I haven't seen a deal structured this way. Usually they get 6-10% equity I exchange for some small amount of money ( ~ $25k ) and tons of mentorship. 15% for $20k seems high ( you are valuing your company at $133k ) but there might be more to it. Accelerators are great specially for unknown foun...
Hi, I currently work at Idealab and the body of knowledge and level of support for entrepreneurs is outstanding. I worked at 3 start-ups prior to joining Idealab and feel like I've learned as much in the past year here as I did at any of the start-ups. Plus the people here truly want to help an...
I've used UserTesting (and its service Peek), as well as other user behavior analysis tools like HotJar, Crazy Egg, etc. To answer your questions: 1. Do you use such services? If so, what do you choose? // I use them to either confirm or reject hypotheses I have about my product's/business' pe...
Typical pre-seed (100-500k) is 5-15% Seed (500k-2M) is up to 25% And over depends. The "potential of the next FB...." is just that, a potential. Don't fight over equity early but make sure you never give up more than 15%, don't offer board seats too early and no "right of first refusal" or "ri...
Did you checkout http://www.angelfairafrica.com ? http://techcrunch.com/2014/02/23/u-s-investments-surge-for-african-tech-entrepreneurs/ It does not matter where you are. Most of the Angel or Seed investors associated to startup accelerators in US or UK are accessible to anyone in the world as l...
Honestly there's too many to mention. Most successful founders are extremely kind and have a history of helping others... my quick list - Dave McClurre - Micah Baldwin - Clay Hebert - Mike McDerment - Jon Bischke - Gabe Luna - David Hassel - Mike Walsh - Bill Clerico - Hiten Shah - Gerry Pond -...
It depends :) Financing: When you're ready to start raising funds, C Corps (especially Delaware) are still preferred in the VC world although some angels are increasingly willing to invest in LLCs. Risk: When you're just starting off it's okay to have a holding LLC with DBAs. As you grow one ...
"Just" a startup? Most technical and design talent are more attracted to startup opportunities than working for big companies. So the issue is not that you're a startup, the issues are around how you make yourself the most attractive startup to the talent you're trying to recruit. The best way...
The amount of people who pay others over the phone for advice around the world. - Lawyers - Consultants - Coaches - Advisors - etc. So it's VERY big.
Hi. good questions. Answers: 1. Yes and No - it depends on what you're developing. If it is a cyber product or software, then investors would (usually) expect you to have in-house developers (meaning programmers which are part of the core team). If it's a website that offers services or an app,...