Entrepreneurial Finance
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Entrepreneurial Finance
Skills, concepts, tips and cautionary tales about the financial side of entrepreneurship
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Anthony Glenning at ADC Future Summit 2015 – ADC Forum

Anthony Glenning, Investment Director for Starfish Ventures, filmed this video at the Future Summit to give his read on the current state of the Australian venture capital industry. He also tackles the critical issue for Australian entrepreneurs of the stigma of failure. If we are to become a successful nation of innovators, we must lose our fear of failure, Anthony says.
Susan Rushworth's insight:
Starfish is a Melbourne-based VC fund, which has been going for about 20 years. This video specifically addresses an issue raised in class about the level of personal risk Australian entrepreneurs are expected to take.
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How Expense Check secured a $1 million investment

How Expense Check secured a $1 million investment | Entrepreneurial Finance | Scoop.it
A Melbourne entrepreneur says taking the time to build relationships with investors before holding any official meetings helped him to secure a $1 million investment in his startup. Industrie IT’s VC Fund the Grid has contributed the cash injection for Expense Check, a startup that aims to provide small bussineses with their own digital CFO by
Susan Rushworth's insight:
People invest in people, not just in business plans
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Signal Ventures launches new $10 million fund in Australia with the backing of high-profile US investors

Signal Ventures launches new $10 million fund in Australia with the backing of high-profile US investors | Entrepreneurial Finance | Scoop.it
Starting a small business? StartupSmart is full of small business advice, small business mentors, and the latest small business news to help you start your business the smart way.
Susan Rushworth's insight:
Contribution to filling a major gap in startup funding in Australia.
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New Managers Need a Philosophy About How They’ll Lead

New Managers Need a Philosophy About How They’ll Lead | Entrepreneurial Finance | Scoop.it
Servant leadership is a good place to start.
Susan Rushworth's insight:

This is written from the perspective of a new manager in an existing organisation, but it is also a great guide for entrepreneurs or their general managers / COOs. 

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The Bank of Dave: How one man, struck by the plight of firms unable to get loans in his home town, came up with a unique solution

The Bank of Dave: How one man, struck by the plight of firms unable to get loans in his home town, came up with a unique solution | Entrepreneurial Finance | Scoop.it
Unable to borrow money, businesses in Burnley were going to the wall. But then self-made millionaire Dave Fishwick took matters into his own hands.
Susan Rushworth's insight:

An entrepreneur challenges the British banking system. Great story!

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Seven things you probably didn’t know about accessing Government funds - Anthill Online

Seven things you probably didn’t know about accessing Government funds - Anthill Online | Entrepreneurial Finance | Scoop.it
There are over 600 government grants and other types of assistance available to businesses. Each year, many go unclaimed because businesses don't know about the grants or, don't understand how to be eligible.

Via Bert Verhoeven
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Scale Investors | Scale Investors

Scale Investors | Scale Investors | Entrepreneurial Finance | Scoop.it

Via Bert Verhoeven
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Bert Verhoeven's curator insight, May 5, 2014 12:41 AM

Bringing female investors and female entrepreneurs together....

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Venture Investors Prefer Funding Handsome Men — HBS Working Knowledge

Venture Investors Prefer Funding Handsome Men — HBS Working Knowledge | Entrepreneurial Finance | Scoop.it
Studies by Alison Wood Brooks and colleagues reveal that investors prefer pitches from male entrepreneurs over those from female entrepreneurs, even when the content of the pitches is identical. And handsome men fare best of all.
Susan Rushworth's insight:

Ladies (and less good-looking blokes), sounds as though it might pay to get a good-looking male to pitch your deal for you! 

Fortunately for female entrepreneurs, there is a private equity fund called SCALE that only funds business (co-)founded by women.

