Another way to fund your startup
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Another way to fund your startup
1–8 of 8 posts
Re: Another way to fund your startup
#2Interesting story - voted up.
I can't help myself, though: the trophy (at the end of the story) looks like it could have been a urinal from the original star trek series.
Re: Another way to fund your startup
#3Interesting story - voted up. I can't help myself, though: the trophy (at the end of the story) looks like it could have been a urinal from the original star trek series.
Our initial reaction was to fill it with beer. ;)
Re: Another way to fund your startup
#4Congrats, that's a great story.
Re: Another way to fund your startup
#5I would not recommend this. 200 hours writing a business plan that you could have spent building version one? This is the way startups would begin life in the Soviet Union, if it still existed.
Business plan contests are only good if (a) they take near zero time (i.e. you simply submit a business plan you've aready written) and (b) the judges are people you want to impress.
Re: Another way to fund your startup
#6I would not recommend this. 200 hours writing a business plan that you could have spent building version one? This is the way startups would begin life in the Soviet Union, if it still existed. Business plan contests are only good if (a) they take near zero time (i.e. you simply submit a business plan you've aready written) and (b) the judges are people you want to impress.
While that might be true I firmly believe that writing the plan helped us to have a much better focus for our application. Also, the 200 hours was for both writing the plan and building the prototype.
Re: Another way to fund your startup
#7for bay area folk interested in seeing what a Bplan competition is all about, the final presentations for the UC Berkeley Bplan is Thursday, April 26th.
learn more at: http://bplan.berkeley.edu/
a nice thing about this event is that the judges are top Bay Area VC's.
Re: Another way to fund your startup
#8Lots of companies in Cambridge, UK, start up from business plan competitions. Sure, the really top entrepreneurs may turn there noses up at such competitions but the rest benefit so much and more people understand the start-up process.
Also the sponsors love it and provide food and wine for the networking events.
Then the Mums and Dads also read about start-ups in the news and people everywhere are more supportive of entrepreneurship