rsummer

Fractional CxO | | Executive Coach | ex-Morningstar, ex-UBS Brinson, ex 2 U.S. and 1 Canadian startup | Runner

[rsummer @rsummer]

If you are a running an early stage software startup, I would advise you to choose something other than Quickbooks #Quickbooks, because you are taking on risk that you can't bill customers. And they don't actually create "backups" that you can restore from.

[rsummer @rsummer]

AI

[rsummer @rsummer]

Yep!

[Christopher Deutsch @Chris_Deutsch]

Seed Raise Math Question:

“From a founder’s perspective, how many months from your company’s out-of-cash date should you allow to raise a seed round?”

Read on for my answer and @OpenAI’s #ChatGPT’s answer…

(Spoiler: very similar timeframes but lots of nuance)

1/12

[rsummer @rsummer]

Something I've been thinking about : Your Revenue Target ≠ Your Goals https://t.co/CQ52miX4XF

[rsummer @rsummer]

Something I've been thinking about : Forecasting: To Predict the Future, You Have to Understand your Past https://t.co/2TPziPagYg

[rsummer @rsummer]

Updated Post: Tech debt is one of the most challenging liabilities to manage. Period. https://t.co/hqCffTHBSO

[rsummer @rsummer]

Something I've been thinking about : Tech debt is one of the most challenging liabilities to manage. Period. https://t.co/hqCffTHBSO

[rsummer @rsummer]

@christine_benz Never. Consistently wise is a good path.

[rsummer @rsummer]

Updated Post: When Is The Last Time You Changed Your LTV Assumption? https://t.co/IrpyjtNlX1

[rsummer @rsummer]

Something I've been thinking about : When Is The Last Time You Changed Your LTV Assumption? https://t.co/IrpyjtNlX1

[rsummer @rsummer]

Something I've been thinking about : How Clean Is Your Data? https://t.co/1N3cfhtwjY

[rsummer @rsummer]

Something I've been thinking about : Remember the Annual Financial and Operating Plan You Finished Last Quarter? https://t.co/y0EjhX2Vsi

[rsummer @rsummer]

Updated Post: How (and why) to Care About Gross Margins for Your SaaS Business https://t.co/h2OTfDYuEn

[rsummer @rsummer]

@vijayasankarv @Kellblog And/or "dual track" means their preferred track vs. yours. Any guess which one seems more palatable towards the end of the process?

[rsummer @rsummer]

@OnlyCFO Even with on-prem software, that was a constant criticism. S&M costs have always been high. Not sure why it would be different now.

[rsummer @rsummer]

@jjen_abel Also, growth as a tile kinda sucks too -- because the others DON'T have the title. "Yes, I work for rocketship company Y but I'm not responsible for growth. That's her job."

[rsummer @rsummer]

@jjen_abel I've been around long enough to remember when "business development" used to mean "non-quota'd salesperson." I still have a quick 'yuk' moment to the BD title.

[rsummer @rsummer]

@christine_benz I suppose. At least my clients know I'm spending my day thinking about them . . . and not my portfolio. You really do set the standard though.