Items tagged entrepreneurship, funding in Nov
In which case have you seen a non-tech sole founder rise to build a sustainable great company without a tech co-founder? How can this work? What are the steps/advice you would give to the non-tech founder?
Here’s a great write-up of his experience: From Selling Scoops Of Ice Cream To Founding ZeroCater | TechCrunch[... 110 words]
If you only need $10,000-$15,000 you should be looking at funding it yourself—professional investors very rarely get involved for that size of raise, and you probably wouldn’t want them to—giving up equity in exchange for so little money is usually a bad idea.[... 90 words]
There’s little a VC can do to convince someone to go and work for one of their portfolio companies that the company couldn’t do itself. They might hear about good candidates through their networks, but that candidate will still have plenty of other opportunities to chose from.[... 117 words]
Is it worth it to give up equity in a seed stage company for something other than money? E.g. access to multiple consultants/mentors, as well as regional angel and vc groups?
Yes, but not very much equity. It’s reasonably common to give small (less than 1%) stock grants to members of your advisory board for example.[... 75 words]
Is it worth accepting an investment from YCombinator if you have an established network in the valley?
Yes. Plenty of the companies in our batch at YC already had well established networks, and they still benefited enormously from the advice and introductions YC could offer.[... 295 words]