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25 lessons learned - Entrepreneurship 101

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As an entrepreneur, you need to develop a long-term financing strategy for your business. This session helps you determine what financing approach is right for you.

Key topics covered: bootstrapping, angel investment

Published in: Business
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25 lessons learned - Entrepreneurship 101

  1. 1. Co-Founder of ShopLocket Raised $1M+, Angel / VC Sold in 2014 to PCH Founder of Female Funders Founded Angel School Author of O’Reilly’s Funded 6 Time Angel Investor
  2. 2. #25 LESSONS LEARNED
  3. 3. VENTURE FUNDING IS NOT SUCCESS.#1
  4. 4. GROWTH HAPPENS ONE CUSTOMER AT A TIME.#2
  5. 5. RAISING VC MEANS YOU HAVE A BOSS.#3
  6. 6. YOU’LL GIVE UP 10 - 30% EACH ROUND NO MATTER HOW MUCH YOU RAISE. #4
  7. 7. IF YOU’RE NON-TECHNICAL YOU DON’T NEED TO STAY THAT WAY.#5
  8. 8. FOUNDER VESTING AGREEMENTS REALLY MATTER.#6
  9. 9. KEEP CLEAN MONTHLY FINANCIAL STATEMENTS.#7
  10. 10. EVERYONE MUST SIGN AN IP ASSIGNMENT AGREEMENT.#8
  11. 11. A HIGHER VALUATION IS NOT ALWAYS BETTER.#9
  12. 12. DO YOUR OWN MEDIA.#10
  13. 13. EARLY STAGE FUNDING IS ALL ABOUT OPTICS.#11
  14. 14. WORK THE BACKCHANNEL#12
  15. 15. ALWAYS STAY FOR THE AFTER PARTY.#13
  16. 16. CANADIAN INVESTORS IDOLIZE US INVESTORS.#14
  17. 17. IF ITS NOT A YES, ITS A NO.#15
  18. 18. LATER STAGE FUNDING IS HARD. GET PROFITABLE.#16
  19. 19. HIGHER PRICES, HIGHER REVENUE.#17
  20. 20. THE VALLEY WILL CHANGE YOU. GET ON A PLANE.#18
  21. 21. IF YOU’RE IN HARDWARE, GO TO SHENZHEN.#19
  22. 22. CROWDFUNDING IS A SCIENCE#20 hackathon.pchintl.com/launch-academy
  23. 23. THERE ARE NO MAGIC BULLETS. (NOT EVEN YC)#21
  24. 24. THE PEOPLE BESIDE YOU TODAY ARE YOUR “COHORT”.#22
  25. 25. PUTTING YOURSELF OUT THERE WILL PAY OFF.#23
  26. 26. “BALANCE” IS LOST GRADUALLY.#24
  27. 27. BE A COCKROACH.#25
  28. 28. katherine@femalefunders.com @KatherineHague

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