Mon, 4 May 2020
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
In raising funding, start with your own network. Set up calls with angels, family offices, and others who you already know.
Since the relationship is already built, it’s much easier to set up the meeting.
These investors can give feedback on how to improve the business and the pitch.
Practice with your network first before going to other investors who may not give you feedback and certainly won’t be as easy to contact and set up meetings.
Once you have pitch practice done and the feedback you need, you can focus on the right type of investor for your deal.
It could be an angel, venture capitalist, family office or other early-stage funding investor type.
Consider the risk and returns your deal offers and approach the investors who match your startup.
Venture capital wants 10X home runs on every deal.
Angels want a 3-5X return in the next 3 to 5 years.
Family offices want a good return but will patiently remain longer.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.
Direct download: EG_Jan_2020_Startup_Funding_Espresso_--_Who_Should_You_Pursue_for_Your_Raise.mp3
Category: -- posted at: 4:52pm CDT