Our chat is LIVE + The top advice of the week + THE slides to have in your pitch deck
+ A brilliant yet simple methodology used by a founder to raise EUR 70K at pre-seed.
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Let's get down to business. What we cover today:
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The top advice of the week.
The brilliant methodology of a founder who raised EUR 70K at a pre-seed stage.
The INFO and slides investors are looking for in your pitch deck.
The top advice of the week
A methodology experienced entrepreneurs follow.
They:
don´t start by building their tech.
don´t over-focus on fundraising.
Instead, they:
pitch their product at an idea stage to potential clients and users, as if their product already existed.
hyper-focus on customers, getting traction and validation before launch.
get Letters of intent, a waitlist, and/or prepayments.
They think:
Marketing + sales + testing > fundraising.
Manual work + no code solutions > starting to build the tech.
Spending time with potential clients > spending time with potential investors.
Getting money from clients > getting money from investors.
As soon as they do that, investors become very interested in them.Founders who are proactive, smart, and who don't wait for others to get started are what investors are looking for.
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A brilliant fundraising strategy 🧠
This is one of my favorite stories about a founder I have invested in.
To build the MVP and launch, the founder raised around EUR 70K from several investors at a pre-seed stage - brilliantly and simply.
Here is the methodology.
Validation. The founder validated the need in the market. Both she and her peers had to deal with the problem.
People, friends, and students lend each other money. How can you guarantee that you'll get your money back? Is there a way to track these microloans? Asking friends to pay you back can also be uncomfortable.
To solve this problem, she wanted to create a peer-to-peer lending platform.
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