How to Get Funding •before you get “funded” by Chirstie Kerner
•Download as PPTX, PDF•
0 likes•324 views
Recommended
Recommended
More Related Content
Similar to How to Get Funding •before you get “funded” by Chirstie Kerner
Similar to How to Get Funding •before you get “funded” by Chirstie Kerner (20)
More from PHX Startup Week
More from PHX Startup Week (20)
Recently uploaded
Recently uploaded (11)
How to Get Funding •before you get “funded” by Chirstie Kerner
- 1. How to Get Funding •before you get “funded”
- 3. the funding landscape real life how to’s venture finance 101 early stage funding
- 4. ENTREPRENEURSHIP OPPORTUNITIES solve a need through a product or service: GROWTH Lifestyle Scalable Buyable SOLUTION Consumer Goods Services SAAS MARKETPLACE Local Online IMPACT Social International common categories @ChristieKerner
- 5. SMALL BUSINESS ENTREPRENEUR STARTUP ENTREPRENEUR *Inspired by Disciplined Entrepreneurship by Bill Aulet PROFITABILITY PROFITABILITY GAP: $5k-$500k GAP: $50k-$10M @ChristieKerner
- 6. SMALL BUSINESS ENTREPRENEUR STARTUP ENTREPRENEUR RISK Being so debt- adverse that growth is sacrificed RISK Being so detached from profitability that it never happens @ChristieKerner
- 7. As a startup CEO I slept like a baby. I woke up every two hours and cried. ~ Ben Horowitz, Andreessen Horowitz @ChristieKerner
- 8. TYPICAL TECH STARTUP PROCESS 1.Create demo of MVP Test w/100-500 people 2.Build functional prototype Get traction w/10,000 people 3.Monetize, if possible 4.Develop scalable product 5.Grow 6.Exit/IPO @ChristieKerner
- 9. TYPICAL TECH STARTUP FUNDING ROUNDS BOOTSTRAP/ANGEL (<$2M) SEED ($250k-$2M) A/B/C ($2M+) 1.Create demo of MVP Test w/100-500 people 2.Build functional prototype Get traction w/10,000 people 3.Monetize, if possible 4.Develop scalable product 5.Grow 6.Exit/IPO @ChristieKerner
- 10. TYPICAL TECH STARTUP FUNDING PATH SELF/FFF ANGEL VC 1.Create demo of MVP Test w/100-500 people 2.Build functional prototype Get traction w/10,000 people 3.Monetize, if possible 4.Develop scalable product 5.Grow 6.Exit/IPO @ChristieKerner
- 12. @ChristieKerner
- 13. The single necessary & sufficient condition for a business is a paying customer 1ST LAW OF ENTREPRENEURSHIP - Bill Aulet, Disciplined Entrepreneurship @ChristieKerner
- 14. CUSTOMERS FUND YOU never forget it, yo! @ChristieKerner
- 15. SMALL BUSINESS ENTREPRENEUR STARTUP ENTREPRENEUR BRIDGING THE GAP GAP: $5k-$500k GAP: $50k-$10M @ChristieKerner
- 16. LOANS Bank • 2yrs in biz • Profitable • Creditworthy Personal Personal Credit FFF: Write it up! Leverage Assets Lenders Accion incl micro Lending Club peer to peer Funding Circle Deal Struck @ChristieKerner
- 17. CROWDFUNDING EQUITY • Non + accredited investors • Giving up equity • AngelList, Crowdfunder, WeFunder, SeedInvest, Fundable, FlashFunders REWARD Ideal: product or artistic No simple task, but great for $ and exposure if it works Kickstarter, Indiegogo Get creative, it’s all about cashflow @ChristieKerner
- 18. CONTESTS: CORPORATE @ChristieKerner $6M, split amongst 12 winners in 3 categories
- 19. CONTESTS: REGIONAL Venture Madness by Invest Southwest $100,000 awarded annually, Open to companies located in the Southwest region which includes Arizona, Colorado, Nevada, New Mexico, Oklahoma, Southern California, Texas and Utah. AZ Innovation Challenge by Arizona Commerce Authority $6mm/year in prize money @ChristieKerner
- 20. CONTESTS: STUDENT @ChristieKerner It’s good to be an ASU student… changemaker.asu.edu • Woodside ($1500) + Changemaker Challenge ($10k) engineering.asu.edu/startup-center • eSeed ($1k x 30) + new alum programs coming soon wpcarey.asu.edu/eship • Igniter ($50k) + Pakis ($20k) + New Venture Challenge ($100k) entrepreneurship.asu.edu • Edson (*deadline 4/1/16) + Launch Days entrepreneur.herbergerinstitute.asu.edu • PAVE
- 21. BE CREATIVE, BE SCRAPPY • Strategic Partnerships, Licensing • Sharing Economy: Cashflow • Customer Funded Business Model • Startup Weekend, Accelerators, Incubators • Grants, Externs • Tech partners: freebie.supply @ChristieKerner
- 23. ENTREPRENEURwhat is an entrepreneur? @ChristieKerner
- 24. The only people who work 80 hour weeks to avoid working 40 hour weeks ~ Lori Greiner @ChristieKerner
- 25. ENTREPRENEUR the pursuit of opportunity without regard to resources currently controlled early 19th century: French, from entreprendre ‘to undertake, launch, begin, set about’ ~ Howard Stevenson, HBS
- 26. @ChristieKerner
- 27. #1 CHARACTERISTIC?necessary for success in entrepreneurship @ChristieKerner
- 28. RESOURCEFULNESSyour ability to #FSO @ChristieKerner
- 29. @ChristieKerner IDK is *only* the beginning of the conversation
- 30. YOUR JOB: #FSOin funding and everything else @ChristieKerner