Discover and read the best of Twitter Threads about #entrepreneurs

Harsh Jain

@harshjain85

Having gone thru many rounds while creating an $8 Billion co (@dreamsportsHQ), thought I’d share some funding/dilution planning math for #founders #entrepreneurs to try to own 30% (yes!!!) of their company while creating more Indian 🦄s
Thread below 🧵

Startup:

Founders - 100%
ESOPs - 0%
Investors - 0%
Solve a large problem you're SUPER passionate about

Seed round 🔥
Raise $2M @ $8M pre, $10M post
Founders - 65%
ESOPs - 15% (newly created)
Investors - 20%
Valuation basis - Team (Founders) + TAM (Total Addressable Market)

Read 11 tweets

ithoughtplan

@ithoughtplan

Entrepreneurs, are you tired of paying hefty taxes?

Don't worry! We got you covered!

Check out these top tax-saving tips that can benefit your business and your bottom line. (1/n)

#entrepreneurs #taxes #taxsavings #taxtips

#1 Hire Family Members & Relatives:

You can reduce your tax liability by paying salaries to family members, which are tax-deductible. Their income may also be below the taxable threshold. (2/n)

#tax #taxexemption #taxliability

#2 Deduct Business Expenses for Travel & Accommodation:

Business travel expenses such as tickets and accommodation can be deducted from your taxable income, thus reducing your tax liability.
(3/n)

#taxliability #businessexpenses #deductions

Read 14 tweets

Tymofiy Mylovanov

@Mylovanov

Did you know over 30% of Ukraine is contaminated with landmines and unexploded ordinance (UXO)? It's time to tackle this problem head-on. Join us for a conversation on innovation in humanitarian demining efforts. #landmines #demining #humanitarianaid

We need to transform the demining process to bring it into the 21st century. Join us for a discussion on leveraging AI and robotics to reduce costs, speed up mine clearing, and make the world a safer place. #AI #demining #21stcentury

Today's demining solutions are expensive, slow, inefficient, and dangerous. That's why we need to bring entrepreneurs, donors, AI and robotic experts, research scientists, and other key stakeholders together to focus on the mission. #entrepreneurs #donors #demining

Read 5 tweets

The Better India

@thebetterindia

“Children in my village refused to go to school, citing distance as the reason", says Gursaurabh Singh

@dhruvvidyut

#StartUp #Entrepreneurs #Innovation #Sustainability #GoGreen #EcoFriendly #Haryana #SharkTankIndiaS2 #SharkTank

"When the pandemic broke out, I realised that being on foot restricts your world to just 4-5 Km maximum. This mobility issue inspired me to design the kit," he added, whose indigenous innovation can convert any bicycle into an #EV.

The kit, known as #DVECK, enhances the features of a bicycle or rickshaw by giving it a speed of 25 kph, a weight capacity of 170 kilograms, and a range of 40 kilometres per charge.

Read 5 tweets

Pnictogen Horses

@PnictogenHorses

more #cryptocurrency talk. it seems that there may be (another) #cryptocrash developing; there's been so many of them.

to reiterate my earlier point: the allure of #cryptocurrencies is instant #money in vast volumes, and that's why $BITC and @ETH have a million copycats.

(1/x)

https://twitter.com/PnictogenHorses/status/1620133293781041153

#cryptocurrency (and the related #blockchain money-making gewgaw, the #NFT) are in a sense nothing new. there have been untold millions of #investment scams and #business tricks and other shifty clever ways that at least *pretend* they can guarantee an effortless #profit.

(2/x)

this is an artifact of the extreme #wealth inequality encouraged by #capitalism: once you've got a bunch of elite capitalists *hoarding* all the #money, that means you've got big enough piles to *steal*. all get-rich-quick schemes are ultimately acts of disguised _theft_.

(3/x)

Read 25 tweets

Pnictogen Horses

@PnictogenHorses

so! let's talk about the #cryptocurrency phenomenon again. $BITC / @Bitcoin, $ETH / @ethereum, $USDT / @Tether_to, $BNB / @binance — there are a LOT of these #cryptocurrencies out there, maybe even millions of them. and that's a first clue about them and about #capitalism.

