if you want investors to put money into your business you have to go to them
your business you have to go to them
your business you have to go to them with more than just a plan go to them
with more than just a plan go to them
with more than just a plan go to them with some traction go to them with some
with some traction go to them with some
with some traction go to them with some momentum go to them with some customers
momentum go to them with some customers
momentum go to them with some customers if you can do that you dramatically
if you can do that you dramatically
if you can do that you dramatically increase your chances of getting the
increase your chances of getting the
increase your chances of getting the money you need to grow this business hi
money you need to grow this business hi
money you need to grow this business hi I’m Evan Carmichael and I believe that
I’m Evan Carmichael and I believe that
I’m Evan Carmichael and I believe that hungry entrepreneurs deserve help so
hungry entrepreneurs deserve help so
hungry entrepreneurs deserve help so today maintain the question from one of
today maintain the question from one of
today maintain the question from one of my youtube viewers his name is shawan
my youtube viewers his name is shawan
my youtube viewers his name is shawan from the Netherlands thank you for
from the Netherlands thank you for
from the Netherlands thank you for watching you said I built the new social
watching you said I built the new social
watching you said I built the new social media platform how can I reach you big
media platform how can I reach you big
media platform how can I reach you big investors with millions of dollars to
investors with millions of dollars to
investors with millions of dollars to look at my plan and maybe invest in it
look at my plan and maybe invest in it
look at my plan and maybe invest in it so thanks for the questions you’re on
so thanks for the questions you’re on
so thanks for the questions you’re on you have to go with more than just a
you have to go with more than just a
you have to go with more than just a plan for social media platform when I
plan for social media platform when I
plan for social media platform when I was in the venture capital business my
was in the venture capital business my
was in the venture capital business my role was bringing in new deals and
role was bringing in new deals and
role was bringing in new deals and looking at thousands of business plants
looking at thousands of business plants
looking at thousands of business plants and the ones that got turned away were
and the ones that got turned away were
and the ones that got turned away were always the ones who just had an idea
always the ones who just had an idea
always the ones who just had an idea they had no traction they had no track
they had no traction they had no track
they had no traction they had no track record they had barely a team they had
record they had barely a team they had
record they had barely a team they had no customers no revenue that’s not an
no customers no revenue that’s not an
no customers no revenue that’s not an easy business to raise money for you
easy business to raise money for you
easy business to raise money for you have to have something to send up from
have to have something to send up from
have to have something to send up from the crowd the problem is everybody with
the crowd the problem is everybody with
the crowd the problem is everybody with an idea just goes out and pitches
an idea just goes out and pitches
an idea just goes out and pitches investors to find a list of venture
investors to find a list of venture
investors to find a list of venture capital investors is not hard to do to
capital investors is not hard to do to
capital investors is not hard to do to get them to actually put money your
get them to actually put money your
get them to actually put money your business is hard and so you want to go
business is hard and so you want to go
business is hard and so you want to go to them showing how you’re different
to them showing how you’re different
to them showing how you’re different than the other ninety nine percent of
than the other ninety nine percent of
than the other ninety nine percent of the companies that are pitching to them
the companies that are pitching to them
the companies that are pitching to them you’re more than just an idea so you
you’re more than just an idea so you
you’re more than just an idea so you build a team you build an advisory board
build a team you build an advisory board
build a team you build an advisory board you actually start building something
you actually start building something
you actually start building something building your product building your
building your product building your
building your product building your service out you start getting some
service out you start getting some
service out you start getting some traction with the media you start
traction with the media you start
traction with the media you start getting some partners all this out as
getting some partners all this out as
getting some partners all this out as possible without getting funding you may
possible without getting funding you may
possible without getting funding you may not make huge head waves but that’s okay
not make huge head waves but that’s okay
not make huge head waves but that’s okay you don’t need to go out and land huge
you don’t need to go out and land huge
you don’t need to go out and land huge multi-million dollar deals just show me
multi-million dollar deals just show me
multi-million dollar deals just show me that you can get one customer get one
that you can get one customer get one
that you can get one customer get one paying customer for what you do and
paying customer for what you do and
paying customer for what you do and already you set yourself apart from
already you set yourself apart from
already you set yourself apart from everybody else most of the people who
everybody else most of the people who
everybody else most of the people who are pitching these venture capitalists
are pitching these venture capitalists
are pitching these venture capitalists otherwise you’re going to spend your
otherwise you’re going to spend your
otherwise you’re going to spend your time making this business plan pitching
time making this business plan pitching
time making this business plan pitching investors and you’re going to get shot
investors and you’re going to get shot
investors and you’re going to get shot down every time you go up raising money
down every time you go up raising money
down every time you go up raising money is almost a full time business in itself
is almost a full time business in itself
is almost a full time business in itself and it’s going to distract you from
and it’s going to distract you from
and it’s going to distract you from being able to build the business on your
being able to build the business on your
being able to build the business on your own the best way to do it is the
own the best way to do it is the
own the best way to do it is the bootstrap it from the start put your
bootstrap it from the start put your
bootstrap it from the start put your hard earned time into it work the late
hard earned time into it work the late
hard earned time into it work the late hours do whatever you can to convince
hours do whatever you can to convince
hours do whatever you can to convince people to help you out you got a
people to help you out you got a
people to help you out you got a bootstrap this thing up start building
bootstrap this thing up start building
bootstrap this thing up start building momentum attraction into this business
momentum attraction into this business
momentum attraction into this business try to get at least a couple customers
try to get at least a couple customers
try to get at least a couple customers to pay you and show that what you have
to pay you and show that what you have
to pay you and show that what you have works and then go to investors to get
works and then go to investors to get
works and then go to investors to get money to expand this business investors
money to expand this business investors
money to expand this business investors don’t don’t expect you to have
don’t don’t expect you to have
don’t don’t expect you to have everything all planned out but you have
everything all planned out but you have
everything all planned out but you have to have something more than just a plan
to have something more than just a plan
to have something more than just a plan on paper otherwise they’re going to say
on paper otherwise they’re going to say
on paper otherwise they’re going to say no I hope that helps maybe some tough
no I hope that helps maybe some tough
no I hope that helps maybe some tough love for you there but I want to make
love for you there but I want to make
love for you there but I want to make sure that you get the best chance that
sure that you get the best chance that
sure that you get the best chance that you have at getting the money that
you have at getting the money that
you have at getting the money that you’re looking for for those of you
you’re looking for for those of you
you’re looking for for those of you watching if you liked the video please
watching if you liked the video please
watching if you liked the video please give it a thumbs up below makes you want
give it a thumbs up below makes you want
give it a thumbs up below makes you want to do more for you more videos and if
to do more for you more videos and if
to do more for you more videos and if you have a question about this video or
you have a question about this video or
you have a question about this video or about raising capital or about anything
about raising capital or about anything
about raising capital or about anything else with your business I’d love to try
else with your business I’d love to try
else with your business I’d love to try to answer it for you if you want to
to answer it for you if you want to
to answer it for you if you want to leave it in the comment section below so
leave it in the comment section below so
leave it in the comment section below so thank you and I’ll see you on the next
thank you and I’ll see you on the next
thank you and I’ll see you on the next episode
”
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