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Seed Capital

Here’s a story that will put a smile on your face. Zach Galifianakis and a few friends have pitched in to provide a home for 88 year old Mimi who has been homeless for over a decade.

I have ripped this from the Kickstarter fund raising page:

After 25 years of homelessness, 88-year-old Mimi gets her own apartment. A documentary featuring Mimi, Zach Galifianakis and friends.

Oscar Wilde said “We are all in the gutter, but some of us are looking at the stars.” For Queen Mimi, this quote represents her truest reality.

Homeless for 25 years, Mimi’s life turned around thanks to the quiet generosity of one of the world’s best known comic actors, Zach Galifianakis (“The Hangover,” “Between Two Ferns”, “Due Date”) as well as the unexpected friendship of Oscar-winning actress Renée Zellweger (“Jerry Maguire,” “Bridget Jones’s Diary,” “Chicago”).

This is the fascinating and moving story of one incredibly strong woman’s survival against all odds. Defying an adulterous husband at age 55, Mimi sought a better life, and ended up on the streets of Los Angeles. Scrapping her way through life, at age 70 Mimi found her way to a Santa Monica laundromat, where she has now worked – and slept – 7-days-a-week, for 18 years.

Galifianakis does more than just foot Mimi’s bills, he often takes her to his film premieres.

On Tuesday, the actor escorted his 87-year-old friend down the red carpet at “The Hangover III” premiere.

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8 Tips on How to Attract Seed Capital for Your Startup

If you wish to make a better impression with potential seed capital providers, start off by asking them for advice on what you can do to make your startup more attractive to investors such as themselves. In contrast, if you immediately hit them up for money they go on the defensive. It’s human nature. If you don’t believe me take a moment to imagine what you would feel if a someone you just met minutes before asked you for money.

Do your homework on investors before approaching them. Find out which industries they invest in. A great way to lose credibility is by approaching a software industry investor with a food or golf club startup. People like to invest their money in areas that they understand. Few investors are gamblers when it comes to business. (The occasional trip to Las Vegas is a different matter.)

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