Remove Customer Remove Exit Strategy Remove Technical Review
article thumbnail

The Ultimate Guide for Starting and Running a Business at Home

Up and Running

Identify any technology needs you may have (and whether or not you’re equipped to meet them) such as: High-speed internet with a reliable connection. Not only is it necessary due to the coronavirus, but it could potentially give you a strategic long-term advantage against current competitors and help you avoid massive overhead.

article thumbnail

How to Pitch to Investors in 10 Minutes and Get Funded

Up and Running

I’ve raised close to $1 million from angel investors for my previous technology startups. Customer acquisition: Marketing and sales strategy. How will you reach your customers? Your financials should easily allow you to calculate your customer acquisition costs. Your exit strategy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Write a Business Plan for Raising Venture Capital

Growthink Blog

Demonstrate your team’s unique unfair competitive advantage, whether it is technology, stellar management team, or key partnerships. Be prepared for due diligence. It’s critical that the data you present is verifiable, since any serious investor will conduct extensive due diligence. Define your customers precisely.

article thumbnail

How to Write a Business Plan for a Cannabis Company

Up and Running

The global market for CBD oils is expanding due to their medical efficacy. A number of cannabis tech companies have also begun to take advantage of the opportunity in the marketplace. The problem is that they sell extremely similar products, and customers in the area are becoming more adventurous and seeking variety.

article thumbnail

How to Raise Startup Funding from Unlikely Angel Investors

Up and Running

Angels invest in one out of every forty deals they review (2.5%) versus the one out of 400 by VC’s (0.25%). They are professionals with full-time jobs, who often don’t have time for due diligence (and may not even know how to do it) and often make decisions through trusted referrals or based on gut feelings (more on gut feelings later).

article thumbnail

10 Preparation Steps to Win an Angel Investment

Startup Professionals Musings

are eliminated during due diligence. Remember to aim the content of both of these at investors, not customers. It should answer every question an investor or associate might ask, including current valuation, funding needed, and exit strategy. Close at least one initial customer. Free trials don’t count.

article thumbnail

How Private Equity and Venture Capital Investors Are Eating Their Own Dogfood

David Teten

VCs tout themselves as frontier technology investors, but most are using the same infrastructure tools they have used for the past 20+ years: Excel and recent college grads searching Google. According to Knowledge.VC , under 5% of US VCs have a full-time team member focused on technology. . But we’re doing it slowly.