Frequently Asked Questions
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Funding (0)
everything related to gathering cash for your venture.
bootstrapping (1)
Make something with nothing.
Summary: When lawyers defer their legal fees, they
expect equityi for the risk of not getting paid. If their risk is low or
they’re not deferring fees, you can say no. In any case, offer them the
right to invest $25K-$50K in your financing instead of giving them free
equity.
A good general practice is to reserve true equity for KEY employees and investors. There are other stock options and deferred compensation tools to get help early and at low cost.
Read more here:
Also read here for contractor/vendor equity
seed (1)
It's tough. Look to your own resources first, even possibly including credit cards for smaller amounts. Friends, Family, and Fools is your next best bet, but make the agreements clear and official to reduce chance for dispute. Lastly, there are some organizations that do early stage seed funding. Check them out.
Charles River Ventures- Quick Start
KTEC local
guerilla marketing (1)
You can market either with your own blog or through other people's blogs. Blogging yourself is a great way to maintain a conversation about your product and/or the industry. Make it interesting from the readers perspective, not everyone is in to your product, help them get there. Downside: you have to blog regularly, weekly or more is best, anything less and there is not much reason to come back.
Blogging through others is more effective, because a third party is validating your business or product. Find the most influential blogger in your market and let them know about your product, if they do a piece, you have instant validation among a large audience.
Either way, quality content is king, make your posts enjoyable and your posts with have impact.
Team (1)
Summary: When lawyers defer their legal fees, they
expect equityi for the risk of not getting paid. If their risk is low or
they’re not deferring fees, you can say no. In any case, offer them the
right to invest $25K-$50K in your financing instead of giving them free
equity.
A good general practice is to reserve true equity for KEY employees and investors. There are other stock options and deferred compensation tools to get help early and at low cost.
Read more here:
Also read here for contractor/vendor equity
