Archives For financing

The Metaphor of the Tub (Part 2): Cash is King

5 June, 2013 — 3 Comments
Photo of zizzybaloobah on Flickr

In business and investment the expression “cash is king” is widely used. This idea is the highest priority in terms of startup finance. A startup can assume that the first year will not bring benefits, provided it has clear when they will start. But what makes a high percentage of startups disappear shortly after its creation, is the red or running out of cash. Cash is one of the three legs of the financial plan, along with the income statement and balance sheet. This is most important in the case of startups. So, “cash is king”. Continue Reading…

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A Spanish Startup, which Sells Kits for Knitters, Raises Venture Capital

29 May, 2013 — Leave a comment

Foto weareknitters.com

“We are knitters” is a company created in 2011 by two 25 year old entrepreneurs, Maria Jose Marin and Alberto Bravo. These entrepreneurs have the double merit of launching an innovative product that was originally traditionally-based and procuring prestigious investors.

They have recently published on their website http://www.weareknitters.com that their company has raises 150,000 euros from some investors: the venture capital firm Cabiedes & Partners and two business angels François Derbaix, Toprural.com founder and Yago Arbeloa, president of the Spanish Association of Investors and Internet Entrepreneurs. The new capital will be use to accelerate the company’s international expansion in Europe.

The company’s online shop sells kits with everything necessary to knit wool and cotton clothing such as sweaters, scarves, hats, etc. They also offer simple video tutorials to learn how to knit from scratch.

In my opinion the most interesting aspects about this company are: Continue Reading…

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Why is the Financial Plan so Important? The Metaphor of the Tub

20 May, 2013 — 2 Comments

Some years ago, I developed a metaphor to explain to entrepreneurs how important it is to plan the financial needs properly.

In my opinion, creating an innovative company is like having a tub full of water. The water is like the company’s money, the initial financing which makes the start-up activity possible.

At the moment of creation, it is as if the plug was taken away and the tub begins to drain. Continue Reading…

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Welcome to my Blog Passion for Startups!

13 May, 2013 — Leave a comment
Pildora Financiera

Financing Pill

Welcome to my blog Passion for Startups!

I am starting this blog today with the hope that it will help many entrepeneurs.

My work with startups has created in me a kind of passion for new innovative companies. It is the moment, after 15 years working with startups, to organize what I have learnt about them and their entrepreneurs. I consider the early stage of an innovative company the most complex and challenging. Definitively, an exciting phase.

I have a great admiration and respect for entrepreneurs who take risks and create startups.

At a time of deep crisis in our country… Continue Reading…

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