AngelBlog.net has a great checklist of items you should consider when starting a company. I included the first 20 steps and you can find the full list here (it’s long, 50+ steps), but its worth the read. I can say that with Pocket Tales, we covered many of these when we started, not because we planned to but because there was no way of getting around it. Some things are probably overkill (like the offsite planning retreat) but everything is still worth consideration.

Build a startup team (if it’s still just you, repeat …

This last video completes the three series post on projecting early stage capitalization and the effects a number of financing rounds has on an exit event.

EBITDA – Earnings before interest, taxes, depreciation, and amortization added back. EBITDA can be used to analyze and compare profitability between companies and industries because it eliminates the effects of financing and accounting decisions (i.e. varying levels of debt or mezzanine capital with varying structures or interest rates, capital expenditures, etc.).
EBITDA Multiple – sometimes also referred to as Enterprise Multiple, it is calculated as the …