Prepare For & Raise Sufficient Money To Get Through Development/Regulatory Stage
Why is this Important? You will need funding to take the company through regulatory assessment/approval and leave sufficient time to raise additional funding.
| Key Actions | Things to Consider | Tool Kit |
|---|---|---|
| Be sure you are ready to approach investors; have key items ready from previous steps | A pitch with obvious flaws can sink a venture
Ask investors who turn you down for feedback and other investor referrals; listen intently It may be possible, but do not assume that you can again approach investors who have previously turned you down; ask if it would be okay to keep them updated |
|
| Identify potential investors | What companies are currently in a venture capital fund’s portfolio?
Network with other CEOs ➔ ask for introductions from those investors you know & trust Do they invest in companies at similar stages & raising similar amounts of money ($2M vs $200M)? |
WA Investor Database |
| Get legal advice as to requirements, needs, and restrictions for an offering | Is writing an offering memorandum necessary?
Pay attention to public disclosure rules |
|
| Comply with legal requirements | ||
| Develop investor pitch(es) | What type of investors are you pitching to?
Should contain all elements of the Business Plan Your goal for the first meeting is to be invited to a second meeting |
Pitch Deck Template |
| Practice investor pitch(es) | Rehearse and then rehearse again
Anticipate questions and prepare backup slides with answers |
LSWI Pitch Coaching and Consulting
|
| Raise enough money to get to the next logical fundable milestone and investment round | Term Sheet Template (AOA) |