Tricks of the Trade, before meeting Angel Investors!
WorkOPlace comprehensive services models encourages coworkers to experience a constructive leaning is essential for business success.
Mere enthusiasm never makes an idea into enterprise. We are all excited about our ideas, but it needs an impeccable business strategy and approach that impresses an investor. Many start-ups seek funding’s from banks, and venture capitalists, while others look at angel investors.
Angel investors provide wings to startups. Raising angel financing to your business idea is catch-22, but if your Angel Investor Pitch in presentation details your how well your idea can be transformed into real business, what are the unmet needs of market your are serving, what is your revenue model and how well you do it brings you right investor.
Mere enthusiasm never makes an idea into enterprise it needs business strategy to impress an investor
WorkOPlace herein brings you a snapshot on how to prepare for a meeting with Angel Investor. We being a coworking space provider based out Hyderabad conducts lot of learning sessions for Young CEOs and aspirant entrepreneurs on “ How to impress an investor”.
You must understand a few techniques on how you can attract angel investors, to capitalize on your idea and attract required capital. The first thing an angel investor consider before providing capital to any start-up is the passion, knowledge, and integrity of the founders.
Pitch efficiently and accordingly
Before pitching your business plan, know your angel investors. Angel investors usually have a specific domain interest and tend to invest in those sectors only. So, in that case, you should know your industry to attract the right angel investor and should also do precise research on where you can find them.
Create a compelling pitch deck with a prototype of your proposed product or service and be clear about your target audience as this will build confidence in investors. Tips to prepare a pitch desk:
- What are the unmet needs of market your business aims to serve.
- Business Strategy Plan – What do you want to do.
- Implementation process of the strategy – how are you going to do it.
- Revenue model – what is your revenue model and detail return on investment process.
An young CEO always will have few questions, how to attract an investor? How to identify a ideal investor? How to develop and present impeccable business strategy? WorkOPlace conducts several seminars and workshops as part of skills development programs to coworkers.
WorkOPlace believes learning sessions for young CEOs is essential for business success. As new age Coworking Space our services unmet needs of entrepreneurs.
Be aware of your finance/capital
There are specific questions that angel investors can ask about finance, like how much capital are you raising, your gross margins, what are the fundamental cost components for your product/service. So you should at least have a detailed financial projection for the upcoming 2 years and also know key assumptions underlying it.
Designed marketing strategies
No business can exist without marketing, as it is an essential channel to reach the target audience and drive sales. The angel investor will also want to get a sense of how your company plans to market itself, what are marketing strategies, and other PR strategies. So in this case marketing strategies should be designed in advance and appropriately which would be appealing to the investors.
Angel investors receive emails from multiple startups, so you should know what to mention in the email to get their attention. Firstly let them know how you found them (source), secondly a few points about your organization, then appealing information about founders and lastly a 2-3 page executive summary. Considering all these points will let them pick your email over the others.
Angel investors are very keen to know more about the company’s board of people. The thing that interests them is when they see your business is in the hands of people who are knowledgeable, competent and trustworthy. And a solid team with people expertise in different domains. All this develops confidence in the investors.
Notable points while pitching
- If you take your team to pitch meeting, make sure everyone speaks.
- Mention about your competitors, as no industry exists without competition.
- Keep your presentation precise but not too long.
- A demo is essential to impress them, so provide a demo.
- Tell them why your product is different from that of competitors.
- Know your market and potential customers
Lastly, do a thorough check of your idea and it’s prosperity before pitching. If you have an idea that has the potential to revolutionize the industry after some time that can make the angel investors believe in your idea.
To bring in new shades to the coworking space, WorkoPlace service models are unique and filled with newness to encourage coworkers to constantly develop business skills.