You have one job as a CEO: don’t run out of money.
Being on top of your Financial Model and business budget can make the difference, and allow managers and founders to make game-changing decisions. The decision to delay a hire or a marketing campaign can get you over the edge, or save somebody’s job.
As your team grows, as your company grows- the weight of these decisions gets significantly higher, and a good financial model is the best way to make educated decisions most of the time.
Our company, Slidebean, is a venture-backed startup based in New York. In…
What do you get if you can have influencers and explicit pay-per-view content in the same place? Social media with paid nudes? Well, yes and no. A sponsorship site for adult-content creators? Yes and no.
What you get is OnlyFans, and people are still figuring out the morality around it.
This site is only four years old, and it grew wildly in 2020, now counting more than 90 million users and a million content creators. It is the latest disruption in the social media landscape, but also in the adult entertainment industry.
A younger version of me and a younger version of this Youtube channel started this series called Startup Funding Explained.
We went through a theoretical company’s story while analyzing how the cap table evolved through various rounds of funding. Make sure to watch Parts 1 through 3 if you want to get a grip on that.
But if you are only in for the good stuff, that’s OK. This article will analyze a few exit scenarios for that theoretical company and how much money everyone does, or does not make.
“Shit, this is a big problem,”
Jason Goldberg wrote in a letter to company executives. His unicorn had run away and was heading directly towards a cliff.
But he was no rookie. In fact, he was an accomplished entrepreneur. By 2013, when he sent the letter, his creations included Jobster, Socialmedian, and Fabulis, which eventually became Fab.com.
The e-commerce company was founded in 2011, and in two years, it had raised $336MM. But, by October 2013, they had already spent more than half of it.
Even after spending $200 MM, Fab.com hadn’t tested their business model and they didn’t…
The legend goes that Masayoshi Son wanted to fund the future’s ideas, so he created a $30 BN dollar fund. That’s right, $30 BN.
But just before he met with potential investors, he fiddled with the slides and changed the amount. The fund wouldn’t be $30 BN. It would be $100 BN.
The investors laughed out loud. He didn’t. “Life’s too short to think small”, he said.
“Life’s too short to think small”
And nothing about his journey to becoming one of the world’s most prominent billionaires has been small. His company, Softbank, is a giant in multiple industries…
Pre-Money vs. Post-Money business valuation is one of the weirdest terms you’ll have to deal with as you navigate your fundraising. It almost looks deliberately designed to confuse you and screw you.
But it’s not.
The reality is that both of these terms are important and used for different critical calculations your business needs to run.
Let’s get to it.
The first concept your business needs to grasp is how shares get issued. We are accustomed to thinking of company ownership as percentages. I’m giving 10% to this investor. The founders are keeping 30% each for themselves.
But what if…
Nothing lasts forever. Trends come and go, lockdowns as well. So, watching our friends drink themselves silly through a screen can get boring. That’s what happened to Houseparty.
In these past two years, the term party has taken a whole new meaning. But there was one that embodied partying for Gen Z users. And, for a while, it was huge.
Even before the lockdown, Houseparty had become a go-to social network for young users. And now, it’s gone. So, what happened to Houseparty? This article tells you all about it.
There was a buzz going around the 2015 South…
Smartwatches are here to stay, and the Apple Watch is the most popular. But the competition is tough, especially on the fitness side.
Every day, we hear that we should walk more, watch what we eat, and work out. So, some of us need to keep track. Fitness wearables exist as far back as 2003. But as more and more people got into exercise, competition has increased.
And, when it comes to fitness smartwatches, three brands have made a name for themselves. Apple, Fitbit, and Garmin have vastly different backgrounds, but they all want to be your fitness tracker…
Most of the startup stuff I do is pretty exciting: crunch through numbers, talk to customers, build new products, figure out marketing hacks! But this part of being a startup founder… sucks. Learning how to find investors was exhausting, time demanding, and it was emotionally draining because the truth is most of the time I got rejected.
But we have to do it, don’t we? It’s part of the job. The process is all about network, and this is the hierarchy that you want to follow:
The Apple Watch is now a mainstay in the wearable sector. But, did you know that its history is chaotic and fascinating? Read this article to find out more about this timekeeping icon.
Back in 2015, the Apple Watch was, according to many, a flop. The debate raged on: is it luxury or is it functional?
Sales hadn’t taken off, and the Swiss watch industry mocked it. But, now, the Apple Watch is the best-selling smartwatch globally, with around 55% market share.
Not only that, during 2020 and early 2021, it sold more units than the entire Swiss watch industry…