{"id":41589,"date":"2023-10-20T15:15:03","date_gmt":"2023-10-20T15:15:03","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/kanye-west-asks-mark-zuckerberg-to-invest-1-billion-in-his-business-ideas-how-not-to-approach-potential-backers-startupsmart\/"},"modified":"2023-10-20T15:15:03","modified_gmt":"2023-10-20T15:15:03","slug":"kanye-west-asks-mark-zuckerberg-to-invest-1-billion-in-his-business-ideas-how-not-to-approach-potential-backers-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/kanye-west-asks-mark-zuckerberg-to-invest-1-billion-in-his-business-ideas-how-not-to-approach-potential-backers-startupsmart\/","title":{"rendered":"Kanye West asks Mark Zuckerberg to invest $1 billion in his business ideas: How not to approach potential backers – StartupSmart"},"content":{"rendered":"
\"Kanye<\/div>\n

Singer and businessman Kanye West has publicly called on Facebook founder Mark Zuckerberg to invest $1 billion in his business ideas so he can continue making the world \u201ca better place\u201d, in what may be a classic case of how not to attract investors to your business.<\/p>\n

In a series of tweets to his 18 million followers, West asked his fans to use Twitter, Facebook, Instagram and \u201cwhatever you gotta do\u201d to get Zuckerberg to support him.<\/p>\n

West said he would also be \u201cdown\u201d to receive financial assistance from Google co-founder Larry Page.<\/p>\n

The comments came after West revealed on social media that he was \u201c53 million dollars in personal debt\u201d.<\/p>\n

\u201cYes I am personally rich and I can buy furs and houses for my family,\u201d West wrote.<\/p>\n

\u201cBut I need access to more money in order to bring more beautiful ideas to the world. If I spent my money on my ideas, I could not afford to take care of my family. I am in a place that so many artist[s] end up \u2026 I am of service to the world with my art and I just want to serve more.\u201d<\/p>\n

\n

I don\u2019t have enough resources to create what I really can\u2026<\/p>\n

\u2014 KANYE WEST (@kanyewest) February 15, 2016<\/p>\n<\/blockquote>\n

\n

Mark, I am publicly asking you for help\u2026<\/p>\n

\u2014 KANYE WEST (@kanyewest) February 15, 2016<\/p>\n<\/blockquote>\n

Dr Elaine Stead, investment director at Blue Sky Venture Capital, told SmartCompany<\/em> West\u2019s barrage of tweets is a lesson in what not to do when seeking investment.<\/p>\n

\u201cWe tell entrepreneurs to be persistent, but Kanye always dials that volume up to 11,\u201d Stead says.<\/p>\n

\u201cThere\u2019s a line of what\u2019s persistent and what\u2019s considered hysterical.<\/p>\n

\u201cI have people try to pitch to me on Twitter all the time and I\u2019m not a fan. I hate being ambushed on Twitter saying, \u2018Check out this new app!\u2019 It\u2019s guerrilla tactics.\u201d<\/p>\n

Stead says while West did not have a refined pitch and revealed he was in substantial debt, one thing he did do right was asking for people to get in touch with him.<\/p>\n

\u201cThat is not a bad thing,\u201d Stead says.<\/p>\n

\u201cReaching out to your Twitter connections for introductions is within the etiquette of Twitter, but begging for money is not.\u201d<\/p>\n

Stead also says the link between West and pharmaceutical executive Martin Shkreli is not a good look.<\/p>\n

\u201cYou need to choose the people who you\u2019re using in your corner,\u201d she says.<\/p>\n

\u201cYou need to make sure they\u2019re credible and not one of the most hated people in the universe.\u201d<\/p>\n

Article originally published by SmartCompany. Follow SmartCompany on Facebook, LinkedIn and Twitter.<\/p>\n","protected":false},"excerpt":{"rendered":"

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