The Billion Dollar Startup Club has 101 companies as of July 2015, with the number one private company valued at $46 billion. It’s no secret, technology has revolutionized entrepreneurship. The explosive growth of tech-based companies is at its highest since 1995, surpassing the dot-com boom of year 2000.
Tagged: corporate VC
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
Entrepreneurial Ecosystem Spotlight
Startup Accelerator Spotlight
Startup Investor Spotlight
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Entrepreneurs have numerous options for obtaining funding to explore and validate their startup concept.
“We filter out half of these qualified interviewees in the first minute.”
The words were NOT an accurate reflection of the company I worked for.
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.
The key is that they are engaging and actively seek to understand all potential alternative points of view in the decision-making process.
If this research were to uncover the ‘secret sauce’, entrepreneurs could prepare accordingly and drastically increase their probability of successfully acquiring the funding.
An entrepreneur without funding is a musician without an instrument.― Robert A. Rice Jr.
Any entrepreneur who is serious about his trade will need to know about the term sheet.
Even the great ones can screw this one up, case-in-point: Apple, Inc. Consider this lesson when preparing for your next investor pitch.