Monthly Archives: January 2015

The Startup Garage’s Top 10 Best Blogs of 2014

The Startup Garage’s Top 10 Best Blogs of 2014

2014 was a momentous year for entrepreneurs and startup companies around the globe. Through out the year The Startup Garage has shared our knowledge, resources, and insights with you in efforts to skyrocket your success.

Below our Top 10 Best Blogs of 2014, we hope you find them invaluable and worth referencing time and time again.

How To Evaluate Your Startups Business Model

The business model is the means by which your company makes money for the value that you deliver to your customers. Learn how to create a strategy to monetize your product or service. Find out more here: How To Evaluate your Startup Business Model

What Type of Funding is Best for My Company?

There are three main sources of funding, family, friends, and founders.
Learn to how determine which funding source is right for you.
Find out more here: What Type of Funding Is Best For My Company

How To Raise Startup Capital In 120 Seconds

A quick pitch should serve as a teaser of what’s exciting and noteworthy to come next. The intention of a 2-minute pitch is to deliver a heavy dose of substance, content, and sizzle regarding your Startup’s investment potential.
Find out more here: How To Raise Startup Capital in 120 Seconds

Infographic What’s Your Entrepreneurial Vision?

Behind every entrepreneur or startup founder there is vision, mission, and purpose on how to serve the world at large.
What’s your vision?
To Make the World More…
Beautiful? Smart? Fun?
Find out here: Infographic What’s Your Entrepreneurial Vision

How To Determine Market Traction For Your Startup

Market traction is proof that somebody wants your product; it communicated momentum in market adoption. The more market traction you can demonstrate the less risk there is in the investment.
Find out more here: How To Determine Market Traction For Your Startup

Social Media A Startup Must-Have

5 Reasons why Social Media is no longer optional for your Startup Business. Find out more here: Social Media A Startup Must-Have

How To Define a Small Business Vs. A High-Growth Startup

A startup company, also referred to as a high-growth startup, is a company with a business model that is designed to be repeatable and scalable. This is directly opposed to a small business,
Find out more here: How to Define a Small Business Vs. A High-Growth

How To Write a Term Sheet For Your Startup

Technically speaking, a term sheet is a non-binding agreement that demonstrates a basic set of terms and conditions under which an investment is made, typically by either an angel or venture capital investor.
Find out more here: How To Write a Term Sheet For Your Startup

How Long Does It Take to Raise Capital?

The average time is somewhere between three to six months for both you Angel round and your Series A round. It really breaks down into three major steps.
Find out more here: How Long Does It Take to Raise Capital

Why A Business Plan Is Essential When Crowdfunding Your Startup

Letting the crowd fund your startup doesn’t mean allowing your business plan to go unwritten. In the business world, approximately 543,000 new businesses get started each month and funding those businesses comes from a variety of sources. Find more here: Why a Business Plan is Essential When Crowdfunding Your Startup

If you have a question about your Startup or you’d like to discuss our business plan writing services, feel free to contact us for a free consultation!

Avoidable Legal Dilemmas Every Entrepreneur Should Know

Avoidable Legal Dilemmas Every Entrepreneur Should Know

Although the verdict is still out whether or not entrepreneurship can be taught there are a few legal problems that all entrepreneurs can avoid with some proper foresight.

8 Startup Situations Every Entrepreneur Wants to Consider

1) Founder’s Agreement: Most co-founders will have some simple planning conversations at the beginning of the venture. However, it is important to take these conversations one step further by developing a Founder’s Agreement. The agreement should outline what each partner brings to the business, his/her roles, and how the business and its assets is distributed when the agreement is terminated. It should also demonstrate how and when the business will be terminated as well as methods for resolving disagreements among the founders. A Founder’s Agreement formalizes the initial planning conversations to ensure that there isn’t any confusion down the road when one party remembers the conversations differently than the other.

2) Non-Compete: It is important that you check your contract with your current employer for any non-compete clauses prior to transitioning full time in your startup, especially if your startup is in the same industry. Similarly, be sure to place a non-compete clause in your employees contracts to ensure that they cannot steal your trade secrets and become your competition.

3) Incorporation: Be sure to incorporate prior to raising capital as it will reduce the amount of tax that you pay when issuing yourself shares. If you delay incorporation until after you’ve raised a seed round your business will very likely have a much higher valuation and thereby holding you accountable for the increased value of those shares.

