<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Fuel Your Venture &#187; Start-Up</title>
	<atom:link href="http://www.fuelyourventure.com/category/start-up/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.fuelyourventure.com</link>
	<description></description>
	<lastBuildDate>Wed, 25 Aug 2010 16:58:56 +0000</lastBuildDate>
	<generator>http://wordpress.org/?v=2.8.4</generator>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
			<item>
		<title>Getting Started: How Wufoo Went from Concept to Launch</title>
		<link>http://www.fuelyourventure.com/getting-started-how-wufoo-went-from-concept-to-launch/</link>
		<comments>http://www.fuelyourventure.com/getting-started-how-wufoo-went-from-concept-to-launch/#comments</comments>
		<pubDate>Wed, 02 Jun 2010 13:42:07 +0000</pubDate>
		<dc:creator>Brian Burridge</dc:creator>
				<category><![CDATA[Incubators]]></category>
		<category><![CDATA[Interviews]]></category>
		<category><![CDATA[Start-Up]]></category>
		<category><![CDATA[Kevin Hale]]></category>
		<category><![CDATA[startups]]></category>
		<category><![CDATA[Wufoo]]></category>
		<category><![CDATA[Y Combinator]]></category>

		<guid isPermaLink="false">http://www.fuelyourventure.com/?p=421</guid>
		<description><![CDATA[
Do you have an idea for a great new web site or web service that helps solve a real problem or provides useful content or a helpful service? Do you want to move forward, but aren’t sure how to get started or if you even should? I discussed this question with Kevin Hale, co-founder of [...]<p>Post from: <a href="http://www.fuelyourventure.com">Fuel Your Venture</a></p>
]]></description>
			<content:encoded><![CDATA[<p style="text-align: center; "><img class="size-full wp-image-424 aligncenter" title="iStock_000008591755XSmall" src="http://www.fuelyourventure.com/files/iStock_000008591755XSmall.jpg" alt="iStock_000008591755XSmall" width="424" height="283" /></p>
<p><strong>Do you have an idea for a great new web site or web service that helps solve a real problem or provides useful content or a helpful service? Do you want to move forward, but aren’t sure how to get started or if you even should? I discussed this question with Kevin Hale, co-founder of Wufoo, and asked him to explain how Wufoo came up with their idea and how they went from idea to actual product.</strong></p>
<table border="0">
<tbody>
<tr>
<td>
<p><img src="http://www.fuelyourventure.com/files/brian-avatar.png" alt="brian-avatar" title="brian-avatar" width="61" height="62" class="alignleft size-full wp-image-423" /><strong>Kevin, who was involved in the original idea for Wufoo and how did it come about?</strong></p>
</td>
</tr>
<tr valign="top">
<td>
<p><img src="http://www.fuelyourventure.com/files/kevin-avatar.jpg" alt="kevin-avatar" title="kevin-avatar" width="61" height="62" class="alignleft size-full wp-image-425" />The company was founded by Chris and Ryan Campbell and myself. In 2003, I was doing some writing and design for a small division at a research university when I met Chris, who was doing some web application development there. Chris introduced me to his brother, Ryan, who at the time was still a student and writing all the database programming examples for his professor’s computer science textbook. For about a year, we talked constantly about how frustrating it was to build these really boring forms and databases for our employers, who failed to appreciate how much tedious work was involved just to create something simple as a contact form or an online survey.</p>
</td>
</tr>
<tr valign="top">
<td>
<img src="http://www.fuelyourventure.com/files/brian-avatar.png" alt="brian-avatar" title="brian-avatar" width="61" height="62" class="alignleft size-full wp-image-423" /><strong>
<p>I think we can all relate to similar frustrations we encounter in our jobs, and many times, though we think of helpful solutions, it’s difficult to get past just talking about it, and actually get started on building something.</p>
<p>How long did it take between when you had the idea until you began to take action on it and how much decision making went into deciding it was a good enough idea to proceed?</p>
<p></strong>
</td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/kevin-avatar.jpg" alt="kevin-avatar" title="kevin-avatar" width="61" height="62" class="alignleft size-full wp-image-425" />
<p>While we thought about the idea around 2005, we didn’t start writing the first lines of code until after we got accepted into Y Combinator in January 2006. We knew right away that it was a good idea, the trick was figuring out how to architect our time to give us the opportunity to just sit down, focus and build a prototype. While we started off on the bootstrapping route, it wasn’t until we got funding that we were able to work on it full time.</p>
</td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/brian-avatar.png" alt="brian-avatar" title="brian-avatar" width="61" height="62" class="alignleft size-full wp-image-423" /><strong>
<p>Many startup teams find themselves in the situation where they work a full time job while trying to build the startup, and they also have to bootstrap it as well. Do you have any advice to startup teams in this position?</p>
<p></strong></td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/kevin-avatar.jpg" alt="kevin-avatar" title="kevin-avatar" width="61" height="62" class="alignleft size-full wp-image-425" />
<p>Successful bootstrapping is all about discipline and stamina. Every scenario I’ve ever heard is some variation of coming home exhausted from regular work and figuring out how to muster additional energy to do more work. There’s no secrets from what I can remember from our own experience and from what I’ve seen others try. It pretty much sucks. Especially if you like anything else interesting in your life…like family, friends, hobbies, relationships, etc. My advice is that you remember your motivations and do what you can to stay positive. I honestly believe that if you figure out how to dedicate a solid few hours of work every single night to your side project, there’s no way it doesn’t manifest into something. It might not go exactly as planned, but something always happens. Oh, and document everything. People are voracious for the products of productive people. There is some wild fascination by all of humanity about those moments that show how things happen behind the scenes. That knowledge and more specifically that kind of sharing attracts not just an audience but potential fans—people with an intimate understanding of your process, justifications and roots. That’s invaluable.</p>
</td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/brian-avatar.png" alt="brian-avatar" title="brian-avatar" width="61" height="62" class="alignleft size-full wp-image-423" /><strong>
<p>What were the first steps of action you took once you decided you wanted to build Wufoo?</p>
<p></strong></td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/kevin-avatar.jpg" alt="kevin-avatar" title="kevin-avatar" width="61" height="62" class="alignleft size-full wp-image-425" />
<p>On the steps of the Austin Convention Center at SXSW Interactive 2005, all three of us were talking after a day of panels and we decided that there was absolutely nothing separating us from any other successful person at the conference. That’s when we decided to start a blog and that lead to a magazine that we charged for, to help us moonlight program at nights. Eventually, we got inspired, scored some seed funding through Y Combinator and built something that liberated us from the land of the cubicles.</p>
</td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/brian-avatar.png" alt="brian-avatar" title="brian-avatar" width="61" height="62" class="alignleft size-full wp-image-423" /><strong>
<p>It sounds like the first thing you had was confidence, which is something I find lacking in a lot of individuals who wish they could build a product or a service, but don’t feel they have what it takes. And yet, as you said, there really is very little in skills and experience that separate those who succeed from those who never start, other than the commitment to do so.</p>
<p>You said you decided to start a blog first. Was that in order to build credibility, an audience, something else? How long did you run the blog before starting to build Wufoo?</p>
<p></strong></td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/kevin-avatar.jpg" alt="kevin-avatar" title="kevin-avatar" width="61" height="62" class="alignleft size-full wp-image-425" />
<p>All of the above. It’s not even our formula. We heard this strategy for the first time from Jason Fried of 37signals fame at a session at SXSW many years ago on doing big things with small teams. They started their relationships with their users with their blog Signal vs Noise long before they built Basecamp and we all know how that story is going (hint: well!). Anyway, we ran Particletree for about a year before we got into Y Combinator.</p>
</td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/brian-avatar.png" alt="brian-avatar" title="brian-avatar" width="61" height="62" class="alignleft size-full wp-image-423" /><strong>
<p>I know from experience that sometimes the most difficult part of getting started with an idea is choosing the name and the url for it, and some teams also have to decide what platform to build it on. At what point in the process did you choose the name and the url, and decide on the technology platform?</p>
<p></strong></td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/kevin-avatar.jpg" alt="kevin-avatar" title="kevin-avatar" width="61" height="62" class="alignleft size-full wp-image-425" />
