Also read: Want to get funded? Here’s what you need to do!
Everyone is eager, thrilled to be backed by an investor. You may build the initial structure, can bring some hundred or thous and users, real wings for a great leap forward are added only when an investor believes in your venture and buys stakes.
How vital is it to prepare your idea prior to approaching a venture capitalist or a private equity firm? Ok, agreed that if the idea is a real game changer, it will speak for itself; but do ideas actually speak in this realistically unkind world that endures cut throat competition, with hundreds of ideas cropping up each day, thus explanation of your venture must overshadow that of others.
The foremost step is to find the right investor.
Do not get lured away with people who may wish to spend their idle cash on yet another startup idea. Also, you won’t like to enter into any agreement that would subsequently devoid you of running the business according to your plans, losing majority stake for initial bounty can take your idea to another horizon than what you envisaged.
Investor-Entrepreneur meets are a common scenario these days. You can google details of an upcoming event of this sort and can find a place where your idea will be accorded ears.
Venues, for say Y Combinator and others, have taken this to a digital-styled platform where videos by founders can be uploaded, a simple form be filled, and if chosen, you may get the golden chance to make it to the Silicon Valley!
While a name – of say a bigshot CEO or a renowned investment firm, like Softbank – can fetch you prompt fame, sustainability will lie in how appreciative is the relationship between founder(s) and investor(s); to keep it simple, why not bootstrap or crowdfund your idea!
Whatever be it, sell your idea with utmost belief, dedication and in clear terms. There isn’t any particular format to be followed; you can do away with all those project report templates available online, for investors too aren’t impressed with old ways.
Sell it like you are one enthusiastic user of your own platform, it will be appreciated.
Also read: Some considerable tips to find investors via linkedin
