Posts Tagged ‘ investment ’

Mar 24
Tuesday

Things To Tell VCs

Filed under Tips/Advice
Every chance you get to pitch, is a chance to make a startup better

Every chance you get to pitch, is a chance to make a startup better

If you’re a startup owner, then you know that you’re going to be picthing to a VC some time or another. It’s all fun and games until you get in front of the VC and you don’t know what points to make about your startup.

Pitching to a VC for funding can either make you or break you. If you get the funding, a lot of doors are suddenly open, but if you fail at obtaining it, then you might not know what to do.

Here are some things that you should point out to VCs, which will help you in getting that greatly needed funding.

•    This category will be big, and the time to invest on it is now: If you think your startup opens a whole new level of playing field for internet business, then you need to let VCs know about it. VCs aren’t as informed as you are, and if you show them the hard facts, then you stand a greater chance of getting funding.
•    Show them how you’re going to make money: This one is simple, yet most startups fail at showing how they plan on making money. If you don’t have a business plan, then you’re not going to get funding. VCs are looking for return on their investments, especially now that money is scarce. You need to set up a real business, it can’t be any of that “get millions and millions of users” mumbling.

Continue…

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