As the release of PenPath‘s private beta approaches, all the options on how to fund the company prior to revenue cross my mind. One of tactics I’m considering is crowdfunding. So as usual, I research the topic and see what experts have to say before continuing down that path. Continue reading…
Last week I decided to reach out to some big investors and tell them about my startup, PenPath. My goal was to simply just be on their radar and hopefully get some feedback. One of the emails I sent was to Mark Cuban — a very famous entrepreneur I really look up to. Unfortunately, I didn’t have any mutual contacts or context to put me in touch, but decided to reach out anyways. Getting a reply the next morning with the name “Mark Cuban” in my inbox was surreal. I had quite a few people ask what he said and others wonder how I got him to even reply after I wrote a Facebook status about it, so I decided to write this and share some tips I used while drafting the email I sent him.
Incredible how people are concerned about so many insignificant things such as who the next batman will be or celebrity kids being rebellious. Meanwhile these companies are robbing BILLIONS from the market every year.
Everyday is a gift and not a given right.— Alex Cruz (@AlexCruz4u) September 1, 2013
Short answer: PenPath will not be part of the Capital Innovators Fall class. If you’d like to know more, read on…
I’ll refresh you on what the situation was for those who aren’t completely aware. Earlier this summer I started my second business called PenPath, find out more about my business here.
PenPath has had a lot of success so far. We’ve gotten the attention of very talented people to help build it, have a list of big supporters, users are emailing me telling me they can’t wait for the release, and investors are wanting me to pitch the idea to them. These are all signs of a business with a lot of potential.
Today I was researching for my current startup and came across a great tutorial on a program that I’m considering using. While looking into it I though, “Wow, why don’t I just reach out to the guy doing the tutorial and see what happens.”
I then began to break this situation down a little further with a little more of a mathematical outlook. My investment in researching the person online and making a compelling email would cost 15-20 minutes of my time and has the potential payout to land me a great mentor or even partner. More realistically, I will probably end up with his feedback/advise on my business, and a new contact — bu that’s still a great outcome! This led me to an even larger realization I relate back to video games.