Thanks to bootstrapping and private equity investors, your startup has been steadily growing, and your business is starting to gain traction among your target audience. With a growing customer base, you’re ready to expand operations and raising Series A funding is the next step ahead.
How can you increase your chances for securing external funding for your startup? Here are 5 effective tips that every entrepreneur needs to know about raising Series A.
1. Look for the right investors
If you’re looking for venture capital (VC) investments, it’s important to identify firms that invest in your market. For instance, a media startup pitching their business to a firm that mostly invests in the pharmaceutical industry is simply a waste of time. Consider using the 30-20-10 rule, where you start by making a list of 30 investors you want to get to know, out of which 10 may want to meet...