Articles tagged with: VC Questions
Financing, Quote, Raising Capital »
Ironically, raising millions of dollars is usually easier than raising thousands.
The way the system works is that if you build something of value, the money will find you. Yes, there is a catch-22: you need seed financing, but no one will give you a cent until you have a marketable product and your company is producing revenue—which means that you don’t really need the money. But that’s the way it goes.
-Vivek Wadhwa, From the TechCrunch Article “Ditch the Biz Plan, Buy a Lottery Ticket”
“…what I found was that I was getting advice when I was asking for money, and getting money when I was looking for advice.”
- Laura Fitton, oneforty.com. Check out the interview here.
This is a great interview. Laura Fitton founded oneforty, an iTunes of sorts for Twitter apps. She was “highly unqualified” to start a company, but was able to raise $2+ million from investors and landed Guy Kawasaki as an advisor. The story is long, but it’s definitely a must hear for those who think they don’t have the right background …
Pitching, Raising Capital »
Pocket Tales has had numerous meetings with potential investors and advisors over the past few months. Although many of these parties may not invest, its been extremely beneficial to not only practice the pitch, but obtain extremely valuable insight into various ways to build, operate and finance our business. So, below are a couple questions that Brennan and I have been asked (or have spent considerable time preparing an answer for) that may help put your startup in a positive light when engaging potential investors:
Why hasn’t someone already done this?
This question …