Tue, 14 September 2021
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
In pitching investors, there are many ways to blow the pitch.
Here’s a list of common mistakes startups make:
Losing your temper and letting emotions get the better of you.
Investors want level-headed people they can work with.
Building the company only for the exit.
There must be a “why” behind the business.
Inability to present the idea or business in a smooth way.
Lack of clarity in the pitch will translate into a lack of clarity regarding the business plan.
Not answering the investors’ questions, such as failing to give revenue numbers.
Lack of direct answers frustrates the investors and leads many to believe the answer is not attractive.
Not knowing your industry or market.
It’s best to demonstrate knowledge of the market with some key numbers.
Not knowing your team well.
It’s best to have some history with the team members and demonstrate how you work well together.
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