Are you starting a company? Looking to grow? Many founders turn to venture capital firms, angel investors or incubators as a source of funding. Obtaining hundreds of thousands or even millions of dollars is not as simple as knocking on the door and asking for money. It takes careful planning and a focus on presenting your request in the best possible light. One that shows you have a serious proposition deserving of the investor's time and money. By Jason Cohen
If you want to start a company and are working on new ideas, here’s how I’ve always done it and how I recommend you do it. Be the opposite of secretive. Create a Google spreadsheet where you list every idea you can think, even really half-baked ones. Include ideas you hear about (make sure you keep track of who had which idea so you can credit them/include them later).
Are you an entrepreneur? If you're working on a product for a new business, have built a successful iPhone app, or are trying to raise money from family and friends to realize a new idea, you might shrug your shoulders and say, "Yeah, I guess I am."
The equity simulator makes understanding the impact of raising money for an early stage venture transparent and easy to grasp. It is intended to take some of the confusion out of raising angel or venture money.
“Which one of you is going to be doing the fundraising?” queried a calm and collected Tom Robinson while in a loud venue one Saturday evening at a Startup School after-party. Tom had good reason to be relaxed that evening. His startup, 280 North, had been acquired by Motorola for $20 Million a few months prior. I had just shared that my co-founder Chad and I were just getting started with fundraising for Notifo. “Oh, we both are,” I stuttered before gulping my drink. “Good luck!,” he replied. I had no idea what the next months had in store.