Monday, June 30, 2014

Startup Porn

Is Anything That Excites You To Build A Great Company

I'm taking the Kauffman Fellows Academy class Venture Deals, this summer.
It's a pretty graphic class. You have to make dirty things like, power points. Study even dirtier things called cap tables, and dive into option pools hoping you won't get diluted.

The truth is, I really did get pretty excited when my mind crossed the decorative lace of spreadsheets, and understood how cap table's work. 

Ahhh, now I could of used this knowledge a few months ago, when the crazy insane entrepreneur in me hit the end of the road for my startup. Yep, the fire in the burn rate oven, burned up all the cash. It's all over. Done. Cooked. All the hard work, and another startup hitting the graveyard. 

After long thinking, I realized that I wasn't done, I was at the part in building a startup called. Finding funding. Of course I had no idea how to seek funding. I also had no knowledge of what was being taught to me in the Venture Deals class. 

But I like my startup porn and I like to get dirty. So I dove in head first into a giant pond called WhisperApp. Yeah, it's saturated with HMU ladies! And all kinds of thirsty sex driven post. Certainly I could find an Angel investor to save my startup from death. What did I have to lose, my startup virginity?

I posted "Startup Launched, Seeking Angel Investors" and within minutes I was talking to two very REAL investors. I was totally fucked! My startup did not get laid, it got its ass kicked! 

The two very kind and knowledgeable Angel investors gave me a few lessons in finding capital. It might be helpful to have more than $84.00 dollars in sales. And one of them told me "I had balls". Yes, I do have balls, they're named "Crazy" and "Insane" they come in useful, when you venture out into the area's you know nothing about. 

I can tell you as I'm in the mist of the Venture Deals class that I am so looking forward to showing these two beautiful Angel investors my cap table spreadsheet. ; - ) Hey, $84 dollars can turn into 84 million, it's just a matter of how dirty you get on your cap table spreadsheets. How many investors you can lure into your startup dreams. How to manage the option pool. Building a strong team, hitting every milestone, yeah, just a matter of a few things. 

So when your startup hits the end of the burn rate road. Use your startup porn and get dirty! Getting multiple term sheets has never been so fun.

*Note to Investors: I have three startups. One launched. Two in the brain. And the two in the brain scale massively compared to DigiThin. I so need to be in an accelerator, before my brain blows up from an overload of startup ideas.

*Note to Entrepreneurs: I do not know if Brad and Jason will teach this class again, or if it will be offered in the fall. If it is I highly recommend it to every startup seeking funding. Get the book.
It's the best kind of VD to get! And take the class!

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