Raising capital is like sales most people need to pitch to 50 potential investors, to get 20 2nd meetings, to get 10 interested, to get 5 completing due diligence, to get 2-3 term sheets.
- Spend little resources to build a prototype of your Idea to show it to the investor
- Before you ever consider talking to potential investors about seed capital, get out and meet with potential customers.
- Before pitching to an Investor be prepared to accurately portray how your business will scale.
- Become familiar with all of the verbiage and vocabulary of seed stage term sheets and valuations.
Tags: seed capital, raise, tips, investors, startup.