Pitch it!
Follow
Find
7.2K views | +25 today
Rescooped by Marc Kneepkens from Ideas, Innovation & Start-ups
onto Pitch it!
Scoop.it!

The Worlds Top 15 Startup Accelerators

The Worlds Top 15 Startup Accelerators | Pitch it! | Scoop.it

A new survey by two professors used CrunchBase data as well as proprietary research to rank the most effective startup accelerators in America.

MIT professor Yael V. Hochberg revealed the most effective startup accelerators in the country Tuesday at SXSW in Austin. DreamIt Health showed up in slot No. 15 and was the only health-focused accelerator on the list.

Hochberg is a professor of finance at the Sloan School of Management at the Massachusetts Institute of Technology. She and professor Susan Cohen of the University of Richmond and the Batten Institute at the University of Virginia’s Darden School of Business, used original research and data from CrunchBase to rank the 15 accelerators.

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



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


Via Justin Jones
Marc Kneepkens's insight:

Update on accelerators, or 'start up school', and how they are classified to Gold, Silver and Bronze.

more...
No comment yet.
Pitch it!
Startups, Entrepreneurs, be better informed before you 'Pitch it'!
Curated by Marc Kneepkens
Your new post is loading...
Your new post is loading...
Scooped by Marc Kneepkens
Scoop.it!

Find Your Dennis: How to Close the First Investor

3 Tactics to help with closing your first investor


$10,800. Dennis' check was the smallest check we've ever raised from investors; but it was also the biggest. While subsequent venture capital and corporate investments added several more zeroes to our bank account, Dennis' check--our first--added much more at the earliest stage in our company's founding: credibility with our investor community, confidence we could achieve our vision, and capital to reach critical company milestones.

Every entrepreneur raising capital comes to the same conclusion: no one wants to be the first investor in their company. Many investors want to be early. "Early" equates with the high risk, high reward that has elevated a select few angel investors into billionaire status, but no one wants to be the very first. Like us, you need to find your Dennis--the one investor who will jump off the cliff with you and be that very first investor. Follow these three tactics to find and close your Dennis:

1. Create a network of could-be investors

If you plan to go around cold calling qualified investors to invest in your business, particularly if this is your first company, good luck. Not only does the lack of an established connection prevent you from getting in the door with investors, it is often the case that entrepreneurs ask for money before they truly need it.

To find your Dennis, you have to build a strong network of could-be investors. This network creation comes as the result of two steps. First, identify could-be investors in every one of your networks (work, school, locality, friends and family). Founding NuLabel out of school, we immediately looked to our alumni network for could-be investors and in our local entrepreneur community in Providence, RI--where we connected with Dennis. Second, engage could-be investors to provide what you really need when you first launch your business: intellectual capital. Most could-be investors bring valuable advice to the table, and engaging could-be investors as informal advisors can build a strong connection to your company's story without immediately demanding they open their wallet to help you as an investor.

2. Treat could-be investors like they already invested

Now that could-be investors are engaged and even providing occasional, informal advice, treat these valuable members of your network like you would an existing investor. Provide them with regular updates that establish meaningful, achievable milestones and showcase results. As you achieve these milestones and share them in a consistent and periodic manner, momentum builds, risk starts to evaporate, and your could-be investors start to become will-be investors as you establish a track record of results that exhibit not only you achieving your vision, but their intellectual capital creating value.

3. Ask for the check

Don't wait for your potential first investor to offer to invest, because that won't happen. Instead, ask for a specific investment; state the use of proceeds; and most importantly, explain how this first check can be leveraged into many additional, bigger investments from others. With an immediate term need to fund a specific, measurable milestone, we asked Dennis for the capital to cover the expenses to get to that milestone. We showed upfront how we knew we would exceed expectations and that we had several interested could-be investors awaiting the achievement of that milestone who ultimately jumped in less than one month after Dennis' check came in and we accomplished that immediate term business objective.

....

The lunch bill when Dennis told me, "Yes, I'm in," was modest: two cheeseburgers, two Diet Cokes, and a side of fries. The feeling after Dennis agreed to invest $10,800: well, that was worth a million bucks.



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



Marc Kneepkens's insight:

Big point: get your first investor committed, no matter how big that check is, the rest will follow.

more...
No comment yet.
Scooped by Marc Kneepkens
Scoop.it!

