Usually is more confortable to receive confirmation, but knowing what we do wrong is what it’s going to make us better. So we are asking the online entrepreneurs and those who aspire to become one of them to provide us with some DONT’s and STOP DOING’s.

Seedmoney was created for entrepreneurs and we want to know your opinion so that we can really make a contribution.

You can leave a comment here or you can join the other conversations we started on this topic:

Twitter

Facebook

Thank you all!

TWIP, real time collaboration, return on investment, Break Even, Development Plan…

Those were the words we expected to hear in the first SeedMoney meeting. However, it was not quite like we expected. Vlad seemed to be more interested in our professional background and our vision on TWIP – not in the financial estimation on our project. Regarding cash flow, we were asked only two question: “How much money do you need?” and “How soon can you break even ?”. No details, no charts, no profit and loss estimates. No bullshit.

Following that, we had a more technical meeting with two of Vlad’s collaborators. They challenged our concept, they gave us good ideas and suggested various approaches on how to achieve real-time collaboration. It was constructive feedback in an informal discusiion more than it was a job interview.
In less than 2 weeks, we were told we got the investment. It was a boost of our self-confidence, but the actual challenge of our start-up was only about to begin. Now we had the resources we needed at our disposal – we knew there was a lot of hard work ahead.

You need more than money to start-up a project. You need trust, enthusiasm, fresh ideas, networking and a lot of courage. SeedMoney invested all of the above in our initiative. A business cannot start by itself, it needs to be fed somehow, at least until you hit the market.

If right now you’re preparing your pitch for SeedMoney – think about the money, but don’t focus on that. Develop on how and why and when your idea is going to become your success. Don’t oversee the details, but don’t lose your vision either. These guys really care about that.

Work on your concept and learn to trust it. Learn to trust yourself. Be honest. We did and it worked out for us @ SeedMoney!

 
Cristian Andreica
Co-Founder Ninth Prime Technologies
Web: www.ninth-prime.com

Today, at 3 p.m. on Twitter, we published a first investment @seedmoney for 2009: TWIP, a project developed by @bogdanbocse & @acristian. For details, please click here.

Media:
Startups.ro, Dailybusiness.ro

Good Luck!

Yesterday, at Crazy Pawn on Floreasca BLD (Calea Floreasca) the first Seed Money party took place – London style (more people outside the bar than inside) – celebrating our first partners. It started at 7 p.m., but as we were siging “We are the champions” in karaoke show we realized is was 1.30 a.m. We had a great time and we promise that is just the beginning of a “work hard – party even harder” relationship.
One thing we’ve realized: attraction laws are really working…

This afternoon, at 4 p.m. will announce on Twitter the first couple of projects financed by Seed Money. Together with the entrepreneurs of these projects we just wait to answer your questions on Twitter.

After the official launch on Thursday evening, wich took place at web-club, we were well surprised at the big number of entrepreneurs that were interested in obtaining a SeedMoney financing.
Leaving aside the inherent misunderstandings (which varied from proposals of real estate collaborations to people trying to get hired) we were impressed by the numerous projects and their variety. In our opinion, this proves, once again, that Romania has a great entrepreneurial potential and, soon, we’ll surely see big online Romanian projects.
Thank you for your interest!

Email us a short  overview of your project, or even a video. For detailed information on elevator pitch click here.