Entrepreneurial financing for growth
The session took place. The next seminar will take place in 2013
Desired Outcomes of this Session
- Critical role of financing in making startup companies successful
- Understand the elements of financing
- Effective sales and sales management skills
- Role and responsibilities for financing
- How to determine an effective financing strategy for your specific enterprise
- When, where and how you should find the money to grow your business
- Succeeding after you get the funding
Session Agenda
- The importance of the financing process and responsibility for its execution
- Why the financing process is important
- What is the proper perspective on financing and its timing
- Who has the roles and responsabilities for financing
- Getting yourself into the right mindset to raise money
- How to approach the process – the right frame of mind
- Sources of funding
- Potential sources of financing for new ventures – advantages and disadvantages
- Principles of estimating the timing and size of a potential financing
- The imperative for absolute clarity in goals
- Calculating your basic needs with cash flow statements
- What international investors look for: business plans that generate success and raise money
- Fundamentals of business plans – the role and elements
- Critical success factor
- The dynamic business plan
- Raising the next round
- The steps in the process and what is the most important
- How to determine important variables such as valuation and expected IRR in the real world
- Understanding the tradeoffs that can and may need to be made
- Driving the process versus being driven by the process
- Understand the mating dance and everyone’s interests
- Be prepared; generate options and alternatives
- Take control as much as possible
- Multiple rounds of financing considerations
- Key considerations when raising multiple rounds of financing
- “Brontes Technologies” and “startup.com”: case studies in financing
- Analysis of fundraising efforts
- Conventional wisdom on valuation vs. the real world
- The speed, costs and realities of the fundraising process
- What to do once you have raised the money
- Now the real work starts
- Send a clear message to all stakeholders while maintaining focus
- Manage investor’s expectations