fundraising for euro startups (part 1)
DESCRIPTION
My slides from the fundraising workshop for Eleven batch #6.TRANSCRIPT
Hacki ng Fundraisi ng for Euro startups @dresenalexfounder kown.co
Hello, I am Alex Dresen and i know your pain
Built 5 businesses 2 exits, 3 fails Raised $2.1M from angels, EU & US vc’s Coached entrepreneurs to fundraise I am a European « nomad »
My mission is to match you with capital so you can realize your dream Startup
and create wealth for investors
« Investing is to fundraising what sex is to dating. »
MODUS OPERANDI « Oldschool »
Meet, connect & find common ground (1st date)
Build a relationship (2nd date)
Close (3rd date - sex)
1. connect
Oldschool Events Demodays Elevator picthes
2014 Twitter Facebook AngelList (Silicon valley) Kown (europe)
2. Build a relationship
3. Close
Oldschool Lawyers Long negotiations Headaches Due diligence 3-6 months Investor-driven
2014 – Angie.co/Kown.com Standard contracts No lawyers Online closing Money in the bank within weeks Founder-driven
Some personal wartime Insights
1. Due Diligence your investors
!
Ask for references
Check references
Find out how they act (when the shit hits the fan)
2. Smart money is « extremely » rare
VC’s should give less advice because they “ haven’t done shit ” “ 70% of VC’s add negative value in advising ” Vinod Khosla
3. Your time = more valuable than investors’ time
Focus on product
Focus on getting customers !
Don’t waste your time (with wannabe investors or events)
4. Understand « investors »
Get introduced through an entrepreneur they’ve backed !
Your product should be awesome & loved !
Your vision/product/… should be ‘easily’ scalable
Want to raise for your startup? – Let’s talk.
http://twitter.com/dresenalex http://facebook.com/dresenco !