It’s not practically possible for angel investors and venture capitalists to show interest in each and every pitch they get from founders. On the other side, even budding entrepreneurs with some unique ideas need not talk to hundreds of investors to attract funds in the initial stage. Luckily, finding investors for your startup in India has got easier and less time-consuming than before.
A few tips that will help you in raising adequate funds from the right investors are:
Create a profile on AngelList
How can anyone know about your idea if
you don’t publicize it online? AngelList is an efficacious platform that
informs prospective investors about your company and the products and
services you render. Once you’ve created an impressive profile, share it
in your formal and informal groups, and ask for references. This will
enable you in quickly getting acquainted with several investors and
increase the possibility of receiving at least one big investment in the
end.
Prepare a record of investors to share your ideas with
If you have some big names in your mind
whom you want to meet and share your ideas with, then ensure you pen
them down somewhere. After preparing the list, approach the experienced
entrepreneurs and request them to further shortlist the names which seem
appropriate for your startup. Taking assistance from knowledgeable
entrepreneurs will be a win-win situation for you, as you not only learn
the art of selecting investors, but also know which investors are worth
your time beforehand.
Brush up your networking skills
If a known person refers your startup
idea to the investor, your chances of attracting funds will be fairly
bright. After preparing the final list, do proper research on every
investor and see if you have any acquaintance in common. Once you find
them, meet them personally and tell them how your startup stands out
among the rest. This way, your mutual connection will feel more
confident in pitching your ideas to the investor.
Have a classy intro
They say, the first impression is the
last impression. When you’re set to introducing your company to the
investor, you need to be cautious enough to draft mails which are both
crisp and alluring for the investor. Moreover, the style of writing a
draft mail will vary from one investor to the other. So, you’ve to pitch
carefully and uniquely!
Tell them why they should invest in your startup
Founders seek the best investors and vice-versa, and this is what keeps the business cycle going. If you share business goals and long-term objectives in the initial stage, it will show how much passionate and dedicated you are about your business, and how promising it can be for them if they choose to invest in it.
There is no sure-shot method of getting funds from investors, but perseverance is the ultimate key. You may hear NOs from many, but don’t let that get you down. Even if you don’t receive any revert from the investor, stick to the follow-up approach, and keep them updated with your startup’s activities.
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