<p>The name came up some time after a few weeks of coding. One of the people accepted into Y Combinator at the time was Beau Hartshorne, the creator of instantdomainsearch.com. He did all this crazy algorithmic domain name availability matching system and was able to give us a list of 5 letter domain names that were still available. We all went through the list and Wufoo just jumped out at me. I really liked it because it was a combo of two bands I really liked : Wu-Tang Clan and Foo Fighters. I kept saying over and over and eventually it stuck. The platform was based on what we knew well at the time from working on Particletree, our web development experiments blog at the time.</p>
</td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/brian-avatar.png" alt="brian-avatar" title="brian-avatar" width="61" height="62" class="alignleft size-full wp-image-423" />
<p><strong>When during the process did you bring on other members to the team or involve other people to help you build a product ready for launch?</strong></p>
</td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/kevin-avatar.jpg" alt="kevin-avatar" title="kevin-avatar" width="61" height="62" class="alignleft size-full wp-image-425" />
<p>So we started writing the first lines of code in January 2006 and we launched later that summer in July of 2006. It was still just the founders then doing all the development. We did, at the time, outsource our server management to a boutique company based in San Francisco at the time called Bitpusher. They handled all of our infrastructure, hardware and networking needs since that wasn’t our strong suit. Because we were (and still are) a small team that desired to stay a small team, we didn’t hire for almost two years.</p>
</td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/brian-avatar.png" alt="brian-avatar" title="brian-avatar" width="61" height="62" class="alignleft size-full wp-image-423" /><strong>
<p>What are the advantages of staying small? What would you say to Founders and CEOs who want to hire a large team right away in order to speed toward the final product?</p>
<p></strong></td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/kevin-avatar.jpg" alt="kevin-avatar" title="kevin-avatar" width="61" height="62" class="alignleft size-full wp-image-425" />
<p>Honestly, best of luck to you. And I mean it. I don’t believe in the idea that there’s only one correct way to build a company. Companies that make a lot of revenue tend to be big companies. So if you want to make gobs of money, there’s a pretty strong correlation there. A few things that we like about staying small is the discipline it places on everyone to make the most of our resources to serve a large and growing audience of users, the very intimate and positive culture we’ve been able to develop that we’re very proud of, and because we are a company that offers a profit sharing plan with employees, the math works out in our favor if we keep it small.</p>
</td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/brian-avatar.png" alt="brian-avatar" title="brian-avatar" width="61" height="62" class="alignleft size-full wp-image-423" /><strong>
<p>Did the original idea go through many changes from what we see today?</p>
<p></strong></td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/kevin-avatar.jpg" alt="kevin-avatar" title="kevin-avatar" width="61" height="62" class="alignleft size-full wp-image-425" />
<p>The initial vision of Wufoo was actually as an ASP content manager with the ability to allow for unlimited inputs and reversible forms, which means they could be used for both backend management and public submission. Basically, the worst elevator pitch ever described. As we wised up, ASP turned into PHP and we tried to narrow our focus to form building.</p>
</td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/brian-avatar.png" alt="brian-avatar" title="brian-avatar" width="61" height="62" class="alignleft size-full wp-image-423" /><strong>
<p>What forces helped you to ‘wise up’? Was it bouncing your ideas off of others, or just you zeroing in on it as it came together?</p>
<p></strong></td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/kevin-avatar.jpg" alt="kevin-avatar" title="kevin-avatar" width="61" height="62" class="alignleft size-full wp-image-425" />
<p>Well, PHP was open source and therefore free and for a startup that’s a big thing. Plus, they have a great community that’s easily accessible and so that was also part of the calculations over a language like .NET.</p>
<p>The form building angle actually came from Paul Graham, one of our investors who serves as one of the partners over at Y Combinator. What we kept describing required a lot of words and that’s terrible in a pitch situation. Since our focus was creating a UI to design the front end easier while we magically take care of the backend, it just made sense to distill it down to what makes sense from the user perspective. Content Managers, Database Application Creators, Spreadsheets and Form Builders are really all variations of the exact same concept and principles. How you choose to describe yourself is really a marketing angle and at that time, the space was ripe for something new in that category.</p>
</td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/brian-avatar.png" alt="brian-avatar" title="brian-avatar" width="61" height="62" class="alignleft size-full wp-image-423" /><strong>
<p>When and how did you decide on which features were necessary for the initial launch?</p>
<p></strong></td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/kevin-avatar.jpg" alt="kevin-avatar" title="kevin-avatar" width="61" height="62" class="alignleft size-full wp-image-425" />
<p>In the beginning we started off with this giant grocery list of all the features we could ever think could go into Wufoo. Fortunately, we had a very real deadline created by Y Combinator that required us to have some sort of working prototype to show off to a room full of investors in three months and so that kind of constraint resulted in us removing almost 50% of the features on that initial list right away. The next deadline we made for ourselves came out of wanting to give an exclusive to TechCrunch on launch on July 5, 2006. To reach that date, we paired down our ideas to the most basic things we could think of to get a user going from build form, view entries, edit entries, design styles and create reports. That came out to something like 30 features I think. That said, we weren’t super specific and were still over zealous about our ambitions and skills and so we actually had features on that initial 30 that we didn’t finish until just this year (4 years later!).</p>
</td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/brian-avatar.png" alt="brian-avatar" title="brian-avatar" width="61" height="62" class="alignleft size-full wp-image-423" /><strong>
<p>I think its very difficult for us founders when we are passionate about providing a solution to a problem to stay focused on the essentials. You mention that a hard deadline helped you stay focused and that reminds me of building PeepNote for the Rails Rumble. We had a very real deadline of 48 hrs from when we started, and throughout that time we continued to drop features that weren’t as important. We were very aware that some product had to be launched by the end or we were out. I think deadlines like this can really help teams focus, but, not everyone is competing in a competition as we were, or given a deadline by investors as you were. Do you have any suggestions for startup teams who don’t have an externally forced deadline, but still need to resist the urge to add endless features, and take far too long to deliver a product?</p>
<p></strong></td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/kevin-avatar.jpg" alt="kevin-avatar" title="kevin-avatar" width="61" height="62" class="alignleft size-full wp-image-425" />
<p>You’re right, constraints in the form of deadlines really help people focus their energies down to the essentials. Not much advice to give if you’re having trouble with feature creep. Most people have some sort of ticking clock in place that’s usually tied to funds if not an event in time like meeting with a room full of investors. For people worried about cutting out too many features, I feel like you can always cut something down to one really well-executed feature. Many software ideas starts as such an embryo. I also don’t believe that software is ever truly “done” and so you can always take solace in the fact that users will always ask for more features and give you opportunities to expand upon your creation. I honestly believe waiting for the big launch is a silly idea especially in this age on the web. The life of your app only just begins when your users can have at it. To me, everything before that is just posturing and guesses.</p>
</td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/brian-avatar.png" alt="brian-avatar" title="brian-avatar" width="61" height="62" class="alignleft size-full wp-image-423" /><strong>
<p>What advice would you give to someone who has an idea and has decided they are willing to commit to staying with it and put in the needed time to make it happen. What are the most important next steps to take after the idea is there? What shouldn’t they do right away that maybe you see people get distracted by in the beginning?</p>
<p></strong></td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/kevin-avatar.jpg" alt="kevin-avatar" title="kevin-avatar" width="61" height="62" class="alignleft size-full wp-image-425" />
<p>Get it out there to real users. Critiques from other designers and developers are rarely accurate or helpful and so I think that desire to refine before launch is over expressed in most founders. If you’re planning to make money off the app directly (like with a freemium model) I highly recommend having that ready to go and out there with prices right at launch. There’s this great advice from Joe Kraus, the guy behind Excite and JotSpot, who emphasizes that you have to beta test your business model along with your software.</p>