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Confusion on Break Even and Cash Flow Positive Points

Confusion on Break Even and Cash Flow Positive Points | Entrepreneurial Finance | Scoop.it
I’ve had a few conversations with founders lately about Cash Flow positive and Break Even points, and I realize there is often some confusion about what these two terms actually mean. Many times a ...
Susan Rushworth's insight:

Thanks to another MEI student, Alfonso Moreno, for finding this useful blog on the different types of break-even. In this example, the author uses Break Even to describe pay back on the initial investment (I call this Payback). Cash Flow positive is his term for what I call Operating Break-Even. The chart illustrates the difference very nicely. So long as you explain clearly what you mean by the different types of "break even", I don't mind what terms you use. You will need to get into the habit of explaining because - as this article illustrates - different people use different terms. Always clarify - and ask others for clarification.

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Why Companies are Not Startups

Why Companies are Not Startups | Entrepreneurial Finance | Scoop.it
In the last few years we've recognized that a startup is not a smaller version of a large company. We’re now learning that companies are not larger versions of startups. There’s been lots written a...
Susan Rushworth's insight:

Great blog post. Note the negative role that financial metrics can play in stifling innovation. Can you design financial metrics for your business that capture efficiency without stifling innovation?

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Venture Capital - When venture capital investment isn’t everyone’s cup of tea: SelfWealth’s fundraising story

Venture Capital - When venture capital investment isn’t everyone’s cup of tea: SelfWealth’s fundraising story | Entrepreneurial Finance | Scoop.it
When investment tool SelfWealth went looking to raise around $3 million to bring its information technology in-house, it considered but then rejected accessing venture capital sources.
Susan Rushworth's insight:

Venture Capital is very expensive money. This business decided to stick with angel capital leveraging the networks of its early investors.

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Cash Flow and Destiny // ben's blog

Susan Rushworth's insight:

Blog entry recommended by Verne Harnish (gazelles.com). Backs up what our guest speaker, Mark Dunn, had to say about trying to design your business model so that you don't need to raise external funding.

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GoCatch raises $3 million to turbocharge rapid growth

Taxi booking app goCatch has closed an oversubscribed funding round at $3 million in new funds to drive their growth across Australia and look to expand overseas.
Susan Rushworth's insight:

One of the few - a company funded by VC in Australia. Note it is for expansion, not startup.

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What Founders Need to Know: You Were Funded for a Liquidity Event – Start Looking

What Founders Need to Know: You Were Funded for a Liquidity Event – Start Looking | Entrepreneurial Finance | Scoop.it
There are many reasons to found a startup. There are many reasons to work at a startup. But there’s only one reason your company got funded.   Liquidity. ------- The Good News To most founders a startup is not a job, but a calling. But startups require money upfront for product development and later to scale. Traditional…
Susan Rushworth's insight:
Some good basic messages to understand about taking equity funding
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Startup with $17 million in funding collapses: Four lessons for your business - StartupSmart

Startup with $17 million in funding collapses: Four lessons for your business - StartupSmart | Entrepreneurial Finance | Scoop.it
Earlier this week a US-based on-demand delivery service startup that had secured $US13.5 million in funding shut down suddenly. SpoonRocket announced on its blog that due to an increasingly competitive market and an inability to raise the necessary funds to keep afloat, it would be closing operations immediately. “We continued to face intense competitors like
Susan Rushworth's insight:
Note lesson 1 in particular as you develop your financial models. 
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FivePointFour founder Ben Doolan reveals how he turned a passion for fitness and nutrition into a $15 million business

FivePointFour founder Ben Doolan reveals how he turned a passion for fitness and nutrition into a $15 million business | Entrepreneurial Finance | Scoop.it
The number one reason we’ve managed to grow so fast without the wheels coming off is cashflow. Money needs to come in before money goes out.Budgeting and forecasting correctly is the number one thing that has allowed our business to grow.
Susan Rushworth's insight:

Note this quote: "The number one reason we’ve managed to grow so fast without the wheels coming off is cashflow. Money needs to come in before money goes out.Budgeting and forecasting correctly is the number one thing that has allowed our business to grow."

