Tuesday
Tips/AdviceThings To Tell VCs
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.
• Show your market strategy: How are you going to let people know about your startup? Are you going to run an ad campaign? Will you use social networking to your advantage? You need to show VCs that you’re thinking about all that and more. Otherwise, they’ll look at you as an inexperienced youngster who wants to become the next Bill Gates.
In conclusion, pitching to VCs is no easy task. We could write for days on tips and advice to help you pitch to a VC, but in the end, what matters most is your product. You need to show your product to the world, and if the response is positive, then keep moving forward and keep searching for funding.
Post Tags: Advertising campaign, Bill Gates, Business, Business plan, investment, Marketing strategy, Small Business
Add New Comment
Thanks. Your comment is awaiting approval by a moderator.
Do you already have an account? Log in and claim this comment.
Add New Comment