<p>What I don’t think people need to worry about a lot in the beginning is speculation. Lots of arguments happen in the beginning of most startups based on postulations, hypotheses and predictions. I find those discussions usually lead to wasted energy arguing about possibilities that can’t be proven at the time. I definitely prefer to worry about decisions based on realities and can end with some kind of action item that will lead to an answer. I think what you have to realize is that arguments like those arise out of a lack of information and when you can get to the point where you can use data and revenue to make decisions about direction and focus, those discussions are so much less stressful. I’m always recommending people staying away from the future and keeping themselves in the present by making sure that what they work on is accompanied with measurement and observation. This way, when questions about the future come up, they can extrapolate instead of postulate.</p>
</td>
</tr>
<tr valign="top">
<td><img src="http://www.fuelyourventure.com/files/brian-avatar.png" alt="brian-avatar" title="brian-avatar" width="61" height="62" class="alignleft size-full wp-image-423" /><strong>
<p>Great suggestions Kevin. Thank you for sharing your experience with us. The Internet startup community seems to be corner-stoned by some really helpful individuals, who truly want others to succeed and are willing to share their experience and lessons learned. I think that in the end, this helps others reach their dreams and accomplish their goals, and helps grow the Internet startup community to even larger numbers. Thanks for your time.</p>
<p></strong></td>
</tr>
</tbody>
</table>
<p style="text-align: center; "><a href="http://wufoo.com"><img class="size-full wp-image-426 aligncenter" title="Wufoo" src="http://www.fuelyourventure.com/files/Wufoo.png" alt="Wufoo" width="509" height="155" /></a></p>
<p><img src="http://www.fuelyourventure.com/files/kevin-avatar.jpg" alt="kevin-avatar" title="kevin-avatar" width="61" height="62" class="alignleft size-full wp-image-425" />
<p><em>Kevin Hale is the Co-founder of Infinity Box Inc, a <a href="http://ycombinator.com/">Y Combinator</a> seeded company. His responsibilities include safe guarding and designing the user experience of their online HTML form builder, <a href="http://wufoo.com">Wufoo</a>, which was ranked by Jakob Nielson as one of the best application UIs of 2008. He also writes about interface design issues for the web development blog, Particletree and served as Editor-in-Chief of the web development magazine, Treehouse.</em></p>
<p>Post from: <a href="http://www.fuelyourventure.com">Fuel Your Venture</a></p>
]]></content:encoded>
			<wfw:commentRss>http://www.fuelyourventure.com/getting-started-how-wufoo-went-from-concept-to-launch/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>The Ultimate Startup Incubator Directory</title>
		<link>http://www.fuelyourventure.com/the-ultimate-startup-incubator-directory/</link>
		<comments>http://www.fuelyourventure.com/the-ultimate-startup-incubator-directory/#comments</comments>
		<pubDate>Mon, 12 Apr 2010 10:30:07 +0000</pubDate>
		<dc:creator>Logan Leger</dc:creator>
				<category><![CDATA[Incubators]]></category>
		<category><![CDATA[Lists]]></category>
		<category><![CDATA[Start-Up]]></category>
		<category><![CDATA[Tools & Resources]]></category>
		<category><![CDATA[Directory]]></category>
		<category><![CDATA[incubator]]></category>
		<category><![CDATA[List]]></category>
		<category><![CDATA[Raising Capital]]></category>
		<category><![CDATA[Seed Funding]]></category>
		<category><![CDATA[Y Combinator]]></category>

		<guid isPermaLink="false">http://www.fuelyourventure.com/?p=342</guid>
		<description><![CDATA[In 1997 Ohio University titled a study with its positive findings &#8216;Business Incubation Works&#8217;. According to the study, successful completion of a business incubation program increases the  likelihood that a start-up company will stay in business for the long  term, with a massive 87% of incubator graduates staying in business.  With a reported [...]<p>Post from: <a href="http://www.fuelyourventure.com">Fuel Your Venture</a></p>
]]></description>
			<content:encoded><![CDATA[<p>In 1997 Ohio University titled a study with its positive findings &#8216;<em>Business Incubation Works&#8217;.</em> According to the study, successful completion of a business incubation program increases the  likelihood that a start-up company will stay in business for the long  term, with a massive 87% of incubator graduates staying in business.  With <a href="http://smallbiztrends.com/2008/04/startup-failure-rates.html" target="_blank">a reported</a> 70% of start-ups failing within the first 10 years, the magic &#8216;87&#8242; should give budding entrepreneurs pause as to the &#8216;right&#8217; way to start their venture.</p>
<p>So in the spirit of success, Fuel Your Venture has created a list/directory of companies providing this unique type of funding and mentorship  for the earliest  stage start-ups.</p>
<p><em>Although populated with some amazing incubators, we see this directory as a work in progress.  If you know of a company we are missing, submit it as a comment or email us directly at <a href="mailto:editor@fuelyourventure.com">editor@fuelyourventure.com</a>, and we will add it to the list.</em></p>
<table style="font-size: 14px;border-spacing: 10px" border="0">
<tbody>
<tr>
<td colspan="2"><img class="aligncenter size-full wp-image-345" src="http://www.fuelyourventure.com/files/Y-Combinator-Picture.png" alt="Y Combinator Picture" width="250" height="50" /></td>
</tr>
<tr>
<td style="font-size: 16px;font-weight: bold" colspan="2">Ycombinator</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Location</td>
<td>Mountain View, CA</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Key People</td>
<td><a href="http://www.paulgraham.com/">Paul Graham</a>, <a href="http://www.foundersatwork.com/blog.html">Jessica Livingston</a>, <a href="http://tlb.org/">Trevor Blackwell</a>, Robert Morris</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Founded</td>
<td>2005</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Focus</td>
<td>Software and web services</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Cash Investment</td>
<td>$5,000 plus an additional $5,000 for each founder</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Equity Stake</td>
<td>2-10%</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Website</td>
<td><a href="http://ycombinator.com/">http://ycombinator.com/</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Contact</td>
<td><a href="mailto:info@ycombinator.com">info@ycombinator.com</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Notes</td>
<td>Ycombinator is one of the earliest of the seed-stage incubators.  Based out of Mountain View, CA, Ycombinator hosts two classes of companies each year.  Companies must relocate to Mountain View for the three month duration of the program.  Ycombinator provides office space and mentorship to participants of the program.  The program culminates in an investor and demo day.  Graduates of Ycombinator include Reddit, Loopt, Justin.tv, Scribd and Dropbox.</td>
</tr>
</tbody>
</table>
<table style="font-size: 14px;border-spacing: 10px" border="0">
<tbody>
<tr>
<td colspan="2"><img class="aligncenter size-full wp-image-376" src="http://www.fuelyourventure.com/files/techstars.png" alt="techstars" width="134" height="101" /></td>
</tr>
<tr>
<td style="font-size: 16px;font-weight: bold" colspan="2">Techstars</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Location</td>
<td>Boulder, Colorado; Boston, Massachusetts; and Seattle, Washington</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Key People</td>
<td><a href="http://www.davidgcohen.com/">David Cohen</a>, <a href="http://www.feld.com/">Brad Feld</a>, Jared Polis, David Brown, <a href="http://broderick.org/">Shawn Broderick</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Founded</td>
<td>2006</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Focus</td>
<td>Technology oriented companies (web based and software)</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Cash Investment</td>
<td>$6,000 per founder up to three founders</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Equity Stake</td>
<td>6%</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Website</td>
<td>http://techstars.org</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Contact</td>
<td><a href="mailto:info@techstars.org">info@techstars.org</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Notes</td>
<td>TechStars was founded a year after Ycombinator.  Companies must relocate to the Techstars location for the entire three month duration of the program.  Past graduates include IntenseDebate, Socialthing, Brightkite, DailyBurn and ignighter.  The program culminates in an investor and demo day.  Over 70% of TechStars companies have had success outside of the program, either by raising outside funding or becoming profitable.</td>
</tr>
</tbody>
</table>
<table style="font-size: 14px;border-spacing: 10px" border="0">
<tbody>
<tr>
<td colspan="2"><a href="http://www.fuelyourventure.com/files/dreamit.png"><img class="aligncenter size-full wp-image-369" src="http://www.fuelyourventure.com/files/dreamit.png" alt="dreamit" width="250" height="166" /></a></td>
</tr>
<tr>
<td style="font-size: 16px;font-weight: bold" colspan="2">DreamIt Ventures</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Location</td>
<td>Philadelphia, PA</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Key People</td>
