Charles River Ventures announced today a new investing model called QuickStart.
The new model is the first attempt to modernize investing in today’s low barrier world. As we all know, these days it’s really easy to start with a small idea and be able to execute it without a big investment. The big world wide web lets entrepreneurs have unlimited reach to millions of individuals, with fairly low costs.
With this point in mind, CRV wants to help those individuals who are in early stages of execution, not by forcing millions on them, but by starting offering small loans of anywhere up to $250,000 and requiring little equity dilution.
CRV will work closely with the new company to help them get Series A funding, but beforehand, they will help you register your company as a corporation. What does that mean for you, the entrepreneur? By owning a corporation, you will have limited liability meaning if the company goes under or it gets sued, the owners can’t be held liable for any outstanding debts the company has. It will just go bankrupt. Still, not the best outcome for any entrepreneur, but at least he or she is safe. For those of you that are new to business, that is probably the biggest difference (other than tax rates) between a corporation and a sole proprietorship (or partnership for that matter).
Do you have a great idea, but need help executing it? I do and I may give CRV a call.
Grant
November 1st, 2006 »This is a really Great idea, thanks for the link! what are you trying to get CRV to pay you for?
btw - i got this link from the DIGG article, your site is really nice!!!