Funding a business is hard. You need to be creative about how you approach your finances, a skill that will serve you well in business.…
It’s almost always costly to turn a great idea into a successful product. Most startups fail because of a lack of access to adequate funding. How do you turn your startup vision into a reality? Here are a few suggestions. Self-Funding/Bootstrapping A lot of entrepreneurs begin their startups with an amount of self-funding (also called bootstrapping). Future investors are likely to be looking to know if you have…
When funding your startup, your goals may be modest or expansive; either way, you’ll want to start off on the right financial footing. Funding a startup may seem either easy or daunting. Much depends upon your previous experience with finances. Entrepreneurs who have dealt with financial matters in the past may find some of the following advice superfluous. On the other hand, those with little to no financial…
Are Special Purpose Acquisition Companies Dying Off? A Few Points to Consider.
by / ⠀Funding / June 1, 2021
SPACs have had a fantastic run in the last year through the end of Q1 2021, rising from a total IPO count of 59 in 2019 to 248 in 2020 and a whopping 311 in just the first quarter of 2021. The number of SPAC IPOs in the first quarter of this year exceeded the total of all of 2020. However, the number of new IPOs fell off…
If you’re like most people, you might come up with business ideas on the fly. These aren’t particularly thorough, but they might be a start.…
Solving Arguments through the Power of the Crowd: Interview with Imagoo Founder & CEO Mickey Hernandez
by / ⠀Entrepreneur Interviews• Entrepreneurship / September 13, 2013Only 12 credits short of graduating from UNLV with a degree in economics, Imagoo CEO Mickey Hernandez is in no hurry to graduate. “On my lunch break I run over to school to take a class and head back over to work for the rest of the day.” The 22 year-old has always wanted to create his own ‘baby,’ and has done just that with photo comparison app…
Funding for Small Business: An Entrepreneur’s Insights
by / ⠀Entrepreneurship• Startup Advice / August 29, 2013According to Venture capital database CB Insights, the total number of U.S. Venture Investments in 2012 was $28.3 billion – a large figure that actually was slightly down from the $30.6 billion raised in 2011. With several key economic indicators signaling an upturn in the U.S. economy, perhaps there is another reason why venture funding was flat (or slightly down) from year-to-year. Considering the worldwide fundraising phenomenon, called…
Ten Ways for Bootstrapped Students to Finance Their Business Ideas
by / ⠀Entrepreneurship• Funding / August 9, 2013You’ve learned it the hard way: college is your wallet’s biggest nightmare. You juggle student loans, housing payments, meal plans, textbooks, and all of the expenses that go along with the college experience. How can you possibly stake any money into that brilliant venture you’ve always wanted to launch? Unless you have one of those legendary rich uncles, you’ll need some of your own cash to get things…
Strange But Inspirational Crowdfunding Projects
by / ⠀Entrepreneurship• Finding Customers• Funding / August 2, 2013Banks deal in financing real businesses – retail businesses, manufacturing businesses, educational institutions – things that make profits. In the Carrey movie Yes Man, the bank that Carrey works for doesn’t even like to fund tiny home businesses – little home birthday cake bakers and the like. What do you do if your idea is even more off-the-wall then home bakeries? What if you wanted money for something…
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…
