Successful business owners understand the importance of cost-effectiveness. However, early stage companies shouldn’t cut corners on these three core elements.
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
Business Startup Spotlight
Entrepreneur Events Spotlight
University Entrepreneurial Program Spotlight
Women Entrepreneurs Spotlight
Incubators & Accelerators: Which Best Fit Your Needs? [Infographic]
Incubators & Accelerators vary widely making it difficult for the potential client to understand the differences between the two. Because of the applied variations related to the attributes within each, the differences are even somewhat difficult to explain.
Why Startup Investors Hate Debt [Infographic]
Do you have an investor friendly executive summary? What does that mean for your business? Here’s a guide to avoid the purgatory of being non-fundable to startup investors.
Startup Funding – The 4 Types of Players [Infographic]
Startup capital can come from various types of investors. Here are 4 types you may encounter and some tips on how to deal with each of them.
8 Options Entrepreneurs Utilize for Startup Concept Funding [Infographic]
Funding not only provides financial backing for the entrepreneur, but also validates the startup’s concept. Here are 8 resources every beginning entrepreneur should explore for concept stage funding.
Is it unrealistic to get seed funding for a startup at pre-product stage?
The quick answer is no, it is not unrealistic. In the article “8 Options Entrepreneurs Utilize for Startup Concept Funding” I discuss numerous funding options for concept companies to pursue.
Entrepreneur Events Spotlight: AngelHack
Attending our hackathons doesn’t just make you a part of our community, but makes you a better entrepreneur with more opportunity.
How do you pay your bills while in an accelerator program or operating with angel funding?
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.
Startup Accelerator Spotlight: FounderFuel
FounderFuel has accelerated 67 companies since 2011, with 14 acquisitions, 13 shutdowns and the remaining in operation.
Business Startup Spotlight: Cohorts of the 2015 – 2016 The TENN Master Accelerator Program
Each year, top early stage companies graduating from each of the nine accelerator programs in Tennessee are nominated to participate in The TENN, the state’s Master Accelerator Program. The nominees then enter a multi-tier screening process