Posted: January 3rd, 2010 | Author: Chim | Filed under: Education, Entrepreneurship, Venture Capital | Tags: Articles, Education, Entrepreneurs, Entrepreneurship, Venture Capital | No Comments »
This is very helpful for my New Venture Project timeline.
Quick summary:
- Trying to raise money too late
- Trying to raise money too early
- Lacking a realistic assessment of the companys’ value
- Not building enough substance before approaching investors
- Not splitting the message into smaller chunks
- Preparing poor pitch material
- Pitching to the wrong investors
- Not pitching at all
- Getting too greedy
- Not willing to share risk
Read the whole post at Arctic Startup via 10 Mistakes Entrepreneurs Often Make When Raising Capital.
Posted: December 27th, 2009 | Author: Chim | Filed under: Entrepreneurship, Food for thoughts, Tools, Web 2.0 | Tags: Startups, Tools, Useful, Web | No Comments »
It is so hard to come up with a nice name for startup or new blog when most of the basic names are all registered. Then, most people come up with strange or too creative names to their website which are hard to search. But imagine that you can search for domain names with prefix and suffix easily and Nomaine can provide that type of domain name search. I will use this tool and some others (Google Insight for Search) for domain name registration.
http://nomaine.com/
Posted: December 22nd, 2009 | Author: Chim | Filed under: Education, Entrepreneurship, Food for thoughts, Startups, Venture Capital, Web 2.0 | Tags: Business plan, Canada, Entrepreneurs, Entrepreneurship, Food for thoughts, Internet, Venture Capital | No Comments »
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Aeryon
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CognoVision
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Avatar Builder
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Dayforce
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D-Wave
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Zoompass
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GanSystems
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GlassBox TV
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Social Software Solutions
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Metranome
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Morega
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NimTech
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Overlay.TV
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Peerset
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Post Rank
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REMCO Solid State Lighting
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Rypple
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Sixtron
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Skymeter
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You I Labs
Posted: December 20th, 2009 | Author: Chim | Filed under: Education, Entrepreneurship, Framework, Startups, Venture Capital | Tags: Articles, Entrepreneurs, Entrepreneurship, Startups, Venture Capital | No Comments »
I should be studying for my final exams, but I couldn’t resist reading posts from Startable. This time, they are sharing a neat and simple framwork to make a great business plan pitch. After reading it, it actually gives us tips to how to write and organize a business plan. I was very interested in the marketing part where it gives an idea of what VCs are looking for marketing data in the business plan.
Quick summary of the post:
- Passion - training and training will lead to a passionate pitch.
- Simple, Short and Concise - grab your audience attention in less than 10 minutes.
- Pictures are worth a thousand words – avoid putting all your business plan in one slide, use images instead.
- Convey what your business is in 90 seconds – tell your audience what you are offering to the market in 90 seconds.
- Keep text in a slide to no more than three lines – don’t put all business plan in one slide!
- Target market and market size – who you are selling to?
- Marketing - how are you going to sell to those people?
- Competition – list 3 competitors and why you are better then them and barriers to entry.
- Product - what makes your product unique? Any IP?
- Revenue potential – project and assume with pride, don’t be over consevative nor creative.
- Costs - identify cost and provide scalability savings.
- Team - why your team is the best to run the business?
Posted: December 19th, 2009 | Author: Chim | Filed under: Entrepreneurship, Startups, Tools | Tags: Entrepreneurs, Entrepreneurship, Social Network, Startups | No Comments »
http://sprouter.com/
Sprouter is a social network that connects entrepreneurs around the world. It is one of those website for grass-rooting campaigns for entrepreneurs to share their ideas. I’m not sure if that’s effective given that there are many social network dedicated to the same thing.
