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5 Mistakes to Avoid When Seeking Startup Capital

5 Mistakes to Avoid When Seeking Startup Capital | Pitch it! | Scoop.it
Give your business idea its best chance to grow without risking your personal finances.

You could have an incredible idea for a new product, technology or business, but without capital, it will never be more than just an idea. Unless you have access to a pile of money that you have been saving for a rainy day, you have two options: You can attempt to bootstrap your growth or you can raise capital.

I’m a huge fan of bootstrapping, and it can be a viable option if you are extremely cautious when it comes to expenses, if you have a little seed money and if your business concept will generate cash flow early. 

If bootstrapping isn’t a good fit, then you need startup capital, which can be secured from several sources. While every funding option has pros and cons, there are certain mistakes you need to make sure you avoid when seeking startup capital, like the five outlined below. Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

“Hey Dave!
I bought one of your business planning templates and have been receiving your emails and videos for a few months now…
I just wanted to say thanks for cranking out such amazing work!
You're doing an incredible job, and I know entrepreneurs everywhere are benefiting from it!
Please, keep it up!
Wishing you all the best!”
Colin Pape
President
ShopCity.com, Inc

Marc Kneepkens's insight:

Avoid mistakes, be prepared, be warned.

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Running Out Of Money Isn’t A Milestone

Running Out Of Money Isn’t A Milestone | Pitch it! | Scoop.it

Nearly all startups use the same methodology to figure out when to raise their next round of capital. The founder projects the planned burn rate and estimates the day they will run out of cash. Then they subtract a margin for fundraising approximately four months from the date the company’s bank account will be empty, and declare the difference the fundraising-process start date.

While logical, this method is highly flawed. It’s predicated on the idea that running out of money is the key milestone upon which to base a fundraising. However, running out of money isn’t a milestone — it’s exactly the opposite. Read more: click image or title.





Need funding?

Get your Free Business Plan Template here: http://bit.l/1aKy7km


Marc Kneepkens's insight:

The logic of fundraising and running out of money.

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Start-Up Leaders Recall Choice to Cash In or Stay Independent

Start-Up Leaders Recall Choice to Cash In or Stay Independent | Pitch it! | Scoop.it
Nine start-up founders recounted the moment they had to decide whether to sell or stay independent — when the money was on the table and the future was unpredictable.

The reactions last week flowed like those to a Rorschach test.

Were the young founders of Snapchat, a mobile-messaging start-up, delusional for turning down a multibillion-dollar buyout offer? Greedy to think they might get more later? Or courageous to chase their dreams?

The decision they faced — to cash out or remain independent — is one that all successful technology entrepreneurs eventually confront. The founders face cold business considerations: pressure from investors and workers who want liquidity, and complex calculations about timing in a dynamic industry. But the choices also involve ambition and exhaustion, competition and loyalty, dreams and reality.

The successes get the attention. But Silicon Valley is littered with stories of companies that gave up money by rejecting offers and of those that sold too early. “It’s never obvious whether to sell or hold,” said Ben Horowitz, of the venture capital firm Andreessen Horowitz, an early investor in Instagram, which was co-founded by Kevin Systrom and sold to Facebook for $1 billion. “When Kevin sold Instagram, people said he was a genius, and now they’re asking whether he did it too early, and they’re saying Snapchat is so bold,” he said. “Who was right? We don’t know yet.”

When Snapchat’s founders rejected the buyout offer, it conjured memories among start-up founders who once faced a similar decision. Nine recounted their thoughts in that moment — when the money was on the table and the future was unpredictable.

To read the full article, click on the title.



Get your Free Business Plan Template here:

http://bit.ly/1aKy7km



Looking for VC capital? Learn from the best, watch this presentation by the CEO of Growthink: 'VC Pitch Formula'

Via KAGEMUSHA Capital, Marc Kneepkens
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KAGEMUSHA Capital's curator insight, November 19, 2013 12:24 AM

“People in this situation are very, very rational about money, in an unusual way,” he said. “You don’t say no to a life-changing amount of money so that you might get a larger life-changing amount of money. I know it sounds untrue, but you think about it a lot, and you think more about the company and the mission than whether you should hang in there so you can someday afford two really big yachts, instead of one.”

Marc Kneepkens's curator insight, November 19, 2013 8:23 AM

Very interesting decision: are you cashing out, or living your dream, all the way?

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The Startup Universe | Visual.ly

The Startup Universe | Visual.ly | Pitch it! | Scoop.it

A visual guide to startups, founders and venture capitalists. Search and view by category or term.

