Checklist for Startup Fundraising
One straightforward checklist contains all the information you need to obtain investment.
🤔 Are you prepared to raise money for your startup?
- Is your venture or concept successful?
- Is your team fully formed?
- Are you a venture capital for your company?
- Describe your USPs.
- Justify your desire to raise money.
- Decide which investor type (Angel, Accelerator, VC) you want.
- Do you merely desire money or also knowledge?
- What qualities do you seek in an investor?
- Look into additional financing possibilities (loans, revenue-based financing, etc.).
🚩 Manage the fundraising campaign.
- Establish an investor CRM.
- Make a list of potential investors as a target.
- Investors' research and investment priorities
- For each investor, develop a contact strategy.
- Get introductions by asking
- Ask other entrepreneurs which investors have been most beneficial to their businesses.
- Plan meetings and present to investors
- Through the simultaneous scheduling of numerous meetings, induce FOMO
- Produce and distribute periodic investor updates
- Make a list of investor requirements
- Interrogate the investor.
- Use this list to judge investors
- Obtain references for investors.
- Encourage investors to provide commitments
✍ Define and validate technical details.
- Establish who will be in charge of the fundraising.
- Select the round's counselors and advisors.
- Choose the amount you wish to raise.
- What are you going to purchase with the money?
- What percentage of your equity (value) are you willing to offer your investors?
- What method will you use to raise the convertible, safe, and priced rounds?
😈 Negotiating the conditions
- Change your perspective in order to comprehend the investor's priorities.
- Be a model captain.
- Exit scenario models using the most recent terms
- Consult a lawyer, other founders, or public examples when reviewing the term sheet.
- Accept the term sheet.
🗃 Prepare yourself and your documents.
- Speak with other founders to gain knowledge from them.
- Assemble up to date data for financial model
- Set key financial model assumptions in accordance.
- Play around with various situations.
- Select the most recent financial model to send.
- Create the pitch deck's storyline and content.
- Select the slides you want to use.
- Measure traction for the pitch deck.
- Make a draft deck, also known as a "strawman."
- Create the ultimate pitch deck.
- With your friends or coworkers, practice your pitch.
- Assemble all supporting documentation in a virtual data room.
- Respond to typical investor queries for yourself
- Develop your pitch.
💸 Complete the investment.
- Choose the investors you want to work with
- Work with your attorneys to draft the contracts.
- Sign each and every piece of paperwork
- Join your team in jubilation.
- Creating a press release is optional.
