Every day, 1000’s of new bright-eyed and bushy tailed companies sprout from depths of start-up soil. Some are formed in incubators, and some are the results of a few cocktails and some ink on a napkin. Others come from angry laid-off executives, and even some stem from the optimistic naiveté of college and high school students. Like a song on the radio, we never quite know how some blow up and become chart topping billion-dollar organizations while others – even crowd favorites – simply bang, pop and fizzle; never to be heard from again.
Your executive summary is essentially the cover letter to your business plan: its goal is to get the reader to check out your business plan and, hopefully, to set up a meeting. Think of your executive summary as the halfway point between your elevator pitch and your business plan—you have about 2 pages (give or take) to communicate your value proposition and get you to the next stop on your startup journey.
In the very early-stages, your startup finance strategy may be pretty straightforward. You need to establish your accounting platform and systems, including accounts receivable and accounts payable. You are going to want to identify the best payroll and banking solution for your company. And you definitely want to give some thought to tax considerations.
Cloud-based secure deal platform CapLinked, has received a $1 million expansion round from Subtraction Capital, FF Angel, 500 Startups, and other investors. This follows the company’s $3million Series A round it closed in the first quarter this year from 500 Startups and FF Angel and Jason Portnoy, the founding partner of Subtraction Capital.