FAQ of Startup Funding

by Wendy Soon on August 20, 2014

Dollarphotoclub_67248709_fundingbannerWhat are your queries on startup funding? Here’s an “FAQ” we have collated for Lili Balfour for our upcoming meetup. Are these the same questions you have, or do you have more? Comment below or come join us (live/online) tomorrow with Lili Balfour!

  • What is the best way to approach a VC for funding if you do not know someone to make an introduction?
  • How to Balance between the “big vision” and the “next steps vision” in my presentation
  • Why are average series A funding rounds in the US so much larger and easier to acquire then in Europe?
  • how to get funding?
  • How do you go from idea to an actual start up?
  • “Interested in creative strategies for seed funding ($500M) that helps lead to the larger investment needed in second round of up to $10M?
  • What is the best way to get in front of angel groups in Silicon Valley? What if a majority of the team is not located in SV, seems like some angels only do deals with teams here.?
  • How do you convince start ups that Finance is important–that having the fundamentals of their business in place is valuable?
  • What is the number one mistake startups make when it comes to preparing to raise capital?
  • Question on Sector wise breakup?
  • is there a good resource for me to look up all investors in a certain space?
  • Interest in (1) her experience and recommendations on startup funding, and (2) crowdfunding hardware electronics startups
  • if my startup is self funding, when will I decide to take financing? Also, expanding it will take money, how do I decide if my Biz is attractive to investors.
  • How to get funding for HARDWARE startups?
  • is the funder coming to you or you go to the funder?
  • How do you find out which angels might become a management problem?
  • What are the most common mistakes made while attempting to bootstrap a startup?
  • Can I use crowd funding to fund marketing & promotion of a mobile App? (its already built by me)?
  • Doesn’t running a crowdfunding campaign (Kickstrter) actually widen the gap between having a “product” for early adopters and having a real consumer product.?
  • Valuation – tricks of the trade?
  • I’m a Digital CPA and think Xero.com & LivePlan.com make a great combo for startups. What is the best way for a CPA to help and get involved with Startups as a Financial Advisor??
  • I am looking for seed and the company is pre-revenue positioned. Waht is the best approach to raise a minimum of 1.0 mil?
  • What level of control can you reasonably expect to maintain with regard to the startup when you are receiving capital from outside investors?
  • “Angel List? Should we use it? If so best practices?”
  • crowdfunding strategies?
  • How can I raise funds via crowdfunding?
  • How long should you continue to bootstrap ?

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Tweet about your Funding Dreams and Win a Prize!

by Wendy Soon on August 15, 2014

Dollarphotoclub_65112426_fundingbannerHave you dreamed for a long time about how life would be when your Startup gets funded (finally)? Do you have many plans and many things you want to do when the moolaa gets rolling in? Share with us in 6 words “What will you do if your Startup gets funded”? Remember, your biggest dreams and the first things you will do once you raise your first funds in just 6 words, no more and no less. (yes, we know you will have lots to say, but JUST SIX WORDS) And you can win amazing prizes. We’ll be announcing winners on the day of our next meetup on 20th Aug! How to Submit: Think hard and think long, get creative or get real! Make a statement or just have fun. Submit your great idea, Write a tweet with the six words on what you will do once your beloved startup gets funded. Use the format, startupname: 6 words #GetFunded #Igniter6Word @Vorkspace Tweet Examples:

  • Vorkspace: Start Growing As Much As Possible #GetFunded #Igniter6word @Vorkspace
  • Vorkspace: Poach top Google or Facebook coder #FundedStartup #Igniter6word @Vorkspace
  • Vorkspace: One Two Three Four Five Six #GetFunded #Igniter6word @Vorkspace

You think you can do better than that? We will see. Start Tweeting now! And remember, share your tweets and get as many of your friends to retweet them as possible, to increase your chances to win! No limits to the number of entries submitted per person. Contest ends 20th August 2014 (Wednesday), 7pm PDT. Winners will be announced at our next meetup. (winners must be present at the meetup to redeem prizes). Prizes: Winners with the best ideas will be selected based on the number of “retweets” and “favorites” of your idea, as well as our internal panel of judges.

Winners will receive the following attractive prizes:

1. Mrs. Moskowitz’s Munchies Gift bag (yummylicious bonus!) 7273042_orig 2. One free hour of Mentoring and Consulting with the Benchmark Financial Solutions team!!

Tweet NOW!!! :)

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Did you know that Lego was designed to build teams, not just architecture?

August 11, 2014

Lego, a popular line of toys manufactured by The Lego Group from 1949, consists of a set of brightly colored interlocking plastic bricks that can be assembled and connected in an infinite number of ways. They can be used to construct buildings, people, vehicles, and more recently, robots. With its huge popularity, targeting both children […]

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Raise Capital for Your Startup!

July 30, 2014

Although startups face all sorts of challenges and obstacles, the most common is still raising funds to either keep the startup going or to facilitate rapid expansion and growth. By popular demand, we have invited another speaker to speak about raising funds at our next meetup! Sign up early to prevent disappointment!   Date: 20 Aug […]

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What? You don’t have a Legal Strategy?

July 22, 2014

Donna Petkanics from Wilson Sonsini shared with us at our latest meetup on how not to get tripped up on legal matters, so you can focus wholely on building your startup.   Top 10 tips on setting up your company   Set a good foundation. Make sure you have everything in order in terms of leaving […]

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Tweet your Startup Legal Issues in 6 words, and Win a Prize!

July 17, 2014

Do you have lots to rant and rave about your Startup’s unwanted legal issues? Are you scratching your head about how you should resolve them, or trying to turn a blind eye to them? Share with us in 6 words “What legal issue does your Startup face”? Remember, your biggest legal concerns in 6 words, no more and […]

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Four tips to build remote virtual teams

July 14, 2014

The biggest challenge as a virtual team leader, is to earn the respect and trust of each and every virtual team member, without them having met you physically. So how do you earn that respect and trust, without the traditional interactions? What can you do that can improve your “presence” with them, and make them […]

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Global leadership team – do you have what it takes?

July 7, 2014

In this day and age of globalization, the number of companies that are based in more than 1 country is mind blowing. There were more than 80,000 MNCs in 2008, each with at least 10 foreign affiliates – up from just 4 two decades ago. In fact, 34.5 million people are hired worldwide by just […]

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Bill Reichert on How to Win Investors Over

June 30, 2014

Bill Reichert from Garage Technology Ventures recently gave an awesome lecture at our June meetup event. You might also have read about our takeaways from the event at our recent blog post. If you still wished you were there at the event, here’s an even more comprehensive report of his lecture — a video!   […]

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How you have actually been ticking off investors

June 23, 2014

Did you ever realize that all pitch books tell you the same stuff? But following every single thing taught in there never guarantees you funding from an investor. Why so? Because they are not always right! So what is wrong with all these books and lectures on pitching to investors? Hear from Bill Reichert, managing […]

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