Entrepreneurs Get Creative to Get Funding

Re:Entrepreneurs Get Creative to Get Funding by leelin on Thursday October 15, 2009 @03:54PM (#884135)

The article seems to contradict itself; Shark Tank gave them a $270K pre after they "walked away with $500K in investments" at the end of the Summer? Maybe they meant all investor owned equity is now 25%?

  Notehall.com, one of 10 ventures chosen to participate in
  the three-month summer program, walked away with about
  $500,000 in investments.
  ...
  Through the show, which aired Notehall.com's episode last
  week, Mr. Conway landed the company an additional $90,000
  after agreeing to give up a 25% equity stake

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Re:Entrepreneurs Get Creative to Get Funding by theklub on Thursday October 15, 2009 @04:03PM (#884164)

No the Sharks usually only invest if they are getting a sizable percent of ownership so I think that's correct. They must have needed the money pretty badly.

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Re:Entrepreneurs Get Creative to Get Funding by mediaman on Thursday October 15, 2009 @04:59PM (#884262)

I wonder why on earth someone would burn through $500k in less than a year to develop a class notes sharing site, given the developer abstractions available today.

Maybe he tried to launch a blitzkrieg marketing plan in many different universities at once, with little testing or compartmentalizing?

Maybe just too much staff?

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