How to Distinguish Your Startup in the Competitive Funding Environment

How to Distinguish Your Startup in the Competitive Funding Environment | Pitch it! | Scoop.it
Over the past few years, it’s become harder to get seed or venture capital funding as a startup. Since the recession, the number of VCs has shrunk by 50%, and people are more and more hesitant to invest where they perceive risk.

As a result, fewer new companies are being funded. For the startups that can catch the eye of investors, however, things look good. Even though fewer startups are being invested in, those that do find investors tend to get much more capital now than previously.

Venture capitalists and angel investors are looking for companies they perceive as low-risk, high-reward investments. That means they need to see your company’s potential clearly, connect with your product, and feel comfortable with the risks involved. And even though YOU know your company is worthwhile, in order to snag those much-sought-after investment dollars you’re going to have to convince would-be investors of that.

So how can you do that?

1. Show a High Potential

Demonstrating potential is twofold: investors are going to be looking both at you and at your company.

Remember that VCs are ultimately investing based on how much faith they have in your potential to succeed. Show them your drive and complete dedication. If you are a startup veteran, speak to your past successes and explain why you know you can do it again. If this is your first startup endeavor, show why you have both the experience and passion to succeed based on past projects or work.

You can also show your potential by branding yourself. Use Quora, LinkedIn and Google+ to establish yourself as an expert in the specific industry or field you plan to enter with your company. Join discussions, answer questions, and show your general level of expertise. Your Twitter and Facebook should also reflect a high level of professionalism, so be sure to clean it up if you haven’t already.

Show potential for your company by generating buzz around your idea. Pitch your startup to media publications, bloggers and journalists. When VCs and angel investors see that others are excited about your idea, it clearly demonstrates the traction of that idea.

2. Pitch the Product

First off, make sure you’ve got a well-thought-out description of your startup. Think about if you were to have to tweet what your company does and why it’s unique — would you be able to say it in 140 characters or fewer? Work on fine-tuning your description until you can get it to this point. A concise, clear way of explaining your product is much more memorable and packs more punch than a longer explanation.

Once you have a concise description, you can then clearly explain why they should choose you and your product. What burning problem are you solving that hasn’t already been solved before? Detail how you will succeed where others haven’t, and why your idea is better, unique, cheaper than previous attempts or existing solutions.

A great way to make sure you’re pitching your company in a way that distinguishes it from competitors is to listen to your friends. If they’re constantly comparing your company to something that’s already out there, focus on being clear about what it is that makes your product different and why you’re not just creating a slightly different iteration of something that exists. In that same vein, know who your competitors are and have a deep understanding of their products and business models. You have to understand them in order to come out first.

As important as knowing your competitors is showing that you know your audience and the market that exists for your product. Provide a detailed analysis of your audience members, demonstrating that you know your potential consumers’ behavior inside and out and that that group will be able to generate sufficient and significant profit. Make it clear that you’ve done your homework and researched them thoroughly.

3. Alleviate Concern Over Risks

The best defense is a good offense. Anticipate the hesitations investors are likely to have before investing in your company and address them head-on. Analyze those risks and clearly explain why they won’t materialize into problems. Make sure to show how you’re already prepared to address and deal with the risks.

You will also comfort investors about the low-risk of investing in you by showing them that you’re far-enough along. Before you begin looking for funding, be able to demonstrate that you’re at a stage in the development of your idea where it’s tangible. If you can make it clear that your idea is already becoming a reality, and all that’s left — the very last step before you can launch it — is capital, then they’ll be much more eager to invest in you.

If you focus on creating a presentation for potential investors that demonstrates your startup’s potential, clearly and effectively explains the product and the market that exists for it, and shows it is low-risk, you’ll be able to stand out in the challenging funding climate.

Jul 26, 2014 - Fernando Cuscuela for the National Edition



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

Marc Kneepkens's insight:

Good points. Value, Pitch, Risk.


More info at http://www.business-funding-insider.com/

more...
No comment yet.
Scooped by Marc Kneepkens
Scoop.it!

Here's The Number One Mistake That Kills Startups, According To Ben Horowitz

Here's The Number One Mistake That Kills Startups, According To Ben Horowitz | Pitch it! | Scoop.it
more...
No comment yet.
Rescooped by Marc Kneepkens from Crowdfunding Startups
Scoop.it!

What businesses should consider with equity crowdfunding

What businesses should consider with equity crowdfunding | Pitch it! | Scoop.it


Crowdfunding websites raised more than $5 billion in 2013. That said, there are some complications with crowdfunding that businesses should consider.

