How Startup Funding Works
Nick DucoffVP Content @ Boundless
Been there, done that
• Saw lots of flavors• Closed $250m+ in VC
Been there, done that
• Close to the heart• Startups I’ve been at
have raised $13m+
Been there, done that
• Invested in 4 startups• 1 exited• 1 was in Techstars• 2 raised VC• IRR TBD
Bootstrap
Can
Do it!
Can’t
Angels/FFF Incubators VC
Choose your own adventure
Quit!
Bootstrap
• No salaries• No office• Open source software• Free apps• “Viral” marketing
Angels and Friends, Family…Fools
• If your ____ is annoying now…
• Angel List• “Accredited” investors• JOBS Act (stay tuned)• Kickstarter• Convertible Debt
Incubators
• Cash+ (but not a lot)• Mentorship• Discipline• Connections
VCs
• “Seed” is just another flavor of VC
• Looking for traction– Revenue for SaaS and
enterprise startups– Hockey stick for
consumer startups
Be warned
• Easier than ever to raise <$500,000
• Harder than ever to raise >$2 million
Q & A