daily | cashflow

In Pitching Your Business, Take Every ‘No’ As a ‘Not Now,’ Says This Founder

Photo by RhondaK Native Florida Folk Artist on Unsplash Absolut Art CEO Nahema Mehta turned her rent-to-own art startup into a profitable reality thanks to sheer persistence. Mehta would build a passionate consumer base and network of galleries — enough to leave her Wall Street job and eventually catch the attention of Absolut, which was looking to launch […]

How to Start a Business With (Almost) No Money

Don’t overlook three options you have when starting on a shoestring. You’re excited to start a business. Maybe you have an idea, or you’re just fascinated with the idea of launching and growing your own enterprise. You’re willing to take some risks, like leaving your current job or going without personal revenue for a while. […]

4 Money-Management Tips To Help You Bootstrap Your Business

My co-founder Dan Foley and I bootstrapped Tailored Ink back in August 2015. We spent a combined $1,000 to get it off the ground and kept our costs low. Flash-forward to today, two years later, and we’re swiftly closing in on the $1 million mark. We still haven’t maxed-out our credit cards or applied for a […]

The 2018 Planning Guide for Seed-Stage Startups

Photo by Fabian Blank on Unsplash Seed-stage companies, on the other hand, often don’t do much year-end planning because they feel fairly capital-constrained and focused on shorter-term milestones. While I agree seed-stage founders shouldn’t get too in-the-weeds of yearly budget and hiring planning, I do think they should use the end of the year as an opportunity to […]

Yes, I’d Like $100,000, but What the Heck is a SAFE Note?

Photo by Alex Jones on Unsplash Sputnik ATX co-founder Josef Merrill quoted below: Yes, I’d Like $100,000, but What the Heck is a SAFE Note? “There are two problems with early stage investing: telling how much a company is worth when truthfully, it is still worthless; and helping early-stage companies protect themselves from over dilution when they are, […]

What Signs Tell A VC That You’re An Amateur?

Photo by MARK ADRIANE on Unsplash What tells a VC that you are an amateur? originally appeared on Quora – the place to gain and share knowledge, empowering people to learn from others and better understand the world. Answer by Jason M. Lemkin, CEO/co-founder of EchoSign, on Quora: Being an amateur is OK, even endearing — if it’s authentic. But here are some things that […]

BOOTSTRAPPING: 12 Tested Ways to Generate Cash Without a Product Yet

Studies show that running out of cash is the most recurring reason why startups die. I experienced that [ran out of cash] and I don’t want it to happen again. It’s, well, very frustrating! I did some research and found several ways to bootstrap a business. Source: BOOTSTRAPPING: 12 Tested Ways to Generate Cash Without […]

How To Choose The Best High-Risk Credit Card Gateway For Your Business

Photo by Meriç Dağlı on Unsplash A high-risk business is one that is considered to operate in a high-risk industry or one with a high risk of financial failure. Such business includes online gambling business, online dating, CBD business, medical marijuana business, online pharmacies and drugs stores and many others. Source: How To Choose The Best High-Risk Credit […]

Are ICOs The New Startup Lifeblood?

“An ICO is a virtual coin or token that is sold to investors in an effort to raise capital for a new company.” Depending on the terms of the ICO, the token sold to an investor can represent either an investment security, or a form of currency within a company’s application. And while it might […]

3 Reasons Why Startups Should Sometimes Decline VC Money

Is there such thing as taking bad money when working with venture capitalists? Oh geez yes. Venture capitalists are humans who work in their venture capital firm which is really just a business. Some humans are awesome. Some businesses are awesome. Some humans and businesses are not so awesome. Things that make a VC’s money […]

5 things VC firms wish entrepreneurs knew about that first meeting

Photo by Bernard Hermant on Unsplash Over the course of 30 years as a General Partner at Highland Capital Partners, I’ve had the privilege of attending more than 5,000 introductory meetings with startups. Based on that experience, here are five tips to help founding teams prepare for their first big meeting with venture capital firms. Source: 5 things […]

Loco Motive

Photo by Vitaly Rubtsov on Unsplash Entrepreneurs often wonder what it takes to get VCs to fund their companies, and the answer is that — most of the time — we must believe you will succeed without us. Part of the thought process is that if an entrepreneur “can do all this without my money and help, just imagine what can be […]