if you want to raise venture capital for your business make sure you already have
your business make sure you already have
your business make sure you already have the groundwork laid out and you have
the groundwork laid out and you have
the groundwork laid out and you have momentum and some customers for your
momentum and some customers for your
momentum and some customers for your business otherwise you’re going to be
business otherwise you’re going to be
business otherwise you’re going to be dead in the water they’re gonna say no
dead in the water they’re gonna say no
dead in the water they’re gonna say no or they’re gonna kill you on your
or they’re gonna kill you on your
or they’re gonna kill you on your valuation hi I’m Evan Carmichael
valuation hi I’m Evan Carmichael
valuation hi I’m Evan Carmichael I believe the Hunger entrepreneurs
I believe the Hunger entrepreneurs
I believe the Hunger entrepreneurs deserve health and today I made some
deserve health and today I made some
deserve health and today I made some questions from one of my YouTube viewers
questions from one of my YouTube viewers
questions from one of my YouTube viewers Pablo Pablo’s awesome is commenting on
Pablo Pablo’s awesome is commenting on
Pablo Pablo’s awesome is commenting on tons of videos and he’s been very active
tons of videos and he’s been very active
tons of videos and he’s been very active so Thank You Pablo and I’m excited to be
so Thank You Pablo and I’m excited to be
so Thank You Pablo and I’m excited to be able to try to give back and help him as
able to try to give back and help him as
able to try to give back and help him as well
well
well so he wrote insane he’s got a business
so he wrote insane he’s got a business
so he wrote insane he’s got a business he’s in the developing stages he’s got
he’s in the developing stages he’s got
he’s in the developing stages he’s got some seed funding he’s already built it
some seed funding he’s already built it
some seed funding he’s already built it up a little bit he’s had consistent
up a little bit he’s had consistent
up a little bit he’s had consistent organic growth after getting the funding
organic growth after getting the funding
organic growth after getting the funding from friends and family now wants to
from friends and family now wants to
from friends and family now wants to expand and is looking for venture
expand and is looking for venture
expand and is looking for venture capital help him so Pablo I used to be
capital help him so Pablo I used to be
capital help him so Pablo I used to be in the VC business I looked at all the
in the VC business I looked at all the
in the VC business I looked at all the business plans that came in and 99
business plans that came in and 99
business plans that came in and 99 percent of them plus got rejected the
percent of them plus got rejected the
percent of them plus got rejected the main reason is you have to make sure
main reason is you have to make sure
main reason is you have to make sure that you have some momentum with your
that you have some momentum with your
that you have some momentum with your company so it sounds like you’re beyond
company so it sounds like you’re beyond
company so it sounds like you’re beyond the startup stage that’s great I want to
the startup stage that’s great I want to
the startup stage that’s great I want to see first that you have some customers
see first that you have some customers
see first that you have some customers show me that people will pay you what
show me that people will pay you what
show me that people will pay you what for what you do make sure people will
for what you do make sure people will
for what you do make sure people will spend their dollars on you it doesn’t
spend their dollars on you it doesn’t
spend their dollars on you it doesn’t have to be a lot of money but they’re
have to be a lot of money but they’re
have to be a lot of money but they’re spending money with you the venture
spending money with you the venture
spending money with you the venture capital you want to go after is
capital you want to go after is
capital you want to go after is expansion I’m not paying you to invest
expansion I’m not paying you to invest
expansion I’m not paying you to invest in your product I don’t want to see R&D
in your product I don’t want to see R&D
in your product I don’t want to see R&D costs I don’t want to see huge salaries
costs I don’t want to see huge salaries
costs I don’t want to see huge salaries for yourself I want to see expansion
for yourself I want to see expansion
for yourself I want to see expansion what you’ve done works and needs to be
what you’ve done works and needs to be
what you’ve done works and needs to be fixed you know there’s some improvements
fixed you know there’s some improvements
fixed you know there’s some improvements but it works and you are now ready to
but it works and you are now ready to
but it works and you are now ready to blow this thing up when you’re going
blow this thing up when you’re going
blow this thing up when you’re going after venture capital it can be a
after venture capital it can be a
after venture capital it can be a full-time job you want to look at funds
full-time job you want to look at funds
full-time job you want to look at funds that are related to what you’re doing
that are related to what you’re doing
that are related to what you’re doing they have had portfolio companies who
they have had portfolio companies who
they have had portfolio companies who have invested in similar types of
have invested in similar types of
have invested in similar types of companies those are the guys who you
companies those are the guys who you
companies those are the guys who you want to target because they want to see
want to target because they want to see
want to target because they want to see that you can have a serious opportunity
that you can have a serious opportunity
that you can have a serious opportunity but also you might be able to help some
but also you might be able to help some
but also you might be able to help some of their portfolio companies do well as
of their portfolio companies do well as
of their portfolio companies do well as well when you’re talking to the venture
well when you’re talking to the venture
well when you’re talking to the venture capitalists you want to show you have a
capitalists you want to show you have a
capitalists you want to show you have a management team in place
management team in place
management team in place people who’ve done this before if you
people who’ve done this before if you
people who’ve done this before if you don’t have the expertise in-house bring
don’t have the expertise in-house bring
don’t have the expertise in-house bring on a board of advisor bring on people
on a board of advisor bring on people
on a board of advisor bring on people who have some experience even if they’re
who have some experience even if they’re
who have some experience even if they’re just an advisor you
just an advisor you
just an advisor you can leverage their name to help you you
can leverage their name to help you you
