Other People’s Money (OPM) – The Hunt Begins
Jan 4 2008
If you are a regular reader of my blog you have no doubt caught on to the fact that I have begun the fundraising effort for Babble Soft. If you are new you might want to check out The Entrepreneurial 7 Year Itch to get some background.
I’m currently working on creating a
business plan comprehensive executive summary (who has time to write read a 30-50 page business plan?!?), the financial assumptions and projections (with assistance from an MBA student), creating screen mock-ups of our new applications (with Projekt202, a fabulous local design company), and setting up meetings with potential angel investors. This process is an ongoing, reiterative process that can sometimes make you want to pull your hair out. As soon as you type the last character on your plan, it is outdated because something has changed somewhere that you may or may not know about. Strange but true.
While doing all that, I also need to finish software testing of our new Baby Insights mobile application, learn more social media, make SEO changes, make sales, establish partnerships, and make progress toward meeting my 2008 New Year’s Goals! Hmmm something might have to give here…
Stay tuned for more about my journey to persuade people to part with their money in exchange for hopefully a lot more money at some time in the future…Author: Aruni | Filed under: angels, babble soft, entrepreneurship, fundraising | Tags: angel investors, babble soft, entrepreneurship, equity financing, fundraising, high tech startup, start up financing | 4 Comments »