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Completing your first capital raise: ten lessons for startups

NZ Entrepreneur

Kiwi inventory forecasting software StockTrim achieved international sales in the UK, Australia and US immediately after launching in 2017. Ice Angels chair Michael Murphy liked what StockTrim were doing and was happy to become chair of StockTrim’s board of directors and become one of the first investors. “He

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Start With an Initial Assessment

Up and Running

Tactics are the things you’ll do to achieve your goals, like the way you’ll talk about product benefits, how you’ll structure and test your pricing, methods for distribution, marketing activities, and so on. For an initial assessment, just do a sales forecast. In a Lean Plan as a simple assessment, you keep this to simple lists.

Lean 182
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Lean Business Planning with Tim Berry [VIDEO]

Up and Running

That’s the sales forecast, the spending forecast and the cash flow. Having said that, if you are, what I see in our group is the lean business plan is initially in the background, it’s your screenplay for your movie. Tell your angel investors a story about need. That’s a lean business plan.

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Term-sheets and Valuations: Thinking about Negotiations - Startups.

Tim Keane

.   For individual angels and others investing their own money, this may be more fluid than for someone with responsibility for a managed fund. For angel groups, the distinction between groups and VCs on this issue is dwindling, especially as angel groups do bigger rounds of financing.