can leverage their name to help you you want to show that there’s momentum and
want to show that there’s momentum and
want to show that there’s momentum and traction with your business that people
traction with your business that people
traction with your business that people are paying you for what you’re doing and
are paying you for what you’re doing and
are paying you for what you’re doing and you want to show that there’s a serious
you want to show that there’s a serious
you want to show that there’s a serious opportunity for whatever your market is
opportunity for whatever your market is
opportunity for whatever your market is if you go in too soon if you don’t have
if you go in too soon if you don’t have
if you go in too soon if you don’t have that stuff ready yet you’re gonna waste
that stuff ready yet you’re gonna waste
that stuff ready yet you’re gonna waste your time
your time
your time because they’re gonna say no or if
because they’re gonna say no or if
because they’re gonna say no or if they’re slightly interested you’re gonna
they’re slightly interested you’re gonna
they’re slightly interested you’re gonna get killed on your valuation
get killed on your valuation
get killed on your valuation you’re gonna lose too much of your
you’re gonna lose too much of your
you’re gonna lose too much of your business that it’s not worth it so if
business that it’s not worth it so if
business that it’s not worth it so if you’re ready if you’re at that point
you’re ready if you’re at that point
you’re ready if you’re at that point start reaching out and know that it’s an
start reaching out and know that it’s an
start reaching out and know that it’s an opportunity cost because you’re not
opportunity cost because you’re not
opportunity cost because you’re not going to spend time growing your
going to spend time growing your
going to spend time growing your business anymore you’re gonna be out
business anymore you’re gonna be out
business anymore you’re gonna be out raising dollars but if you’re not there
raising dollars but if you’re not there
raising dollars but if you’re not there yet
yet
yet focus on it get there get people paying
focus on it get there get people paying
focus on it get there get people paying you know some momentum because I don’t
you know some momentum because I don’t
you know some momentum because I don’t want to see you waste your time and for
want to see you waste your time and for
want to see you waste your time and for those of you watching I don’t want to
those of you watching I don’t want to
those of you watching I don’t want to see you waste your time either you have
see you waste your time either you have
see you waste your time either you have to get to that point try to get to
to get to that point try to get to
to get to that point try to get to survival try to get to the point where
survival try to get to the point where
survival try to get to the point where you don’t necessarily need the venture
you don’t necessarily need the venture
you don’t necessarily need the venture capital it’s great to help you grow but
capital it’s great to help you grow but
capital it’s great to help you grow but you could continue on doing what you’re
you could continue on doing what you’re
you could continue on doing what you’re doing as well then you’re negotiating
doing as well then you’re negotiating
doing as well then you’re negotiating from a position of strength most of the
from a position of strength most of the
from a position of strength most of the people who came to me looking for
people who came to me looking for
people who came to me looking for funding had nothing
funding had nothing
funding had nothing they had err they had a plan on paper
they had err they had a plan on paper
they had err they had a plan on paper these seeds will not fund that you have
these seeds will not fund that you have
these seeds will not fund that you have to have momentum attraction and it
to have momentum attraction and it
to have momentum attraction and it sounds like poeple is already on the
sounds like poeple is already on the
sounds like poeple is already on the right track but you’ve gotta make sure
right track but you’ve gotta make sure
right track but you’ve gotta make sure you’re making some revenue that’s the
you’re making some revenue that’s the
you’re making some revenue that’s the way to start looking interesting to a
way to start looking interesting to a
way to start looking interesting to a venture capitalist in terms of reaching
venture capitalist in terms of reaching
venture capitalist in terms of reaching out do your research find the VCS who
out do your research find the VCS who
out do your research find the VCS who have targeted portfolios who have money
have targeted portfolios who have money
have targeted portfolios who have money to spend and just email them it’s not
to spend and just email them it’s not
to spend and just email them it’s not hard to get in front of a VC it’s not
hard to get in front of a VC it’s not
hard to get in front of a VC it’s not hard for them for you to get their email
hard for them for you to get their email
hard for them for you to get their email address and to send them your one pager
address and to send them your one pager
address and to send them your one pager your executive summary it’s hard to get
your executive summary it’s hard to get
your executive summary it’s hard to get them to say yes so that’s why you want
them to say yes so that’s why you want
them to say yes so that’s why you want to focus on those criteria
to focus on those criteria
to focus on those criteria good luck Pablo thank you again for all
good luck Pablo thank you again for all
good luck Pablo thank you again for all the stuff you’ve done on YouTube all the
the stuff you’ve done on YouTube all the
the stuff you’ve done on YouTube all the comments other likes I really appreciate
comments other likes I really appreciate
comments other likes I really appreciate it
it
it for those of you watching if you like
for those of you watching if you like
for those of you watching if you like this video just like Pablo please give
this video just like Pablo please give
this video just like Pablo please give it a thumbs up below and I want to know
it a thumbs up below and I want to know
it a thumbs up below and I want to know what you have to think I love seeing
what you have to think I love seeing
what you have to think I love seeing your comments come in let me know what
your comments come in let me know what
your comments come in let me know what you think about this video or if you
you think about this video or if you
you think about this video or if you have a question for your own business
have a question for your own business
have a question for your own business I’d love to try to answer it for you
I’d love to try to answer it for you
I’d love to try to answer it for you please leave in the comment section
please leave in the comment section
please leave in the comment section below thank you guys I’ll see you soon
below thank you guys I’ll see you soon
below thank you guys I’ll see you soon you
”
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