Firstly be clear with what you are pitching exactly? If it service/ product , ask yourself why I need this service/ product? What is the pain area this service/prodcut can solved? Who are my competitors? How I am different from them? And last but not least how I can make money out of it? Answer...
Ask yourself: -Do you believe in their vision? -Would you leave everything you have to work with them to make their dream come true? -Do you have strong data that tell you that what they say will happen it's true? -Do you think the founders are the best to accomplish what they are going for? -Is...
Interesting, I spoke to a client at length the other day about this. 1. Firstly, there is 'perceived' value. 2. Secondly, there is actual value. It sounds like you are trying to build the latter. I also need to make a second inference here, you say we are 'trying' to close deals - so i'm going...
The fastest way would be: 1) Ask on Clarity! :) 2) https://angel.co/canada/investors 3) Contact the incubators and ask if they have a list they'd be willing to share. 4) Email entrepreneurs who recently raised and ask them for 2 names each. 5) Contact Series A/B investors and ask them who they'v...
Keep in mind that investors invest for returns. Telling a prospective investor that you want his or her money to grow your business but don't plan on ever generating a liquidation event that pays him or her a dividend is not likely going to work; angel or not. You may be better served with debt...
Obviously the answer to this depends on a couple of items, but an Angel round depending if it is a priced or non-priced round, the valuation is usually dependent on traction, market size, team (history of success), unique IP with a high barrier to entry and growth rate.
Having a prototype is essential if you want investors to take you seriously. So good job on getting that. It would be very good if you can also get a designer to also make 1 or 2 sleek representations of your vision for what some key screens of the app could eventually look like. These screens ...
In my last two start ups I have invested heavier into my team than i have in the past and it has paid off big. Hiring an expert in their position has proven to be one of my most successful and stress free action in business. I will add this to my best practices. If you want to learn more about ...
Definitely a C-Corp in Delaware. You can use the SAFE (Simple Agreement for Future Equity). That's a better version of the convertible note, made by Paul Graham from Y Combinator. You can find it on his personal website. You should buy the best seller book THE ART OF STARTUP FUNDRAISING by Alej...
The terms are based on how an Angel investor views your company as well as your startup’s value in the market. So they are looking at your impact potential within your sector and industry, the size of any recent exits, the willingness to enter into a deal, and vice versa for the entrepreneur.