Tag Archives: angel

Entrepreneur Success Story – Why Not You?

23 Dec

This is a great story and inspiration to all that aspire to build their own product and company.  I’ve been following this story since I read about it in the Economist back in October.  2 friends came up with an idea, build it on the cheap using partners to quickly prototype the product and then raised over $100K from angel investors in a few weeks.  It’s now in production to popular reviews and available for purchase on-line.

What do I love about the story?

  • 2 friends with complimentary talents to turn an idea into a product
  • They came up with a great idea that they then EXECUTED on
  • They quickly (and cheaply) built the protype using outside help
  • They used KickStarter to find angel investors via the internet
  • They are selling direct on the internet so cost of sales is low

It’s easy to come up with a good idea.  Well, certainly easier than actually executing on the idea.  So my congratulations to these 2 friends who were able to build and launch a consumer product with minimal resources and in rapid time.

What is it?  It’s a tripod for your iPhone4.  Simple, elegant and handy.

What’s your New Year’s Resolution?  Shouldn’t it be to execute on your idea?

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Boston-area VC funding for startups – where is it?

9 Sep

Since many Inquisix members are also entrepreneurs and business owners (like us), perhaps you’ll find these articles as interesting as we do.  The first article caused a big commotion and discussion amongst the Boston startup crowd.  Isn’t that what good articles do?

  • Why Waltham Doesn’t Matter – Finding early stage funding is always challenging for startups and the chances of getting a, “No thanks” are close to 99%. So when a noted Boston Globe business columnist calls the VCs on the carpet, everyone in our community takes notice. I was at a TechCocktail networking event last week and the VCs I spoke to all had lots of comments and head shaking. One was upset that they weren’t mentioned with the “good guys” in Boston. So if Scott was looking to stir the pot, he accomplished it in spades!
  • Hey, Boston-area VCs, angels: Loosen up and connect with startups – To continue the commentary from Scott on Waltham VCs and lack of Series A fundings, one of the Angels that rec’d kudos from Scott is offering his suggestions. It’s one all Inquisix members believe in – the referral. “If you can’t/won’t do the deal then referral them to someone you think will.”