Getting Angels, VCs, and Crowdfunding Money by Boris Livshutz
by Parker · 63 things on Twos
- https://manasota.score.org/resource/financial-series-getting-angels-vcs-and-crowdfunding-money
- https://www.youtube.com/watch?v=TzcqirukgQw
- Manasota SCORE
- Crowdfunding
- Rewards based
- Accept funds for product or service
- gofundme.com
- indiegogo.com
- kickstarter.com
- Equity
- Small amount for a little bit of equity
- angellist.com
- wefunder.com
- equitynet.com
- Successful crowdfunding campaigns in 10 steps
- You are marketing the campaign
- www.issuewire.com
- www.openpr.com
- The more your raise, the more popular it will get so don't give up
- Angel investors
- How it works:
- Find angels or angel groups
- Initial meeting
- 20-30 minutes (the "pitch")
- Follow-up meeting
- Deeper Q&A
- Negotiate Terms
- Due Diligence
- Data room
- Google drive
- Show your users
- Quickbooks
- Show how much money you're spending
- Show how you've been making your money
- Sign investment docs
- Docusign
- Wire instructions
- Keep in touch
- Investor updates
- Quarterly or monthly
- Process takes a few months, raises a few hundred $K
- Rinse and repeat
- Multiple angels "rounds"
- Preparing for an angel investor
- Pitch deck
- 12-13 powerpoint slides that tell an amazing story
- Legal
- Lawyer
- Delaware C Corp
- Investment documents
- SAFE or Note
- Financials/accounting
- CPA/Bookkeeper/quickbooks
- Past and future data
- Data room
- Intellectual property
- Provisional patents
- Pitch deck outline
- Investment structure
- SAFE vs Convertible Note
- Amount - $5k to $100k
- Valuation Cap - 1 to 10 million dollars
- Discount - 0% to 25%