Things I wish someone had told me about fundraising

#1

Post by stevencorcoran » Sun, Mar 09, 2014, 11:17 AM UTC

Things I wish someone had told me about fundraising
blog.lawnstarter.com

Re: Things I wish someone had told me about fundraising

#2

Post by Rulero » Sun, Mar 09, 2014, 1:35 PM UTC

This came in really handy as the startup I am currently working on is currently looking for fundraising.

If anyone has any other valuable tips to share please do so. I'm very keen to hear other experiences.

Re: Things I wish someone had told me about fundraising

#3

Post by deathflute » Sun, Mar 09, 2014, 1:41 PM UTC

Couple of questions for the original poster -

1) Were you already profitable or had revenues when you started fundraising?

2) How did you manage to get intros to Angels?

Re: Things I wish someone had told me about fundraising

#4

Post by stevencorcoran » Sun, Mar 09, 2014, 1:46 PM UTC

deathflute wrote: post #3

Couple of questions for the original poster - 1) Were you already profitable or had revenues when you started fundraising? 2) How did you manage to get intros to Angels?

^ 1.Yes to revenues, we did an alpha test at the end of last season that was very small, read 10k. Built out technology, serviceable area, and started preselling. Keep in mind we are a seasonal business.

2. What we found were the best intro's were from Founders of companies they had funded. We are well ingrained in the Blacksburg community and were able to go through local angels who we had developed relationships with over the past months or get intro's from community members farther along the startup lifecycle.

Re: Things I wish someone had told me about fundraising

#5

Post by jordanmessina » Sun, Mar 09, 2014, 1:56 PM UTC

Rulero wrote: post #2

This came in really handy as the startup I am currently working on is currently looking for fundraising. If anyone has any other valuable tips to share please do so. I'm very keen to hear other experiences.

http://www.paulgraham.com/fr.html

http://www.paulgraham.com/convince.html

http://www.paulgraham.com/herd.html

Re: Things I wish someone had told me about fundraising

#6

Post by deathflute » Sun, Mar 09, 2014, 2:07 PM UTC

stevencorcoran wrote: post #4

deathflute wrote: post #3

Couple of questions for the original poster - 1) Were you already profitable or had revenues when you started fundraising? 2) How did you manage to get intros to Angels?

^ 1.Yes to revenues, we did an alpha test at the end of last season that was very small, read 10k. Built out technology, serviceable area, and started preselling. Keep in mind we are a seasonal business. 2. What we found were the best intro's were from Founders of companies they had funded. We are well ingrained in the Blacksburg community and were able to go through local angels who we had developed relationships wi…

Thanks. Good advice on getting intros.