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Aug31
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The bonus tip for getting money to chase you is to "Pay It Forward."
For sake of context, allow me to explain that one of my wife's favorite movies is Pay It Forward, a movie about a 7th grader who, for a school assignment, suggests that if he, himself, did nice things for three people and then asked each of them to do three things for other people, he could change the world with the ripple effect of all the good things being done. He tries it and it works. Of course, he is killed by the school bully in the end, but the pay it forward thing works.
I can't guaranty that paying it forward will help get money to chase you, but I do believe it is the right thing to do.
By actively being involved with your community, you can create a fan base, a group of people who want to see your enterprise succeed because of all of the good you have done (and would certainly do if you became a billionaire). We all need a fan base.
If my plan doesn't work for you, at least it will have worked for the folks you help.
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Aug30
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The tenth way to get money to chase you is to prove the dog will eat the dog food. This message is especially important to early stage businesses. Revenue is the best way to prove that customers will buy your...
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Aug29
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The ninth way to get money to chase you is to have good public relations. Good PR is no accident; it takes strategy, skill and constant attention.To put this in context, remember that what others say about you is ten...
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Aug28
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The MountainWest Capital Network today released its second quarter dealflow report today. The report, as is customary, expands on the data released in the PricewaterhouseCoopers MoneyTree report.Most importantly, the report includes data on mergers and acquisitions and suggests a healthy...
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Aug27
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For those of you with time to kill (please let me know who you are, I have work for you to do!) I thought I would post a collection of my video interviews and such for you to watch. Enjoy!There...
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Aug24
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The eighth way to get money to chase you is to execute. The key is to focus more on running the business than funding the business. One of the things we see over and over again in the investment banking...
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Aug23
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OK, the bad news first: Madelyn Roberts, our crackerjack Office Manager pictured below, is leaving our firm. I know, you're stunned. I was as surprised as you are. Madelyn attributes her departure to personal reasons--I haven't pried them out of her. [Note...
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Aug22
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The seventh way to get money to chase you should probably go without saying (in fact, when I gave this presentation for the first time, I didn't say it). Nonetheless, I think it merits a mention: every company in the...
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Aug21
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The sixth way to get money to chase you is to have a clear elevator pitch. Once, a client came to me with an elevator pitch that started something like this: [Our Company] will maximize shareholder value for small to...
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Aug17
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The fifth way to get money to chase you is to under-promise and over-deliver. Of course, I didn't invent this concept (nor do I know who did), I'm just saying it is an important part of positioning yourself to attract...
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Hi. My name is Devin and I'm an entrepreneur.I have been all of my life. Tonight, I sat at dinner with my ultra-supportive spouse and reminisced a bit. My first entrepreneurial venture was as a five year old. In the...
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Aug16
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The fourth way to get money to chase you applies primarily to CEOs: know the numbers--cold. All entrepreneurs and CEOs need to know the key metrics that drive their businesses--the good ones all do. The following are some of the...
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Aug15
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The third way to get money to chase you is to find mentors. The best mentors are those who have done exactly what you want to do. Entrepreneurs often think about having a mentor, but I recommend seeking two or...
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On Thursday of this week, August 17, 2006, the MountainWest Capital Network, Utah Valley Entrepreneurial Forum and Utah Technology Council will host a joint luncheon at Thanksgiving Point. Click on the links above to learn more about how to register...
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Aug14
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The second way to get money to chase you is to network on-line. This is not redundant with the first way to get money to chase you, which was to network, network, network.Networking on-line is totally different and just as...
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Aug10
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Yesterday I had the privilege of interviewing Steve Grizzell, Managing Director of UTFC Financing Solutions, and Joe Strain, Manager, PricewaterhouseCoopers. Steve also serves as the Co-chair of the MountainWest Capital Network Deal Flow Committee, which is charged with tracking all...
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Aug 9
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Yesterday, I had the chance to interview Jared Allgood, the CEO and founder of both Update Now and Class Top.Update Now is a web design firm that firms, including ours, use to design and update their web sites.ClassTop is content...
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Aug 8
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The first way to get money to chase you to fund your venture, regardless of the stage of development, is to network, network and network.Proper networking is a rather organized and certainly long term practice. Networking is not a matter...
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Aug 7
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On Thursday of this week, I will be making a presentation to a group of startup company CEOs for the Utah Technology Council. I've titled my presentation, "10 Ways to get Money to Chase You!" Drawn from my experience in...
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Aug 3
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I enjoy mentoring young entrepreneurs. Most of my mentoring is organized around Junto Partners, Greg Warnock's entrepreneurship project. The young entrepreneurs in the Junto organization are some of the brightest, most ambitious and capable young people I know. It is...
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Aug 2
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Brad Feld recommends reading Startup Review--I couldn't agree more.
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Aug 1
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I met this afternoon with the CEO of a startup that is still operating under the radar, so out of respect, I won't identify him.It was an interesting meeting to me. When I suggested a number for the 6/30 cash...
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