Entrepreneurs Need a Strong Locus of Control

Continuing with the idea that entrepreneurs need a killer instinct to succeed, there’s also another critical element: a strong locus of control. From Wikipedia: In personality psychology, locus of control refers to the extent to which individuals believe they can control events affecting them. How many times have we heard excuses as to why an entrepreneur didn’t…

Entrepreneurs with the Killer Instinct

Whenever I talk to successful entrepreneurs, I like to hear the origination story. Why did you start the company? What lessons have you learned along the way? Any near death experiences or crazy things you had to do to make it succeed? That last question is especially interesting in that it almost always reveals incredibly…

Comparing SaaS Startup Funding to Revenue

After last week’s post on 2015 Inc. 500 Software Companies, I wanted to dig in and see how funding for Software-as-a-Service (SaaS) startups compared to revenues. Here’s the data for the five fastest growing SaaS companies on the 2015 Inc. 500 list: Gainsight 2014 reported revenue: $5.6 million 2014 reported funding: $54.3 million Revenue as a…