<td>David Bookspan, Michael Levinson, Steven Welch</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Founded</td>
<td>2007</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Focus</td>
<td>Any idea that can be developed into a product in three months</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Cash Investment</td>
<td>$30,000</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Equity Stake</td>
<td>6%</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Website</td>
<td><a href="http://www.dreamitventures.com/">http://www.dreamitventures.com/</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Contact</td>
<td><a href="mailto:info@dreamitventures.com">info@dreamitventures.com</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Notes</td>
<td>At the end of the program, companies pitch to potential investors at a demo day.  Although younger than Ycombinator and TechStars, DreamIt has funded successful companies, including SCVNGR, NoteHall, and SeatGeek.  Read our recent <a href="http://www.fuelyourventure.com/startup-incubator-dreamit-ramps-up-for-a-new-round/">article about DreamIt</a> for more detailed information.</td>
</tr>
</tbody>
</table>
<table style="font-size: 14px;border-spacing: 10px" border="0">
<tbody>
<tr>
<td colspan="2"><a href="http://www.fuelyourventure.com/files/capital_factory.png"><img class="aligncenter size-full wp-image-368" src="http://www.fuelyourventure.com/files/capital_factory.png" alt="capital_factory" width="250" height="250" /></a></td>
</tr>
<tr>
<td style="font-size: 16px;font-weight: bold" colspan="2">Capital Factory</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Location</td>
<td>Austin, TX</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Key People</td>
<td><a href="http://austinpreneur.com/">Josh Baer</a>, <a href="http://decker.typepad.com/">Sam Decker</a>, <a href="http://www.austinstartup.com/">Bryan Menell</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Founded</td>
<td>2009</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Focus</td>
<td>Technology</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Cash Investment</td>
<td>$20,000 in cash plus additional products and services valued at more than $20,000</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Equity Stake</td>
<td>5%</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Website</td>
<td><a href="http://capitalfactory.com">http://capitalfactory.com</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Contact</td>
<td><a href="http://twitter.com/capitalfactory">http://twitter.com/capitalfactory</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Notes</td>
<td>The program ends with a demo day in which companies pitch to potential investors.  Previous classes included five companies, including PetsMD.com, SpareFoot.com, and Cubit planning.</td>
</tr>
</tbody>
</table>
<table style="font-size: 14px;border-spacing: 10px" border="0">
<tbody>
<tr>
<td colspan="2"><a href="http://www.fuelyourventure.com/files/shotput.jpg"><img class="aligncenter size-full wp-image-373" src="http://www.fuelyourventure.com/files/shotput.jpg" alt="shotput" width="250" height="73" /></a></td>
</tr>
<tr>
<td style="font-size: 16px;font-weight: bold" colspan="2">Shotput Ventures</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Location</td>
<td>Atlanta, GA</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Key People</td>
<td><a href="http://davidcummings.org/">David Cummings</a>, <a href="http://www.sanjayparekh.com/">Sanjay Parekh</a>, <a href="http://twitter.com/agraber">Allen Graber</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Founded</td>
<td>2009</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Focus</td>
<td>Capital-light web companies</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Cash Investment</td>
<td>$6,000 per founder up to three founders</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Equity Stake</td>
<td>5-10%</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Website</td>
<td><a href="http://www.shotputventures.com/">http://www.shotputventures.com/</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Contact</td>
<td><a href="mailto:info@shotputventures.com">info@shotputventures.com</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Notes</td>
<td>Shotput also provides mentoring and a demo day at the end of the program but doesn’t provide any office space.  Shotput requires companies to relocate to Atlanta for the duration of the three month program.</td>
</tr>
</tbody>
</table>
<table style="font-size: 14px;border-spacing: 10px" border="0">
<tbody>
<tr>
<td colspan="2"><a href="http://www.fuelyourventure.com/files/launchbox.png"><img class="aligncenter size-full wp-image-371" src="http://www.fuelyourventure.com/files/launchbox.png" alt="launchbox" width="229" height="77" /></a></td>
</tr>
<tr>
<td style="font-size: 16px;font-weight: bold" colspan="2">LaunchBox Digital</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Location</td>
<td>Washington, D.C.</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Key People</td>
<td>Julius Genachowski, Sean Greene and John McKinley</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Founded</td>
<td>2007</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Focus</td>
<td>Technology oriented companies</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Cash Investment</td>
<td>$15,000-20,000</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Equity Stake</td>
<td>6%</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Website</td>
<td><a href="http://www.launchboxdigital.com/">http://www.launchboxdigital.com/</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Contact</td>
<td><a href="mailto:theteam@launchboxdigital.com">theteam@launchboxdigital.com</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Notes</td>
<td>LaunchBox provides office space, mentorship and a demo day at the end of the 12 week program.  Participating companies are required to relocate to Washington, D.C. for the duration of the program.  Previous graduates include JamLegend, TapMetrics and unblab.</td>
</tr>
</tbody>
</table>
<table style="font-size: 14px;border-spacing: 10px" border="0">
<tbody>
<tr>
<td colspan="2"><a href="http://www.fuelyourventure.com/files/boomstartup.png"><img class="aligncenter size-full wp-image-367" src="http://www.fuelyourventure.com/files/boomstartup.png" alt="boomstartup" width="226" height="57" /></a></td>
</tr>
<tr>
<td style="font-size: 16px;font-weight: bold" colspan="2">BoomStartup</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Location</td>
<td>Salt Lake City, UT</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Key People</td>
<td>John Richards, Robb Kunz and Josh James</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Founded</td>
<td>2010</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Focus</td>
<td>Tech startups</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Cash Investment</td>
<td>$15,000</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Equity Stake</td>
<td>Not stated</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Website</td>
<td><a href="http://www.boomstartup.com/">http://www.boomstartup.com/</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Contact</td>
<td><a href="http://www.boomstartup.com/?q=contact">http://www.boomstartup.com/?q=contact</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Notes</td>
<td>BoomStartup is mentorship-driven.  It provides office space in Salt Lake City as well as services to help startups.  The incubator hosts a demo day in September for member companies to pitch to potential investors.</td>
</tr>
</tbody>
</table>
<table style="font-size: 14px;border-spacing: 10px" border="0">
<tbody>
<tr>
<td colspan="2"><a href="http://www.fuelyourventure.com/files/springboard.png"><img class="aligncenter size-full wp-image-374" src="http://www.fuelyourventure.com/files/springboard.png" alt="springboard" width="250" height="112" /></a></td>
</tr>
<tr>
<td style="font-size: 16px;font-weight: bold" colspan="2">Springboard</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Location</td>
<td>Cambridge, UK</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Key People</td>
<td><a href="http://blog.businessofsoftware.org/">Neil Davidson</a>, Simon Galbraith and Amir Chaudhry</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Founded</td>
<td>2009</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Focus</td>
<td>Business-to-business software</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Cash Investment</td>
<td>Varies</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Equity Stake</td>
<td>None</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Website</td>
<td><a href="http://springboard.com/">http://springboard.com/</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Contact</td>
<td><a href="mailto:amir.chaudhry@red-gate.com">amir.chaudhry@red-gate.com</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Notes</td>
<td>Springboard is an &#8216;accidental&#8217; incubator founded by Red Gate.  Springboard provides mentorship and office space in Red Gate&#8217;s offices.  Springboard doesn&#8217;t take any equity in the companies they support.  Past participating companies include PagerDuty, TidePowered and MetaAlternative.</td>
</tr>
</tbody>
</table>
<table style="font-size: 14px;border-spacing: 10px" border="0">
<tbody>
<tr>
<td colspan="2"><a href="http://www.fuelyourventure.com/files/excelerate.png"><img class="aligncenter size-full wp-image-370" src="http://www.fuelyourventure.com/files/excelerate.png" alt="excelerate" width="247" height="63" /></a></td>
</tr>
<tr>
<td style="font-size: 16px;font-weight: bold" colspan="2">Excelerate</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Location</td>
