Thank you Dan, really good aggregation of funding methods, and I agree with you the best ones are those coming from the target customers themselves. I'd also add to them the Corporate Ventures (like Intel Capital), which are mostly useful when your startup's product is most relevant to the corporate's line of products, or platform.
Ahmad, appreciate the comment. re: corporate venture capital - I'm actually not a fan if it can be avoided... many ask for "Information Rights" and there's not alliance from the main business to not compete against your startup if strategy requires it... just my 2 cents. DM
I’m loving your videos so much and I can’t believe I’m just now finding you on UA-cam !!! I’m binge watching since this morning and will watch EVERY video you have available !!! I’m learning so much from you!! As a new entrepreneur and no longer just self-employed, it is all new terrain for me and I love the challenge !! I’m a fellow Canadian that admire what you’re doing and who knows, maybe we’ll meet someday !! 😉 Thx again for sharing your knowledge !!!
Here's what I have found - if you know someone, you can get funding for anything. If you don't know anyone, no one is going to fund your business until it makes money and by the time you get there you realize that going from zero to a product with sales is so unlikely that you would be a fool to sell. If Sequoia invests, or emergence capital or one of those funds - in tech, different for bio, etc., - they already know how they are going to make a billion off of it. They don't take chances. They have the customers and investors (who are connected) and it's just a negotiation on how much you are giving up. But they invest in a few things a year. Everyone else - be happy if you can even get to a point where you mostly work for yourself (because every customer becomes a boss). In other words, unless if you grew up in Palo Alto and went to Stanford, don't even worry about it. If it is tech, build it. If it is another business, sell and then figure out how to deliver. Find the fastest path to actual money in exchange for something. Most of what these guys talk about are dreams. They aren't the reality.
HOPEFULLY, MY BUSINESS IDEAS WOULD WORKOUT BIG, AND ONE DAY, WHEN I'LL BE TALKING ABOUT THE PEOPLE WHO SET ME ON THE PATH, I'LL TALK ABOUT YOU. YOU'RE ON A NOBLE COURSE, KEEP IT UP!
I’m working on a nonprofit business plan for after school youth guidance program..., I picked up a few tips from you although I honestly don’t want to depend on a bank loan nor my credit cards but I do like the idea of crowd funding and of course I’m investing my money into myself as I continue to work😃
If one just started his own company, and the first costs presumably 150.000€, for what so ever need to be paid, would you recommend going directly to angel investors and present them your idea, for which you by the time have no number in place, and for which you can only come up with estimations, or would you start by collecting this money by crowdfunding, start selling and contact those investors the moment you need more capital to expand? Love your videos by the way man. So much value! Thank you!
This is great. Something I think budding entrepreneurs shouldve found out themselves but a great reminder. I need to find specific startup finance skills, like valuation, share allocations etc.
Really helpful video man. Thanks so much for sharing. Will be raising money for a huge project and have absorbed your video to pitch our business idea to investors.
Personally I came to this video because I work a close to minimum wage job and yes I have a college degree in physics. There are some amazing tips here and I can't wait to see how it all goes.
Hey man just finding your channel great stuff. How do you fight no previous experience being in the industry your business idea is in and receiving funding. Most vc’s want a track history and won’t fund a team without it. Thanks !
Dan.....I feel that many coaches emphasize the doing of the work. The second part is what keeps me coming back here, every subject you cover has actionable steps. And the people who follow your advice and it works, will come to you when its time to pay a coach to add some 0s to their scale. I also really really love the idea that you are accessible like this. As the scale goes up, it probably gets harder and harder to be a real person in the lives of your students.
Great Video clip! Apologies for butting in, I am interested in your initial thoughts. Have you researched - Chireetler Become Athletes Rule (erm, check it on google should be there)? It is a smashing exclusive guide for understanding how to get a government grant minus the hard work. Ive heard some extraordinary things about it and my buddy after many years got excellent success with it.
Great Video clip! Forgive me for chiming in, I am interested in your initial thoughts. Have you heard the talk about - Chireetler Become Athletes Rule (Have a quick look on google cant remember the place now)? It is a good one off guide for understanding how to get bank funding for your business without the hard work. Ive heard some pretty good things about it and my friend Sam after a lifetime of fighting got excellent results with it.
