What are the basics of startups fundraising strategy?
by SMEBOOK (admin) · January 18, 2021
The basics of a fundraising strategy involve:
- Understanding your value: Before devising a fundraising strategy and long before funding begins, it is crucial to perform a valuation of your startup.
- Establishing goals and setting a time limit: Setting cogent, achievable, specific, assessable and time-bound aims is crucial for contriving an effective fundraising strategy.
- Perform research on your investors: More often than not, investors do their due diligence on you and its essential for to do the same. Both you and investors are assessing one another.
- Along with knowing who you’re raising capital from, it’s essential to know what amounts you’re looking to raise from them.
SMEBOOK is reinventing the management of tech companies’ assets by providing a matchmaking algorithm capable of recommending partnerships according to needs and interests.