Looking at raising money for a start-up or any new tech is, to put it mildly, hair-raising. There are so many options such as bootstrapping, angel investors, VCs or begging friends and family. There is also another way called crowdfunding, and this is how you can raise money in a fairly low risk way. So, let’s explore how you can raise money for that new tech while you’re still in university.
Incubator? Why call it something with such infantile connotations? Well, let us consider that some of the richest startup founders out there are not yet 30 years old, and that people like Paypal co-founder Peter Thiel are willing to bet millions on inventors who are not yet 20 years old. From these facts it becomes apparent that youth seems to be a great commodity in the world of tech startups. Also, it is perhaps beneficial to “nurture” startups in a way that is controlled and ensures that they will best reach their potential. Let’s take a look at the benefits of incubators for startups/new tech:
The future of the U.S. economy is being built around entrepreneurship and innovation. If an economy grows worse with jobs becoming scarcer, you’ll find more people willing to take the risk to try to start their own company. In the U.S. this startup revolution is reinventing the economy and reshaping business as we know it, but more importantly, changing the quality of life around the entire world.
Why wouldn’t you want to build a Start-up / New Tech company when opportunity is knocking on your door? Here are 5 conditions that make it more favorable to create a Start-up / New Tech company: