Recently I interviewed 14 Cornell undergrads and MBA students who have started (or about to start) companies while students. Stay tuned in to hear what they have to say. Meanwhile, here is one Hotelie that is on the move.
Today’s topic is Funding. Cornell students may not be the poorest entrepreneurs around but funding a company usually isn’t part of their “financial package.”
Karim Abouelnaga ’13 – CEO, founder – Practice Makes Perfect Inc., has published an article with Young Entrepreneur about this very topic. His “6 Ways to Land Start-Up Funding on Campus” illuminated topics like; “bootstrap, pivot, bootstrap” where when your initial start-up budget seems out of reach, change enough to get to that minimally viable product and keep going, “tap your network” and “try something unconventional” – to raise awareness for the company. He runs triathlons under the company banner. The sponsorships are not only monetary he says. They often turn into advice and interested people that follow the progress – read as “eyeballs” – of his company that in a social media world translates to more value than just the initial sponsor money.
You’ll hear more from Karim as we rope him into writing for E@D. Meanwhile, check out Karim’s articles at Young Entrepreneur.