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1.

As well as examining your team's overall health from every angle, you'll also need to investigate your
industry, competitors, and market, define your products, prepare financial projections, and decide
whether to raise debt or equity. Preparation may be the most time-consuming and effort-intensive part
of raising money. However, if you know what you want and explain why you made those decisions, it
will be easier to determine who to target and ask for what you need. Keep in mind that as you court
investors, they will be asking tough questions. As a result, you'll need to have all of the necessary
information.

2. Founders, family, friends, venture capitalists, angel investors, single family offices, business
incubators, investment groups, and crowdfunding pledgers are some of the different types of investors
you might consider. Keep in mind that some forms of funding are more expensive and risky than others,
so you can also use credit cards, lines of credit, bank loans, and the like. Because they are more
dependent on the status of your personal finances and assets than the current or potential value of your
firm, these financing choices are frequently last resorts or backup attempts.

3. It's critical to keep your target audience in mind and understand what investors value. Ten to fifteen
slides containing information on your company, team, competition, target market, milestones, future
plans, and funding requirements are usually sufficient. Your potential investors should be better
equipped to decide on a course of action that is in their best interests if they have this information.

4. When discussing your business with others, keep in mind that you will be rejected. The possibility
exists that some investors aren't seeking for a good deal right now. Your concept will just not be the
proper fit for others. Knowing this ahead of time can save you a lot of heartache and stress. Doing some
online research on various investment groups and resources can be beneficial. Just don't get dragged by
the internet's unfathomable black hole. Make a phone call or send an email to stay proactive in your
communication.

5. Not to say you won't need to hunt for other sources of money, but if finding customised solutions
accelerates your capital-sourcing process, it's something to think about.

6. Knowledge of all of your alternatives and what you can do to get the money you need might help you
feel more confident when you run into roadblocks. And, regrettably, that is something you can count on.

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