Investors Want a Winner: 5 tips from a VC turned startup founder
* This is a shortened version of our newsletter at Meet.Capital . Every week I interview startup founders, investors, and experts on our podcast, then share the insights and takeaways in our newsletter.?
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This week at the Meet.Capital Startup podcast our guest was Bo Abrams , co-founder and CEO of kommu , a home-sharing platform connecting users with and through their personal and professional networks. Before founding kommu, Bo worked for several years in the VC industry, giving him a unique fundraising perspective. I have been working with Bo and saw up close how his professional approach helps him raise money while growing his startup.?
Here are 5 tips Bo has for startup founders on their capital raise:
1. Be strategic about who you reach out to and when. Practice your pitch with lower-priority investors first to refine it before approaching your top choices.
2. Share detailed progress updates with current investors monthly, but keep prospective investors informed with less frequent, strategic updates. Don’t expose them to unnecessary information. You want to keep them curious so that they might want to reconnect and invest later on.?
3. Send an email update to all those who can help you with introductions to investors, especially other founders. In these emails, celebrate your wins and acknowledge those that helped you connect with each new investor, to encourage continued support and more introductions.
4. Be bold in your fundraising efforts; confidence and persistence are crucial to standing out, growing your investor network proactively, and handling rejections.
5. Focus on presenting a positive, successful image to investors, emphasizing achievements and future potential over difficulties. Investors want to invest in winners, let them know you are one.?
That’s all for this week.?
Yours,?
Tzakhi and the Meet.Capital team
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Founder/Director of Product Design & Strategic Markets - Deaf-Tek Studio
7 个月Enjoyed the refreshing approach to this thru the dual eyes focus, and the main take as always should be... the business will not make you money, the people who manage it will... Priorities, Commitment and Persistence will outrun your funds, financial wizardry & intelligence, but also assumes it be a known & acknowledged problem with a significant market size, and the real need to increase this market value proposition has been well documented thru research or market media sites... Market Pending Growth, Cost Savings thru Innovation, New improvements in Operations or Delivery methods focused on Customer Satisfaction and/or Higher Quality products and Services... AND the right Team to Deliver the Message...