When it comes to getting funding for your latest business venture, crowdfunding may seem like a no-brainer. Crowdfunding websites raised more than $5 billion in 2013, and to get a piece of that wealth, all you have to do is set up an online profile and watch the dollars roll, right? Not so fast. While crowdfunding can be a viable way for entrepreneurs to raise capital, it’s more complicated than many people realize, and it might not be right for every business.

Equity crowdfunding could help some entrepreneurs, but it comes with rules and costs, and it won’t be appropriate for every business. A few things to keep in mind:
To read the full article, click on the title or image.


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

more...
Marc Kneepkens's curator insight, July 13, 4:46 AM

Equity crowdfunding is a whole different deal than 'rewards' or charity crowdfunding. The rules are tight and expensive. Take a look at this article, it summarizes the situation.

Kishor Kafle's curator insight, July 29, 8:30 AM

dear sir

 I am the Broker legal representative of Fernando Valle Pons the Principal of the HOLDING project... please read below
 My name is Fernando Valle Pons, (Nando Pons) Spanish nationality with actual residence in Eastbourne, England. (Just moved from Guangzhou, China where I spent my last 10 years). During my entire professional life I have enjoyed the freedom to work "my way" and develop the business model needed for great success at any given time and the results have been outstanding overpass sing not only sales budget but expectations. Today after having lots of successes under my belt, I have a MEGA project and as always I have designed the business model in order that is easy for everybody to join and have a JOB and a BUSINESS and never look back. The project needs 100 million Euros funding. (Euros due that the $US Dollars has devaluation and I cannot be short of budget) The businesses will have a lot of income and will fold every month during first 3 years (producing over $6 billion US Dollars profits ) (For such reason, I may consider to take 50 million Euros funding... the difference, we will build our own Intelligent premises with few months delay upon generating income from shares sells) therefore I can take as a LOAN or as a JOINT VENTURE or as PARTNERSHIP with Investor/s. The project is: 1. An Offshore main Company as a HOLDING and owner of all other companies. 2. An Offshore BANK as a payments and collections solutions to our own ACR (Affiliates Clients Referrals) + High Yield investment programs (PPP's etc.) 3. An Import / Export TRADE company in China mainland as the supplier of daily consumable products working for small profit just to maintain infrastructure in China and with a strategy to repatriate all investment (intelligent premises, inventories etc.) out of China  mainland. 4. A total of 30 E-commerce online B2C companies that are sold to the ACR as their own investment (they agree according to the research and the Affiliate program and willing to invest) I become my own competitor before anyone tries to copy and paste my own business model (did the same in 1995/6 with great success 5. In a later stage a Private Club 6. An a Gaming Company. The only Gaming Company that does not use debit / credit cards therefore has NO CHARGES BACK (Only talented people can design such Gaming business with ZERO RISK).  The people who will run such MEGA project: CHESS88 team, ITWEB team, PID team, ADMIN two teams. As you can see, I have surrounded myself with people that pose talent attitudes like me. 1.             This HOLDING businesses is feasible due my (Nando) talents, skills, experience, contacts in the Chinese Government and because I have done a massive Market Research, conducted interviews, surveys, studied the unemploymentph     phenomena, l learned how to profit from the social networks like Facebook, LinkedIn etc. In the next 5 years I, Nando, want to accomplish:

ü         30 million people network in my businesses in the next 5 years

ü         $8 billion US Dollars profits in 3 years

ü         Ensure earnings of $2 Billion US Dollars per year every year and growing

A   And spend my wealth by building a FOUNDATION (NGO) and dedicate to Children's programs to provide Food, Shelter, Health, Scholarship, etc.

Any interested INVESTOR/S. please send me your funding proposal and PLEASE if your proposal includes any up front FEE or sort of EXPENSES before providing the funding, SAVE YOUR TIME. (Any Bond insurance or any other sort of legal expense once I have the funding).
Meanwhile I will send you a set of files as Summary and Business Strategic Plan therefore you get to know who the teams are, the ACR's and how the businesses provide MILLIONS OF JOBS AND WEALTH TO ALL ASSOCIATES. You will also find copy of my (Nando) Resume CV and a draft of PARTNER AGREEMENT with my best offering as PARTNER AHHHH! for the ones that ask how much SKIN I have in the project, the answer is very simple $5 million me and my CHESS88 team have spent in Market Research, Surveys, Contacts, (including politicians from local Government) and test all Teams that will join. Kind Regards Nando Pons, CEO & Consultantchess88@chess88.comSkype: tradebiz Guangzhou, Chinawww.chess88.com
Scooped by Marc Kneepkens
Scoop.it!

