Good to knows before embarking on your fundraising journey
If you are new to fundraising (or even if you have done it a gazillion times) here are some stuff that you should know before you embark on your next fundraise!
Emma McGowan, Originally published on Startups.co– the world’s largest startup platform, helping over one million startup companies. More from Startups.
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Importance of keeping investors updated (whether they invest in you or not) and be straightforward in what you want
In our session with Joseph Phua on What not to say to investors, Joseph gives us some tips when speaking to investors:
"Never be late when talking to an investor and remember to always follow up. Be relentless in getting connections and speak to as many people as possible."
"Tell investors exactly what you want. Be purposeful and have meaning in your actions."
"How I pitch via email: If I’m fundraising for 100 days and you receive my email within the first batch, then you will know two things
1. I don’t care if you invest in me or not
2. I know that you are probably not going to reply (burn investors). These investors are going to give feedback on how bad your pitch is. With this feedback, you will then improve and improve your deck until you get the best angle.
Experiment before jumping into any projects: Snippet from "How can startups manage their cashflow"
In our session with William Bao from SOSV, William discusses how experimenting before starting a new project is crucial and can help startups better manage their cashflows. Here's a snippet
Staying focused: Snippet from "How can startups manage their cashflow"
In our session with William Bao from SOSV, William discusses how important it is for startups to stay focused when equipped with limited resources. Here's a snippet
When should I start/ continue fundraising?: Snippet from "How can startups manage their cashflow"
In our session with William Bao from SOSV, William discusses "when should you fundraise?" Here's a snippet
Importance of being effective in your meetings with investors: Snippet from "Leadership in crisis Advice for startup pivot and restructuring in the new normal"
In our session with Ben Mathias from Vertex Ventures, Ben discusses the importance of being effective in meetings with VCs in a changing world. Here's a snippet