What Financial Services are Needed by the Web Community?
One trend that is abundantly clear when one, or a select group of people suddenly have an influx of income, is that they mismanage those funds. These issues apply to athletes, entertainers, lottery winners, and start up companies; just to name a few. An excellent post in The Funded’s advice section titled “Pick the First Investors REALLY Wisely” states:
Your first investors in the angel round or Series A will set the tone for your business and all of your fundraising going forward in a big way. These investors will be your long-term partners in any future funding event, helping your company secure future rounds, or, in the worst case, sabotaging future rounds through indecision or desire for control.
Unfortunately, the discussion on this topic continues behind closed doors but the knowledge to be gained is invaluable across business sectors.
My experience in business has taught me that it is imperative to focus on a community and offer the service and products that will benefit them, not you. I have learned that many of the young entrepreneurs in the web community want to maintain their creative control, while having access to office resources, health benefits, and capital when needed. This is just a short list but I ask you, the web community, what financial services do you need?
Technorati Tags: Banking, community, entrepreneur, Financing, service, startup company
Posted on May 12th, 2007 | By: bootstrap economist | Filed under Banking
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