Survival 2010 - Valuations are down 50%, get profitable now!

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 ... [ Read more ]

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Vator TV | December 18, 2008

Tags:. .reena. .wiel. .valuations. .metric. .rethink