Tag Archives: Angel Investor

4 Reasons Why Startup Week San Diego Is Good For Your Life & Your Business

4 Reasons Why Startup Week San Diego Is From The Startup Garage

4 Reasons Why Startup Week San Diego Is Good For Your Life & Your Business

Celebrating and participating in local innovation has never been cooler for San Diegans, thanks to Startup Week San Diego.

Located in the heart of downtown SD June 14th-20th.

This action packed 6 day event is designed to be the premier catalyst for innovation, creativity, and entrepreneurialism.

If you haven’t decided to attend, volunteer, or showcase at the event yet, here’s 4 solid reasons why doing so is good for your life and business.

1.Cutting Edge Information and Education Resource:

Have you ever wanted to be in the know, while helping to create the future? Welcome to the innovation and information highway. #SDSW is the ultimate platform to learn from leaders in Software as a Service (SaaS) including mobile tech, consumer internet, hardware, and defense technology.

Here’s a sneak peak of a few speaker’s topics you won’t find elsewhere:

    “$h!T Founders Don’t Talk About” speakers Mel Gordon Co-founder of TapHunter along with Bryan Hall Co-Founded his own engineering services company, and David Warren CEO of the mobile app LIA, share honest, raw, and insightful stories from the front lines as a Startup Founders.
    “How to Launch A Product on Kickstarter” crowdfunding your business has never been easier and in some cases more complicated. 3 San Diego Startups share with you their journey and the how to’s of launching and successfully getting funded on Kickstarter.

2. Explore & Enjoy San Diego Venues Like Never Before:

San Diego Startup Week doesn’t believe in stuffy conference rooms or returning to the same boring location day after day.

The roster of venues includes: the newly constructed $185 million library, the Broadway Pier which is located directly on the harbor, Mission Brewery where craft beer is their passion, and a handful of cool Startup incubators and accelerators where you’ll experience startup work culture firsthand.

If you’re ready for a real adventure we recommend the “Startup Crawl” on Weds June 17th from 7-9pm.
Groups will trek or crawl to various San Diego Startup and Tech companies for office tours, product showcases, and samplings of local craft beers.

3.Exceptional Networking Opportunities

You’ve heard it before “Your Network is your Net Worth” Startup week promises to infuse a community of thriving business and creative minds together with fun relationship building
activities.

The Startup Garage Team recommends showing off your stellar networking skills at Startup Week Launch Fest on Sunday June 14th from 3-6pm outside on the Broadway Pier, featuring food, live music, and even LED hula-hooping!

4. Great Way To Invest in your Education, Yourself, and San Diego Businesses

Whether you’re an SD local or visiting for your first time there’s no denying the entrepreneurial spirit is thriving with in this beach city. There’s never been a better time to invest in those things that matter most.

All access passes for the entire WEEK tickets are only $50 per person, and current students can attend free of charge. And if you find yourself wanting to assist, and gain a more behind the scenes perspective, sign up to get involved as a volunteer here>> Volunteer

Now that we’ve giving you our Top 4 for Reasons to check out #SDSW, we hope you have the opportunity to enjoy San Diego Startup Week and all it’s unique offerings.


The Startup Garage Team looks forward to hearing about your experience at #SDSW tag us in your social media posts #TheStartupGarage and share with us any tips or lessons you may have learned throughout the week. Enjoy!

7 Lessons Learned From A Vegas Tech Startup Conference

Collision Con From The Startup Garage

7 Lessons Learned From A Vegas Tech Startup Conference

“ It’s A different kind of Vegas.”

Collision Conference invaded and innovated downtown Las Vegas, Nevada Cinco De May and 6th.

The 48 hour “crash course” included 7500 attendees representing 89 different countries, with a legendary guest-list that included: 200 WorldClass Speakers, 1000 Startup Businesses, 451 Tech Investors, and countless “smart” entrepreneurs.

