720th 1Mby1M Mentoring Roundtable Recording

You can listen to this week’s recording here.

Roundtable Recap: March 26 – Are You Funding a Business or a Team?

During this week’s roundtable, we worked on three very different businesses. The third of these was a fat startup in need of pre-seed funding with very little validation. As discussed, it is excruciatingly difficult to fund unvalidated ideas. You can listen to the discussion for more color on the subject if this is something you

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713th 1Mby1M Mentoring Roundtable Recording

In case you missed it, you can listen to the recording here: You can register for an upcoming roundtable here.

Roundtable Recap: January 8 – Pre-Seed Funding Rejection Rate is 99.8%

During this week’s roundtable, we had several pre-seed entrepreneurs trying to wrap their heads around the outrageous fundability conditions of their stage. Nokio We first had Rohan Jacob, from Dallas, Texas, pitch Nokio. The business is not venture fundable, but seedstrapping to an exit may be a possibility. Flocci Technologies Next, we had Afsar Hussain

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Why Founders Should Avoid Equity Deals Before Validation

Giving up equity early on is one of the worst decisions an entrepreneur makes. Say, you give up 15% for $200k in pre-seed accelerator funding. What happens next? You haven’t validated anything yet. You don’t know whether your business has the capacity to go from 0 to $100M in 5-7 years. That’s what VCs are

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Chase Customers Instead of Concept Financing

First time entrepreneurs, for the most part, do not qualify for Concept Financing. If you are hitting up pre-seed VCs in search of Concept Financing, you are wasting your time.