Igniting Startups On and Around SSU

Because it takes a village

Funding the Venture

Undoubtedly the number 1 question people ask about starting up is how to raise money. Raising money is an important thing but it’s not the thing most entrepreneurs should be thinking about.

I had a conversation yesterday and we discussed how entrepreneurs think CASH is their base need (think Maslow’s Hierarchy) but it’s not the base need and it’s probably not even the good for them when they’re early. Your needs might be a logo or a website or customers – cash could help with those things but there are other options that you’ll learn a lot more from.

That said, if you’re looking to raise money times can be tough and getting to Accredited Investors can be tricky. There’s some ongoing debate around Crowdsourcing startup funding and I’d recommend you read:

http://www.geekwire.com/2012/angels-crowds

If you have a product or something individuals would actually want then you can consider Kickstarter to drive revenue PBS-style where people donate and you give them a thank you gift but that doesn’t work for everyone.

If you’re looking to raise money now I’d love to learn why now, what you’re going to do with the cash, and how you’re going about it.

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