Show Me The Money November 28, 2012

Like the famous words spoken by Tom Cruise in the film Jerry Maguire, “Show me the money!” is a phrase we are all familiar with. Everyone wants to know how to make a profit, where the money will come from, and how much they can gain.
Statistics reveal that 90% of startups close down in the 1st year alone due to the lack of funding. This triggers a constant battle to stay afloat and generate income for oneself. With advancement of the net and various public & private initiatives, there are actually quite a few ways Startups can raise that crucial funding to get off the ground. TechMeetups is bringing you a workshop to cover various ways that you as a Startup can raise that important seed funding to get your business off the ground.
Experts and pioneers in startup finance will be joining us to help you understand which investment options are best for your business, whatever stage you’re at. Our first presenter will be Andrew Lockley.
Andrew Lockley has his own successful company as a business angel. In this Masterclass, he will share his views with you about raising money. Here’s what to expect:
1. Andrew feels that you should take money from customers not investors for as long as you can.
2. Investment can really stifle your hunger for customer acquisition and, if that happens, are you really running a business?
3. Alternatives to raising funds: offer a service and develop your code base this way, build your product behind.
4. Alternatives to raising funds include managing cashflow better: pay slow, get paid quicker.
5. Cut your costs – £1 saved = £1 on the bottom line. This is unlike sales where you need to pay out a cost per acquisition so £3 of sales = £1 on the bottom line.
6. If you do raise investment choose investor first, investment second. Very importantly: don’t waste money raising rubbish tech! Do your research.
Our second presentation will be done by Howard Weintrob and David Myserson of Jeffreys Henry LLP

Speakers' Bio

Howard Weintrob is Chartered Tax Adviser with over 25 years of experience at accountancy firm Jeffreys Henry LLP. Howard advises on the whole spectrum of both personal and corporate tax including the Seed Enterprise Investment Scheme (SEIS), Enterprise Investment Scheme (EIS), Patent Box and Enterprise Management Incentive (EMI).

David Myerson is a Chartered Accountant at accountancy firm Jeffreys Henry LLP. David has built up significant experience in advising local technology companies and provides pro-active guidance on a range of accounting, audit and tax matters.

Our Event Sponsor

Based in the heart of London’s Silicon Roundabout, Jeffreys Henry LLP is an award-winning provider of accountancy, audit, tax and advisory services with over 20 years of experience in advising some of the UK’s most progressive technology companies. Over the years, their clients have included Bebo, Smarta, Dot Digital Group, Opsware and Ticket Tailor in addition to a number of software developers, hardware manufacturers, digital production agencies, gaming, apps, social media and creative businesses. Find out how they can help you at
http://www.jeffreyshenry.com/our-services/accountants-technology-digital-companies

Official Website: http://techmeetups.com/workshop-show-me-the-money/