First rule of selling a majority stake in your company: don’t get in the way! If you’ve followed our blog posts, you may have already read about how to value your startup and how to give up some equity for bigger growth. Now let’s talk about what happens after you’ve sold a majority stake in your company.
LA-based startup Barpay secures $300k in early funding and strategic partnership with LogicBoost Labs Seed and early stage investing is down in LA but Barpay is ready for when bars re-open Los Angeles, CA – April 22, 2020: Seed and early stage startup investments, which typically represent sentiment with riskier investors, have plummeted in Los Angeles in recent weeks coinciding with...
There are times in the life of your software startup where you will have to think about giving up some equity. It might be when you first consider getting funding or it could be taking money off the table, selling part of your company and getting a strategic partner.
Maybe you are fund raising or considering selling a portion of your startup to an investor. Either way you need to value your startup to figure out a fair price for the equity being sold and money being added to the business or being taken out by you.
There are so many business books out there and you have limited learning time with your startup. It is hard to know where to begin but learning is absolutely essential to your journey.
Let’s go through the thought process to decide if you should bootstrap your software startup.
Common advice given to founders is to be the sales person in their startup and only hire sales people later. This makes some sense as the founder is usually the best person to sell the startup’s product/service. This is because they are passionate about the problem area and really understand the industry. This makes them one of the most effective people to close deals later in the company’s...
I was interviewed by Austin Peek of Millionaire Interviews in February 2018. The podcast is now live and you can listen to it here.
Startups should focus on specific customer pains and provide a solution to solve those customer pains. Customer pains should be things that the customer is prepared to pay money to solve. This is advice for product management, marketing, demos, business strategy and even sales. In fact, this is something that should be engrained into all parts of your business. The customer is not buying...
One of the best presentations I have seen about building company culture is from Mikey Trafton – this video is definitely worth watching! (it is near the bottom of the linked page)
The Boost: Startup Advice
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