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4 Things I Didn’t Know About Investors Before I Took Their Money

by / ⠀Startup Advice / May 18, 2013

So many of us are obsessed with get investors no one really talks about the real down side. So, you cashed the check, now what? Managing the relationship with your investors is an important skill that new entrepreneurs have to learn and sometimes the hard way. I really should title this blog post 1001 things I didn’t know about investors before I took the money but for brevity…

The Most Important Elements of Your Business Plan

by / ⠀Startup Advice / April 22, 2013

Whether you’re training for a marathon or have a dream of taking your business public, one of the most essential tools to success is writing down your goals. A business plan can help visualize every aspect of making your business successful. It tells you if your business makes sense or is viable. It helps you get financing. It communicates to the rest of your team (assuming you aren’t…

How to Value Your Business

by / ⠀Startup Advice / December 17, 2012

As anyone who has ever watched the BBC’s Dragon’s Den will know that wrongly valuing a company is one of the most common mistakes made by entrepreneurs when looking for investment or a profitable sale. This is because such valuations are, by their very nature, an inexact science. Ultimately, a business is worth only what someone will pay for it, and not a penny more. That said, taking…

Bootstrapped Budget? 5 things to know if you outsource

by / ⠀Startup Advice / November 22, 2012

When we had the idea of creating PrepLounge, my business partner and I knew that we could not afford it alone. Had we had a national (German) software company develop our website, we would definitely have needed additional seed-funding. We knew, however, that bringing investors onboard at a later stage would cost us a lot less equity. If we could somehow pay for it, we would be able…

Top New York Based Venture Capitalists You Should Know

by / ⠀Startup Advice / April 18, 2012

  Chris Dixon, Founder Collective The Co-founder of Site Advisor (acquired by McAfee) and Hunch (acquired by eBay) is quickly showing New York what our tech scene needs: successes.  While we don’t have an east coast Paypal who’s founders have spun off organizations like Founders Fund, Linkedin, Tesla and SpaceX, we do have Chris Dixon.  This Techcrunch contributor has invested his own money and Founder Collective’s, in companies…

Why This Pitch Competition Has Turned Into New York's Hottest Investor Feedback Forum

by / ⠀Startup Advice / December 6, 2011

Today, I’m proud to announce that I’ll be teaming up with Graham Lawlor to host New York’s Ultra Light Startups Event.  If you’ve never attended the event before, it’s grown into one of New York’s hottest Investor Feedback Forums.  Eight to ten startups come and present their ideas in two minute or less to an outstanding lineup of judges from major venture capital firms and angel groups.  The…

First Time Entrepreneur? No Funding for You!

by / ⠀Funding / August 30, 2010

Many young entrepreneurs don’t realize how hard the funding process is. You hear all day about these companies getting tons of money and it seems like VC money is flying around everywhere. However you don’t hear about the 1000s of ideas that are shot down or never got that funding they were after. Business Insider published a story about the fact that many first time entrepreneurs never get…

6 Steps to the Perfect Pitch

by / ⠀Startup Advice / February 4, 2010

Learn to succeed with investors–from a guy who failed. Shortly after my college graduation, a few friends and I started a new media company. Within a few weeks we fleshed out the concept, wrote a business plan and set out to seek financing. With a little hustle, I managed to get us a meeting with a well-known investment firm to discuss the opportunity. Even though our business had…

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