June 28, 2010
Meeting the right investor for your business is as hard as finding the right love partner only it costs a lot more. Time is the most expensive asset you have and you surely donâ€™t want to waste it so click here to meet the right investor for your business.
The relationship between you and your investor will be a long-term one so you do want to get it right from the beginning to save time, legwork and money for everyone. These are some key points you should take into consideration when searching for an investor:
As basic as this sounds many entrepreneurs skip this part. Be wiser! Follow the ancient saying which teaches you to be careful what you wish for because you might get it and establish from the beginning what type of funding you need and what you are willing to give in return. This will help you choose wisely when an opportunity shows.
2. Close-by is best.
I think you will agree that communicating with an investor who is located in the other part of the globe, while not impossible, is harder and can affect trust issues. Find an investor that you can meet in person and is not further than a couple of hours drive.
3. Phone first
Nobody wants to travel hundreds of miles or spend hours in long meetings just to find out it was all just a waste of time. Contact the possible investor by phone first and discuss the important things each one of you needs to know. If everything goes well you can meet in person, which brings us to the fourth key point
4. Establish the basic requirements.
Find the investor who is interested in funding the type of business you run. Some of them may not be comfortable with investing in certain areas, as they do not know the market so well. Explain the way you work and find out how they are used to do things.
5. Do your homework
Check whatever references you can find about the future VC. Find out how the partnership worked for other companies, which were in your shoes. You may think this is not appropriate as you are the one asking for money, but remember they will check out every detail of your company and you will give something in exchange for the money you get. Moreover, before contacting them you should check if they are active and willing to invest. Actually, you would not have this problem if you choose one form our database as it is constantly updated by our researchers.
A lot of steps to follow? We will make it much easier for you, just click here to meet the right investor. and you will be on your way to finding the perfect funding faster than your competition.
All the best,
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