Understanding raising investment for startups
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Here's some top tips to help you with your fundraising round. The first one, funding isn't suitable for every business. It's harsh, but it's true.
Identify this early and you only can identify it during a fundraising round unfortunately. And this can help. You can save some time and sanity and resource.
Two, allocating the right time for your fundraising round. Three months is too short. Make sure that you allow yourself nine months.
So you've got three months for networking preparation. Three months for outreach and pitching and three months for closing. Preparation is essential.
Conducting research, gathering data and building a strong outreach funnel are critical components of a fundraising round. Alongside that, the non-negoti- ibles are obviously d***, finance model and a dynamic cap table that can track upcoming fundraising rounds and future dilution.
Mindset is so important. We want to have a marathon mindset, treat the process. Like winning a new client, track your outcomes and understand your signals.
Hacks. Everyone wants hacks, but there are no hacks for success. The only hacks are forging relationships with investors and connected individuals Like burning bridges too early.
It can take time to do anything. It takes years and years and years to grow a tree. So don't expect overnight results.
Relationship building is critical for fundraising. And that is everybody you meet, you know, from the janitor. And we all know the post about the dog and turns out to be the interviewer
. It's so true. Everyone you meet can have an influence in your fundraising round. So just be nice, keep building relationships.
And most importantly, give yourself enough time to complete it.
Transcript
Show Transcript
Here's some top tips to help you with your fundraising round. The first one, funding isn't suitable for every business. It's harsh, but it's true.
Identify this early and you only can identify it during a fundraising round unfortunately. And this can help. You can save some time and sanity and resource.
Two, allocating the right time for your fundraising round. Three months is too short. Make sure that you allow yourself nine months.
So you've got three months for networking preparation. Three months for outreach and pitching and three months for closing. Preparation is essential.
Conducting research, gathering data and building a strong outreach funnel are critical components of a fundraising round. Alongside that, the non-negoti- ibles are obviously d***, finance model and a dynamic cap table that can track upcoming fundraising rounds and future dilution.
Mindset is so important. We want to have a marathon mindset, treat the process. Like winning a new client, track your outcomes and understand your signals.
Hacks. Everyone wants hacks, but there are no hacks for success. The only hacks are forging relationships with investors and connected individuals Like burning bridges too early.
It can take time to do anything. It takes years and years and years to grow a tree. So don't expect overnight results.
Relationship building is critical for fundraising. And that is everybody you meet, you know, from the janitor. And we all know the post about the dog and turns out to be the interviewer
. It's so true. Everyone you meet can have an influence in your fundraising round. So just be nice, keep building relationships.
And most importantly, give yourself enough time to complete it.