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Online Fundraising for Entrepreneurs: Three Key Steps

by / ⠀Funding Startup Advice / August 23, 2012

As an entrepreneur, there may well come a time when you need to raise money for your business. And quite often, you won’t want to take out a loan or give away precious equity. One solution is to start an online fundraiser that meets suits the type of business you have, the amount of money you need and the level of generosity within your existing network of contacts.…

5 Creative Ways to Raise Money (Without Giving up Equity)

by / ⠀Funding Startup Advice / June 20, 2012

We started Arden Reed, a custom menswear company, with only our savings. After a few months of operating, our cash had dwindled down to a few thousand dollars.  We had people knocking on our doors to invest and we still do, but we wanted to retain our equity for as long as possible. The founder of Maxim Magazine, Felix Dennis, once said, “Never, never, never, never hand over…

Startups – There’s a New Fuel Heading Your Way!

by / ⠀Funding Startup Advice / June 12, 2012

By this time, most startups and entrepreneurs have probably heard about the JOBS Act and the implications for the crowdfunding industry.  With the enabling legislation under the JOBS Act, startups will be able to utilize the power of the crowd to actually source investments as opposed to only soliciting donations for business ideas.   Startups will be permitted to raise equity investments through online platforms that will be…

Why You Should Consider Peer-to-Peer (P2P) Lending for Your Business

by / ⠀Funding Startup Advice / June 10, 2012

So here you are – you’ve poured as much of your own money as possible into launching your business, but you’ve just been rejected for a small bank loan – after several months of waiting – and your SBA loan application doesn’t look too promising. Now before you blow a gasket thinking about it, I’ve got good news and good news. That last bit wasn’t a typo. The…

Conquering the Road Ahead: 5 Tips to Secure Startup Funding

by / ⠀Funding Startup Advice / May 24, 2012

Whether early-stage, late-stage or development state, financing is the lifeblood of every startup, yet raising capital can often be quite challenging for entrepreneurs. The funding process is a long, windy road and without direction, you could easily lose your way. Here are a few tips I’ve learned from my personal experience on how to best attract investment dollars and commercialize your startup idea. Perfect Your Finance Pitch The…

11 Things Not to do When Trying to Raise Capital From Family or Friends

by / ⠀Funding Startup Advice / May 16, 2012

  Q. What’s one thing NOT do when trying to raise capital from family or friends for your startup? The following answers are provided by the Young Entrepreneur Council (YEC), an invite-only nonprofit organization comprised of the world’s most promising young entrepreneurs. The YEC promotes entrepreneurship as a solution to unemployment and underemployment and provides entrepreneurs with access to tools, mentorship, and resources that support each stage of their business’s development and…

The Downsides of Raising Money for Your Startup

by / ⠀Funding Startup Advice / May 13, 2012

Raising money should be seen as a means to accomplish ambitious goals for your company, not an accomplishment on its own. Securing investment from a prestigious venture capital firm can make headlines, but there are many downsides to raising money for an early-stage company. Here are a few: 1.) Dilution The earlier stage your company is in, the higher risk it’s perceived to have. This means lower valuation…

14 Ways to Keep Your Startups Costs Down

by / ⠀Funding Startup Advice / May 9, 2012

  Q. What’s one tip you have for keeping startup costs under control in the early stage of a new company? The following answers are provided by the Young Entrepreneur Council (YEC), an invite-only nonprofit organization comprised of the world’s most promising young entrepreneurs. The YEC promotes entrepreneurship as a solution to unemployment and underemployment and provides entrepreneurs with access to tools, mentorship, and resources that support each stage of their business’s…

6 Sources of Startup Funding and Their Pros and Cons

by / ⠀Funding / April 13, 2012

Alternative funding series brought to you by Verifico. Attempting to find financing for your startup can be confusing even discouraging, if you don’t have knowledge of your options. There are numerous routes you can take in both the Private Equity and Debt Financing worlds. It is essential to be knowledgeable about all of the options and to weigh the pros and cons of each before making a decision. Listed…

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