<td>Chicago, IL</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Key People</td>
<td><a href="http://twitter.com/samyagan">Sam Yagan</a>, Kapil Chaudhary, Kelli Rhee, Troy Henikoff</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Founded</td>
<td>2010</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Focus</td>
<td>None stated</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Cash Investment</td>
<td>$15,000-20,000</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Equity Stake</td>
<td>5%</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Website</td>
<td><a href="http://www.exceleratelabs.com/">http://www.exceleratelabs.com/</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Contact</td>
<td><a href="http://www.exceleratelabs.com/contact/">http://www.exceleratelabs.com/contact/</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Notes</td>
<td>Excelerate is a &#8216;bootcamp&#8217; for startups and provides mentorship, office space in downtown Chicago and access to potential investors.  Companies are required to relocate to Chicago for the duration of the 13 week program.</td>
</tr>
</tbody>
</table>
<table style="font-size: 14px;border-spacing: 10px" border="0">
<tbody>
<tr>
<td colspan="2"><a href="http://www.fuelyourventure.com/files/sproutbox.jpg"><img class="aligncenter size-full wp-image-375" src="http://www.fuelyourventure.com/files/sproutbox.jpg" alt="sproutbox" width="250" height="70" /></a></td>
</tr>
<tr>
<td style="font-size: 16px;font-weight: bold" colspan="2">SproutBox</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Location</td>
<td>Bloomington, IL</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Key People</td>
<td>Marc Guyer, Mike Trotzke, Brad Wisler</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Founded</td>
<td>2008</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Focus</td>
<td>Web based applications</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Cash Investment</td>
<td>$10,000-15,000</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Equity Stake</td>
<td>25-40%</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Website</td>
<td><a href="http://sproutbox.com/">http://sproutbox.com/</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Contact</td>
<td>Phone: 888.417.9341</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Notes</td>
<td>SproutBox is a development focused incubator.  Sproutbox  selects four companies a year to be a part of a 10 month program.  SproutBox provides office space and services worth between $200,000-250,000 in order to &#8216;mitigate initial distractions&#8217;.  Participants must relocate to Bloomington for a minimum of three months during the development phase.  SproutBox provides access to potential investors at the end of the program.</td>
</tr>
</tbody>
</table>
<table style="font-size: 14px;border-spacing: 10px" border="0">
<tbody>
<tr>
<td colspan="2"><a href="http://www.fuelyourventure.com/files/next_start.jpg"><img class="aligncenter size-full wp-image-372" src="http://www.fuelyourventure.com/files/next_start.jpg" alt="next_start" width="250" height="69" /></a></td>
</tr>
<tr>
<td style="font-size: 16px;font-weight: bold" colspan="2">NextStart</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Location</td>
<td>Greenville, SC</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Key People</td>
<td>Michael Mino, Kim Dawson, Kristie B. Byrum, Neil Grayson, Rick Heller, David Setzer, Peter Walschmidt, David Wyman, Robert Fletcher</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Founded</td>
<td>2009</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Focus</td>
<td>None stated</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Cash Investment</td>
<td>$5,000 per team member ($10,000 maximum per company)</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Equity Stake</td>
<td>5-10%</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Website</td>
<td><a href="http://www.nextstart.org/">http://www.nextstart.org/</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Contact</td>
<td>Phone: 864.370.3038</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Notes</td>
<td>NextStart is an incubator based in Greenville, South Carolina.  The program provides mentorship and office space for the duration of the summer program.  NextStart culminates in a demo day at which companies pitch to potential investors.  The program takes between 5-10% equity.</td>
</tr>
</tbody>
</table>
<table style="font-size: 14px;border-spacing: 10px" border="0">
<tbody>
<tr>
<td colspan="2"><img class="aligncenter size-full wp-image-398" src="http://www.fuelyourventure.com/files/GoodCompany-Ventures.gif" alt="GoodCompany Ventures" width="339" height="42" /></td>
</tr>
<tr>
<td style="font-size: 16px;font-weight: bold" colspan="2">GoodCompany Ventures</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Location</td>
<td>Philadelphia, PA</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Key People</td>
<td><a href="http://twitter.com/garrettmelby">Garrett Melby</a>, <a href="http://www.linkedin.com/in/christopherbentley">Chris Bentley</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Founded</td>
<td>2009</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Focus</td>
<td>For-profit social enterprises</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Cash Investment</td>
<td>$0</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Equity Stake</td>
<td>0%</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Website</td>
<td><a href="http://www.goodcompanyventures.org/">http://www.goodcompanyventures.org/</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Contact</td>
<td><a href="http://www.goodcompanyventures.org/about/contact-us/">http://www.goodcompanyventures.org/about/contact-us/</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Notes</td>
<td>GoodCompany is an incubator that&#8217;s specifically focused on &#8220;socially conscious entrepreneurs who can make a difference.&#8221;  GoodCompany doesn&#8217;t provide any money to participants and doesn&#8217;t take any equity, but it provides mentoring, support, and facilities.  The incubator also facilitates a first investment round.  Participants are required to attend weekly meetings at the GoodCompany offices in downtown Philadelphia.  The program culminates in a demo day at which participating companies pitch to potential investors.</td>
</tr>
</tbody>
</table>
<table style="font-size: 14px;border-spacing: 10px" border="0">
<tbody>
<tr>
<td colspan="2"><img class="aligncenter size-full wp-image-380" title="betaspring" src="http://www.fuelyourventure.com/files/betaspring.png" alt="betaspring" width="257" height="55" /></td>
</tr>
<tr>
<td style="font-size: 16px;font-weight: bold" colspan="2">Betaspring</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Location</td>
<td>Providence, RI</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Key People</td>
<td>Allan Tear, Jack Templin, Owen Johnson</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Founded</td>
<td>2009</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Focus</td>
<td>Technology and design from web services to physical devices</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Cash Investment</td>
<td>Average of $20k per team</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Equity Stake</td>
<td>6-8%</td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Website</td>
<td><a href="http://betaspring.com/" target="_new">http://betaspring.com</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Contact</td>
<td><a href="mailto:info@betaspring.com" target="_new">info@betaspring.com</a></td>
</tr>
<tr>
<td style="background: #f1f1f1;padding: 10px">Notes</td>
<td>Competitive entrepreneurial teams from around the world come to  Providence, RI, for our intensive twelve week program. During these  twelve weeks, we help teams transform themselves into functional, fundable companies by providing mentorship, kickoff funding, and  immersion in an intense startup community of like-minded entrepreneurs.  At the end of the program teams have the opportunity  to present their company to investors from the Boston, New York  corridor  during our Demo Day event.</td>
</tr>
</tbody>
</table>
<h2>Did we miss anyone?</h2>
<p>We would like to make this a comprehensive resource for startup incubators everywhere.  If you have one to add to the list, please submit it to <a href="mailto:editor@fuelyourventure.com">editor@fuelyourventure.com</a></p>
<h2>We are looking for feedback</h2>
<p>Have you worked with any of these incubators?  Have feedback? Share your experience below!</p>
<p>Post from: <a href="http://www.fuelyourventure.com">Fuel Your Venture</a></p>
]]></content:encoded>
			<wfw:commentRss>http://www.fuelyourventure.com/the-ultimate-startup-incubator-directory/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Startup incubator &#8216;DreamIt&#8217; ramps up for a new round</title>
		<link>http://www.fuelyourventure.com/startup-incubator-dreamit-ramps-up-for-a-new-round/</link>
		<comments>http://www.fuelyourventure.com/startup-incubator-dreamit-ramps-up-for-a-new-round/#comments</comments>
		<pubDate>Wed, 17 Mar 2010 13:41:51 +0000</pubDate>
		<dc:creator>Logan Leger</dc:creator>
				<category><![CDATA[Incubators]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Start-Up]]></category>
		<category><![CDATA[incubator]]></category>

		<guid isPermaLink="false">http://www.fuelyourventure.com/?p=326</guid>
		<description><![CDATA[DreamIt Ventures, a Philadelphia-based local incubator that targets Northeastern population centers such as New York, DC and Philadelphia, is gearing up for another session of funding.  Applications close March 22nd for the incubator’s summer program, which runs from mid-May to August and culminates in an investor demo day.
