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Gust Blog - Thoughts on startups by investors that fund them

Gust

Tim Berry , Founder, Palo Alto Software. The 10 Best Sources of Cash to Start Your Business. Money to build the business is the number one challenge for most startups. Tim Berry , Founder, Palo Alto Software. Like the problem solver I had been trained as in my software development days, I parsed his issue.

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A Startup Advisory Board Dream Team is Priceless

Gust

For example, if your startup is building a high-tech software product, a dream team of advisors would be a former CEO or high-level exec in another software company, a former software marketing executive, and a former financial executive. The Advisory Board’s objectives and focus.

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Don’t Let Investors Conclude Your Startup Is A Hobby

Gust

Software Development Process via Wikipedia. Even when your startup is a one-man show and lots of fun, a “business” needs some discipline and controls to keep it from being defined as a hobby by investors, and assure some financial return. Develop your business plan.

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Is gust.com a difficult platform to replicate?

Gust

When people would ask a similar question back then about the difficulty of software development, my usual response was “anyone can write a TAP program over a weekend that will work with 80% of the paging systems in the world…but getting it to work on the other 20% will take you a year.” despite having lots of competitors.

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What are the most valuable recommendations in order to raise money from VCs connected via Gust?

Gust

One excellent way to do this (with a good bit of help from the experts), is to create a draft business plan using LivePlan from Palo Alto Software. Gust is used by over 1,000 angel investment groups, accelerators, business plan competitions and support programs to manage their applications.

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Investors: Avoid These Investment Event Problems

Gust

In most of the events that I’ve participated in, that the appearance of a business plan contest is to some extent illusion. It’s not just a one-time pitch or plan contest. They’ve heard multiple pitches, poured over business plans, talked to customers, and looked at the legal work.

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Investors Know A Product Doesn’t Make a Business

Gust

Why is it that most of the business plans I see are really product plans? I define a product plan as a detailed description of your product or service, with a bit of business thrown in at the end. A business plan is a detailed description of your business, with a bit of product description thrown in near the front.

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