the dos and don'ts of pitching for business investment - smart boards for business

by:ITATOUCH     2020-06-13
the dos and don\'ts of pitching for business investment  -  smart boards for business
Every year, venture capitalists and seed investors invest billions of dollars into businesses, hoping that one day they will get a winner.
Creating large, sustainable and profitable businesses is the dream of every investor.
But let you and your business be in front of these people who want to be billionaires.
Not to mention the green light-isn't easy.
So we talked with three different, influential investors to find out how to make suggestions to them, what they're looking for, and just as importantly, where they're going to be from
Every investor agrees to answer questions from our readers.
You can email your question to the bbc. co.
UK with the theme "investment" or fill out the form at the bottom of the story.
Since 2009, Google Ventures has invested in about 250 businesses including the transportation app Uber and the smart home business Nest.
The investment range ranges from $100,000 to $250, and they have just opened their first office outside the United States in London, providing a $100 fund for European companies.
"We are looking for businesses that deal with complex issues such as science, technology and computer science;
"We want people with technical skills," he said . "
"Personally, it's like looking for someone --
Term relationship;
We need people who work with us, people with vision, know their limitations, and be humble and enthusiastic about what they are doing.
"The data shows that people who have succeeded before are more likely to succeed again.
30% of their business is likely to be successful;
The chances of success for the first group were 21%;
People who have failed before are 22% likely to succeed next time.
"We are not the only investment partners either.
If there is another group of investors, you will experience more diversity at the table.
"Some are obvious.
For example, if you have a series of serious crimes, it will be bad for you . "
"There are also categories that we don't invest in, such as online gambling, which will go against our values.
"If you're obsessed with your financial interests at the first meeting, it's also a huge red light.
If what you're talking about is selling part of your equity while raising money, it could be a problem, although someone might do that, and we'll consider personal reasons.
"The person who can't listen is the other one.
It's not that we want to give instructions, it's that we want to be consultants, so it's unlikely to work if you're not willing to take feedback.
"It also works in another way.
We are not looking for a company that needs us.
It may be a warning signal that we need too much.
"N" We have evaluated thousands of enterprises and invested 250, but we have never invested in a company that suddenly came to us.
"The best way to get close to us is by meeting us, knowing someone in the team, or someone who works at Google.
If you can be recommended by the person you go up to the top of the stack.
"We don't accept cold calls because we can never keep up with the volume and give everyone the time they deserve.
The best people will find a way to get to know someone on the team and be referred in.
"Mahesh Murthy and his partner at Seedfund have been rated twice as India's best venture capital fund.
He has worked in the United States and India for 30 years and has experience in running TV channels;
Set up Pinstorm, one of the most successful digital marketing businesses in Asia;
Write a newspaper column;
As one of the investors in the Indian version of Dragon Cave, it was broadcast on TV.
Seedfund has invested more than 35, including redawning, an online bus ticket company in India.
"We are looking for people with Indian solutions and Indian problems," he said . ".
"We don't want to cut --and-
Paste other models.
If someone says I want to do Facebook or Amazon for India, we are not interested.
We want an idea without equal conditions.
"We are also looking for a clear leader.
Investment teams are often wise in other countries, but we want to find someone attractive.
Our greatest success comes from a single entrepreneur.
"In the end, we are looking for someone who can give it time.
It may take longer to succeed in India, so we won't be looking for someone to exit the strategy from the start.
"We don't want people who want to hedge their bets, who want high salaries and business shares.
This is not how it works.
You have to promise, willing to burn your bridge, no plan B.
We want people to be thinner, hungry, not fat, not complacent.
"It's also important that they want to share their equity with the team;
We want the benefit of all those involved.
Humility and adventure are the key.
"People who have been recommended are most likely to succeed, so it's best to know who we are.
"The other way is to shine in college or business competition.
I have nearly 70,000 followers on Twitter these days and nearly 40,000 on Facebook, so there are too many potential connections to use, this is why it is most effective to stand out through personal contact or existing achievements.
"The most famous is his former chief executive of The Huffington Post, which he invested in SoftBank Capital. he is now the managing director of New York --
Based on Lerer Hippeau Venture, the company offers early
Phase venture capital.
He also serves on the board of directors of other companies, including Starwood Hotels and Resorts.
"We are looking for big disruptive ideas that could have a very big impact on creating new markets or changing the face of existing ones," he said.
"Secondly, we want people who see it to pass because it's not an easy process.
You will have to take on a large part of your life;
Your family must be involved.
"We also want a fearless standard.
Most entrepreneurs are very young, you can check the background is not much, more is the personality aspect.
"We always invest in seed levels early on, so we're talking about $1 m --to-$2m -
Enough to set up a company and get the first customers.
Today, businesses can quickly move global.
"We want someone who has a strong reason to present their project, not someone who runs the numbers below
His life experience showed them something and showed them a chance.
"If you don't have that deep personal belief, it's hard to overcome almost inevitable obstacles when doing any business.
"We only meet with people we know who introduce.
People who are cold calls or connected via social networks usually don't get a response.
If you know who we are and how we can help you, you will find a way.
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