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World Innovations Forum Kickoff

First global innovation gathering

In June 2018, for the first time, entrepreneurs, investors, enabler and government officers from around the world meet at the World Innovations Forum. The forum helps to get a better picture about the status quo of global innovation and entrepreneurship. This conference of the visionaries will show how far even emerging countries are and what we can do to help bring innovation  better to market.

Innovation of no value

Around the globe, billions are invested in innovation. However as long as no support is given to bring those innovations to market, the large majority of great ideas evaporate. The World Innovations Forum will address that and help make a change. More innovation need to find their markets and contribute to global prosperity.

Technology at Risk

Artificial Intelligence, Crypto Currency, Robotics, Autonomous Vehicles, Technical Implants, DNA Manipulation and more are considered risky technologies and at the same time great advances of the human mind. We don’t want to have neigh sayer pound on the technology and obsessed engineers defend it. Instead we will discuss many of those topics with those who have a common sense and explore the future evolution of those technologies.

Getting startups into global markets

It’s always too late and always too early when young entrepreneurs grow international. Today’s networked world, digital and online practices and new technologies open up all new opportunities. How can a startup from Nigeria go global 2 years after founding and be in 20 countries a year later? Yes it’s crazy, not health, too fast, irresponsible and way too risky. And yes, it’s the core spirit of entrepreneurship. With the Society3 leadership team having brought 4 companies international within their first four years and today’s technology we will help startups go broad faster than ever before imaginable. Of course with all the risks and challenges and with all the opportunities.

A global entrepreneurial mindset

After all, it is the unbelievable spirit in Silicon Valley that is responsible for driving all the other advantages of the area. Silicon Valley is known to be the epicenter of innovation, the best place to get funded and the most compelling place to work. But if you do a deep dive analysis you find an interesting chain: The amazing mindset of all the like minded people makes working more like fun – not work. With that it makes it easy to learn from each other, probably 10 times faster than anywhere else. If you combine the work energy and the super fast learning, top notch companies are only the result. That attracts investors who in turn learned to nurture that spirit and develop it even further. NOW – since we cannot send millions of startups to San Francisco / Silicon Valley, we need to get creative if we want to increase the success rate of all entrepreneurs.

Creating that spirit in other places has been proven to be possible. Now we want to create it across the world. This is one of the key projects we are kicking off at the World Innovations Forum in June this year.

TICKETS

Unfortunately we have only a very limited number of tickets for this year, about 10 for each of the 25 countries, so please register early to make sure you can join.

Ticket sales is now open.

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San Francisco Accelerator now online for entrepreneurs from around the world

With 50% external funding rate since its start in 2014, the S3 San Francisco Accelerator is one of the most successful accelerator programs out there. In 2015 Society3 was named top 100 most influential accelerator. Now we will make it available for all entrepreneur in the world – no matter where they live.

AN ONLINE VERSION OF THE SILICON VALLEY MINDSET

It is impossible to get millions of startups to San Francisco / Silicon Valley and have them participate in the unique spirit of open minded people, breaking all barriers to find solutions and collaborate day in and day out to create world class solutions. But what we can do is to create that same spirit and the same connectedness online so everybody can benefit. A mindset is not something that works physically and therefore is independent of the online or offline world.

EIGHT WEEK PROGRAM

The program is restructured for attendees to completely participate online. All workshop sessions will be done during the 8 week program wherever the entrepreneurs live. The typical program requires entrepreneurs to participate in the weekly online sessions on Wednesday where knowledge transfer, reviews and discussions take place. During the week, local or remote mentors maybe available. The anchor elements of the program include:
* Vision & Purpose of your business (1 week)
* Leadership, Talents & Culture (1 week)
* Disruptive business model development (2 weeks)
* Go-to-market strategy (1 week)
* Traction & Growth Hacking (2 weeks)
* Fundraising, from Seed to IPO (1 week)

The first online accelerator program (Flight 7) starts April 11.
Graduation and Demo Day is during the World Innovations Forum in Switzerland in June 2018

APPLICATION PROCESS

If you are interested in joining:
1) Make yourself more familiar with the PROGRAM DETAILS
2) Apply here: PROGRAM APPLICATION

 

 

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WIForum on Asia Roadshow

The two founders of the World innovations Forum, Axel and Marita will be visiting ambassadors in 8 countries in Asia, co-organize local “Entrepreneurs Night Events” and explore key challenges and opportunities to increase success rates of entrepreneurs and corporate intrapreneurs.

