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.
How to Build a Winning Team
How to Create a Strategy, Vision and Mission
How to Create an Advisory Board
How to Get Funding
How to Improve Your Company
How to Improve Your Pitch
How to Start Your Company
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While there is no formalized list of “Thou Shall Not” items for start-ups seeking funding similar to the Ten Commandments, if there were, Thou Shall Not encumber your balance sheet with debt, would certainly make the list.
Even the great ones can screw this one up, case-in-point: Apple, Inc. Consider this lesson when preparing for your next investor pitch.
Capital obtained through an equity round would not result in a taxable event to the entrepreneur. It would constitute equity on the company’s balance sheet. Likewise, investment capital obtained through a debt offering would not result in a taxable event to the entrepreneur. Debt, such a Convertible Note, would constitute a long term liability on the company’s balance sheet.
Greensboro ranks number 9 in the country as a top city for startups, and scores high as a result of its favorable business environment. (source- wallethub, April 2015)
Salt lake City is the capital of Utah and it’s most populous city, and was announced as one of the best cities to found a startup.
(source- Datafox, December, 2015)
An estimated 93% of DJs still use printed songbooks and paper-slips for patrons. This becomes an exhaustive expense for the DJ and venue. The resulting pains are a negative experience for patrons and result in lower dwell times, less repeat patronage, and fewer dollars spent in-venue.
Chattanooga,TN, known as the “Gig City” ranks number 4 in the country as a top city and entrepreneurial ecosystem for startups. (source – wallethub, April 2015)