The worst version of a fundraising ask is “we need $3M to give us 24 months of runway”.
The best version is “we need $3M to accomplish these 3 critical projects we have planned that will take us from X users/revenue to 5x in 18 months.
We need these 4 new positions to pull it… Show more
Wiztwitter.comThe Art of Startup Fundraising: Pitching Investors, Negotiating the Deal, and Everything Else Entrepreneurs Need to Know
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Angel Investing: The Gust Guide to Making Money and Having Fun Investing in Startups
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“Less is more” when it comes to an investor presentation. There are only a few key things most VCs look at to understand and get excited about a deal: the problem you are solving, the size of the opportunity, the strength of the team, the level of competition or competitive advantage that you have, your plan of attack, and current status. Summary f
... See moreBrad Feld • Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist
Planning the Ask
A good ask has several components:
A vision of a better world that you believe in, they believe in, and your mission serves
An immediate need that you have (“We need a new X / Y”)
A specific amount, that they can give, which fits the need
A clear connection between their gift and the solution to the problem.
A good ask has several components:
A vision of a better world that you believe in, they believe in, and your mission serves
An immediate need that you have (“We need a new X / Y”)
A specific amount, that they can give, which fits the need
A clear connection between their gift and the solution to the problem.