In the 7th part of her excellent series about funding, Elizabeth Crowell looks at networking and approaching friends and family as a source of investment. To read Part 6 of the series, about Venture Capital, click here.
We started this series talking about bootstrapping, and in short order progressed to the rarefied world of venture capital. But I want to take a step back, and remind founders about a potential source for funding: their friends and family. And although I discovered a roughly 50-50 split among entrepreneurs and investors advising for and against friends and family funding, the numbers speak for themselves. “According to the Global Entrepreneurship Monitor (Babson & London School of Economics), upwards of $50-$75 billion dollars is invested annually by friends and family in US startups. That is about 2 to 3 times the amount invested by venture capitalists and angels annually” (Bill Payne & Associates – Enabling Entrepreneurs). Clearly, it's an option to consider.
In the 6th part of her excellent series about funding, Elizabeth Crowell looks at venture capital, a source of investment which is often talked about, but frequently misunderstood. To read Part V of the series, about angel funding, click here.
Need more dollars than an angel round can bring? Your business might be right for venture capital. These two words solicit a host of reactions, but venture capital is a vital part of the funding ecosystem, meeting the needs of a small group of companies every year.
Great news, an investment fund which explicitly states that it wants to invest in female entrepreneurs. Time to talk! The Next Women talked to Dave Richards, Founder & Managing Partner of Unitus Seed Fund.
Dave Richards is an experienced entrepreneur, executive and global early-stage investor. He has been an early investor in microfinance and other emerging market sector businesses serving BoP (low-income) populations. Dave has been involved with the Unitus Group since 2005, helping to lead efforts to select and invest in BoP entrepreneurs in many developing countries.
Previously, Dave developed multiple high-growth technology businesses at RealNetworks, Sybase and Symantec from startup to multiple hundred million dollar global enterprises. He also is a partner with Social Venture Partners Seattle and leads the Social Innovation Fast Pitch startup angel fund. We spoke to Dave about investing in India; his thoughts on microfinance; and why Unitus Seed Fund is specifically looking for female entrepreneurs to invest in.
After our interview with the impressive founder Danae Ringelmann of crowdfunding website Indiegogo, I have been browsing for projects on crowdfunding sites. Books, films, products, there are so many projects which need to crowd to make it happen. One of the projects that we like to promote on our website is the Docu 'She Started it'.
She Started It is a documentary about the rise of women technology entrepreneurs in the US and Europe.
SEaB Energy Scoops £22k Prize Money From
Winning The First Annual Global Pitch Competition organized by The Next Women and Astia, on the occasion of the WeOwnitSummit.
SEaB Energy were crowned the winners for the first annual Global Pitch Competition, organized and presented byThe NextWomen and Astia at the We Own It Summit in London on Thursday and secured a cash prize of £22k from sponsors Technology Strategy Board, Microsoft and Astia Angel.
Do you know any women-led, digital media and technology companies looking for strategic relationships and investment opportunities?
Applications for Springboard's Media & Tech program are open until 28th June!
Building on the phenomenal successes of Minute Clinic, Via Cell, iRobot, Zipcar and hundreds of others in their portfolio, Springboard’s accelerator programs have presented some of the best clinical and commercial stage companies to the nation’s investment communities. Springboard has hosted 25 accelerator programs since early 2000 showcasing 500+ women-led companies that have raised over $5.6 billion in equity, grants and strategic investments.
The NextWomen LATAM Theme.
Felipe Matos is the COO of Start-up Brasil, a national program promoted by the Brazilian Government to foster and stimulate the nation's startup ecosystem.
The program provides funding, space, business services and mentorship through partnership with top accelerators.
Part V of Elizabeth's excellent series about finding investment. Click here to read Part IV on Business Plan Competitions.
Almost everybody would be happy to have an angel on her shoulder, and in high growth industries, angel investors are a likely path to funding. But who are angel investors, and how do they work?
Angels come individually or in networks and they are a well-established component of the funding ecosystem. Apart from friends and family, angel investors are usually the first investors to put money behind an aspiring entrepreneur's idea.
While researching this article, I found conflicting data in a number of categories – but however you slice and dice it, angels typically invest in seed or very early-stage companies, many of which have yet to earn a dime.
The NextWomen LATAM Theme.
As an Internet entrepreneur and investor, Fabrice Grinda has successfully transposed, adapted and invested in business ideas between the U.S., Europe, Asia and Latin America.
In March of 2006, Fabrice co-founded OLX, Inc. with business partner Alec Oxenford, in the hopes of building the largest free local classified site in the world. Until December 2012, as co-CEO, Fabrice drove the company’s business development, investor relations, M&A and product development efforts. OLX now has over 300 employees and is present in over 90 countries and 50 languages with over 150 million unique visitors per month.
Fabrice is also a prolific angel investor with over 100 active investments in various companies including Viajanet, Peopleperhour, Brightroll, and many others.
Kate Jackson, Founder of Tablecrowd and winner of The NextWomen Pitch Event tells her story about leaving the legal sector to fulfil her ambition to start her own business with her brother.
KJ: In a past life I was a commercial lawyer, advising clients ranging from startups to multinational corporations on commercial, contract, advertising and IP issues. I enjoyed the work, loved my boss but in terms of my vision for the future, as the months ticked by I found that I never aspired to be a partner in that organisation.
And, if you don’t aspire to be the top dog in the place you work then my view is that you are probably in the wrong place.