At this time, we’re not looking for investors, but when the time comes, we are confident that we will be able to showcase all the hard work we’ve put into our company. But, if you’re in a different spot and looking for startup investors, there are a few things you need to keep in mind that they’ll be paying attention to if they’re going to write you a check.
Let’s go over some of these things.
Are you a passionate Leader or simply a Manager?
They want to see that you rely on others, that you are willing to learn from others to move forward. They want to see that you’re always willing to learn from your mistakes and above all, you have qualities like modesty and humility.
What problems are you trying to solve?
Let’s go back to dollar shave club. Not only they solved a problem, but they had a story behind their brand. The CEO Michael Dubin grew frustrated with the process of buying razors. At this stage, he reasoned that there had to be a better way to buy razors. Now the company is worth more than $1 Billion.
So, solve a problem!
Startup investors don’t like spenders
Granted, as a startup, any respected startup investors will not expect you to have millions of dollars in the bank and profitable day one. Realistically, 90% of startups will fail, however, that doesn’t mean you’re not going to do the best that you can to have clean financial records and keep track of everything, especially if you believe in your product.