Fundraising for your business is really difficult, no matter what route you take to do so. Convincing family and friends to translate their love for you into trust for your business takes work. Generating enough grassroots momentum to capitalize upon a crowd funding platform requires a lot of effort. In similar fashion, venture capitalists like me are trained to be critical, say “no” often, and make sure entrepreneurs are prepared for the big leagues. After witnessing thousands of pitches at Detroit Venture Partners, I’ve determined that the following list includes “must do’s” for raising money from a VC. If everyone did more things on this list in meetings with potential investors, the funding percentage might be higher than the current 0.3%.
