Angel investor Hamid Rezepour speaks with Reena JadhavRead more...
Collin Wiel shares tips and predictions with Reena Jadhav
How refreshing to finally get a number on the new valuation metric - it's down 50%. So now we know. Collin Wiel, Partner at Keiretsu Forum San Francisco Chapter, shares with Reena Jadhav, CEO nuResume, his top tips for Survival and predictions for 2009.
Tip 1: Forget about building a sales team, the CEO or founder needs to sell. Conserve resources on sales team and focus on profitablity.
Tip 2: If you're in the market raising funding, tell a story around profitability being achieved from the current round being raised. No one's buying the story on "next round will take us to profitability."
Tip 3: If current strategy doesn't allow you to get profitable from this round then rethink your strategy and craft one that does get you to sustainability.
Prediction - 2009 will be the best year for investing - some incredible companies have been started in a downturn. Costs are low, rents are lower, great people are available, and there's fiscal conservatism in the DNA of companies born in a downturn.
So, go ahead, you've got your green light to build your venture. Just make sure you can see the money!
(Republished to highlight on newsroom homepage)
Support VatorNews by Donating
Read more from our "Survival 2010" series
John Matthesen shares why eight out of 10 fail to get fundedRead more...
Soaring Venture partner Steven Elefant says today's tough times are great for entrepreneursRead more...
Related Companies, Investors, and Entrepreneurs
Joined Vator on
HealthBootcamps is a platform for doctors to offer actionable affordable online health programs to 100 million Americans suffering from chronic disease.
Our health bootcamps are powered by Dr. Joel Kahn for heart health, Dr. Connealy for beating cancer, Dr. Vij for diabetes, Dr. Seibel for women's health and menopause, Dr. Comella for biohacking health and many more.
Joined Vator onReena Jadhav is a 4 time entrepreneur (Done.com, Conduit, JobFlash, Riiwards), now working on HealerPedia.com, start-up Advisor, and Investor with Valley incubators. Harvard MBA, Summa Cum Laude Wharton Business School.