article thumbnail

8 New Venture Smarts That You Can’t Afford To Ignore

Startup Professionals Musings

Additionally, you need to be able to communicate the essence that story and value to investors in a couple of sentences – your elevator pitch. Failure to prepare for due diligence. Not doing due diligence on the funding source. Lack of clear objectives/goals. Being unprepared for the next steps.

article thumbnail

8 Keys To That First Investment From People You Know

Startup Professionals Musings

Practice your “elevator pitch,” and end it by asking for the order. You need to convince them that you have been working on this vision for a long time, and have done the “due diligence” on all the potential knockoffs. Be upbeat and respectful. Daydreams and “the idea of the moment” won’t get much respect.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Startup Gaps That Will Frustrate Funding Efforts

Startup Professionals Musings

Additionally, you need to be able to communicate the essence that story and value to investors in a couple of sentences – your elevator pitch. Failure to prepare for due diligence. Not doing due diligence on the funding source. Lack of clear objectives/goals. Being unprepared for the next steps.

article thumbnail

8 Entrepreneur Mistakes Which Will Kill Seed Funding

Startup Professionals Musings

Additionally, you need to be able to communicate the essence that story and value to investors in a couple of sentences – your elevator pitch. Failure to prepare for due diligence. Not doing due diligence on the funding source. Lack of clear objectives/goals. Being unprepared for the next steps.

article thumbnail

Eight Ways to be Your Own Worst Enemy for Funding

Startup Professionals Musings

Additionally, you need to be able to communicate the essence that story and value to investors in a couple of sentences – your elevator pitch. Failure to prepare for due diligence. Not doing due diligence on the funding source. Lack of clear objectives/goals. Being unprepared for the next steps.

article thumbnail

Top Eight Reasons Startups Don’t Get Money

Startup Professionals Musings

Additionally, you need to be able to communicate the essence that story and value to investors in a couple of sentences – your elevator pitch. Failure to prepare for due diligence. Not doing due diligence on the funding source. Lack of clear objectives/goals. Being unprepared for the next steps.

article thumbnail

Do You Have What it Takes to Attract Investors?

Startup Professionals Musings

Can concisely explain the unique, compelling value of the proposed venture in written terms and in oral presentations (elevator pitch), recognizing that some investors rely more on one than the other. Allows sufficient time to find capital, including due diligence time for investors. Listens before answering questions.