#10 MFS - RYman2017, Children - Entrepreneurship / Motivation - Money for a Startup

In  this entry, we discuss entrepreneurship and motivation with 10 year-old RYman2017

I would like to encourage children to pursue entrepreneurship.  But how do we compete with the screens, sports, school, and just being a kid?

Based on my conversation with Ryman2017, I think there needs to be a focus on two areas:

- Incentive - What is in it for them?

- Motivation - Picking something they are passionate about.

Want more?

You can watch the videos and subscribe to my YouTube channel here:  https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ 

Questions or comments?

​Linkedin: https://www.linkedin.com/in/rencarlton

Twitter: @RenCarlton

IG: rencarlton

#9 MFS - Fundraising Tactics for Uber for Art - Money for a Startup

We plan on using these fundraising tactics to fund Uber for Art:

• Networking
• Universities
• Crowdfunding
• Incubators
• Accelerators
• Angel Investor boards
• Grants 

Want more?

You can watch the videos and subscribe to my YouTube channel here:  https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ 

Questions or comments?

​Linkedin: https://www.linkedin.com/in/rencarlton

Twitter: @RenCarlton

IG: rencarlton

#8 MFS - How Much to Raise for Uber for Art - Money for a Startup

In this post, I am going to reveal how much money we are going to raise Uber for Art

The goal is to raise enough money to attract private equity in the next 12-18 months

We decided to raise $175,000 in this seed round, which will pay for:

• ·         Staffing
• ·         Marketing
• ·         Technology
• ·         Artist enrollment costs
• ·         Market launch costs
• ·         Fundraising costs
• ·         Legal
• ·         Selling, General, and Administrative

We want to raise enough to get us to the next round, but not too much so we don't sell off to much of our business at a very low valuation.

Want more?

You can watch the videos and subscribe to my YouTube channel here:  https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ 

Questions or comments?

​Linkedin: https://www.linkedin.com/in/rencarlton

Twitter: @RenCarlton

IG: rencarlton

#7 MFS - Why we Chose Uber for Art - Money for a Startup

Let's explore why we chose Uber for Art as our fundraising project.

In article #2, I gave you our checklist for evaluating companies.  Let's walk through the list.

- Scalable and Profitable - Yes, because we don't pay for all the costs associated with managing a gallery

- Produce cash flow relatively quickly - Possibly, it depends on how fast we can start hanging art.

​- Helps another one of our companies - No

- Interesting and/or fun business - Yes, I think most people like art.

- Strong likelihood of success - Yes, if funded

- Can we add value - Yes, capital will help it scale

- Compatibility with their team - Yes

- We like the business - Yes

- Defendable IP - Possibly because of the technology being developed

Want more?

You can watch the videos and subscribe to my YouTube channel here:  https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ 

Questions or comments?

​Linkedin: https://www.linkedin.com/in/rencarlton

Twitter: @RenCarlton

IG: rencarlton

#6 MFS - Uber for Art - Fundraising Project - Money for a Startup

We have chosen our first fundraising project and we are calling it "Uber for Art".

Uber for Art will display artwork for resale at non-traditional, high foot traffic areas, including office buildings, malls, and restaurants.

The idea is to bring the art to potential customers instead of making customers search for art.  

People can actually see the art in person, which gives them a competitive advantage over online retailers.

The Art will be hanging in locations that have space and staff, so Uber for Art can avoid most gallery costs, giving the company a cost advantage over traditional galleries.

As most people know, Uber, the world’s largest taxi company, owns no vehicles

Uber for Art is trying to be the world’s largest art company without owning a gallery.

Want more?

You can watch the videos and subscribe to my YouTube channel here:  https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ 

Questions or comments?

​Linkedin: https://www.linkedin.com/in/rencarlton

Twitter: @RenCarlton

IG: rencarlton

#5 MFS - RYman2017 Interview - Money for a Startup

Today is our 5th article anniversary, so to celebrate I invited 10 year old RYman2017 to talk about his YouTube channel startup.  He already has over 100 subscribers after only 2 weeks.  You can visit his YouTube channel at https://www.youtube.com/user/RYman2017 .

- Why did you start doing videos? - Because his friends were doing it.

- Who taught you how to do videos? - Self-taught by watching other YouTube videos.

- What are your goals for the channel? - 1,000 subscribers

- Do you have any tips for first-time YouTubers? - Experiment and play with making videos until you find something you like.

Want more?

You can watch the videos and subscribe to my YouTube channel here:  https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ 

Questions or comments?

​Linkedin: https://www.linkedin.com/in/rencarlton

Twitter: @RenCarlton

IG: rencarlton

#4 MFS - Investors and Busines Partners - Raising Money for a Business Startup

When you are raising money, you are essentially taking on a business partner.  Possibly multiple business partners.

Not all partners are created equal

Some will be active, some will be passive, meaning some will just give you money while some will want an active role in the company

Who will do what?

It's a good idea to know what want so you know find what you are looking for

You may not have the luxury of getting your ideal partner, in those situations you need to be prepared for what you are getting yourself into.

Remember those team projects in school where one kid does 99% of the work and one does almost nothing.  Which one are you going to be?  

Whatever you decide to do, make sure you get everything in writing.  If things go wrong, as they often do, you can refer back to the agreements.

I also insist on establishing core values in order to define the principles the business will follow.  The core values of most of my businesses are:

- Honest - We do what we say we are going to do


- Excellent - We over-perform and exceed expectations


- Creative - We find better ways of doing things


- Innovative - We leverage technology


- Generous - We support people, organizations, and causes that we believe in 


Want more?

You can watch the videos and subscribe to my YouTube channel here:  https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ 

Questions or comments?

​Linkedin: https://www.linkedin.com/in/rencarlton

Twitter: @RenCarlton

IG: rencarlton