Before Investor Engagement (SUP)
Time to engage with investors? Great!
Please consider these recommendations before you reach out. ๐
Sourcing
Make sure that the potential investor actively invests in your type of business/industry and maturity phase.
Look at their other investments to build a good picture of their taste. Ideally they can help your business succeed in more ways than "just money".
Talk to other founders that they have previously worked with to get an honest 1:1 opinion.
Reaching out
Investigate if you have common connections and ask for an introduction.
Make sure you have a summary, deck and company story in place before engaging.
SUP always do warm introductions for premium members.
The process
Keep the potential investors in the loop so they can follow the company development in parallell to investment conversations.
Your traction and communication increases attractiveness and increases chances of a successful raise.
Set clear goals for the round and align with all stakeholders.
Use e-signatures, data rooms, simple and standardized term sheets to optimize for speed.
Best of luck!