Blog Posts by Owen Linderholm

  • OnDeck Capital raises funding to expand its small business lending programs

    Business Loan

    OnDeck Capital is a company that makes loans to small businesses. Traditionally small businesses have gotten funding in a few straightforward ways. One is self-funding from the savings and bank accounts of owners and their friends and families. The second is with loans fro the government, the Small Business Adminsitration (SBA) to be specific. And the last is from the local bank. But there have always been real limitations to these source of funding. With self-funding the limit is obvious - the typical person has very limited resources to call on even when friends and family are factored in. The challenge with the SBA are strict rules about qualifying for the loans and a lengthy timetable - both of which can limit their usefulness in many cases. And finally, banks have become much ore rigid and gun-shy in their requirements for loans since the recent set of fiscal crises. Once these options are exhausted, where else can a business turn?

    OnDeck Capital is the oldest and largest of a

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  • Operation RangerUp: Crowdfunding to ensure the success of ex-military entrepreneurs

    RangerUp, is an online clothing and equipment store that describes itself in the following way: ‘We make shirts for the military and the patriotic Americans who love the men and women of the Armed Forces. The guys that own this company either were or are still in the military.

     

    We’ve written about them previously and their unusual approach to marketing. What we haven’t covered quite as much is the company’s devotion to its roots. The company hires ex-military personnel and does its best to support any veterans in its extended family of customers. And right now they are looking for some help as they put their money where their mouth is. RangerUp has launched a crowdfunding campaign to bring in veterans, train them, and help seed them as they launch their own small businesses.

    “Engaging veterans in entrepreneurship is good for society," says Ranger Up Founder and CEO Nick Palmisciano. "Small business is the driving force behind our economy and veterans succeed at it more than anyone,

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  • Run a cost analysis for your business as you start it up: Part 8 of the Smart and Simple Guide to Starting a Business

     

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    [This article is a piece of part 8 of our Smart and Simple Guide to Starting a Business - scroll to the end to see the other parts]

     

    Before you get stuck into working through this guide in earnest, take the time to read the companion article about costs and suppliers here. You should also read through the resources we have put together to give you more background.

    Time to get stuck in.

    Step One: List out you costs – all of them.

    This is the single most important thing you are going to do, because at this stage – before you have committed to anything - it is the way to stave off future financial problems by getting out ahead of them. So take you time and try to think of everything.

    You can copy the table at the end of this article and past it into a spreadsheet as a starting point.

    Break your costs up two ways (or more if that helps you) – at the very least into fixed and variable costs. These are the one-off costs that you need starting up, like a lease on a location, compared with

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  • Brad Hunstable, Ustream’s founder answers questions via live chat

    Got a question for Brad? Use the chat feature below to get it answered live.










































    Brad Hunstable founded Ustream more than six years ago with a vision to bring live broadcasting technology to the entire world; Ustream was originally created to connect military service members to family and friends across the world. Since then, the company has established itself as a socially-fueled communications platform for businesses, non-profit organizations, and individuals of any size to easily reach an infinite audience and share experiences in real-time.

    Brad serves as Ustream's CEO and has grown the company to more than 250 employees and 80 million users globally. He has been ranked among 50 "Digital Power Players" by the Hollywood Reporter and on Variety's Producers Guild of America's Digital 25: Visionaries, Innovators and Producers for his work at Ustream. Brad is a graduate of the United States Military Academy at West Point and holds an MBA from The Ohio State University.

    The Young Entrepreneur

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  • Announcing a live chat with Ustream Founder Brad Hunstable

    Brad HunstableUstream Founder Brad Hunstable will answer questions from readers at 3 p.m. ET (12 p.m. PT) here on Thursday, December 19th. As part of the Young Entrepreneur Council’s #StartupLab initiative, a virtual mentorship program, Brad will appear live via video chat broadcast on this site.

    Brad Hunstable founded Ustream more than six years ago with a vision to bring live broadcasting technology to the entire world; Ustream was originally created to connect military service members to family and friends across the world. Since then, the company has established itself as a socially-fueled communications platform for businesses, non-profit organizations, and individuals of any size to easily reach an infinite audience and share experiences in real-time.