Equally as interesting to the individuals that attended the conference, was where the event took place, “The Downtown Project” (Psst..If you haven’t heard this name get familiar with it, you’ll be hearing a lot about it.)

It’s there, just 6 miles from the infamous Las Vegas Strip, a small Startup town is brewing. The cutting edge urban revival project was heavily invested ($350million) in by Zappos frontman and startup cultural icon, Tony Hsieh.

His business model; to create a community of happiness, in an other wise depressed and dilapidated city centre… which leads us into lesson #1.

Lesson #1 Recognize potential and invest in it’s possibilities.

Startups Entrepreneurs are familiar with taking risks and getting comfortable in the uncomfortable. Tony Hsieh didn’t see the “Fremont Experience” and think let’s avoid this rundown area at all costs. Instead he said let’s immerse our company, culture and entrepreneurial energy into the infrastructure, and make old bones dance.

Lesson #2 Conferences, especially tech. conferences, need female minds in attendance.

Collision Conference acknowledged the fact that tech conferences tend to be sausage fests, and did something Different. They invited the top 150 females in technology to attend the conference complimentary, there by subtly shifting the dynamics of a male centric space.

Lesson #3 There’s an organic type of networking, it’s called Collision.

A Collision with another person, moves away from the hunt and gather mentality of standard networking events, and allows for the natural serendipity of individuals paths to cross.
Colliding with the right people at right place, and the right time, can become a natural and common occurrence.

Lesson #4 Never underestimate the power of food and lasting impressions.

Each morning upon entering the “event” attendees were treated to freshly baked blueberry muffins. The DoubleTree may have started this trend with freshly baked chocolate chip cookies, but the result remains the same… A feeling of being welcomed, comforted, and wanting to return for more.

Lesson #5 Collaboration is the easiest way to breed successful innovations.

In the chaotic sea of 1000+ Startup Businesses prepping and pitching to investors and want to be investors for funding and mentorship. I found myself wondering, how many of the Startup entrepreneurs conversed and collided with one another to exchange ideas and information? (please tweet us @startup_garage if you have a great Startup to Startup Collision story)

It seems that Collision Conference was the perfect landscape for new startup business ideas to emerge, and preexisting ones to flourish with new insights. However, my experience was everyone was there with laser focus in the hopes swooning the VC or Angel.

Lesson #6 You can’t talk Marketing without the other M word… Millennials.

#Millennials isn’t just a trending hashtag, they’re a population of 77 million people, 1/4 of the American population, who are socially and economically savvy. Millennials have big brands via-ing for their attention and approval. As a generation with an insatiable appetite for quality content and the Tinder mindset (swipe left and move onto the next) marketing power is shifting into the hands of the consumer.

Lesson #7 Innovation never sleeps.

Innovative ideas and solutions have no On and Off switch, they’re a constant switching in the mind of Startup entrepreneurs. It’s not enough that there’s a solution, the questions remains whether it’s the smartest and most effective solution possible.

There’s Startup towns brewing, do you hear it percolating?

A Tech Startup conference shifted my perception of Vegas from an epicenter of gambling, strippers, and intentional debauchery to a sustainable community of like-minded entrepreneurs, that when colliding together, have ability to transform even the most unsuspecting places.

The Correlation between A Startups Seed Round and Series A Round

The Correlation between Your Seed Round and Your Series A Round from The Startup Garage

The Correlation between A Startups Seed Round and Series A Round

Here at The Startup Garage we are often asked, “Has it become harder to raise capital for Startups nowadays?”

 

The answer is, yes and no.

On the one hand, the total dollars invested in U.S. startups in 2014 reached its highest point since the dot-com boom in 2000, according to Bloomberg. On the other hand, there are more startups competing for these dollars than ever before.

One of the hardest rounds to raise, and subsequently one of the biggest hurdles to startup success, is the Seed round. This round is potentially the riskiest round for an investor as most startups raising Seed capital have yet to accomplish any significant milestones that prove the concept.

