Welcome back to the Triple Seven Startup Funding Series.
Last week we explored angel investors: who they are and what they can offer to your business. You can read the full post here: https://www.777grp.com/single-post/2017/12/06/The-Startup-Funding-Series-Angel-Investors
This week, we’re discussing seed funding.
This source of capital has risen in popularity over the past few years, helped in part by the rise of crowdfunding platforms such as Crowdcube, as well as the growth of new industries populated by high-growth startups, such as FinTech.
What is seed funding?
Seed funding or seed money is a type of early-stage funding given to a startup business, allowing it to operate until it is revenue-generating by itself.
The word ‘seed’ suggests that this is a very early stage of funding; however, this is not always the case, as established businesses can ofter open up seed rounds to facilitate expansion.
You may have seen news articles floating around referring to companies closing Series A,...
Last week, we announced the launch of the Startup Funding series. This is a guide for young entrepreneurs exploring funding routes for their startup.
The first option that we’ll be discussing is angel investment.
Angel investors generally tend to be high-net worth individuals who will provide an initial injection of cash for a startup business. Unlike a VC firm, these investors are less focused on the possible profitability of the business, but rather, they dedicate their attention to getting a business off the ground.
As angel investors usually offer funding at the very beginning of a business journey, they will often ask for an equity stake and/or a position on the board of directors in exchange for their money.
A business can have multiple angel investors who each give a percentage of the total funding required, and hence each take a smaller percentage of the company, or one investor who puts up all the money themselves.
Growing a startup business? You’re going to need some cash.
A successful business must grow in size to become more profitable. This is especially true in the world of Recruitment: more roles and more clients means more consultants needed to manage the increased workload. Those new consultants then onboard new clients, and the growth process begins again.
The growth process, though, is costly. From hiring and training new team members, to expanding your office space, it all adds up.
There are a number of ways that you can fund this growth process; to explain your options in detail, Triple Seven Group are launching the Startup Funding Series.
Each week, we’ll take you through a funding option for your business. These will range from Angel Investment, to Mergers, Acquisitions, Seed Rounds and more.
We’ll explain the benefits and disadvantages of each one, and explain which sort of businesses that each option will be suitable for.
We’re kicking off next week with Angel Investment. Check bac...