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When you have a great business idea, you’ll need money to get it off and running. Funding will help you with product development, personnel, and office space—but how do you get your hands on that money? Nick Ducoff, VP of Content at Boundless, will walk you through the processes of securing funding, who to talk to, and how to best pitch your idea to investors.
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How Startup Funding Works
Nick DucoffVP Content @ Boundless
Been there, done that
• Saw lots of flavors• Closed $250m+ in VC
Been there, done that
• Close to the heart• Startups I’ve been at
have raised $13m+
Been there, done that
• Invested in 4 startups• 1 exited• 1 was in Techstars• 2 raised VC• IRR TBD
Bootstrap
Can
Do it!
Can’t
Angels/FFF Incubators VC
Choose your own adventure
Quit!
Bootstrap
• No salaries• No office• Open source software• Free apps• “Viral” marketing
Angels and Friends, Family…Fools
• If your ____ is annoying now…
• Angel List• “Accredited” investors• JOBS Act (stay tuned)• Kickstarter• Convertible Debt
Incubators
• Cash+ (but not a lot)• Mentorship• Discipline• Connections
VCs
• “Seed” is just another flavor of VC
• Looking for traction– Revenue for SaaS and
enterprise startups– Hockey stick for
consumer startups
Be warned
• Easier than ever to raise <$500,000
• Harder than ever to raise >$2 million
Q & A
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