article thumbnail

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

Up and Running

Voices.com , an online marketplace that matches voice actors with advertising agencies and TV and radio stations, began in 2004 as an idea scribbled down on a napkin by newlyweds David and Stephanie Ciccarelli. David sold his recording equipment for $50,000 and they borrowed the rest of their seed money from a bank.

Detroit 156
article thumbnail

4 Best Websites To Apply For Accelerators And Incubators

YoungUpstarts

Accelerators are mainly focused on helping companies achieve business growth in a short period of time, typically a few months, hence the term “accelerator” They support young companies by providing mentorship and seed money.

Incubator 127
Insiders

Sign Up for our Newsletter

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

article thumbnail

4 Best Websites to Apply for Acceleration and Incubation Programs

Kodorra

Accelerators are mainly focused on helping companies achieve business growth in a short period of time, typically a few months, hence the term “accelerator” They support young companies by providing mentorship and seed money.

article thumbnail

This Week in VC with @VCMike Hirshland of Polaris Ventures

Both Sides of the Table

This lasted from about 2001-2004. Since then Mike his built his career by investing in early-stage companies (seed or series A), which is remarkable given that Polaris Ventures is a $1 billion fund. So how is Mike able to do this at a time where others have warned against taking seed money from VC funds?

article thumbnail

Splunk Founder Now Launches Entrepreneurs, Not Startups

ReadWriteStart

Michael Baum ( @michaelbaum ), whom I first met at LinuxWorld at in 2004, has a charismatic personality and an extraordinary track record, largely unheralded. Despite earning Oprah money and minting more than 150 millionaires with six successful exits, including Splunk, currently valued at more than $5 billion, Baum has yet to retire.

Founder 60
article thumbnail

Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

I took money with a 3x participating preferred liquidation preference with 8% compounded interest annually. Ironically our business started to perform very will by 2004 but by then management had lost the dream of a huge upside. We managed the business because we felt responsible since we raised money.

Founder 329