by Mike Goodrich | Mar 19, 2021 | 2021, Business Lessons, Entrepreneurialism, Founders, Small and Medium-Sized Businesses, Start-Ups
Part Two of Three: The Five-Year Pro Forma[1] Read Part One: Valuation here Budgets are crucial — and usually provided to investors — for even the most nascent start-up. Even if no revenue is expected within the first year, money is still needed to run the...
by Mike Goodrich | Feb 26, 2021 | 2021, Business Lessons, Entrepreneurialism, Financing, Small and Medium-Sized Businesses, Start-Ups, Valuation
Part One of Three: Valuation[1] The question of how one should value an early-stage company is often asked, but usually has no good answers. If the opportunity is large enough (which is the goal with venture capital), a thorough valuation is perceived as irrelevant....
by Mike Goodrich | Aug 4, 2020 | 2020, COVID-19, Financing, Small and Medium-Sized Businesses, Start-Ups
Undoubtedly, COVID-19 has devastated the American economy. On July 29th, the Federal Reserve decided to hold interest rates steady in response to a lack of economic growth. While there has been some recent improvement, the Federal Reserve stated that current economic...
by Mike Goodrich | May 1, 2020 | 2020, Business Lessons, COVID-19, Entrepreneurialism, Financing, Start-Ups
Pre-COVID-19, I told someone that I did not like SAFEs and convertible notes. I wish I could find that person now; I would assume a little more credence. Regardless, for what it’s worth, I didn’t like convertible debt or SAFEs before COVID-19. Now, I really...
