Remove Business Model Remove Partner Remove Seed Money Remove Startup
article thumbnail

8 Keys To That First Investment From People You Know

Startup Professionals Musings

Since they don’t know you (yet), their first integrity check on you as a person is whether your friends and family believe in you strongly enough to give you seed money for your new idea. If you set around quietly waiting for someone you know to offer you money to fund a startup, you will probably have a long wait.

article thumbnail

8 Guidelines For Friends And Family Startup Funding

Startup Professionals Musings

Since they don’t know you (yet), their first integrity check on you as a person is whether your friends and family believe in you strongly enough to give you seed money for your new idea. If you set around quietly waiting for someone you know to offer you money to fund a startup, you will probably have a long wait.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Early-Stage Startups Need Friends, Family, and Fools

Startup Professionals Musings

Since they don’t know you (yet), their first integrity check on you as a person is whether your friends and family believe in you strongly enough to give you seed money for your new idea. If you set around quietly waiting for someone you know to offer you money to fund a startup, you will probably have a long wait.

article thumbnail

Designing a Corporate Entrepreneurship Program – A Qualcomm Case Study (part 1 of 2)

Steve Blank

We realized this mechanism had been occurring for years at University’s startup competitions, such as the MIT 100K Accelerate Contest. We dubbed the program Qualcomm’s Venture Fest and the process, “ Collective Entrepreneurship ”, a three-phase program combining crowdsourcing with entrepreneurial techniques for startup creation.

article thumbnail

Designing a Corporate Entrepreneurship Program – A Qualcomm Case Study (part 1 of 2)

Steve Blank

We realized this mechanism had been occurring for years at University’s startup competitions, such as the MIT 100K Accelerate Contest. We dubbed the program Qualcomm’s Venture Fest and the process, “ Collective Entrepreneurship ”, a three-phase program combining crowdsourcing with entrepreneurial techniques for startup creation.

article thumbnail

8 Key Actions for Entrepreneurs Needing Early Money

Startup Professionals Musings

Since they don’t know you (yet), their first integrity check on you as a person is whether your friends and family believe in you strongly enough to give you seed money for your new idea. If you set around quietly waiting for someone you know to offer you money to fund a startup, you will probably have a long wait.

article thumbnail

No Plan Survives First Contact With Customers – Business Plans versus Business Models

Steve Blank

I think my startup is going to fail even before I get funded.” He said, “After we graduated we took our great idea, holed up in my apartment and spent months researching and writing a business plan. There must be something really wrong with our business. We thought we’d take our plan and go raise seed money.