Comments on: Why well funded startups waste money? http://alwaysnewmistakes.wordpress.com/2008/09/22/why-well-funded-startups-waste-money/ "Fortitudine Vincimus" - Rants and thoughts of an optimist mind Sun, 13 Sep 2009 19:27:36 +0000 http://wordpress.com/ hourly 1 By: Alex Barrera http://alwaysnewmistakes.wordpress.com/2008/09/22/why-well-funded-startups-waste-money/#comment-329 Alex Barrera Fri, 19 Dec 2008 12:40:20 +0000 http://alwaysnewmistakes.wordpress.com/?p=91#comment-329 Hi Katie, Wow yours looks like a very good example of what I'm talking about. I still don't get why the senior executives don't think of that money as theirs :( Maybe it's because they have no liability, in Europe if you goof badly because of mismanagement they'll go after you and your personal assets. Hi Katie,
Wow yours looks like a very good example of what I’m talking about.

I still don’t get why the senior executives don’t think of that money as theirs :( Maybe it’s because they have no liability, in Europe if you goof badly because of mismanagement they’ll go after you and your personal assets.

]]> By: Katie http://alwaysnewmistakes.wordpress.com/2008/09/22/why-well-funded-startups-waste-money/#comment-328 Katie Fri, 19 Dec 2008 12:14:23 +0000 http://alwaysnewmistakes.wordpress.com/?p=91#comment-328 I saw this firsthand. I once worked for a start-up company that just burned through money. An office downtown instead of in the suburbs, new furniture (granted, from Ikea), lots of traveling (and frequent last-minute changes), lots of going over cell minutes while the landline sat unused, a PR firm in New York City (instead of a local one)... it was just a mess. Unsurprisingly, they burned through their cash way too quickly - and then were scrambling to get more just as the economy tanked. I saw this firsthand. I once worked for a start-up company that just burned through money. An office downtown instead of in the suburbs, new furniture (granted, from Ikea), lots of traveling (and frequent last-minute changes), lots of going over cell minutes while the landline sat unused, a PR firm in New York City (instead of a local one)… it was just a mess. Unsurprisingly, they burned through their cash way too quickly – and then were scrambling to get more just as the economy tanked.

]]> By: El blog del piloto » Blog Archive » Recomiendo leer - semana 39 http://alwaysnewmistakes.wordpress.com/2008/09/22/why-well-funded-startups-waste-money/#comment-318 El blog del piloto » Blog Archive » Recomiendo leer - semana 39 Sat, 27 Sep 2008 11:27:59 +0000 http://alwaysnewmistakes.wordpress.com/?p=91#comment-318 [...] Blanco o Rodolfo Carpintier. Es el blog de Alex Barrera Always New Mistakes.  Su última entrada Why well funded startups waste money? me ha parecido muy interesante y que trata un tema que se ha comentado en muchas ocasiones sobre el [...] [...] Blanco o Rodolfo Carpintier. Es el blog de Alex Barrera Always New Mistakes.  Su última entrada Why well funded startups waste money? me ha parecido muy interesante y que trata un tema que se ha comentado en muchas ocasiones sobre el [...]

]]> By: Jason Dragon http://alwaysnewmistakes.wordpress.com/2008/09/22/why-well-funded-startups-waste-money/#comment-317 Jason Dragon Tue, 23 Sep 2008 12:45:18 +0000 http://alwaysnewmistakes.wordpress.com/?p=91#comment-317 Yes this is very true. I am a boot strapper, people are amazed at how much I can do with how little. There are so many things that you can do your self or simply do without until you really need them later. I started with 10k and kept reinvesting. A guy I know quit his corporate job and started a company much like mine, in less than 9 months he spent over 300k, and then he was out of business. He spent 20k on hard wood flooring alone for his showroom. I just bought carpet for mine. Jason Dragon http://blog.capitalactive.com/ Yes this is very true. I am a boot strapper, people are amazed at how much I can do with how little. There are so many things that you can do your self or simply do without until you really need them later.

I started with 10k and kept reinvesting. A guy I know quit his corporate job and started a company much like mine, in less than 9 months he spent over 300k, and then he was out of business. He spent 20k on hard wood flooring alone for his showroom. I just bought carpet for mine.

Jason Dragon
http://blog.capitalactive.com/

]]> By: MAPping Company Success http://alwaysnewmistakes.wordpress.com/2008/09/22/why-well-funded-startups-waste-money/#comment-316 MAPping Company Success Tue, 23 Sep 2008 11:38:31 +0000 http://alwaysnewmistakes.wordpress.com/?p=91#comment-316 [...] this should be doubly true for startups, but it often isn’t. Yes, your money is banked and if you’re VC funded, as opposed to angel or bootstrapping, [...] [...] this should be doubly true for startups, but it often isn’t. Yes, your money is banked and if you’re VC funded, as opposed to angel or bootstrapping, [...]

]]> By: ithaca real estate broker http://alwaysnewmistakes.wordpress.com/2008/09/22/why-well-funded-startups-waste-money/#comment-315 ithaca real estate broker Tue, 23 Sep 2008 04:35:24 +0000 http://alwaysnewmistakes.wordpress.com/?p=91#comment-315 It's true - especially today that a business must be streamlined and efficient to be successful. But image and the appearance of success has been the corporate way for a while now and that's what costs the big bucks. The times they are a changin'. It’s true – especially today that a business must be streamlined and efficient to be successful. But image and the appearance of success has been the corporate way for a while now and that’s what costs the big bucks. The times they are a changin’.

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