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Your Startup on a Shoestring

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16. October 2008

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How much money do you really need to start your business?  Probably not what you expect, and certainly less than before the Internet You think you have it tough scraping together enough funding for your startup? Well, let me tell you about the old days, when funding a startup cost real money. O.K., we didn’t have to [...]

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The Truth About Venture Capital

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16. October 2008

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One expert estimates that VC firms fund only one of every hundred proposals they get. And certain industries have a statistical advantage. The possibility of landing a venture capital deal entices many aspiring entrepreneurs, but the reality is harsh. Although VCs invest significant amounts of money, the number of companies that get funded is tiny. In [...]

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Rules for Raising Capital

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16. October 2008

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Getting money isn’t difficult, but getting the right money at the right time on the right terms is what matters.  Quick: What does CEO stand for? I say “Cash Extraction Officer.” Sure, you can get by for a little while by bootstrapping and running on a shoestring budget. But to achieve rapid and sustained growth, [...]

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The Art of the Ask - the wise entrepreneur’s guide to fundraising

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16. October 2008

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Your marketing director wants to bump up his budget 20% to pay for a Web site that doesn’t crash. Your head of sales has fabulous news about the prospects for next year—so fabulous, in fact, that she wants to hire five more salespeople and revamp your ordering system. Speaking of revamping, you,ve got 30 employees [...]

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