Entrepreneurship & Fundraising
View more presentations from Ariel Poler
"Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand." - Albert Einstein
There’s already lots of great content on the web about raising capital and understanding deal terms. My favorite is the content on Venture Hacks (a must read, if you’re raising capital). But, I figured it wouldn’t hurt to share some of the “lessons learned” from my own experiences. Some of these you’ve probably heard before, but one or two will likely be new to you
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the fact of the matter is that female entrepreneurs are a rare breed. Let’s all try a mental game together… How many female startup CEO’s can you name off the top of your head? I am embarrassed to say that I have trouble coming up with more than a handful, but I don’t think I am alone.
Here’s what I find strange about all this: I speak to VC’s and private investors regularly, and have never EVER heard anyone comment negatively on deal-flow based on the entrepreneur’s gender. Startups—at least this has been my experience—are weighted on the merits of the product, market and the team, but never on gender. Frankly, I can’t explain why female entrepreneurs are a rare commodity in our industry. (Feel free to enlighten me about the gender bias underpinning the tech industry in comments).
The situation in Israel is not much different. But it should only be the quality that counts… To that end, here are three Israeli female entrepreneurs worth keeping
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Video interview: Wendy Lea has worked as a bootstrap entrepreneur, corporate executive, and angel investor over the last 25 years. She joined GetSatisfaction.com as CEO in February. Lea is also the founder of The Chatham Group and an angel investor. Of particular interest to entrepreneurs are her thoughts on what she looks for when deciding where to invest and her advice for entrepreneurs who are looking for start-up capital (about 2 minutes into the clip).
At the meeting we heard from one VC, Blumberg Capital, who specializes in seed round investments of internet companies.
The partner of the firm who spoke, Bruce Tarragin, said that they were closing a deal in Tel Aviv now, and had already closed another deal earlier this quarter.
The Capital Market Bulls Return
There had been several months, since last October, with virtually no dealflow that was actually leading to investment. Now, there seems to be a reawakening of the capital markets. The negative sentiment of the market has been replaced with a feeling that we have already reached bottom, and now there are good ideas out there that are worthy of investment.
Continue here Israel Economy for Start Ups – Signs of Improvement
Despite the exit drought, more Israeli start ups have reported to recieve venture rounds from the last 60 days. You’ll notice the common thread: lots of private investor involvement and almost always participation of the previous investors as well.
Read more: >>>
Looking for funding for your big idea? Follow our 10-point guide to landing the right investors.
"The entrepreneur is the Pied Piper of a company," says Chip Hazard, general partner at Boston-based Flybridge Capital Partners. "We want an articulate, passionate CEO who can excite others - employees, customers, business partners."
Flybridge joined the syndicate that backed Goby Technologies, a Boston-based search startup that provides comprehensive leisure and travel information in a single site - first with a seed round to build a prototype, then with a multimillion-dollar Series A round to fund longer-term operations. >>>
"It's an opportunity for an entrepreneur to get a little bit of liquidity and ... for a venture capitalist to either show that these companies have some real value to them or to sell some."
Venture capitalists invest in fledgling companies and hope to make a return several times that investment by taking the company public or selling it to a larger competitor.
There are 85 companies that have had to pull their initial public offerings because of inhospitable markets, Draper said. He said 200 start-up companies of the "highest quality" are ready to participate in the XChange.
The journey to find these ideas has taken me from inventors’ basements, to obscure research labs, to, in one case, a smoky Milwaukee bowling alley renowned for its fried Twinkies. With a lot of hard work and a little luck that journey ends on the floor of a stock exchange, witnessing a company you helped build go public. It’s a helluva ride.
The commercial web is now a teenager—it's been fifteen short years since Marc Andreessen released the Mosaic browser. To put this in perspective, television as a commercial medium reached its fifteenth birthday in 1956—the year Elvis Presley made his first appearance on national TV. National news broadcasts were still in their infancy, "As The World Turns" debuted as America's first half-hour soap opera, and "The Price Is Right" began its dominance of the game show genre.
... next breakfast in Tel Aviv is scheduled for December 16th. I will be posting the event on Facebook in a few weeks.
If you have ideas on how to improve the real-time social networking at the breakfast, please let me know.
During my visit I will have a cameo role on the Israeli TV show “Mesudarim.” Mesudarim is the Israeli version of “Entourage.” I am pretty excited about this. :)
When I’m not at any of these events, chances are that I will be in a hotel lobby meeting with (early) early stage startups. At the moment I have about 27 such meetings scheduled. While my meeting schedule for this trip is now fully booked, if any friends are aware of an interesting hi-tech Israeli startups that I should know about, please feel free to send me a message and I will setup a meeting during a future visit.
The economic situation is apparently so grim that some experts fear we may be in for a stretch as bad as the mid seventies.
When Microsoft and Apple were founded.
As those examples suggest, a recession may not be such a bad time to start a startup. I'm not claiming it's a particularly good time either. The truth is more boring: the state of the economy doesn't matter much either way.
"combine leading-edge semantic web technology with crowd-sourcing, state-of-the-art cross-platform multimedia and integrated browser functionality."