4) Social Media: Social media can be a business’ best friend or worst enemy. Remember that all posts on social media are public and permanent, so be careful what you post. Create a company social media policy to help ensure the proper use of social media among your personnel. Always handle online criticism with positivity, transparency, and professionalism.


5) Crowdfunding: Crowdfunding is becoming a rapidly growing method for raising capital. As a result, there are a lot of schemes that the government is trying to crack down on. Don’t put yourself at risk by overpromising and under delivering. Be sure to deliver on exactly what you promise. Also, be sure to read the terms and conditions for each site that you start a campaign on as they might be different from site to site.

6) Website: If you sell products on your website there are a few very simple compliance issues that you need to be aware of. For example, you are required to list your terms of service, terms of use, terms and conditions, and privacy policy on the bottom of the page. Don’t catch yourself in a legal quandary because you didn’t take the time or money to consult with a lawyer upfront.


7) Provisional Patent: Don’t wait until you start selling your product to protect your intellectual property. File for a provisional patent (or better yet, a utility patent) and protect yourself from day 1. Be cautions when speaking about your product to anyone outside of the company and do not share any trade secrets. Use non-disclosure agreements when appropriate, but realize that many parties, such as investors, will not sign them. Lastly, it is important to realize that, in most cases, you can discuss your startup/product/service without giving away anything that is truly proprietary.

8) Unpaid Interns: State and federal guidelines dictate whether an intern should be paid. Should they determine that you hired an unpaid intern that should be paid you could be liable t pay back pay, back taxes, and penalties. Be sure to learn your local laws and abide by them.

If you have a question about your Startup Funding or you’d like to discuss our business plan writing services, feel free to contact us for a free consultation!

Startup Business Funding Report 2014

Startup Business Funding Report 2014

The past year has been an eventful one for Startup Businesses in their quest to raise capital.

Venture Capitalists, Angel Investors, and Peer-to-Peer Crowdfunding soared in 2014, breathing new life into uncertain economy.

    Venture Capital Roundup

According to the PitchBook Platform 88 billion dollars in venture capital was infused into the global economy in 2014. Beating out any other single year ever, including the dot.com era.

Silicon Valley continues to reign supreme as the most competitive market to raise VC funding in, while hometown hero Uber took the largest 2 VC deals at 1.2 billion each.

On the east coast, the city that never sleeps, NYC is also thriving in the innovation economy, coming in 2nd in United States venture capital hubs. With the biggest VC backed deal going to coworking space, WeWork, with $355million dollars in funding.

It’s fair to say the venture capital ecosystem had an incredible run in 2014, transforming software startups into “unicorns” and providing hope and opportunity in the face of aversion. Whether or not all the risk will bring sustainable long-term rewards will become more evident in years to come.

    Angel Investment Roundup

2014 found Angel investors and groups becoming more prominent on and offline for early stage startups. At this time the Halo Reports Q4 report for 2014 is still being compiled, however we anticipate a steady increase in investments similar to previous quarters.

In Q2 alone 206 deals were funded totally $594million.
Pre-money valuation continued to rise jumping to $3 million in Q2, while Healthcare and Internet funding continues to be the most heavily funded industries.

Across the board opportunities to #GetFunded are abundant amongst individual Angels and Angel Groups globally. While with in the US, California, New England, and Texas have the most active investment networks.

    Crowdfunding Roundup

Crowdfunding is rapidly changing the landscape of Startup funding, and doesn’t appear to be slowing down. At the close of 2014, crowdfunding is estimated to add at least 270,000 jobs and inject more than $65 billion into the global economy, according to estimates from crowdfunding platform Fundable. 2014 turned platforms like Kickstarter and IndieGogo into household names. On Kickstarter alone 3.3 million people globally pledged more than ½ billion dollars last year, which is equivalent to $1,000 per minute. The funding brought to life 22,252 creative projects, exploding the alternative-funding platform.

Its clear Crowdfunding is disrupting how investors find opportunity and where entrepreneurs fuel their startup ideas. For the first time in history anyone can be an entrepreneur, investor, or both and the trend has yet to reach its tipping point.

    2015 & The Future of Capital Raising

2015 is sure to be a year of that will go down in history for innovative Startups and investment opportunities. The Startup Garage anticipates the following achievements in the next year: more women in the tech and the venture capital spotlight, emphasis on entrepreneurship and education with in academic institutions, and a rapidly expanding Startup Ecosystem.

If you have a question about your Startup Funding or you’d like to discuss our business plan writing services, feel free to contact us for a free consultation!