Entrepreneurs, Don't Pitch Your Startup Idea To Investors Unless It's Fundable
Sramana Mitra
![Sramana Mitra]()
Sramana Mitra
Founder and CEO of One Million by the One Million (1Mby1M) Global Virtual Accelerator
Entrepreneurs, please do not waste your precious time and resources. Please do not make rounds of un-welcomed pitches to half-asleep investors.
99% of pitches to Angel Investors fail. Why? I can give you the top three reasons:
1. Pitching a startup idea before it is fundable.
2. Too much essential data is not included in the pitch.
3. Pitching to the wrong Investors.
Seeking funding is hard. Don't make it even harder on yourself.
Take a look at this video:
Here is your chance to subject your pitch to some constructive feedback and get answers to some of your critical questions. Come attend a mentoring roundtable to listen and learn. Or, if your pitch is ready, register to pitch. Let's put in some serious work.
Supporting Female Entrepreneurs through Education, Mentoring, and Collaboration ✦ Coworking ✦ Business Accelerator ✦ Author of "Flight Club" ✦ Public Benefit Corporation Leader ✦ Champion for Women in Business
5ySo true
Project Manager Metro Corporate Interiors
5yAnd it also needs to be in a vertical they understand Does not matter if your are in the black and increasing sales month over month If they are not familiar with the industry you dont have a shot in hell. Find investors in your own vertical for the best shot at funding
Philomath | Problem Solver | Passionate about L&D and Organizational Development
5yI think there’s way too much variability in entrepreneurship to throw around examples like they’re the norm as this video does. What I mean is that the path you take as a start up depends so much on what field you’re in, if you have a service or a product, what your means are as a founder (Do you have the ability to raise money yourself), etc. It’s much more important to show that you have a well thought out business plan in terms of appeal—why do people want what you’re offering, and can you show there’s a market for it, with out without a test case; can you show that you’ve thought through finances for the future, in development costs, labor, marketing budget, etc., and do you have the right team to get done what needs to be done. Those things are much more important than already having money gathered or existing customers. Those are nice and can help secure funding, but are by no means required.
Founder at BiggiePug
5yNice video thanks for sharing