When entrepreneurs post business summaries on FundingUtah.com, I want them to be able to list what stage they are at in their companies development. So I needed to find out how the industry categorizes companies that are seeking financing.
I found a great powerpoint from InvestNebraska.com that outlines the types of private equity that are available for entrepreneurs.
I was disappointed to be reminded about how little venture capital flows into seed stage companies. The data shows that in 2003, venture capital went into companies as follows:
- Startup/Seed Stage, 2%
- Early Stage, 18%
- Expansion Stage, 55%
- Later Stage, 25%
Of course, seed stage companies need relatively little capital while later stage companies need very large rounds.
Google's gaggle of Ph.D.s has added another yet intelligent twist on search engine marketing. Google's new Budget Optimizer will manage your keyword bids in order to get the highest number of clicks possible given your AdWords budget.
You know what I love about the internet era?
Last night I read the latest issue of EContent magazine, one of those underrated and little known publications that always has a treasure trove of information about content businesses. From my days studying library science I acquired an interest in certain magazines that no one else I know seems to know about. I highly recommend this one.
Here are the topics I need to learn more about:
Love is the Killer App, by Tim Sanders, changed my life by showing me how to imbue my business life with love and compassion and unselfish sharing of knowledge and social contacts in a conscious effort to help others, without expecting anything in return.
LogoWorks, a fast growing Utah company that just hired one of my friends as VP Marketing, has launched what I think is one of the best and most clever marketing campaigns I've seen in a long time. In conjunction with Entrepreneur magazine, they are trying to find the Ugliest Logo in America. Everyone who enters the contest is a perfect potential customer for the company.
LogoWorks has one of the most innovative, internet-enabled business models I've seen, and mark my words, they are going places.