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How to Create Your Own Real-World MBA – II

http://www.fourhourworkweek.com/blog/2010/07/05/how-to-create-your-own-real-world-mba-part-ii/

by GVRV • 16 years ago

23 1 16 years ago

FO

fourhourworkweek.com

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sound• 16 years ago

I study the startup world and the most interesting I liked to know from this article is "If I were to found a tech start-up and aim for the fences (IPO or sale), I would do what several successful tech CEOs I know are doing right now: give 3-5 bad-ass advisors 1-2% each, depending on time required, and self-fund until you hit break-even or profitability. Then, go out to raise $500-750,000 from key angels who can open doors to potential acquirers and help you get to “scale”. “Scale”, in this context, meaning the point at which you can go big, as in millions of users or nationwide, with the simple addition of money: the costs and revenues of your customer acquisition are predictable. Money in = more money out."

Thanks Tim !!!

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