The world of startups is powered by creative ideas. The only other factor as compelling, is the capital. Almost 90% of startups fail in the initial stages or just do not grow beyond an idea for lack of funding. A business must be fuelled by funding at various stages of growth along with reaching targeted milestones.
And when it comes to funding your ideas, one size does not fit all. Therefore, raising funds can be confusing, often overwhelming. You may take years to come up with an idea, make a prototype and perfect your pitch to investors at the end all it takes is nod in the right direction to make a business out of it.
How much to raise and how to utilize the funds are the next most crucial questions an entrepreneur faces. For most start-ups, Seed funding and Series A are the most difficult phases since their pitch does not factor-in financial planning.
A Harvard Study attributes raising too much funds too soon as one of the Top 10 reasons why most startups fail. In addition to this, every business has its own cash-burn rate and entrepreneurs need to be wary of accelerating too fast and too soon. Judicious utilization of funds not only ensures you don’t run out of cash but also that your venture has robust fundamentals to be able to seek the next round of funding.
Spark10’s Founders’ Huddle aims to address all such problems that founders face. Our cases driven program is conceptualized and designed to help entrepreneurs solve their problems based on similar issues that other startups and businesses faced in the past.
FOUNDERS' HUDDLE is a program that brings some key experiences of past startups (alive or dead) in form of cases that you will analyze and discuss during the session. By the end of the session, our aim is to give you the tools and method to determine for yourself the right way to approach your problems in your startup.
To begin with, we have created a program to help you understand startup finance and funding.
Here are the few things we cover during these two days:
* Determining the viability of your idea/startup (Should I really start or continue this business?)
* Determining your operation strategy using financial statements (What should I do next - expand or stabilize?)
* Determining how to value your idea or startup (How much is my company worth?)
* Deciding what terms and which investors are good for you
* Understanding the fundamentals of investor pitches (What numbers should I show?)