    Brad serves as Ustream's CEO and has grown the company to more than 250 employees and 80 million users globally. He has been ranked among 50 "Digital Power Players" by the Hollywood Reporter and on Variety's Producers Guild of America's Digital 25:

    Read More »from Announcing a live chat with Ustream Founder Brad Hunstable
  • Sharam Fouladgar-Mercer, AirPR’s CEO answers questions via live chat

    Got a question for Sharam? Use the chat feature below to get it answered live.










































    Sharam Fouladgar-Mercer is the CEO of AirPR, a company he co-founded in 2011. He was an Entrepreneur in Residence at Shasta Ventures focused on consumer internet and the social graph. Prior to joining Shasta, Sharam was a Senior Associate at Sierra Ventures focused on consumer internet, enterprise software (cloud computing / virtualization), and mobile. He served as a Board Observer at Makara (sold to RedHat) and TouchCommerce. Sharam began his career as a technologist at Appian, a BPM software startup where he managed the first enterprise wide tracking system for the Department of Homeland Security. Sharam graduated with honors with a BS in Computer Science from Princeton University and an MBA from Harvard Business School. He played NCAA D1 ice hockey and is fluent in Farsi.

    StartupCollective is a free virtual mentorship program created by the Young Entrepreneur Council (YEC), an invite-only organization

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  • David Gardner, ColorJar Founder, answers questions via live chat

    Here are the highlights from the live chat with David Gardner.




    David Gardner is the Co-Founder of ColorJar, a digital agency that specializes in positioning strategy and creating custom websites and apps. David was honored at the White House in 2011 as one of the Empact100 'Top 100 Entrepreneurs Under 30 Years Old'. In 2013, David was elected a World Economic Forum Global Shaper. He is a mentor for Tech Stars Chicago and Impact Engine and speaks nationally on positioning strategy and entrepreneurship at places like Google, IBM, Notre Dame, and C-E-O. He previously founded an India-based startup that received an acquisition offer from AOL. David was an All-Ivy League basketball player and two-time team MVP for Dartmouth, and went on to play professionally in Germany.

    The Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world's most promising young entrepreneurs. In partnership with Citi, YEC recently launched StartupCollective, a free virtual mentorship

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  • Ruben Gamez, Bidsketch Founder answers questions via live chat

    Here are the highlights from the live chat with Ruben Gamez.

     

     

     

    Ruben Gamez is the founder of Bidsketch, a web app that is used by freelancers, consultants, and agencies to create professional looking client proposals. With a shoestring budget, he founded Bidsketch as a single person company in south Florida in November of 2009. Originally a software developer, Ruben bootstrapped Bidsketch while working full time and was quickly able to grow it into a profitable business. Since 2009, Bidsketch has grown to serve over 1,000 customers who have won almost $200 million with Bidsketch proposals.

    #StartupLab is a free virtual mentorship program created by The Young Entrepreneur Council (YEC), an invite-only organization comprised of hundreds of America’s most successful young entrepreneurs. #StartupLab takes YEC's mission to help more people start successful businesses to the next level by offering millions of entrepreneurs direct access to YEC members through interactive video chats, email

    Read More »from Ruben Gamez, Bidsketch Founder answers questions via live chat
  • Announcing a live chat with Bidsketch Founder Ruben Gamez

    Bidsketch Founder Ruben Gamez will answer questions from readers at 3 p.m. ET (12 p.m. PT) Thursday, November 21st her on the Young Entrepreneurs blog. Ruben will appear live via video chat broadcast as part of the Young Entrepreneur Council’s #StartupLab initiative, a mentorship program.


    Ruben Gamez is the founder of Bidsketch, a web app that is used by freelancers, consultants, and agencies to create professional looking client proposals. With a shoestring budget, he founded Bidsketch as a single person company in south Florida in November of 2009. Originally a software developer, Ruben bootstrapped Bidsketch while working full time and was quickly able to grow it into a profitable business. Since 2009, Bidsketch has grown to serve over 1,000 customers who have won almost $200 million with Bidsketch proposals.

    #StartupLab is a free virtual mentorship program created by The Young Entrepreneur Council (YEC), an invite-only organization comprised of hundreds of America’s most successful

    Read More »from Announcing a live chat with Bidsketch Founder Ruben Gamez
  • Kelsey Meyer, Influence & Co. Co-Founder answers questions via live chat

    Highlights from the live chat with Kelsey Meyer

     

     

     

    Influence & Co. which assists individuals and companies in growing their influence and credibility online through thought leadership and content marketing. Kelsey is very passionate about building entrepreneurial communities. She was the original Director of The League of Innovators an entrepreneurial organization in Columbia, MO and the lead organizer for Startup Weekend Columbia 2011. Kelsey enjoys speaking with other entrepreneurs, mentoring young entrepreneurs and golf.

    #StartupLab is a free virtual mentorship program created by The Young Entrepreneur Council (YEC), an invite-only organization comprised of hundreds of America’s most successful young entrepreneurs. #StartupLab takes YEC's mission to help more people start successful businesses to the next level by offering millions of entrepreneurs direct access to YEC members through interactive video chats, email lessons and a library of how-to articles, videos and eBooks. Whether

    Read More »from Kelsey Meyer, Influence & Co. Co-Founder answers questions via live chat

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