Is this your case?
- You have a billion-dollar idea but it requires capital to get started and you don’t know how to fund it.
- You have a through-the-roof ambition and you’re looking to scale internationally.
- You’re going to raise capital for the first time and you’re looking to become confident in the process because you don’t want to waste time and money.
And are these some of the doubts you have?
- How do I find investment? Is that even possible?
- Can I raise capital from investors? Even if I look really young and inexperienced?
- How could I ever be sure that I have what it takes to become an entrepreneur?
- How can I find investors? Do I have to network for 1 year?
- What’s the raising capital process like? I mean, step by step?
- And how do investors think? What are they really looking for?
I heard you loud and clear!
These are very common doubts, first of all, because no one’s actually educating you on how to raise capital through a system and, secondly, because most of the websites and blogs you can find about the subject are targeted at later stages of fundraising. It is not like there is a specific degree on how to disproportionally skyrocket your odds of raising investment for beginners.
How are you supposed to feel more comfortable and confident about raising money for your brand new startup if some of the best advice you can find online, for example, are recommendations like:
- Hire great advisors! You need to learn from the best!
- Appoint experienced directors on the right board sits!
- Get the right lead investor!
My question is: what sort of idea-stage startup just getting started has the money to hire great advisors? Or appointing experienced directors? If you don’t even have sales, how can you expect to pay salaries to experienced directors? And getting the right lead investor? What’s a lead investor, in the first place?
That’s why I’m here to help you with the mentorship and guidance from someone who has been part of a Corporate Venture Capital firm and was exposed to hundreds of highly successful entrepreneurs and investors.
SIGN UP and grab my FREE 10-Steps Quick Guide on How to Raise Money For the First Time, and all my best stuff on overcoming one of the hardest barriers for any entrepreneur: Finding Investment.
Outrageous success comes from thinking different, being different
and having the confidence to always do what feels right. – Marie Forleo
Some articles written for you
How exactly do you create the next Airbnb? Or the next Instagram? Perhaps, the next Slack, Whatsapp, Twitter, Uber, Snapchat, Google, and we could go on forever. How do you create a tech startup?
Every time I remember my first meeting with an investor, I cannot avoid laughing a little bit. We were in the middle of 2015, two friends and I were creating our very first startup – Walkamole, a business that generated more than 80k€ in revenues in less than 6 months (feel free to read the story here) – when we decided that, out of curiosity, we could talk to an investor, you know, just to “see what we could work out”.
Let’s face it: 4 in every 5 people nowadays hate what they do every single day and, as it turns out, 47% of the whole working population is looking to create a side hustle, whether to simply earn more income, or to actually do something they love, or even to have a shot at living their dream lifestyle.
Now, in spite all of the reasons that have led us to this transformational paradigm – that I’d love to discuss, but let’s save it for another article -, the fact is a lot of “wantrepreneurs” continue to get stopped by two major issues. One of them is quite practical, while the second one is way more related to a deep-seated fear that all human beings have.
Here they are:
- Lack of capital
- Fear of rejection
The whole Shark Tank paradigm has helped to perpetuate this terribly wrong notion that raising money is a simple and linear process that can be done in a 20-mins session. Who would imagine that you can go on a TV show to raise money?
The problem? People actually believe that’s how things work in reality.
And this is why we tend to see so many young entrepreneurs that are rightfully trying to launch themselves into a life full of accomplishment and end up quite frustrated because they can never raise the capital they think they need to create the next Uber.
One of the greatest reasons for not starting a business is related to the lack of capital. According to a Selz.com 2015 report on side businesses, the principal criterion stopping people from running their own company is, by far, the funding, with 40% of people mentioning it as their main bottleneck.
But I’ve good news for you, guys! There’s a reason why Build Your Dream Company has in its slogan:
“How to create a business with no idea, no expertise, and NO MONEY.”
How often do you get demotivated from starting a business because you lack the necessary resources? And by resources, we inevitably mean the same old’ Money.
But should you abandon the idea of becoming an entrepreneur just because you don’t have the capital?
Hell, no! If you think you have an excellent idea, the right team, and it’s the perfect timing to launch that business, do not be stopped because of cash.
You might know that I’m an avid writer at Quora, I really like that Social Media platform because you can reach out directly to people who have doubts and, often, burning pains they want to see solved immediately, and you can feel tremendous impact in a much faster way, by helping all those guys.
When we want to start a business that requires some upfront capital which we cannot entirely afford, some of us will often ask our family relatives and friends for money.
As you might already know, this approach is usually called “the three F’s” or “FFF”, which stands for:
Friends, Family and Fools.