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Failure

Why Are More Startups Going Bankrupt?

By | Oct 9, 2017 at 5:00 pm

It’s no secret that the vast majority of startups and small businesses eventually fail. The “8 out of 10 businesses fail” within the first 3 years statistic is commonly reported, but false. Still, more than half of businesses don’t make it past 5 years,…

Events

Seattle

6 Questions to Ask When Monetizing Your Startup

By | Oct 6, 2017 at 11:30 am

Many startups launch on an idea, but one integral aspect needs to be hammered out somewhere between a lightbulb moment and an IPO: The revenue stream. Everyone needs money, and sooner or later, a startup will need to pick a model. That’s how Hien…

Finance

6 Hard Truths I Learned About Personal Finance

By | Sep 28, 2017 at 5:00 pm

Like many, I have learned a lot about myself from being a startup founder. Some things were good (and fun) to discover, but others not so much. From day one, it was obvious that my personal financial situation would change as the result of…

Entrepreneur

Phoenix

Raising Capital Comes Down to Trusting Your Instincts

By | Sep 28, 2017 at 8:30 am

Your startup that was seeded with your own money is really starting to take off. With good business instincts and sound financial management, you’ve bootstrapped your business into a success. Your big idea has transformed into a thriving, rapid-growth company that’s turning a sustainable…

Tips & How To’s

Denver

How to Gain Access to Flexible Capital

By | Sep 27, 2017 at 9:20 am

In the startup world, capital, or a lack thereof, can cause a lot of problems for a budding business. Without it, employees can’t be paid, marketing campaigns can’t be launched, and the startup effectively can’t be run on a day-to-day basis. Fortunately, with supportive…

Finance

6 Ways to Quickly Bootstrap Your Startup

By | Sep 25, 2017 at 6:30 pm

Ask any startup founder and they are probably thing about money. At the end of the day, it’s hard to know if an external source of income will provide the edge you need to propel your company forward, or if it’ll simply detract from…

Interviews

Maine

Bootstrapping Your Company Comes With Challenges

By | Sep 24, 2017 at 8:30 am

Bill Keleher cofounded what is now known as Kennebec River Biosciences in 1996 when he was in his late 20s. He’s built the Richmond-based company, which provides laboratory services and health products to aquaculture companies, to a point where it currently has 15 employees…

Business

Portland, Maine

Should Maine Startups Really Be Worrying About Access to Capital?

By | Sep 23, 2017 at 10:30 am

Over the past several months, I’ve heard on several occasions that there’s a lack of capital available for early stage startups in the Portland, Maine area. This “access to capital” talk is typically surrounded by conversations about what the area is missing. While I…

Tips & How To’s

3 Crowdfunding Tips That Can Boost Your Campaign

By | Sep 18, 2017 at 8:30 am

Once upon a time if you wanted to get funding for a project you felt good about then you had to borrow money from friends or family or get a bank loan. Nowadays that’s not necessary. Today we have crowdfunding where you can potentially…

Finance

Phoenix

4 Ways Women Founders Prepare for Investor Meetings

By | Sep 14, 2017 at 9:20 am

Getting your pitch down, dealing with rejection, the stress of waiting for the big check and trying to make payroll are just some of not-so-fun parts of raising capital, but for many, it must be done. These days, more women founders and cofounders are…

Ecosystems

Dallas

Department of Commerce Awards $600,000 Grant To Fuel Dallas Entrepreneur Center

By | Sep 11, 2017 at 2:30 pm

In the startup world, capital can be hard to come by outside of the coasts. While New York and Silicon Valley enjoy a seemingly unending stream of funding, smaller cities have to either bootstrap, self-fund, or really impress a VC to get the money…

Opinion/Analysis

Should Startups Seek Venture Capital or Borrow From Banks?

By | Sep 8, 2017 at 5:00 pm

The early stages of a startup are delicate, and the single largest destabilizing factor tends to be money. Even with a brilliant idea and hardworking team, a lack of funding can capsize small companies quickly. Crafty business owners looking to keep the momentum rolling…

Pitch

5 Things to Include in Your Elevator Pitch

By | Sep 8, 2017 at 3:50 pm

Small message. Big impact. This is in short what elevator pitch is all about. An elevator pitch is a short sales pitch that you must be able to deliver within the quick span of an elevator ride. Think of a ballpark figure anywhere in…

Finance

4 Benefits to Bootstrapping Your Startup

By | Sep 5, 2017 at 8:30 am

Whenever I think of thousands of startups that are beginning their journeys every day, I remind myself of Bennett Miller’s “Moneyball”. A true story about the MLB manager Billy Beane who guided his team to the MLB finals on the lean budget and his…

Finance

4 Things to Consider When Raising Funds for Your Startup

By | Sep 3, 2017 at 10:30 am

For the last few years, I’ve been a partner at Founder Equity, an early-stage fund. Unlike most funds, we make large investments in talent, we have no fees or traditional carry, and we target companies with prospects for early liquidity. Raising money for a…

Ecosystems

Maine

Maine Technology Institute Wants Your Input on How to Spend $45M 

By | Aug 31, 2017 at 7:15 am

The Maine Technology Institute will receive $45 million as a result of the $50 million bond referendum that voters approved earlier this year and is looking to gather feedback on the process it will use to distribute it. MTI will be soliciting proposals from Maine organizations…

Startup

5 Pathways for Early-Stage Startup Success

By | Aug 12, 2017 at 12:45 pm

Even the mega tech companies started as small projects and startups, and now they are leading the world with innovation and technology through consistent success. Tech monsters like Amazon, Facebook, Google, etc. have one unique quality that they all share, they always come up with…