Thanks for all the advice. Young entrepreneurs such as myself could not be more grateful. I do have a question, what would you suggest as the best platform (shopify, wordpress, etc.) to setup a multivendor website such as clarity or more specifically etsy? Thanks once again :)
For me, I'm trying to start up a retail store and service for younger people. The banks and credit card companies only will let me have 6k when I need around 75k to get started
isn't the interest rate on CC out of this world? Surely if your now having to consider CC as a source of capital you setting your self up for a ton of pain
Hi DM, I have watched 5 of your videos already and I absolutely love them. You talk about what you've done yourself and that makes you unique. Thanks Actually I am from Cameroon, central Africa. It is really difficult to find funding but worse still, it is expensive to get the softwares expertize (platforms like UPWORK charge heavily as from 25$/hr provided you have the payment methods). How can a startup (mine is "Proxicare" smart ambulatory healthcare) find funding or affordable tech support? Regards
Patrick Gauthier Kamgang no matter where you live, someone’s done it. Find them in your city/province. Where you’re from is never a reason to be held back. You got this! DN
My team has just started nonprofit organization in the Philippines more people need help here i hope everyone can help us for our operation to give relief goods. christmas is around the corner other people have lost there houses and livelihoods.
Need money for your startup? There are 8 ways to fund your dreams. I cover each, how I’ve used them and the best one for you. You can watch here.
Hey Dan, i find ur videos THE MOST useful ever on youtube! Big thx from Russia!
WOT c DDD_Moscow thx, really appreciate the kind words.
DM
Thank you Dan, really good aggregation of funding methods, and I agree with you the best ones are those coming from the target customers themselves.
I'd also add to them the Corporate Ventures (like Intel Capital), which are mostly useful when your startup's product is most relevant to the corporate's line of products, or platform.
Ahmad, appreciate the comment.
re: corporate venture capital - I'm actually not a fan if it can be avoided... many ask for "Information Rights" and there's not alliance from the main business to not compete against your startup if strategy requires it... just my 2 cents.
DM
Thanks for the useful add. I think this makes it even less preferable to me then (not been in touch with any of them before).
I’m loving your videos so much and I can’t believe I’m just now finding you on UA-cam !!! I’m binge watching since this morning and will watch EVERY video you have available !!! I’m learning so much from you!! As a new entrepreneur and no longer just self-employed, it is all new terrain for me and I love the challenge !! I’m a fellow Canadian that admire what you’re doing and who knows, maybe we’ll meet someday !! 😉 Thx again for sharing your knowledge !!!
Thanks Caroline. Good to have another fellow Canadian here.
Finally someone who gets it...especially Credit Cards and *Customer Financing*!! Btw, that's NINE ways!
Thank you for this great video Dan
Here's what I have found - if you know someone, you can get funding for anything. If you don't know anyone, no one is going to fund your business until it makes money and by the time you get there you realize that going from zero to a product with sales is so unlikely that you would be a fool to sell. If Sequoia invests, or emergence capital or one of those funds - in tech, different for bio, etc., - they already know how they are going to make a billion off of it. They don't take chances. They have the customers and investors (who are connected) and it's just a negotiation on how much you are giving up. But they invest in a few things a year. Everyone else - be happy if you can even get to a point where you mostly work for yourself (because every customer becomes a boss).
In other words, unless if you grew up in Palo Alto and went to Stanford, don't even worry about it. If it is tech, build it. If it is another business, sell and then figure out how to deliver. Find the fastest path to actual money in exchange for something. Most of what these guys talk about are dreams. They aren't the reality.
I have to say this is one of the best funding advise someone gave. :) thanks dan
I am glad this was useful for you 🙏
HOPEFULLY, MY BUSINESS IDEAS WOULD WORKOUT BIG, AND ONE DAY, WHEN I'LL BE TALKING ABOUT THE PEOPLE WHO SET ME ON THE PATH, I'LL TALK ABOUT YOU. YOU'RE ON A NOBLE COURSE, KEEP IT UP!
Thx Tony, means a lot ... appreciate the comment.
DM
Dan Martell hello
Very nice tips about funding matter.
I’m working on a nonprofit business plan for after school youth guidance program..., I picked up a few tips from you although I honestly don’t want to depend on a bank loan nor my credit cards but I do like the idea of crowd funding and of course I’m investing my money into myself as I continue to work😃
If one just started his own company, and the first costs presumably 150.000€, for what so ever need to be paid, would you recommend going directly to angel investors and present them your idea, for which you by the time have no number in place, and for which you can only come up with estimations, or would you start by collecting this money by crowdfunding, start selling and contact those investors the moment you need more capital to expand? Love your videos by the way man. So much value! Thank you!
