Here's what many first time founders miss when trying to raise money for their startup:
1) Most investors are not a good fit based on your stage, industry, and geography
2) Impressive traction will open more doors and get you more meetings than the perfect pitch deck
3) Investors get pitched hundreds of times a week, the reason they may not seem to care is because the odds suggest that they'll never invest in you. You need to give them a reason to care.
4) Investors likely have heard of something similar to your startup. Having answers for why you're different is essential to winning them over.
5) Most of the time that you reach out is not the right time, make sure that you find out if A) the investor is actually interested in you and your company AND B) what you need to do before reaching back out.
Getting early stage capital is a long game and it always takes longer than you think.
Be prepared and talk to those who are close with VCs and talk to those founders who have raised before!
#founders #startups #fundraising
I help Tech startups and B2B companies navigate the marketing landscape | Campaign Management | Creative Director | B2B Social Media Growth on Limited Budget.
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