Spring time in Austin is always the most incredible season for entrepreneurs. Seeds are planted, bluebonnets rise, SXSW is in swing, and the world descends on the city to invent, innovate, and reach investors. This year, it seems, the startup du jour is in VR; with upwards of 300 VR related sessions and panels throughout
It might be the most frequently asked question by early entrepreneurs. If not that, the most frequently heard frustration from founders is, “I have customers, why can’t I raise capital?” Let me jump right in on the secret I’m about to reveal: customers aren’t the answer you’re seeking. Which is to say, the magic number
I had the honor of joining Austin Inno’s Billy Utt today on The Beat. His usual host, the resplendent Brent Winstom, was I’m sure preparing to cheer Dwyer or Haas to the 200m freestyle gold tonight, so I was called up from the deck to chat live about the latest in Austin innovation, via The Beat newsletter.
You take the stage, perhaps at a demo event or perhaps even in a smaller sense, with an Angel cattle call, group of investors, or even with the press. You’ve been practicing in front of the mirror for weeks the pitch designed for you by the local incubator, crafted after Guy Kawasaki’s famous 10 slides,
Among the most cited frustrations by entrepreneurs that can’t get funding, is that they have customers and sales, and that they’re being encouraged to get more. And yet… As we explored in a previous post (“Should I be raising money?”), with the utmost deference and respect to investors, the worst advice you might hear from
It’s a question asked so frequently, in a variety of different ways, that it finally occurred that it would be a good discussion to have. Should you be raising money? Of course the cop out is to reason that of course one should; you have revenue, customers, and you’re growing but you just can’t get