There is an enormous engagement to increase the level of innovation all over the world. However most societies work isolated from the other and still live in the old paradigm of keeping everything close to their chest, distrusting others and maintain a rather closed mindset. Our mission is to change that.

It takes a special mindset to bring innovation successfully to global markets.

An economy is only as good as their ability to innovate and progress. What was the US in the last century, the UK before that is China today. And while China is the economic leader in Asia right now, other Asian countries like South Korea, Malaysia, or Japan are high on their heels. Yet, bringing innovation to global markets requires a paradigm shift in mindset. Our mission is not to create even more innovations – but bringing the good ones successfully to global markets. Only then, businesses grow, create jobs, and spark new businesses again.

We are visiting Thailand, Nepal, Vietnam, Malaysia, Singapore, Hong Kong, Mainland China, South Korea and Japan.

Entrepreneurs Nights

Tue Mar 6 Kathmandu, Nepal
Thu Mar 8 Hanoi, Vietnam
Tue Mar 13 Kuala Lumpur, Malaysia
Thu Mar 15 Singapore, Singapore
Tue Mar 20 Hong Kong
Thu Mar 22 Shenzhen, China
Tue Mar 27 Seoul, South Korea
Thu Mar 29 Tokyo, Japan

In each city we will have time to meet with ambassadors, investors, entrepreneurs, sponsors and governments.

We are extremely excited about this tour, meeting many amazing people and sharing our vision of a globally connected innovation meta space that helps entrepreneurs from all corners of the earth to work with each other as if they would sit in the same co-working space.

 

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Global Online Meeting April 5

SOCIETY3’S FIRST GLOBAL ONLINE MEETING

After creating one of the most successful accelerator programs and working with entrepreneurs for the past 4 years, we decided to take our vision global. Today we are represented in 25 countries. And since we cannot bring millions of entrepreneurs to Silicon Valley – we need to do something radical different. We, the founders of Society3, are used to disrupt and make a difference. Today we begin to make a difference in how entrepreneurs in all countries get supported, treated more equally and have a chance to become a big company as if they would have started in Silicon Valley.

We need to rethink our abilities to permanently collaborate on a global scale. Creating a simple copy of Silicon valley is not going to work and definitely not the very spirit of Silicon Valley. Disrupting the main disrupter is. The digital world already holds all the necessary assets. We don’t won’t to ‘improve’ Silicon Valley but stand on it’s shoulders taking the amazing culture that was created there to an all new level.


REGISTER CON CALL EAST
Best for attendees from Europe and Asia


REGISTER CON CALL WEST
Best for attendees from Europe, Africa and Americas

AGENDA

* THE NEW EXCHANGE
Creating a global exchange for innovative minds.
How can entrepreneurs, investors and enabler benefit.
What’s our experience after 20 years Silicon valley.
How can every entrepreneur around the world leverage
global connections.

* GLOBAL ACCELERATOR
Running the first global online accelerator so every
entrepreneur can join, no matter where they are.
Main topics are: Bold visions, disruptive business models,
zero budget go-to-market strategy, traction and growth
hacking, fundraising,

* INTERNATIONAL TRADE FOR EVERY STARTUP
Building the first global trading & transaction system for
young entrepreneurs using blockchain technology.
Getting business rolling into almost any country faster then
ever before imaginable – at nearly no cost.

There is no substitute for a great in person meeting, like there is no substitute for an amazing live concert. Yet we hear MP3 music every day. This online conference is about online engagements, creating a mindset for online collaboration and an experiment to create a permanently connect online ecosystem – very much like Silicon Valley.

HOW TO CREATE A SILICON VALLEY CULTURE?

Every group of autonomous people can create a culture. We are on the verge of creating an all new entrepreneurs culture and significantly increase startup success rates no matter where they are located.
We do not want to change anybody or their culture. But we want to connect those, globally, who already have a good idea about an open and sharing ecosystem where we all can learn from each other and build businesses who can grow fast, create new jobs and provide value.

On April 5 we want to talk about how we can do that and how the culture in Silicon Valley was created.
All you need is an internet connection and a way to listen and ideally talk online.

