Hello, this is Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.
In raising funding, start with your own network. Set up calls with angels, family offices, and others who you already know.
Since the relationship is already built, it’s much easier to set up the meeting.
These investors can give feedback on how to improve the business and the pitch.
Practice with your network first before going to other investors who may not give you feedback and certainly won’t be as easy to contact and set up meetings.
Once you have done your pitch practice and received the feedback you need, you can focus on the right type of investor for your deal.
It could be an angel, venture capitalist, family office or other early-stage funding investor type.
Consider the risk and returns your deal offers and approach the investors who match your startup.
Venture capital wants 10X home runs on every deal.
Angels want a 3-5X return in the next 3 to 5 years.
Family offices want a good return but will patiently remain longer.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.
Let’s go startup something today.
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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.