Entrepreneurs have numerous options for obtaining funding to explore and validate their startup concept.
Posts By: Tony Lettich
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David S. Rose, the CEO of Gust and Founder of the New York Angels defines Due Diligence in his book, Angel Investing – The Gust GUIDE TO Making Money and Having Fun Investing in Startups. The careful investigation into a company prior to making an investment.
An efficient board of advisors is not accidental; they require planning. Here are twelve suggestions for creating highly efficient advisory boards.
Advisory Board compensation is an important consideration. How much is right? Does this change over time? Is there a vesting period?
The entrepreneur seeking investment from major corporations with investment arms should recognize there are many advantages to seeking and obtaining such investment. However, such investment should be sought with the entrepreneurs’ having a strong understanding of their startups objectives and opportunities, and the strategy and fit with the potential corporate partner.
Ultimately, the fit is as important to the advisory board candidate as it is to the entrepreneurs and the company. If it is learned that the fit doesn’t exist after the advisor has been on-boarded, it will likely turn out to be a waste of time for everyone.
Receiving investment from angels can be a daunting, time consuming process, one that is inherently inefficient. Experienced entrepreneurs take steps to minimize these funding inefficiencies.
One of the best kept secrets of the southeast United States is a region made up of Bristol, TN / Bristol, VA, Johnson City, TN, and Kingsport, TN. Known as the Tri-Cities, this unique area possesses some of the best resources of a major city, without the problems and hassles of a major metropolitan area.
Global Accelerator Register is a curated listing of accelerators from around the world.
All companies face risks, and startups are no exception. As you seek financing from third parties, remember that once financing is obtained, the resources of those outside investors now face the same risks as your personal resources.