Fab.com is an all too common story about a startup that raised hundreds of millions, apparently $310 million as of November of 2014. It was rumored that it may sell and it did. Fab.com Sold for $15 Million According to re/code Fab officially sold for $15 million, partially cash and partially stock. You may be thinking, wow $15 million is not bad. But consider they raised … [Read more...] about Fab.com Loses Almost a Billion
First of all I did not even consider using Kickstarter to fund a company until a friend of mine pointed out that he was involved with a group of individuals that are doing just that. They are starting their company and raising their seed capital with Kickstarter. How is it possible to raise seed funding through Kickstarter? If you think about what you are trying to … [Read more...] about Should You Use Kickstarter Instead of Venture Capital?
What is going on these days? Every time I turn around another company is either not making any money at all or they are operating at a loss and worth a Billion dollars or Billions of dollars? Snapchat was offered $3 Billion? Here is my memo to the founders of Snapchat and I also want to share with them my rule. As someone who almost sold for millions of dollars right … [Read more...] about My Memo to Snapchat – You Are Making a Huge Mistake
As an or a small business owner you should love this recent sale. Here is a company that raised an undisclosed amount of seed capital, $6.5 in an A round in 2011, $12 M in a B round in 2012. In 2013 they sold for $350 Million, in September 2013 (just a couple days ago). That is a company that took only 3 years and just over $18.5 million to grow itself into a $350 valuation. … [Read more...] about MoPub is the Poster Child for Entrepreneurs
AngelList (angel.co) is a simple site with a clear mission. You can raise money, find companies to invest in, and find a startup job. It fills the needs of a startup nicely. Personally I love the fact that the site is easy to navigate and not cluttered. But that is just the design, the beauty is in the function. Money Raised is Over $12,000,000 in August Alone As you … [Read more...] about Raise Money on AngelList