The fundraising landscape in 2024 is BARREN. (no matter what they tell you) Global Media Assets still raised capital from 7 different angel investors... & here is how we did it: 1. Rely on your network! I didn't think I knew a single angel investor until I started digging through my ´rolodex.´ Even then, most of my investors are friends of a friend of a friend... Which is still much better than a cold intro. Clay is a phenomenal modern tool for managing your network. 2. Make the connection early. Even if you aren't ready to take a check today, you will be in 2 months and investors want to see progress more than anything. 3. Don't forget to talk about yourself and your team. The product is of course what you are pitching, but it WILL pivot before launch. The only thing an investor can bet on is the founders. 4. ACTION BIAS -- This is something not a lot of people talk about, but I live by it. As soon as you have a good thought, take some small action to ensure it comes to fruition. For example if I THINK that I should be pitching to family offices in New York with x type company in their portfolio: then I immediately text a friend in NYC and ask if s/he knows anyone. Maybe this isn't the right direction or doesn't end up working out, but by taking ACTION instead of just putting it in my notes -- then I give us a chance at actually making it happen. Hope that helps some people :) Happy hump day !
Let's go Finn Bailis! Great stuff, very impressive. I cannot wait to hear what is to come. The future is very bright my friend!
CIO @ Shaw Circle
2moCouldn’t agree more, especially on #4. Doing is always best.