Please register here:


REGISTER CON CALL EAST
Best for attendees from Europe and Asia


REGISTER CON CALL WEST
Best for attendees from Europe, Africa and Americas

There is no charge to attend

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Society3 & World Innovations Forum Merging

1) Society3 & World Innovations Forum Merging
Leveraging existing ecosystem and technology platform

The World Innovations Forum is merging with Society3 and brings a global innovation and entrepreneurship event to Society3’s engagement in this space. The existing Society3 Eco-System of approximately 6,000 entrepreneurs and investors will become the immediate base also for the Forum. The existing Society3 Platform will be extended to accommodate the needs of the combined organization. The Society3 Accelerator will be made available globally to all ambassadors and their ecosystems and introduced in all 25 countries and the new countries to come.

2) Eco-System building start in Asia
Visiting 7 key Asian countries in March this year

As part of our community building focus, we will be visiting our key Ambassadors in China, Japan, Malaysia, Nepal, Singapore, South Korea and Taiwan. Together with them we will organize a local event, meet local startups, investors and enabler, as well as potential sponsors.

3) Blockchain & Crypto Currency
Creating a blockchain system to empower startups conduct international business at lowest possible cost

Blockchain and crypto currencies are here to stay. I didn’t quite see that when I was confronted with Bitcoin in 2009 for the first time, but now, almost 10 years later it is very clear to me that it will have a major impact and its place in our world. We already had some ideas to use a blockchain inside Society3 to accelerate international trade for startups. When starting to go global it is not only the challenge to develop connections, establish a presence and start with local engagement but almost more so it is hard to overcome the issues of trust, transaction cost at small volume, letter of credits, trade financing and more. A Blockchain is not only a fun tool but may be the only way to significantly reduce cost and accelerate trade for startups like it was never possible before. And on top of all that we start to alleviating one of the biggest roadblocks for crypto currency acceptance: lack of trading physical values rather than just speculation. Imagine when 5,000 startups become merchants. This would be 50 times as many merchants than we have today in the Bitcoin eco-system.

4) World Innovations Forum
The annual event about global innovation & entrepreneurship acceleration

Ambassadors had spoken and we decided to organize the World Innovations Forum in 2018. We are adjusting the event content and give entrepreneurs access to technology circles like best practices to start or grow AI, Blockchain, mobile or other technology related businesses or on the business side techniques to come to a disruptive business model, get financing, building up valuations and so forth. Investors will be able to join investor circle meetings discussing topics like due diligence practices, investment strategies, exit models and others for investors, Accelerator content, community building, mentorship requirements and similar content for the enabler community, and so forth.

We will verify the new event concept with startups, investor groups and ambassadors and finalize our event strategy in the next few weeks. There is a good chance that we will hold the event in the EWL Selnau (former power plant) in Zürich. It would help drive down the overall cost and is more convenient for the attendees who mostly will fly into Zürich. We estimate 200 people from roughly 20 countries to join us. See also WIForum.com

5) Local Society3 Entrepreneurs Nights
The local startup competitions of the World Innovations Forum as well as the Startup Nights from Society 3 will continue as Society3 Entrepreneurs Nights. With the experience of over 100 events in Europe and the US, all WIForum Ambassadors will benefit from merging the brands and have it easier to conduct their local events.

The joint organization results in one of the most active global innovation support organizations.

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Starting a startup in 5 steps

When you start your business, you don’t need anything other than your brain and working through the following 5 steps. If there is anything unclear to you, use Google. Finding your own way is part of this exercise. You will do that for the next 10+ years – finding your own way. If you are not 100% if entrepreneurship is even the right thing for you, check out the 10 most relevant founders traits – and also here find your own way to get there or chose something else.

