Securing Second- and Third-Round Venture Capital FinancingWritten by Jim D. Ray
Widget sales are booming -– competition is scrambling, demand is up, and books are finally treading water. Your core management team has big ideas for future of Widget Inc. Opportunity is abundant; but how will you fund that next big leap? As your start-up matures, obtaining second- or even third-round funding may allow your business to expand and grow into new opportunities identified after your business was established. If your product or service has proven itself in marketplace, you may be a candidate for an additional round of funding. Some possible uses of post start-up funding include: * Penetration of new markets, either by industry or geographic location * Development of new products or services that compliment your key lines of business * Acquisition of competitors, staff and/or facility expansion, or new equipment Damage Control If your company is struggling to make ends meet, post start-up financing is not an effective way to address red ink. Consider other methods of debt management such as refinancing, streamlining systems of production, and bootstrapping before looking for additional funding. Investors will not be interested in extending additional funds to companies that have not yet established themselves firmly in marketplace. Identifying Post Start-Up Funding Sources The best source for post start-up funding may be your original investment partner. However, sometimes asking your investor-partner for additional funds can be a lot like asking your parents for a raise in your allowance. You’re going to have to really prove a need for it, and even then, your original funding source may have woke up on wrong side of financial plan. Should this prove to be case, there are additional sources to consider, including:
| | Web Conferences Versus Video Conferences...Written by John Simpson
Web conferences allow users to attend 'virtual' meetings from all over world. All that's usually required is an Internet connection and software if a particular client is being used. Video conferencing will allow two-way audio and video so that participants can see and talk to people in real time. In many ways, it's reflective of technology glimpsed in future of videophones, but on a larger scale. The effectiveness of videoconferences lies in ability of participants to observe and react to body language, facial expressions and intonations of voice. While web conferences are still limited somewhat in this feature. Conversation is possible in both mediums, though it takes some experience with web conferencing to make it personal. Though it is true that web conferences are about dissemination of information and not socialization of individuals for business purposes. There is an international standard for videoconferences and this allows diverse software to communicate easily. There is usually one standard location for a video conferencing server that takes in all information and then distributes it to other conference locations. This can be expensive depending on number of connections. Also, hardware that this requires includes video cameras (or a web cam), microphone, and speakers in addition to P.C. hard line connections and hub server. Web conferences are limited by only requirement that an Internet connection be available.
|