Welcome!

Release Management Authors: Pat Romanski, Elizabeth White, David H Deans, Liz McMillan, Jnan Dash

Related Topics: Release Management , Agile Computing

Release Management : Blog Feed Post

Funding and Revenue = Chicken and Egg

Types of financing that may be available for today’s technology entrepreneur

Over the past quarter I have been investigating different types of financing that may be available for today’s technology entrepreneur.  I looked at this challenge from the perspective of a brand new software company ready with their first product and preparing to enter the marketplace.   Here is the summary of my research:

You are on your own until you are earning money
I’m sure that this is no surprise, but many of the entrepreneurs I meet have their hopes set on raising an Angel round to get over the start up hump. Traditionally Angel investors believed in teams of people and their ideas.  They invested small amounts frequently and spread their risk over many opportunities.  This environment is changing.  Angels are congregating into groups and those groups are aggregating money and looking for the one big win.  According to several senior advisers I met during my research, the investment flow into pre-revenue companies has nearly stopped.

We all know that getting a business off the ground is expensive and time consuming.  It’s difficult to be a part time entrepreneur and being full time means you have $100k of your own money in the bank to pay the mortgage & expenses.  Unfortunately that’s not the case for most entrepreneurs.  So you have to be creative. You have to set your expectations properly and you have to do what it takes in the short run to get to the goal you set.

What are the alternatives you may ask?   I think that you have a couple choices.  If you already have a job, then you should keep that job to maintain an income.  You’ll spend your weekends and after work hours on your start up and you’ll build the business to a point where you can extract enough revenue to pay the bills.  You may also borrow money from friends and family to pay for the big start up expenses and marketing expenses so that you can turn the corner and build revenue.

The second option is to be a part time consultant while you are a part time entrepreneur.  This option seems more attractive, but in reality is very difficult.  As a consultant you have to go out and find business, and there may not be any business for the services your provide.  You also have to manage all the aspects of that business like marketing, time keeping, billing, etc. This puts you in the position where you are building two businesses.  Not impossible, but difficult for sure.

There is a bright side to all of this, ownership.  By going at it alone you and your team own 100% of your business.  You will retain control over the vision and direction of the company.

Thus, just like Joe the Plumber, Mike’s Pizza shop and Sally’s Beauty Salon, we as technology entrepreneurs are now forced to learn how to make it on our own.

Read the original blog entry...

More Stories By David Abramowski

David Abramowski is a technologist turned product leader. David was a co-founder of Morph Labs, one of the first Platform as a Service plays on AWS. He was the GM for Parallels Virtuozzo containers, enterprise business, and most recently he is the leader of the product marketing team for the IT Operations Management solutions at the hyper growth SaaS company, ServiceNow.

IoT & Smart Cities Stories
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to great conferences, helping you discover new conferences and increase your return on investment.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
SYS-CON Events announced today that Silicon India has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Published in Silicon Valley, Silicon India magazine is the premiere platform for CIOs to discuss their innovative enterprise solutions and allows IT vendors to learn about new solutions that can help grow their business.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.