Go to your Tech Transfer office and talk to them about what other technologies in a similar space have been spun out, who is involved in each company from the university and outside. Find out those faculty, entrepreneurs and investors and talk to them. They will know who is most interested in wo...
"Right action, right time" Eric Ries The key is to invest in the parts of the product that need that attention. In the early parts of a startup (MVP) then it's all about building something to put in front of users. As that scales, then you can spend some time paying down the technical debt by ...
Advantages: 1. speed to grow faster than your competitors and gain a dominant position and marketshare (assuming you'll be able to translate funding into growth of your team and your customers). 2. In certain businesses, the right investors can make introductions that help accelerate your growth...
There are three ways to grow any business: 1. Increase number of clients 2. Increase average sale amount 3. Increase frequency of sales If your company is already fully booked, I suggest that you start by simply raising your prices. You might lose some clients, but usually when a business raise...
I just opened a normal business account and the used Stripe.com to process all credit card transactions - only tool 5 minutes.
First of all BE VERY CAREFUL about exiting investors while bringing new ones on. You cannot give investors money back out of proceeds raised from new investors. It's illegal (called Ponzi). This is a VERY tough scenario since you are dealing with two substantial issues - 1) building (or rebuild...
You need to show them that you can solve their problems. The #1 mistake made by most applicants is that they keep talking about themselves: "here are my skills, here's what I've done, etc..." Instead of talking about yourself, talk about them: "You need someone who can jump right in; someone w...
I'd suggest forgetting about trends, and instead focusing on finding problems that lots of people will pay you to solve for them. Here are some ways to get started: (a) Have a clear idea of the few areas where you may have a view of what lies just beyond the edge (technology evolution, market ...
I built Canada's first (and one of the world's first) crowdfunding websites that attracted over 115,000 members without any paid customer acquisition and distributed over $3m to charities so I can certainly attest to the fact that sites that focus on creating positive outcomes are attractive to m...
I second invision for showing quick online prototypes, but for something more versatile, i use AxureRP (www.axure.com) . The ability to build a sketchy wireframe or a pixel perfect app is amazing. I love it. Great for mobile gestures and animations. Go check it out - they offer a free trial. Con...