What the media doesn’t tell you about the VC industry in India

And what you need to know as an entrepreneur.

Relations between investors and startups are tricky. At one level, both of them are incentivised enough to grow the business. One of them has a micro level view by virtue of execution and the other has a macro level view by virtue of exposure.

Here’s what a close acquaintance who works as an Investment Manager at a $100 mn. fund told me:

Source: What the media doesn’t tell you about the VC industry in India | Hackernoon.com

Founder Christena Reinhard On How To Raise Money

Photo by Igor Ovsyannykov on Unsplash

Christena Reinhard, CEO and founder of philanthropic fashion company Union & Fifth, isn’t afraid to ask for money—a helpful trait that’s enabled her to raise over $1 million from 1100 donors, for 200 charities over the last three years.

But money hasn’t always been her forte.

Source: Founder Christena Reinhard On How To Raise Money | Forbes.com

8 Tips for Setting Up a Killer Invoicing System That Always Gets You Paid

A polite but insistent invoicing systems gets you paid sooner and with less hassle.

Asking your clients or customers to pay an invoice isn’t the highlight of the day for business owners. However, it’s an essential task that will make or break your business. That’s why having a formal, professional invoicing system is so important.

It will also help you keep track of your accounts receivable and billing. This makes invoicing as painless as possible for both you and your paying customers. In turn, this will get cash flowing more quickly into your bank account.

But, how can you create a well-oiled invoicing machine? Start by implementing these eight tips when setting up a killer invoicing system.

Source: 8 Tips for Setting Up a Killer Invoicing System That Always Gets You Paid

VCs Are Starving — Starving! — for Solid Investments: 5 Ways to Take Advantage

Believe it or not, it’s a founder’s market right now.

Raising capital is no easy task. Over the past five years, I’ve had to do it multiple times — for a management buyout, for our first accelerator fund and for the purpose of supporting more than 100 of our own startups.

Source: VCs Are Starving — Starving! — for Solid Investments: 5 Ways to Take Advantage

Should you be raising funds for your startup?

The short answer: probably not. While fundraising may seem like an obligatory step in the life of every start-up, it is often an imaginary…

Source: Should you be raising funds for your startup? – Fabian Dudek – Medium

2 Fundamental Rules All Startups Need to Secure Funding

Photo by Tatiana Lapina on Unsplash

Every Startup is of course different, with its own challenges, its own wins, and its own rules. Anyone who tells you there are rules to startup success is lying. Period. Full stop. There are no rules to follow that will turn you into the next Facebook. There just aren’t. What there are, however, are rules, that if not followed, will prevent you from ever becoming the next Facebook. Two rules, to be precise. Let’s discuss those rules.

Source: 2 Fundamental Rules All Startups Need to Secure Funding | Inc.com

The Epic Guide to Bootstrapping a SaaS Startup from Scratch — By Yourself (Part 1)

No co-founders. No funding. No connections. No customers. No — you’re not nuts.

Are you like me and completely sick of all the patronizing startup advice out there? You know, the kind that goes like this:

Source: The Epic Guide to Bootstrapping a SaaS Startup from Scratch — By Yourself (Part 1)

In Pitching Your Business, Take Every ‘No’ As a ‘Not Now,’ Says This Founder

Photo by RhondaK Native Florida Folk Artist on Unsplash

Absolut Art CEO Nahema Mehta turned her rent-to-own art startup into a profitable reality thanks to sheer persistence.

Mehta would build a passionate consumer base and network of galleries — enough to leave her Wall Street job and eventually catch the attention of Absolut, which was looking to launch fresh ventures beyond the world of vodka. The founder’s brainchild was purchased by the corporation in 2014 and evolved into Absolut Art, of which Mehta now serves as CEO. And though she’s still baffled by the fact that she’s leading this operation — “I never thought of myself as an entrepreneur until someone else called me that” — she knows how she got here: By never taking no for an answer.

Source: In Pitching Your Business, Take Every ‘No’ As a ‘Not Now,’ Says This Founder

How to Start a Business With (Almost) No Money

Don’t overlook three options you have when starting on a shoestring.

You’re excited to start a business. Maybe you have an idea, or you’re just fascinated with the idea of launching and growing your own enterprise. You’re willing to take some risks, like leaving your current job or going without personal revenue for a while. But there’s one logistical hurdle stopping you: You don’t have much money.

Source: How to Start a Business With (Almost) No Money

4 Money-Management Tips To Help You Bootstrap Your Business

My co-founder Dan Foley and I bootstrapped Tailored Ink back in August 2015. We spent a combined $1,000 to get it off the ground and kept our costs low. Flash-forward to today, two years later, and we’re swiftly closing in on the $1 million mark. We still haven’t maxed-out our credit cards or applied for a business loan.

Want to know how we did it? Here are some financial habits we learned on our way to becoming successful business owners.

Source: 4 Money-Management Tips To Help You Bootstrap Your Business | Entrepreneur.com