A2. Risk and the impact of their financing choice on the long-term success of their business #StartupChats
— LYNDON [THINK DIFFERENTLY] JOHNSON (@THINK_Lyndon) April 15, 2020
A2. Risk and the impact of their financing choice on the long-term success of their business #StartupChats
— LYNDON [THINK DIFFERENTLY] JOHNSON (@THINK_Lyndon) April 15, 2020
A2. I still own 100% of the equity in my businesses. I could have taken angel money [and could raise VC now I think] but it would have meant compromising and I'd have ended up building a company I have no interest in building #StartupChats
— LYNDON [THINK DIFFERENTLY] JOHNSON (@THINK_Lyndon) April 15, 2020
If you believe your business will benefit from external funding (debt or equity via angels and VCs) seek it out. Otherwise bootstrap first up until you've stretched your growth that it now requires external funding. #startupchat
— Chase Freo (@ChaseFreo) April 15, 2020
Great point @ChaseFreo! Just be sure to use the full #StartupChats hashtag so you can be included in the discussion
— Startup Canada (@Startup_Canada) April 15, 2020
To approach the right investors there has to be clarity on the target market size, growth, market share, and product market-focus (angel investors or VCs). Ability to service debt (bank loans) #startupchats
— Innovators and Entrepreneurs Foundation (@IEF_FIE) April 15, 2020
A completed Business Model Canvas is an excellent tool for this #StartupChats
— LYNDON [THINK DIFFERENTLY] JOHNSON (@THINK_Lyndon) April 15, 2020
A2 Consider an investment from a large, engaged customer. Figure out ways for a customer to pay in advance instead of by invoice (net 90). Shorten the cash cycles. @scotiabank #StartupChats
— Colin @ THNQ (@thnqninjas) April 15, 2020
A good capital structure has a mix of debt and equity financing - so it’s not a choice between the two but a question of the relative mix between the two. Equity financing can be used to raise a significant $$$. Debt costs less to raise. @scotiabank #StartupChats @can_wcc
— Nancy Wilson (@ThatNancyWilson) April 15, 2020
A2 Is the source of funding going to work for them? It's a relationship that will last a decent period of time and can be difficult if the goals of the funding provider don't match that of the entrepreneur #StartupChats
— helenastle (@helen1astle) April 15, 2020
A2 Firstly: why do you need funding? Is there a more organic way? too many businesses pursue funding as the end result. Sometimes it's necessary, sometimes it's because they lack creativity. @scotiabank #StartupChats
— Colin @ THNQ (@thnqninjas) April 15, 2020
A2. You should consider your mission, vision & values and what your ultimate goals and financial needs are for the business. Based on the answers to these questions it will drive where you start looking for financing. @scotiabank #StartupChats
— Tracey Bissett (@bissettfinfit) April 15, 2020
A2) The best approach for any start-up, (unless it's in medical research or bio-lab) is to figure out bootstrapping. If, that's out of equation, then understand the vision for the next 6 months and then assess the financial needs. #StartupChats
— Small Business Success (@Microsmallbusi1) April 15, 2020
A2 My favourite advice is: Be creative on how to figure out if your [investment needing idea] can work for as little as possible and in the shortest amount of time @ericries @scotiabank #StartupChats
— Colin @ THNQ (@thnqninjas) April 15, 2020
A2 Also if raising equity financing carefully consider how much equity to give up vs financing raised. My advice would be to give away as little as possible at each stage rather than taking on too much capital too early, just take on what you really need. #StartupChats
— helenastle (@helen1astle) April 15, 2020
A2: They should consider the long-term strategy and how much funding they will actually need. Also, whether these funds will be used to get the business up and running, or as an emergency fund, or both. @Startup_Canada #startupchats #startup #entrepreneurlife @scotiabank https://t.co/XVlAOOrKWU
— Nancy Priest (@glassoflearning) April 15, 2020
A.2 : I think it should be consider to get the profit for investor and profit should be better than interest bank or Bond @scotiabank #StartupChats https://t.co/RwEfwM5HVc
— Bill Chuong ( Maple Smart Control) (@sumosumi04) April 15, 2020
A2) 1/2 The financial risk associated with their business. Are your support systems in place? Not just from a financial perspective but also from a mental/emotional and relationship perspective. @Scotiabank #StartupChats https://t.co/PXKjntHpyA
— Justin Hartzman (@needlsJustin) April 15, 2020
A2 First must be more sales, should never lose site of that. From there need to decide between strategic investor or general investor. Pros and cons to both, does your business need capital only or capital plus partnership within our target industry. #startupchats https://t.co/3GqJ1n2l2h
— Mike Senechal (@msenechal) April 15, 2020
A2) 2/2 Having a serious understanding of the market you want to enter and all associated costs and benefits that come with it!!! @scotiabank #StartupChats https://t.co/PXKjntHpyA
— Justin Hartzman (@needlsJustin) April 15, 2020
A2: Understanding the market & its growth is very crucial when deciding your funding approach. For instance, crowdfunding should be the way to go if your product is loved by the customers even before its launch! #startupchats https://t.co/wAP6iEKxEi
— ERP Buddies Inc. (@buddies_erp) April 15, 2020
A2. They must have in mind the long-term strategy of their business and access only as much funding as they need. OF course, we have to factor in the cost of the funding. #StartupChats
— CTOtech (CaaS) (@CtotechC) April 15, 2020
A2 consider risk level of your opportunity. Data helps reduce risk. Reducing risk means different funding sources ie no risk could mean loans, higher risk investors @Startup_Canada #startupchats https://t.co/TQ4piKr2Yg
— James Bowen, PhD, PMP (@jamesBowen2015) April 15, 2020
A2 It all comes down to risk VS. opportunity, where you see your business going, and your own abilities to take it to the next level. Founders could start with a great idea but need a VC to support and help with what the founder doesn't know #StartupChats https://t.co/EOaf73c7hv
— Venbridge (@venbridge) April 15, 2020
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