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Agenda. Build Teams Assign Jobs & Responsibilities Name Company Register Company Business Contract Biz Bucks Company Ledger Raising Capital Fundamentals. TEAMS. TEAMWORK. JOBS. BE REASONABLE. IF YOU BUILD IT, THEY WILL COME. PRESIDENT. VP-DESIGN. MAKE AND SHIP IT OUT.
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Agenda • Build Teams • Assign Jobs & Responsibilities • Name Company • Register Company • Business Contract • Biz Bucks • Company Ledger • Raising Capital Fundamentals
JOBS BE REASONABLE IF YOU BUILD IT, THEY WILL COME PRESIDENT VP-DESIGN MAKE AND SHIP IT OUT VP-MANUFACTURING
JOBS MAKE IT LOOK GOOD SELL, SELL, SELL! VP - MARKETING VP-SALES LOW COSTS, HIGH PRICES VP-FINANCE LETS SIGN THE BUSINESS CONTRACTS!
ONE-TOUCH INTRODUCTION • Who are you? • What company do you represent? • What do you do at your company? • How can you be reached? • WHEN & WHERE TO USE
MAKE YOUR OWN ‘BIZ CARD’ COMPANY LOGO TAG LINE NAME JOB TITLE CONTACT DETAILS
WHATS IN A NAME? MEMORABLE – EASY TO SPELL POSITIVE CONNOTATION SHORT! VISUAL ELEMENTS NATURE OF BUSINESS PERCEPTION
FUNDING A BUSINESS BOOTSTRAP FUNDING BANKS ANGEL INVESTORS VENTURE CAPITALISTS
HOW A BANK WORKS PEOPLE SAVE MONEY IN BANKS (10BB) BANKS LOAN MONEY TO PEOPLE (10 BB) BANKS PAY INTEREST ON SAVINGS (1 BB) BANKS RECEIVE INTEREST ON LOANS (2 BB) BANKS MAKE MONEY ON DIFFERENCE (2BB – 1BB = 1BB)
BANKS v/s VC’s BANKS • 5-10-5 RULE • CHECK PAST PERFORMANCE • NO DAY TO DAY INTERFERENCE • CHARGES INTEREST • MONEY NEEDS TO BE REPAID VENTURE CAPITAL • FIRST VC FUNDING • LOOKS FOR FUTURE CASHFLOWS • TAKES OWNERSHIP OF THE COMPANY • ACTS AS YOUR PARTNER • SHARES ONLY WHEN YOU PROFIT • HAS INTEREST IN LONG TERM SUCCESS OF YOUR COMPANY
VENTURE CAPITAL – PITCH • REJECTION RATIO – 98%! • ELEVATOR PITCH – 30 SECONDS POINTS TO COVER: • BUSINESS PLAN • TEAM PROFILE AND TEAM WORK • CUSTOMER PROFILING AND TARGETING • KNOWING YOUR ENVIRONMENT • WHY ARE YOU RAISING MONEY? • APPLICATION OF MONEY
Basics of Elevator Pitch Please ‘click’ on the video to play
Bill Gates’ Pitch to IBM Please ‘click’ on the video to play
BROWNIE POINTS! • UNDERSTANDING OF PRODUCT & THE BUSINESS MODEL • THOUGHT PROCESS AND LOGIC • CONFIDENCE AND POSITIVITY • EYE CONTACT • TEAM WORK • CREATIVITY
How to make Paper Bag Please ‘click’ on the video to play