The technology or product development is usually in its infancy,
The team is lacking,Traction is nominal if present at all, and The key benchmarks for success have yet to be proven. As a result, many good ideas never make it out of the gate.

Those that successfully navigate the Seed round significantly increase their chance at entrepreneurial success and at raising their next round of capital, the Series A round.

When raising a Seed round the question becomes, “How large of a seed round should I raise to maximize my chances of raising a Series A round?”

Smaller Seed rounds seem like a quick fix because they are simpler and faster to raise as they typically require less investors.

However, in order to raise a significant Series A round, the startup needs sufficient capital to accomplish enough milestones that will attract Series A investors. As a result, we see a direct correlation between the amount of capital raised in the Seed round and the amount of capital raised in the subsequent Series A round.

According to data from CB Insights, companies that raised both a Seed round and a Series A round can be categorized as follows:

  • Small – Below the 25th percentile (<$360K for Seed, <$2M for Series A)
  • Average – Between 25th and 75th percentile (between $260K and $1.5M for Seed, between $2M and $7M for Series A)
  • Large – Above 75th percentile (>$1,5M for Seed, >$7M for Series A)As depicted in the chart below, nearly half of all large Seed deals became large Series A deals. Most of the other large Seed deals went on to raise average Series A rounds with a small number raising a small Series A round.

For companies that raised small Seed rounds, 57% went on to raise an average Series A round, and only 13% raised Series A rounds of $7M+. Lastly, 63.8% of companies that raised an average Seed round went on to raise an average Series A round.

Moral of the story: if you plan on raising a Series A round, don’t cut yourself short during your Seed round.

Seed Funding From the Startup Garage

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

University of San Diego Hosts Competition to Fuel Entrepreneurship

University of San Diego Hosts Competition to Fuel Entrepreneurship

On Thursday April 23rd 2015 the University of San Diego School of Business will hold an exciting campus-wide competition in a “Shark Tank” like setting.

The V2 Pitch Competition is a free event with a diverse and action packed agenda including:

Networking Reception, Keynote Speaker James Brennen Co-Founder of Suja Juices, USD Student Entrepreneur Pitches, Bi-National Student Pitches.

Networking Reception 5- 6pm:

The opportunity to mix and mingle with Entrepreneurs, Investors, Mentors, and Academia in a unique setting.

Key Note Speaker James Brennan 6pm- 6:50pm:

James Brennan is the co-founder of Suja a San Diego based juice company, named #2 on Forbes Most Promising Companies in 2015. James is a hospitality innovator in award winning restaurateur, a successful social entrepreneur.

USD Student Entepreneur Pitches 6:55pm- 7:32 pm:

4 Teams of Startup Entreprenurs from University of San Diego will pitch live to a panel of angel investors for a cash and price package worth up to $100,000.

2015 USD Startup finalists include:

  • EquityEats a premier equity crowdfunding platform, dedicated to exclusively to restaurants, bars, and coffee shops.
  • Yes Man Watches a unique patent-pending watch manufacture, that redefines watch buckle sizing.
  • PhotoSurvey simplifies the sharing photo process from capture to collection sharing, a popular product used by Engineers and Architects alike.
  • myHerbPharm an online alternative pharmacy, that provides medicinal solutions based on traditional Chinese herbs.
  • Bi-National Entrepreneur Pitches 7:32- 8:15pm:

    4 Teams of Startup Entrepreneurs from Mexican Universities will bring their entrepreneurial ideas across the border, in efforts to increase economic development internationally.

    2015 Bi-National Finalist include:

  • Giftcar: A trending mobile application that provides sales and personalized gift delivery services
  • Stella: A wearable device measures UV sun exposure in real time, and notifies your smartphone when the wear should seek sun protection.
  • Brecher: Using rapid prototyping techniques, Brecher helps inventors and startup entrepreneurs manufacture ideas into products.
  • Mocket: A mobile application that rewards consumers for shopping with certain merchants, while helping businesses gain brand ambassadors.
  • Entrepreneur/Investor Individual Meetings 8:15-9:30pm:

    One on one meeting between Startup finalists teams and the angel investor panel to help deliberate the winners.

