Seeking Funding? Be Aware of These 5 Details.

Posted by CateCosta under Raising Capital
From http://www.entrepreneur.com 3862 days ago
Made Hot by: SJC on April 10, 2014 4:53 pm

There is a common misconception that securing a round of funding means success. In reality, a round of funding is a stepping stone down a long path -- like a tool to an equation, far from the end result.

If you have the drive and determination to make your startup profitable, then realize money earned is much more powerful than money raised. Securing an investment is just the beginning. Along your road to securing funding you’ll realize these five facts about venture capital:

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Comments

Written by lyceum
3861 days ago

Cate: I agree with you. FundedByMe's goal is to become the leader in Europe and Asia. And when SEC is changing the rules, they could enter the U.S. market. For more information, please read this article in Forbes:

http://www.forbes.com/sites/alisoncoleman/2014/03/30/crowd-control-how-kickstarters-loss-became-swedens-gain/

I will write a blog post on crowdfunding, my experience with it and future business projects.

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Written by lyceum
3861 days ago

Cate: I recently attended a Meetup arranged by HUB Gothenburg. CEO, Danie Daboczy, told his story of FundedByMe. I think that they have come up with an optimal combination of equity, loan, and reward-based crowdfunding. Their own funding campaign reached SEK 3 million in less than two days.

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Written by CateCosta
3861 days ago

The optimal combination of funding depends on the business. Every entrepreneur needs to figure out the best option to get them where they need to be. Unfortunately, until the SEC gives us their rules, equity crowdfunding is still illegal in the US so that's not even on the table for my clients.

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