Posts Tagged ‘TechStars’
Everything You Ever Wanted to Know About Convertible Note Seed Financings (But Were Afraid To Ask) – Part 1by Scott Edward Walker on April 9th, 2012
We are in the golden age of seed financing. Venture capital funds, seed funds, super angels, angel groups, incubators, and “friends and family” are all playing the seed financing game and investing early in startups in an attempt to land the next Facebook.
As a result, the pendulum has swung dramatically in the founders’ favor, and the issuance of convertible notes for seed financing has never been more prolific. Indeed, as a corporate lawyer for 18+ years, I have seen this development first-hand.
Walker Twitter Highlights: February 6th – 19thby Scott Edward Walker on February 19th, 2012
I’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues. Below are my five most popular tweets (via bit.ly) for the past two weeks and a few blog-related tweets. If you’d like to see all of my tweets (or an RSS feed of them), you can do so here. Cheers, Scott
How To Pitch Investors (via David Cohen of TechStars)by Scott Edward Walker on February 9th, 2012
To Our Clients & Friends: Welcome to our weekly series “Helping Entrepreneurs Succeed.” Each week, we share a favorite video of a successful entrepreneur, investor or business leader on a variety of topics. This week, we present David Cohen, the founder and CEO of TechStars.
In this extraordinary 30-minute clip (starting at the 8:45 mark and courtesy of This Week in TechStars), David discusses how to pitch investors by dissecting the actual pitch done by Alex White of Next Big Sound in 2009. Indeed, David specifically highlights the importance of:
- focusing on the first minute (especially in a group setting);
- describing the big problem in the marketplace – the pain proposition;
- demonstrating the product and how it addresses that problem;
- telling a story;
- “painting [your] vision” and not just focusing on what you’ve done to date;
- going after something “big and audacious” (a “big, hairy goal”);
- making sure that every slide has a point (“it exists for a reason”);
- not talking about your competitors – instead, talking about your differentiation;
- convincing investors that you don’t need a lot of capital (“we are cheap to keep alive”);
- demonstrating traction and your ability to execute;
- strategizing about the amount of capital you are trying to raise (“ask for less”); and
- “beating [investors] over their head with a couple of things that matter.”
I hope you enjoy it. Many thanks, Scott
Walker Twitter Highlights: May 9th – 15thby Scott Edward Walker on May 16th, 2011
I’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues. If you missed this past week’s Twitter updates, below are my five most popular tweets (via bit.ly) and my blog-related tweets. If you’d like to see all of my tweets (or an RSS feed of them), you can do so here. Thanks, Scott
Do More Faster – Part IIby Scott Edward Walker on April 28th, 2011
This is part 2 of 2 of my post regarding the excellent book Do More Faster, which is a collection of articles/blog posts by successful entrepreneurs and investors, including the editors David Cohen, the founder and CEO of TechStars, and Brad Feld, the managing director of Foundry Group.
Do More Faster – Part Iby Scott Edward Walker on March 9th, 2011
I just finished reading the book Do More Faster, which is a collection of blog posts/articles by successful entrepreneurs and investors edited by David Cohen, the founder and CEO of TechStars, and Brad Feld, the managing director of Foundry Group. As Brad noted on his blog: “Our goal was to write a unique book full of useful information for any early stage entrepreneur. Rather than give advice or simply tell an entrepreneurial success story, we decided to blend the experience of the TechStars entrepreneurs and the TechStars mentors in an organized fashion.”
Below are a few nuggets from the first half of the book; I will share some second-half quotes in my next post. Cheers, Scott
How Do I Raise Seed Capital If I Don’t Know Any Investors? – Part 2by Scott Edward Walker on October 20th, 2010
This post is part 2 of my three-part series: “How do I raise seed capital if I don’t know any investors?” In part 1, I discussed the importance of hustling and building relationships in order to get warm introductions to investors. In this post, I will discuss a different approach: applying to one of the mentorship/seed capital programs.
How Do I Raise Seed Capital If I Don’t Know Any Investors? – Part 1by Scott Edward Walker on October 13th, 2010
As a corporate lawyer for entrepreneurs, I am constantly asked by first-time entrepreneurs: “How do I raise seed capital if I don’t know any investors?” That’s a good question, which I’m going to answer in three parts. This post is part 1 – hustle and build relationships.
ODE TO OAF: A Personal Tribute to Jason Calacanis, Tyler Crowley & the Angelsby Scott Edward Walker on May 19th, 2010
In the spirit of entrepreneurship (and fun), I wrote the following poem about my experience at last night’s Open Angel Forum. (more…)