Archive | April, 2009

28 April 2009 0 Comments

Nobody invests in an Idea!

That’s right, nobody invests in an idea. However they do invest in businesses. Business Plans are ideas and therefore are not very useful for getting investment. However, traction shows that your idea has been developed into a business. Logic would suggest that if you are looking for investment you should spend most of your time […]

21 April 2009 0 Comments

Never Contact Potential Investors Directly

This certainly applies to VCs. If you contact them directly or send in a business plan you are wasting your time. They rely on recommendations from attorneys, CPAs and trusted advisers. You have to go through these to get to the VC.

17 April 2009 2 Comments

Right first time or making incremental improvements?

When you start a new business you can fall into one of two categories. You can operate on the premise that you must be right first time or that you will rarely be right fist time, but you use your initial decision as a marker dart for incremental improvement. This is the fundamental paradigm of […]

15 April 2009 0 Comments

What if people with complimentary skills were to get together?

At the moment, we are seeing hundreds of thousands of highly skilled workers lose their jobs in different sectors. For instance, 21% of layoffs in Silicon Valley were in the tech sector. Some of which were among the most highly skilled. Today, UBS announced a further cut of 7,500 jobs in the financial sector.

8 April 2009 1 Comment

Don’t bother with a detailed Business Plan!

Research from the Robert H. Smith School of Business, University of Maryland shows that entrepreneurs need not worry about writing an in-dept business plan to get funding from VCs. The research shows that business plans play an insignificant role in the decision making process of Venture Capitalists.

4 April 2009 0 Comments

Sample Business Plan

I have put a sample plan for a start-up that is seeking external funding on Scribd.

3 April 2009 0 Comments

New SBA Boss

Karen Gordan Mills is the new US SBA Chief. Mills is a Venture Capitalist and former director of Scotts Miracle-Gro. She was president of MMP Group based in Maine and founder of New York based firm Solera Capital.

1 April 2009 0 Comments

Zero VC backed IPOs in Q1 of 2009!!!

Wow! there has been absolutely no Venture Capital backed IPOs in the first quarter of 2009 according to the National Venture Capital Association.