Startup Company « Passion for Startups

Interview with David Gomez from Hiyalife: “a Startup is a Learning Experience”

14 November, 2013 — Leave a comment

One of my favourite films is Blade Runner. In this film, genetically engineered robots called “replicants” are so similar to human beings that they even have their own implanted memories. I felt fascinated by this idea and others similar in Blade Runner, like the unicorn dream. So when I heard about Hiyalife, a website where you can store your memories, I got immediately interested about it. Last week I heard that David Gómez, Hiyalife co-founder, came to my city to give a workshop for entrepreneurs. Therefore, I decided to attend the workshop and it really deserved applause. David told such good advice for start-ups entrepreneurs that I asked him for an interview to share with you. Continue Reading…

In Experiences Angel investor, Blade Runner, business, business angel, David Gómez, early stage, entrepreneur, financing, Hiyalife, innovation, interview, lean startup, London, Madrid, Startup, Startup Company, venture capital

If You Don’t Have Financing, Bootstrapping is the Solution and the Matrix’s Red Pill is your Best Medicine.

16 September, 2013 — Leave a comment

It is said that a startup has two options: raising funding or bootstrapping. Bootstrapping is in reference to the famous saying “pull yourself up by your bootstraps”. Bootstrapping in business means starting a business with the very little capital that entrepreneurs have, managing their companies with a lot of creativity instead of money.

Nowadays, it is a pity that bootstrapping is not a choice for many entrepreneurs, but the only option they have, due to the difficulty to raise money. Continue Reading…

In Sources of Funding angels, Bootstrapping, business, crowdfund, entrepreneur, entrepreneurship, Finance, financing, Guy Kawasaki, Investor, Kickstarter, Navarre, Startup, Startup Company, storytelling

“Being from a Big Family Helped Me as an Entrepreneur”. An Explanation of the 3F’s (Family, Friends and Fools).

5 September, 2013 — 2 Comments

fff. Photo by Filipe Ferreira on Flickr used under a Creative Commons licence

A couple of years ago I attended a conference where I was struck by something that Honorio Ros, founder of the startup Laexperiencia.com, said, “being from a big family helped me as an entrepreneur”. He explained that thanks to his large extended family, he had convinced some of them to invest in his startup. He was sure that without the economic support from his family, he would not have been able to launch his startup.

The way Honorio received financing is known as the three F’s (or FFF), family, friends and fools. Continue Reading…

In Sources of Funding 3F, Angel investor, angels, business, business angels, entrepreneur, family, FFF, Finance, fools, friends, investment, Investor, navarra, Startup, Startup Company, venture capital

Venture Capital: a Simple Explanation about How to Finance your Startup

21 August, 2013 — 6 Comments

Marco Polo, first entrepreneur who raised venture capital

Marco Polo, the Venetian merchant, who arrived to China in the thirteenth century, was one of the first entrepreneurs who got venture capital. He convinced several wealthy Venetians to finance his commercial expedition to Asia. Marco Polo promised that he would share his profits of this risky venture with them. These funders were a kind of precursors of the current venture capital, which main characteristics I describe below in a simplified form: Continue Reading…

In Sources of Funding business, capital, company, entrepreneur, financial needs, financing, Fund, investee, investing, Investor, Marco Polo, market, Start Up Capital Navarra, Startup, Startup Company, venture capital, webcapitalriesgo

What is a Technology-Based Company?

7 August, 2013 — 1 Comment

– It is a company that uses scientific and technological knowledge systematically and continuously to produce new goods or services with high added value.

– They mainly operate in top-level strategic sectors, such as microelectronics, biotechnology, medical device, nanotechnology, etc.

– They perform R & D in-house or in close cooperation with universities and research centers.

– Many start-ups are not technology-based companies.

– Similar terms: knowledge-based companies, new technology-based firms.

Some technology-based startups in my region, (Navarre, Spain) are: Bionanoplus, Orbital Aerospace, Lev2050, Recombina, Proinec, Pharmamodelling, Kunak, ….

What is Crowdfunding?