1) IDEA STAGE
You have an idea and you are excited about it. Often times young entrepreneurs would like to get a validation from some experienced entrepreneurs or investors. Validating your idea is a great first move. But instead of talking to other entrepreneurs or investors – talk to potential customers. Do that before you even invest time and resources in building prototypes. However, if you feel better to make sure your idea works, it is OK to invest in a prototype.CHECK LIST
1) Did you speak to at least 10 potential customers to verify that your idea is solving a real problem and providing a much-needed solution.
2) Use a presentation or document to share your idea

 

2) ASSEMBLE YOUR TEAM, FIND CO-FOUNDERS
Before you do anything other than writing down your idea, attract at least another co-founder. Our world is too complex to do everything alone. And more importantly, our world is moving too fast for a single human to start a successful business and grow it fast enough before others enter their space. None of the top investors will ever invest in a solopreneur, no matter how cool the idea is.If you are a business person, find the technical co-founder. If you are an engineer find a business co-founder. If you can’t attract another entrepreneur, consider your idea is either not good enough or your skills and personality is not well enough developed to attract others which will always be necessary as you need to attract talents, customers, business partners, investors and more. Only two engineers or two business people is no better than a solopreneur – it’s all about the diverse skill set on the business leader bench. Be committed to give your co-founders at least 20% of your company and stay away from being the dominating “main” owner.CHECK LIST
1) Do you already have a diverse founders team with business as well as subject matter expertise?
2) Did you make well documented arrangement between founders regarding the equity ownership distribution.

 

3) DEVELOP YOUR SOLUTION CONCEPT
You and your co-founder will now want to develop the whole concept of your company – together. This includes defining the problem you are solving or the need you are fulfilling. It determines who your target audience will be and what you are bringing to your market. Describe what’s unique about you and your solution and make some intense research who else is offering similar solutions. Research other potential companies in the US, all over Europe and Asia. Define what the SINGLE most important function of your business is. If you have a list of important features – select one. If that one is too weak, strengthen that feature instead of growing a list. If the unique aspect of your solution is that you offer a complete suite of features while other businesses deliver only parts of it, re-think your idea as there is almost always some missing aspect of your concept.
CHECK LIST
1) Do you have a written down business concept – not necessarily a fully blown business plan?
2) Have you selected your unique single most important functionality that you want to be known for one day?

 

4) MARKET VALIDATION
Now put together a short presentation deck with no more than 10 slides. Create a list of 50 individual people who are potential customers (people not companies). Then try to make an appointment to present your idea. When you meet them – we highly suggest to NOT argue with them – just listen super carefully. Make notes what they don’t like, did not understand, did not need, and what they liked. IMPORTANT: Ask what of their current problems you would solve. Ask if they would buy your solution and what they’d be willing to pay. Make sure you end up speaking with at least 23 relevant people who are interested in your solution. If you don’t have the 23, ask more people. Document each and every interview. You may notice that you do not need a product to do any of the above.CHECK LIST
1) Did you speak to at least 23 people who have been willing to explore your solution for their business or individual use and it at least ort of solves a problem they have?
2) Is the feedback motivating enough to begin investing serious time and resources to build a first prototype? If not go back to step 3.

 

5) BUSINESS MODEL
With all the feedback you received, you may now develop a concept how you will produce, market, sell, deliver and service the product. All overall: How are you going to make money and compete with others. Then ask yourself if there is any way to make the engagement between you and your customer especially attractive – more attractive than your competitors. Determine the cost of building your solution and the price you like to sell it for. Consider a margin for distribution channels if you are addressing a large market (B2B or B2C).CHECK LIST
1) Do you have a written down business model that includes a possible pricing, a concept how to bring it to market and how you service customers?
2) Do you have an idea how you will compete against similar solutions or educate customers about your solution that has no competition?

At this stage it makes sense to look for a successful entrepreneur as a mentor, an office in a co-working space and others to connect with. Too early to discuss with investors. Forget seeking for an investor to build the business. Find some capital and seek for investors when you are ready to grow the business from a few early customers to a real company.

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Best founders are co-founders

The single best resource you as a founder can – and really really should – look for, is a co-founder.

1) Solopreneurs have the least success rates of all founders
2) A stellar business focused generalist will always be at best a mediocre product creator
3) The most talented developer is probably the least likely CEO

It takes teamwork to make a dream work ;)
The best founders are co-founders

Here is the rational behind a founders team versus a solopreneur:

  1. TIMING
    While the engineer creates the product the business person prepares the market.
    If you do both at the same time it takes twice as much
  2. SOCIAL SKILLS
    One reason for solopreneurs to stay alone is that they cannot attract a co-founders. If one cannot attract partners in the company, they mot likely can’t attract business partners, customers, top employees…. definitely is not attracting investors.
  3. SHARING ATTITUDE
    Another reason to stay alone is that people don’t want to share the success with others. Also this is an attitude that is scary for investors and questionable in itself. It maybe better to stay alone but also without investors.
  4. 1+1 MIND = MORE THAN 2 MINDS
    Having two powerful and complementary entrepreneurs work together is more than double the brainpower. The evolution of joint thoughts brings an unprecedented wealth of optimization and improvements.
  5. HIRED MANAGERS
    Hiring a co-founder equivalents is absolutely not an option. In case things go wrong, the employee may quite start his or her own business and create a powerful founders team. The original founder would have no chance.

