Uprise

About startups, funding, rising tech scenes, diversity and tech.

Getting VC funding without a huge network or diploma from Stanford

The other day I met a very charismatic, intelligent, and driven young man at a venture capital summit in Silicon Valley. He had a compelling vision for an app that both solved a pressing social problem and had great commercial promise. He floated around the room striking up conversations with one person after another, and out of the hundreds of people that were there, he out-hustled all of them, by a long-shot. I had a chance to catch up with him briefly at the end of the summit asking him how meeting investors was going. He looked up at me, exhausted and simply replied, “It’s been better.”

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$20K to Accelerate Your Tech Startup this Summer

Beta Boom works with very early stage tech and life sciences enterprises to develop their solution, get traction, and solidify their business in order to win significant follow-on funding. Program highlights include:

  • Intensive 10-week program (June 11 through August 18) near beautiful Salt Lake City in Utah
  • $20K in funding
  • Personalized program to fit your specific needs and challenges
  • Access to local and global mentors
  • Demo day where participants will pitch to venture capital and angel investors from Utah, the Silicon Valley, and beyond

Founders can apply at http://betaboom.com/apply/. Application deadline: May 6, 2018. Teams that apply by April 1st will get a 10-point scoring bonus.

Have questions or not ready to apply? Join our Slack group via https://launchpass.com/betaboom or follow us on Twitter @gobetaboom.


Should you look for a co-founder or raise capital?

I recently read a question on Reddit by an individual who was having difficulty finding a co-founder and asked whether she should first try to get funding, which would allow her to hire the team member that she needs. If you’re in a similar situation, my answer might offer a helpful perspective:

Investors look for the four ‘Ts’: total addressable market, tech, timing, and team. (I’d add a fourth T, which is traction.) Of those factors, my experience is that investors pay the closest attention to the team. Not having a single co-founder would put you at a tremendous disadvantage in that category.

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