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Our special feature on forecasting sheds light on how to choose the right model, offers advice from Jack Stack and more.
Get startedThe first question an entrepreneur usually has is: Where can I get start-up funds? The second might be: Who can help me with the process?
There are a few organizations that can help.. First Growth Venture Network, TechStars, YCombinator and Dreamit Ventures operate in the same manner: putting mentoring on the same level as the actual funding. All take young entrepreneurs and connect them with venture capitalists, angel investors, entrepreneurs and advisors.
For startups, there’s no cost to apply or participate in the program, and the sponsors don’t require startups to hand over an equity stake in the companies. “This is not so that startups will get funded by someone in the network,” said Ed Zimmerman, founder of First Growth and chair of the Tech Group at law firm Lowenstein Sandler. “It’s about building mentor relationships vertically and building a network of high-quality entrepreneurs horizontally.”
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PAUL ROSENFELD 2 years 6 months and 12 days ago
hmmm. I think for a young entrepreneur the questions should be reversed. Alot of these incubators seem to be becoming "start-up factories." They do this to make money, somehow - YCombinator takes stakes. They incubate numerous companies at once. If I were 20 or 25 again, I would search for friends of my parents and their friends, local successful businesspeople, and others purely interested in being a mentor. As a 42 year old executive and now CEO of my own start-up fanminder.com, I go out of way to help people just to help them. There's alot of people like that - just interested in helping the next generation. All the young entrepreneurs need to do is find them. I'm increasingly skeptical of the professional networks especially the ones headed by angel investors.