In this episode of the Entrepreneur Strategy Series, two investors describe best pratices for entrepreneurs who approach investors for funding.
One excerpt from Abby:
What I will say is that it's like investors aren't investing in ideas. So just having a great idea is not enough. It's not something that anyone is going to invest in, unless it's like someone who knows you really well, but then they're not really investing in the idea, they're investing in you.
From Naomi:
I think I echo a lot of everything that Abby said and I think notably she touches on two really critical components that are helpful to just understand before you jump into it. One is kind of what is the typical pre seed evaluation framework which Abby touched on via we're making a bet on you. We're really thinking about the founder first, so I'll touch on that in a moment. The second one, it's actually a common pitfall, is really trying to pitch the business or why it's such a great idea versus pitching an investment opportunity.
Listen to the podcast for more tips and expert advice!
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.