HomeRoots Pitch Deck | Investor Insights | April 2024
10 take aways for startups looking to raise funds
1. 10 Take-Aways for Startups
Looking to Raise Funds
Crederity Blog
www.crederity.com
2. 10 Takeaways for Startups Looking to Raise Funds
Capital is a crucial issue while starting up a venture and an entrepreneur or a group
of entrepreneurs need to look out for various ways out for raising funds. Precaution is
a must at the start as any financer can take undue advantage of your situation.
Before starting always gauge the fund necessity of your business and how much
initially you can put into it, because the first funding should always come from you.
This shows that you believe in your own venture and are confident about its success.
Your monetary limits decide the initial limits of your funding. By following few steps
you can easily get good funding from others as well.
3. 1. Evaluate funding need: Firstly, try to find out how much fund is needed
for initial start up. This will help you to understand basic funding needs for
starting your venture. Try to cover up all the segments of business in this
evaluation.
2. Funding limits: Depending upon the evaluated fund needed to startup a
business tries to find out how much fund you can raise yourself at the start.
This will make you deduce the amount which is to be raised from outside.
3. Build a plan: Although no one asks for a fully developed plan at the start
but investors do need to feel interested in your venture and for this you
should put down the potential and growing possibilities of your business. Put
a general summary of your business on paper or if possible get it written from
an expert. Basic factors like market needs, sales strategy, business
description and projection of finances should be included.
Take advantage of 10 takeaways for startups
looking for raising funds:
4. 4. Entertaining with service providers: Develop good contacts with service
providers like legal firms, bankers or auditors. Go out with them and let them
entertain you. They will focus attention on you in the hope that once sufficient
finances are raised for your venture you will hire their services. These people
have good connections and will give you good references or introduce you to
interested investors.
5. Find out advisory sources: There are many universities which help
entrepreneurs in their initial capital raising. Check whether you can apply
there and find out the various criteria for making your business eligible for
funding from them.
6. Join entrepreneur encouraging groups or associations: Many leading
institutions and industrialists join together to form a forum to support
entrepreneurs and help them in fund raising. You can try for registering here
and take the advantage.
5. 7. Be a part of technology council: These technological councils charge only a small
amount of money for joining but open a flood of opportunities for getting good referrals and
potential investors as well as sellers and buyers.
8. Announce your plan in public forum: Try to get space for making it to the public
forum where entrepreneurs are given opportunity to showcase the salient features of their
business. Many successful entrepreneurs and businessmen attend the function and your
business plan might gain a good funding from them.
9. Establish Trust: Establishing trust is utmost importance, you must tell your potential
investors that you are not a fly-by-night company and will stay in business for a long time.
Before putting in the money the investor will definitely like to verify the authenticity of the
team members and the business.
10. Joining a group: Many corporate groups want to diversify and are on the lookout for a
professional in the concerned field who can be trusted. You can share some of your
business with such groups and get fund in return.
6. Things you should do if you looking raise fund
Get a Crederity Trusted Seal to establish trust with investors.
Verify your new and existing hires.
Verify your partners, suppliers, vendors and customers/clients.
Read case studies for assessing Crederity Verified Program
Educate people by sharing this post in your network.
Give your feedback by writing a comment or contacting us.
Thank You!
7. Things you should do if you looking raise fund
Get a Crederity Trusted Seal to establish trust with investors.
Verify your new and existing hires.
Verify your partners, suppliers, vendors and customers/clients.
Read case studies for assessing Crederity Verified Program
Educate people by sharing this post in your network.
Give your feedback by writing a comment or contacting us.
Thank You!