(1/x)

https://twitter.com/PnictogenHorses/status/1619826813668315136

it's gospel #capitalism that the activities of "the #markets"—capitalist propaganda i.e. #business and #finance and #investment #journalism, not to mention all the #science and #technology journalism that's chiefly #advertising for corporations—are supernaturally powerful.

(2/x)

the central lie is that "the markets" (i.e. the sum total of all monetary transactions by all money-seeking entities in #capitalism) are the best possible mechanism for fulfilling every conceivable human need.

if it's not "on the market", then you don't really need it.

(3/x)

Read 24 tweets

Pnictogen Horses

@PnictogenHorses

I am a #unicorn! you may believe that, or not.

my sense of self isn't dependent upon outsiders' scorn; in any case, I'm quite content to be regarded as a mere figment of a crazy person's imagination. that's little impediment to my life and purpose in the Pnictogen Wing.

(1/x)

I daresay that I'm unusually *practical* for a unicorn. my interests are mundane ones; I like science and engineering and working in shops and keeping things running as smoothly as possible, and while I'm no atheist or positivist, I leave magic and religion to others.

(2/x)

all the same—it's a painful thing, being a unicorn in a world that has attempted to *wipe out* creativity and mysticism and magic—a world that embraces cruelty and casual sneers at suffering and death. I may have been ethereal once; I am not, now.

(3/x)

Read 13 tweets

Matthias Smith, CEO - Pioneer Capital Advisory LLC

@SBA_Matthias

Common misconceptions about SBA loans:

📌 Misconception: You always have to pledge a lien on your house

➡️ Reality: The lien is only required if you have 25% or more equity in your house. 1/x

#sba #smb #acquisitions #entrepreneurs #independentsponsors

*Continued*

📌Misconception: When you're buying a business, your 10% down payment needs to be all cash

➡️ Reality: You have the ability to do 5% cash (based on the total uses of funds) if the seller holds 5% on Full Standby as a seller note. 2/x

📌 Misconception: Anyone in the ownership group has to personally guaranty the SBA loan

➡️ Reality: SBA's requirement is that any 20% or more owner of the business has to personally guaranty. 3/x

Read 4 tweets

Sunjoy KRG

@prosunjoyi

#India's #startup ecosystem raised $455 million across 24 deals last week (Jan.16-21,'23) with #fintech #unicorn PhonePe turning decacorn at $12 billion valuation.
#StartupIndia #DigitalIndia #VentureCapital #funding #Entrepreneurship #innovation #Motivation #prosunjoyi #Thread

#India's #startup ecosystem raised $126 million off 16 deals last week (Jan.23-28,'23) across #cybersecurity, #deeptech, #energy, #gaming, #logistics, #SaaS, etc. with total #funding for Jan.'23 crossing $1 billion. #StartupIndia #DigitalIndia #VentureCapital #inspiration #Thread

#India's #startup ecosystem raised $49 million off 12 deals last week (Jan.30-Feb.4,'23) across #EVs, #freight, #manufacturing, etc. #StartupIndia #DigitalIndia #VentureCapital #leadership #founders #Entrepreneurship #MondayMotivation #inspiration #innovation #prosunjoyi #Thread

Read 44 tweets

Matthias Smith, CEO - Pioneer Capital Advisory LLC

@SBA_Matthias

➡️ One casual observation from my trip in Costa Rica: there are entrepreneurs everywhere

➡️ At restaurants, waiters have side hustles doing sales to sign people up for local excursions

➡️ At the beach, it's an entrepreneur trying to sell you juice or a beer. 1/x

➡️ This is not a political post but is simply my own opinion: America should take note of the hustle in countries like Costa Rica

➡️ If you lose your job, instead of seeking unemployment or sitting and playing Xbox, start shoveling snow or mowing lawns. 2/x

➡️ There is a ton of opportunity out there, and there are many potential markets, services, and clients that need various things

➡️ Start hustling a bit more and complaining a bit less

➡️ If you aren't happy with your job, start a side hustle and turn it into your main hustle

Read 4 tweets

Pnictogen Horses

@PnictogenHorses

the last twenty or thirty years have seen a remarkable intellectual phenomenon: #computer technicians, people whose sole area of expertise is computer #programming and #software engineering and other related disciplines, have come to be regarded as "Renaissance Men".

