Successful venture capital firms don’t just invest and hope for the best – they spend a lot of time working with the companies they’re funding.
Essentially, you have to be a passionate and committed advocate of the business opportunity you are pitching.
Co-founder teams – comprised of a tech specialist and an operations guru – have a clear advantage when trying to secure funding.
While there is no single model all investors use to value all companies, there are a few common valuation methods. Here are two examples.
Everyone who reads your business plan should be able to understand what you do, what the risks are and how you plan to overcome the obstacles you face.
With institutional investors, 60 days is the bare minimum. Here’s why.
The crucial detail is whether they say “no”, “yes”, or “come back in a while” when you first pitch your idea.
Is there any money for businesses in sectors such as retail or manufacturing? Or are these industries toast?
Traditional bricks and mortar retail and manufacturing will never be toast, they are just going through a transition period that is forcing them to adopt more efficient models.
I would recommend that you focus your initial efforts answering two key questions: How unique is the product and what is the route to market?
Most savvy investors will share the same concerns, so a well-constructed POC will be paramount to your fund-raising.