|Sent on:||Thursday, May 17, 2012 11:56 PM|
New Funding Sources
Our Speaker for Thurs 17 May was Ralph Paterson/CEO of BAE Workshop – which helps Entrepreneurs to prepare for Funding. He talked about the new Investors & the current investment situation.
New Investors: >150 Super Angels, Micro VCs & Large VCs setting up Seed Funding are: 1) very Entrepreneur-friendly, & 2) willing to fund companies w/out revenue.
New Rules: new JOBS* bill will allow new forms of Investing to *(Jumpstart our Biz Startups)
Old Criteria: You need Customers to get Funding, but you need Funding to get Customers.
New Criteria: these new Funding sources invest at Seed stage – before revenue.
Strategy: get Seed money to get traction, then get regular VC funding – once you have good performance.
BAE Workshop: screens Startups for “fundability” via: 1) Executive Summaries & 2) 30 minute Pitch + 30 minute Q&A.
Workshop: 1) Eight 3 hr am Sessions to improve your Biz Plan & Pitch + advice in setting up your company. $1500.
2) Invests $10-20K in each company.
3) Matches graduates to Funding Sources.
4) Sits in on their Pitch to Investors to give Entrepreneur feedback.
Expects to get >40% of graduates funded vs <1% that go directly to VCs
How to Apply? 1) If you feel your Executive Summary & Pitch are ready, send to [address removed]. 2) If your Exec Sumry qualifies your company, you’ll need to do a 30 minute Pitch + 30 minute Q&A. If BAE Workshop believes you are “fundable”, they’ll accept you into the Workshop and you’ll get the full benefits.
If you need help with your Exec Sumry or Pitch contact [address removed] at 5 Start Startup Services (408)[masked]