Items tagged funding in Jul, 2013
Filters: Year: 2013 × Month: Jul × funding × Sorted by date
What’s an idea worth?
I like Derek Siver’s model proposed here: http://sivers.org/multiply
[... 77 words]At seed funding stage, how can a Startup protect itself from losing the majority?
Firstly, don’t sell a majority stake in your company. Secondly, hire competent legal advice to make sure you fully understand the terms of your investment and don’t get caught out through misunderstanding board voting rights, preferred vs common stock, liquidation preferences etc.
[... 62 words]How do you impress a venture capitalist so much that he invites you from another country for a meetup?
Don’t make a big deal about the fact that you are travelling from another country. Try to get a few of them interested enough to want a meeting, then make a bigger trip out of it.
[... 61 words]Is there software that can help me keep track of contacts and referrals while I am building my seed round?
We used Highrise from 37signals for this when we raised our seed round and it worked perfectly. You can forward or BCC it emails, use it for tasks and reminders, tag contacts in it and use the mobile app for when you are at fundraising networking events (we used that to great effect at Y Combinator demo day).
[... 84 words]What is the inital costs for a tech startup? Do you have any checklist or spreadsheet?
Initial costs can be incredibly low—a few bucks for a domain name, $40/month or so for VPS hosting. Things only start to get expensive when either you need to scale up to multiple servers (which means you’re doing well) or when you start to pay salaries.
[... 70 words]