DreamIt is not unlike other localized incubators, [...]<p>Post from: <a href="http://www.fuelyourventure.com">Fuel Your Venture</a></p>
]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-327" src="http://www.fuelyourventure.com/files/0fc52c21ad83d087340681e215e6f75a.png" alt="DreamIt Ventures Logo" width="278" height="93" /><a href="http://www.dreamitventures.com">DreamIt Ventures</a>, a Philadelphia-based local incubator that targets Northeastern population centers such as New York, DC and Philadelphia, is gearing up for another session of funding.  Applications close March 22nd for the incubator’s summer program, which runs from mid-May to August and culminates in an investor demo day.</p>
<p>DreamIt is not unlike other localized incubators, such as Mountain View (CA) based <a href="http://ycombinator.com">Y Combinator</a> and Boulder(CO)&#8217;s <a href="http://www.techstars.org">Techstars</a>, which provide funding and essential services for early stage startups.  Teams aren’t expected to have a business plan — only a great idea and a solid team.  The program provides a team with up to $30,000 in startup capital, coaching from top mentors, complimentary legal and accounting services, connections to the startup community and office space in Philadelphia.  At the end of the program, DreamIt hosts a Demo Day at which participating companies pitch to potential investors.</p>
<p><img class="aligncenter size-medium wp-image-328" src="http://www.fuelyourventure.com/files/af1807cd0ee4b6b7c026e33525f37489-600x262.png" alt="DreamIt Value" width="600" height="262" /></p>
<p>Although young — DreamIt funded its first class in 2008, with some graduates already achieving notable success.  <a href="http://www.scvngr.com">SCVNGR</a>, a location-based gaming company, raised $4 million from Google Ventures and is already cash-flow positive after only a year; <a href="http://www.notehall.com">NoteHall</a>, an online marketplace for college notes, was featured on ABC’s show ‘Shark Tank’ and received funding as a result; and <a href="http://seatgeek.com">SeatGeek</a>, which forecasts sports and concert tickets, was a finalist at TechCrunch 50 and secured $500,000 in Series A funding.</p>
<p><img class="alignright size-full wp-image-329" src="http://www.fuelyourventure.com/files/levinson.png" alt="DreamIt Managing Partner, Mike Levinson" width="96" height="97" />“Our first two classes of DreamIt companies were exceptional,” said Mike Levinson, one of DreamIt’s founding partners. “We expect this year to be our best class yet. We will have more applicants than ever before, impressive new mentors and a more vibrant community of investors keeping an eye on our companies.”</p>
<p>Since the notable success of Y Combinator, incubators fitting the small seed funding, mentorship- and community-driven model are starting up all over the country.  There are funds in San Francisco, Boulder, Philadelphia, Boston, Atlanta, Austin, and Salt Lake City, Utah to name just a few.  This is an important step forward for the startup community. New incubators, increase the opportunity for startups to get funded and succeed, by providing a vital ingredient: connections.  If the current trend holds, we should see a lot more of these popping up in other population centers over the next few years — and it’s only a matter of time before one appears in your backyard.</p>
<p>Post from: <a href="http://www.fuelyourventure.com">Fuel Your Venture</a></p>
]]></content:encoded>
			<wfw:commentRss>http://www.fuelyourventure.com/startup-incubator-dreamit-ramps-up-for-a-new-round/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Grooveshark: What&#8217;s Feeding the Frenzy?</title>
		<link>http://www.fuelyourventure.com/grooveshark-whats-feeding-the-frenzy/</link>
		<comments>http://www.fuelyourventure.com/grooveshark-whats-feeding-the-frenzy/#comments</comments>
		<pubDate>Tue, 16 Feb 2010 16:30:03 +0000</pubDate>
		<dc:creator>Dan Denney</dc:creator>
				<category><![CDATA[Start-Up]]></category>

		<guid isPermaLink="false">http://www.fuelyourventure.com/?p=132</guid>
		<description><![CDATA[

What is Grooveshark?
Grooveshark is the easiest way to listen to free music online, with millions of songs to search for and play instantly.
There are a number of services to listen to music online, but Grooveshark stands out because it focuses on one thing and does it very well. Want to hear a song? Type Grooveshark.com [...]<p>Post from: <a href="http://www.fuelyourventure.com">Fuel Your Venture</a></p>
]]></description>
			<content:encoded><![CDATA[<div id="grooveshark">
<div class="intro">
<div style="float: left; font-family: georgia; font-size:5em; margin: 0; text-shadow: 0px 1px 2px #888888;">What is Grooveshark?</div>
<div style="float: left; font-size: 1.6em; line-height: 1.2em; margin: 10px 0 0 0;">Grooveshark is the easiest way to listen to free music online, with millions of songs to search for and play instantly.</div>
<p style="clear: both;float: left;margin: 10px 0 0 0;">There are a number of services to listen to music online, but Grooveshark stands out because it focuses on one thing and does it very well. Want to hear a song? Type Grooveshark.com into your browser, search for it and play it. It&#8217;s that simple.</p>
<p><img class="search-img" style="clear: both; float: left; margin: 0pt 0pt 0pt 114px; width: 406px; border: medium none;" src="http://fuelyourventure.com/files/search-for-music.jpg" alt="Search for Music" /></p>
<p style="clear: both;float: left;margin: 10px 0 0 0;">Of course, there is much, much more to their service and everything is tied to together in a gorgeous user interface. Registered users can save favorites, create playlists, share music and much more. The team behind Grooveshark even developed out <a href="http://www.tinysong.com">Tinysong</a>, which is a url shortener that allows you to quickly share links directly to songs.</p>
<p><!-- grooveshark-intro --></div>
<div id="fans" style="background: url(http://fuelyourventure.com/files/fan.jpg) no-repeat scroll 0% 0% transparent; clear: both; float: left; height: 283px; width: 634px;">
<div class="fan" style="display: inline; float: left; width: 280px;">
<h2 style="clear: both; float: left; line-height: 1.2em; width: 200px;">For the Fans</h2>
<p style="float: left; margin: 5px 0pt 0pt 35px; width: 240px;">For music listeners, creating an account allows you to create playlists, save favorites, and find playlists made by others.</p>
<p><!-- close .fan --></div>
<div class="band" style="display: inline; float: left; width: 280px;">
<h2 style="clear: both; float: left; line-height: 1.2em; margin: 120px 0pt 0pt 140px; width: 200px;">For the Bands</h2>
<p style="float: left; margin: 5px 0pt 0pt 140px; width: 200px;">For music artists, creating an account allows you to share and promote your music, along with access to some amazing analytics.</p>
<p><!-- close .band --></div>
<p><!-- close #fans --></div>
<div id="team" style="clear: both; float: left; width: 634px;">
<h2 style="clear: both;float: left;line-height: 1.2em;margin: 30px 0 0 0;">The Team</h2>
<div class="content" style="clear: left; display: inline; float: left; margin: 0pt 20px 0pt 0pt; width: 414px;">
<p style="clear: both;float: left;margin: 10px 0 0 0;">When Josh and Sam founded Grooveshark, they approached it with a much different outlook than their competition. The music industry had shifted from trying to sell cds in stores to trying to sell cds online, but that was the extent of the &#8220;innovation&#8221;. People were downloading music through file sharing networks for free, but their magic question was &#8220;why?&#8221;. The answer wasn&#8217;t &#8220;because it&#8217;s free&#8221;.</p>
<p style="clear: both;float: left;margin: 10px 0 0 0;">They saw greater value in the music content available for free. Music that was available on file sharing networks included remixes, live versions, acoustic versions and sharers even made their own collections to share. So, the free file sharing networks had deeper, richer content: if you could find it. To Josh and Sam, the missing element was accessibility. So they set out to create a service that would provide this deeper content for free and make it instantly accessible.</p>
<h3 style="clear: both;color: #555555;float: left;line-height: 1.2em;margin: 20px 0 0 0; text-transform:  none;">So, how did they take their idea and turn it into a service with nearly 1.5 million users and approximately 900 years of collective playtime per month?</h3>
<p style="clear: both;float: left;margin: 10px 0 0 0;">They carefully built a team of people who &#8220;live what they are working on&#8221;. If the members of the Grooveshark team weren&#8217;t being paid, they would be doing exactly what they do in their position. While this is almost expected amongst the creative, it rings true amongst the entire staff. For example, if Isaac wasn&#8217;t selling for Grooveshark, he would be &#8220;steady hustling&#8221;.</p>
<p style="clear: both;float: left;margin: 10px 0 0 0;">You can check out the <a href="http://www.grooveshark.com/about">Grooveshark Team page</a> for a full listing of the people and the positions that keep Grooveshark running.</p>
<p><!-- close .content --></div>
<div class="bios" style="background: url(http://www.fuelyourventure.com/files/team1.jpg) repeat-y scroll 0% 0% transparent; clear: right; display: inline; float: left; height: 516px; width: 200px;">