3 Things You Can Change to Go From Startup to Grown Up

3 Things You Can Change to Go From Startup to Grown Up | Pitch it! | Scoop.it

There are few things in life as rewarding as creating a business out of nothing. If you have any love of enterprise, it is hard not to be enamored with the excitement around tech startups.

It would be nice to see a few more startups stick around, so here are my three suggestions for how you can significantly improve your chances of success. Not asking much!

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



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


Marc Kneepkens's insight:

Great article. Stop defining yourself in a limiting way. Create value, make a great company. I would say: must-read for every 'start up'!

more...
No comment yet.
Scooped by Marc Kneepkens
Scoop.it!

9 Ways Virtual Reality Will Affect the Startup Scene

9 Ways Virtual Reality Will Affect the Startup Scene | Pitch it! | Scoop.it

t sounds like science fiction, but virtual reality technology is taking off. Not even the sky’s the limit for imagining what could be done with this technology. Just ask Google I/O 2014 attendees and their cardboard VR systems.With applications ranging across the board, the potential for startups to capitalize is huge. With this in mind, I asked 12 entrepreneurs from YEC the following question:Facebook recently acquired Oculus VR. Practically speaking, how do you think that virtual reality technology will affect the startup space in the next five years?Here are the responses:

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



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

Marc Kneepkens's insight:

Sci-fi is becoming reality quickly. More and more amazing new stuff is being developed.

more...
No comment yet.
Scooped by Marc Kneepkens
Scoop.it!

Are we beginning to over-indulge, over-romanticise and over-glamorise failure? | ventureburn

Are we beginning to over-indulge, over-romanticise and over-glamorise failure? | ventureburn | Pitch it! | Scoop.it
This week, I read a very insightful piece in the Guardian about failure and the culture of failure that currently exists in Silicon Valley. In the startup
This week, I read a very insightful piece in the Guardian about failure and the culture of failure that currently exists in Silicon Valley. In the startup community, the concept of failure has both positive and negative connotations depending on what continent or country you are in.The Guardian’s piece talks about Silicon Valley’s need to not just invoke failure but celebrate it as well. The oft repeated phrase most entrepreneurs have begun to live by is: “Fail fast, fail often.”To read the full article, click on the title or image.Get your Free Business Plan Template here: http://bit.ly/1aKy7km
Marc Kneepkens's insight:
Failure is ok, for the right reasons. But making it into a culture creates a lot of questions.
more...
No comment yet.
Rescooped by Marc Kneepkens from Entrepreneurs
Scoop.it!

How Startups Can Make a Social Change

How Startups Can Make a Social Change | Pitch it! | Scoop.it
What can be done starts with the digital communities building the future. Startups can, and should be, a force for change.

In the Amazonian forests, wildlife presenter Charlie Hamilton Jones was looking to make a statement. He went and bought a patch of Amazonian wildlife, looking to protect it for generations.

Instead, he wound up buying a cocaine plantation. The most dangerous one in the area, owned by the “most dangerous family.”

When he went to confront the drug dealers, he was in for a surprise. Far from being gun-toting murderers, they were desperately powerless. Charlie had always demonized those who had spoiled his precious forests: now he saw that they were merely doing what they had to do to survive.

They implored him to “pay them so they wouldn’t do it.”


Digital startups that strive to control all facets of the value chain achieve material success. They are at the forefront of changing the way humans interact with one another, and changing the world around them.

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




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



Via Thomas Faltin, ventureLAB
Marc Kneepkens's insight:

Excellent article. Change is inevitable. Change for the better is a choice.

more...
No comment yet.
Rescooped by Marc Kneepkens from Business Improvement
Scoop.it!

11 Tips for Calming Your Nerves Before a Big Presentation

11 Tips for Calming Your Nerves Before a Big Presentation | Pitch it! | Scoop.it

At age 15, Darlene Price had to give her very first speech.

She was presenting an oral book report on “Great Expectations” to Mrs. Weaver’s tenth grade English class. She was nervous and could feel her hands shaking, heart racing, knees knocking, and palms sweating. As she reached the front of the room and turned to face her 33 classmates, she froze.

Moments passed, snickers erupted, and Mrs. Weaver asked 15-year-old Price to begin her presentation.

