Though Wall Street may still be chilly, for many start-ups, spring means that the seeds of change are taking root. Seed funding - from friends, family or angel investors - can mean a warming economic climate capable of cultivating growth.
After seeking interest in their product from industry players such as Technorati, KPCB, and Yahoo!, Josh Schwarzapel, Product Manager for Cooliris, and Soujanya Bhumkar, CEO for the company, recall how the founding team investigated how their technology could enhance the Internet landscape at large. Pitching Cooliris was not a one-time event, but a slow and steady process that picked up traction and slowly roused interest over time. Their case study proves the old adage that if you ask for advice, you get money, and if you ask for money, you get advice. Feedback, rather than funding, was the founders' initial pursuit. Ultimately, the start-up was able to garner both.
Taking its name from the early investors of classic Hollywood, Ron Conway and Mike Maples define the angel investor. In addition, they explain the differences between angel investors and venture capitalists, and point out why an angel's smaller dollars might be a better choice, as they're often paired with a broader range of exit strategies and tools to keep start-ups in business.
Demonstrating her lesson using a case study of a medical device company, KPCB partner Beth Seidenberg offers an illustrative example of what angel and first-round financing might look like for the upstart enterprise. Her advice includes tips on seeking seed money, and why a small company shouldn't go out for financing too soon. Incrementally building dollars around real milestones is critical for real investment and corporate success.
What's New Now - The EWeek Edition
Did you miss it? Last month the Stanford campus was host to Entrepreneurship Week (EWeek), a celebration of innovation and entrepreneurship. Over two dozen organizations joined forces to bring the program to life. Here are the video recaps and lecture podcasts that capture the event's spirit and initiative.
This video montage is narrated by the Stanford Technology Ventures Program's Executive Director, Tina Seelig. It documents the diverse events that made up Entrepreneurship Week 2009 at Stanford University. Faculty, staff, and student groups from the Stanford Entrepreneurship Network put together this entire week of panels, workshops, mixers, and fairs.
Three Silicon Valley dealmakers - Tony Perkins, CEO of AlwaysOn; Tim Draper, Founder and Managing Director of Draper, Fisher Jurvetson; and Michael Moe, Founding Partner of ThinkEquity - discuss the evolutions in online media, the power of partnerships, and other next-generation opportunities for the global marketplace.
As part of Entrepreneurship Week 2009 at Stanford University, the James Bond Casino Caper was an entrepreneurial creativity workshop. This five minute video shows how student teams, dressed as their favorite James Bond characters, helped to solve a simulated international crisis. With a meteor fast approaching earth, this group of inventors developed plans to either divert or mitigate the effects of the oncoming celestial body.