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Grants - MyGrantSpace

Grants - MyGrantSpace | Entrepreneurial Finance | Scoop.it

The dollars are flowing for regional projects in Victoria

Susan Rushworth's insight:

Potential opportunities to get some seed money.

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Bitcoin: Going From Deceptive to Disruptive

Bitcoin: Going From Deceptive to Disruptive | Entrepreneurial Finance | Scoop.it

Bitcoin is moving from its Deceptive phase to a very Disruptive phase. This Blog is going to explain why, and what you may want to do.I've been tracking Bitcoin since its inception, and my confidence has grown to the point where I'm now trading in a portion of my gold holdings for bitcoin, buying it and accepting bitcoin for the Abundance 360 CEO Summit.What exactly is bitcoin?

Susan Rushworth's insight:

What part might Bitcoin play in financing new ventures? Just another currency? Or something more.

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OurCrowd launches in Australia to provide equity crowdfunding for start-up companies

OurCrowd launches in Australia to provide equity crowdfunding for start-up companies | Entrepreneurial Finance | Scoop.it
Global equity crowdfunding platform OurCrowd is launching in Australia, giving local start-ups a new avenue for funding and sophisticated investors an opportunity to invest in global businesses.

Via Bert Verhoeven
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Growth - This charitable crowdfunding startup’s pretty chuffed about hitting $1 million in donations

Growth - This charitable crowdfunding startup’s pretty chuffed about hitting $1 million in donations | Entrepreneurial Finance | Scoop.it
Charitable crowdfunding website Chuffed has surpassed $1 million in donations just under a year after going live.

Via Bert Verhoeven
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Australian VC calls on others to “write cheques” to encourage female entrepreneurs

Australian VC calls on others to “write cheques” to encourage female entrepreneurs | Entrepreneurial Finance | Scoop.it
AngelCube founder Adrian Stone has thrown down the gauntlet to investors to do something to address the apparent lack of female startup entrepreneurs.
Susan Rushworth's insight:

Interesting development. Article mentions Scale, a VC fund investing only in companies with female founders.

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My Best Mistake - Why value beats volume when it comes to cashflow

My Best Mistake - Why value beats volume when it comes to cashflow | Entrepreneurial Finance | Scoop.it
Cider has given the Barton brothers a profitable fizz. However, the Chilli Marketing founders had to learn some sour lessons about the value of cashflow first.
Susan Rushworth's insight:
Useful story on the perils of chasing volume rather than profits.
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Fred Wilson on cash flow – Entrepreneurship Center | Endeavor Global

Fred Wilson on cash flow – Entrepreneurship Center | Endeavor Global | Entrepreneurial Finance | Scoop.it
Reprinted form A VC. Original article here. By Fred Wilson This week we are going to talk about cash flow. A few weeks ago, in my post on Accounting, I
Susan Rushworth's insight:

This is a really practical and straightforward explanation of a) how to produce a cash flow report in a simpler way than accountants do and b) why you might want to do that. If you have your own business, grab your Income Statement and Balance Sheet from the previous year and have a go at the cash flow statement. You might be surprised by what you learn!

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Managing people - One of the worst things you can do in business and in life, and we do it all the time

Managing people - One of the worst things you can do in business and in life, and we do it all the time | Entrepreneurial Finance | Scoop.it
Are you looking to build an honest business? If so, truth be told, there’s one little secret you really need to remember.
Susan Rushworth's insight:

I think of myself as an honest, open person, but I have to admit I don't live up to this standard. Time to start!

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Don’t Give Away Your Board Seats

Don’t Give Away Your Board Seats | Entrepreneurial Finance | Scoop.it
I had a group of ex-students out to the ranch who were puzzling over a dilemma – they’ve been working hard on their startup, were close at finding product/market fit and had been approached by Oren...
Susan Rushworth's insight:

Tips for entrepreneurs negotiating with equity investors - in this case, a business angel. Don't give away what you don't need to give away - e.g. board seats.

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