Short post today from a portfolio company of ours and how they describe their culture and mission. I love it and thought it was a good way to end the week. We all move forward, together We understand that work is an integral part of a challenging life journey. Embracing our journey together enhances everyone’s experience and growth. Practicing empathy, as well as earning and maintaining the respect of our coworkers, are the core principles from which we all move forward together. Our attitude shapes our experience We affirm attitude is contagious. We are mindful that cultivating a positive attitude fosters a fun and energetic environment where we can all deliver our best results. Our quest for improvement is never-ending We…
When is your start-up no longer a start-up?
A few days ago I received an email asking me if I had a “rule of thumb for determining when a start-up can no longer be considered a start-up”. The sender proposed a few potential answers but I thought this one might be a good one to put out there for feedback from readers. His suggestions were: *Two consecutive quarters of positive free cash flow?*Drop pooled benefits company like Administaff for in-house benefits administration?*Anything > C round, seeking to lever w/ mezz debt or file S-1?*Name of company becomes a verb in our lexicon?*Receive gov’t stimulus funding?*Oprah uses your product? For a long time I’ve asked entrepreneurs at what point their company no longer felt like it was a start-up….