Tag Archives: Entrep Summit

How to Get A VC to Fund You

Beholden

Before the Entrep Summit, I was not very familiar with the venture capitalist (VC for short).  I have heard about them but was not sure how they figured in the world of business.

Turns out, VCs are the power behind great start-ups like Facebook (as you would have already found out if you watched the movie Social Network).

And through the Entrep Summit, I learned the hoops of how I can get funding from a VC.

But as I said in an earlier article, it is not simple.  A lot of money is at stake and venture capitalism is not charity – the venture capitalists are also in the business of making money.

But yes, getting funding from a VC might be well worth your time – it not only eliminates worry but it also lets you know someone believes in you and that someone has your back.

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Where To Get Money for Your Business

Harvest Time

There is an abundance of great ideas.

But the difference between the success and failure of a great idea is execution.  Many great ideas do not even get to go off the ground.

And many times the problem is money.

If he can, the idea-owner funds himself, or borrows from family, or a relative, or the bank.  Those are the usual, if not easy, avenues.

I attended the recent Entrep Summit of the Manila Jaycees and found out an additional avenue where the idea-owner cum businessman-wannabe can get funding for his ideas.

From venture capitalists.

Enter the mental picture of the shrewd investor: eyebrows lifted, having the singeing look as the hapless businessman explains why he needs money and why he does not have any and why in the world he has not gone far with his ideas.

Through the Entrep Summit, this face changed.

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