More from Ideas
Why do companies like Quibi raise billions, while companies like Peloton get nothing?
Because fundraising is a GAME
And the insiders keep the rules to themselves.
Here are 100 tips the insiders donât want you to see but will help you win the game:
1. You canât play the game without nailing the basics.
There are 5 core ingredients to a startup pitch.
Most have 2.
Good ones have 4.
The best have all 5.
There\u2019s a lot of bad advice out there on how to pitch your startup.
— Romeen Sheth (@RomeenSheth) April 10, 2021
Last year, I invested $1M+ and heard 200 companies pitch.
Every great pitch I've heard nails 5 ingredients.
In this thread, we'll go through each to help maximize your chances when fundraising
Let's dig in\U0001f447 pic.twitter.com/FBaUUWHz8L
2. Now that you have a grasp of the basics, itâs time to level up.
Good news - most founders make the same mistakes as each other.
Bad news - these mistakes are really easy to make.
Here's what not to do:
0/ After evaluating 200+ startups this year, I've been in some awesome and not so awesome pitches.
— Romeen Sheth (@RomeenSheth) December 28, 2020
Here are the top 10 mistakes I see Founders make that routinely derail fundraising \U0001f447\U0001f447\U0001f447
3. Ok so you told me what not to do.
So what should I do?
Read below.
0/ Last night I tweeted about the top 10 things Founders do that derail fundraising. It struck a chord. 2,500+ liked the tweet.
— Romeen Sheth (@RomeenSheth) December 30, 2020
I got a ton of DMs asking the opposite question: \u201cWhat are the top things Founders do well when fundraising?\u201d
Here's my top 10 \U0001f447\U0001f447\U0001f447
4. Weâre in a really unique fundraising environment right now.
Itâs important to contextualize all these tips in the âhere and nowâ of whatâs going on in the landscape.
Raising money for startups is wild right now. I\u2019ve never seen anything like it.
— Romeen Sheth (@RomeenSheth) May 5, 2021
Lots of Founders are wondering how to approach it and who they should partner with.
Here are 10 observations / practical tips I've shared with 100+ Founders in the last few months \U0001f447\U0001f447\U0001f447
why have i not been doing this the whole time it took her three hours and it was $70.
this is the life hack i did not know i needed as an absolutely drowning and burnt out millennial who cannot figure out how to just open an envelope and pay a bill because it drains me of my will to live
I have finished my day and i am completely caught up, signed up for paperless and recurring billing, have mailed a dozen thank you cards I wrote and just ... never took to the post office, and gathered my tax information to submit.
like, why didn't anyone tell me.
you can find bonded, experienced people who do this for a living on https://t.co/4OpHGkl8Nq and they charge between 15 and 25 dollars an hour. I have canceled a variety of online memberships I don't use enough so that I can pay her to come back every other week. I am thrilled.
Props to my mother who looked at my "here's the box I put shit I can't bare to deal with right now" box and said "Have you considered hiring a personal assistant? They are cheaper than you think."
BLEW MY GD MIND.