David Ehrenberg has seen it all. As the founder and CEO of Early Growth Financial Services, a Silicon Valley-based firm that serves 18 percent of the country’s privately funded venture capital-backed startups, he knows that entrepreneurs inevitably make mistakes. But in the uber-competitive world of startup financing, he’s found that certain mistakes may mean your great idea never gets off the ground. We caught up with him between meetings to find out the key fundraising mistakes he advises entrepreneurs to avoid
If your palms become a little sweaty when it comes to the complex intricacies of venture fund accounting and administration, you’re not alone. In fact, the furor surrounding Rothenberg Ventures will have you reaching for a hand towel just thinking about it.
As titans of industry, we don’t like to admit how much simply being in the right place at the right time contributes to success in business. We want to believe that each one of our achievements is the product of our best-laid plans, but here’s the reality: The biggest opportunities often appear out of thin air in the middle of the night.
If your company is blessed with enough capital, it can be a smooth, serene Sunday morning drive to success. Find your business cash-strapped, though, and all the bumps and potholes imaginable will flatten your tires and impede your progress.
Any bootstrapping entrepreneur knows fundraising can be a fickle beast sometimes. Whether you’re approaching friends or family, applying for a bank loan, or pitching to venture capitalists, financing your vision takes many forms. And it all comes down to one need: an injection of cash to bring your business to life.
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