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Can you finance your company with grants?

Berkonomics

I am chairman of a company that, as I write this, is twelve years old and has not yet taken a dollar of outside investment. The company has been funded entirely by grants from the National Institute of Health, amounting to millions of non-dilutive dollars in all. Grant writing takes skill and immense amounts of time.

Company 166
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Financing with grants, not equity or debt

Berkonomics

I was chairman of a company that, for twelve years never took a dollar of outside investment. The company was funded entirely by grants from the National Institute of Health, amounting to millions of non-dilutive dollars in all. The effort to write a grant request is not trivial. No dilution to shareholders or the founders.

Equity 156
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7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Capture your “secret sauce.” Start with a service you know and love.

Startup 111
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Fixing Tech’s Gender Problem Starts With Company Culture

InfoChachkie

On a micro level, you can do your part to fix tech's gender problem by recruiting people with diverse backgrounds and place them in a company culture that rewards those who challenge the status quo. Most men in the 1940's and 50's did not know how to use a keyboard and thus could not write code.

Company 100
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Reduce five risks: Increase your valuation

Berkonomics

In the creation of a young company, there are five principal risks to be addressed by the entrepreneur. This risk can be mitigated by finding a customer willing to purchase as soon as a proven model is completed, and willing to state this in writing. Why five risks? Fourth: Financial risk. . And fifth: Competitive risk. .

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10 Key Business Founder Checks Needed Before The Plan

Startup Professionals Musings

Most business advisors I know will say that writing a business plan is the first step to starting your own business, but I believe that a better first step is to do a self-analysis of your real drivers, strengths, and assumptions before committing to this lifestyle. You can’t really succeed in life if you are not happy.

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6 Due Diligence Concerns Before Outside Contracting

Startup Professionals Musings

Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe. Despite some recent advances, there are still some cultures which have less regard for patents and other intellectual property. Keep intellectual property keys in-house.