Where do great start-up ideas come from? And how do you know if your idea is worth investing the years of hard work it will take to make it a success?
The process of actually getting investment into early-stage startups is often surprisingly long and painful to people who haven’t gone and done it yet. Especially for startups, it is extremely challenging to raise funds: One in four businesses, surveyed by the NSBA, were not able to receive the funding they required, which led to limiting the growth of their business (Schmid, 2020).
Successful interactions with investors depend on prioritising information to enable efficient decision-making and agreed plans of action. Both updates and board meetings benefit from being highly organised so that they focus on what progress is being made towards the startup’s objectives, and how future strategy can be shaped to improve performance.
Angel investors are wealthy individuals who put money into startups early on, and receive part ownership of the business in return, which usually comes in the form of equity. Angel investors also advise and assist the founder in growing the startup so that it can begin to generate revenue quickly and reliably.
Do you have a good idea, a team with hard-driven colleagues and made a start with your product or innovative service? The only thing missing right now is a startup funding?
Do not worry - Pitchdrive got you covered!
