We don’t have to look far past our smartphones to recognize that a great idea can change the world. But in this digital age, when everyone seems to have an idea, it can be challenging to get a project off the ground. Crowdfunding sites like IndieGogo and Kickstarter popped up to provide a solution, by offering perks to early adopters of technology and products in exchange for funding, and by 2015 the crowdfunding industry was estimated to have generated $34 billion in revenue — a figure that’s projected to grow to $96 billion by 2025.
RENO Magazine sat down with co-founders from a trio of Reno tech firms. Two of the businesses are transplants, one is homegrown, and all started within the last three years. The co-founders, entrepreneurs each younger than 35, are helping to transform the perception of Reno and the city’s economic future.
If your strategic plan for growth is up and to the right, you must navigate this trajectory as you market your products/services, hire more staff, and scale your business. These factors along with others will help create the value you want now to achieve the long-term vision for growth. Here are a few tips to consider as you and your team develop and implement your company’s strategic plan.
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.
What began three years ago as a non-traditional fundraiser has evolved into an annual summit designed to inspire and empower Reno-Tahoe women as well as support the well being of women living in poverty in Kenya. The Women As Change Makers Summit: Brilliant Women & Bold Ideas (WACM) is a local event with global reach. It is an opportunity for women to come together, learn new skills, be inspired and feel supported. WACM is scheduled to take place Friday, Oct. 21, from 8 a.m. – 5 p.m. at The Third Floor at Whitney Peak Hotel in downtown Reno.
A survey of the fastest-growing startup companies in Northern Nevada found that roughly half are run by women founders. This is far above the national average, according to the Kauffman Foundation Startup Activity Index that states that only 36.8 percent of new entrepreneurs are female. These local companies are very diverse, ranging from management software, to custom apparel, to biochemicals and consumer products. The Summit Venture Mentoring Service, a program managed by EDAWN’s Entrepreneurial Team, takes in early-stage startups and organizes a team of mentors around them to guide them towards success. Of the 23 startups supported by the program in the past year, 12 of them were solo female founders or had a female co-founder.
Launching a new business is an exciting time. But before you even open for business, you generally have to quite a bit of start up costs. You may have to train workers and pay for rent, utilities, marketing and more. Entrepreneurs are often unaware that many expenses incurred by start-ups can’t be deducted right away.