3 important points to note before you consider venture capital or investment.
- 1. Understand your current investable position – know exactly what you need the money for and why?
- 2. Make sure you have a clear understanding of the size of your company, already invested capital and negotiable equity including customer validation and growth absorption.
- 3. Have a business model that can scale based on the historical performance of the business including timescales and scalable factors.
- Some investors, positioned at pre & seed might use a different criteria but as a rule of thumb, serious Investors DO NOT invest in ideas or products – They only invest in your business and the team. Get past your product quickly and pitch your business model. Yours for the journey…
