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What is the process for any startup to raise funds?

Asked by:
Jef LippiattCo-founder at Startup Chucktown
Ananda,Thanks for the question. It really depends on what type of funds and how much you are trying to raise.If you are trying to raise a small amount of capital (less than $50,000):Friends and family - Hopefully, they would see the potential in your idea or in you and want to help fund you.Credit Cards - This is a dangerous idea and should be avoided if at all possible.Crowdfunding - If you have an interesting idea, you can share your vision and see how other people react (this is a great way to see if you have a market for your idea)If you are looking for $50,000 to $100,000 you have a few options:Friends and family (see above)Crowdfunding (see above)Bank loans - These usually require a lot of detail to understand your cash flow, current equity, business plan, projections, etc.. The aren't usually easiest funding to get.Angel Investors - These investors typically aren't looking to make huge investments (typically between $10,000 to $100,000 (it can be more, but unless several are working together don't expect a windfall). The great thing about angel investors is that most times they aren't looking for an equity stake as big as a Venture Capitalist. They may want to be more involved in the day to day business or be a mentor or advisor for the business.If you are looking for $250,000 to $500,000. This is typically a seed round of fundraising:Bank loans - Are still an option (but for this kind of an amount they are typically looking for an established business). (See Above)Crowdfunding - This level of success on crowfunding platforms is possible, but isn't reliable. (See Above)Angel Investors - Typically this amount would require several Angels or a group of them (See Above).Venture Capitalists - This is typically a small amount for an established Venture Capitalist firm, however, if they really like the idea or your team, it isn't out of the question. If you can land a Venture Capitalist at this level they may invest more money in later rounds of fundraising (Series A or B). Keep in mind Venture Capitalists are going to want a much larger piece of your equity pie (typically between 25% and 50% depending on the amount of money they infuse).If you are looking for over $1 million dollars you should focus on:Angel Investors - They would probably only fund a portion of what you need (See Above).Venture Capitalists - Again this usually happens once a venture has already done some fundraising, but it isn't out of the question if you really catch the right person's attention or interest. (See Above)Crowdfunding - It is possible to raise over $1 million with crowdfunding, but it is a gamble when trying to raise that amount of funding.Keep in mind the more money you are trying to raise the more effort you will need to apply. Getting large infusions of money will mean you need to explain how the money will be spent and how that will grow the business. Don't get frustrated, at each of these levels people can and will say "no" to you. That doesn't mean they don't want to help or aren't interested, sometimes the timing isn't right. Stay focused and keep looking at ways to fund your business. If you are passionate about your venture, you will eventually find some funding. One last note, don't try raising more money than you currently need. If you only need $50,000 to grow your business to the next level, don't waste time trying to raise $1 million dollars.
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Questions

Do you use git version control for the development of the site?

Asked by:
James Hanford at Kmart Australia
Scott YangFounder at OzBargain.com.au
Yes git for both development and deployment. We also use Trac + git integration for bug tracking / project planning, and Sentry for off-site error logging.
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Questions

How do I start an online directory business?

I need information regarding starting a directory website read more

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Amandeep Singh at Rapid Services Group Pty.Ltd
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Questions

Are you utilizing open-source in your organization?

I would like to hear how others in this community are using open-source within their venture. What... read more

Asked by:
Jef Lippiatt Co-founder at Startup Chucktown
Andrew EganOwner at Adept IT
I'm an IT provider, so I'm across open source on at least a general level. I do have a linux server that's used for web development test site. I've got a client who has a linux-based file server and a separate linux proxy. It was already in place when I took over 2 years ago, but it's going strong and solid. It rarely needs reboots or patching.OSS does require a bit more understanding than a windows platform - there are notable differences and if you're not technically inclined it may be difficult to adjust.I don't usually see linux on desktops but I'm definitely aware it happens. I have a general policy of "what's the best fit for this specific scenario" - but that can encompass all sorts of things, including ongoing supportability. It's harder to find good linux engineers than good windows engineers
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Website

Google Analytics and Google Webmaster Tools: 10 SEO Tips on How to Optimise Your Site

Measuring and tracking online activity for your website is very important. The following are SEO... read more

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really good article Eric! Analytic's works really well with AdWords.
Phil KhorFounder at SavvySME
Getting on top of our data is so critical in online business! These type tools are simply indispensable. Great summary Eric. Thanks for sharing :)
Application design and development