As soon as she made eye contact with the audience, all of the nervous tics disappeared — not because a wave of calm came over her, but rather because she fainted

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




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



Via Daniel Watson
Marc Kneepkens's insight:

Public speaking is challenging. Add to that the fact that your public may be a panel of investors. This article will help you prepare better.

more...
BrianBurnett's curator insight, June 25, 8:35 AM

Preview of some of those tips:

  • 7P's = Proper Preparation & Practice Prevents Piss Poor Performance. (some call it 6 without the ... you know which)
  • Know Your Venue
  • Visualize Success
  • Know Your Audience 
  • Claim the three “audience truths.” One: They believe you’re the expert, so don’t tell them otherwise. Two: They want you to succeed, so they’re on your side. Three: They won’t know when you make a mistake, so don’t announce it
  • Realize you don’t look as nervous as you feel
  • Memorize your opening
  • Get psyched up before you go "on" - See Amy Cuddy  http://on.ted.com/Cuddy 
Miklos Szilagyi's curator insight, June 25, 10:36 AM

It's always good to rehearse how to checklist the main elements for your really earned success on the podium...:-)))

Alain Theriault MBA's curator insight, June 25, 10:40 AM

"Pitching" is an art that can make or break your young startup. Those 11 tips are great ways to make sure the messenger will deliver the message the right way. Now...look out for tips on making your message a clear one ;-)

Scooped by Marc Kneepkens
Scoop.it!

The Optimal Seed Round Construction to Maximize Series A Success

The Optimal Seed Round Construction to Maximize Series A Success | Pitch it! | Scoop.it
Tom Tunguz is a venture capitalist at Redpoint and writes about startups, fund raising, SaaS companies, and best practices for founders.

Is it better to raise your startup's seed round from only angel investors, or is it better to include a VC or two? Several founders on the precipice of launching their seed fundraising processes have asked me this question.

It's a very difficult one to answer hypothetically because there are many different variables to balance. For example, VCs may invest larger sums than angel investors. The imprimatur of a VC's investment in a company might help convince potential customers and recruits. But some might argue their money brings potential signaling risk.

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



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


Marc Kneepkens's insight:

The rigorous selection process at VC's is definitely a factor. I a startup gets selected for funding by them, obviously, they will have a lot of potential.

more...
No comment yet.
Rescooped by Marc Kneepkens from Tammie Nemecek Favorites
Scoop.it!

The Rise of Innovation Districts: A New Geography of Innovation in America

The Rise of Innovation Districts: A New Geography of Innovation in America | Pitch it! | Scoop.it
Innovation districts are geographic areas where leading-edge companies, research institutions, start-ups, and business incubators are located in dense proximity. Bruce Katz and Julie Wagner explain how these districts facilitate new connections and ideas, accelerate the commercialization of those ideas, and support metropolitan economies by growing jobs in ways that leverage their distinct economic position.

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



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


Via Tammie Nemecek
Marc Kneepkens's insight:

This is excellent! Information about the innovation hubs, how it works and where they are. Great article.

more...
No comment yet.
Rescooped by Marc Kneepkens from Daily Magazine
Scoop.it!

35 Tips on How Not to Offend Your International Business Partners (Infographic)

35 Tips on How Not to Offend Your International Business Partners (Infographic) | Pitch it! | Scoop.it
From how you eat to how you dress, a look at how your behavior could be interpreted by your customers, colleagues and clients in different countries.

The popular catchphrase, “beauty is in the eye of the beholder,” is also true of offensive behavior.

In France, it is common for a man to greet a lady with a quick kiss on the cheek, even in a business setting. In China and India, that sort of familiar contact with business associates is frowned upon. And in Germany, if a business associate nods upon shaking your hand, then it is considered good form to return the nod.  

San Francisco-based customer service software company Zendesk generated the infographic below, with 35 tips for how to behave in international business settings to avoid an embarrassing faux pas that could put your business relationships on ice.


Via Official AndreasCY
Marc Kneepkens's insight:

Doing business Internationally is immensely more complicated than this, but the infographic gives an idea of how different cultures tend to be. Looking into it before you head out is highly recommended.

more...
Official AndreasCY's curator insight, June 13, 12:10 AM

Converting customers to loyal followers will amplify returns.

Scooped by Marc Kneepkens
Scoop.it!

Former SBA Chief on 3 Keys to a Better U.S. Entrepreneur Economy

Former SBA Chief on 3 Keys to a Better U.S. Entrepreneur Economy | Pitch it! | Scoop.it

The case for expanding investment in entrepreneurs and small businesses is clear: small businesses create two out of every three new private sector jobs and half the people who work in America own or work for a small business. Entrepreneurs are at the heart of America’s identity and the key to our economic strength. They have been instrumental in building the greatest economy in the world as well as the world’s strongest middle class. Coming up with a new, innovative idea and turning it into a business is the American way.

