Put together a timeline of how long it will take to raise the capital we need.. . Fundraising will be an important part of the roles we play within the company just like product development.. Schedules and benchmarks will help us stay on track.. CEO leads fundraising campaign.. The first time you approach will be the hardest and the longest.. Financing is organized in rounds. And the dollar figure attached to it will depend on the stage of our business. And the type of investors we want to pursue.. Seed round. Money to grow the seed of your business until it becomes viable.. Cover your expenses to hit milestones for next 12-18 months.. . Turn demo into a workable iteration. Hire a key team member. Grow your customer base beyond those signed up for our service.. Seed can be $10k - 750k. Top range is only for biotech and medical sales. Complicated businesses.. . Usually approaching angels specializing in seed funding. May offer us convertible notes for future equity. . Rather than asking for equity upfront. It may only take 1-2 meetings before reaching an offer.. Because the amounts are small. Since we are pre-revenue, our company will be based on our story, the ability to communicate the vision, and the team we have in place.. We can expect to hear A LOT of no’s.. So it’s a great place to test out our story and refine our vision to when we get told no.. Betting on you more than your business as we continue to develop our product or our business.. Growth X. Not just looking for home runs, but grand slams. 3x cash on cash returns. Angel Round. . Because they understand a lot of pivots will come.. $500k - 1M. Quite possible you will need multiple investors to reach this goal.. But if we used the seed stage money to reach our milestones. More investors will be willing to take on your opportunity.. We can also talk to our seed stage investor about whether they have follow on connections for future investments.. This time using equity instead of a convertible note also known as a safe.. . 75.9% of investors made at least one follow on investment.. . 49.4% of angels have made 3 or more.. Angels, angel syndicates, angel groups, some VCs. Will take 6-8 months. . . They need to get to know you, like you, and trust you.. Reviewed along with dozens of others.. Support to prove their ideas and get up and running.. Series A. Concepts proven, ideas validated.. Investors less likely to support experiments. Working product, expanding customer base. Profitability if it all possible. On the path to acquisition or IPO. $2-5M. VCs, corporate VCs, family offices. Still ask back your other investors. Capital we are requesting allows us to be acquired or go public in the next 5-7 years. Can take a while to get in front of a VC. In order to make 10 investments. They review 1,200 companies.. You will hear no frequently. Learn all lessons you can and move on to the next meeting. Traction, good financials, good story. We will need a champion. This will be a thorough process. . If one VC turns you down, others will hear about it.. If someone says no, figure out why and address it before moving on to the next round.. Know when to stop. Easy to get caught up in the process. Put the money to work before you go back and raise any more. . . . Avoid traunched investments. Suggest a convertible note instead. . Don’t reject an acceptable offer. Don’t assume that once we have an investor offer, that everything is done.. Deals fall through at every stage. . Keep building your company.