31 July, 2013 — 4 Comments

Crowdfunding. Photo by Colbrain on Flickr used under a Creative Commons licence

Crowdfunding is the action, by which a person, company or organization asks a multitude of people to finance his/its projects via Internet, each of them giving a small quantity of money.

Some entrepreneurs and organizations have developed different crowdfunding platforms. They are web platforms that offer projects creators a display space to publish their projects in order to get financing. These platforms also allow the projects to use a secure payment page to ensure that the projects receive their money. In exchange, most platforms receive a commission based on the amount collected.

Which kinds of crowdfunding exist and what do the financial backers receive in exchange? Continue Reading…

Mini-Notebooks “JoJaJo”, my First “Lean Startup”.

24 July, 2013 — 1 Comment

Copies of the first and second version of my mini-notebooks

A couple of years ago, when I started reading about “lean startup“, the entrepreneurship methodology by Eric Ries, I remembered a story from my school days that may serve to illustrate the basic features of this methodology.

When I was ten, Santa Claus never brought me my Scalextric car racing game, instead gave me a useful stapler. When we were in class and an assignment needed to be stapled, we used to ask the teacher to do it for us with his own stapler. So with my new gift, my classmate and I decided to make several small writing notebooks that would serve to help us remember our assignments. Continue Reading…

What is Lean Start Up?

17 July, 2013 — 1 Comment

Photo by John Fischer on Flickr used under a Creative Commons licence

It is a methodology for the creation of enterprises developed by the entrepreneur and consultant Eric Ries in his book “The Lean Startup” published in 2011. It has been a huge success among entrepreneurs, especially among internet entrepreneurs.

This methodology is based on the idea that a startup is an organization formed to search for a repeatable and scalable business model under conditions of extreme uncertainty.

The main point is to build a minimum viable product with basic features that are supposed interest to customers and launch it quickly to test if the hypotheses are true or not. By this way entrepreneur can learn a lot about the business, his products and his customers. Then, the entrepreneur decides whether to persevere or “pivot”, correcting some of the hypotheses.

If you want to understand better what lean startup is, you could read an anecdote from my school days in the post Mini-notebooks “JoJaJo”, my first lean startup.

“The Running of the Bulls”: a Source of Inspiration for Entrepreneurs

10 July, 2013 — Leave a comment

Photo by Globomedia on Flickr used under a Creative Commons licence

These days are special for those of us who live in Pamplona. The city is transformed for nine days during the festival of San Fermin.

Humorously I can say that the skills needed to enjoy the Festival are similar to those that startups entrepreneurs require: Continue Reading…

“Taking Aim”: a Key Factor in Geoactio’s Success Story

3 July, 2013 — 1 Comment

I interviewed Pello Gamez, one of three Geoactio’s entrepreneurs, who I met when they first launched their company. I negotiated Start Up Capital Navarra’s investment in their company. Since then, I have been witness to the positives changes in Geoactio, thanks to these entrepreneurs’ efforts, sacrifices and capacity to adapt to the market. Geoactio’s story is a good example of the difficulties which a start-up faces its first years and how its entrepreneurs overcame them.

Startup: GEOACTIO, Pamplona, Navarra, Spain.

Activity: Software and mobile applications development. Smart city and mobility projects. Smart bluetooth. Continue Reading…

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Passion for Startups

Archives For Startup Company

Interview with David Gomez from Hiyalife: “a Startup is a Learning Experience”

If You Don’t Have Financing, Bootstrapping is the Solution and the Matrix’s Red Pill is your Best Medicine.

“Being from a Big Family Helped Me as an Entrepreneur”. An Explanation of the 3F’s (Family, Friends and Fools).

Venture Capital: a Simple Explanation about How to Finance your Startup

What is a Technology-Based Company?

What is Crowdfunding?

Mini-Notebooks “JoJaJo”, my First “Lean Startup”.

What is Lean Start Up?

“The Running of the Bulls”: a Source of Inspiration for Entrepreneurs

“Taking Aim”: a Key Factor in Geoactio’s Success Story

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