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News: NYS Governor Kathy Hochul Announces Launch of $30 Million Pre-seed and Seed Matching Fund Program

Gust

New York State Small Business Credit Initiative (SSBCI) and it's venture capital management arm, NY Ventures is providing support and capital of $30 million for it's Pre-seed and Seed Matching Fund Program to help early stage startups who are registered in New York.

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Startup Due Diligence Is Not a Mysterious Black Art

Gust

After you have successfully attracted angels or venture capital with your business case, your million dollar product idea, and you have a signed term sheet, there is still one more hurdle to overcome before investors write the check. If results don’t match what they have been told, all bets are off.

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

Gust

This means that by far the most effective way to reach a VC is to be introduced by someone who knows both of you and thinks it would be a good match. One of the primary ones is the referral source. Any legitimate investor who finds you through Gust will also contact you through Gust!

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5 Clues To Investor-Friendly Financial Estimates

Gust

Here are some basic rules of thumb that every Angel or venture capital equity investor uses, to help you anticipate their reactions. Show red ink to match your funding request. Venture capital requests that get satisfied are even lower.

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There Is Only ONE Silicon Valley

Gust

Don’t attempt to emulate Stanford and MIT when you can’t match their entrepreneurial landscape. To research universities : You may compete for research grants with the best and the brightest, but if you are not located in the Valley (or a few other places), tech transfer to a whole new generation of startups is unlikely to happen.

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Entrepreneurs: Due Diligence on Investors is Smart

Gust

Maybe more importantly, you need to confirm that the investor “chemistry” matches yours. Here is where you will really learn if there is a chemistry match that will likely lead to a good mentoring and business relationship. Here are some techniques for making the assessment: 1. Talk to other investors.

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The Rhythm Method of Product Iteration

Gust

Many startups feel that they must instantly match any new feature offered by a competitor, but that sort of attitude belies a fearful approach, a damning psychology easily communicated throughout the office. A similar culture of rhythmic change should be part of your corporate DNA for many reasons: 1. It instills confidence in your team.

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