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



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

Marc Kneepkens's insight:

The SBA is trying hard to get money to you for your startup. Interesting article. Consider getting funded by the SBA. If you need help with the paperwork, let me know.

Use the contact form on www.Business-Funding-Insider.com

more...
No comment yet.
Rescooped by Marc Kneepkens from Ideas, Innovation & Start-ups
Scoop.it!

The Aha Moment - How Entrepreneurs Realized What To Do In Life

The Aha Moment - How Entrepreneurs Realized What To Do In Life | Pitch it! | Scoop.it

Before any entrepreneur became successful there was a time they did not know what to do. And then the aha moment happened. How?


About 2200 years ago Archimedes stepped into his bath and exclaimed, “Eureka!”

 

It was a moment of sudden discovery. The eureka effect. A moment of deep insight. It’s an epiphany which translates as “striking appearance.” In that moment a previously unsolvable problem becomes suddenly clear and obvious.


Before The Aha Moment

Life can be divided into two periods. Before you know why you are alive and after. In between there is just a single moment – the Aha! moment. One brainwave that turns a person into a person on a mission.

Here we show the moments that turned famous people onto their missions. Even though for them it was a process to get to that moment, there was a catalyst that one day made them say, “Aha!”

What Makes Us Aha

What brings the Aha moment?

Inconvenience. GoPro founder who struggled to take a picture of himself while surfing.

Limited resources. Ikea founder could not fit a table in his small car, so he thought to take off the legs.

Pain and tragedy. Samuel Morse received a letter about his wife’s illness after she was already buried. Letters took a long time back then. He raced to see her, but it was too late. Grief-stricken, he decided to forever change how people talk to each other and invented the telegraph.

The aha moment comes at different ages. Here are a few examples. Is it ever too late to have the aha moment? Some entrepreneurs had them well into their fifties. Were they thinking it was never too late?




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



Via Justin Jones
Marc Kneepkens's insight:

Nice chart and some interesting facts.

more...
No comment yet.
Scooped by Marc Kneepkens
Scoop.it!

How to Ruin Your Company with One Bad Process

How to Ruin Your Company with One Bad Process | Pitch it! | Scoop.it
Marc Kneepkens's insight:
Here's The Number One Mistake That Kills Startups, According To Ben Horowitz

"I am a giant advocate for technical founders running their own companies, but one consistent way that technical founders deeply harm their businesses is by screwing up the budgeting process. Yes, the budgeting process. How ridiculous is that? How does it happen and why is it particularly problematic for engineers?

I'll begin by describing how I screwed it up in my company. Our sales were growing so fast that the biggest problem that we faced was that we literally could not handle all the customers that wanted to sign up for Loudcloud. To combat this and enable us to grow, I worked diligently with my team to plan all the activities that we needed to accomplish to expand our capacity and capture the market before the competition. Next, I assigned sub-goals and activities to each functional head. In conjunction with my leadership team, I made sure that each goal was measurable and supported by paired metrics as well as lagging and leading indicators. I then told the team to figure out what it would take to accomplish those goals and return with their requirements for headcount and program dollars. Finally, I made adjustments to their requests based on industry benchmarks (mostly reductions) to get to a plan that I thought made sense.

Here’s the basic process:"

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




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


more...
No comment yet.
Rescooped by Marc Kneepkens from StartUP Times
Scoop.it!

How to start a startup?

How to start a startup? | Pitch it! | Scoop.it

"Success has a simple formula: do your best, and people may like it." (Sam Ewing) 

Why startup?

Not every new business is a startup. A newly opened café isn’t a startup, at least we don’t call it that way. Startups are usually dynamically developing companies all over the world with a high growth potential. Many think that mostly internet-related or technological developments fill this category, though there are innovative businesses working in the field of education, biotechnology, robotics, fashion, environmental management, energetics, renewable energy, green technologies, and manufacturing and packaging technologies too.

According to the basic definition, it’s a quickly developing business, based on a
good idea, usually younger than two years, in which the main value is represented by the innovative approach, the big idea or the technological innovation.

The innovation strategy planned until 2020 is separately dealing with the startups and the startup ecosystem growing from them, since the quickly growing starting businesses will be a significant part of the future’s economy.