The Meteoric Rise of The Emoji

Emojis have become a vital part of our messaging vocabulary over the past few years. The 850 odd... read more

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Server, networking and security

Comparison of Virtual Server and Dedicated Server

A few years seem like a long time in the IT industry. It may seem like ages ago when nearly every... read more

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Telecommunications, mobile and wireless

Top 5 Email Marketing Tips

I love marketing emails. Really, I do.   According to the Direct Marketing Association's in the... read more

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Ling Lee Director at Japanese Sword Auctions Australia
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Neil SteggallPartner at Wardour Capital Partners
Just re read it Ling.....loved the humour at the start!
Neil SteggallPartner at Wardour Capital Partners
A great and useful article Ling. Thank you
Cloud computing

What to Look for When Choosing Cloud Computing Services

Cloud this and cloud that. Private Cloud, Public Cloud, Virtual Servers so on and so forth – it is... read more

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Per Henriksen Director at CloudVikings
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Website

7 Tips to Improve Your Site's Conversion Rate -- Fast

Menu Latest Top 50 How To Lists Skip Advertisement...read more

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Telecommunications, mobile and wireless

Typewriters and smartphones have more in common than you think -The Tech Wrap

The ease and speed with which we communicate aids nearly everything we do. Most people are fairly... read more

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Telecommunications, mobile and wireless

iOS vs. Android - Which camp are you? The Tech Wrap

If you ask a group of people whether they belong to the Android or iOS camp, you’ll find it’s a... read more

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Yee TrinhCo-founder at SavvySME
Move over iOS. Android it is.
Ling LeeDirector at Japanese Sword Auctions Australia
Don't forget the Windows camp (where I proudly belong!)
Application design and development

Making the most out of MYOB

Technology has opened new avenues for those who want to take the risk and get the reward. Now, it... read more

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Rob Herr Marketing at Accede Holdings Pty Ltd
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Telecommunications, mobile and wireless

Tech wrap - Apple plays catch up with the iPhone 6

Last week's launch of the iPhone 6 was a highly anticipated event and for months prior, rumours... read more

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Ling LeeDirector at Japanese Sword Auctions Australia
With the launch of the Apple iPhone 6 today, and seeing the massive line in front of the Apple store, I keep on wondering if it is really worth it all. It seems so much cheaper to buy an Android phone with as many features (and in some cases more) for a fraction of the price. I think it has Apple has lost its 'exclusive' image too.
Website

Pizza Making: The Perfect Recipe for Web Design

  Web design was something that was always in my New Year's resolution that I never got round... read more

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Ling Lee Director at Japanese Sword Auctions Australia
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Ling LeeDirector at Japanese Sword Auctions Australia
Thanks guys! Glad you all enjoyed it! :D
Phil JoelDirector at SavvySME
Awesome article Ling. I wonder where you got your Pizza inspiration from.
Application design and development

Oz App Market Strengthens As Local Developers Reverse Offshore Trend

A growing number of marketers and corporate executives are looking onshore for their business app... read more

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Server, networking and security

Maximize your office functions with Microsoft

Working with multiple applications is such tacky considering the amount of time spent in operating... read more

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Rob Herr Marketing at Accede Holdings Pty Ltd
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Rob HerrMarketing at Accede Holdings Pty Ltd
Thanks to you too Wendy!
Wendy HuangFull Time Blogger and YouTuber at A Custom Blog in 4 Minutes
Thanks for this article Rob :)
Telecommunications, mobile and wireless

Why you need a mobile agency and a digital agency

We all know it – the world is currently going through a mobile revolution. Consider these key... read more

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Neil SteggallPartner at Wardour Capital Partners
A great article! Is the activity currently B2C or is it encompassing B2B?
Ling LeeDirector at Japanese Sword Auctions Australia
Thanks for the interesting stats!
Website

7 necessary elements of the best business websites

How many times have you been handed a brochure or business card and heard the words “Check out... read more

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Yee TrinhCo-founder at SavvySME
Good stuff Francine. Any advice on how to go about getting a good design? I don't want to spend too much on getting a decent site up.
Wendy HuangFull Time Blogger and YouTuber at A Custom Blog in 4 Minutes
Blogs are so important :) they take effort but I stumble on lots of websites through the articles in the blog section! Thanks for this easy to understand list of things :) it's a very holistic list :)
Hardware and software

"Stop the world I want to get off" - the digital revolution and some food for thought

"It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of... read more

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