This week was our 360-pitch event; this means that all founders needed to pitch their business idea or existing start-ups to the other program member. Hosted at the Hult campus.
Hult’s Founder’s Lab is back this term with exciting programs, guest speakers, as well as eye-opening activities. We are very proud of all the startups that have joined us! For those of you who have not yet heard about what we’ve been doing lately, then reading this blog post out would be a very good idea! It starts with you!
In this interview, Lars talks to Zan Alexander, a Hult Founders Lab program Alumni and the co-founder of the GREM App, currently live in Ljubljana (Slovenia). Alex and his team have built their MVP, raised money and are currently in process of applying to and joining YC in the San Francisco bay area. All of us at the Hult Founders Lab wish you the best of luck!
This article was taken from blog.ycombinator.com… All credit to the original author, Geoff Ralston.
Startup companies need to purchase equipment, rent offices, and hire staff. More importantly, they need to grow. In almost every case they will require outside capital to do these things. From this need we get to fundraising.
The initial capital raised by a company is typically called “seed” capital. This brief guide is a summary of what startup founders need to know about raising the seed funds critical to getting their company off the ground. Seed fundraising is the first plant to make the founding teams vision into reality.
This is not intended to be a complete guide to fundraising. It includes only the basic knowledge most founders will need. The information comes from my experiences working at startups, investing in startups, and advising startups at Y Combinator and Imagine K12. YC partners naturally gain a lot of fundraising experience and YC founder Paul Graham (PG) has written extensively on the topic 1, 2, 3, 4. His essays cover in more detail much of what is contained in this guide and are highly recommended reading.
REPOSTED FROM ENTREPRENEUR.COM … Credit to the original contributor. What it is: Crowdfunding is about persuading individuals to each give you a small donation — $10, $50, $100, maybe more. Once you get thousands of donors, you have some serious cash on hand.
Join the Hult Founders Lab today!
This has all become possible in recent years thanks to a proliferation of websites that allow nonprofits, artists, musicians — and yes, businesses — to raise money. This is the social media version of fundraising.
There are more than 600 crowdfunding platforms around the world, with fundraising reaching billions of dollars annually, according to the research firm Massolution.
THIS ARTICLE IS RE-POSTED FROM MEDIUM.COM. Credit to its author, Bram Krommenhoek. “Why 90% of startups fail, and what to do about it.”
Most entrepreneurs think they’re building the next big thing.
In reality, over 90% of them fail.
But you’re not one of them, right?
That’s what I thought. I thought my startup made complete sense. It would revolutionize the way entrepreneurs build their business.
It’s Sunday and time to rock’n’roll! We kicked off the HFL Boot Camp Day 2 on October 8th at 10 AM after a good nights rest. Day 1 was hard, but nothing we can’t handle! With the cohort ready, we set off, picking up the reins where we ended the day before; data collection. We had told our cohort to formulate their three riskiest assumptions and attach a hypothesis to each of those assumptions. Thereafter, it was up to them to ‘hit the streets’ and test their hypothesis’ on potential clients for their projects.
With a majority of the cohort having collected some data, we could begin the HFL boot camp day 2. Here, our focus is on the value proposition of the ideas in the cohort and how to execute solution-engineering, with the product/market fit and ideal consumer in mind.
In the Hult Founders Lab, we believe that creation is practical, and, therefore, learning should be as practical as possible too. This is why, throughout day 2, our main focus was on the cohort actually working with their business ideas. Filling in a value proposition canvas, iterating their assumptions based on real feedback and generally honing in on the actual problem/solution.
It was encouraging for us to see many founders pivot their business ideas. Some realized that who they thought was the customer, wasn’t at all. Others found that the actual problem wasn’t being addressed in their solution design. All-in-all, we are happy to see everyone evolve so quickly, and having an agile mindset.
A first in the history of the HFL, the 2-day HFL boot camp got introduced to this cohort’s founders. A weekend full of fun, knowledge and development waited for the motivated founders at the HULT Undergraduate Campus in London. The HFL boot camp has begun!
In November Franco Torres, a member of the HFL went to Paris for the yearly BRASA European Leadership conference.
BRASA is the largest organization of international Brazilian students as it currently has 3500+ active members spread around 72 universities around mainly the United States and Europe.
On Thursday 29th of November, the start-ups had the opportunity to meet their mentors. They comprised a professional panel of business advisors from diverse backgrounds who were willing to help the founders in their specific areas of specialities.