<p><!-- .bios --></div>
<p><!-- close .team --></div>
<div id="workplace" style="clear: both; float: left; width: 634px; height: 341px; background: url(http://fuelyourventure.com/files/workplace.jpg) repeat scroll 0% 0% transparent; margin-top: 20px;">
<h2 style="clear: both;float: left;margin: 10px 0 20px 0;">The Workplace</h2>
<h3 style="clear: both;color: #555555;float: left;line-height: 1.2em;margin: 0; text-transform:  none;">&#8220;I love the fact that we&#8217;re all working towards the same goal, but from different angles.&#8221;</h3>
<p style="clear: both;float: left;margin: 10px 0 0 0;">That was an amazing response to the question of what is the best part of working at Grooveshark. It not only describes the &#8220;feel&#8221; of an environment that takes pride in encouraging creativity, but it also describes the physical office layout. The office is a large rectangular shaped room with a lot of desks and no dividers. While the desks are grouped together by department, everyone is within &#8220;nerf ball throwing&#8221; range. (Not that anything like that would ever happen in a room full of startup employees, of course.)</p>
<p style="clear: both;float: left;margin: 10px 0 0 0;">Aside from that, it&#8217;s your everyday office with a conference room, chill room with a ping pong table and a kitchen featuring a newly acquired drink machine. Oh, and of course, the chef that makes breakfast to order in the mornings.</p>
<p style="clear: both;float: left;margin: 10px 0 0 0;">The office is occupied pretty much 24 hours per day and scheduling is as flexible as possible. Now, not doing 9-5 doesn&#8217;t mean they&#8217;re on cruise control. This team &#8220;gets shit done&#8221;, so 12 hour days and putting in some weekend time is pretty common behavior. (They are an internet company, after all.)</p>
<p><!-- close #workplace --></div>
<h2 class="money-title" style="clear: both;float: left;margin: 30px 0 20px 0;">How They Make Money</h2>
<div id="money" style="background: url(http://fuelyourventure.com/files/make-money.jpg) no-repeat scroll 0% 0% transparent; clear: both; float: left; height: 280px; margin-bottom: 20px; width: 634px;">
<div class="info-box how" style="background: none repeat scroll 0% 0% #3883ff; clear: both; color: #ffffff; float: left; padding: 20px; margin: 40px 0pt 0pt; width: 434px;">
<p>As with many startups, Grooveshark started by focusing on creating an awesome product and growing its userbase. Revenue is currently generated through advertising and the newly launched VIP Service.</p>
<p><!-- close #how --></div>
<p><!-- close #money --></div>
<div id="more-money" style="background: url(http://fuelyourventure.com/files/analytics-sample.jpg) no-repeat scroll 0% 0% transparent; clear: both; float: left; height: 1332px; width: 634px;">
<div class="info-box data" style="background: none repeat scroll 0% 0% #3883ff; clear: both; color: #ffffff; float: left; padding: 20px; margin: 150px 20px 0pt 180px; width: 434px;">
<h2 style="color: #ffffff;margin: 0 0 10px 0;">How They Will Make (lots of) Money</h2>
<p style="margin:0;">The mobile apps that are currently in development will add to the pie, but their &#8220;ace in the hole&#8221; is data. Grooveshark has been harvesting an enormous amount of anonymous data about music preferences that can help artists and advertisers stay one step ahead of their competition. They have approached their data product in the same way that they approached their music product: Gather a ton of content, display it through a beautiful user interface and make it instantly accessible to their users for free.</p>
</div>
<p class="info-box bands-brands" style="background: none repeat scroll 0% 0% #3883ff; clear: both; color: #ffffff; float: left; padding: 20px; margin: 210px 20px 0pt 180px; width: 434px;">The goal of offering this information is to aid on connecting Bands and Brands. The data adds a third layer to existing demographic data that will help advertisers find new markets and fine-tune efforts in existing markets. Artists are able to use the data to help promote their music and there is unlimited potential in how this will affect the industry.</p>
<p class="info-box imagine" style="background: none repeat scroll 0% 0% #3883ff; clear: both; color: #ffffff; float: left; padding: 20px; margin: 350px 20px 0pt 180px; width: 434px;">Imagine the value for Girl Talk in knowing the top cities in the world where their music is being played.<br />
Grooveshark will be the Google Analytics of the music industry.</p>
<p><!-- close more-money --></p>
</div>
<div id="feedback" style="clear: both; float: left; width: 634px;">
<h3 style="clear: both;color: #555555;float: left;line-height: 1.2em;margin: 20px 0 0 0; text-transform:  none;">Why stop at connecting Bands and Brands?</h3>
<p style="clear: both;float: left;margin: 10px 0 0 0;">The newly released and continually developing feedback system is dedicated to connecting bands and their fans. When a participating artist&#8217;s song is played, a notification pops up offering the fans to give direct feedback to the artists.</p>
<p><!-- close #feedback --></div>
<div id="in-your-pocket" style="clear: both; float: left; height: 400px; width: 634px;">
<h2 style="clear: both;float: left;line-height: 1.2em;margin: 30px 0 0 0;">Grooveshark in Your Pocket</h2>
<div class="content" style="clear: left; display: inline; float: left; margin: 0pt 20px 20px 0pt; width: 414px;">
<p style="clear: both;float: left;margin: 10px 0 0 0;">Once you solve the problem of making the music of the world instantly accessible from any computer with an internet connection, the next logical step is to make it accessible from any device with an internet connection.</p>
<p style="clear: both;float: left;margin: 10px 0 0 0;">Grooveshark is now available for the iPhone, Blackberry and Android phones. They apps are in beta stages and may be a bit buggy until they reach their release candidate, but for $3 a month you can try them out. For music lovers, this makes your favorite songs instantly accessible from anywhere you can get a signal.</p>
<p style="clear: both;float: left;margin: 10px 0 0 0;">Below are a few shots of the iPhone version, which is still pending approval from the Apple store. App Store approval would likely be worthy of adding to the collection of empty champagne bottles with event titles and dates in the Grooveshark office.</p>
<p><!-- close .content --></div>
<div style="background: url(http://www.fuelyourventure.com/files/iphone.jpg) repeat-y scroll 0% 0% transparent; clear: right; display: inline; float: left; height: 341px; width: 200px;"></div>
<p><!-- close #in-your-pocket --></div>
<div id="summary" style="clear: both; float: left; width: 634px;">
<h2 style="clear: both;float: left;margin: 30px 0 0 0;">Ambition + Dedication = Success</h2>
<p style="clear: both;float: left;margin: 10px 0 0 0;">Grooveshark is a very impressive service, making music freely accessible to the world. As good as the product is and may get, it will always be second to the amazing story behind it&#8217;s birth: &#8220;Two friends from college with differing skillsets and one common interest, create a company that could revolutionize a global industry.&#8221;</p>
<h3 style="clear: both;float: left;margin: 30px 0 0 0;text-transform:  none;">In Closing&#8230;</h3>
<p style="clear: both;float: left;margin: 10px 0 0 0;">We would like to give a special thank you to John Ashenden for the invitation to visit the Grooveshark office. John is the Creative Director for Grooveshark and he takes pride in making things shinier than they normally are.</p>
<p style="clear: both;float: left;margin: 10px 0 0 0;">For info about Grooveshark and the company behind it, check out <a href="http://www.escapemg.com">Escape Media Group</a>.</p>
<p style="clear: both;float: left;margin: 10px 0 0 0;">To <a href="http://grooveshark.com">play some music</a>, <a href="http://grooveshark.com/join">join Grooveshark</a> or to <a href="http://vip.grooveshark.com/signup">become a VIP member</a>, check out <a href="http://grooveshark.com">www.grooveshark.com</a>.</p>
<p><!-- #summary --></div>
<p><!-- close #grooveshark --></div>
<p>Post from: <a href="http://www.fuelyourventure.com">Fuel Your Venture</a></p>
]]></content:encoded>
			<wfw:commentRss>http://www.fuelyourventure.com/grooveshark-whats-feeding-the-frenzy/feed/</wfw:commentRss>
		<slash:comments>15</slash:comments>
		</item>
		<item>
		<title>Getting Funded: An Interview with Graphic.ly Co-Founder, Micah Baldwin</title>
		<link>http://www.fuelyourventure.com/getting-funded-an-interview-with-graphic-ly-founder-kevin-mann/</link>
		<comments>http://www.fuelyourventure.com/getting-funded-an-interview-with-graphic-ly-founder-kevin-mann/#comments</comments>
		<pubDate>Tue, 09 Feb 2010 06:01:48 +0000</pubDate>
		<dc:creator>Matthew Ellis</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Interviews]]></category>
		<category><![CDATA[Start-Up]]></category>
		<category><![CDATA[funding]]></category>
		<category><![CDATA[startups]]></category>

		<guid isPermaLink="false">http://www.fuelyourventure.com/?p=30</guid>
		<description><![CDATA[Graphic.ly was conceived by comic lover, Kevin Mann, after becoming frustrated with the lack of selection at his local comic shop. In August 2009, the company attended Techstars and won seed investment of $18,000 and brought Micah Baldwin on board as CEO and Co-Founder.
