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How Startup Funding Works Nick Ducoff VP Content @ Boundless

How Startup Funding Works

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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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Page 1: How Startup Funding Works

How Startup Funding Works

Nick DucoffVP Content @ Boundless

Page 2: How Startup Funding Works

Been there, done that

• Saw lots of flavors• Closed $250m+ in VC

Page 3: How Startup Funding Works

Been there, done that

• Close to the heart• Startups I’ve been at

have raised $13m+

Page 4: How Startup Funding Works

Been there, done that

• Invested in 4 startups• 1 exited• 1 was in Techstars• 2 raised VC• IRR TBD

Page 5: How Startup Funding Works

Bootstrap

Can

Do it!

Can’t

Angels/FFF Incubators VC

Choose your own adventure

Quit!

Page 6: How Startup Funding Works

Bootstrap

• No salaries• No office• Open source software• Free apps• “Viral” marketing

Page 7: How Startup Funding Works

Angels and Friends, Family…Fools

• If your ____ is annoying now…

• Angel List• “Accredited” investors• JOBS Act (stay tuned)• Kickstarter• Convertible Debt

Page 8: How Startup Funding Works

Incubators

• Cash+ (but not a lot)• Mentorship• Discipline• Connections

Page 9: How Startup Funding Works

VCs

• “Seed” is just another flavor of VC

• Looking for traction– Revenue for SaaS and

enterprise startups– Hockey stick for

consumer startups

Page 10: How Startup Funding Works

Be warned

• Easier than ever to raise <$500,000

• Harder than ever to raise >$2 million

Page 11: How Startup Funding Works

Q & A