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6 Tips for Coming Up With Your Million-Dollar Business Idea

Up and Running

David sold his recording equipment for $50,000 and they borrowed the rest of their seed money from a bank. Beth developed her own intensive curriculum and, with the help of seed money from a student, founded YogaFit® in 1994 to fill the niche. reviews, reputation, Yelp!, David’s advice. If feedback, online ?reviews,

Detroit 156
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Entrepreneurshit. The Blog Post on What It’s Really Like.

Both Sides of the Table

He shut down his company gracefully and even thought it must have felt like a crap sandwich doing so I’ll bet his reputation is still solid with his backers. Think about it – most entrepreneurs who manage to raise seed money or venture capital usually raise enough money for 12-18 months maximum.

Monaco 420
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Understanding the Risks of VC Signaling

Both Sides of the Table

Chris Dixon provided some commentary on Twitter that he believes I missed “the most important point about fund size.&# He’s specifically referring to his point of view that entrepreneurs shouldn’t take seed money from “big VC’s&# (he defines them as > $100 million). Great reputation.

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Entrepreneurshit. The Blog Post on What It’s Really Like.

Gust

He shut down his company gracefully and even thought it must have felt like a crap sandwich doing so I’ll bet his reputation is still solid with his backers. Think about it – most entrepreneurs who manage to raise seed money or venture capital usually raise enough money for 12-18 months maximum. Many are well known.

Cofounder 122
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The Silliness Of Recapping Seed Rounds

Feld Thoughts

A company raises $1m of seed money from angels in a convertible note with a $6m cap. Assuming equity is raised at or above that cap, the total dilution, before the new money, is 16.6% (equivalent to an equity financing of $1m at a $6m post money valuation. Here’s the scenario.

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How to Fund a Startup

www.paulgraham.com

It wasnt because they werent accredited investors that I didntask my parents for seed money, though. When we were starting Viaweb,I didnt know about the concept of an accredited investor, anddidnt stop to think about the value of investors connections.The reason I didnt take money from my parents was that I didntwant them to lose it.

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From Nothing To Something. How To Get There.

techcrunch.com

For both companies, the initial traction enabled raising seed money to get them to a traditional VC investment.) Both PBworks and Ustream (the two most prominent companies I’ve been directly involved with) had a ton of work to do after gaining initial traction. I can’t code, and that’s a major disadvantage.