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In the post-bubble landscape, startups need to navigate their funding strategies wisely. Glenn Carter, an Entrepreneur in Residence at STARTech Early Ventures, explores essential funding sources and structures, illuminating what constitutes a "bubble" and the process of securing investment. This comprehensive guidance covers approaches to connect with friends, family, angel investors, and venture capitalists, alongside key concepts such as seed rounds, ROI, and gaining competitive advantage. Learn how to define your value proposition and size your market effectively.
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Capital-Efficient Funding After the Bubble Glenn Carter Entrepreneur in Residence STARTech Early Ventures 7/30/2003
Let’s Define our Terms • Funding Sources • Funding Structure • What is the “bubble”? • How do you get funded? • What does it look like now?
Funding Sources • Friends and family • Angels • Venture Capital
What is a VC • General partner • Limited partners • Likes risky investments? • ROI • ROI • ROI
Structure of VC Investments • Seed Round • Series A • Series B… • What is “cram down”?
How do you get funded? • Business plan • Problem solved • Technical • Value proposition • Market size • Customers • Capital efficient • 2 Minutes • “This is a good thing that should be done!” NOT • Compete for scarce resources based on ROI
What’s next • Who knows! • Seems to be getting better • Fruit stand model