how do i find the first few investors and keep them happy in my business yeah
and keep them happy in my business yeah
and keep them happy in my business yeah I think it’s great question and you know
I think it’s great question and you know
I think it’s great question and you know one of the things when I was in the
one of the things when I was in the
one of the things when I was in the start there’s this other kind of windy
start there’s this other kind of windy
start there’s this other kind of windy outside your own bc money and all that
outside your own bc money and all that
outside your own bc money and all that stuff um I think what I would advise
stuff um I think what I would advise
stuff um I think what I would advise generally if you’ve got a great business
generally if you’ve got a great business
generally if you’ve got a great business idea you really believe in it um
idea you really believe in it um
idea you really believe in it um probably start if you can do we just
probably start if you can do we just
probably start if you can do we just research asst image set of our customers
research asst image set of our customers
research asst image set of our customers actually use our own life savings or
actually use our own life savings or
actually use our own life savings or remortgage their homes to fund their
remortgage their homes to fund their
remortgage their homes to fund their businesses I will be advocating if you
businesses I will be advocating if you
businesses I will be advocating if you can do go friends and family first um
can do go friends and family first um
can do go friends and family first um and then you keep control and and you
and then you keep control and and you
and then you keep control and and you kind of you know again you can waste a
kind of you know again you can waste a
kind of you know again you can waste a lot of time go to banks go to finance
lot of time go to banks go to finance
lot of time go to banks go to finance houses go to VCS when you should be
houses go to VCS when you should be
houses go to VCS when you should be building your businesses a lot of your
building your businesses a lot of your
building your businesses a lot of your customers following to drink so I kind
customers following to drink so I kind
customers following to drink so I kind of put more interested in to that but
of put more interested in to that but
of put more interested in to that but it’s time to go is when you’ve got
it’s time to go is when you’ve got
it’s time to go is when you’ve got something that you think real tangible
something that you think real tangible
something that you think real tangible and they’ll call it a kind of proven
and they’ll call it a kind of proven
and they’ll call it a kind of proven business model but ultimately then you
business model but ultimately then you
business model but ultimately then you kind of have Pierre nails and cash flow
kind of have Pierre nails and cash flow
kind of have Pierre nails and cash flow projections and all that sort of stuff
projections and all that sort of stuff
projections and all that sort of stuff underneath it but the longer you can
underneath it but the longer you can
underneath it but the longer you can defer that I would be a big big advocate
defer that I would be a big big advocate
defer that I would be a big big advocate then and the only way that I’d argue
then and the only way that I’d argue
then and the only way that I’d argue against myself is if you come across
against myself is if you come across
against myself is if you come across something where you have got the next
something where you have got the next
something where you have got the next Facebook and it’s going to be so massive
Facebook and it’s going to be so massive
Facebook and it’s going to be so massive and so big and you’ve got to invest at
and so big and you’ve got to invest at
and so big and you’ve got to invest at scale we’ve gotta go global because you
scale we’ve gotta go global because you
scale we’ve gotta go global because you know you’re just gonna miss that when
know you’re just gonna miss that when
know you’re just gonna miss that when your opportunity and then my make sense
your opportunity and then my make sense
your opportunity and then my make sense to go through the fruit and you know
to go through the fruit and you know
to go through the fruit and you know there’s a lot of people I’d have a new
there’s a lot of people I’d have a new
there’s a lot of people I’d have a new note tons of people in candor Toronto
note tons of people in candor Toronto
note tons of people in candor Toronto who can actually fund businesses in the
who can actually fund businesses in the
who can actually fund businesses in the UK in the u.s. angel investors are
UK in the u.s. angel investors are
UK in the u.s. angel investors are probably out advocatus the best route
probably out advocatus the best route
probably out advocatus the best route because again they’re not in vases they
because again they’re not in vases they
because again they’re not in vases they won’t interfere and they’ll give you
won’t interfere and they’ll give you
won’t interfere and they’ll give you capital based on a business plan and
capital based on a business plan and
capital based on a business plan and trust and it allows you to get on and
trust and it allows you to get on and
trust and it allows you to get on and really kind of fun the next day to do
really kind of fun the next day to do
really kind of fun the next day to do business I hate spending money till I’m
business I hate spending money till I’m
business I hate spending money till I’m making money just as a general rule I
making money just as a general rule I
making money just as a general rule I think anybody can spend money if I give
think anybody can spend money if I give
think anybody can spend money if I give you a million dollars you can find a
you a million dollars you can find a
you a million dollars you can find a million different ways to spend it not
million different ways to spend it not
million different ways to spend it not everybody can make money and so that’s
everybody can make money and so that’s
everybody can make money and so that’s the discipline you need to learn
the discipline you need to learn
the discipline you need to learn and when you are out getting investors
and when you are out getting investors
and when you are out getting investors the hardest i used to be a VC it was
the hardest i used to be a VC it was
the hardest i used to be a VC it was raising half a million to 15 million
raising half a million to 15 million
raising half a million to 15 million dollars for companies the hardest money
dollars for companies the hardest money
dollars for companies the hardest money to raise is the startup capital because
to raise is the startup capital because
to raise is the startup capital because it’s the riskiest time and they’ll take
it’s the riskiest time and they’ll take
it’s the riskiest time and they’ll take the biggest chunk of your business right
the biggest chunk of your business right
the biggest chunk of your business right they could take three percent of your
they could take three percent of your
they could take three percent of your business for a small amount of money
business for a small amount of money
business for a small amount of money because there’s a high risk where if you
because there’s a high risk where if you
because there’s a high risk where if you can show them that you can deliver a
can show them that you can deliver a
can show them that you can deliver a result that you can get some revenue
result that you can get some revenue
result that you can get some revenue that somebody’s willing to actually pay
that somebody’s willing to actually pay
that somebody’s willing to actually pay you for this the easiest kind of money
you for this the easiest kind of money
you for this the easiest kind of money to raise his expansion capital mean I’ve
to raise his expansion capital mean I’ve
to raise his expansion capital mean I’ve already selling I have some sales come
already selling I have some sales come
already selling I have some sales come in and now I need to grow that’s easy
in and now I need to grow that’s easy
in and now I need to grow that’s easy money to raise will get a much better
money to raise will get a much better
money to raise will get a much better valuation and raising capital can be a
valuation and raising capital can be a
valuation and raising capital can be a full-time business for you and like
full-time business for you and like
full-time business for you and like Stephen said that takes your eye off the
Stephen said that takes your eye off the
Stephen said that takes your eye off the ball of actually running your business
ball of actually running your business
ball of actually running your business and so if I were you I would try as much
and so if I were you I would try as much
and so if I were you I would try as much as possible to focus on the execution
as possible to focus on the execution
as possible to focus on the execution find little ways to get started invest
find little ways to get started invest
find little ways to get started invest my hustle my time my energy not dollars
my hustle my time my energy not dollars
my hustle my time my energy not dollars and especially not other people’s
and especially not other people’s
and especially not other people’s dollars until I got to the point where I
dollars until I got to the point where I
dollars until I got to the point where I had a product that was out that was
had a product that was out that was
had a product that was out that was making some money i mean i’d be
making some money i mean i’d be
making some money i mean i’d be profitable yet but i’m making money I
profitable yet but i’m making money I
profitable yet but i’m making money I have a path to profitability because it
have a path to profitability because it
have a path to profitability because it really reduces the risk and you’ll get a
really reduces the risk and you’ll get a
really reduces the risk and you’ll get a much better deal from investors
”
Be First to Comment