We’ve had a few new potential clients wonder how our CXO assistance would fit into their firm. Not that they doubted we could provide excellent Chief Financial, Chief Executive, or Chief Research Officer capabilities, but how we could interface with their folks and improve their operations long-term.
Tag Archives: startup
StartUp. ScaleUp. SpreadOut.
Most of you know that we work with a variety of firms.
Startup Capital
So, all these new companies that have been started- from where did they obtain their initial capital?
When YOU are the Venture Capitalist
I’ve spoken many times about the changes coming to venture funding companies. But, the point of view I’ve presented has always been from the entrepreneur’s side.
A fifth way?
Over the years, we’ve considered raising money from VC, going public, or simply bootstrapping. To be honest, the most frequent process we’ve started new companies has been bootstrapping. In so doing, we maintained total control of the firms. And, when we finally exceeded our ability to grow the firm (or in more than a few cases, proved our concept and no longer had the desire to run the firm), we’ve sold the entity to others.
It’s Legal!!!!!
Way back when, we helped several clients raise funds from “accredited investors” using SCOR (Small Company Offering Registration) programs. (These were often called U-7s, since that is the form that is employed for the offering.) This limited the capital raised to $ 1KK, but often provided just what they needed to “capitalize” on their markets. And, in at least two of the cases, provided the investors magnificent returns when they were acquired. (The other companies still provided a return to their investors, but more along the lines of a 10 to 14% gain.)
Startup Costs?
So, you’ve decided. You ARE going to start your new business. You are on your way to hiring folks, offering your services and products. Exciting times.
You think you can?
So, here I was sitting in my favorite coffee shop (St. Elmo’s, of course), when one of my frequent visiting friends joined my table. He is considering a new venture, developing his business concept and plans, and was hoping I would help him make his dream a reality. What an honor!
Quoth the raven: Nevermore…
I recall that wonderful poem by Edgar Allen Poe well. It was probably the first poem that piqued my fancy. (Oh, sure, Annabelle Lee almost came close- but then I was introduced to the sublime e.e. cummings…) But, I digress.
Solopreneur Systems
Yesterday, I wrote about cash flow. And, that it’s the lifeblood of a business. And, if you’re a solopreneur- it’s pretty much the only thing which fuels your business.