how to raise funds - daniel palmier

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When you have a cash flow problem, you'll stop at almost nothing to get out of it. Here is a list of sources of funding that are proven to be the most reliable ways to raise money for a Business by Daniel Plamier.

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Page 1: How to Raise Funds - Daniel Palmier
Page 2: How to Raise Funds - Daniel Palmier

Decide On Your Main Feature

What is one thing your product does really well? A lean team can usually build one feature fast without burning out.

Page 3: How to Raise Funds - Daniel Palmier

Create a Prototype

Prototype just that one feature. Make 2-5 screens in Photoshop, Balsamiq on paper etc. anything that visually shows how the product works.

Page 4: How to Raise Funds - Daniel Palmier

Test With 100-500 CustomersAsk people in coffee shops, run Google and Facebook Ads, make landing page, emails. If the prototype make the sense to them, Keep going, if not go back to last step.

Page 5: How to Raise Funds - Daniel Palmier

Build A Functional PrototypeNow build the functionality. Still just one feature to minimize the cost. See you can do it in WordPress or AppBuilder.

Page 6: How to Raise Funds - Daniel Palmier

Get Traction With 10000 PeoplesNow the Challenge. Get traction. Try Everything: Facebook, Twitter, Email, Bloggers, TV, Launch Party, partner with another startups etc.

Page 7: How to Raise Funds - Daniel Palmier

Try Monetizing Monetizing is not necessary if your traction is high. But if it is not, you can monetize your chances with investors will be higher.

Page 8: How to Raise Funds - Daniel Palmier

DevelopNow that you have tractions/Cash, develop the product to scalability on python, ruby, PHP, Java etc.

Page 9: How to Raise Funds - Daniel Palmier

Create A PitchSimple pitch deck with product + Market Size + Team + Monetization Strategy.

Page 10: How to Raise Funds - Daniel Palmier

Find InvestorVC invest $5 Million and Up: Angel average $345K per round. Use LinkedIn, Angel.co etc. to find them. Give demo in the events.

Page 11: How to Raise Funds - Daniel Palmier

PitchHussle, but be human. Show you are sharp and trustworthy. Tell everyone what you are doing. Sooner or later you will be referred to the right person.

Page 12: How to Raise Funds - Daniel Palmier

Increase Your ChancesWhile you are fundraising, keep improving your product. No investor wants to fund marketing of development. They prefer to invest in scaling.

Page 13: How to Raise Funds - Daniel Palmier

Never Give UpThe Founder of Pandora.com was rejected by 300 investors before he got a yes. You are in it to win it. So keep going.