article thumbnail

Startup Funding – A Comprehensive Guide for Entrepreneurs

ReadWriteStart

Any custom manufactured IoT device would require software development as well as hardware customization. Bootstrapping inculcates the entrepreneurial discipline and financial responsibility to run a lean business. ? You should also prepare an elevator pitch, which is a 5 minute verbal summary of your business idea and the plan.

Startup 150
article thumbnail

Finding a Technical Cofounder for Your Startup

SoCal CTO

I've talked about that in lots of other posts, so you can visit some of these to help determine what you specifically need: Startup CTO or Developer Startup Software Development – Do Your Homework Before You Develop Anything Key ingredients in the equation are: How complex is the system? Refine your elevator pitch.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Start a Small Web Design Firm

Up and Running

Create a Lean Business Plan. Instead, you can create an alternative to a traditional business plan—a Lean Plan which is easier to adapt throughout the life of your business. You’ll also need business cards, stationery supplies, and software that’s specific to your design work. Insurance, taxes, and software.

Web 86
article thumbnail

Equity-Only CTO and Equity-Only Developers

SoCal CTO

Refine your elevator pitch. Most of the great software startups that I’ve been involved in have at least one technical co-founder (and many have more than one.) Here are a few perspectives on it: Building a sweat equity team You simply need to network. Go to user groups. Go to tech (or other relevant industry) events.

article thumbnail

I Buy Dead Magazines (the art of the intro …)

Both Sides of the Table

I’ve written about the “elevatorpitch before. You can’t help but lean forward and want to hear what the next line is. Be ready for the elevator pitch – This is different than your opening line. But before this I built and sold two software companies. I also did a very short video on the topic. [if

article thumbnail

Finding Technical Cofounders Is Hard

rob.by

He argued that software engineers don’t finish what they start, and that you’re better off paying a technical person than partnering with one. Michael’s second problem comes from holding software engineers to an unprecedented standard of business savviness: Most software engineers aren’t business people.

article thumbnail

How Do You Know If You Have a Good Idea for a Business?

Up and Running

One of my biggest challenges at Palo Alto Software is figuring out which ideas to pursue and which ideas to put on the back burner. When you’re first considering a new business idea, skip the formal business plan and start with a one-page business plan or a simple elevator pitch to jot down the basic components of your idea.

Forecast 152