Bootstrapping vs. Raising Funding Based on our first 5,000 users who created financial projections using ProjectionHub, we have a pretty good sampling to determine what percentage of startups bootstrap vs. raise funding. Percentage of Startups that Have a Loan – 40% Percentage of Startups that Have an Investment – 38% Percentage of Startups that Have […]
A couple weeks ago we released our new Salaries Module on our financial projection app – ProjectionHub so I thought I would share some stats about the first 200 salaried positions at startups. Although not all of our users are startups, I sorted the data to only include startup salaried positions. Here is what I found: […]
In this video we describe one of the more confusing sections of the financial projection process, how do you calculate your startup costs and startup funding sources? This video walks you through the process step by step.
Approximately 75% of our users at ProjectionHub are startups, so we wanted to take a closer look at our startups and see if we could learn anything that would be helpful for other startups. Here are 5 interesting stats that we uncovered. 1. Only 16% of Business Owners are Taking a Paycheck from the Company in […]
I thought this was a solid explanation of how to fund a startup. Not comprehensive in scope, but it does give a solid outline. Check it out:
Seems relatively easy to start a social network doesn’t it? Get a bunch of users on your network and then slap some ads up on the site and let the profits roll in right? I mean that is what Facebook did right? I recently read an article by Lili Balfour published on the Huffington Post […]
Every week I meet with hopeful entrepreneurs who have an idea to start a business, and come to me seeking funding through the SBA Microloan Program that I manage. Lately I have been noticing some trends with many of our potential borrowers. They are not ready to start a business because they have not taken […]
Cash is always tight for a startup, but things will be particularly tight during the pre-revenue phase of your business. Many startups have a period of several months before they make their first sale. You might need to spend time developing your product or service, renovating your storefront, or building a team of employees before […]