(1/x)

the "#STEM Lord" is an artifact of this phenomenon. while "STEM" is supposed to comprise mathematics and engineering and mathematics, the typical "STEM Lord" is not well-versed in any of these things—the typical "STEM Lord" is in #computers. they are a *technician*.

(2/x)

that is to say, #computer professionals are people with *limited* educations, who are devoted solely to mastering the intricacies of a certain sort of machinery, namely the modern computer.

men like @fchollet, @JeffDean, @antoniogm, and @ID_AA_Carmack typify the class.

(3/x)

Read 17 tweets

The Better India

@thebetterindia

"One of the sharks asked me why I looked so happy. People with disabilities are portrayed as sad and depressed. My episode bust these stereotypes. ⁠
@AtypicalAdv

#Entrepreneurs #StartupIndia #InclusiveIndia #SharkTank

You might develop new stereotypes after watching that episode that people with disabilities are strong, opinionated, full of confidence, and with hard work, they can triumph over all adversities. ⁠

This story is about celebrating inclusion in a very true sense, says #VineetSaraiwala, who runs #AtypicalAdvantage -- which claims to be India’s largest #inclusive #employment platform for people with disabilities across India.⁠
⁠

Read 5 tweets

Matthias Smith, CEO - Pioneer Capital Advisory LLC

@SBA_Matthias

One of the most popular phrases that you will see on SMB Twitter is the "Silver Tsunami," alluding to the massive wave of retiring baby boomers selling their businesses over the coming years.

In this thread, I am going to cover how to capitalize on the Silver Tsunami 🌊 as a prospective entrepreneur or searcher that is looking to buy a business within the coming years.

1 - Attend the ETA Conferences

➡️ There are 3 large annual ETA conferences - Harvard, Chicago Booth / Kellogg, and the Southeastern ETA conference (UVA, Duke & UNC)

➡️ Each of these conferences is filled with searchers, service providers, investors, and lenders

Read 15 tweets

Matthias Smith, CEO - Pioneer Capital Advisory LLC

@SBA_Matthias

There were a lot of folks in this picture that I didn't get to meet.

If you spot yourself here, comment with your background, what brought you onto SMB Twitter, and what you're looking to do in the space in 2023 👇

#sba #smb #acquisitions #entrepreneurs

https://twitter.com/SBA_Matthias/status/1614749204471070721

I'll go first:

➡️ Introduced to SMB Twitter in the spring of 2022 by @SAOliver_Atty (thanks, Scott!)

➡️ Joined the space to share information about acquisition financing within the SBA space

➡️ Looking to help 30 entrepreneurs close business acquisitions this year

I tag @SMB_Attorney - you're next!

Read 4 tweets

The Better India

@thebetterindia

“While working at grassroots levels, I realised the huge gap in implementing government schemes. We have a lot of schemes, but they often don’t reach the bottom of the pyramid," says Aniket Deogar.
@haqdarshak

#Entrepreneurs #Startup #People #WomenEmpowerment #SharkTankIndia

He helps facilitate welfare schemes for people across the country while targeting their problems through his #social enterprise, #Haqdarshak.

The start-up appoints local women in villages who go door-to-door and help people apply for government schemes and file paperwork covering areas like education, housing, health, employment, small businesses and COVID-19-related benefits.

Read 4 tweets

The Better India

@thebetterindia

"The proliferation of many EVs in #Jaipur inspired us to start our venture,"says Nikhil Gunda and Meher Sai, who have launched #GearHeadMotors (GHM) that builds low-cost e-bikes that can charge in 45 minutes. @ev_ghm

#StartUp #Entrepreneurs #EV #GoGreen #Sustainable #EcoFriendly

“We made our own detachable battery box made of aluminium alloy. It’s anodised, which acts as a cooling paint. In Indian temperatures, when the battery heats up, the battery box absorbs and transmits the heat outside.

Our 5.8 Ah battery charges from 0 to 80% in 45 minutes with our 6 A fast charger."

