Andrew McLoed of RentMoola presents Funding Your Business 101
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Andrew McLoed of RentMoola tackles a common problem faced by all new companies, how do you fund your business. Andrew walks through the different options and explains the pros and cons of each option. Presented at Tech Vancouver Meetup February 2016 For videos of this presentation and more, visit our channel at: https://www.youtube.com/channel/UCDokAu_fcM5Jha1Dz8JnVNQ Follow us: Twitter: https://twitter.com/techvancouver Facebook: https://www.facebook.com/techvancouver Instagram: https://www.instagram.com/techvancouver Want to see presentations like this live? Join our the TechVancoiuver.org meetup group.
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Andrew McLoed of RentMoola presents Funding Your Business 101
- 1. FUNDING YOUR BUSINESS 101 TECH VANCOUVER FUNDING YOUR BUSINESS 101
- 2. FUNDING YOUR BUSINESS 101
- 3. FUNDING YOUR BUSINESS 101 Stage: You’ve got an idea and need money! • Who can you get money from? – A family member – A close personal friend or close business associate • Remember, nobody wants to invest in your company if you don’t have skin in the game FRIENDS & FAMILY
- 4. FUNDING YOUR BUSINESS 101 ANGEL (ACCREDITED) INVESTORS • Stage: I’ve built a product, I think people will like it but I need money to find out! • An accredited investor includes: – Financial institutions – Registered advisers or dealers – Pension funds – Mutual funds selling only under a prospectus or to accredited investors or persons buying at least $150,000 of securities – Corporations, limited partnerships, trusts or estates having net assets of at least $5 million – Have at least $1 million in financial assets before taxes. – Net income before taxes exceeds $200,000 – Have at least $5 million in net assets
- 5. FUNDING YOUR BUSINESS 101 SERIES A - VC All the money you could need! 30%+ of your company! Board seats Dilution Distraction
- 6. FUNDING YOUR BUSINESS 101 SERIES A – VC - TIPS • Don’t give up the farm • Be patient, don’t take the first deal • Interview your VC’s don’t sell – You’re looking for a partner not a sugar daddy
- 7. FUNDING YOUR BUSINESS 101 EQUITY CROWDFUNDING
- 8. FUNDING YOUR BUSINESS 101 EQUITY CROWDFUNDING • How to: – Accredited Investors – Offering Memorandum • Allows an issuer to sell its securities to anyone, regardless of their relationship, wealth or the amount of securities purchased. – Crowdfunding Exemption • The maximum an issuer group can raise is $250,000, up to two times per year. The maximum each purchaser can invest in a project is $1,500.
- 9. FUNDING YOUR BUSINESS 101 EQUITY CROWDFUNDING TIPS • It’s not easy! • It’s not for everyone • Keep it simple • Marketing is key • ABC
- 10. FUNDING YOUR BUSINESS 101 EQUITY CROWDFUNDING V. VC’s