Category Archives: Finance

How I Raised Millions for my Startup @ CSUF Startup Incubator

Tony Wong, Founder of Badu Networks, pickFlick, and will become a presenter at the CSUF Startup Incubator on August 10 when he discusses how he raised more than $4M for his most recent startup.

Tony Wong, Founder of Badu Networks, pickFlick, and will become a presenter at the CSUF Startup Incubator on August 10 when he discusses how he raised more than $4M for his most recent startup.

This is a tale of a current software startup and all that it’s done and still doing to raise capital. This talk will not sugarcoat anything, it’s the story of the real life startup grind. The company I’ve riased this money for is Badu Networks, a tech company that develops wifi solutions, and it has been around for 2.5 years and has raised $4.5M all from family, friends, and Angels without having any revenue. We’re nowhere near being successful.

Hear what’s worked and what hasn’t. This is real life, right now stuff!

Join us at the CSUF Startup Incubator on August 10 to see this awesome talk.

More about the speaker, Tony Wong:

Tony has a unique set of skills and proven accomplishments based on a broad range of functional roles and industries. He has contributed to companies as small as Firmgreen, Inc. (alternative fuel) and Morphotrak (bio-metric systems formally called Printrak) to large Fortune 125 companies that includes Apple Computer, HP, Sun Microsystem, Gateway Computer, Black & Decker, and 3M.

In 2013 Tony authored and published a career advice book for young and mid-career professionals to help them mooove ahead, soooner. The book is called “Mooove Ahead! of the corporate herd”. The ebook version is available at Amazon.com, Apple iBookstore, Barnes&Noble.com, and the paperback version at Lulu.com. All proceeds continues to be given to charities (that deal with helping kids, pets, and curing cancer).

Tony recently co-founded a software startup, Badu Networks, Inc. Badu has developed technologies (patent-pending) that will push (and hopefully disrupt) several industries. Badu can significantly and easily increase wireless (cellular, WiFi) throughput.


#CSUFEntrepreneur #CSUFStartup

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What every Startup needs to know about Bookkeeping @ CSUF Startup Incubator

Karla Amador

Karla Amador

Karla Amador is the CEO of Thrive Financial and Bookkeeping Services and is a sponsor of a scholarship for CSUF Entrepreneurship. At this talk Karla will discuss the different aspects of keeping books for a startup with a special focus on QuickBooks.

We hope to see you at the CSUF Startup Incubator!!!

More about Karla:

Thrive is a cloud bookkeeping and financial services firm that specializes in QuickBooks and works with businesses that outsource their financial needs.

They maintain clients’ books, including managing a company’s cash flow, A/P, A/R, billing, collections, reconciliations, financial reporting, sales tax management/filing, and more.

Their client industries include, real estate, special event, construction, consulting firms, venues and asset management companies.

Karla sets up, manages and trains on Quickbooks, collections, forecasting, budgets, A/P, A/R, payroll, record-keeping and billing. Her expertise also includes reconciliations, chart of accounts, cost accounting, journal entries, sales tax and maintenance.

A percentage of all sales go to a scholarship fund to help a deserving individual pay for college costs.

We believe in helping our clients and community Thrive! A percentage of all sales go to a scholarship fund to help a deserving individual pay for college costs.

What every Startup needs to know about Bookkeeping @ CSUF Startup Incubator

Wednesday, Feb 24, 2016, 6:00 PM

CSUF Startup Incubator
120 South Bradford Avenue Placentia, CA

2 Entrepreneurs Attending

Karla Amador is the CEO of Thrive Financial and Bookkeeping Services and is a sponsor of a scholarship for CSUF Entrepreneurship. At this talk Karla will discuss the different aspects of keeping books for a startup with a special focus on QuickBooks.We hope to see you at the CSUF Startup Incubator!!!More about Karla:Thrive is a cloud bookkeeping…

Check out this Meetup →

Continue reading

Guide to QuickBooks [EVENT]

Cal State Fullerton’s Mihaylo College of Business & Economics and the SBDC
are partnering to offer a Hands-On Beginners Guide to QuickBooks session. Learn how to be  more efficient and simplify your bookkeeping using QuickBooks Accounting Software. This seminar will demonstrate functions useful for daily operations in your small business. Items
covered:

  1. Introduction to Financial Management
  2. Why Accounts are Important
  3. Getting Started with QuickBooks
  4. Managing Sales & Customers
  5. Managing Expenses & Vendors
  6. An Overview of Reports
  7. Next Steps…

To RSVP please go here: https://goo.gl/znvXcy Continue reading

Financing the Startup – CSUF Startup Incubator Event

Click to RSVP For the Financing the Startup Event

Click to RSVP For the Financing the Startup Event

Whenever we host an event at the CSUF Startup Incubator our goal is to educate all in attendance. After working with entrepreneurs for years I can safely say that the area of raising investment capital is one of those areas that entrepreneurs need the most education on.

