How to raise money and build innovative start-ups | Founder Institute
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Transcript of How to raise money and build innovative start-ups | Founder Institute
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How to raise money and build innovative start-ups
Date5 MAY 2016
ALEX CIRCEI, CEOCOPIMAJ
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2008 - liveMag.ro (IT&C online store)
2009 - WON BEST STARTUP, UI/UX, ONLINE STORE
2011 - SOLD TO DEBO.RO
2009 - Copimaj Interactive (eCommerce agency)
Founding Partner - Cristallini, Tudor Tailor, Consiglieri, Bebetex, Silver Decor
Clients - UNICEF, Realitatea.net, Asbis, Gucci, Paul & Shark, Sport Couture,
Mengotti, Raiffeisen Informatik
AWARDED ECOMMERCE AGENCY
2010 – Live2c (eCommerce SaaS Platform)
2011 - SOLD TO ASESOFT
2011 – Storebeez (eCommerce Marketplace Platform)
2011 – Founded in Brimingham by Oxygen Accelertor – Failed
2013 – Lupsale (SMB’S Email Marketing Platform)
2013 – Launch at TC Disrupt in San Francisco
2014 – Copimaj ERP (Cloud ERP Platform)
2016 - SOLD TO ONE ERP
2015 – Billme (Invoicing App)
2015 - Launch at TC Disrupt in San Francisco
About me - 29 / Entrepreneur & Triathlonist
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I would like to start by asking you 3 questions?
1. Are you really an entrepreneur?
2. Do you have the right product or service?
3. Are you ready to receive founding?Image Source: www.500px.com
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ARE YOU REALLY AN ENTREPRENEUR?
Image Source: www.500px.com
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THIS IS THE REALITY
OF BEING AN ENTREPRENEUR
Image Source: www.500px.com
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● Passion - Do you love what you do?
● Trust and Balls? - Do you have the courage to risk everything?
● Vision - Do you know where are you going?
● Able to sale? - Are you ready to sale your dream?
● Able to learn? - Are you ready to learn all the time?
● Long relation - Are you able to build a network?
● Opportunity - Are you able to hustle all the time?
● Focus - Are you able to do this 24/7?
● Being patient. Do you have the next 10 years to reach your vision?
What are the right skills of being an entrepreneur?
Image Source: www.500px.com
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Do you have the right product or service?
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● PROBLEM: Do you solve a problem?
● SOLUTION: Do you have the best solution?
● VALUE: What is your value? Your USP’s?
● TEAM: Do you have the best team?
● MARKET: Is the market big enough?
● FINANCIALS: How are you financials?
What do you need for a good product or service
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Are you ready for founding?
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Start Bootstrapping
● Keep your expenses at minimum (survive mode)● Share the office space / the equipments● Move in a business incubator● Use your own personal computer● Avoid spending money on fancy useless things● Force your suppliers to give you credits● Save money with Skype, don’t travel for meetings● Remember: CASH IS OXYGEN
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Why bootstrapping?
● To get TRACTION, TRACTION, TRACTION!
○ with an Awesome Product○ right personal Brand - Brand Yourself○ right mentors - Connect With Influencers○ right USP’s - Do Things That Don’t Scale○ right network - Leverage Your Email List○ right partnerships -Partnerships○ right product - Test everything○ right content - Create unique content
Always!!! Think Outside The Box
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And if you get TRACTION you get OPTIONS!
● OPTIONS FOR:○ Fund your startup yourself. ○ Pitch your needs to friends and family. ○ Request a small-business grant. ○ Start a crowdfunding campaigns online. ○ Seek venture-capital investors. ○ Seek a bank loan or credit-card line of credit.
Image Source: www.500px.com
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“If you're going
through hell, keep
going.”
Winston Churchill
If not! :(
KEEP GOING!!!
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THANK YOU!
● facebook.com/alex.circei● snapchat.com/add/alexcircei● twitter.com/alexcircei● medium.com/@alexcircei
Date5 MAY 2016
ALEX CIRCEI, CEOCOPIMAJ