As founder, I pretended that giving up equity wasn’t the same as selling part of my company, but it really is. Here’s my experience.
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
How do you give up equity in your software startup? Should you do it? And if so, how much? Consider the outcome of these options.
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 a few approaches to valuation and taking on an investment
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. There are many ways to learn: You can figure things out on your own by making mistakes You can learn by watching your peers make mistakes OR
Let’s go through the thought process to decide if you should bootstrap your software startup. What is bootstrapping? Bootstrapping in the business world is the practice of starting your business without any external capital (money). The business is forced to operate with very minimal expenses and uses its own revenue to grow. How much money do I need for a
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
I was interviewed by Austin Peek of Millionaire Interviews in February 2018. The podcast is now live and you can listen to it here. In the podcast, we walk through my story of starting and growing Thycotic from a services business into a cybersecurity product company. Thycotic did over $21m in revenue in 2016. In 2020, Thycotic has over 400
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
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) At my company we really tried to avoid the bullshit “mission statement” stuff. We found our personality based on being a team of software engineers (we did very