    Grand Finale and Award Ceremony 9:30pm:

    Cash prizes and awards that will help winning startup pitches turn business ideas into reality.

    The Startup Garage is please to be a part of the V2 Competition in look forward to helping evolve the Startup landscape both locally and globally.

    Register Today

    V2 Competition Event

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

    Where to Meet Venture Capitalists?

    Where to Meet Venture Capitalist from The Startup Garage

    Where to Meet Venture Capitalists?

    As a Startup Entrepreneur stepping outside of your comfort zone is a daily norm, especially in the search of funding for your business.

    Scoring a meeting with a Venture Capitalist becomes a network juggling act between strategy and innovation.

    A key point to remember when approaching VC’s is that the question always on the top of their mind is… Will your Startup idea bring a significant return on their investment capital?

    Assuming your answer is an undeniable yes,
    the following resources offer you VC networking location suggestions. We encourage you can develop your relationship further both personally and professionally, as often times the connections most beneficial come as a result of the most unlikely resources.

    Accelerator Programs

    Accelerator programs, unique startup events and other brain storming events offer great opportunities to meet hundreds of experienced mentors from around the world. Many of these accelerator events are held in Silicone Valley or other communities where experienced startup founders abound. Accelerator programs like the UnSexy, The SmashSummit and GeeksOnaPlane offer wonderful networking opportunities; a place where you can easily get your pitch heard by qualified investors. More importantly, you can also find mentors here who will help you develop your funding plan.

    The National Venture Capital Association

    This is a trade association that provides resources for entrepreneurs about VCs. It offers information about different venture capital organizations, tools you may find useful and resources to specific VCs and entrepreneurs. You can find this association at www.nvca.org.

    Angel Investing Service Companies

    Angel investment service organizations help entrepreneurs get started. Most angel investors have entrepreneurial backgrounds themselves, and in a wide spectrum do of industries, not just tech. Many angel investing companies fund large numbers of new startups. And if they don’t, well then they do offer critical business connections, hands-on mentoring and help in building a qualified management team.

    Online Resources

    You can search databases of Venture Capital and Angel investors on websites like Gust. This type of database gives you the opportunity to contact investors directly and pitch your idea.

    Angel Capital Association

    Also known as ACA, this association offers useful resources and information on ways entrepreneurs should prepare themselves for finding investors. It also offers a database with a list of professionals such as attorneys and accountants who help startups looking for funding.

    Local Events

    Local networking groups and events can also help entrepreneurs network with venture capitalists. Attend local Meetup events that pertain to your industry.

    Participate in local TEDx events; offer to be a free keynote speaker for local events or associations. This will help you network with other entrepreneurs and investor associations.

    Join local associations like the Small Business Association. This organization often has SBA investment programs you can join. Even if you don’t get funded this way, it will offer you the networking contacts you need to further your funding needs.

    Industry Events

    Another way of networking and meeting all the right people is by attending industry events and finding out how other entrepreneurs have attracted venture capital.

    Bottom Line

    Finding venture capital is not all that difficult any longer because there is so much information available over the Internet. At one time, this type of information was almost a big ‘secret.’ And only a chosen few knew where and how to find investors.

    Today, investors actually want to be sought out, and they hold important events, brainstorming sessions and more. They also give you specific information that can smooth the process for you and help you find the funding you need.

    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!

    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!

    The Unsung Heroes of Startup Funding – The Large Corporation

    Large Corporations Investing in Startups from The Startup Garage

    The Unsung Heroes of Startup Funding – The Large Corporation

    Sunne Justice sat across from me, explaining her company mission, and her interest in creating a conscious cloud technology business.

    She had a startup business that had successfully raised 1.5 millions dollars for a cloud technology venture.

