I was always worried, make that panicked, about getting investor meetings when I was raising money. I didn’t have a network, yet I was able to arrange meetings with 64 investors and raise my initial funding of $12 million.
Today, I’ll share with you the five step process I used to get investor meeting and raise funding. I hope you like it.
Let’s start with…
Step One: Should you be raising money?
Just because you want to raise money doesn’t mean you should be raising money. Raising startup funding is incredibly hard.
Fundraising is essentially a full time job stacked on top of your other full time job of running your company. Plus, you’re likely to be fundraising for a long time.
The average successful fundraising takes six months. Six months! But it can take even longer. In my case it took two years for us to raise our initial $12 million of funding.
Finally, there is the real chance you might not be successful raising funding. For every 100 meetings an angel investor or VC takes, they will invest in one company. That’s it.
My point is that you should only raise funding if there’s no other way for you to grow your company. Otherwise, wait to raise money until you’ve made…
