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Keep everything incredibly simple. Follow the standard 10 slide deck pattern. Focus on the value your service provides in concrete terms. It’s not the time for
by ajcodez 8y ago
Keep everything incredibly simple. Follow the standard 10 slide deck pattern. Focus on the value your service provides in concrete terms. It’s not the time for subtlety. Spell things out explicitly in big font.
Set the price of shares at $0.10 or a round number. Raise a normal amount of money like $150k or $250k at a normal valuation like $1M (depends on industry etc). Get someone close to you to put in any nominal amount like $10k and tell investors you already have committed funds. If possible use a SAFE contract to accept funds faster.
Hire a freelance designer to clean up the deck and website home page if that is an issue. Ask friends to review both deck and home page. If possible make a product video walkthrough.
In meetings keep things friendly. Stick to the plan. Pitch and then ask if they are interested. Answer questions truthfully but in line with expectations. Never complain or give excuses for anything. Follow up frequently because investors are often busy and literally might forget they agreed to invest in your co.
Source - closed $250k seed round this month. Woohoo. Back to work.