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)|