Today, the startup manufactures #ebikes with 80% of the components developed in-house and has sold more than 100 units while raising an amount of 1 crore at #SharkTankIndia.

Read 4 tweets

Pnictogen Horses

@PnictogenHorses

this amusing image passed our way this morning; it's a rendered image (like most of @elonmusk's publicity materials) of that hideously low-polygon @Tesla truck that will probably never reach market.

I would like to offer a speculation as to why it looks so ugly.

~Mona

the hideousness of the $TSLA truck is baffling, even taking into account the mind-numbing effects of being in @elonmusk's quasi-religious faction. it's the sort of thing that makes you wonder: "didn't *anyone* of importance denounce this thing during the design process?"

~Mona

but that question should be the first clue: quite possibly there *was* no real design process. it's possible that @elonmusk really did "design" the appearance of the @Tesla truck the same way Homer Simpson "designed" his perfect car by idly scrawling on bits of paper.

~Mona

Read 25 tweets

Anuradha Goyal

@anuradhagoyal

Thread - My columns on #innovation #creativity #entrepreneurship at the intersection of #culture for The New Indian Express. Just putting them all at one place.

1 - Design to Drive the return of #tourism post pandemic
anuradhagoyal.com/design-drive-r…

#travel #design

2 - Vocal for Local needs a Global Push anuradhagoyal.com/vocal-for-loca…

#vocalforlocal #global #Sustainability

Read 15 tweets

Matthias Smith, CEO - Pioneer Capital Advisory LLC

@SBA_Matthias

*The Dallas Meet Ups - a post*

After having my inbox flooded with DM's, I wanted to put out a post on the Dallas, TX meet ups on 1/12 & 1/14 so that there is a central post with the details 1/x

#dallas #texas #smb #acquisitions #entrepreneurs

📌Thursday, January 12th happy hour
➡️Hosted by @search_invest
➡️RSVP link: searchinvestgroup.com/events
➡️Contact to bug with questions: @SparrWesley 2/x

@search_invest @SparrWesley 📌Saturday, January 14th meet up

➡️Location: The Rustic (3656 Howell Street Dallas, TX 75204)
➡️Time: 7:00 PM CST - TBD
➡️Folks to ask questions to: @SMB_Attorney @ClintFiore @KHendersonCo @ConnorAbene @CTW_SMB
➡️RSVP: See below Tweet 👇

https://twitter.com/SMB_Attorney/status/1607736899271024640?s=20&t=bLs5QKAa328zUhv2F8xiEQ

Read 4 tweets

Matthias Smith, CEO - Pioneer Capital Advisory LLC

@SBA_Matthias

Business acquisitions financed through SBA loans have very specific requirements that need to be followed. In this thread, I will dive into a few such requirements🧵 👇

#sba #smb #acquisitions #entrepreneurs #independentsponsors

1 - Complete Change of Ownership:

➡️ As the SBA's guidelines currently stand, if you are buying a business as an external buyer (someone that doesn't currently own equity in one), you are required to completely buyout the seller(s). No exceptions.

2 - Consulting Period for the Seller(s):

➡️ SBA guidelines currently enable a seller to stay on for up to 12 months following the date of the closing of a business acquisition. The terms of the consulting arrangement must be approved by your lender & lender's legal counsel.

Read 11 tweets

Matthias Smith, CEO - Pioneer Capital Advisory LLC

@SBA_Matthias

SMB Searcher Meet & Greet Calls - 30 minutes ($20)

➡️ Discuss high level factors that are important in the SBA loan approval decision making process

➡️ Walk through a waterfall acquisition model and discuss how deals are structured with common & preferred equity. 2/x

➡️ Walk through how debt service coverage works and how to think about it with evaluating deals

➡️ Cover how to think about sources and uses with SMB acquisitions (what is SBA allowable, what is typical in acquisition structures). 2/x

➡️ Discuss the process of working with @PIONEERCAPADV for your SMB acquisition financing

➡️ Discuss when a bank is required to take a lien on your house.

➡️ Cover the concept of a full standby seller note and when it makes sense for your deal. 3/x

Read 6 tweets

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