The FACE of experience with Marro & Levy

Any startup that wants to survive its first months ought to have a financing plan, something that Pierre Marro, Project Officer of the European Commission, explains clearly. His advice for young aspiring entrepreneurs is to be as prepared as possible and to believe in their own possibilities. 

Marro also reminds us that the European Commission has a series of programs to help entrepreneurs, programs for example which Sidney Levy, co-founded of ‘Wiffinity’, has benefited from.  For this entrepreneur it’s essential to attend as many events and join as many networks as possible, as this is fundamental to promoting a startup.  What’s more, Levy ensures us that financial guidance is just as important as the guidance for many other aspects of entrepreneurship. 

 

Discussion

Pierre Marro talks about how young entrepreneurs lack knowledge of the financial world and Sidney Levy says its essential to be part of as many events and networks as possible:

QUESTION

What has been the most difficult aspect of maneuvering the financial world as a startup? And in your experience, what are the advantages of attending startup and networking events?

Publish I want to receive alerts when a new comment is posted in this section.
Julie

Julie Mannu

Chatterbox Explorer Evaluator Respondant Debater Influencer FACEr
The financial part is always the most feared, but in my case is to find the right person which took me a long time. At first I was looking around me, but then I understood that if I moved in other events of entrepreneurship I would have more contacts and could possibly find future partners. And, it's what I'm doing.
09/06/2016 0 0 1
Nakul

Nakul Wali

Chatterbox Explorer Evaluator Respondant Debater Influencer FACEr
good to know the importance of investment in startups.
07/06/2016 3 0 0
Ruairi

Ruairi McNicholas

Chatterbox Explorer Evaluator Respondant Debater Influencer FACEr
Figuring out where to start is a big challenge - taking a loan, looking for investment, putting your own money in, crowdfunding, ect. Getting a mentor with a knowledge of the financial world is a great place to start. Crowdfunding is often a viable option - my own start-up raised its first round of funding on IndieGoGo so hit me up if you've questions on it! Networking events are great for a number of reasons. You can meet other entrepreneurs and hear about their challenges and successes, and can also meet people involved in various start-up support networks/organisations. You could meet customers too!
30/05/2016 4 0 3
Angela

Angela Cook

Chatterbox Explorer Evaluator Respondant Debater Influencer FACEr
Thank u Ruari! You provided a big amount of valuable info for prospective and indecisive entrepreneurs like me. It seems that u were very confident from the beggining and that's smth I envy :P What was your main fear when u started? If you have any!
01/06/2016 0 0 0
Ana

Ana Martínez

Chatterbox Explorer Evaluator Respondant Debater Influencer FACEr
Some people even meet their cofounder! :-D
01/06/2016 1 0 1
Christian

Christian Atz

Chatterbox Explorer Evaluator Respondant Debater Influencer FACEr
I made the mistake of initially putting to much effort on joining startup events during a time the product was not ready yet. It´s important to network, but a lot more easy and effective once you can show a working prototype or especially first revenue.
04/02/2016 8 0 2
Angela

Angela Cook

Chatterbox Explorer Evaluator Respondant Debater Influencer FACEr
For young professionals and newborn startups the challenge is finding and approaching investors, but it's even more difficult to get the initial funds to obtain the pilot product or demo that you will show investors to get their support/initial investment. Networking events, entrepreneurs' meetups and coworking spaces are great places to meet interesting stakeholders for you, your team and your startup.
11/12/2015 7 0 0
Julie

Julie Mannu

Chatterbox Explorer Evaluator Respondant Debater Influencer FACEr
I believe that entrepreneurship support centres are points of meetings and thanks to them we can have access to many events in the world of ICT entrepreneurship. So try to join an incubator!
11/12/2015 5 0 1
Cole

Cole Byrn

Chatterbox Explorer Evaluator Respondant Debater Influencer FACEr
It's difficult realizing that even though you've raised funds once, it doesn't necessarily mean the company is worth more money or that there's enough cash to get to the next milestone
11/12/2015 5 0 0
blancarabena

blancarabena Rabena

Chatterbox Explorer Evaluator Respondant Debater Influencer FACEr
was at the Face event at campus party, and Jose Ildefonso said that money should not be your main focus, that you have o have resources and make sure that once you get the money you know what to do with it, and ofcourse it will help get you to your next milestone
01/06/2016 1 0 0
Michelle

Michelle Marcoux

Chatterbox Explorer Evaluator Respondant Debater Influencer FACEr
Startup events and networking gatherings are great places to meet mentors, make friends and most of all learn. Sure, we can search online, read all the blogs, watch all the videos on YouTube, but it's not the same as coming together with others to share knowledge about the same things you're passionate about. We must be careful, though, solely attending events isn't enough. It's important to know which events and meetups will most benefit you and your startup and seek those out.
10/12/2015 6 0 2
This website uses its own and third party cookies to improve the experience. Accept More information