if you want investors to put money into
your business you have to go to them
with more than just a plan go to them
with some traction go to them with some
momentum go to them with some customers
if you can do that you dramatically
increase your chances of getting the
money you need to grow this business hi
I’m Evan Carmichael and I believe that
hungry entrepreneurs deserve help so
today maintain the question from one of
my youtube viewers his name is shawan
from the Netherlands thank you for
watching you said I built the new social
media platform how can I reach you big
investors with millions of dollars to
look at my plan and maybe invest in it
so thanks for the questions you’re on
you have to go with more than just a
plan for social media platform when I
was in the venture capital business my
role was bringing in new deals and
looking at thousands of business plants
and the ones that got turned away were
always the ones who just had an idea
they had no traction they had no track
record they had barely a team they had
no customers no revenue that’s not an
easy business to raise money for you
have to have something to send up from
the crowd the problem is everybody with
an idea just goes out and pitches
investors to find a list of venture
capital investors is not hard to do to
get them to actually put money your
business is hard and so you want to go
to them showing how you’re different
than the other ninety nine percent of
the companies that are pitching to them
you’re more than just an idea so you
build a team you build an advisory board
you actually start building something
building your product building your
service out you start getting some
traction with the media you start
getting some partners all this out as
possible without getting funding you may
not make huge head waves but that’s okay
you don’t need to go out and land huge
multi-million dollar deals just show me
that you can get one customer get one
paying customer for what you do and
already you set yourself apart from
everybody else most of the people who
are pitching these venture capitalists
otherwise you’re going to spend your
time making this business plan pitching
investors and you’re going to get shot
down every time you go up raising money
is almost a full time business in itself
and it’s going to distract you from
being able to build the business on your
own the best way to do it is the
bootstrap it from the start put your
hard earned time into it work the late
hours do whatever you can to convince
people to help you out you got a
bootstrap this thing up start building
momentum attraction into this business
try to get at least a couple customers
to pay you and show that what you have
works and then go to investors to get
money to expand this business investors
don’t don’t expect you to have
everything all planned out but you have
to have something more than just a plan
on paper otherwise they’re going to say
no I hope that helps maybe some tough
love for you there but I want to make
sure that you get the best chance that
you have at getting the money that
you’re looking for for those of you
watching if you liked the video please
give it a thumbs up below makes you want
to do more for you more videos and if
you have a question about this video or
about raising capital or about anything
else with your business I’d love to try
to answer it for you if you want to
leave it in the comment section below so
thank you and I’ll see you on the next
episode
you
you
your business you have to go to them
with more than just a plan go to them
with some traction go to them with some
momentum go to them with some customers
if you can do that you dramatically
increase your chances of getting the
money you need to grow this business hi
I’m Evan Carmichael and I believe that
hungry entrepreneurs deserve help so
today maintain the question from one of
my youtube viewers his name is shawan
from the Netherlands thank you for
watching you said I built the new social
media platform how can I reach you big
investors with millions of dollars to
look at my plan and maybe invest in it
so thanks for the questions you’re on
you have to go with more than just a
plan for social media platform when I
was in the venture capital business my
role was bringing in new deals and
looking at thousands of business plants
and the ones that got turned away were
always the ones who just had an idea
they had no traction they had no track
record they had barely a team they had
no customers no revenue that’s not an
easy business to raise money for you
have to have something to send up from
the crowd the problem is everybody with
an idea just goes out and pitches
investors to find a list of venture
capital investors is not hard to do to
get them to actually put money your
business is hard and so you want to go
to them showing how you’re different
than the other ninety nine percent of
the companies that are pitching to them
you’re more than just an idea so you
build a team you build an advisory board
you actually start building something
building your product building your
service out you start getting some
traction with the media you start
getting some partners all this out as
possible without getting funding you may
not make huge head waves but that’s okay
you don’t need to go out and land huge
multi-million dollar deals just show me
that you can get one customer get one
paying customer for what you do and
already you set yourself apart from
everybody else most of the people who
are pitching these venture capitalists
otherwise you’re going to spend your
time making this business plan pitching
investors and you’re going to get shot
down every time you go up raising money
is almost a full time business in itself
and it’s going to distract you from
being able to build the business on your
own the best way to do it is the
bootstrap it from the start put your
hard earned time into it work the late
hours do whatever you can to convince
people to help you out you got a
bootstrap this thing up start building
momentum attraction into this business
try to get at least a couple customers
to pay you and show that what you have
works and then go to investors to get
money to expand this business investors
don’t don’t expect you to have
everything all planned out but you have
to have something more than just a plan
on paper otherwise they’re going to say
no I hope that helps maybe some tough
love for you there but I want to make
sure that you get the best chance that
you have at getting the money that
you’re looking for for those of you
watching if you liked the video please
give it a thumbs up below makes you want
to do more for you more videos and if
you have a question about this video or
about raising capital or about anything
else with your business I’d love to try
to answer it for you if you want to
leave it in the comment section below so
thank you and I’ll see you on the next
episode
you
you
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