The piece was a collaboration between Visually, Accurat, and Ben Willers.



Here is an article on SiliconAngle by Melissa Tolentino with more information on how this works: http://siliconangle.com/blog/2013/07/11/visualizing-the-startup-universe/

Marc Kneepkens's insight:

Great information. Find out how Founders, VC's and Startups are connected.



Get your Free Business Plan Template here: http://www.business-funding-insider.com/free-business-plan-template.html



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Why investors don't respond: the real reasons

Why investors don't respond: the real reasons | Pitch it! | Scoop.it
How to find investors: why investors don't respond to your messages!
Marc Kneepkens's insight:

Get your Free Business Plan Template here: http://www.business-funding-insider.com/free-business-plan-template.html

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How Smart Angels Will Leverage Crowdfunding - Forbes

How Smart Angels Will Leverage Crowdfunding - Forbes | Pitch it! | Scoop.it
Equity crowdfunding has a large and growing base of global supporters and advocates.
Marc Kneepkens's insight:

Great article with great insights and analysis of where crowdfunding is headed.


Looking for funding? When using equity crowdfunding, you're still going to have to produce a business plan, especially dealing with Angel Investors, every single one of them will want to know what 'the plan' is.


Consider working with a Growthink Business Plan Template, it creates results. This is what Andy Kessler, Founder of Turning Earth (http://turningearthllc.com/), says about it:


"I was able to pick up a template that I could actually figure out how to use, had all the key components in it, and basically just drop in my idea... We, in fact, were able to raise money."


This is where to get full information and order it:

https://growthink.infusionsoft.com/go/businessplan/gt4045/


Get a free Business Plan Template here:

http://www.business-funding-insider.com/free-business-plan-template.html

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Start-up Pitch Deck - PowerPoint Presentation to Raise Venture Capital or Angel Investor Funding

Start-up Pitch Deck - PowerPoint Presentation to Raise Venture Capital or Angel Investor Funding | Pitch it! | Scoop.it
PowerPoint Presentation for VC fundraising: Pitch Deck Samples
Marc Kneepkens's insight:

PowerPoint presentations have to be used very carefully. I do like the ten topics that need to be addressed in a presentation, however, it's not the function of the Powerpoint to explain it all, it's up to the presenter to provide the information. The Powerpoint is there only to show the structure of the presentation. It should not be the place to contain a lot of content and explanation.


Follow the structure of a Business Plan Template to create your presentation. Here's a free one, to get started: http://www.business-funding-insider.com/free-business-plan-template.html

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Strategies: Tired of emails? Print is making a big comeback - Denver Business Journal

Strategies: Tired of emails? Print is making a big comeback - Denver Business Journal | Pitch it! | Scoop.it
Mark Twain once said, “The reports of my death are greatly exaggerated.” This...
Marc Kneepkens's insight:

After Facebook's retreat, this is more interesting news. The digital age has not completely taken over.


Want to get a real book about building your business, for free?

It's excellent, the title is 'Start at the End', by Dave Lavinsky from Growthink.

Here is the link: https://growthink.infusionsoft.com/go/book/gt4045/


Just pay for the shipping and it's yours (listed on Amazon.com for $15.61 + Shipping).


Here are a few endorsements for the book:


"As a business owner, I wish I had read this earlier in my career. Starting at the End makes so much sense, yet it’s difficult to do tactically without this book. This book makes your business plan and dream come to life. Read it, then do it." by Adam Shaivitz, Founder of 'Accelerate Performance Sales Consulting', and Author of 'Selling is Everyone's Business'.


"Absolutely AMAZING!!!!!!!! Book. This is about as good or rather as great as it gets in terms of business education in a book. I love the writing style and the info is quite practical and easy to transfer into your everyday management as a business owner. Don't usually take the time out to comment on products - but for this one I really had to give it full props. BTW - For all those reading - this is a voluntary comment that honestly would have been against my conscience if I did not give feedback. Especially as the book was free... Great Job!!!! by Erica S. (spontaneous post on Start at the End's timeline).


Cheers!

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What are the early symptoms that a startup is going to fail?

What are the early symptoms that a startup is going to fail? | Pitch it! | Scoop.it
Answer (1 of 29): I'm sure there are plenty more out there, but I look for these:

1. No demonstrated user need. For example, consider 3D movies and TV.
Marc Kneepkens's insight:

This is a question on Quora with some great answers, very informative for startups, much to learn here. Please discuss.


