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Raising capital this fall? Spend your summer getting your data, deck, and investor outreach together. 30 Days of Mentoring is an intensive 30 day deep dive on customer acquisition, growth model, pro forma, and fund raising, followed by 11 months of checkins. The program runs ~$200/mo per team. https://lnkd.in/e4MdZvV2

Welcome to our new quickfire Q&A series, Meet the Managers. Our first interview is with Reece Chowdhry of Concept Ventures. Concept Ventures is a dedicated pre-seed VC fund that invests in software companies with a people-centric approach. The first question we asked Reece was which individuals helped him the most in his journey, and he answered: Sam Ettelaie (we promise we did not influence his choice!), Matt Penneycard and Dr Arjun Patel. Find out more about Reece's journey below 👇

⏩ Categories of people to avoid when raising your first angel round as a first time founder to save time, energy, and avoid unnecessary demotivation : ▶️ Those who lack conviction & confidence in You. You just know them. Trust your instincts. ▶️ Those who don’t understand startup investing. It will be a waste of time explain basics of it and the risk involved. ▶️ ROI-Only focused investors. At this stage, you need investors who support and believe in your vision too. You won’t have all the answers yet, & discussions with them can be demotivating. ▶️ Avoid chasing overcommitted ones who are constantly unavailable or too busy. Endless follow-ups will drain your energy. ▶️ The ‘Polite Yes’ people who express initial interest but tend to go cold. Identify this early. ▶️ Ones introduced through third parties without a direct relationship, chances are the connection won’t lead to anything meaningful. Btw, This view comes from personal experience. After bootstrapping FinRight for about a year, I successfully raised a small angel round 💸 from well-wishers and supporters from the fintech and banking space. 🙂 FinRight Akash Shah Ketan Das Ashirwad Tomar, Raakhi P.

𝐁𝐚𝐝 𝐏𝐫𝐞-𝐬𝐞𝐞𝐝 𝐭𝐞𝐫𝐦𝐬 𝐜𝐚𝐧 𝐤𝐢𝐥𝐥 𝐚 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 🪦 Founders, when raising a preseed beware of 𝐃𝐨𝐬 𝐚𝐧𝐝 𝐃𝐨𝐧’𝐭𝐬 👇 𝐃𝐎: - 𝐂𝐡𝐨𝐨𝐬𝐞 𝐒𝐢𝐦𝐩𝐥𝐞 𝐓𝐞𝐫𝐦𝐬: Use SAFEs or a standard convertible note with a realistic valuation cap. - 𝐏𝐢𝐜𝐤 𝐀𝐥𝐢𝐠𝐧𝐞𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: Seek angels/micro-VCs who offer helpful intros, advice, and domain insight. - 𝐌𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐅𝐥𝐞𝐱𝐢𝐛𝐢𝐥𝐢𝐭𝐲: Keep control simple—no formal board seats or heavy restrictions this early. 𝐃𝐎𝐍’𝐓: - 𝐎𝐯𝐞𝐫-𝐃𝐢𝐥𝐮𝐭𝐞 𝐘𝐨𝐮𝐫𝐬𝐞𝐥𝐟: Avoid giving away too much equity (20–25% max). -𝐀𝐜𝐜𝐞𝐩𝐭 𝐂𝐨𝐦𝐩𝐥𝐞𝐱 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧𝐬: Steer clear of liquidation preferences or rigid veto rights at this stage. - 𝐈𝐠𝐧𝐨𝐫𝐞 𝐭𝐡𝐞 𝐁𝐚𝐬𝐢𝐜𝐬: Get your incorporation, IP assignments, and founder vesting in order before pitching. -- Save this for when you are raising your preseed round ✉️

Some good advice here on deal terms for pre-seed 👇

This Friday we’re back with another #VCterm demystified! Today we talk about ‘Friends, Family, and Fools.’ When we talk about #startupinvestments, VC firms and angel investors often take the spotlight. But let’s not forget the invaluable role of Friends, Family, and Fools. These are people who might never have considered angel investing, but one of their friends, or a family member, all of a sudden knocks on their door, bubbling with excitement about a business idea, and they think, 'why not.' Often stepping in at the Pre-seed stage – a time when most #investors hesitate – they provide crucial capital and, more importantly, unwavering support. It's about trust, faith, and a deep-rooted belief in an individual and their potential rather than a business plan and numbers. Ever invested in a Friends, Family, and Fools round and have now caught the startup bug? ➡️ Join our "First Steps Towards Angel Investing" webinar to begin your angel investor journey: https://lnkd.in/g-6qGeXk ➡️ Check out the rest of our Investor Glossary Series here: https://lnkd.in/g4pfgEfB Maaike Doyer

✅ The due diligence (DD) process often takes founders by surprise as it is intense and requires a lot of preparation, which is often brushed over when talking about the fundraising process. 📘 Each angel or angel group will have their own DD approach, but there are some key plans and information that all investors will require. Being prepared with these won’t ensure you will raise, but it will impress the investors and allow for a quicker and smoother fundraise, if there is a good match. 💻 Last week, our Angel Raise Ready cohort attended an online masterclass hosted by Umulinga Karangwa, CFA, where they discussed how to navigate the due diligence process with angels. ⬇️ Pictured below are some key “must haves” for a startup to have ready for an angel investor during the due diligence process. If you’ve been through the due diligence process before, do you have any learnings to share? Let us know in the comments!

𝐁𝐚𝐝 𝐏𝐫𝐞-𝐬𝐞𝐞𝐝 𝐭𝐞𝐫𝐦𝐬 𝐜𝐚𝐧 𝐤𝐢𝐥𝐥 𝐚 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 🪦 Founders, when raising a preseed beware of 𝐃𝐨𝐬 𝐚𝐧𝐝 𝐃𝐨𝐧’𝐭𝐬 👇 𝐃𝐎: - 𝐂𝐡𝐨𝐨𝐬𝐞 𝐒𝐢𝐦𝐩𝐥𝐞 𝐓𝐞𝐫𝐦𝐬: Use SAFEs or a standard convertible note with a realistic valuation cap. - 𝐏𝐢𝐜𝐤 𝐀𝐥𝐢𝐠𝐧𝐞𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: Seek angels/micro-VCs who offer helpful intros, advice, and domain insight. - 𝐌𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐅𝐥𝐞𝐱𝐢𝐛𝐢𝐥𝐢𝐭𝐲: Keep control simple—no formal board seats or heavy restrictions this early. 𝐃𝐎𝐍’𝐓: - 𝐎𝐯𝐞𝐫-𝐃𝐢𝐥𝐮𝐭𝐞 𝐘𝐨𝐮𝐫𝐬𝐞𝐥𝐟: Avoid giving away too much equity (20–25% max). -𝐀𝐜𝐜𝐞𝐩𝐭 𝐂𝐨𝐦𝐩𝐥𝐞𝐱 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧𝐬: Steer clear of liquidation preferences or rigid veto rights at this stage. - 𝐈𝐠𝐧𝐨𝐫𝐞 𝐭𝐡𝐞 𝐁𝐚𝐬𝐢𝐜𝐬: Get your incorporation, IP assignments, and founder vesting in order before pitching. -- Save this for when you are raising your preseed round ✉️

Looking to raise? here is what you need funds for at each stage, and and some good guidelines.

Excellent insights. I'm often the 'fixer' that is given the task of figuring out how to break the news to existing investors and coach an entrepreneur on how deliver the harsh news their current terms must be changed in order raise the next round. Sad thing is, it often are the ANGELS that set the company up for failure, and losing their own investment, by demanding bad pre-seed terms