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MrGlitterati
MrGlitterati
July 26, 2017

Venture Capital

  • July 26, 2017
  • 2 replies
  • 0 views
I thought I might reach out and ask if anyone has suggestions with regard to reaching / securing (software related) Accelerators and or VCs? We're beginning a funding round and all suggestions are welcome. Note, yes our pre-money valuation is complete, business plans, budgets, etc. and this is a new product we will be releasing. We recently added our company to Gust, but no others just yet.

      2 replies

      LeslieBarber
      LeslieBarber
      July 27, 2017

      Hi! First, congrats on going out for funding. It's an exciting and exhilerating time... and also challenging, right? You now have 2 jobs - running the business AND getting funding. :) I found an interesting resource... There is a section of the QuickBooks website on financing and I saw some cool articles on VC and raising money. Check it out here: https://quickbooks.intuit.com/r/financing-funding/. Let me know how I can help further! I went through this with my company so I know it's not an easy process. Cheering for you!

       

       

        cpajoe
        cpajoe
        July 28, 2017

        I'm reading Angel by Jason Calacanis, just published where he goes through the steps of becoming an angel investor, and the steps along the way. Use this guide as a benchmark to see what steps you have taken and how to take the next one.

          ChrisAccountifi
          ChrisAccountifi
          August 4, 2017

          I took a look at your listing on Gust. I wasnt sure that I understood what you were pitching.

          I would recommend changing the message to be more investor oriented. What is it that you are offering the investor?

          An opportunity to 5x the money in 5 years? Why would an investor want to invest in you, your team, your idea and your company. 

          Also, if you continue with a product-oriented message, I think you have to clarify what it is you will do for your market. "New and innovative solutions" is pretty general.

          It doesnt look like you've begun sales. What interest have you had in your product to date? Any committments?

          Look for companies like yours that have scaled and see who invested. Reach out to "likely candidates" first and if they aren't game, perhaps they can connect you with someone else who could be game.

           

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