Funding in a startup: Game of Thrones StyleThe drama can serve a lesson to startups guiding through various forceful struggles without having to rummage neighbors or competing startups.

ByLalit Bhagia

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pixabay

Game of Thrones, a fantasy series on HBO is about conflicting decisions and how it impacts relationships and loyalties. The drama that unfolds across the seven kingdoms can serve a lesson or two to startups and emerging businesses guiding through various forceful struggles or crusades without having to rummage neighbors or competing startups. I kind of figure out the game akin to strategizing funding resources in six stages as below:

Stage 1: The Spartans
Starts from the Ideation: This is the very first stage wherein the business idea originates and the funding if bootstrapped is frugal or bare as the name suggests

Stage 2: The Co- Founder
Meets Jorah Mormont: Co-founder stage is the next stage where another competent entrepreneur takes part in the business and does half of the work and also invests the other half of the funding in the company. Princess Daenerys finds Jorah Mormont here.

Stage 3: The Lannisters Family
When in need, its Friends & Family: If the Co-founder and his investments don't suffice, it will be family and friends who will pool in and contribute by way of cash, jewelry or by joining as staff. As many characters (read hands) helps roll the drama further.

Stage 4: The Hound
One hunt or gets hunted, seed round it is: Now along with the Co-founder, family and friends stake an Angel (Investors) may pay a visit or a VC will knock at your door. The capital they provide can be a one-time booster shot of seed money or series of it to help carry the company through difficult times.

Just like the Hound in the Game of Thrones, investors help you crack the code. An "option pool' is also created at this stage which is like a piggy bank set aside for future employees.

Stage 5: Marching in of warriors
Series A Funding: At this stage the VCs or other investors may persuade more to contribute in his fund. The initial warriors or the early employees join the company. These are those warriors who have put in larger stakes in your company in the form of persistence, hardwork, time and energies. They also do not mind accepting low salaries along with stock options. These warriors will eventually help you win the game.

Stage 6: Repeat, it's a cycle of events
IPO Stage: Series A funding is followed by a couple of more series before the final stage of IPO Funding arrives i.e. with a small disclaimer that all business plans have carried well the way they were chalked down with no major hiccups and success has been warranted. After the company does the IPO, anyone can become an investor and then as the usual phrase that pops up is: "A Lannisters always pays his debts".

The stockholders should get the returns as the startup grows and matures after having battled it out!

Wavy Line
Lalit Bhagia

Founder & CEO, Myrefers

拉蒂Bhagia Myrefers的创始人和CEO, referral based jobs marketplace that has it’s own big data engine wherein natural language processing, contextual data analysis and a lot more is used in order to find best suited candidates for CXO level jobs. He was formerly associated as VP & Head- Digital for Star TV and had also built Digitas (Publicis Groupe) across APAC, serving as the EVP & Head - APAC.

Related Topics

Business Ideas

The Top 10 Home Business Ideas for 2023

Can't figure out which enterprise you should launch in 2023? Check out 10 stellar home business ideas to get inspiration.

Thought Leaders

I Pitched 300 People a Day For 1 Year — and Learned This Impactful Entrepreneurial Lesson

After working myself to the bone pitching 300 people each day for one year, I came out of that experience as a new man — but surprisingly, an unhappier one. Here's what I learned.

News and Trends

Google Invites Applications For Eighth Batch Of Startups Accelerator Programme

Applications are open until August 22, and eligible startups should have AI as a core solution or product, including generative AI

Business News

Mark Zuckerberg's Net Worth Soars to $113 Billion after Meta Stock Surges — Making Him the 9th Richest Person in the World

Mark Zuckerberg experienced a remarkable boost in his wealth, with gains of up to $9 billion, after Meta's stock surged by 9% following a robust second-quarter earnings report.

领导

How Rainmatter is Ramping Up Indian Impact

Dinesh Pai feels that while sector, founder, team, and idea play an integral role, the impact is the deciding factor for the Zerodha initiative to invest in any startup

Starting a Business

10 Common Obstacles to Avoid When Starting a Business

Starting a new business can be an exciting and rewarding venture, but it also comes with its fair share of challenges. Here are some common obstacles to avoid when starting a new business.