Comments for Jeff Magnusson

Comment on De-Risking Risk Capital: A Lightweight Angel Fund by Jeff

Jeff — Wed, 10 Nov 2010 21:58:45 +0000

“Win money” might be more like it but there’s some expectations involved Risk Capital keeps sounding more appropriate. I agree with the secondary effect, but my point is that no investor will make risky decisions on the basis of providing secondary benefits to society should their ventures fail. We need a structure like this to generate the secondary effects while ensuring investor security and return. We can’t just say that we need more capital flowing, we must make it attractive to potential investors.

Comment on De-Risking Risk Capital: A Lightweight Angel Fund by Boris Mann

Boris Mann — Wed, 10 Nov 2010 20:59:06 +0000

Awesome. I kind of knew that “fail money” would really raise some hackles. You can call it “win money” if you like!

There is the secondary effect of, no matter if people succeed or fail, we are creating more experienced entrepreneurs.

Comment on A Startup Accelerator Business Plan by Danny Robinson

Danny Robinson — Wed, 10 Nov 2010 20:32:04 +0000

Great stuff and thanks for posting! Just a footnote: Bootup Labs never intended to raise an annual fund either, but as you mentioned, and despite some of our success, funding accelerators from Angels is major a challenge.

Angels want to fund the companies coming out of Bootup
VCs can’t fund other funds
LPs need to place more money than we could reasonably invest
Government insists that we are a non-profit.

Bootup Labs is currently working through a model that will help it work with these conditions.

Comment on A Startup Accelerator Business Plan by Jeff Magnusson » De-Risking Risk Capital: A Lightweight Angel Fund

Jeff Magnusson » De-Risking Risk Capital: A Lightweight Angel Fund — Wed, 10 Nov 2010 19:59:33 +0000

[...] I talk about this quite a lot in my MBA thesis, which is a startup business plan (posted on this blog earlier today). [...]

Comment on Agile Budgeting For Startups – Cash is King by Jeff

Jeff — Wed, 01 Sep 2010 20:28:32 +0000

My thoughts on that is that a budget is a target of what you will work to hit. Either minimums (revenue) or maximums (costs). A forecast on the other hand, is a prediction of that you expect to happen. For a startup there can be value in a budget, because it forces you to think about how much revenue you need and what your costs are and how they might be reduced. More value in my experience comes from an accurate, real-time picture of what WILL happen in the next two months, so that you can make informed decisions.

Comment on Agile Budgeting For Startups – Cash is King by Aristotle

Aristotle — Sat, 28 Aug 2010 17:44:26 +0000

What’s the difference between a forecast and a budget?

Comment on Agile Budgeting – Followup by Jeff Magnusson » Agile Budgeting For Startups – Cash is King

Jeff Magnusson » Agile Budgeting For Startups – Cash is King — Tue, 08 Jun 2010 00:05:15 +0000

[...] I’ve posted some followup comments and resources here: Agile Budgeting Followup Categories: Lean Startup Tags: agile, budget, cashflow, process, startup Comments (6) [...]

Comment on Agile Budgeting For Startups – Cash is King by Jeff Magnusson » Agile Budgeting – Followup

Jeff Magnusson » Agile Budgeting – Followup — Mon, 07 Jun 2010 23:30:47 +0000

[...] Here’s a few more resources that have surfaced since my post on Agile Budgeting / Startup Cash Flow Management: [...]

Comment on Agile Budgeting For Startups – Cash is King by Jeff

Jeff — Sun, 23 May 2010 19:47:11 +0000

Thanks Geof, I’ll check it out. Looks like it has similarities!

Comment on Agile Budgeting For Startups – Cash is King by Geof Harries

Geof Harries — Fri, 21 May 2010 13:55:58 +0000

Great explanation and background. As far as process goes, I used to maintain our own Excel spreadsheet, but switched to Pulse a couple of years ago. It has nearly all of the features and functionality as above, but instead is wrapped up in a sweet visual/interaction package.