Investing Tips Funded From Angel or VCs For A Small Business Or Startup

Funded From Angel or VCs Investing Tips For A Small Business Or Startup

So you’ve decided to go after an investment from that angel or VC firm and you’re about to give your first pitch. This is your big chance to get the cash you need to power ahead towards your goal, so make sure you’re well prepped and can nail it. Having witnessed a number of entrepreneurs
pitch to VCs and angels and then having been involved in the decision about whether or
not to fund,

Basics To Get Funded From Angel or VCs

I can tell you there are some basics you need to nail if you want to get funded, no matter what your business is.

First up, get to the point. 

If you’ve been talking for 5 minutes and I still don’t know what the heck your business does and
how you make money, that’s a problem. Investors get pitch after pitch after pitch so they’re
not interested in the fluff. We want to know what you do, how you do it, and why you’re so much better than everyone else, that the customers will flock to you instead of your competition.

What Competition?

And while we’re on that topic - do not say you have no competition. 

There is no such thing as a company with no competition unless your idea is horrendous (or you are truly the first in an chartered business or idea). If you say you have no competition it means you either haven’t done your research, or don’t understand the competitive landscape, are straight up lying, or you’re trying to sell something that nobody wants.

Even if you have a brand new product you still have competition - who ever invented the microwave had to compete with the traditional conventional and toaster ovens,
The first cell phones competed with pagers and house phones. You still have competition even if your product is incredibly unique, so make sure you know who you are and how you will convince customers that you’re a better choice.

You also need to know the workings of your business and your business plan inside and out.
Be prepared to answer tough questions and make sure you can justify any of the numbers that you put in your performance  and business forecasts.
If an investor asks you how you intend to get those 1,000 customers that you predicted in the first
month, you’d better have an explanation for it and its accompanying expense in your financial plans.

The Starting Team 

The team you start with can be very important, be prepared to justify why your team is the team to do it. Experienced investors know that great ideas are a dime a dozen, it’s the execution that will make or break you - so they want to know why you and your team are in charge and what you bring
to the table. Dead weight is a red flag, so don’t stack your c-suite with people that don’t deserve to be there.

Finally, try to remember to be likable. You don’t need to get a standing ovation, but these investors are going to be tied to you if they invest and if they can’t stand to be in the same room with you, they’re more than likely going to pass. Don’t do a stand-up routine, but remember to be yourself, don’t get defensive if they give criticism or ask tough questions, and make them see that you’re
a person who is smart, reliable, open to guidance, and one of the hardest workers on the planet.www.CateCosta.com

Make Your Journey An Adventure

http://is.gd/lowstart Make Your Journey An Adventure

You should look at every angle of your journey as an exciting adventure. When you think of your childhood years, you loved investigating the unknown. Carry this with you as you strive toward success. Anticipate the excitement of each accomplishment – make it a real adventure.

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To use a Quote;

"Most great men and women are not perfectly rounded in their personalities, but are instead people whose one driving enthusiasm is so great it makes their faults seem insignificant."

-- Qoute by; Charles A. Cerami

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