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PUBLIC MARKS from cyberien with tags entrepreneur & vc

03 November 2006 19:00

Charles River Ventures - about CRV - CRV QuickStart

Launch your ideas more quickly and efficiently Behind every great company is an entrepreneur with a great idea. Yet getting a big idea off the ground takes more than just innovative thinking. Time, resources and capital are also required. All too often, the process of raising seed capital can consume precious time that can be better spent actually building out your idea. Often, that capital can also come at a high price in the form of painful dilution which translates into the founders getting less than their fair share. CRV has created an innovative program to eliminate these issues and help entrepreneurs get up and running quickly - the CRV QuickStart Seed Funding Program. CRV QuickStart provides select entrepreneurs with a loan to fund the work needed to build out your idea, enabling you to explore its potential in its earliest stage ­ before you raise a round of formal equity financing. By offering up to $250,000 in the form of a loan (also referred to as a “convertible note”), we’re providing you with the capital to fuel your ideas without equity dilution. As a non-equity financing, no public filing is required. As a result, entrepreneurs can stay in stealth mode during their seed phase, which is often an important competitive advantage.

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