I don’t like generalizing advice to startups but I’m about to do so here: If you have around 6 months left in cash, then your #1 priority is to raise more money or get to break-even. Some corollaries and related thoughts: If you have less than 6 months of runway, the first step is to …
Monthly Archives: September 2012
Why I Never Started My Own Company
My Dad started his own company. He is a first generation American, PhD in engineering and invented the first fully automated fortune cookie machine. He is an inventor. Other than watching sports (the apple doesn’t fall far from the tree), he enjoys nothing more than building stuff. He wanted to build things for other people. …
Your (Potential) Investor’s Business Model
“[O]ne thing I should tell you is that our approach is our approach, and we don’t even claim it’s the right approach.”-Jeff Bezos, 9/6/12, on Amazon’s business model Different investors have different business models. Everyone runs their business differently. I believe that this is important for founders to remember as they raise money. It sounds …
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