There are many questions that entrepreneurs have to face when looking to build and fund startups such as when to raise funds, how much to raise and where to find investors. To address some of these questions, NCET held a panel discussion luncheon titled Introduction to Startup Funding on Wednesday, March 8 at the Atlantis Resort Casino Spa. The event allowed local experts and investors to share insight on funding for scalable startups — in terms of this article, scalability is a company’s ability to maintain or increase its level of performance or efficiency when tested by larger operational demands.
Ozmen Ventures has announced its launch as one of the first early-stage investment funds in northern Nevada. Founded by Eren and Fatih Ozmen, owners of Sparks-based Sierra Nevada Corporation (SNC), a global aerospace and defense company, the fund aims to invest in young and dynamic local startups and cultivate the local entrepreneurial ecosystem. Ozmen Ventures is a seed and early-stage venture capital fund headquartered in Reno. The fund has already made an investment in ClickBio, an innovator in the laboratory consumables industry.
No one wants to think about the “worst case scenario” in the heady days of a new business venture. But, there are basic legal issues you should address to avoid complications down the road. Taking the time to plan up front can save you headaches and hours of problem solving later. Here is my list of common legal pitfalls to avoid as a start-up.
Given how much customers dislike it, the financial services industry seems ripe for “disruption,” as Silicon Valley likes to call industry upheaval. These financial technology, or “fintech,” startups may also soon get further validation from a key banking regulator. Comptroller of the Currency Thomas Curry last week announced plans for a special national bank charter that would allow fintechs to offer their products without having to get regulatory approval state to state. Part of Curry’s motivation lies in his belief that fintech can help consumers who either don’t want or can’t afford to establish accounts with traditional banks.
We can all relate to email and productivity tools as one of the key functions required to do business. With all of the choices available, the initial task of deciding on a provider for these solutions can seem daunting. What features are you looking for? Is mobility a key part of your business? Will you be using multiple devices to access data? What are the various compliance features your business will require? These are the questions individuals starting a new company or wanting to expand their current business need to ask themselves before making a decision.
Snapchat set off a flurry of chatter among the technology classes this autumn with the leaked news that the social-media company appears to be preparing a push into virtual-reality hardware. Much of the talk in the mass media, however, missed an important point: Virtual reality and augmented reality, its closely related sister technology, already represent a $1 billion market — and the market-research firm SuperData estimates that investors will pump $2.8 billion into VR and AR companies this year alone.
The Sierra Angels, Nevada’s premier, early-investor funding group, is launching a new program and fund to help incubate ideas and projects created through the University of Nevada, Reno that have potential for reaching the marketplace. The recently created Sierra Innovations and its Entrepreneur Fund will facilitate the development of successful innovation-based, scalable startup companies in the northern Nevada region.