    Listening, I was amazed, “How could a business, 5 years in the making; one that still had their product in beta (a type of tech trial basis), managed to raise so much venture capital?” “Of course,” I thought. “As an experienced corporate CEO, it must be easy for Sunne, to raise the money. She had the contacts.”

    But after a lot of research, some digging and a few interviews, I realized that many startups have found the venture capital they needed, and without too much of an effort; even without having too many corporate contacts or finance experience.

    They just knew where to look.

    If you have a great idea or an existing start-up that needs money to grow, you can borrow from friends and family but a better and more lucrative option, may be to find venture capital in the corporate world.
     

    Where Do I Find The Kind of Capital I Need?

    A new resource, just recently on the rise is the corporate world. More and more large corporations seem to be opening up venture capital funding departments.

    “Wait a minute! Wasn’t that something they tried in the late 1990s?”

    It is true. Many financial institutions and corporations tried their hand at venture capital investments and lost their hats in the process. But that was a time when corporations where only looking at the bottom line of a start-up. Now their vision is more global. They see start-ups as an opportunity for innovation.

    Venture capital funding has decreased since the late 1990s. But if you have a solid business plan, a good product or idea you can still find venture capital investors. They are everywhere and continually increasing. In fact, now multinational companies are venturing into the startup world.
     

    The Big Guns

    Yes, that’s right. Companies like General Motors, American Express, Verizon, Google and PepsiCo, are just a few of the blue chip companies that have fully functional venture capital departments.

    What’s The Deal? Why are large corporations implementing venture capital funding departments?

    There are several reasons for this. Some multinational corporations are looking to get a piece of the startup action… but more likely, many of these corporations see startups as a viable research and development solution.

    According to the New York Times, companies like General Motors, have investors based in their research labs. Large corporations across the globe are investing more than $20 billion in startups – and that’s no small chunk of change.
     

    The Startup Advantage

    Where other types of investors could be put off by certain startup investments because of a lack of real profit, large corporations see the same start-up venture as an opportunity. Blue-chip companies turned venture capitalists seem to be less concerned with profits, than they are with future innovative ideas.

    Corporations are often restricted by regulations and by internal policy. This impedes their ability to be innovative. So instead their idea is to share with small, innovative businesses that are outside their own corporate enterprise.

    For the large corporation, a promising startup could be a way to stay ahead of the competition; a way of innovating their existing products and of delivering superior value to their stakeholders.
     

    The Result

    The growth of successful startups is making established corporations reconsider new business opportunities and the way they search for innovation. Today, this means offering corporate venture capital, alliances, licenses and joint development. For them, venture capital departments have become a useful tool which they use to stimulate innovation.

    For startups, this new interest from large corporations is great news. It means more resources for their ideas, products and inventions. It means access to funds they couldn’t otherwise find, even if they find funding from friends and family. When looking for funds larger than a few thousand dollars, this is certainly a funding option worth considering.
     

    Finding These Venture Capitalists

    Before looking for corporate venture capitalists, you must make sure everything is in order. You need a highly-detailed business plan. You need guidance from experts in business plan development; experienced consultants who know what corporate venture capital departments look for; those who know what corporate investors to point you toward.
     

    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!

    How To Determine Market Traction For Your Startup

    How To Determine Market Traction From The Startup Garage

    How To Determine Market Traction For Your Startup

    The major thing to know about the first few years of funding a startup business is that in order to attract investor capital you must accomplish certain milestones.

    Accomplishing milestones helps to reduce the risk associated with the startup venture.

    Investors are constantly assessing risk when evaluating a startup and obviously prefer those that assume less risk. Additionally, accomplishing milestones allows you to raise capital at a much higher valuation because you’ve thereby improved the risk-to-return ration (i.e. the riskier the business the more equity the investor will need to compensate the level of risk).

    There are seven main categories of milestones that most investors assess when evaluating a startup
    investment opportunity:

    Business Planning

    – Team Building

    – Market Traction

    – Legal

    – Operations

    – Product Development

    – Founder Leadership

    The specific milestones that you need to achieve within each categories varies depending on the type of business and the stage of capital that is being raised(startup round, seed round, series A, etc).

