Article
The Ultimate Guide to Raising Capital
stansburyweaver.com
Quoted on this wiki
Every place a page here uses this source, in the order the words come in it.
Now Work Your List “You want warm introductions from trusted resources.” Talking with other founders is also a great way to qualify a prospective investor. Better still if it’s a founder of a failed venture. You can learn a lot about what the investor is really like.
Talking with other founders is also a great way to qualify a prospective investor. Better still if it’s a founder of a failed venture. You can learn a lot about what the investor is really like. “Work your list to get intros. It may take a couple hops if you’re not already well connected.” Remember that this is a sales campaign, so you need to stay in touch and keep investors interested.
You do not want to meet with a potential investor without getting a proper introduction. You want warm introductions from trusted resources. This can be a little harder to dig up, but start by combing over the investor’s social media and reach out to the founders of other companies the investor has funded. “Talking with other founders is also a great way to qualify a prospective investor.” Work your list to get intros. It may take a couple hops if you’re not already well connected.
Raising the Next Round Starts Now “Start networking and building relationship before you get close to raising your next round.” Three other things to be aware of on the technical side.
Now Work Your List “You do not want to meet with a potential investor without getting a proper introduction.” Talking with other founders is also a great way to qualify a prospective investor. Better still if it’s a founder of a failed venture. You can learn a lot about what the investor is really like.
Just because you can doesn’t mean you should. “Raising capital will change your business so make sure it’s what you really, really want. Make sure it’s what you need.” More often, though, the business isn’t destroyed, the founders just end up living a lifestyle they never wanted. When you take money you commit to working like hell to generate a massive return for your investors in a relatively short amount of time—like, five to seven years.
You also want to make sure that the investor does deals in your geographic area. It is of course possible to raise outside your neighborhood and hold future board meetings by phone or video conference. But that’s not ideal. If you go that route, make sure that your investor visits for an in-person meeting at least a couple of times a year. “There’s no better intro to a VC than one coming from the founder of a portfolio company.” The Right Investor Shares your Vision, Objectives, and Moral Outlook.
Now Work Your List “You want warm introductions from trusted resources.” Talking with other founders is also a great way to qualify a prospective investor. Better still if it’s a founder of a failed venture. You can learn a lot about what the investor is really like.
In the case of VC, know all about the firm, but also know the individual partners and know which partner leads deals like yours. “Research the partner’s connections to find a strong intro. Never talk without an intro.” Stay at it. Follow up. Do not forget that this is a sales campaign.