“Entrepreneurs are risk takers, willing to roll the dice with their money or reputation on the line in support of an idea or enterprise,” claims Victor Kiam. Innovators have to be ready to take a leap of faith to make their ideas into reality. While hard work and a great team can help get them on the right track, financial backing can make the process easier and more secure. On February 26, Jack Greco ’06, ’08S spoke to students about his background in VC and how to assess different avenues of funding, as well as the factors/stages in the financing process.
This session was the second installment in the 2019 Mark Ain Business Model Workshops. These are held to help prepare students for our upcoming business plan competitions (though these informational events are open to anyone and everyone!). The Mark Ain Workshops build on the more soft-skill-focused Foundry Forums held during the fall semester. Below are 5 key points drawn from the event.