Many of the entrepreneurs I have talked with think that they need to get funded by an Angel or a VC before they can start their company. That’s absolutely true for some companies and other companies will need investments along the way to fund growth. But the vast (vast, vast, vast, vast, vast…) majority of companies do not receive funding from Angels or VCs. As Director Jackson would put it, “That’s rarefied air.” That’s certainly true.

So, what is a budding entrepreneur to do? Fear not, we’re hosting an event this Wednesday at 6pm at the Incubator in Placentia that deals with this subject. Titled “Financing the Startup” (I think someone thought that it sounded like the movie title “Romancing the Stone” and that similarity was funny), Director John Bradley Jackson will give an overview of the financing landscape for startup entrepreneurs and provide some insights into how best to raise money.

This event, like all of our others (so far… we have to put that little bit in there for legal reasons, I think) will be free. Come and join us and maybe you’ll learn how to fund your startup! What do you have to lose?

#CSUFEntrepreneur

More info on CSUF Center for Entrepreneurship: http://bit.ly/CSUFEntrepreneurship

#CSUFStartup

More info on CSUF Startup Incubator: http://bit.ly/csufstartup

More events: http://bit.ly/CSUFEntrepreneurEvent

State Farm Career Information Seminar

If you want to pursue a career in insurance and own your own business then you should definitely check out The State Farm Agency Career Information Seminar on Wednesday, Octboer 17th. This event will take place from 6:00 to 8:00pm at:

Brea Agency Field Office
915 W. Imperial Hwy. Ste 170
Brea, CA 92821

Refreshments will be served at this event but seating is limited so it is important that you RSVP soon. To RSVP please call (949) 697-1541 or send an email to theresa.brown.u8oa@StateFarm.com to reserve a seat.

For more information please click on this link: Oct 17th In-House Seminar.

Entrepreneurship, Accounting and the Bottom Line

Today we have a special treat. Our friends over at the Business Development and Entrepreneurship Club, Irvine are letting us reprint one of their recent articles. This particular article was written by Paul Fairfield and it’s full of ruminations on accounting and it’s relationship with entrepreneurship. After you are done reading this article you should check out this post we previously republished from BDEC.

Every last penny counts

Accounting and Entrepreneurship – Joined at the Tongue (Not in the Gross Way)

I have long regarded accounting to be the language of business. We hear it all the time. Whether you talk to a business owner, a CEO, or an investor; whether the business is a service, a manufacturer, or a retail outfit; it’s always all about the emotionless “bottom line.”

I love that term. I love it in part because it’s so ambiguous. The bottom line for one person could be Net Income, for another, Net Worth. It could be EBITDA, ROI, or EPS. But no matter what it could be, the bottom line always is a number. It’s a number that was calculated, reported, and verified by accountants. Marketing tries to predict it, operations tries to create it, finance tries to affect it, but accounting determines it.

I also love the term because, for all its ambiguity, the bottom line is what business decisions are made of. Every loosey-goosey product design, every fluffy marketing campaign, every fuzzy idea, is boiled down (by accounting) to a cold number that businessmen use to take action, to go, to stop, to buy, sell, wait, for how long, or how much.

Entrepreneurs are those who take the fuzziest ideas and turn them in to clear financial models. The really talented ones do this automatically, but most have to work on the translation from English to business. It is in the community of entrepreneurship where new business is born, where new wealth is generated, and where the bottom line is the top of everyone’s list. And, yes, where business is spoken conversationally. It should be no surprise then, that accountants who join this community fit right in because they are already fluent in the local language.

[image: puuikibeach]

Fund a New Business Concept with Kickstarter

Got a great new idea for a venture and need some money to get it going? Consider Kickstarter.

Kickstarter (http://www.kickstarter.com/) is a web based funding platform focused on a broad spectrum of creative projects. The hope is to fund projects like albums, films, and specific works of art, science or business with real business models. The projects to be funded need to have clearly defined goals and expectations. Examples include art, comics, dance, design, fashion, film, food, games, music, photography, publishing, technology, and theater.

The Kickstarter community is the crowd that votes for its support of the business concept. Most common projects on Kickstarter are for smaller projects that raise $5,000 or less. Great business concepts inspire people from the community to open their wallets and help the ideas become reality. It starts with the concept as presented by the entrepreneur. When and if so inspired, individuals in the community can pledge to support the idea. If enough pledges are secured, the community funds the idea.

How cool is that?

John Bradley Jackson
Director, Center for Entrepreneurship
jjackson@fulleton.edu