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My Pursuit of an Investor

Started by Kralj187, Feb 20, 2023, 12:12 AM

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Kralj187Topic starter

Hello everyone.
I have a question that has been bothering me and I haven't been able to find a specific answer. As a foreigner, I arrived in Paris a few months ago to work on my project. It's an analog of Casetify with big plans for success. I was able to create a working prototype that is much more convenient and efficient than the analogs such as SkinOn, Photo Mail, etc.



I developed the packaging, website, and production setup with expensive equipment from England that provides a high-quality image on the case, indistinguishable from the photo itself. I've noticed that in France, few people pay attention to quality when selling their products, which has left me without any money for promotion and scaling. I worked alone without a team, and I'm uncertain about what to do next.

However, I am not one to give up easily. I try to meet at least one new person every day, hoping to make good acquaintances. I attend various business and IT trainings such as LikeBz, Google, Accelerator to help me bolster my chances of success. My question is simple, how can I find an investor? Any input would be helpful.
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lawyersonia

In a previous attempt to generate funding, I created a comprehensive project plan that detailed all aspects of the business. This included information about myself and the team, regulatory frameworks, market analysis, the project's operations, revenue streams, risk management, and key financial indicators. I designed this plan in three versions, including a full project description, short version, and brief summary. Additionally, I crafted an elevator pitch.

After the plan was complete, I reached out to various potential investors including 50 business angels, 15 thematic funds, and 30 banks. I also posted the project on the top 5 investment search sites.

Later, I prepared contracts for investors that outlined the terms of cooperation. Ultimately, I was successful in attracting an investor who not only provided funding but also actively assisted in the development of the project.
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manas

It would be helpful to provide more accessible examples that are easy for a wider audience to understand. It would also be beneficial to include a website or other resource for further information on the topic.
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amardeep

Once the project is prepared for presentation, there are several steps to take. Firstly, create a compelling presentation that clearly outlines the business model, user numbers, and financial figures in tangible terms. Secondly, send the presentation to the first 15 recipients and evaluate the response. Use this feedback to refine the presentation and continue to approach potential investors until funding is secured. It is also important to consider bringing on additional team members to ensure the project has a team rather than relying solely on one person.
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anilkh7058

I am looking for investors for my business. Does any one help me regarding it?
software development company
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kailee

Transforming an idea into a profitable business or scaling a startup requires significant financial backing. In most cases, personal savings may not suffice, thus seeking investments is often a necessity.

Investment is a means, not an end. Before approaching investors, a startup founder must have a clear understanding of the requirements for funding. Generally, obtaining a loan from a bank for a new project is improbable due to the high-risk nature of startups.

There are several options for finding the necessary investment required for a startup such as friends and family, business angels, business incubators, corporate accelerators, grants and competitions, investor clubs, crowdfunding platforms, and venture funds.

It is important to differentiate between personal and professional relationships when seeking funding from friends and family. Business angels provide more than just funding, acting as mentors and offering their previous experience. Business incubators provide the required support for the development of a startup.

Corporate accelerators and venture funds are quite distinct in terms of their funding objectives. Crowdfunding is a popular option amongst novice startups while grant schemes are highly sought after. Ultimately, it is fundamental to understand the characteristics and funding objectives of each entity before selecting one.
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tomjohn

It's commendable that you have been proactive in attending business and IT trainings to improve your chances of success. Finding an investor can be a crucial step in taking your project to the next level. Here are some tips to help you in your quest for an investor:

1. Develop a compelling pitch: Craft a clear and persuasive pitch that communicates your unique value proposition, market opportunity, and the potential for growth. Highlight the superior quality and innovative technology behind your product, as well as your plans for scaling the business.

2. Build a strong network: Continue to make new connections every day, but also focus on nurturing existing relationships. Networking events, industry meetups, and business conferences can be great places to meet potential investors or individuals who can introduce you to the right people.

3. Seek out relevant investors: Research and identify potential investors who have a track record of investing in similar projects or industries. Look for angel investors, venture capital firms, or even strategic partners who can provide not only financial support but also expertise and industry connections.

4. Leverage online platforms: Consider utilizing online platforms such as AngelList, Gust, or other crowdfunding platforms to showcase your project and connect with potential investors who are interested in your industry or niche.

5. Join startup accelerators or incubators: Accelerator programs can offer valuable mentorship, resources, and access to a network of potential investors. Look for programs that specialize in hardware or consumer technology, as they may be particularly interested in your product.

6. Polish your financials and projections: Have a thorough understanding of your financials, including your current sales, expenses, and future projections. Investors will want to see a solid understanding of your business and how their investment will help it grow.

7. Be persistent and adaptable: Reaching out to potential investors can be a challenging and time-consuming process. Be prepared for rejection and be open to refining your pitch based on feedback. Persistence and the ability to adapt will be key in finding the right investor.

Finding the right investor is not just about securing financial support but also about finding a strategic partner who believes in your vision and can help you navigate the challenges of scaling your business. Good luck in your search for an investor, and I hope these tips are helpful to you in your journey.
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rahul verma

Write them a thank-you note.
Make sure they're updated on your progress.
Invite them to events.
Ask for their advice.
Show them how their money is being used.
Keep them in the loop.
Be responsive to their questions.
Get to know them on a personal level.


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