Business Mentoring Series – Finding Funding to Launch a Startup


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Last week, on the Business Mentoring Show, Jesse Maddox talked with Fran how persistence and determination led him to the “lucky” breaks that helped him launch his company. This week, he walks Fran through TripLingo’s first year of existence.

Getting a check for $100,000 in seed money might sound like a lot—but it doesn’t go very far with a team of six people. Finding more funding was an important priority to get TripLingo off the ground. The company’s first year was spent building the first version of the product and getting it on different platforms; the second year was trying to raise a Series A round of venture capital. After a year of hard work, TripLingo raised $915,000, setting the stage for further growth.

More from Jesse and Fran: Setting Yourself Up for Success

In this session, you’ll learn:

  • How to keep a team together when the money runs tight
  • How to adapt your plan to your market
  • How money from friends and family differs from investor money

See a preview below.

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Edwin Bevens

Edwin Bevens

Edwin Bevens is the Head Writer and Editor for Tarkenton Companies, and the Editor of With a background in journalism and publishing, Edwin received a 2008 South Carolina Press Association Award for reporting. Developing, producing, and maintaining content across multiple websites, Edwin focuses on helping small business owners find the right match of voice, audience, and medium for every message.