This post is from 2016.
We’re going straight in on part two:
Terms you must:
- Venture Capitalist: an investor who either provides capital to startup ventures or supports small companies that wish to expand but do not have access to equities markets.
- Barriers to Entry: the existence of high startup costs or other obstacles that prevent new competitors from easily entering an industry or area of business.
- Angel Investor: an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity.
- Due Diligence: an investigation of a business or person prior to signing a contract, or an act with a certain standard of care. It can be a legal obligation, but the term will more commonly apply to voluntary investigations.
- Partnership Agreement: a contract between two or more business partners that is used to establish the responsibilities, and profit and loss distribution of each partner, as well as other rules about the general partnership.
- Venture Fund: investment funds that manage the money of investors who seek private equity stakes in startup and small- to medium-sized enterprises with strong growth potential
- Asset Manager: process of deploying, operating, maintaining, upgrading, and disposing of assets cost-effectively. The term is most commonly used in the financial world to describe people and companies that manage investments on behalf of others.
- Design Thinking: refers to design-specific cognitive activities that designers apply during the process of designing.
Some more quality pieces of advice for you:
- Design thinking is a protocol you can use to solve a problem. When working when designers, make sure their processes are intentional.
- We’re not competing in categories, we’re competing in culture. (Google: Chaucer Barnes. He’s the TRUTH.)
- Culture is defined by the provocateurs: people that reshape perceptions of what should be and what is. No trend tracking. No relevancy chasing. (Another Chaucer Barnes gem.)
- Conversations over followers. Customization over shares. (The new motto!)
- Make people ask questions. Questions give birth to conversations.
- The investor-entrepreneur relationship is a two-way street. Entrepreneurs - do your research on potential investors.
- Every investor isn’t right for you.
- Venture Capital isn’t for everyone. You must determine from the beginning if VC is a good fit for your company.
- Focus on engaging community to understand who your audience is.
Investors invest in founders who:
- … have realistic expectations for their marketplace.
- … have the ability to put together a solid team.
- … are open to feedback.
- … are transparent about all areas of the business.
- … can quantify their market.
- … have a board of key advisors.
- … are very self-aware.
- … know how to meticulously manage their cash flow.
- … can hit their milestones.
- … can articulate their market opportunity.
- … have solid business and revenue models.
- … understand their skillset.
… can learn on the fly.
You now have 60 additional items to consider when scaling your business. Now go out there, leave fear behind and GET IT!