QUESTION:
I am looking to start a company to develop a technology to be used online — but I’m not a tech whiz. My education and experience are on the business side. Hence, I don’t have the first idea what type of talent I’m looking to partner with.
ANSWER:
QUESTION:
I have a startup that’s about 1 year old, and just starting to bring in revenue. I have a new, credit-worthy customer that I’ll be invoicing regularly about $20-30K per month, but will probably take 45 to 60 days to pay. In the past, I’ve setup A/R (accounts receivable) financing for my companies. What can I expect in terms of fees and percentage rates in the current climate, and for a company in our stage? I’ve heard about firms charging as much as 3.5% to 4% of the invoice amount for 30 days! That’s a LOT more than I paid in the past. Finally, any recommendations for A/R financing companies or factors?
ANSWER:
QUESTION:
When organizing a charity fashion show, would it be ethical for the designer/organizer to profit from pre-orders generated by the show?
ANSWER:
QUESTION:
My name is Hunter, and I am a 29 year old Washingtonian. My profession is multimedia producer for a firm that services the entertainment business. I would like to return to school to get another degree so that I can move toward achieving my dream, which is to launch an educational game software business. What skill sets are most important when starting an educational games company and what would you recommend I study? Thank you , and this is a wonderful site — Hunter
ANSWER:
Stacia Abner
Michael Sullivan
Advisor
Michael Sullivan focuses on the representation of emerging growth companies and their investors, from pre-incorporation counseling to general corporate representation, through angel and venture capital financings, to M&A and IPO liquidity events and public company representation. He has broad experience representing private and public companies and their investors and underwriters in a variety of transactions.
Bipul Sinha
Bipul Sinha is a Principal at Lightspeed and focuses primarily on Internet and software sectors, with a particular interest in advertising technology, social media, digital media and software infrastructure. He has over fourteen years of operations and technology investment experience.
Previously, Bipul worked at Blumberg Capital where he led investments in digital media, Internet and datacenter software infrastructure sectors. His selected investments include DoubleVerify, Nutanix, ZipZapPlay, Mertado, Hootsuite and CarWoo. Prior to venture capital, Bipul was with Banc of America Technology Investment Banking Group where he worked on M&A and equity financing transactions.
Larry Marcus
Larry’s focus is consumer services and digital media.
Larry has been a Director at Pandora since early 2004 when Walden lead the “rebirth round” to focus the company on launching a consumer-facing service.
QUESTION:
My partner and I recently started up a retail store. Within a two mile radius, we have two competitors who have been in the area for over 15 years. We have had great success so far in the first seven months. Recently, we heard that one of our competitors is trying to sell his business. We have no doubt taken much of his business. My question is whether we should buy him out to shutdown his store and gain his customers? Or, should we just wait for him to go out of business? There is always a chance that someone may actually buy him out and ramp up his store to become more of a competitor for us. We have seen his financials, and he is showing growth from last year’s numbers, which we find very hard to believe considering we are doing close to the exact same revenue. He is in poor health and wants to retire ASAP.
ANSWER:
QUESTION:
Who can or should you trust? I have an idea that excites me: one that seems to have meat on the bone and I’ll need a great team to act on. But I’m having a hard time finding the balance of whom I can trust to tell this idea to. Some people are evangelists and rally incredible support for their visions. Others hold their cards close to their chests. I want to tell everyone, but don’t want someone to take it and run.
ANSWER:
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