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




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



Via Tamás Turcsán
Marc Kneepkens's insight:

What makes you a start up? This brief article provides a good definition.

more...
No comment yet.
Rescooped by Marc Kneepkens from Travel Startups update
Scoop.it!

4 Things Remarkable Startups Have In Common

4 Things Remarkable Startups Have In Common | Pitch it! | Scoop.it

Why do some startups succeed and others don't? Here's a hint: It doesn't have to do with if an idea is good or bad. Indeed, the successful entrepreneurs are able to run with amazing concepts and pivot otherw when needing. There are a few more tried and true principles that can contribute to the success of your new company.

Among other things, these are four things remarkable startups have in common.

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




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


Via Luis Costa
Marc Kneepkens's insight:

Four good reasons.

more...
No comment yet.
Rescooped by Marc Kneepkens from Ideas, Innovation & Start-ups
Scoop.it!

Take This Final Exam to See If You Are Ready to Launch Your Startup

Take This Final Exam to See If You Are Ready to Launch Your Startup | Pitch it! | Scoop.it

An entrepreneur devoted to a good idea is more likely to succeed than a hesitant entrepreneur with a great idea.

 

If you don’t feel comfortable enough to leave your “day job” to work on your own idea, you don’t really believe in it. To succeed, a new venture requires your full time effort. If you are unwilling, you don’t have enough faith in the concept or you don’t know enough about the concept to actually contribute to the success.


I teach entrepreneurship in the College of Engineering at Villanova University. We make the entrepreneurial learning experience as real life as possible but, at the end of each semester, the “real world” illusion ends with a final exam.   

Outside of the classroom, folks ask me for advice about product design and new venture creation, so I made up a “final exam” with an answer key to give my opinion on the readiness of your idea as a new venture. Don't bother to sharpen your pencils, though. At least from my viewpoint, all of the “correct” answers are TRUE. Read on to learn why.

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




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


Via Justin Jones
Marc Kneepkens's insight:

Nice article and test.

more...
No comment yet.
Scooped by Marc Kneepkens
Scoop.it!

Will your idea make money quickly? Can you go all-in? 5 considerations for potential bootstrappers

Will your idea make money quickly? Can you go all-in? 5 considerations for potential bootstrappers | Pitch it! | Scoop.it

The odds of raising venture capital for a startup are low, but there are a few requirements for bootstrapping success, according to this entrepreneur advice.

Dreams of starting your own business are often filled with fantasies of coming up with a great idea, and venture capital firms fighting to fund it for you.

But as Bill Reichert of Garage Technology Ventures puts it: “The odds of raising venture capital are equal to the odds of getting struck by lightning while standing on the bottom of a swimming pool on a sunny day.”

Nearly every company has a bit of bootstrap in its past. Gawker, TechCrunch, GoPro and Github all found success as entirely bootstrapped companies before accepting a dollar of outside funding. The decision to go long on bootstrapping and create a self-funding business doesn’t garner as many headlines as millions being sunk into a plucky startup, but the rewards can be both immediate and lasting.

Is bootstrapping right for you? Here are five questions to consider:

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




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

Marc Kneepkens's insight:

Bootstrapping is part of the process of starting a business. Look at it this way: if your company is growing too fast at some point, consider outside funding. What does that mean? You have to be successful before any investor wants to put money in your idea.

more...
No comment yet.
Rescooped by Marc Kneepkens from Ideas, Innovation & Start-ups
Scoop.it!

GoPro founder Nick Woodman: The fabulous life and career of a surfer-turned-billionaire

GoPro founder Nick Woodman: The fabulous life and career of a surfer-turned-billionaire | Pitch it! | Scoop.it

Nicholas Woodman, 38, is a self-made billionaire.

He created Woodman Labs, the maker of GoPro cameras, in 2002. Now the company has more than 500 employees and it generated US$986 million in 2013.

It started trading on public markets on Thursday. It’s currently valued at US$2.6 billion.

Woodman married his college sweetheart and has two children. He’s also an adrenaline junkie.

Here’s the fabulous life and career of Woodman, the surfer-dude-turned-billionaire.

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




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


Via Justin Jones
Marc Kneepkens's insight:

Fabulous story. Want to be there too? Act, draw up your business plan and start your own company.

Growing too fast? Get some funding.

www.Business-Funding-Insider.com has a lot of ideas.

more...
No comment yet.
Scooped by Marc Kneepkens
Scoop.it!

