Finance

So your company’s in its very early stages. We’re talking a skeleton crew of staff, minimal sales, and even less cash. While your focus is understandably on immediate survival and how you can hit your first big hurdles, what else should you be thinking of, especially where your finances are concerned?

You need a strategic financial partner who is in close contact, asking questions and ensuring that they understand your business intimately.

The relationship between investors and founders can be tricky to navigate. At the best of times, it’s symbiotic, leading to gains for both sides. At others it can degenerate into a test of wills, or worse. How can you forge mutually beneficial, productive relationships with VCs that make best use of your respective strengths and effectively utilize your time?

There are good times to focus on fundraising and, well, not so good times. If you think that you’re ready to start pursuing investors, you need to make sure that the time is right.

Malibu and Beverly Hills have long been hot neighborhoods for entertainment execs. But the tech culture of Los Angeles is shifting real estate’s center of gravity. As the line blurs between tech and entertainment, and as Silicon Valley seeks synergy with L.A.’s creative talent pool, Silicon Beach is the new center for both homes and headquarters.

‘Asking for money’ is doing it wrong, messaging is what matters. Imagine if you go to your husband or wife, boyfriend or girlfriend, and say ‘I need your help’… no matter how much they love you, the statement naturally leads to a quick mental reaction of ‘what do you want’.

You have probably already absorbed many obvious caveats about setting up your own startup; don’t blow money you don’t have on fancy equipment or splash out on expensive rental space. But what about expenses you’re tempted to cut, but shouldn’t?

Earlier this week, we gave a comprehensive breakdown of the 29 companies with a preview of Batch 8 Demo Day. Today, we’ll be presenting our favorite ten of the day in ABC order. Bear in mind, we’re going to keep the financial specs under wraps (just tiny hints), but overall, Batch 8 performed very strongly across the board.

We cover a lot of ground on multiple topics including Chance’s inspirations behind the company, what the JOBS Act means for startups, and what role Crowdfunder plays. And for the entrepreneurs who have tuned in, he also gives some insights into best practices for those looking to raise cash, so you don’t want to miss out!

Not only does the Breathometer give accurate readings of your blood alcohol levels to rival devices many times more expensive and cumbersone than itself, it also gives you an approximate time estimate on when exactly you are expected to be at a safe level to drive.