When you have a great business idea, you’ll need money to get it off and running. Funding will help you with product development, personnel, and office space—but how do you get your hands on that money? Nick Ducoff, VP of Content at Boundless, will walk you through the processes of securing funding, who to talk to, and how to best pitch your idea to investors.
2. Been there, done that
• Saw lots of flavors
• Closed $250m+ in VC
3. Been there, done that
• Close to the heart
• Startups I’ve been at
have raised $13m+
4. Been there, done that
• Invested in 4 startups
• 1 exited
• 1 was in Techstars
• 2 raised VC
• IRR TBD
5. Choose your own adventure
Bootstrap
Can Can’t Quit!
Do it! Angels/FFF Incubators VC
6. Bootstrap
• No salaries
• No office
• Open source software
• Free apps
• “Viral” marketing
7. Angels and Friends, Family…Fools
• If your ____ is annoying
now…
• Angel List
• “Accredited” investors
• JOBS Act (stay tuned)
• Kickstarter
• Convertible Debt
8. Incubators
• Cash+ (but not a lot)
• Mentorship
• Discipline
• Connections
9. VCs
• “Seed” is just another
flavor of VC
• Looking for traction
– Revenue for SaaS and
enterprise startups
– Hockey stick for
consumer startups
10. Be warned
• Easier than ever to raise
<$500,000
• Harder than ever to
raise >$2 million