All that said, solopreneurs have the hardest time to get funding. In the past 50 years no solopreneur made it all the way to the top. Our globally interconnected business world has grown too complex for a single person to successfully conquer it. And even if one person would be able to do that, a competitor with three top notch founders will always outperform a single founder.

 

 

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Are you a passionate founder?

Forget it, passion is for pussycats. You need to be obsessed.

 

You heard all that many times. But what does it actually mean? What constitutes such a great founders team?

  1. Team means team. A founders team is not one founder with a few people joining him or her somehow but multiple founders with more or less equal equity share in the startup. Together thay sculptured and shaped the concept of the business. It takes teamwork to make a dream work.
  2. The best founders are obsessed, not just passionate about what they do. They make any humanly possible effort to make their idea come true. If they have to move to a different country, they will. If they have to sell everything they posses they will. If they have to live in a shed and have just barely enough to survive they will.

    Passion is for pussycats – great founders are obsessed

  3. Great founders are truly intelligent. Meaning they have the skill to solve a problem by simply thinking through most of its permutations even though neither they nor anybody else ever ever found a solution for a similar problem.
  4. Having assembled a team of very diverse skills and behavior. Having a generalist working with two specialists (CEO, CTO, CMO). A doer, a a visionary and an detailed subject matter expert are best.
  5. Bold thinking. Not just a hypothetical billion users or billion dollars but an intelligently constructed ways and a reasoning why and how to get there. Having a reasonable idea about the technology development, the societal trends and industrial movements over the next 10 years, The ability to draw the future like a picture.
  6. NO respect for anything. Breaking all rules except the law. They do what they think it takes to achieve their goal no matter what anybody in the world tells them to do.
  7. Complete independence of capital.  Great founders make things happen with nothing. To the contrary those who need somebody else’ money to start are definitely not great founders. The only money they need is to grow their company faster than organic growth.
  8. Top founders are people who can easily attract others: Attract co-founders, attract customers, attract talents, attract investors…
  9. At least one of the founders in the team is a marvelous communicator. Has the ability to get the message out in a simple way and crafts those messages, so that others can share it as well. Founders are not living in offices and labs but in the market.
  10. High sense of urgency. Great founders do things significantly faster that their competitors. They have no time for anything but run. From idea to prototype, less than 6 month. from prototype to production less than 6 month. From being in the market to first major market share wins, less than six month, from first market share wins to first international business less than 6 month…

 

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The initial value of an idea is zero

Brain-Synapse-Wallpaper-1024x768
You have a new business idea. You are so excited that it quickly becomes your best kept secret. You get almost paranoid about somebody stealing this great concept that apparently nobody else figured out yet. Now – one day you have to share the secret, when you hire somebody helping you to build the product or when you ask somebody what they think or when you want the first customers to try it out.
Most of those ideas will never see the day of light – the fear that somebody steals it is greater than the ambition to make it happen. OR – you may not even want to realize it yourself but have somebody else do the work and you want to sell it. You will find out that here is no customer for it. And here is the first clue: The average human generates about 10,000+ up to 30,000 ideas during their livecycle. Times 7.5 Billion people, that is 140 Trillion ideas!!! We are drowning in ideas. Hence – the initial value of your  idea is exactly ZERO. To make a long story short: all its value is created when an idea is turned into reality. And that is the ENTIRE value not most of it or half of it.
 

The initial value of an idea is zero

No-one can actually ‘steal’ an idea. All people can do is to make it much better right from the get go. If it is an outstanding and truly new invention, file a patent if that makes you feel better. But consider yourself warned. More often than not are patents the reason for failure. Customers want choice and not yet another technology dictator. The want options and not a monopoly. If Tim Berners-Lee would have received a patent for his HTTP and HTML protocol we simply would either not have an Internet as we know it, or none at all. Because the days where somebody pays royalty fees are pretty much gone.

