You’re about to go knocking on doors to raise capital for your growing tech company, but do you know how to maximize your chances to unlock the deal you want?
At Lighter Capital, we fund many promising startups, but there are also interesting companies that don’t make the cut because their business is not quite ready for funding. Banks and VCs too have their checklist of criteria to determine whether a company is at the right stage and in the right shape. We’re often asked what separates the companies that get funding from the rest of the field, so we put together a practical guide to getting your business ready for funding.
Raising Capital for Tech Startups: 5 Keys to Unlocking the Deal You Want explains the most important components of a successful fundraising strategy and how to prepare. Download this guide to learn about:
Mentally preparing for fundraising
The metrics most important to investors
Creating sound financial projections
The documents investors require
Telling an irresistible story
The capital you need to get you to the next stage won’t just fall into your lap. This is especially true if you’re thinking of going after equity funding from VCs or angels. It’s a highly competitive and intense undertaking. Raising debt may be somewhat easier if your business is in good shape but you still need to make sure you are well-prepared.
Fundraising before you are completely ready will slow you down, add costs, and, in some cases, damage your reputation. But if you know the keys to building a successful fundraising strategy, you’ll greatly improve your ability to raise the capital you need.