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Silicon Valley Entrepreneurs - East Message Board › New Funding Sources for Startups

New Funding Sources for Startups

Peter
Wiz4.biz
Group Organizer
San Jose, CA
 

New Funding Sources

5/12

 

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  

How to Apply?  1) If you feel your Executive Summary & Pitch are ready, send to Apply@BAEworkshop.com.  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 Peter@Engr-Net.com at 5 Start Startup Services (408) 833-5900

 
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