I have a friend who is pursuing a new direction with his business and was looking for some advice. His existing business has been operating for many years and he has been boot-strapping his new venture. It looks like he was able to get validation for the idea and even has a few paying customers. He has used the cash from his operating business to bootstrap this new venture and it looks like he really has a shot at bringing a very innovative (and disruptive) solution to market. His challenge is to figure out when he should seek financing to support the opportunity. He could probably continue to nurture the business along and do well however to really capitalize on the opportunity he needs to pre-pay the expenses that come along with capturing a market.
It’s an interesting question/challenge he poised. I told him to Continue reading “When is the right time to raise capital?”
That would be Marc Andreessen, Fred Wilson and Bill Gurley (if you don’t know who they are Google them). As venture capitalists’ they are seeing an environment amongst technology companies who have raised money and are burning through it because they have no understanding that money doesn’t grow on trees. While I am not in the venture capital business I see an amazing comparison to in my every day activities.
When Lisa and I applied for our first mortgage our interest rate was Continue reading “If Marc, Fred and Bill can talk about it – so can I”
It has already been a year since mlenow.ca was launched and I am pleased to announce that it has been given a new look and has been re-launched thanks to the folks at TalonX (thanks Nick – www.talonx.com). While there is still a tonne of work to be done and a never ending wish list of changes to be made we are excited about the coming year and the prospects that mlenow.ca will bring. We have some exciting partnerships to announce (stay tuned) and would hope that you would connect with us on Twitter, Facebook, Google Plus and YouTube to see what we are up to and how you might be a part of our story.
For those of you that have been paying attention, mlenow.ca was created out of a desire to help people and businesses do more. Conventional methods for sourcing Continue reading “One year later…”