Fundraising is doing everything to get “NO” as fast as possible. Here is what I did to raise first 💰

Iuliia Shnai
8 replies
I was fundraising for the startup before and I think it is one of the hardest things I did in a startup. As you obviously wearing a lot of hats and have many roles. I had a process which I built similar to the sales process: Outreach ways: 1. Finding the leads ( investors, via connection) 2. Doing outreaches via email 3. Building the connections via LinkedIn 4. Finding more experienced founder with startup in similar field ⭐️ First touch: 1. Sending the deck and track results 2. Follow up 3 times to get my respond 3. Analyzing how investor look at the deck Second touch: 1. Share the updates 2. Improve the deck 3. Get onto call Next touch: It was already rare, and only if you proceed. 💁‍♀️Some overal tips: 💡Trying to get “NO” as fast as possible on each of this step by asking questions. 💡Follow up 5-7 times to get fast results. 💡Always ask when a person responds to me. 💡Finally we fundraised the angel round, but it was super hard. 💡 Be concise and imagine explaining to your parents the startup ( everyone love simple) Now launching Papermark to help you share Pitchdeck and build relationships with investors https://www.producthunt.com/products/papermark-2 Anyone fundraising? What process and challenges you have?

Replies

Samuel Bodin
Love the idea of productising this. 🚀
Iuliia Shnai
Excited to hear your story:))
Joseph Lee
We just raised and did a guest post on Failory :): https://www.failory.com/blog/fou...
Maali Baali
"I didn't have a lot of experience in fundraising, but I was willing to put in the work. I read every book I could find on the subject. And I networked with other founders who had raised money successfully."
Ankit Gupta
Congratulations. Thanks for the tips. Did you have an MVP before fundraising?
Ankit Gupta
@luliia Shnai How many 'NO's before you got Angels' on board?