You are launching your startup! After reviewing the legal structures available, you decided on the LLC structure for your venture and have filed your Articles of Organization with the state. Now what?
Topic: How to Get Funding
How to Build a Winning Team
How to Create a Strategy, Vision and Mission
How to Create an Advisory Board
How to Get Funding
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Preparing the due diligence package is no longer a separate, sequential item. Once the major items related to the startups stage of development are completed, the due diligence package is ready for the investor.
Entrepreneurs have numerous options for obtaining funding to explore and validate their startup concept.
A principal goal in the life of a scalable startup company is getting external equity funding. The closing of a funding round is cause for celebration. However, founders are often left with a somewhat bitter-sweet taste when they realize what just happened.
Every scalable startup will require external funding. A great team with an amazing idea where there is a clear demand is still DOA without the finances to make it happen.
“Seed funding has become the ‘participation award’ of startups.”
There are a variety of reasons for this reaction from investors:4 Reasons Why Startup Investors View Debt As A Mortal Sin! To avoid the purgatory of being non fundable, entrepreneurs should consider the investor’s view and structure their balance sheet in an “investor friendly” manner before submitting an executive summary and financials to startup investors for consideration.
Concept stage startups are usually funded by entrepreneurs, family, friends and individual angels. An opportunity has presented itself to you, an idea for a scalable business you see clearly in your mind. How much is your idea worth? It all depends on what you do with it.
For want of the IPO, the decades newest Unicorn was lost. And all for the want of the appropriate tools.
The entrepreneur seeking investment from major corporations with investment arms should recognize there are many advantages to seeking and obtaining such investment. However, such investment should be sought with the entrepreneurs’ having a strong understanding of their startups objectives and opportunities, and the strategy and fit with the potential corporate partner.