The entire value of an idea is created through execution. Meaning only when you turn it into reality, work with smart and engaging people, as well as working with your potential customers you will win. And if somebody executes better than you, they will win – no matter what – even with a patent as they will try everything to find an alternative. And they will find one, which makes them even stronger.

 

Stop worrying start doing

Cowards will never bring an idea to live because they are more fearful their idea will be stolen than the fear to fail. If you feel you are too weak to execute – go back to square one and rationalize that it is all about execution, and look for a partner who can execute while you craft the concept for your idea. If you have nobody you can trust, work on your network. If you have no network, build it.
Every outstanding idea is usually created multiple times at the same time. Did you ever wonder why most break through concepts happen around the same time on different places? Some maybe a blunt copy, but most just happen because the time is right, the base to build a new step in the evolution of something is perfectly prepared and a need from a market is pushing it to reality. It doesn’t matter whether it was copied or the same idea was created multiple times by chance – getting it done is the real value – not having a brain fart ;)

 

Why Espionage?

You may think, why is espionage such a big deal on a global scale? Keep thinking: This is the worst way to get to leadership. It is well known that many of the largest enterprises and governments try to find out what their competitors do – so they can do it too and hope to be better. That particular behavior obviously results in “follower-ship”. And follower-ship is by definition not leadership. Every leader welcomes followers – why? Because only with followers they can become a leader. As a result companies or governments with huge engagement on espionage are doomed to fail in the long run – and history can prove it over and over again.
 

Putting it all together

Share your idea with great people who can help you make it happen. Involve potential customers before you even build a prototype. Then build what you the market needs and is willing to eventually pay for. As soon as you can show your first results, be as bold as you can get and invite others to follow your ideas – in order to become the market leader and thought leader. While the followers copy your idea, you already have a new version, an improved process and they will follow again. Yes, you are doomed to never stop innovating – but at one point it is the market that will co-innovate with you if you keep the market on your side. Examples of long term innovators include Mercedes Benz, IBM, Lindt Chocolate, Kellogg’s, Steinway & Sons, … All had one thing in common: They had a great idea, they built their first products quickly, brought it to market, competitors tried to copy them right away, they ignored everybody but their customers, and continued to built on what they had – all remained to be leaders in their field over generations.

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10 different ways to get money for startups

Try to MAKE money before you TAKE money

I was recently asked what ways I’d know how to get money to start a company before you really raise money. Except donations, I successfully tried all of them myself. There is a huge value in getting money from other sources than institutional investors in the first place. One of the biggest advantages is being independent and knowing there are many ways to make money before you take money.

1) Friends and family

always the most important starting point. If you don’t have any, it indicates that nobody is trusting you – not a good start. [Trust Money]

2) Early Customers

Your first customers may actually be a great way to make money as they may even pay for the development if the product gives them the needed extra value. [Smart Money]

3) Crowd Funding

Even more early customers with an additional boost of marketing and new early adopters. [Smart Money]

4) Additional Consulting Services

Providing consulting services in the space your startup provides products to augment your financial side. [Smart Money]

5) Training & Education

Paid education programs (Training and general education) you may offer to help clients better understand the space you are in. [Smart Money]

6) Events

Events with sponsorships – finding sponsors to help you boost events that may end up be profitable for you and help promote your idea. [Smart Money]

7) Advertising Revenue

You may allow others to advertise on your product, your training, your events, in order to get some additional funding. [Just Money]

8) Donations

You may add a “Donate” button to your product or outreach program and get some donations to finance your business. [Friendly Money]

9) Grants

You may look for available grants from your government or universities. They are very difficult to get and mostly takes for ever but certainly a very viable opportunity. [Just Money]

1) Business Angels

While typically the first option startup entrepreneurs think of, yet it should be your last resort. It feels like easy money quickly – but after several startups you will learn it should be your last choice after you considered all the above. [Just Money] [Smart Money only in rare cases]
* note: Smart money means you get a serious extra value – not just hope getting an extra value. Customer money is always smart as you learn from their use, you learn about your sales and marketing process, you learn about improvements and you build the base for institutional investors (VCs)  who will want to know what the market is like. Same goes with events, training and consulting, despite the fact that you won’t continue with it long term you learn a ton from your market.
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