January 16, 2007

Baby Boomers and Entrepreneurship

I just read an excellent article titled Lure of Entrepreneurship Beckons Boomers, on BusinessWeek.com. The article describes the increasing number of baby boomers who are becoming entrepreneurs. As I have worked on our Speedpitching team, many of the presenters at our events seem to fit into this new category of entrepreneurs. It will be interesting to see if this trend continues in the future.

As a side note, Bill Payne, who serves on FundingUniverse’s advisory board, provides commentary in the article.

January 12, 2007

“The Weekly Chats are Awesome!”

I love talking to our AngelReady Members! Almost every time I talk to one of them, they are talking about how much they are enjoying the learning experience. It sounds like one of the most popular features of their membership is the Weekly Chat with an Angel webinar (click here to access the archive). I love them too.

Each week, we get the help of an experienced angel investor to present a webinar on a certain topic. For example, yesterday we had Greg Peterson give a webinar on Preparing Yourself for Investor Due Diligence. Greg presented for about 30 minutes after which we opened it up to our AngelReady members for question & answer. There were some great questions! Here are a few examples:

QUESTION: Under the “Financials section” of the Due Diligence binder, should the previous years be broken down into three-month periods or just end-of-the-year financials?

QUESTION: You mentioned a non-disclosure statement… I’m raising money from VCs — do we need to push for a NDA?

QUESTION: We have a company that has been around for just 5 months. Do our financials need to be audited or produced by an accountant or can we give them financials we’ve created internally?

QUESTION: You mentioned a non-disclosure statement… I’m raising money from VCs — do we need to push for a NDA?

QUESTION: Can you list a few specifics that you would expect to see in the operations section of Due Diligence Binder?

After 2 months, we have had some webinars on many valuable topics… including:

AngelReady Members: which event have you enjoyed the most? What topic would you like us to discuss?

January 8, 2007

10,000 Company Histories are back!

With the overhaul/launch of the new FundingUniverse website, there were a few things that slipped under the rug. One of the things that some people have asked about is our “FundingUniversity” page (don’t worry…it’ll be coming back with a vengeance).

The other was our 10,000 Company Histories. The amount of valuable content that is included in our company histories is enormous. For example, are you interested in learning the early beginnings at Google? Did you realize that Motorola was founded in the 1930′s during the great depression?

Of course, this is a shameless plug for the company histories… but, honestly, it is more than that. The reason that we have collected this content is because we believe that it is a valuable resource for our entrepreneurs. Personally, I love to learn. I love reading about the struggles and successes of many well-known companies. I hope that you enjoy the resource as much as I do!

Finally, if you find an interesting story in one of the company histories, please make it known by commenting in this entry. Enjoy!