![]() ![]() It's better to have 2-3 founders than be a lone wolf or a cast of thousands. ![]() It doesn't matter how great your invention or innovation is if people can't relate, and if of you can't speak their language.' 'Many entrepreneurs unfortunately overlook the value and importance of storytelling, and focus on technical info, which investors and consumers simply can't relate to. More importantly, it's something you can sell. Storytelling is incredibly important and helps evoke the human side of what you are doing. ![]() This means building channels that give you traffic without having to invest capital in order to acquire users.' 'Note that investors will be more interested in organic growth. Make sure there is some way in which you are able to beat the competition, otherwise why would they give their investment to you and not them? It's important to remember that they are not buying your product or service-they are buying a part of your business. Proof of demand and potential for scaleīe sure to know what your potential investors do and don't want.Being able to show you already have revenue is a powerful thing.Įventually, look to merge your business plan with your fundraising plan and tie this to key milestones that you hope to achieve: Before trying to get too much money in the door, have a working product that people are paying for. ![]()
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