Fundraising Tips for startup founders
Founders, a VC receives 100 pitch decks every month. How to differentiate yourself from the crowd?
Here are a few helpful tips:-
1. Understand the Fund thesis and investment strategy. Listen to fund members speak at various events, podcasts, or even research them on Linkedin and Twitter.
2. The Funds’ past and current investments are often a strong indication of the Fund’s comfort in investing in a specific type of Business model, Industry, or Sector.
3. Also, remember that Fund will not invest in the competitor company of their portfolio company.
4. Interact with VC on various social media posts.
5. Ask for honest feedback after the call and ask them if they can introduce you to other Funds.
6. Send regular updates on the progress of your company.
7. Know the difference between an early-stage and a later-stage investor.
8. At the start of the pitch call, ask the VC their preference regarding the structure of the call. I often tell founders I prefer a pitch without a presentation. Often the best pitch is one where the founders have their story intact.
9. See if you can contact VC via soft introductions within your network.
They say if you seek advice you eventually get funding and if you seek funding you eventually get advice.
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