?? How Startup Funding Works +The Emotional Phases and Ways to Deal With Them Raising funds and pitching to investors is all about answering: What does the company do? What makes it special/unique in some way? Why is now the time to launch/scale it? What will it take to succeed? How big can it grow? Who are you and your co-founders? Sounds simple enough. But for every pitch, every stage, every round, every rejection, and every success… There is an emotional rollercoaster that founders need to go through. 1?? Anxiety It’s easy to get overwhelmed by the 100 things you need to do before you pitch. Anxiety can creep in when you don’t have anyone else to rely on with these things. Get someone you trust to help you. 2?? Exhilaration It’s good to get excited when meeting investors. But don’t expect them to be on board right away. It’ll take more than a few meetings to successfully convince an investor. 3?? Disappointment It’s always hard to find out they’re not interested to invest. Don’t take it personally. Sometimes, the fund and your startup were just not a good fit. Always call to ask why they rejected you. 4?? Hope All it takes is one to say yes. So you keep moving from one investor to the next. But also remember to nurture and build these relationships. You never know when they could help you in the future. 5?? Optimism There’s nothing quite like closing a round and holding that term sheet ready to be signed. But don't jump the gun and spend on offices and new hires without it being a done deal. Also, remember the money is only there to help you grow; you still need to do the hard work to get it done right. My advice ?? Before you go raise money, please make sure you have: ? Love at home. ? Good health and lifestyle. ? Time to do what matters most. Compared to love, health, and time, money has very limited value. #sorgenfrei #wholehumanapproach #business #startups #leadership
Peter Sorgenfrei best startup process post i seen so far
Peter Sorgenfrei what if someone forgets to include cofounder in the plan, thats me
Peter Sorgenfrei great graphic it's the human aspects of this splitting that interest me the most. The 100% of nothing to smaller slice of a bigger pie makes rational sense but for those whose identity is strongly tied to the organisation they build this slow dilution can feel existential.
I like the chart, but attorneys do the IPO paperwork and sometime get shares (e.g. WSGR).
This is such a great visualization! Thank you for sharing
...and remember to brush your teeth and take a shower before meetings (..you would be surprised) ??
Thanks for posting. Great infography !
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