We understand that the funding landscape can be tricky for startups to navigate. Some funders are willing to get behind very early-stage startups, while others are much less inclined to do so. To effectively manage your fundraising efforts, it’s helpful to begin by assessing what stage your startup is currently in. With this information, you
For any startup, generating that first dollar is a huge milestone. Revenue signals to investors that a company is helping to solve a problem in the market, and even more importantly, that people are willing to pay for that solution. If you are an entrepreneur that has reached this point, we truly applaud you—many startups
On Thursday, January 12, JumpStart hosted an IP workshop with Isaac Molnar, Assistant Attorney General and Intellectual Property Counsel, Business Counsel Unit for the State of Ohio. This program focused on issues unique to web-based/software/app-based (“IT”) companies. The first topic, Intellectual property or IP, refers to trademark, trade secrets, patent and copyright law. Each of these
Your business is growing and so is the workload. At this point, your young startup is likely seeking additional bandwidth, new skills and maybe even a fresh perspective. All of which can be obtained by adding a new member to the team. Hiring your first employee is huge step forward for your company, but that
You’ve likely heard it before, “think of the marketing and sales cycle as a funnel.” But what does that actually mean, and how can you apply an understanding of this funnel to help generate paying customers? Let’s start by considering the funnel’s basic goal and identifying the stages of the sales cycle that help you
Driven by the rarity of the disease and the fact that there were no viable therapies on the market, Al Hawkins set out on a mission to enhance the lives of patients diagnosed with debilitating and incurable muscular dystrophies. In 2012, he founded Milo Biotechnology, a clinical-stage startup working to develop gene therapies to treat
Entrepreneurship can be exciting and rewarding. But the long hours and high stress can take a real toll—on you and the people who care about you. On Tuesday, December 6, JumpStart invited entrepreneurs and their families to the Great Lakes Science Center for an honest discussion about the sacrifices they make on a daily basis.
Sometimes entrepreneurs go into investor meetings expecting a “Shark Tank” experience. In reality, the typical investment process is quite different. That’s because unlike Mr. Wonderful, JumpStart, and most other venture capital firms, are not positioned to bring forth a term sheet within minutes of learning about your business. When we initially meet with a company,
In the beginning, startups are all about the idea. But young ventures grow quickly, and financials can get complicated fast. Get caught snoozing on your financial practices and you’ll find it much harder to demand a fair valuation, or raise the capital you need to keep growing. On Thursday, October 27 JumpStart hosted a conversation
With the launch of our three new investment funds, we have received hundreds of exciting applications from startups all across the country who are looking for the capital they need to grow. So far, the screening process has been a fantastic experience for our team! However, one theme we have picked up on is that
Are you familiar with the Cleveland Health-Tech Corridor (HTC) and the tremendous opportunities it offers innovative biomedical, healthcare and technology companies? In 2010, the HTC was founded through a joint effort by BioEnterprise, The Cleveland Foundation, The City of Cleveland and MidTown Cleveland to provide suitable space to house the growing number of health-tech and
Whether you are job-seeking, looking for mentors or simply interested in forming new connections, you’ve heard time and time again how important it is to network and attend industry events. However, are you networking effectively, and maximizing your time at these gatherings? Here are seven tips for getting the most out of networking events: 1.