Let customers and cashflow fund the business instead of debt or investors, and treat venture money as a rare tool to use with caution rather than a goal.
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For those of you who haven’t yet heard of FON, they are a very cool Spanish WIFI startup, who aim to make their Wifi network ubiquitous throughout the world. So how have they taken up the challenge of the worlds telecoms companies? Well they’ve created what they call a social router. This is basically a Wifi Access …
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Great news for people wishing to startup in an agile way and possibly seek funding later. Feld Thoughts has discovered new Delaware legislation making it easy to convert an out of state LLC to a Delaware Inc. Delaware Inc’s are the prefered corporate structure of VC’s and wall street alike. The second innovation allows …
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Sorry to bore you with more VC related writing. Shel Israel has a chat with Jeff Clavier about Web 2.0 disrupting VC’s . It is a pretty interesting read even if you haven’t got any plans of going the VC route. Jeff’s views on what will happen with the current Web 2.0 start-ups is interesting: A small number of …
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Jeff Cornwall who I do respect writes in his article Short-cut to Trouble. It is about the importance of revenue forecasting. (Via Ken ) Accurate revenue forecasting is one of the single most important steps an entrepreneur takes in planning for a new venture. And yet, we find that most entrepreneurs do not spend …
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John over at Daring Fireball has an interesting piece called The Life, where he talks about the economic realities of being a successfull one man ISV in the Mac world. It is based around the NewsGator’s recent purchase of Ranchero Software, which apparently has caused a bit of frustration amongst Ranchero Software …
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So I ended up quitting my nine to five job. In Denmark you have to give 30 days notice to the end of a calendar month, so I actually did it a couple of weeks ago, but I couldn’t write about until today for various reasons. It became more and more difficult to do what I wanted to do next to a steady job, so it was time …
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Focusing on a large long term abstract revenue goal makes you loose focus and morale. Instead focus on building the first $50K of revenue. Just saw this by Wil Schroter, The First 50 Plan via Ken. The problem with trying to think in terms of “how do we get to $10 billion in revenue in 2050” is that you lose sight of …
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Excellent advise today from David Cowan: ” The Best Startup Advice I Have”:http://whohastimeforthis.blogspot.com/2005/09/best-startup-advice-i-have.html which is about the Sales Learning Curve as defined by Mark Leslie the founder of Veritas. In a nutshell as far as I understand it you need to expect a certain learning …
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Just saw this article by Greg Gianforte from RightNow in SiliconValleyWatcher (via Ken’s Meme Deflector) that states that Most startups should avoid venture funding . It outlines even further great reasons to bootstrap. Here are some of my favorite from the list: If you start by selling your concept to potential …
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Nowadays businesses are moving all over the world to be flexible and cut costs. I am guessing that many small startups don’t think about this step. Chances are that you have had a fairly successfull career or a series of jobs, that have required that you live and work in a high cost area such as London, Boston, Bay …
