chasing billions with  zero knowledge one entrepreneurs guide to financing your dream   austin hill billionswithzeroknowle...
learning entrepreneurship beginning with zero knowledge <ul><li>entrepreneurship must be studied </li></ul><ul><li>i have ...
entrepreneurs role is to observe the horizons of change seeking ways to help their fellow man
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
professional investors want to invest in teams or proven talent
teams require the right players in the right positions
everyone on the team needs to be on the field
 
 
 
 
Love Money is the best kind <ul><li>Always starts with your own </li></ul><ul><li>Still a business investment </li></ul><u...
<ul><li>Under $100k angel & love money combined with small business and bank financing </li></ul><ul><li>Customer financin...
Angel Investors <ul><li>< $ 1 million investments </li></ul><ul><li>Syndicate of angel investors organized by entrepreneur...
Bank Financing <ul><li>Requires guarantees or strong existing business assets to secure loan </li></ul><ul><li>Government ...
Venture Capitalists <ul><li>Professional Investors with relevant experience </li></ul><ul><li>$ invested for preferred sha...
Investment Bankers <ul><li>Commission for organizing private placements or IPOs </li></ul><ul><li>Can appear in early or l...
Vultures <ul><li>Do financings to enrich themselves at the expense of the company & entrepreneurs </li></ul><ul><li>Death ...
Check your Motives
<ul><li>are your motives mercenary? </li></ul><ul><li>are you in it for the money? </li></ul><ul><li>give up now, there ar...
<ul><li>learn to love rejection </li></ul><ul><li>love learning from rejection </li></ul><ul><li>new types of rejections m...
 
 
entrepreneurs can be societies agents of change <ul><li>do you want to make meaning? </li></ul><ul><li>is the world a bett...
<ul><li>Failure is the price of admission to the community of entrepreneurship. </li></ul><ul><li>Making new mistakes fast...
entrepreneurship can get sticky <ul><li>A rare breed with tough skin </li></ul><ul><li>Superhuman effort required to face ...
Stay small and close to your customer Do more with less Do-it-Yourself Company Building
Avoid Undisciplined Growth Make your mistakes cheap and fun to make .
Find Mentors and Coaches
<ul><li>Double vision required to be visionary and detail orientated </li></ul><ul><li>Most entrepreneurs fail because of ...
Benefits of the Hard Work <ul><li>Rewards can be great </li></ul><ul><li>Freedom and career happiness </li></ul><ul><li>#1...
It’s the journey not the destination
Life's creative solutions require alone time. Solitude is required for the unconscious to process and unravel problems.  O...
illustrations by http://www.asafhanuka.com
photo’s by http://www.istockphoto.com
Talking ~ Listening www.billionswithzeroknowledge.com
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Chasing Billions with Zero Knowledge

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A presentation I did at the Montreal Youth Employment Services on entrepreneurship. I covered various ways to finance a startup. It covers various experiences I've had starting different types of companies.

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Chasing Billions with Zero Knowledge

  1. 1. chasing billions with zero knowledge one entrepreneurs guide to financing your dream austin hill billionswithzeroknowledge.com
  2. 2. learning entrepreneurship beginning with zero knowledge <ul><li>entrepreneurship must be studied </li></ul><ul><li>i have always had mentors & teachers </li></ul><ul><li>lessons shared among entrepreneurs </li></ul><ul><li>best lessons are earned at the school of hard knocks </li></ul><ul><li>training entrepreneurs includes making lot’s of mistakes </li></ul>
  3. 3. entrepreneurs role is to observe the horizons of change seeking ways to help their fellow man
  4. 19. professional investors want to invest in teams or proven talent
  5. 20. teams require the right players in the right positions
  6. 21. everyone on the team needs to be on the field
  7. 26. Love Money is the best kind <ul><li>Always starts with your own </li></ul><ul><li>Still a business investment </li></ul><ul><li>Treat it like a business investment </li></ul><ul><li>Include outside love money from advisors, angels and customers </li></ul>
  8. 27. <ul><li>Under $100k angel & love money combined with small business and bank financing </li></ul><ul><li>Customer financing and small startup capital costs </li></ul>
  9. 28. Angel Investors <ul><li>< $ 1 million investments </li></ul><ul><li>Syndicate of angel investors organized by entrepreneurs </li></ul><ul><li>Mentorship money entrepreneurs </li></ul><ul><li>Lightweight financing structures, less overhead & costs </li></ul>
  10. 29. Bank Financing <ul><li>Requires guarantees or strong existing business assets to secure loan </li></ul><ul><li>Government small business programs help </li></ul><ul><li>Best as a side dish to your primary financing to help grow your business </li></ul><ul><li>Love your BANKER </li></ul>
  11. 30. Venture Capitalists <ul><li>Professional Investors with relevant experience </li></ul><ul><li>$ invested for preferred shares & board presence </li></ul><ul><li>Different goals & type of relationship then angels </li></ul><ul><li>Can be costly for early stage companies (Time, Equity) </li></ul>
  12. 31. Investment Bankers <ul><li>Commission for organizing private placements or IPOs </li></ul><ul><li>Can appear in early or late stage financings </li></ul><ul><li>Prefer existing businesses with concept or cash flow proven </li></ul>
  13. 32. Vultures <ul><li>Do financings to enrich themselves at the expense of the company & entrepreneurs </li></ul><ul><li>Death spiral financings, early stage large equity deals </li></ul>
  14. 33. Check your Motives
  15. 34. <ul><li>are your motives mercenary? </li></ul><ul><li>are you in it for the money? </li></ul><ul><li>give up now, there are easier ways to make money </li></ul>why an entrepreneur?
  16. 35. <ul><li>learn to love rejection </li></ul><ul><li>love learning from rejection </li></ul><ul><li>new types of rejections mean you’re making progress </li></ul>rejection is the entrepreneurs diet
  17. 38. entrepreneurs can be societies agents of change <ul><li>do you want to make meaning? </li></ul><ul><li>is the world a better place because of your business? </li></ul><ul><li>do you improve someone’s life through your service as an entrepreneur? </li></ul>
  18. 39. <ul><li>Failure is the price of admission to the community of entrepreneurship. </li></ul><ul><li>Making new mistakes faster then your competitors in the right direction defines your success </li></ul><ul><li>Love your mistakes they will define your career </li></ul>
  19. 40. entrepreneurship can get sticky <ul><li>A rare breed with tough skin </li></ul><ul><li>Superhuman effort required to face daily opposition </li></ul><ul><li>Difficult times are guaranteed </li></ul>
  20. 41. Stay small and close to your customer Do more with less Do-it-Yourself Company Building
  21. 42. Avoid Undisciplined Growth Make your mistakes cheap and fun to make .
  22. 43. Find Mentors and Coaches
  23. 44. <ul><li>Double vision required to be visionary and detail orientated </li></ul><ul><li>Most entrepreneurs fail because of lack of double vision </li></ul>
  24. 45. Benefits of the Hard Work <ul><li>Rewards can be great </li></ul><ul><li>Freedom and career happiness </li></ul><ul><li>#1 means of achieving financial freedom </li></ul>
  25. 46. It’s the journey not the destination
  26. 47. Life's creative solutions require alone time. Solitude is required for the unconscious to process and unravel problems. Others inspire us, information feeds us, practice improves our performance, but we need quiet time to figure things out, to emerge with new discoveries, to unearth original answers. Ester Buchholz
  27. 48. illustrations by http://www.asafhanuka.com
  28. 49. photo’s by http://www.istockphoto.com
  29. 50. Talking ~ Listening www.billionswithzeroknowledge.com

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