More than 200 million women entrepreneurs across the globe are operating new businesses. We’ve provided insight into the ecosystem supporting women entrepreneurship in the United States by developing a listing of startup accelerators that focus on the female entrepreneur and their companies.
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TurboFunder have one objective: to provide a startup platform with the resources and tools to efficiently start, build and grow investable companies.
Aviatra not only address the challenges women face when it comes to business ownership, but we also recognize and maximize the exceptional strengths that are unique to the female entrepreneur.
The simple answer to the difficulties raised in this question is that establishing a startup is a full time endeavor. By definition one cannot work full time employed for a third party and full time in their startup.
If you are accepted into a formal accelerator program, you will not be able to leverage the benefits of the program unless you are available full time. Similarly, significant investment is unlikely from investors if the key founder is not working full time on the opportunity. Additionally, concept and seed level investors generally desire that the startup use investment proceeds to grow the endeavor, not pay salaries, i.e. your earning your sweat equity. That said, most are comfortable with subsistence salaries once the startup is demonstrating some traction. Note however that most investors will avoid startups with founders demanding six figure salaries unless they have significant sales and scalability which is proven.
We would suggest working part time on the startup while you save enough money to facilitate leaving your full time job and moving full time to the startup. Once that occurs, you will be able to focus on growing and accelerating the startup, regardless of process chosen.
As the startup proceeds through the due diligence process related to a potential investment from an angel group, VC or Corporate VC, (CVC), the process will include discussions and reference checks
All companies face risks. Startups are no exception. As the entrepreneur considers seeking financing from third parties, it is important that they recognize that once financing is obtained, the business no longer exposes only the personal resources at risk, but also that of their outside investors.
As an angel investor and leader of an angel group, I receive funding inquiries every day. Most come in the form of an executive summary, which typically provides one of the initial interactions an entrepreneur will have with an investor.
Angel and venture capital investors may receive hundreds or even thousands of executive summaries each year. With their time being limited and the competition for their attention intense, it is extremely important that the entrepreneur provide executive summaries that “Wow!”
Founder contributions are critical to entrepreneurial startups. There are three major contributions that founders provide to startup businesses: Money, Commitment, and Effort