This article provides a comprehensive guide on how to successfully pitch and fundraise as an entrepreneur. The author, Nathan Beckord, shares his expertise as the CEO of Foundersuite.com and host of the How I Raised It podcast. Here are the key takeaways:
- Create momentum: Fundraising is a marathon, not a sprint. You need to constantly create opportunities with investors and keep the momentum going.
- Follow up immediately: After a pitch meeting, send follow-up materials and next steps on the same day. This shows that you’re proactive and committed to closing the deal.
- Use e-signature tools: Use tools like HelloSign to automate the process of sending pre-signed documents, making it easy for investors to sign off.
- Prioritize fundraising: Make fundraising your No. 1 priority in life. Respond promptly to investor emails and create a huge pipeline of potential meetings.
- Create an abundance of opportunities: Run fast and create multiple opportunities with investors in your space and stage.
Additionally, the article provides bonus tips on how not to drop the ball:
- When you get an email from investors, drop everything and answer it.
- Create a huge pipeline of investors to keep momentum going.
- Use tools like e-signatures to automate processes and make it easy for investors to sign off.
- Stay on top of follow-up emails and phone calls.
Overall, this article provides actionable advice for entrepreneurs looking to successfully pitch and fundraise. By following these tips, you can create momentum, stay organized, and increase your chances of securing funding.
