Remove Business Model Remove Partner Remove Seed Money Remove Technology
article thumbnail

8 Keys To That First Investment From People You Know

Startup Professionals Musings

Since they don’t know you (yet), their first integrity check on you as a person is whether your friends and family believe in you strongly enough to give you seed money for your new idea. We can all recount horror stories of families and friendships torn apart by money lost on someone else’s speculative dream. Don’t be one.

article thumbnail

8 Guidelines For Friends And Family Startup Funding

Startup Professionals Musings

Since they don’t know you (yet), their first integrity check on you as a person is whether your friends and family believe in you strongly enough to give you seed money for your new idea. We can all recount horror stories of families and friendships torn apart by money lost on someone else’s speculative dream. Don’t be one.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Designing a Corporate Entrepreneurship Program – A Qualcomm Case Study (part 1 of 2)

Steve Blank

In 2006, as a new employee of the Fortune 100 provider of wireless technology and services, San Diego’s Qualcomm , I volunteered to salvage a fledging idea management system (fancy term for an online suggestion box) by turning into a comprehensive corporate entrepreneurship program. (In ———-. The origin.

article thumbnail

Designing a Corporate Entrepreneurship Program – A Qualcomm Case Study (part 1 of 2)

Steve Blank

In 2006, as a new employee of the Fortune 100 provider of wireless technology and services, San Diego’s Qualcomm , I volunteered to salvage a fledging idea management system (fancy term for an online suggestion box) by turning into a comprehensive corporate entrepreneurship program. (In ———-. The origin.

article thumbnail

8 Key Actions for Entrepreneurs Needing Early Money

Startup Professionals Musings

Since they don’t know you (yet), their first integrity check on you as a person is whether your friends and family believe in you strongly enough to give you seed money for your new idea. We can all recount horror stories of families and friendships torn apart by money lost on someone else’s speculative dream. Don’t be one.

article thumbnail

Early-Stage Startups Need Friends, Family, and Fools

Startup Professionals Musings

Since they don’t know you (yet), their first integrity check on you as a person is whether your friends and family believe in you strongly enough to give you seed money for your new idea. We can all recount horror stories of families and friendships torn apart by money lost on someone else’s speculative dream. Don’t be one.

article thumbnail

No Plan Survives First Contact With Customers – Business Plans versus Business Models

Steve Blank

I thought his technology was was potentially a killer app. He said, “After we graduated we took our great idea, holed up in my apartment and spent months researching and writing a business plan. There must be something really wrong with our business. We thought we’d take our plan and go raise seed money.