Wanna raise capital for your biz but don’t know how? In the latest FMC course 41, Let’s Raise Some Capital, Jill talks with Sue Mulligan of Agile Advisors. Sue tells you who you gotta know to get an introduction to a VC, what you should have in your pitch deck, and what “due diligence” really means.
What do I need to raise capital?
Raising capital can be scary, but as long as you’re prepared, it doesn’t need to be. Typically, you’ll need an elevator pitch, executive summary, and your pitch deck. You also won’t get an automatic introduction to a VC, so who you know can help. This includes your lawyers, your accountants, developers (if you have an app), and important investors. Don’t forget to ask your network for connections!
If you’re a service-based organization, it is easier to bootstrap, says Mulligan. But you can raise capital, too!
What should I expect in a meeting with a VC?
Your meeting will last 30 minutes start to finish, according to Mulligan. Her advice is to not waste it by going over your pitch deck again; assume the VC has read what you’ve got to offer. This is also not the time to be shy: You can’t send a person in your place. You want to be able to evangelize your product.
Also, expect that due diligence will happen. A VC’s team will be checking your financials and projections, any key contracts you have, legal bills, and patents.
Okay. Let’s raise some capital!
If you want to get practice raising capital for your biz and get step-by-step advice for your pitch deck and more, this course can help.
Jill knows that you can do it and Sue knows how you can do it.
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