Thoughts on startups by investors that
fund them & entrepreneurs that run them

How can Australia kickstart the local startup community?

Sebastien Eckersley-Maslin makes some excellent points, most of which are ones that I would have made. In particular, getting to critical mass (of entrepreneurs, angel investors, engineers, et al) is perhaps the most important thing you can do. Whether this is by City (the most useful) or pan-Australian (perhaps a bit easier), it provides a host of benefits both in terms

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Should I give my seed investors anti-dilution protection?

Original question from Quora: “My team and I are raising our first round for our crowdsourcing website at a $1mm valuation. We have an investor who is interested in purchasing 5% of the company under the condition that his stock will not be diluted at any time. We are considering a counteroffer at twice the valuation considering the anti-dilution provision.

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Crowdfunding: KickStarter, Indiegogo, AngelList, Gust: How to choose?

First, it’s important to understand that the four platforms you list fall into two very distinct groups.

Kickstarter and IndieGoGo are project-based crowdfunding platforms through which anyone can contribute money, either as a donation or with the promise that they will receive a tangible ‘reward’ of some kind if the project is successful.

Gust and AngelList are equity-based platforms, used by Accredited Investors  to facilitate the investment of money for an ownership interest in

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What are the most common exits for Angel Investors?

Here, in a completely unsourced, purely anecdotal and totally subjective answer with numbers pulled out of the air, is my guess:

 *original post can be found on Quora @ http://www.quora.com/David-S-Rose/answers *

Is making Equity Crowdfunding available to all a good thing?

Part of the challenge is the enormous amount of ignorance surrounding this suddenly hot topic. There are thousands of companies that “the crowd” can fund without restriction, including Apple, Google and Facebook. These are “publicly tradable companies”, and what makes them so are the extensive rules surrounding disclosure, transparency, trading and other aspects of their corporate existence.

But since there

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How do I get in touch with investors/funds with just an idea and no product?

There are many wonderful ideas, and they are not necessarily easy to come up with. So congratulations on having thought of one!

However…

“Having value” and “Being fundable” are two completely different things. What the more experienced responders here are saying is completely accurate: while a good idea is usually a necessary ingredient for the formation of a good company, it is

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Is there an incubator for aspiring Angel Investors or VCs?

No, but there are several sets of courses on angel investing that can provide a good base from which to start. The most comprehensive and best known is the Power of Angel Investing seminar series developed by the Angel Resource Institute (formerly known as the Angel Capital Education Foundation, and prior to that part of the Angel Capital Association). It

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What are the most valuable recommendations in order to raise money from VCs connected via Gust?

To begin with, it is important to understand some basic facts about the world of entrepreneurial finance:

There are many more entrepreneurs than there are investors, with the result that only one company out of every 400 that seeks venture funding actually receives it. As such, the competition from an entrepreneur’s standpoint is very, very tough. In order to be

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What are some of the keys to assembling a great board of directors at a company?

There is a saying in the not-for-profit world that your board members should all fall into one or more of three categories in which they can deliver: Wealth, Work or Wisdom.

In my experience, those same qualities also apply to for-profit boards:

Wealth, as in investors who can write checks and help with fundraising in future rounds;

Work, as in

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Are there any websites or blogs where I can find many different authors/enterpreneurs/CEOs/etc sharing their insightful business experience in one place?

There are several good answers here. Another multi-blogger site is the Gust.com/blog, which has lots of consolidated advice and experiences from some of your favorite Quora startup bloggers, including Tim Berry, Antone Johnson, Martin Zwilling, Bob Rice, Ilana Grossman and, of course, Yours Truly.

And as long as you’re there (or if you don’t feel like reading :-), there are also many hundreds of short video talks from a large selection

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