It dawned on me this week just how amazing entrepreneurs are for putting up with relentless shit.
- I challenge anyone who’s never been in this position to try and turn an idea into a profitable reality.
- I challenge them to have a constant pursuit of a vision that very few others can imagine
- I challenge them to have the determination, passion and ability to constantly push boundaries even on days when you don’t think you can.
The amazing moments of starting a business are coupled with enduring some of the most stressful and overwhelming ones. But they sure are addictive.
What I never envisaged was how much time is spent on raising capital. It’s 24/7 right now for FundRazr – the constant pursuit of raising funds = pitching, relationship building, and having to prove that your business model will rock to all the skeptics.
That said, I can understand their point of view. You’re not just asking these investors for their time, you’re asking them to invest large chunks of money in the intangible – dreams and desires.
How to go about raising money
- Never turn down any opportunity, never give up and keep refining and practicing your pitch
- Ask for feedback and you might as well learn to enjoy it.
- Keep yourself in the loop, read up on trends and more important than anything;
- Seek out investors who know your space AND you’d like to work with. It’s a two way thing.
I’d advise you to also take on some expert advice from Dave McClure (who’s on our radar to talk to over coffee) in his clear cut slide presentation below.
Further interesting reading can be found here by Brad Feld on the complexities of VC Seed Investing. Go conquer!
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