Convertible Debt – A Winning Funding Formula

Everybody talks about VCs and Venture Capital as the holy grail of startup funding, and yes, multi-million dollar investment rounds make great headlines. But the reality is, Angel investors write 16 times more checks than VCs. And the preferred initial funding...

A Cure for That Blank Look

It was my first meeting with a seasoned angel investor—a lead member of the Bluegrass Angels in Kentucky. I had my implementation plan pasted to the wall so it was easy to review. I had a detailed budget prepared detailing the costs for each phase of our plan. I had a...

Staying Alive – Know Your Burn Rate

“What is your burn rate?” When angel investors ask this question, founders of investor-ready startups have the answer ready to go. Cash is the lifeblood of any business, and investors ask about the burn rate metric because they can use it to make a simple calculation...

Fund Your Startup with Friends and Family Money

We are super excited to announce that our next title,  Startup Crash Course: Friends and Family Funding, is now available on the Amazon Kindle store (here), and will soon be out for iBooks, Google Play, NookPress, and as a PDF. As you may know, many startup founders...

SEED Challenge Pitch Competition a Success!

Congratulations to the WNC SEED Challenge Pitch Competition Winners! Hi, Steve of 1×1 Media here. Stepping away from funding topics for this post, I wanted to share the results of a recent program that I had the pleasure of working with here in the Asheville...