Hello Community! We are happy to announce the winner of the May Challenge! Members of the community have voiced their opinion through the betting of their points on the Top 9 companies they believed to be the best. Thus, we are glad to announce a winner has been chosen for the month of May! The community has chosen…. nModes! Congratulations to founder Sasha Uritsky! We would also like to congratulate UnBrokr and Grinnit who placed as runner ups. Nmodes now moves into phase 4 with the opportunity to receive...
Hello Community! We now have the finalists for the May $25,000 Investment Competition. After an intense battle in the rainiest month of the year, these startups have finally made it to the top 9, as chosen by you, the members of our community! · Grinnit · Relay Technology Management · UnBrokr · StudyMonkey.ca · NModes · Giftah · TrafficAlert · Clip Mobile · Rentabilities For the next two weeks, these startups must compete to win your...
When starting up a company, it’s always a crazy environment. Sleep has become a dream, hours blur into one…and chances are; you are having the time of your life. But at the same time, there’s always that need to beat the clock and have your product out before the competitors have theirs out. And of course, there’s always the enviable problem that you face as an Entrepreneur (what’s your company’s stable market? Where can you get money? How do you solve this current management dilemma?). Well, just remember that...
Videos! The shortest but most essential aspect of any company profile can be the difference between a high traffic profile and a low traffic profile. It has been shown historically that profiles that have a 30-60 second elevator pitch about them have had more traffic and comments then those that don’t. Why is that? Simple, if founders are able to put up videos about their idea (i.e. them pitching it), users will be more enticed to not only look at the video, but also understand the business concept better and...
Chances are, that sometime in your life, you have double dipped. No, not putting the chip twice into the dip at a party (someone probably saw you do it too!), but instead, being able to create reoccurring revenue streams. So essentially, you make something once, sell it twice and profit three times from it. Double dipping increases the amount of revenue streams coming into your business. So why do this? Well besides the obvious answer of making more money, you also are able to do risk management. So in the event...
When you have your idea and someone wants to pay for it, how do you make it better so the masses are willing to pay? The best way is to make your product 10x better through the 10x rule. This means in order for your product to gain market traction, it must be exponentially better. Historically, being slightly better is not an effective way in gaining market share. Some examples of this are: Beta is a little better then VHS Blu-Ray is a little better then HD-DVD Plasma is a little better then LCD Now compare...
A post in the Wall Street Journal has stated that with the current state of the education system in the United States, there may not be enough funding available from the government. As a result, the article mentions about going to the private sector to fund education. Even then, it’s shown that Venture funding for education has risen in both the amounts and deals made. The only roadblock that is present is the current system of schools and how there is a need for tough regulations and procedures to ensure that...
One of the most important aspects that helps a VenCorps member is to fill our their profile. The profile of a user is one of the key tools in making yourself known to the community! It’s encourage to not just fill in the As a founder, you can see who other people are and as well, their experiences and expertise. This can not only help with the comments and reviews of your company, but also in networking with others. You may just find that perfect web developer or coder by just looking at their profile! For a general...
One concept that is the foundation of a successful business is the BODCAT Decision-Making Model or the Talent Triangle. The Talent Triangle is essentially a triangle with three points (Business Acumen, Operations Experience, Domain Knowledge) that represent the “dream team” of people that all successful businesses have as well as having the underlining principles of consultation, trust, and authority. And in the event that one element out of the three is missing, a company will not be as successful. But at...
VenCorps™ is pioneering a new venture model. The goal is the same—attract, screen, and grow venture investments for high returns—but the approach is profoundly different. The classic model is offline, closed, and managed by a handful of experts. VenCorps™ is an open, collaborative ecosystem, like social networks, wikis, and innovation markets, enabling far more efficient allocation of resources.
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