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Ask HN: How to actually apply for VC funding?
I am in the process building a Fintech startup, most of the technical aspects are sorted.
Now I want to upgrade to the next stage, but it is very bureaucratic and expensive.
My question is, how do I raise money?
Do I email a bunch of random VC sites with my business plan, pitch deck? Or Do I hunt down some known guy to recommend my startup to a VC firm?
How did you do it & how do you advise me to go about it?
What things will increase my chances of getting funded?
I am based outside the US but would love to partner with VC's abroad.
- rman666 10y agoGoogle is your friend. There are dozens and dozens of articles out there on this topic. First rule of being an entrepreneur is to be resourceful!
- ramtatatam 10y agoGo and attend local events where VC people are expected to attend. Reach to your network and if you don't have one either hire a CEO/chairman who can help (literally somebody who had done it before and knows lots of people) or try to build your own network (more hard work required). You need your investor deck polished into the finest details. Once you get your slot you won't be able to waste any time. Be sure to include all details about capitalisation and projected revenue. You need to have a strong backing to all those numbers. Most VC's will come back to you even if they don't invest and advice what went wrong - so this is an ongoing process and you'll get better in time. We got our investment via our founder (he did not have any contacts, he made them and then he was very good at pitching his vision). He definitely had not emailed random people :-)