7 Tips To Make a Kickass Elevator Pitch !

7 Tips To Make a Kickass Elevator Pitch ! | Pitch it! | Scoop.it

Everything Is Damn Simple, Until You Make It Complicated.
Sometimes it is a completely different feeling when you are sitting across the table as a mentor, judge or with a group of investors to judge some elevator pitches of hopeful startups.

It is however an ENTIRELY DIFFERENT ball game when you have to pitch it yourself (as a startup), seriously and if a startup has to ever get this right he or she has to think smart, learn from the people who have done it and keep it simple and easy.

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




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


Marc Kneepkens's insight:

As one of the experts pointed out in the discussion "The pitch is not about cramming your whole business model into two lines. It's about giving just a peek to make the listener curious to ask more about it."

Excellent read, get ready for your pitch!

more...
No comment yet.
Rescooped by Marc Kneepkens from Startup , Entrepreneurship, Innovation, Acquisitions
Scoop.it!

Founders Should Focus On Two Things, and Only Two Things.

Founders Should Focus On Two Things, and Only Two Things. | Pitch it! | Scoop.it

Focus is everything. As John Lee Dumas puts it FOCUS is “Follow One Course Until Success”. It is easy to get caught up in Meetups, connecting with other entrepreneurs, reading books that are good but not necessarily helping you with your business TODAY and spending way too much time on the non-essential parts of your business such as branding, marketing, etc.

I think Paul Graham from Y Combinator hits the nail on the head “A startup founder should be writing code and talking to users. That’s it.” As entrepreneurs we tend to get a little ADD but it’s vital we remind ourselves that the ultimate path to success is through building strong learning environments around users and quickly developing a solid minimum viable product (MVP) to get validation sooner rather than later.

Take time to meditate on the current distribution of your time and realign your prioritizes as needed. Go get ‘em!


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


Via Ivan Berlocher
Marc Kneepkens's insight:

Exactly, focus is everything. Whether you write code or create a new product or service, make it happen. And find out from your customers if this is what they really want.

more...
No comment yet.
Scooped by Marc Kneepkens
Scoop.it!

Aging In The Startup World

Aging In The Startup World | Pitch it! | Scoop.it
There’s a funny thing about age in business. It swings quickly between being your greatest asset and seemingly overnight, a major liability.

pment, There’s a funny thing about age in business. It swings quickly between being your greatest asset and seemingly overnight, a major liability. It’s a factor on all sides of the table. Despite the lesson that we learned in Kindergarten about “not judging a book by its cover,” we all do it. Age impacts fundraising, business develosales, hiring and more.

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



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


Marc Kneepkens's insight:

Age is not important, however, as this article illustrates, you have to be aware of who you are presenting to.

more...
No comment yet.
Rescooped by Marc Kneepkens from Empowering Women Entrepreneurs
Scoop.it!

What Jim Carrey Explains In 1 Minute Will Change Your Life Forever. Seriously.

What Jim Carrey Explains In 1 Minute Will Change Your Life Forever. Seriously. | Pitch it! | Scoop.it
Just one minute. You'll be glad you saw this.

Jim Carrey is a funny man. But he’s deeply profound, too — a side he revealed to graduates at Maharishi University. While his entire speech is great, we fast-forwarded to the punch to the heart at 10:18. Just click play and be blown away.

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



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


Via Sandra Brevett-Dib
Marc Kneepkens's insight:

Great clip. Don't forget to be clear and precise when you do this.

more...
No comment yet.
Rescooped by Marc Kneepkens from Startup , Entrepreneurship, Innovation, Acquisitions
Scoop.it!

4 Things Every Entrepreneur Should Know About Venture Capital

4 Things Every Entrepreneur Should Know About Venture Capital | Pitch it! | Scoop.it

Venture capital plays a pivotal role in the startup economy, providing vital funds to high-potential early-stage companies. Not surprisingly, it’s also a constant topic of conversation within the startup community — who’s receiving it, how much they’re getting, and how long it took them to capture the interest of VCs.

During my 19 years of experience as an entrepreneur, I have founded 3 venture-backed companies, and I know firsthand that navigating venture funding can be incredibly confusing. As the founder of Fundable, I talk to startups daily about their approach to investors. I’ve put together answers to some of the most frequently asked questions and topics of discussion amongst our community of founders. If you’re thinking about raising capital, here are a few things to keep in mind before you dive headfirst into the venture funding pool.

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



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


Via Ivan Berlocher
Marc Kneepkens's insight:

Before thinking about Venture Capital, try to understand what it can do for you. This article explains a few important points.

more...
No comment yet.