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Identifying Pain in the First Step in a Sales Process – Here’s How

Both Sides of the Table

In my first enterprise software company we developed a methodology for sales that we called PUCCKA. Having a methodology instead of just going on random sales visits helped force a bit of rigor and honesty amongst team members about how well or not we thought we were doing. ” It’s a reason a company would buy.

Sales 367
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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

But what IS the right amount of burn for a company? Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. Gross Burn vs. Net Burn.

Startup 383
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Honey Acquired By PayPal For $4 Billion

socalTECH

PayPal said the acquisition will help it in its efforts in digital commerce, and add an "extensive" set of consumer commerce capabilities to the company. Honey was founded in 2012 by George Ruan and Ryan Hudson. Honey now has approximately 17 million monthly active users.

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Startup Sales Lessons From TLC’s “Say Yes To The Dress”

InfoChachkie

If you have your eyes and ears open, you can discover sales lessons in unexpected places, including the cable TV show, Say Yes To The Dress. There are a number of solid sales techniques on display by the Say Yes team. Throughout the sales process, they continually probe and modify their sales approach, based on the bride's feedback.

Sales 251
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Vincente Capital Partners Sells Intellectual Technology, Inc.

socalTECH

Financial terms of the sale were not announced. Vincente Capital acquired ITI in November of 2012. Although it did not announce financial details, Vincente Capital said revenues at ITI increased approximately 3x, and EBITDA increased approximately 4x whie it owned the company. The company is 25 years old. READ MORE>>.

Capital 133
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MaintenanceNet Wins Panasonic

socalTECH

The firm, which develops software-as-a-service used by companies to automate warranty and maintenance contract management, reported another win this morning, with Panasonic. billion in service contracts for its customers last year. The firm hasn't given any actual financials, but did say it generated more than $2.3 READ MORE>>.

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ReachLocal Opens Three New Offices

socalTECH

ReachLocal said it has opened up direct local sales offices in Dusseldorf, Germany; Newcastle, Australia; and Columbus, Ohio. ReachLocal's local offices provide direct contact with its SMB customers, who use the firm for search engine marketing, web presence, display advertising, and other online marketing efforts.