This is great. Something I think budding entrepreneurs shouldve found out themselves but a great reminder. I need to find specific startup finance skills, like valuation, share allocations etc.
Really helpful video man. Thanks so much for sharing. Will be raising money for a huge project and have absorbed your video to pitch our business idea to investors.
Glad it was helpful 🔥
Personally I came to this video because I work a close to minimum wage job and yes I have a college degree in physics. There are some amazing tips here and I can't wait to see how it all goes.
Glad you found it and appreciate the comment!
You should be a motivational speaker.
I love your charisma and valuable insights
Thanks Andrew
Great delivery Dan. Love it.
really usefull thanks a lot
👊🏻
Hey man just finding your channel great stuff. How do you fight no previous experience being in the industry your business idea is in and receiving funding. Most vc’s want a track history and won’t fund a team without it. Thanks !
I'm from Tanzania, I'm trying to start a school business. I started last year, I'm still struggling what should I do to improve my business?
Thanks Dan.
Thanks for this. Very helpful.
great great content and super useful for starters thank you a looot👍👊👊
Why you have much less subscribers, you deserve more
Avinash Kumar I know / maybe because I tell them they need to do the work AND show them how - scares away the wantrapreneurs ;)
Dan Martell and views also you have a very low Views to Subscribers Ratio.
Dan.....I feel that many coaches emphasize the doing of the work. The second part is what keeps me coming back here, every subject you cover has actionable steps. And the people who follow your advice and it works, will come to you when its time to pay a coach to add some 0s to their scale. I also really really love the idea that you are accessible like this. As the scale goes up, it probably gets harder and harder to be a real person in the lives of your students.
Great Video clip! Apologies for butting in, I am interested in your initial thoughts. Have you researched - Chireetler Become Athletes Rule (erm, check it on google should be there)? It is a smashing exclusive guide for understanding how to get a government grant minus the hard work. Ive heard some extraordinary things about it and my buddy after many years got excellent success with it.
Great Video clip! Forgive me for chiming in, I am interested in your initial thoughts. Have you heard the talk about - Chireetler Become Athletes Rule (Have a quick look on google cant remember the place now)? It is a good one off guide for understanding how to get bank funding for your business without the hard work. Ive heard some pretty good things about it and my friend Sam after a lifetime of fighting got excellent results with it.
Thanks for all the advice. Young entrepreneurs such as myself could not be more grateful. I do have a question, what would you suggest as the best platform (shopify, wordpress, etc.) to setup a multivendor website such as clarity or more specifically etsy? Thanks once again :)
Praneezay I would ask Sam Rizzi at Cridio, they’ve built a theme that sits on top of WordPress for this (I believe).
Clarity was custom coded.
DM
Great info delivered with clarity!
Thx Lulu!
DM
For me, I'm trying to start up a retail store and service for younger people. The banks and credit card companies only will let me have 6k when I need around 75k to get started
Excellent content.. Thank you
isn't the interest rate on CC out of this world? Surely if your now having to consider CC as a source of capital you setting your self up for a ton of pain
amazing ! thanx..
Thanks!
Hi DM, I have watched 5 of your videos already and I absolutely love them. You talk about what you've done yourself and that makes you unique. Thanks
Actually I am from Cameroon, central Africa. It is really difficult to find funding but worse still, it is expensive to get the softwares expertize (platforms like UPWORK charge heavily as from 25$/hr provided you have the payment methods). How can a startup (mine is "Proxicare" smart ambulatory healthcare) find funding or affordable tech support?
Regards
Patrick Gauthier Kamgang no matter where you live, someone’s done it. Find them in your city/province.
Where you’re from is never a reason to be held back.
You got this!
DN
My team has just started nonprofit organization in the Philippines more people need help here i hope everyone can help us for our operation to give relief goods. christmas is around the corner other people have lost there houses and livelihoods.
Hi Dan...we'd really like to meet with you. How can we contact you?
danmartell.com/contact
awesome~ %^T%
Good video
Thx.
I have such a great idea for business.
Bank ....suck
Credit cards ......sucks
Suck, yes... necessary evil sometimes.
DM
6:40
A lot of people don't have jobs
STEVEN TV WORLD make a business and creat jobs than getting angry......????
I am sorry I have anger issues
BBC
News report
42 million American live in poverty