Raising capital

Raising Capital Isn’t the Objective

The glamor associated with raising angel or venture capital for startups is a far cry from reality.  For every outrageous funding round (see: Uber) there are hundreds of thousands of entrepreneurs who are fighting tooth and nail to finance their company with outside capital.  So before embarking on this journey, keep in mind the following: 1. Do You Need to Raise Capital? Not all businesses require outside financing.  As my partner Nick always says, “Do you know what non-startups call…
startup linkability

Likeability with startups

Current Minnesota Senator Al Franken was a satirical self-help talk show host named Stuart Smalley. That opening sentence is 100% true and ridiculous. Smalley had a catchphrase that's been repeated too many times by too many people who aren't funny: "I'm good enough, I'm smart enough and doggone it people like me." Though the character was a satirical self-help host,  I have adapted it to be my actual credo when choosing who to work with. "I don't know if you…
Vote for Packback and Bucketfeet in the Moxie Awards

Vote for Packback and Bucketfeet in the Moxie Awards

FarShore is excited to announce two of our partner companies, BucketFeet and Packback, are finalists in BuiltIn Chicago’s 2014 Moxie Awards.   Digital textbook rental company Packback, as seen on SharkTank, was nominated for three awards: Best Consumer Web Startup, Startup of the Year and Best Startup Founder or Co-Founders (Mike Shannon, Kasey Gandham and Jessica Tenuta). Artist-designed footwear retailer Bucketfeet is also in the running for Best Consumer Web Startup.   Cast your vote here. The ballot closes June…
Facebook’s F8 announcements

Facebook’s F8 announcements and what they mean for startups

Facebook showcased a deep commitment to the mobile ecosystem at its F8 developer conference last week, revealing a whole host of new tools and programs. With these initiatives, Mark Zuckerberg emphasized, the company will focus on "putting people first."   But what's in it for startups, exactly? Here are four of the new features and how developers and brands can take advantage of them.   1. Audience Network = Access to More Customers. With the Audience Network expansion, advertisers can…
10 Tools for E-Commerce Entrepreneurs

10 Tools Every Serious E-Commerce Entrepreneur Should be Using

If you’re like most entrepreneurs, odds are your eyes are always peeled for new tools to increase conversion, lower costs, and better handle e-commerce conversion. Below, find a list of 10 such services. 1. Curebit—Curebit is widely regarded as the best referral-marketing tool. In minutes, you can set up campaigns to allow existing customers to refer friends for rewards. The entire process is painless—and most shopping cart platforms can be integrated without any coding. 2. EasyPost—Easypost is the Stripe of shipping. You’ll…
You’re not the next Warby Parker

You’re not the next Warby Parker

It seems like every apparel startup that launches claims they’re “disruptive” and it’s Warby Parker’s fault. Since their launch in 2010, there’s been a swell in direct-to-consumer, online retailers who characterize themselves as a disruptive. I’d hardly call vertical apparel innovative. Warby Parker works because it is in a highly specialized market. You’ve probably heard the story. Luxxotica basically had a monopoly in glasses because they own Oakley and Ray Bans and manufacture frames for big name designers. Enter Warby…