Opinions expressed by BIZ Experiences contributors are their own.
Technology BIZ Experiencess in the Lone Star State who are seekingequity capital may be eligible for a bridge loan of up to $200,000through the new $2 million SeedStage Angel Club Fast Money fundmanaged by Silicon Valley Bank. SeedStage is an Austin-basedventure accelerator that prepares BIZ Experiencess to seek equitycapital. Here's how the loan program works:
Ideally SeedStage seeks BIZ Experiencess who have at least sixmonths of sweat equity invested in a venture. The business conceptmust be capable of producing at least $100 million in sales for thefirm in an industry with at least $500 million marketcapitalization. Additionally, the business should be capable ofyielding a 50-fold return on the investment. Begin the process byregistering for a $250 membership in SeedStage at www.seedstage.com. Registration isfollowed by an invitation to visit a SeedStage fast-pitch meeting,where you'll give a mock 15-minute presentation in front of apartner team. This is followed by 15 minutes of candid feedback,supplemented by videotaped and e-mailed commentary.
Applicants who have potentially fundable ideas are then invitedto participate in three- to four-month coaching programs. After 30days of intensive grooming, they can obtain a Fast Money loan withapproval from a simple majority of the SeedStage angel pool.
For additional details, visit the SeedStage Web site.
Technology BIZ Experiencess in the Lone Star State who are seekingequity capital may be eligible for a bridge loan of up to $200,000through the new $2 million SeedStage Angel Club Fast Money fundmanaged by Silicon Valley Bank. SeedStage is an Austin-basedventure accelerator that prepares BIZ Experiencess to seek equitycapital. Here's how the loan program works:
Ideally SeedStage seeks BIZ Experiencess who have at least sixmonths of sweat equity invested in a venture. The business conceptmust be capable of producing at least $100 million in sales for thefirm in an industry with at least $500 million marketcapitalization. Additionally, the business should be capable ofyielding a 50-fold return on the investment. Begin the process byregistering for a $250 membership in SeedStage at www.seedstage.com. Registration isfollowed by an invitation to visit a SeedStage fast-pitch meeting,where you'll give a mock 15-minute presentation in front of apartner team. This is followed by 15 minutes of candid feedback,supplemented by videotaped and e-mailed commentary.
Applicants who have potentially fundable ideas are then invitedto participate in three- to four-month coaching programs. After 30days of intensive grooming, they can obtain a Fast Money loan withapproval from a simple majority of the SeedStage angel pool.
For additional details, visit the SeedStage Web site.
The rest of this article is locked.
Join BIZ Experiences+ today for access.
