Yes, there is still money out there for investment!
Seed capital is the early stage money needed to get most businesses off the ground. It is considered a high-risk investment, but one that can reap major rewards if the company becomes a growth enterprise. This type of funding is often obtained in exchange for an equity stake in the enterprise, although with less formal contractual overhead than standard equity financing.
Banks and venture capital investors view seed capital as an “at risk” investment by the promoters of a new venture, which represents a meaningful and tangible commitment on their part to making the business a success. Frequently, capital providers will want to wait until a business is a little more mature before making the larger investments that typify the early stage financing of venture capital funding.
Are you ready to receive money? Can you tell a better story than everyone else looking for money? Are you talking to the right investors? These and other questions will be answered in a practical, realistic and proven capital raising methodology presented by Karl Dakin.
Seed Capital can come from a variety of different sources – friends and family, banks, credit unions, credit cards, angel investors, micro-business loans, SBIRs, corporations, and occasionally from venture capitalists. However, the source of the money will often determine whether the money will come in the form of debt or equity.
Financial institutions typically only offer loans, and the loans need to be secured with tangible assets. Friends and family are often the best option for early stage money because they have a vested interest in seeing the entrepreneur succeed. Serial entrepreneurs with a proven track record have a better chance of working with angel investors and VCs. Angel investors typically invest anywhere from $10K to $250K. VCs will bring more money to the table but often demand a controlling interest in your company, and demand more results.
This course is designed to give attendees an understanding of the available Seed Capital options, how to find them, how to work with them, and what to expect.
Join us as we explore the world of early stage funding with one of the nation’s leading experts.
EVENT: Seed Capital Boot Camp
DATE: February 28, 2009 – Saturday
TIMES: 8:30 am – 12:30 pm
LOCATION: Wolf Law Building (Corner of Baseline & Broadway) 2450 Kittredge Loop Road, Boulder, CO 80309 (Parking is free on Saturdays)
INSTRUCTOR: Karl Dakin
Karl Dakin is a parallel entrepreneur who has raised money for multiple projects over three decades in good times and bad. A Senior Fellow of the DaVinci Institute, he runs his own business start up consultancy, is the CEO of DaVinci Quest, an economic development firm that raises money for entire communities, and he is mentoring projects on two continents. An advocate of social enterprises, he is a Board Director of the National Center for Community Collaboration. He is a dynamic speaker and excellent teacher who has studied and developed the art of gathering resources for new ventures.
Mr. Dakin is the co-author of book: Technology Transfer: Financing and Commercializing the High Tech Product or Service–From Research to Roll Out. Published in 1991 by Probus Publishing Ltd., the book became widely adopted as a primer on the subject of technology transfer. From 1995 through 1997, Mr. Dakin wrote the SoftLaw column for the IEEE Journal on Software.
Within the last five years, Mr. Dakin has participated in raising over $15 million in angel funding and grants for several small businesses and non-profit organizations.