Sramana Mitra: What is the business model of Gust? You said you just launched the business. What was the business model of the seven, eight years of market development that you did, and what is going to be now the business model of Gust? David Rose: The business model of AngelSoft was purely leading up to
By guest authors Irina Patterson and Candice Arnold Irina: What is NBIA? Give us a brief overview. David: NBIA is a trade association that services and works with business incubation programs around the world. We are a 25-year-old organization that has about 2,000 individual members, representing about 1,000 organizations in 65 countries.
By guest authors Irina Patterson and Candice Arnold Irina: Where do you think entrepreneurs could acquire business skills for building and developing their companies? Jim: There are lots of organizations. I’m in the Philadelphia area, and the purpose of many organizations here, universities and incubators that run entrepreneurship courses, is to try to help people
By guest authors Irina Patterson and Candice Arnold Jim: There’re probably 600 or 700 federal laboratories, and as I said, their annual research budget is $150 billion. As part of that, there are a number of laws on the books that require the federal laboratories to transfer technology into the commercial, private sector. There are
By guest authors Irina Patterson and Candice Arnold Jim: So, as I was saying, “the valley of death” [for a technology startup company] is the place between, roughly, the $100,000 that you can raise on your own and maybe the $2.5 million or $3 million, which is the level at which a venture capital firm
By guest authors Irina Patterson and Candice Arnold This is the forty-fourth interview in our series on financing for entrepreneurs. I am talking to Jim Jaffe, the CEO of the National Association of Seed and Venture Fund (NASVF). Philadelphia, Pennsylvania–based NASVF is a global non-profit with over 600 individual members in 43 states and four