April 5, 2008

Unsecured Lines of Credit

Over the past few months, we’ve spent a lot of time learning about the various types of financing that is available to businesses.  In fact, we are working on a significant partnership that will allow us to help a lot more entrepreneurs obtain unsecured lines of credit.  For those of you that are interested, here are a few tips that you’ll need before you approach any bank/lender:

  1. 680+ Credit Score (if you don’t quite have that high of score, that’s ok too… we’ll just start off helping you repair your credit)
  2. 2+ years in business
  3. Make sure that all of your personal and business credit is accurate with the credit bureaus
  4. Obtain a DUNS number for your business
  5. Obtain credit maturity (length of time) and credit diversity (credit lines with multiple types of credit — home, auto, revolving, etc.)

I could probably create a list with about 30-40 items, but those 5 will get you started.  The two “biggies” are the first two — if you have a great credit score and you’ve been in business for at least 2 years, let us know.  We are very confident that we’d be able to help you obtain an unsecured line of credit somewhere between $10k-$350k.




September 26, 2007

DEMOfall: DimDim is in the house

The standout presentation for me this morning was DimDim.  This is a new web conferencing provider which isn’t exciting in and of itself, but there is something that is exciting about it.  It is free.  Not only is the software free, but their hosted service is free.  The service is built on top of an open source project and has been load tested at 500 users.  This could be a huge disruptor in this space.  Additionally, they are currently building a recording and archiving feature that will be released in the near future.  Other companies in this space need to watch out for this.




September 25, 2007

DEMOfall: Storage and infrastructure

These afternoon presentations haven’t been as “exciting” purely because of the product categories, but overall I have been more impressed by the companies. All of the companies have been pretty strong, though some of the company presentations have been more like a press release than an actual launch presentation.  Some of the interesting presentations came from Propel Software which is a personal desktop app that prioritizes bandwidth on your computer so that applications like voip connections still perform while under network stress. Fusion-io has a new pci express storage card that is supposedly 1000 times faster than a hard disk drive. Qumranet is a desktop virtualization system that seems very well done and has some very good technology backing it up. It seems like most of these companies are already very well funded.