Fund raising for your new start up

March 1, 2011 at 10:33 pm 2 comments

I read an article on how entrepreneurs can work up some capital for new start ups using ten basic tips.  1. Meet angels via the entrepreneurs they’ve funded.  2. Avoid approaching investors in July, August, and December.  This is because the investors are often preoccupied from family vacations and time off.  3. Let investors help you refine your pitch.  4. Skip the jargon.  5. Be coachable.  Investors will also offer advice for start ups since they have the experience, the better the company does the better the investment returns.  6. Entice friends and family with merchandise discounts.  This can offer initial investments while letting the family a bit of a break.  7. Tell a story.  A story works very well when it become emotional for the investor.  8. Recognize that investors come from unlikely places.  9. Concentrate on landing a lead.  The first investor could go out and tell investor buddies about a good investment which will bring in more.  10. Target investors that have invested in your field.  Investors that are familiar with work you will be doing are a bit more lenient in lending.

http://www.businessweek.com/smallbiz/content/feb2011/sb20110218_509239.htm

Andrew

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Work is Never Over Made To Stick

2 Comments Add your own

  • 1. alexandriamisr  |  March 7, 2011 at 9:38 pm

    I think this is rather interesting advice! “Avoid approaching investors in July, August, and December. This is because the investors are often preoccupied from family vacations and time off.” I would think they would have normal work hours, so why give certain months for them not to be bothered?

    Reply
  • 2. amapes  |  March 15, 2011 at 8:16 pm

    As an entrepreneur you want to be seen as driven or devoted to your work not greedy or desperate, this concept has merit. Chances are high for vacation time in those months and if an investor were approached before a vacation he or she would not look at your business until they return which could be forgotten.

    Reply

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