Build Your List of Potential Investors, Pitch Investors Properly, How Kevin Systrom Raised $500,000 in Two Weeks to Launch InstagramFind Angel Funding & Venture Capital for Business Startups, Entrepreneurs, & First Time Founders – Episode 12

Build Your List of Potential Investors, Pitch Investors Properly, How Kevin Systrom Raised $500,000 in Two Weeks to Launch Instagram

Find Angel Funding & Venture Capital for Business Startups, Entrepreneurs, & First Time Founders – Episode 12

Most startups need funding at some point. Once you have the addressed all of the items in the previous episodes, it is time to build your list of potential investors and start the conversations. They can be friends, family, social network, social media contacts, work colleagues, people in the business industry, etc. Try to put together a list of at least one hundred people. A list of one hundred potential investors may seems like a lot, but the more people you have on the list, the better your chances are of success.

The next step is to talk to people on your list about funding your business. If you want to pitch investors properly, I suggest you do it in a soft, but direct manner. I typically kick off the conversation on a light note. Something along the lines of, “I am starting this business project,” or “I am testing this business concept.” Avoid using salesy language and observe if others show any interest in being a part of your startup business plan.

After starting the conversation in a casual manner, discuss your investment opportunity. Warning, discuss does not mean pitch. These people know nothing about your business. You do not want to overwhelm them with loads of information about your business model.

Think of fundraising as giving people sips of water. Give them information in bits and pieces so they can process them. It depends on how you phrase your sentences to make the potential investor ask for more sips of water.

One mistake excited entrepreneurs make is sending every business detail to everybody. It is almost like giving sips of water with a fire hose and drowning all your potential investors. It makes you sound desperate and you lose credibility. Be patient. Some investors will come to you, and some will not. If they are interested, they will come to you for more. And when they do, feel free to explain your business to them. For the ones who do not come for more, move on to the next one. Or maybe try again with a different business approach in six to nine weeks.

In 2010, Kevin Systrom went to a party for a startup called Hutch. Kevin met two venture capitalists that were impressed by his App, Bourbon. The purpose of Bourbon was so people could make plans, check in, and share photos from places that had good drinks. Shortly after the party, Kevin decided to quit his job and focus on Bourbon. Within only just two weeks, Kevin raised $500,000 from those venture capitalists at the party. By July 2010, they pivoted Bourbon, focusing just on the photo sharing feature of Bourbon. Bourbon was renamed Instagram.

Two years later, in March 2012 Instagram had 27 million users. Facebook purchased Instagram later that year for $1 billion.

 

Do you want more?

https://rencarlton.blogspot.com/2021/07/build-your-list-of-potential-investors.html

https://youtu.be/y_lU3H315Nc

https://www.linkedin.com/pulse/build-your-list-potential-investors-pitch-properly-how-ren-carlton

 

Previous Post - Faster Traction Through Funding, How Zoom and Eric Yuan Defeated Apple’s Facetime, Microsoft’s Skype, and Cisco's WebEx - Find Angel Funding & Venture Capital for Business Startups, Entrepreneurs, & First Time Founders – Episode 11

https://rencarlton.blogspot.com/2021/07/faster-traction-through-funding-how.html

https://www.linkedin.com/pulse/faster-traction-through-funding-how-zoom-eric-yuan-defeated-carlton

https://youtu.be/kGU9Ak_Kphc

Are you looking for investors? Send us your information, Funding@OmegaAccelerator.com

Would you like to invest in early-stage businesses? Contact us, info@omegaaccelerator.com

 

Source

https://www.youtube.com/watch?v=Z2oh1LH45c8

 

Disclaimer: This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service. We are not offering legal, investment, tax, or medical advice.

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As physicians, we are expected to be compliant with rules, restrictions, and regulations. We are expected to be risk averse. We are expected to be “providers,” but not necessarily innovators or leaders. As the healthcare system becomes increasingly consolidated into large overcrowded clinics, we are required to perform to the standards set by bureaucrats and clinic managers. These rules are often at odds with the best interests of patients and with our sanity.

The Alienation Of America’s Best Doctors

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Better to Live and Die in the U.S.A.

The United States healthcare system is often berated for how it treats patients near the end of life. They are purportedly attached to tubes and machines and subjected to unnecessary invasive procedures that cause inordinate pain with no potential benefit, there is underutilization of more compassionate hospice services. This “travesty” is expensive, as the care of dying seniors consumes over 25% of Medicare expenditures. We hear this story so often; it is almost taken as gospel-- but is it actually true? Is it more expensive and invasive to die in America than in other developed countries?

Gun Ownership and Doctors?

According to the Pew Research Center, there are approximately 32,000 gun-related deaths annually in the United States; 19,000 are suicide, 11,000 are homicide, and the rest are accidents, police shootings or of unknown causation. Moreover, there are more than 78,000 nonfatal gun wounds each year. Given the disproportionate number of victims that are less than 40 years of age, the morbidity and mortality of gun violence is significant. Physicians are involved with many types of public health issues, but few are as controversial or divisive as gun safety. Is it really an issue that falls within the medical domain?

O Tempora, O Mores: Affordable Care Act - Big Dream or Big Let Down?

I confess I was a strong proponent of the Affordable Care Act. My reasoning was subtler than the hallowed pantheons of its staunch supporters and the apocalyptic predictions of its detractors. Forty years after graduating medical school I concluded, after many stutter steps, the American healthcare delivery system was economically unsustainable and the citizenry was neither living longer, nor better, despite medical expenditures that dwarf any other developed nation. My career also allowed me to personally interact with cardiac surgeons from all continents and see that their clinical results and research efforts were laudatory by any standards.

High Depression Rates in Resident Physicians — Fact or Fiction?

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Can a Robot Outperform Your Surgeon?

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Hospital Administration Attempts to Cut Costs and Increase Quality at Expense of Physicians

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Michigan Physicians Society Supports Inner-City Education

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Here at Michigan Physicians Society, we’re dedicated to the financial betterment of physicians by providing continuing education and technology, along with an extensive network of other like-minded professionals in our space....

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