The life cycle of attracting investors

Welcome to?"Business Innovation Leadership," your weekly dose of actionable strategies and practical tips for Business Innovation – without the overwhelm.?

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In this newsletter, I will be focusing on the following:

• Two crucial elements that are often overlooked but are vital for your business's long-term success: are a strong team (including what almost all founders miss ) and strategic preparations. These takeaways are from the discussion panel about the life cycle of attracting investors moderated by Michael Spath at the Midwest growth capital symposium?I attended at the University of Michigan Ross School of Business on May 24.
• Upcoming events to support entrepreneurs, founders, and business owners.

Investors: companies that presented at the conference?can be found here

Founders: Michigan Small Business Development Center shared a 10 and 5 min pitch recommended topics and order?here

I. The life cycle of attracting investors:

Panel moderated by Michael Spath , with panelists: Douglas M. , Terrence J.L. Reeves, JD, MBA , Jeff Sloan , Ashley M. Williams

This panel discussion focused on crucial elements that are often overlooked but vital for your business's long-term success: a strong team and strategic preparations.

1. Team: Your Confidence Booster

Having the right team members can be a game-changer for your business. While you may have already considered various roles, two key players are often underestimated: an attorney and an insurance agent. These individuals are essential for external activities such as reviewing contracts and safeguarding your business's future. Including them in your core team demonstrates your commitment to long-term success.

2. Strategic Fundraising Preparations

The fundraising process requires meticulous planning and preparation. To maximize your chances of securing investments, consider the following steps:

Set up your data room: Create a repository of easily accessible documents for investors and lawyers. When approached for information, responding promptly within 12-24 hours signals your readiness to be invested in.

Insurance as a Financial Asset: Neglecting insurance can have catastrophic consequences for your balance sheet. Ensure that directors and officers are insured from the point of incorporation. As you approach revenue generation and customer acquisition, consider additional insurance coverage. The insurance cost can even be factored into large contracts, allowing you to mitigate risks effectively.

Collaborative Partnerships: Leverage partnerships and joint ventures during challenging fundraising periods to optimize your resources. Clearly define responsibilities and intellectual property rights to avoid any misunderstandings.

Trade Secrets for Protection: Safeguarding your business's intellectual property is essential. Establish robust processes to ensure your trade secrets remain confidential. Keeping your proprietary knowledge secure gives you a competitive advantage in the market.

3. Legal Preparation for Success

Invest time preparing legal documents to accelerate your fundraising and contract closure processes. Understand that due diligence requirements vary at different stages of investment. Proactively addressing legal considerations can expedite negotiations and close deals faster.

These are a few strategies to help you navigate the entrepreneurial landscape more effectively. Remember, a strong team and meticulous preparations lay the foundation for your business's success.

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• If you enjoyed this article, you might find value in my upcoming exclusive mastery circle: Actionable AI For Business. June 15th, 9:00 a.m. EST

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Upcoming events:

1. Unleashing team power: The secret to entrepreneurial success?Linkedin Audio with cohost?Marquicia Pierce, PhD, MBA, June 14th, 1:00–1:30 pm EST
2. Actionable AI for Business: Live Zoom: with me, June 15st, 9:00–9:30 am EST. Follow?Women Entrepreneurs in healthcare tech?to stay up-to-date.
3. FS Grow Networking thread: Host? Sammy Kariuki starts Sunday at 6:00 am EST (1 pm CET).
4. FS Stage: Cohosted by me &?Dr. David Wolff, June 13th, 9:30–10:00 am

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ALL my best:

Nadia

I appreciate your readership.

About me:?I am Dr.?Nadia Boutaoui, PhD, MBA (Healthcare),?founder & CEO at:

NanoNares Inc : Making drug development effective with better preclinical?testing for pharmaceutical companies using organ-on-chip and predictive analytics

Women Entrepreneurs in healthcare tech: Helping women entrepreneurs gain clarity and grow in Leadership and business.

Follow my company pages above!

PS: Let me know of subjects you would like me to cover in upcoming newsletters