Do you still need to write that business plan? Start at least with a 'Free Business Plan Template': http://www.business-funding-insider.com/free-business-plan-template.html



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Startup Professionals Musings: 5 Startup Concepts That are Not the Next Big Thing

Startup Professionals Musings: 5 Startup Concepts That are Not the Next Big Thing | Pitch it! | Scoop.it
Marc Kneepkens's insight:

I choose to spread this article, real innovation is what is needed.

Get some good advice on funding for startups here: www.Business-Funding-Insider.com


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Growthink Business Plan Template Review

Growthink Business Plan Template Review | Pitch it! | Scoop.it
Review of Growthink's Ultimate Business Plan Template by professional business plan reviewers
Marc Kneepkens's insight:

Get it done in 8 hours or less, while communicating the essentials that investors are looking for and that will make them respond.

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The startup challenge: Raising money to make dreams become reality

The startup challenge: Raising money to make dreams become reality | Pitch it! | Scoop.it

Finding funding as a startup can be a scavenger hunt, with nuggets of information hidden by bureaucracy and scattered across the Internet.

You’ve got a brilliant, multimillion-dollar business idea and want to start a startup. Great! … Uh, now what?

To steal a joke from a 1998 South Park episode, the void between ideation and value creation often looks like: Phase 1 — Start company. Phase 2 — ?????. Phase 3 — Profit!

How startups develop the second, mystery phase depends on how strong their resolve to raise cash is, how developed their contact network is and how much risk they’re willing to take. Read more: click image or title.

 

 

Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more: www.Business-Funding-Insider.com


Via Enzo Calamo
Marc Kneepkens's insight:

This article in the Montrealgazette is written for the Quebec #startup community, but it accurately describes the #funding process and a variety of options #founders have when looking for money.

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Growthink Products for Capital Raising and Business Planning

Growthink Products for Capital Raising and Business Planning | Pitch it! | Scoop.it

How do successful startups and entrepreneurs really get funded?

I don't indulge very often in self promotion. However, when I see so many entrepreneurs looking for funding in many of the social media... I wonder.

I have to give them the right information to help them find the right ways to succeed!

Following is a page from my site at Business-Funding Insider. This works. Get the information and follow all the steps. You will get funded.

Don't keep on begging for investors in the wrong places where scammers and thieves try to victimize you. Follow this advice:

Read this 'Introduction and Review of Growthink Products' to help you raise all the capital you need, and plan your business to grow into 8 figures, and exit profitably!

Marc Kneepkens's insight:

The occasional self promotion. Some people and organizations have the know-how. This is one of them. Check it out.

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India's attempt to ignite a startup boom - Fortune Management

India's attempt to ignite a startup boom - Fortune Management | Pitch it! | Scoop.it
It has come in fits and starts, but India is slowly building a startup world.


FORTUNE – Most entrepreneurs remember vividly when they decided to strike out on their own. For Siddhartha Ahluwalia, the moment came over breakfast, in 2009. Then 22 years old and an engineering student at the Indian Institute of Information Technology & Management in Gwalior, he was interning at India's premier graduate business school -- the Ahmedabad campus of the Indian Institute of Management (IIM-A). An IIM-A student sat down at Ahluwalia's table and started to talk about his own business -- a tech platform that served TV ads at train stations.

"IIM-A is full of energy regarding entrepreneurship," Ahluwalia remembers. "You meet a lot of new entrepreneurs." The fired-up Ahluwalia enlisted three friends as co-founders, and they started work on an advertising platform for doctors' offices.

Ahluwalia went door to door in his hometown of Meerut -- an industrial city 50 miles from New Delhi -- trying to get doctors excited about the product. Ranked as one of India's fastest-growing cities, Meerut is frequently cited as a hub for future growth in India -- an international airport and a major Delhi-Meerut highway are in the works. More importantly for Ahluwalia and his friends, Meerut has several pharmaceutical companies and medical schools.

After receiving feedback from doctors, the team switched its focus from advertising to electronic medical records. They won first place in a business plan competition at an engineering college in a neighboring state. But then graduation hit, along with the harsh realities of the working world.


"We were students, so no one would give us funding," he says. And then there was the matter of family. "In India, when parents fund a child's education, the expectation is that he or she will then get a job and settle down."

So that's what he did. Ahluwalia moved to Delhi and got an IT job at a company that created and managed operational software for companies overseas. He lasted for 11 months before the monotony of it got to him. This time, he went to a relative -- for many years, family savings have provided seed funding for most Indian startups -- and asked for an initial investment.

