How to Stop Holding Yourself Back From Building a Billion Dollar Business
“What’s holding you back is the thought that something is holding you back.” Ralph Marston
“What’s holding you back is the thought that something is holding you back.” Ralph Marston
Investors put their money into companies that have traction. This traction may be in the form of revenue, customers, or simple investor interest. Entrepreneurs should study the investor landscape, secure a lead or anchor investor, and then display their company’s profile publicly.
The world of finance is flattening. It has never been a better time for early-stage companies to raise capital. With SEC relaxing requirements and technology bringing people together, entrepreneurs are raising capital with ease.
The Top 10 US-based venture capital funds, based on amount of capital raised during the first quarter of 2014, pulled in $7.3 billion over 8 venture capital firms. Accel Partners and Draper Fisher Jurvetson each raised two funds. When it rains it pours.
By 1971, due to the growing number of semiconductor innovations, the region began to be referred to as Silicon Valley. Fast forward to 2014 and the landscape has been watered down by novelty apps, news aggregators, and get-rich-quick copycat companies. If we had to name this same region today, what would we name it?
As with any form of monetary solicitation, crowdfunding has its perils and setbacks. Let’s walk through the three deadly mistakes entrepreneurs make with crowd funding.
To date, over $1,000,000,000 has been pledged to Kickstarter projects, with the average project receiving approximately $20,000; enough to seed the initial stages of most ideas.