Fundraising is one of the key components in getting a business started, but it can also be one of the most challenging, especially if you’re a first-timer. I raised a $3 million seed round from August Capital in August 2011 and learned a few things along the way:
1) The Investor Deck
Put together a concise investor deck that is no longer than 15 slides. Don’t overstuff slides with small details. Just make sure to get the high-level point across and support it with a few pieces of data. Get a LOT of feedback on your investor deck from friends, advisors, and investors. Make sure it’s perfectly formatted and that you know backup details for every single number in your presentation. If you are pre-launch, make sure you conduct experiments so you have some data to back up your hypothesis. Investors will be impressed that you found cheap, clever ways to test the concept.
To read the original article: How to do seed fundraising right | VentureBeat
