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StartUp Engineering-Rule #2-Funding

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Fred Grott

Posts: 4361
Nickname: shareme
Registered: Jan, 2003

Fred Grott is Lead Developer-CEO of ShareMe Technologies LLC -The Mobile Future

StartUp Engineering-Rule #2-Funding

Posted: Apr 8, 2008 12:07 AM

This post originated from an RSS feed registered with Java Buzz by Fred Grott.
Original Post: StartUp Engineering-Rule #2-Funding Feed Title: ShareMe Technologies LLC-The Mobile Future Feed URL: http://www.jroller.com/shareme/feed/entries/rss Feed Description: A Weblog about Java programming and digital convergence on mobile devices in such areas as P2P and collaborative technology.	Latest Java Buzz Posts Latest Java Buzz Posts by Fred Grott Latest Posts From ShareMe Technologies LLC-The Mobile Future

2. Funding should be in best conditions as possible because you are building a new business and marketing models:

-Angel or VC funding is obvious ideal -Loans or Mortgages are obvious not ideal as terms are immediate as opposed to the 2 to 3 year window required to develop a new business and marketing models.

If you cannot get the ideal situation than get fuck out or change the technology implementation by using someone else's platform rather than build a platform. The developers will demand that you do those actions and will walk away if you do not. Yes, I might have waled more than once from more than one start up.

Choose a hot area to increase funding odds, ie facebook is hot right now with 22% of all VC startup funding.

Read: StartUp Engineering-Rule #2-Funding

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