Bruce Croxon
| Name | Bruce Croxon |
|---|---|
| Bio | Co-founder of Lavalife, investor on Dragons' Den |
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What is the best piece of business advice you have ever received?
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thought about this for awhile…i guess it would be to talk less and listen more..generic i know but no one person knows it all, especially with how fast info is moving today… gotta go guys…thanks for the q’s…hope sprouter has me back ….KEEP GRINDING !!!!!
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What's the best way to do a slide deck for an investor? Is there a standard format to adhere to?
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depends on the investor…older guys with $ still ove the printed power point
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How important is it to have existing relationships with investors before you approach them to get involved with your company?
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always helpful because you get the ‘ dont know this guys ability or core values ’ question out of the way…assuming you didnt egg the guys house on halloween or something
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What are areas/segments that you believe are still ripe for VC investment and that you are keeping an eye on?
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i think tech is back !!
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What types of companies are you most excited about right now?
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software as a service + all things digital
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How should I prepare a financial forecast for a potential investor when we haven't launched yet? What are the essential things to include and how can we make estimates without precedent data?
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very tough…see my previous comments re best time to raise $
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I have a 3 months left in cash after 9 months of self funding. I have 4 beta clients that could sign a deal in time before I run out which will put me back in the black. Is this the most gut wrenching part of a startup because I'm losing focus and considering redirecting my focus to angel investing. Hang in there or seek help?
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yes…that is gut wrenching…if you believe, push them hard…if they done topple then your idea may be too tough to get there
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Was there ever a point when you got scared to be too big?
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no
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A VC raised concern regarding my lack of prior C-Level experience. I have management experience, and worked for a couple of startup prior to bootstrapping my current venture. Is this the general VC screening method or an isolated incidence? Do I really need to bring on a MBA on to bring
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dont know what c level means …i was a c student…?? there are a lot of mba’s working for c students like me…move on
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When is the right time to try and get investors for your business? (i.e. after building a buzz)
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the perfect time is when you have proven out a concept in terms of customer acquisition and you just need more money to continue along the path you have already proven…a lot of the risk has gone out of the idea at this poiint…investors like that
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