There are many articles focusing on how to create a perfect pitch deck, but few that really give you the inside look on how to behave in your big investor meeting. These guidelines will help significantly improve your odds of getting funded.
- The meeting should be a dialog. No one wants to listen to a 50-minute monologue – investors will get super bored. Make your points quickly and let them ask questions. The good talking-to-listening ratio is 60/40 (60% talking, 40% listening).
- Keep so simple so my Grandma would understand. Investors are smart but they don’t know everything. If you can’t communicate your idea in two sentences and simple words that mortals use, your customers may not get it either.
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Getting rich and becoming a millionaire by the age of 30 seems like an impossible task for most people. But here are the steps that could help you become a millionaire if not by your 30’th birthday, then maybe by the next one.
1. Follow The Money – focus on increasing your income in increments, don’t sit and do nothing with yourself and your money.
2. Don’t Show Off – people care about your work ethic, not your luxury cars or a huge house. Also, do you really need those things? Spend money wisely. Keep reading this post
Venture capital is largely an exercise in intuition and pattern matching. This analysis published last year by the venture capital firm First Round Capital provides insights into the firm’s unique data on over 300 companies and nearly 600 founders, including founder characteristics such as age, gender, education, firm location, and prior work and startup experience. The analysis helped discover several factors that correlate with success.
- High-performing investments tend to have at least one female founder. This is a great reminder of the importance of female entrepreneurship and of the opportunity that VCs may be missing out on. Female-founded startups outperformed 63% better than investments with all-male teams – but they are still a minority of investments with approximately 18% of new VC-backed ventures in the U.S. being startups with at least one female cofounder.
- Younger founders tend to outperform older teams even though the average age of an entrepreneur is approx. 40 and entrepreneurs improve with age. If we look at companies like Facebook, Apple, Google – the average age of the founding teams is approx. 23. Seems like younger entrepreneurs seem to be a key factor for success.
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It took four years for the Title III of the Jumpstart Our Business Startups Act (JOBS Act) to be officially enforced on May 16, 2016. Investment crowdfunding in the US is heavily regulated as compared to the UK, where regulators have been slightly more lenient which has resulted in Crowdfunding being widely viewed as a success in the UK.
The Congressional “Father” of Title III of the JOBS Act, Rep. Patrick McHenry, introduced the “Fix Crowdfunding Act” into the House of Representatives. Its provisions are focused on Keep reading this post