Monday, April 25, 2011
I've been absent from the blog recently because I am raising money for a new startup. I came up with a fantastic idea, built a prototype, and filed a provisional patent. It was a lot of work, but so far it has been worth it because when I talk to potential investors, they love it. No one has written a check yet, but I feel that it is only a matter of time.
What is funny is that there are some interesting parallels to publishing. Just like in publishing a good intro goes a long way. Just like in publishing people have to fall in love with your work. In publishing they have to love it enough to push it through through the arduous process, in fund raising, they have to believe in it enough that they are willing to invest some of their precious resources in it. In both cases there is a limited amount of time and money.
Where it is different is that in publishing there is a chance, though small, that you can gain an agent's attention by the query process. In fund raising, that almost never happens. If you don't know someone, it's almost impossible unless your product targets a market with a specialized fund.
I've had some great meetings, but I'm far from done. My writing has effectively been put on the back burner until I get this done, but hopefully soon I'll be back with a vengeance.
Writing is a solitary process and this makes it hard to network. Make sure you take time to expand your contacts, you never know when one of them will turn into the key to getting your work published.