this short 3 minute video to learn this critical communications skill and how you…
Read MoreHow Long Should It Take Your Company To Get To Break Even?
In today’s world of “just grow baby, grow”, the break even point for startups can be all over the map. [Do you want to grow your business? Maybe I can help. Click here.] Maybe you get to break even at a run rate of $1M/year. Maybe, like Uber, you can have revenue in the billions…
Read MoreWho Should You Talk To About Your Problems As CEO?
Being a CEO is great; at least for me it was. The biggest challenge I had is a surprising one: Who do you talk to about your problems when you’re the CEO? It’s not as obvious as you might think. Watch this short, three-minute, video to get my take on who to talk to. Do…
Read MoreShould You Be Worried About The Economy Tanking As A Startup CEO?
The short answer is yes. Yes, you should be worried about the economy tanking. Do you want to grow your business? Maybe I can help. Click here. We’ve seen the stocks lose significant value over the past couple of days. Now, stock prices and the economy is not the same thing. The economy can keep…
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