5 months later, they successfully raised $1.2 million in Series A funding [...]<p>Post from: <a href="http://www.fuelyourventure.com">Fuel Your Venture</a></p>
]]></description>
			<content:encoded><![CDATA[<p style="text-align: left;"><img class="alignleft" title="Micah Baldwin" src="../files/micahbaldwin.jpg" alt="Micah Baldwin" width="250" height="250" />Graphic.ly was conceived by comic lover, Kevin Mann, after becoming frustrated with the lack of selection at his local comic shop. In August 2009, the company attended Techstars and won seed investment of $18,000 and brought Micah Baldwin on board as CEO and Co-Founder.</p>
<p style="text-align: left;">5 months later, they successfully raised $1.2 million in Series A funding which was led by <span style="color: #ff0000;"><a id="uv2t" title="DFJ Mercury" href="http://www.dfjmercury.com/">DFJ Mercury</a></span> and included various individual investments from the likes of David Cohen and Chris Sacca. I was fortunate to have a chance to chat with Micah and he was kind enough to share some of the details that led to their success and how it could be replicated.</p>
<p style="text-align: left;"><strong><br />
Firstly, you managed to raise $18,000 of seed capital at Techstars, how important was that to Graphic.ly as a startup?</strong></p>
<blockquote style="text-align: left;"><p><span style="color: #ff0000;"><a id="ujf0" title="Techstars" href="http://www.techstars.org/">Techstars</a></span> was invaluable to <span style="color: #ff0000;"><a id="lz6r" title="Graphic.ly" href="http://www.graphic.ly/">Graphic.ly</a></span>. Kevin Mann, who had been working on this idea for a year or so, saw Techstars as his way to take the company to the next level. Kevin came to Boulder, CO from Middlesbrough, UK with his friend and lead developer. Then, and over the course of the summer, he met many new mentors, including myself.</p>
<p>Techstars enabled Kevin to accelerate his business in ways that he would not have been able to do on his own.</p></blockquote>
<p style="text-align: left;"><em> </em></p>
<p style="text-align: left;"><strong>Just 5 months later, you succeeded in getting investment from a round of Series A funding, how will the $1.2million help you as a business?<br />
</strong></p>
<blockquote style="text-align: left;"><p>For us, we were able to expand the team quickly, bringing in top talent on both sides of the ocean. In a little over a month, we launched a Windows Beta, were part of Steve Ballmer&#8217;s CES keynote, launched a Adobe AIR beta, and an iPhone app. We opened a private beta, and created some interesting partnerships. The funding was able to help accelerate that growth.</p></blockquote>
<p style="text-align: center;"><a href="http://www.fuelyourventure.com/files/graphicly_app_screenshot.jpg" target="_blank"><img class="size-full wp-image-64 aligncenter" title="appscreenshotthumb" src="http://www.fuelyourventure.com/files/appscreenshotthumb.jpg" alt="appscreenshotthumb" width="400" height="288" /></a></p>
<p style="text-align: left;"><strong>What are the plans for Graphic.ly in the near future &#8211; 1 year, 3 years?</strong><em> </em></p>
<blockquote style="text-align: left;"><p>Besides providing the best digital platform for comic book  publishers, creators and readers? We are focused on just that. What will  that mean in 1 year or 3 years? That we will spend a lot of time  learning from our community about what its requirements are. We have  already learned that the comics community is not a monolith of a certain  type of user. Comics are reflected in everyone, and so we are focused  on creating the best experience that everyone can enjoy.</p>
<p>That being said, my three year plan is to help creators and publishers understand the potential of the digital platform and truly maximize their efforts. The digital space allows for so many interesting applications of a creators work, I truly believe that creators who dive into digital and embrace the potential, will experience amazing success.</p></blockquote>
<div style="text-align: left;">
<p style="text-align: center;"><a href="http://www.fuelyourventure.com/files/www.graphic.ly-screen-capture-2010-2-9-12-16-2.png" target="_blank"><img class="size-full wp-image-67 aligncenter" title="Graphic.ly Site Screenshot Thumbnail" src="http://www.fuelyourventure.com/files/sitescreenshotthumb.jpg" alt="Graphic.ly Site Screenshot Thumbnail" width="400" height="288" /></a></p>
<p><strong>What&#8217;s the most effective way of making fairly-accurate financial projections to prospective investors at such an early stage?</strong><em> </em></p>
<blockquote><p>Accurate? Well, thats probably impossible. The truth is that any financial projections you provide are most likely suspect at best, complete misses at worst. Whats important is to show that you have thought about the process. What are your potential revenue streams? How are you going to prioritize them? How do you integrate your financial goals with your business and technological goals? Make sure you are looking at a three year period and make sure your numbers see a sharp increase at some point in year two.</p>
<p>But mostly, just understand all the potential ways you can make money, and think about how you are best going to attack them. Then create a chart. Maybe two. (I like a chart that outlines revenue projections and another one that outlines revenue sources).</p></blockquote>
<p style="text-align: center;"><a href="../files/takecomics2_5F00_38F9FBF8.jpg" target="_blank"><img class="aligncenter" title="Graphic.ly  iPhone App Screenshot Thumbail" src="../files/iphonescreenshotthumbail.jpg" alt="Graphic.ly iPhone App Screenshot Thumbail" width="400" height="288" /></a></p>
<p><strong>What other advice would you have to budding entrepreneurs about getting seed investment for their startup?</strong></p>
<blockquote><p>There is a certain allure to raising capital. A young entrepreneur needs to evaluate the needs of their business, especially where in the life cycle the business stands. The longer one can go without seeking institutional funding, the more of the company they will retain, and the more value the company will create.</p>
<p>That being said, there is always a point in the growth of a business where the application of financing is like the addition of kerosene to a small fire. If you time it right, you can use the funding to accelerate the business in ways that a self-funded company just can’t do.</p>
<p>The best advice I can give around getting funding is to research, research, research. Find the firms and partners that are interesting. Then ask, ask, ask. Find everyone you know who might know someone either at that firm or connected to the firm, and with a succinct, well thought out email, ask to be introduced.</p>
<p>Once you get the meeting, make sure to have a solid pitch deck. It should explain the problem you are attempting to solve, why you have the best solution, why you are the best to solve it, and how the investors can see a return on their investment. Use the deck to drive the conversation, but don’t rely on the deck to make the conversation.<em><br />
</em></p></blockquote>
<p>You can follow <a id="f.jp" title="Graphic.ly on Twitter" href="http://twitter.com/graphicly">Graphic.ly on Twitter</a> along with <a id="z5:k" title="Micah Baldwin" href="http://twitter.com/micah">Micah Baldwin</a> and <a id="dqrk" title="Kevin Mann" href="http://twitter.com/kevinmann">Kevin Mann</a>. Micah also recommended reading a post on his blog about his fundraising efforts, it&#8217;s in-depth, well worth the read and can be found <a id="o-sc" title="here" href="http://learntoduck.com/startups/your-job">here</a>. Thanks to Micah for his time and I wish Graphic.ly every success in the future.</p>
<address><em>Thanks to <a href="http://blog.reflect7.com/" target="_blank">Reflect7</a> &amp; <a href="http://windowsteamblog.com" target="_blank">The Windows Blog</a></em> <em>for images</em>.<br />
</address>
</div>
<p>Post from: <a href="http://www.fuelyourventure.com">Fuel Your Venture</a></p>
]]></content:encoded>
			<wfw:commentRss>http://www.fuelyourventure.com/getting-funded-an-interview-with-graphic-ly-founder-kevin-mann/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
	</channel>
</rss>
