Business Incubator Series: John Richards, BoomStartup, Provo, Utah (Part 4)

By guest authors Irina Patterson and Candice Arnold Irina: How do you feel about bootstrapping of a business? John: Personally, I think you should bootstrap for as long as you possibly can, as long as it doesn’t hinder your growth opportunities.

Business Incubator Series: John Richards, BoomStartup, Provo, Utah (Part 3)

By guest authors Irina Patterson and Candice Arnold John: So, Bazari contacted the top 15 microfinance institutions in India and met with 13 of the 15 to offer them their online loan reporting platform. [Bazari offers SMS interface to manage reporting and tracking of lending and collection of the micro-borrowers accounts.]

Business Incubator Series: John Richards, BoomStartup, Provo, Utah (Part 2)

By guest authors Irina Patterson and Candice Arnold John: I took me a couple years or a year and a half to research and decide what to do. I was going to launch in 2009 but the economy … you know, you start these things for a summer program in February or March.

Business Incubator Series: John Richards, BoomStartup, Provo, Utah (Part 1)

By guest authors Irina Patterson and Candice Arnold I am talking to John Richards, co-founder and co-managing partner at BoomStartup, which is a mentorship-driven accelerator in Provo, Utah. Irina: Hi, John. Where are you originally from? John: I grew up in the Seattle area. Actually, I was born in Pennsylvania, and then my parents moved

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Seed Capital: Mark Solon, Co-Founder And Managing Partner, Highway 12 Ventures — Boise, Idaho (Part 6)

By guest authors Irina Patterson and Candice Arnold Irina: Do you have a preference for capital-efficient companies? Mark: For the most part. We’re in a couple of companies that haven’t been the most capital-efficient businesses, but they’re still great outcomes. We’re not a big enough fund to play in companies that raise $50 million or

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Seed Capital: Mark Solon, Co-Founder And Managing Partner, Highway 12 Ventures — Boise, Idaho (Part 5)

By guest authors Irina Patterson and Candice Arnold Mark: It probably takes getting to $20 million or $30 million in sales before a larger technology company would be interested in acquiring a company. You’re going to have to get at least part of the way there. It’s hard to draw a line in the sand.

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Seed Capital: Mark Solon, Co-Founder And Managing Partner, Highway 12 Ventures — Boise, Idaho (Part 4)

By guest authors Irina Patterson and Candice Arnold Mark: It’s never too early for an entrepreneur to come and spend time with us. We have an open door. That’s what we love to do. We’re in this business because we love working with any type of entrepreneur. As long as you’re attempting to build a

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Seed Capital: Mark Solon, Co-Founder And Managing Partner, Highway 12 Ventures — Boise, Idaho (Part 3)

By guest authors Irina Patterson and Candice Arnold Mark: A fair deal has usually been reached when both sides leave the table equally dissatisfied. If one side feels like it leaves that table happy … it’s like a seesaw. Everybody’s got to be equally dissatisfied. If one team is more dissatisfied than the other, then

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