Most investors don’t close right away. In fact, it typically takes 4 updates before an investor commits. Many startups simply fail to send updates and therefore don’t close deals.
For all the investors in your pipeline, be sure to follow up every 3 to 4 weeks with the following progress report:
SALES – What sales have you closed in the past month? What’s in the pipeline for next month? Read more...
My friends at Angel Camp visited us today, and we discussed how to invest in startups. One of the best questions was how do you know if a tend is worth investing in or overhyped?
MY ANSWER: Don’t bet on the trend alone. You need to look deeper. You need to analyze what value the startup is creating for their customers. It’s not enough to be using a new technology like AI or blockchain. Read more...
Before forgoing venture capital, I want you to honestly ask yourself these questions:
• Do you like the idea of living off of rice and beans for years?
• Do you mind slaving shoulder-to-shoulder with underpaid, sweaty teammates in a space far too small?
• Can you handle the endless nagging of concerned friends and relatives?
• Are you skilled at begging?
• How about convincing your team to stick with it and not to get real jobs? Read more...
As an entrepreneur and an investor, do you often ask yourself: what is the difficult part of being creative? When will my innovation be profitable? And is it really the idea that lies at the heart of entrepreneurial success?
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You’ll like this new cap table tool…
Build and share your cap table, conveniently and securely in the cloud. Create and issue stock classes and convertible instruments.
If your startup is really hot, investors probably won’t object to having your $100k treated as a loan. However, most investors don’t like the idea of their capital going to payback founder loans. After all, they are investing in the company and want 100% of their capital to be put into growing the business.
With this in mind, it may be in your best interest to consider your investment as a non-reimbursable expense. That’s what investors would prefer. Read more...