MIT Logo Nuts and Bolts of New Ventures MIT Course 15.S21
Nuts and Bolts of New Ventures - 2017
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Session 1 - Tues 1/24/17
Session 2 - Wed 1/25/17
Session 3 - Thurs 1/26/17
Session 4 - Tues 1/31/17
Session 5 - Wed 2/1/17
Session 6 - Thurs 2/2/17
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Session 5:
Financing Sources Panel;
Financial Projections

Wednesday, February 1, 2017
6:00pm to 9:00pm, Room: 10-250

Part 1: Financing Sources Panel
You have identified the product/service and the market. You have settled on a business model and have done your financial projections. How will you finance the plan?

This session will cover: Bootstrapping the early stages. Funding from the 3 F's- Friends, Family and Fools. Angels- who are they and what are they looking for? Private placements. Customer financing. Consulting- getting someone else to pay for the development, provide a beta site and endorse your idea. Venture capital. Bank financing.

You will learn about the institutional constraints and needs of various funding sources. As a result you will be in a better position to determine if, when and how to approach these sources for financing.

This part of the program will feature a panel of experts discussing different financing sources. The January 2017 IAP panel members are:

  • Addie Chamberlain, MASS Design and New Profit (strategic and philanthropic relationships)
  • Payal Divakaran, .406 Ventures (digital technologies venture capital)
  • Julia Kline, Impetus Law (crowdfunding)
  • Lisa Sebesta, Fresh Source Capital (venture debt for food-related startups)
Panel Moderator:
Julianne Zimmerman
Experienced Technology Innovator and Investor
Read her bio here.

Presentation Slides:    No Slides for this Session

Readings:

Part 2: Financial Projections
Armed with an understanding of the market for your products how do you figure out what financial resources you will need to bring a product to that market? This portion of the program will introduce some financial projection techniques based on actual business experience.

Readings: Speaker:
Charlie Tillett
Sloan MBA; Former MIT 10K Participant; Serial Entrepreneur
Read his bio here.

Presentation Slides:    Business Plan Financial Projections

 

 

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