Gust

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Don’t Forget Grants If You Need Early Seed Money

Gust

A good place to start looking is the Small Business Innovation Research (SBIR) program, which is a lifeline for high-tech startups. That is time and resource that you must add to the million other high-priority startup tasks. Invested Interests entrepreneur grants startup' Processing and approvals take time.

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Series Seed or Convertible Note? Which one is more founder friendly? Which one do investors prefer?

Gust

Assuming the company is able to make effective use of the seed money to greatly increase the value of the enterprise, all of that value therefore accrues to the founder, rather than the investor. That is a swing of 15x from the investor’s point of view!

Valuation 150
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Build Entrepreneur Credentials Early and Wisely

Gust

Too many startups fail simply by missing the practical elements of money management, time management, and setting priorities. Most schools have business plan competitions, and even give out seed money to winners. Supplement course work with practical experience. Take advantage of inside and outside advisers at school.

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

Gust

The Truth About Building Startups from msuster. As a startup founder you rarely have much money in your bank accounts. I recently had coffee with a young friend who just finished his first startup. Should You Really be a Startup Entrepreneur. Entrepreneurshit. But it’s hard to know that from the press.

Monaco 122
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How does Convertible Debt work?

Gust

HOWEVER, since I really don’t want only my money back plus a little interest (heck, I can get that just by putting my money in a bank account, instead of into a very risky startup), we agree that at some point in the future I will be able to convert my loan into the equivalent of cash, and use that money to buy stock in the company.

Valuation 117