    In this post, we’ll be focusing on the milestones that demonstrate market traction.

    What is Market Traction?

    According to Naval Ravikant, the Co-Founder of Angel List, market traction is simply defined as
    “quantitative evidence of market demand.” Traction is proof that somebody wants your product, it communicated momentum in market adoption.

    Why is Market Traction Important?

    Per usual, it all boils down to risk for an investor. The more market traction you can demonstrate the less risk there is in the investment.

    How Do You Demonstrate Market Traction?

    Adequate market traction will vary at each round of capital simply because you have limited resources
    to demonstrate it. Furthermore, one of the major reasons that you are raising capital is because you
    want to grow your current traction.When raising capital from Friends, Family, and Founders in the Startup Round the amount of market traction that you can demonstrate is limited. You likely don’t have a product developed that is ready for market, so traction in the form of sales is not attainable. However, you can show potential traction by demonstrating the size of the market and trends that support your product claims and solutions.

    Additionally, you can conduct primary research such as surveys and conversations with potential
    customers and/or partners to help validate your value proposition. Lastly, you can put together a clear marketing plan to demonstrate how you will reach potential customers.

    When raising Seed capital from Angel investors you will need to take your market traction to the next
    level. This includes obtaining some Beta testers and ideally, some paying customers. You’ll need a full scale marketing plan that proves a significant market opportunity exists based on what you’ve learned about the market to date.

    Ultimately, you need to prove that you understand the sales cycle for your business.

    Lastly, when raising Series A capital and beyond from Venture Capitalists or institutional investors you need to show how you will scale the business. By this point, you want to deploy the capital raised in earlier rounds to not only show that there is a demand for your product but that you can scale the product. In order to demonstrate this you need to understand what it costs to acquire a new customer and what the lifetime value of that customer is.

    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!

    Why A Business Plan Is Essential When Crowdfunding Your Startup

    Business Plans and Crowdfunding

    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.

    Most recently, startups are beginning to utilize crowdfunding sites to promote their ventures and raise the capital they need through online platforms.

    Similar to the popular TV show Shark Tank, startups have the opportunity to present their business to a number of “backers” who can potentially finance their business. Such crowdfunding websites are making it easier for new business owners to spread the word of their company and search for possible investors.

    On the flipside websites like Kickstarter, Indiegogo, and Fundable are allowing for investors to check out a multitude of emerging businesses for possible fruitful endeavors, which leads us to….


    5 Reasons Why A Business Plan Is Essential When Crowdfunding Your Startup

    1) A business plan will be used as a blueprint for your crowdfunding campaign.

    It will help define the purpose of your business/project, how it will operate, specify the exact amount of capital needed, and it how it will reward/benefit those that invest. These details are the key ingredients necessary for a successfully funded campaign.

    2) A business plan is a SYSTEM (S)aves (Y)ou (S)tress
    (T)ime (E)nergy and (M)oney
    when building and launching your business, both on and offline. Going through the process ahead of time, can prevent and even correct mistakes that might have otherwise gone overlooked.

    3) A business plan is one of the most compelling marketing tools available to enroll others in your mission. After all, a crowdfunding campaign is only as successful as it’s amount of supporters.

    4) A business plan will be used as an internal tool for you business as well, guiding your company through the first 3-5 years. Following this document with in your business will provide structure and stability, even during the most uncertain of times.

    5) Eventually crowdfunding capital runs dry, and you need to look for your next funding source. Most likely that would be an angel investor, an individual who typically invest between $25,000- $100,000 of their own money. Angel investors want to see facts and figures. They want a well thought out business plan, one that demonstrates you have taken the time to do research, plan and organize your startup business. Exemplifying less risk and more return on investment.

    2015 will be a revolutionary year for crowdfunding; with current trends stating an average of 325 new crowdfunding campaigns launching everyday.

