November 2, 2006

What do you listen to while you work?

With the launch of the new and improved, everyone on the team has shared the responsibility of rating the 3,000+ business plans already posted on the site. Fortunately, we use an algorithm that makes rating plans very simple because there are few subjective judgments to be made.

During the hours of business plan rating, I keep myself sane with a steady flow of background music. I've discovered that not all good music makes for good "work music".

For instance, I'm a huge hip-hop fan, but great MCs have a way of getting their rhyme style to the front of my mind and breaking my focus. Soundgarden is grunge at it's finest, but it's just a little too power chord/distortion heavy to allow for any free flow of thought.

I've been getting things done with Counting Crows, Fat Boy Slim, Ben Folds, Rascal Flatts and a mix of instrumentals.

What do you listen to when you work?

FundingUniverse Gets Facelift

Tomorrow morning, will have a new look and a new business model. In my unbiased opinion, there's nothing like it on the web or anywhere else.

Here's what's new on the site (I'll add links to the features when the site is live):
  • Every business plan posted on receives a rating (0-4 stars) based on an algorithmic formula developed by angel investors.
  • Entrepreneurs can purchase their ratings details for a song and find out what they need to do to improve their business plan and thereby receive more views from angel investors.
  • Investors will be able to sort through plans based on rating, industry, amount sought, business model, sales channel, etc. Each time a business plan that fits the investor's criteria is posted on FundingUniverse, an email is sent to the investor (as long as he/she opts in).
  • Entrepreneurs will be able to subscribe to a menu of services including chats with angels, interactive webinars, VideoPitch capability, ratings details, consulting, etc.
  • Registration for both investors and entrepreneurs is still free.
Bottom line:
  • Prepared entrepreneurs will get in front of angel investors and find funding.
  • Unprepared entrepreneurs will have the opportunity to learn and improve their business at an amazingly affordable price.
  • Investors will have increased access to business plans that meet their preferences.
  • More deals get done.
Big shout out to the whole FundingUniverse team for putting together such an amazing service -- especially Matt Bradley, our product development alpha dog, and Trent Miskin, our fearless and sleepless CTO. Nice work, fellas!