I get this question often. So putting this out here. 🧵
You CANNOT raise capital with just a deck.
Exceptions are, a) if people know you and your career and are willing to write you a check.
b) you are a second or third time Entrepreneur who had a remarkable exit before. (1/4)
You CANNOT raise capital with just a deck.
Exceptions are, a) if people know you and your career and are willing to write you a check.
b) you are a second or third time Entrepreneur who had a remarkable exit before. (1/4)
Remarkable - something worth remarking about. That means, no "undisclosed" amount sales or aquihires. (2/4)
If you are like the rest of us and dont fit in either of those, then at the least you have to show proof of work.
1. Show your team is capable and works.
2. Show your market is real.
3. Show your solution (however unscalable) has demand. (3/4)
1. Show your team is capable and works.
2. Show your market is real.
3. Show your solution (however unscalable) has demand. (3/4)
I would never put down an advance (let alone buy) an apartment from a team that has no prior experience building apartments, doesn't even have a land or a model apartment to show. Would you? why do you expect investors to be having less IQ than that in making an investment? (4/4)
Please help me clarify this with the masses, by sharing and retweeting this thread. After 14 odd years of being in the ecosystem, It would be nice - especially for Entrepreneurs - to understand this.
PS : I'd worry abt taking money from investors with low IQ 🙏
PS : I'd worry abt taking money from investors with low IQ 🙏
@DrPreetDeep @startupindia please RT. It would be good to eradicate this myth that well meaning Entrepreneurs have thinking there is something as free and easy money.
