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Monday, October 20, 2014
Are You Fundable? - First Public Presentation Gets Rave Reviews
by Danielle Brody
Is your business fundable? Three panelists with diverse experience with startups and investing gave advice to help entrepreneurs answer this question at the Entrepreneur Small & Business Forum event on October 17. The panelists included Alan Brody, of events company Startupalooza, Alessandro Piol of AlphaPrimeInvestors and Tom Wisniewski of RosePaul Ventures.
First Alan Brody talked about the investor code from his new book Are You Fundable. Brody explained his hierarchy of who gets funded the most.
1. Serial entrepreneurs: This is a rare person in the startup world. Serial entrepreneurs have a track record. They’ve already started 1 or more successful companies and won’t have a hard time getting funded. One example, is Steve Jobs. When his company NeXT was on the verge of bankruptcy, he met Ross Perot at an event, they hit it off, and Perot offered him $20 million.
2. Pedigreed: This person has 5+ years expertise in their startup’s industry. They know it well, they have a product, customers and a growth market.