by David Drake
To raise or not to raise capital for #startups is a topic that is discussed every so often. However, the big question is not whether startups need to raise funds; it is about when they should raise funds.
Over the past four years, my company, The Soho Loft Media Group, has organized hundreds of events, bringing angel investors and venture capitalists on panels to discuss the kinds of deals they want to see and fund.
Here are some useful tips on raising capital for startups:
1. Pitching your business idea is an ongoing process
As a startup, you are always going to be raising capital. Learning how to #pitch successfully is important and pitching as often as possible increases your chances of raising more capital for your business. If you go after capital investment from investors, you are going to be raising more capital for your business venture.
2. Practice your pitch or get someone who is really good at it
To raise money as an entrepreneur, practice your pitch. If you cannot do it well, find a friend who is really good at it to work with you. Go for companies and leaders who have previously raised money because they have an understanding of what it takes to raise money. They also have relationships with investors who trust them.
To read further, visit http://www.entrepreneur.com/article/247858
David Drake is the Chairman of LDJ Capital, private equity advisory; Victoria Partners, a 110 family office network; Drake Hospitality Group; and The Soho Loft Media Group with divisions Victoria Global Communications, Times Impact Publications, and The Soho Loft Conferences. Reach him directly at David@LDJCapital.com.