    This means investment opportunities and competition for funding are expanding at a rapid pace. Are you ready to #GetFunded?

    Don’t let your business plan remain unwritten.

    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!

    How To Raise Startup Capital In 120 Seconds

    How To Raise Startup Capital In 120 Seconds

    7 key takeaways from the Tech Coast Angels Quick Pitch Finals 2014.

    Think of a quick pitch as you would a movie trailer.

    1) 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.

    A simple outline when delivering a quick pitch is:

    • Your name and title
    • Your business name
    • What problem inspired your business?
    • What is your solution?
    • What does your business need to achieve the next level of success?

    In this specific instance, a panel of 7 judges, scored the 10 startup finalist in 2 separate categories: Content and Style. Each judge held up a scorecard with 10 being the best and 1 being the worst, for each category.

    2)Decide who on your Startup Team best delivers your company’s message.

    Not all founders or co-founders were meant to step on stage (in this case in front of an audience of 500 people) and “perform.” Explore who on your team accelerates in public speaking and leverage that ability.

    For AstroPrint this person is CEO Drew Taylor, his ability to remain relaxed and assured during their pitch, made a “high-tech” complex process simple to comprehend.

    3) Practice. Practice. Practice.
    There is only way to become a Quick Pitch Master, the answer is practice, practice, and more practice. Practice not only your pitch with different people, but also in different environments.

    Perhaps this was the winning ingredient for nPruv CEO Summer Rogers. The panel of judges applauded her for repeatedly practicing nPruv’s pitch in the auditorium where the event was taking place that night.

    There’s an unquestionable value and confidence that comes with practicing on the specific stage you’re presenting on.

    4) Engage with your audience.
    Quick Pitches are designed to create a level of curiosity and interest in the Startup. As the presenter, talk to NOT at your audience, help make them to feel they’re a vital part of a conversation.

    *It’s fair to note your audience includes not only the panel of judges, but onlookers as well.

    Doctible CEO, Ajit Viswanathan brilliantly highlighted this point. With in his presentation he included a slide with the judge’s pictures, which the crowd and judges went wild over. Making his pitch point both relevant and relatable to all.

    5)Enthusiasm.
    Remember enthusiasm is contagious. A Startup pitch with out enthusiasm can leave the listener feeling you’re not invested or inspired by your company, why should they be…

    GetTAGit.com CEO & Founder Ana Bermudez, oozed enthusiasm, from her walk, to smile, to tone of voice, it was clear she’s created a Startup she’s excited to share with the world.

    6)Timing.
    2 minutes or 60 seconds can seem like an eternity for some or race to beat the clock for others.

    In this instance a clock illuminated the back wall below the presenter’s slideshow. Regardless, of their feeling toward the ticking seconds, there was no avoiding it.

    Interesting enough, those Startups that concluded their pitch prior to time running out (5 of them to be exact) were not in the event’s winners circle.

    CleverPet Co-Founder, Dan Kundsen along with Companion Medical’s CEO, Sean Saint were the 2 out of 10 Startups with perfectly timed out pitches.

    7) The Pitch Close and Following up.
    At the end of a perfect pitch lies 2 key ingredients:

    • Summarizing your entire pitch in 1 sentence. Think about it like this, if your audience were to walk away with one message regarding your Startup what would you want that to be? Often times the close is also the tagline for your Startup.

    • Invite the opportunity for people to follow up with you, and find out in greater detail what about your Startup and the investment opportunity. All those finer details that a 2 minute quick pitch couldn’t cover.

    Congratulations to all 130 Startup Companies courageous enough to enter the Quick Pitch Competition, especially the top 10 finalist we had the pleasure of watching at the event.

    Special congrats to nPruv for winning the grand prize, Companion Medical for winning the content category, and GetTAGit.com for winning the style category.

    It’s Startup companies like yours that continue to shift the landscape of business innovation. Thank you!

     

    Whether 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!