» » Do You Need To Rely On Venture Capital Funding,

Do You Need To Rely On Venture Capital Funding,

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High tech entrepreneurs frequently see venture capital funding as a quick route to raising funds for their ventures. However availability of VC funding is highly variable by tech sector as well as the cash needs of your company and few companies are ever funded. Do you need to rely on VC funding and what are the alternatives,

One of the first questions to ask is what the VCs will bring to you as a company. In the past they brought both contacts and funding. Now, for the most part, they just bring funding. In light of this, you should be asking three questions before you seek VC funding.

Can you fund the company out of your own pocket, Far more companies are funded from the pockets of founders, friends and families than receive VC funding. However this route demands several conditions. Cofounders should have alternate sources of income so that they can progress their technology and company without salaries for a period of time.

Watch the life stages of start-up cofounders. What is the minimum funding that you need to bring the company to life, Figure out the bare minimum needed to bring your technology to life and generate cash. Focus is the key word. People will come to you with variations on your plan. You have to know your path and whether these variations will help or distract. Stay with your core idea, and think in terms of current and future generations of the plan.

Build fitting variations into future plans if they will delay the current iteration. How do you keep those working on the project motivated, Plan for turnover. Know who is key to the project, and those for whom you need back-up. Life in a start-up is all consuming. When the picture on the wall is crooked, everyone jumps to straighten it out. This is part of the start-up culture. Have fun and make it fun.

Fun doesn’t need to be expensive. Simple parking lot barbeques with a CD deck and music are not expensive, particularly if everyone brings something. Include simple, low cost recognition in your events. Acknowledge your employees for who they are and where they came from. This can be especially important if you have a diverse employee group and helps to build camaraderie.

One company with a diverse employee group has pot luck lunches where employees are asked to bring the national dish from their home country; the food is wonderful and helps employees to appreciate one another. He is also President of Executive Forums of Silicon Valley. With over 20 years of executive experience, Sandy has a BA from Brown, an EdM from Harvard, and an MBA from Duke.

Consider it an automatic 10% back in addition to Hotels.com’s already low rates and Special Prices. With their loyalty program, you don’t have to stay at the same hotel brand. Stay 10 nights, get 1 free. You can mix up cheap stays with expensive stays. There’s no limit to the number of free nights you can earn.

For someone who doesn’t have hotel elite status, this is a great way to get free hotel nights and save a lot of money. This is also a great way to book hotels in areas where there are few major hotels. But the deal is even better if you have the Capital One Venture Rewards or the Capital One VentureOne Card.

3,000 in the first three months of account opening. If you’re looking for a no annual fee card then consider the Capital One VentureOne Rewards card. 1,000 within the first three months of having your card. Remember to pay online using your card vs using PayPal or paying after checkout otherwise you won’t earn the bonus.

This is a pretty good deal considering their generous rewards program of 1 night free after 10 nights. The offer is valid through January 31, 2020. So you have plenty of time to take advantage of this offer and apply for a Capital One Venture Rewards or Capital One VentureOne card if you don’t already have either card. 3,000 in the first three months of having the card. 95 annual fee is waived the first year.

1,000 in the first three months of account opening. You earn 1.25x miles on purchases and there’s no annual fee. Where’s your next hotel stay, Get the best credit card signup bonuses. Or want help, suggestions, travel tips, learn how to travel for free, find out about travel deals, and maximize your miles and points, Use the subscription box below to sign-up and get post updates by email.

If you’re looking for a travel card not attached to a certain airline or hotel company and want to start small, the Capital One VentureOne Rewards Credit Card could be perfect for you. You’ll earn a decent sign up bonus while also getting the standard benefits that come with travel cards.



The Capital One VentureOne Rewards Credit Card allows you earn 1.25% miles on all your purchases. 1,000 within 3 months of account opening, you’ll receive a one-time bonus of 20,000 miles. You can use those miles for travel-related purchases including flights, hotels, and rental cars. After you make a qualified purchase through the VentureOne system, you’ll receive a statement credit for the dollar amount of your miles.