Crowdfunding: The collective effort of individuals who network and pool their money, usually via the Internet, to support efforts initiated by other people or organizations.
We all keep hearing all the stories about how companies have been successful at raising money through Crowdfunding. The new JOBS Act also has provisions that will allow entrepreneurs to open the fundraising to more people. In any case, where does one go to find the crowd and how does one get them to part with their cash?
When people think of innovation and entrepreneurship in New York City, they often think about the tech startups in Silicon Alley. Or possibly companies catering to foodies with artisanal ice cream or high-end food trucks serving a mash-up of cuisines (think kimchi tacos). However, one of New York’s (and the country’s) most innovative small businesses is Red Rabbit, which provides healthy meals, made from scratch, with regionally sourced produce, to the City’s schools.
In my previous blog posts, I have discussed the two main benefits from doing an MBA at a top business school for the purpose of starting your own business – reputation and network. This post will focus more on the specific skills, techniques and lessons that I learned during my MBA Iand found just as valuable while developing my startup, Flat-Club from an idea to a growing company.
When I think of business school and the MBA program, I always take a step back and say to myself, “what am I supposed to be learning here?” I have long been under the impression that obtaining an MBA is also accompanied by a plaque that reads “Master of the Universe.” Now while you may not receive a plaque, if you navigate B-school correctly, you will have the tools to be the master of a universe. Your own.