By April 2012, Ahluwalia was knocking on doctors' doors again, but this time, he noticed an attitude change. "A lot of media attention has been given to entrepreneurship," he said, noting that his parents, who initially balked at his plan, had turned into supporters. "Also, several companies had successful IPOs and exits."

Local success stories have boosted the credibility of entrepreneurship in India. In late June, RedBus, the country's largest online bus ticket vendor, was acquired by a joint Chinese-South African venture for around $125 million. The deal, which is the biggest acquisition to date of an Indian Internet company by a strategic overseas investor, validated the notion that Indian entrepreneurs could create valuable online businesses catering to the domestic market.

Entrepreneurship is a potential boon to a country wondering how exactly to employ its rapidly growing population, especially in towns like Meerut. According to the most recent census in 2011, Meerut has a population of 3.4 million -- but job opportunities lag consumption, as suggested in a 2011 Morgan Stanley report tracking Indian urbanization.

Startups -- particularly tech companies – have been touted as a possible solution, if an ecosystem is built to support them.

To read the full article, click on the title...


Get your Free Business Plan Template here:

https://growthink.infusionsoft.com/go/freebptemplate/gt4045/
Marc Kneepkens's insight:

Great article about India's start up scene. Something is brewing there, and it'll be great.

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Marc Kneepkens's curator insight, July 31, 2013 9:18 AM

Great article about India's start up scene. Something is brewing there, and it'll be great.

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How Funding Works - Splitting The Equity With Investors - Infographic

How Funding Works - Splitting The Equity With Investors - Infographic | Pitch it! | Scoop.it
This infographic shows how funding works for a hypothetical startup splitting equity with angel investors, venture capitalists and IPO.
Marc Kneepkens's insight:

Great chart, says it all. Thanks Anna Vital.





This article and chart offered to you by:

www.Business-Funding-Insider.com  Your site for information about funding, investors, free business plan templates, free llistings.


Get a Free Business Plan Template:  https://growthink.infusionsoft.com/go/freebptemplate/gt4045/

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9 key things to mention when pitching your software startup

9 key things to mention when pitching your software startup | Pitch it! | Scoop.it
When it comes to pitching investors on something like software, the presentation is often more pivotal than the product itself. It's not something that can sit atop a conference table; ...
Marc Kneepkens's insight:

Excellent Points. Even if you're not pitching a software startup, take a look, very intelligent answers from succesful startup entrepreneurs.


Study the way investors think and the questions they ask. What is it that they want to know?


This article complements this other one:

http://www.business-funding-insider.com/business-plan.html



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JOBS Act green light unlikely until fall

JOBS Act green light unlikely until fall | Pitch it! | Scoop.it
Signed into law in April of 2012, the JOBS Act has created much buzz within the start-up industry. The act lays out provisions meant to help businesses raise money directly through ordinary investo...


On the SEC's timing, and the aspect of FRAUD in Crowdfunding!

Marc Kneepkens's insight:

Excellent information!


New to Crowdfunding:? Here is an article with some of the basics: http://www.business-funding-insider.com/crowdfunding.html

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5 Hot Opportunities for Start-ups

5 Hot Opportunities for Start-ups | Pitch it! | Scoop.it
Fresh numbers from Intuit shine a light on where consumers are spending the most--and where you might want to look for new business ideas.
Marc Kneepkens's insight:

Very interesting article, every Start Up should be aware of these trends and take advantage of them.


Your Free Business Plan Template? Get it here: https://growthink.infusionsoft.com/go/freebptemplate/gt4045/


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10 Myths about Startups

10 Myths about Startups | Pitch it! | Scoop.it
There are some prevalent myths and preconceived notions about startups that are simply not true. Here's 10 of them.
Marc Kneepkens's insight:

Great article, every startup should read this, it will at least make you think.


Hint: need a little help getting your thoughts and ideas organized? Get a free business plan template. It'll get you going: http://www.business-funding-insider.com/free-sample-business-plan.html

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20 words and phrases that will doom your pitch

20 words and phrases that will doom your pitch | Pitch it! | Scoop.it
Use these 'cursed words,' and many reporters and bloggers will delete your email. So will your employees. Plus, civilization might end.
Marc Kneepkens's insight:

The same in business plans and investor presentations of any kind.


Some more good articles here: www.business-funding-insider.com

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Growthink Products for Capital Raising and Business Planning

Growthink Products for Capital Raising and Business Planning | Pitch it! | Scoop.it
Introduction and Review of Growthink Products to help you raise all the capital you need, and plan your business to grow into 8 figures, and exit profitably!
Marc Kneepkens's insight:

Reviewed and recommended by Business Funding Insisder

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