How to raise 1 million in start-up funds?
Quote from barbapappa on June 20, 2018, 11:57 amOur client is a business owner of an SME, and they are doing business transformation now and looking 3-5 year go IPO, looking for funding raising and investors.
What can we do for them?
Our client is a business owner of an SME, and they are doing business transformation now and looking 3-5 year go IPO, looking for funding raising and investors.
What can we do for them?
Quote from Martin Schweiger on June 20, 2018, 1:04 pmYou can do a lot for them.
Just to give you an example, in a specific case which resulted in 11 investors putting in 1+ million US$, the total work time spent was 1,800 working hours over 4 months time, which means 600 hours for a start-up coach, and about 1,200 working hours for his two assistants.
This is what has been done:
- dedicated 4 months of time of one experienced start-up coach + 2 assistants exclusively to fundraising
- pitched at 8 different startup events
- made over 3,000 attempts at contacting investors (email, call, LinkedIn, etc.)
- made contact with over 600 investors (i.e. they responded)
- gained a meeting or pitch with over 80 investors
- went into due diligence with over 20 investorsResult: 11 different investors invested funds worth 1+ Mio US$
In addition, there were provided the marketing materials, which included lean canvas, customer interviews, create a basic branding package (logo, domain name, color scheme), developed some basic content (mission, about, value proposition, elevator pitch), developed a basic web presence (landing page and wordpress site, claim and setup social media pages), joined all the major startup platforms (f6s, gust, proseeder, angel.co, crunchbase), and keep all that alive.
You can hire someone to do the all this, but be prepared to pay a high commission, and also for upfront retainer payments.
Or you get the infrastructure (webpage, landing pages, Google Adwords, CRM system, LinkedIn profiles, etc.) and the know-how together and provide the work time yourself.
Check out my webpage, it is all there.