wp-plugin-hostgator
domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init
action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114ol-scrapes
domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init
action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/05\/08\/fundraising-process\/<\/a><\/br> A lot of my work<\/span> as a consultant involves helping founders come up with a good fundraising story, but a surprising number of founders seem to get stuck on the next step: Finding the right investors and landing a meeting to pitch their companies.<\/p>\n That\u2019s a problem. It\u2019s no good reading nearly 50 pitch deck teardowns<\/a> and crafting the perfect pitch if you don\u2019t have anyone to present it to.<\/p>\n So here it is: A sure-fire way to get in front of the right investors, at the right time.<\/p>\n In this article, I will cover:<\/p>\n Investors use an investment thesis<\/a> to identify what they should invest in. In an ideal world, you won\u2019t waste time meeting investors whose thesis you don\u2019t qualify for.<\/p>\n To figure out if you fit someone\u2019s investment thesis, you need to have a firm grasp on what you do as a company.<\/p>\n Some investors limit their activities to a specific region: Some might invest only in Silicon Valley, others may focus only on Germany, and some accelerators will be based in a specific region or city. Do your research and leverage your location as best you can.<\/p>\n Of course, an increasing number of companies are going fully remote, which makes it harder to argue that you have a local affinity. However, if 70% of your team is based in Europe, but the CEO is in San Francisco and the company is a Delaware C-corp, don\u2019t make the mistake of describing yourself as a European startup.<\/p>\n Some investors may invest predominantly in certain niches: women, people of color or founders who went to MIT, Stanford, Harvard or the like.<\/p>\n In fact, most universities have investment clubs or connections with investors who have a particular affinity with higher learning institutions.<\/p>\n Are you in finance, healthcare, consumer hardware or climate tech? Some investors specialize in specific industries that others will avoid at all costs.<\/p>\n I\u2019ve seen people make the mistake of describing a finance play as a healthcare startup because there is an indirect link to health. Gofundme, for example, is often used to fund medical expenses but it\u2019s a crowdfunding or financial tech platform. If its founders had used the medical angle to tell the company\u2019s story, some investors might have had a problem.<\/p>\n Are you a direct-to-consumer consumer packaged goods company like Native<\/a> or Blueland<\/a>, or are you a SaaS company like Growfin<\/a> or Primo<\/a>? Are you a business-to-consumer (B2C) company? Do you run a marketplace model like Sourceful<\/a> or MBP<\/a>? Or do you have a more exotic business model such as Ampersand, which serves SaaS companies specifically<\/a> (B2SaaS, perhaps?)<\/p>\n It\u2019s important to understand the dynamics of your market because investors will want to know. Many investors focus only on certain business models and may not entertain you if you don\u2019t fit that definition. For example, some only invest in marketplaces while others will run for the hills as soon as you say \u201cmarketplace.\u201d<\/p>\n It\u2019s crucial to be clear about what applies to you.<\/p>\n I had a really interesting conversation with a founder who was raising a $3 million Series A. They figured it was a Series A because they had already raised an angel round and a very small institutional round, but it transpired that the company wasn\u2019t ready to scale yet.<\/p>\n Naming rounds is pretty useless, honestly, but here\u2019s a rough guide:<\/p>\n You\u2019ve probably figured out that the name of the round doesn\u2019t directly correlate with the amount of money raised. That said, with a clear ask<\/a> and a tight operating plan<\/a>, you can probably get a decent idea of how much you should raise. That\u2019s another data point you need to be clear about before you\u2019re ready to raise money.<\/p>\n In the rest of this article, we will map the information gathered above to investors and explain how you can use it to create a list of the perfect investors for you.<\/p>\n <\/br><\/br><\/br><\/p>\n
\nHow to find the right investors for your startup<\/br>
\n2023-05-08 21:54:49<\/br><\/p>\n\n
How to identify your strike zone<\/h2>\n
Where are you located?<\/h3>\n
Do you have school affinities or any other \u201cspecial sauce\u201d?<\/h3>\n
Which industry are you in?<\/h3>\n
What\u2019s your business model?<\/h3>\n
Which stage are you in?<\/h3>\n
\n
How much are you raising?<\/h3>\n
How to identify investors\t\t\t<\/h2>\n<\/div>\n