Advantages: 1. speed to grow faster than your competitors and gain a dominant position and marketshare (assuming you'll be able to translate funding into growth of your team and your customers). 2. In certain businesses, the right investors can make introductions that help accelerate your growth...
First of all BE VERY CAREFUL about exiting investors while bringing new ones on. You cannot give investors money back out of proceeds raised from new investors. It's illegal (called Ponzi). This is a VERY tough scenario since you are dealing with two substantial issues - 1) building (or rebuild...
One option is to provide dedicated support while letting the code be open. There are plenty of businesses that run on open, freely available architecture, and they make all their money by selling a "Pro" plan that allows people the security of being able to pick up the phone and ask a question. H...
I'd suggest doing three things to narrow down the field: 1.Try to sketch the business model for the startup idea http://businessmodelgeneration.com/canvas 2.Get good at doing quick and dirty market sizing of opportunities 3.Check if you are passionate enough about the idea to potentially spend...
The main reason is everyone else sold or overreacted to the market and pivoted. Yammer sold for $1B+ to Microsoft but could've easily been a 30B+ market cap company. Slide had some issues and continue to react to the market trying different things - had they focused on a real problem, they migh...
Hi! First, i would not give for free the service, even if the money they would pay is going to go support their communities, you want to build a 100 years business and not a 6 months hobbies. The best way to make them use your product, is giving them a free trial period (1 or 2 months) and afte...
I have a lot of background in live event promotion and also dealing with investors. Really it depends on the type and size of the event you are wanting to promote. Sometimes sponsors are enough to get you going depending on what the target market it is and if the ideal audience for the concert ...
Raising capital and funding for a business, especially in the early stages like pre-seed and seed rounds, can be challenging, but there are several strategies you can consider to secure funding for your dance and production company without relying on personal credit. Here are some options to expl...
From a corporate law perspective, the money is being invested into a COMPANY, not a product or portal. From an investor perspective, they are investing in 1. Team 2. Business NOT in a portal or a product. As an investor, if you're doing two completely different things with one company, I would...
I agree with Joseph: an objective assessment from a professional will provide the balanced insight you're looking for. You can accomplish that very inexpensively with a Clarity call ... or a couple of calls to different experts. Here are some of the things we'd want to know (and which you can as...