On average, venture capitalists will only invest in one out of every one hundred deals. And while those odds might seem high, plenty of founders win funding every single day. However, it’s not as simple as the media makes it out to be — read on for some tips on how you can raise venture capital for your business.
- Invest in Relationships
Henikoff says that too many founders make the same fatal mistake – they show up at an investor’s doorstep at a point in time and expect to receive a check. The reality, however, is that VC’s invest in lines — not points. That means your best bet is to build a relationship with a potential investor instead and show consistent improvement over time. And because investors are literally swamped with funding asks, Henikoff recommends kickstarting investor-founder relationships by asking for advice not money. Read the full story here.