Some facts and Quotes about Raising Seed Capital - Via Paul Allen Angels fund 30-40 times more companies than VCs, but they do much smaller deals. VCs fund 1-3% of the deals they look at Angels fund 22% of the deals they seriously consider Angels fund 84% of rounds under $250,000 #1 source of initial funding for startups is entrepreneur’s own savings (74%)

** Characteristics of a Good Business Model** Review of the business models of 70 companies finds no single model guaranteed to produce financially superior results; however, the more successful models do share three characteristics. First, they offer unique value—sometimes in the form of a new idea. More often, it is a combination of product and service features that offers more value; lower price for the same benefit or more benefit for the same price.

** Characteristics of a Good Business Model** Review of the business models of 70 companies finds no single model guaranteed to produce financially superior results; however, the more successful models do share three characteristics. First, they offer unique value—sometimes in the form of a new idea. More often, it is a combination of product and service features that offers more value; lower price for the same benefit or more benefit for the same price.

Via: JotBlog Jotspot has an event called hackathon which helps engineers in the firm become more creative. It’s a day-long event where our engineers each crank on something: valuable to the company but not what they’re “supposed” to be working on and that can be taken from idea to working prototype in one day Results are stunning!

Some people can fly but they have forgotten how to fly . So they forgot Some people completely do not know they can fly . So they never learned Some people have flew before, but forgot how to. so they never remember. Some people know they can fly, but never try because they are surrounded with fear. So they quit Some people wanted to see others fly before they fly. So they wait