Let’s say you have a startup and you’re looking for funding. As part of the funding process, one – of many – things to discuss with be the current valuation of the venture. Perhaps you or an external source has pinned the current value of the business at $1 million dollars. Because you know that […]
Single Instance Sales Versus Recurring Revenue
Selling single-instance items is great. Let’s say you have a product that retails for $30 and you sell one per day. At the end of the first month you’ve sold about $900 ($30 x 30) worth of product. At the end of the first year you’ve sold $10,950 ($30 x 365). Not bad. Sell 10/day […]
Everyone Should Do A Startup Weekend
Well, maybe not EVERYONE but I do think that most people should participate in a Startup Weekend at some point in their lives. We had our first Startup Weekend here in Charleston this past weekend and it was a great turnout with some cool results. Just before the demo presentations yesterday I spent a little […]
Equity as a Solution for Wealth Inequality
I read an article on Fortune recently titled “An easier solution to wealth inequality?“. The article suggests “corporate profit-sharing, employee stock ownership, and stock option plans” as a way to help balance out some of this inequality. It also points out, rightfully so, that this plan isn’t without some challenges – perhaps the biggest being: If […]
How much do you need to save for retirement?
How much do I (you) need to save for retirement? It’s a tricky question, but a popular one. Let me share my thoughts on it for a moment. In my mind, an ideal “retirement” situation (and/or even an ideal target “wealth” situation) would be for someone to have enough investments that generate enough returns to […]