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Showing posts from March, 2024

What do you wish to get out of this class?

 When I signed up for the class I thought it was going to be related to the name of the class, Entrepreneurship in computing and Software Systems. I was expecting the class to focus on discussion of new technologies and how they could be implemented from an entrepreneurial perspective. Now that I know that the class is more focused on developing any ideas we have I want to better understand what to do in the first stages of execution. We are going over how a business plan is needed to provide a road map for the company and get the details written on paper which has taught me things about my business that I hadn't accounted for. If I could get anything out of this class it would be learning how to identify and recruit the people that I need to start a business that is out of my own capabilities. For example when I had the idea to start a VR company it was a great product that I had imagined but it would be impossible for me to build it by myself. I would need to recruit really sophi

Startup Grants

 The University of Washington hosts an event called dubpitch which happens twice a year and allows groups to give a 10 minute pitch. As of now they have raised over 1 billion in funding and it looks like 50% of the pitches lead to meetings with investors. Another grant is the Venmo Small Business Grant which gives 10,000 dollars to 20 different companies every year. The minimum requirements are that the company has less then 10 employees and done $500 in revenue in the last 3 months. It also requires that you have a Venmo business account in good standing.  I think that the best way for me to use a grant is if I want to avoid giving up equity early on in the development and financing stages. They are also a great way raise capital because they are less stressful than borrowing money from friends or family or taking a loan from the bank. I think the entrepreneurship program at the Seattle campus should set up a deal with the state where each entrepreneur team or project is guaranteed a