Connect with us

Uncategorized

7 Strategies Serial Entrepreneurs Use To Find Investors

Published

on

Entrepreneurs sitting at a conference table

You have a fantastic idea that could change the world, disrupt an industry, or impact millions (possibly billions) of people. You know exactly what you’re doing, how you’re going to do it, and a great team supporting your vision. But you lack the most important resources of all – money. The idea might be great, but you know darn well it’s dead in the water without substantial seed capital supporting it. So now it’s back in the trenches to find investors to back your ideas. Luckily there are proven strategies that’s worked for millions of entrepreneurs and successful startups that you can adopt.

Through Your Immediate Network

Young female asian entrepreneurs

This might be obvious, but you need to start with your immediate network and ask if anyone is already an investor. You never know if someone is actually an accredited investor. An investor doesn’t have to be walking around in suits and be publicly a part of any investor network. It could be a close friend who believes in your idea and is willing to put money down to invest in you. Before you go and seek investors outside your network, check with your own network.

Look Them Up Online

Computer research

Finding investors probably isn’t as hard as you might think. Most angel investor networks and VC firms make themselves very known and you can often do a quick Google search to find a handful of angel networks and VC’s in the area. They’ll often have a website or at least a Linkedin page. From there, it’s up to your hustling skills to reach out and schedule a meeting.

At Investor-specific Events

Look on Event Bright, Net Mixer, or other event-curated websites for upcoming conferences or events that are catered to Investors specifically. You’ll increase your chances of shaking hands with investors in person. Meeting them in person first can sometimes be better than cold emailing them. At these events, you’ll have the opportunity to meet them, get to know them, share a joke or two, and then ask for their card to follow up later. But do be mindful of their time and of the event’s goals. You’re likely not the only ones trying to get in front of them and there may be other startups there constantly trying to pitch to them. Meeting them is great, but don’t look desperate and try to pitch to every investor you come into contact with.

Angel Investor Networks

An Angel investor network will have a pool of angel investors who put their money into an organization and that organization find startups like you to invest in, on behalf of the investors in their network. Angel investor networks are very common and they host meetings regularly to put startups in front of a group to pitch. Most of them will have some sort of minimal fee to pitch, just to ensure that you’re serious. These groups are also easily found online and very receptive to your reaching out.

Be Friends With Investors Who Can’t Invest In You

Investor friends

Investors will typically have a specific industry or niche that they focus on because they’re more knowledgeable in that subject. Not every investor will even entertain your idea, and that’s ok. Make it a point to be friends with a lot of investors just for the sake of friendship and ask for advice instead. They may not be able to invest in you directly, but they have plenty of friends in their network who can. And being investors, they can also help prepare you so you have the highest possible chance of success when you pitch to prospective investors.

Join An Accelerator

Accelerators can be found in many large cities and they’re a great way to literally accelerate your timeline, get things moving, and meet potential investors. Typically an accelerator program may last anywhere from 3 – 6 months. And at the very end, there’s usually an organized pitch event to get your startups in front of investors in that city. Investors attending these events are much more likely to invest in you because they know that you’re likely a much more high-quality startup because you graduated from an accelerator program they trust. And there’s probably already been vetting done, which saves them a bit of time on due diligence.

Join Your Local Startup Community

If you live in a big city or have access to get to one, there’s likely already a big startup scene there. There’s plenty of organizations, programs, events going on all the time. Be sure to do your research and be a part of the community. Attend events, volunteer, and take advantage of resources these organizations and communities offer. The more exposure you have with these communities, the more friends you’ll make. And eventually, you’ll get a lot of exposure and support from the community. This is a long term strategy, and probably not something you can expect immediate results from.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Featured

Popping the Bubble: How to Escape the Social Media Echo Chamber

Published

on

This past election has left most millennials in a cloud of surprise.  I know that on my own Facebook news feed there was a very anti-Trump/pro-Bernie vibe.  In the months prior to the election, my outlets for social media were bombarded by very specific opinions against the reality TV billionaire.  All I heard were calls to “feel the Bern”.  To me, and I think to most people my age, it appeared unanimous that Trump would lose.  However this was not the case.  So what happened?

One issue with social media is that it’s prone to creating echo chambers: places where our ideas are reaffirmed by the consensus of our networks.  Don’t like one particular friend’s libertarian view?  Easy.  Unfollow them.  This ability to unfollow, paired with algorithms that curate content towards to your taste depending on what you like/react to, creates the walls that seal us into comfort zones with like-minded people.  It traps us into a biased reality; a bubble that prevents us from ideas different than our own.  Here are three simple ways to combat the bubble, and allow for the diffusion of ideas.  No one’s saying it’s easy, but those who do are the guardians who keep the dialogue open during difficult times and with controversial ideas.

Actively like and react to diverse new sources and pages

Much of the power and control that users have over their social media is in curation.  Your feed is curated according to the content you interact with.  Simply being aware of this fact can make help make you more conscious about how and what appears in your feed.  If you’re not seeing a lot of diversity in content, maybe try interacting with new stuff.

Watch out for confirmation bias 

Does it always sound like you’re right?  When you log onto your Facebook, does every status update and shared article resonate with your own beliefs?  It’s easy to be drawn by the gravity of people who support your ideas, but to keep an honest perspective on the state of the world, you need to balance out what you expose yourself to.

A wise person once said to me “you like that author’s opinion?  Then try reading their opposer’s book.”

Never Unfollow

The “unfollow” feature is meant to be used in times of dire offense.  It’s understandable that a person be unfollowed because they are insulting or harassing.  The problem is that in some subjects like politics and religion,  people can resort to both of these behaviors.  Because people tend to hold political and religious beliefs close to their hearts, opposing views often respond with even more hostility.  Usually in these cases people unfollow not because of the idea itself but because of the primitive and often negative ways people try to convey them.

What makes unfollowing such a bad option is that it closes the dialogue between big contrasting ideas.  If you unfollow a friend who disagrees with you, you’re basically choosing not to hear their side.  Does doing this really make you the bigger person?  When we choose to stop the flow of information, we are also choosing to remain within the bubble.  Break free by practicing these three simple guidelines.  Humans aren’t always the best at communicating, but at least keeping an open ear and an open heart leaves the door open to a more harmonious reality, one that actually reflects the ideas of the world, and the people who hold them.

 

 

Continue Reading

Uncategorized

Creative Date Ideas That Works Every Time

Published

on

Couple dinner date

Dates can be fun. Dates can also be intimidating. And dates can also go terribly wrong if you don’t plan them out. We understand running a business is probably taking up the bulk of your time and planning a successful date is just the last thing on your mind. It’s not that you don’t care, you’re just so darn busy building your empire. It’s just what entrepreneurs do, we get it. That’s why we curated a list of creative date ideas you can adopt to impress that special someone in your life.

Go Ice Skating

girls ice skating

You’ve seen this in movies, especially those rom-coms, without a doubt. But don’t let the cheesy nature of these dates stop you from seeing the real reason people still go ice skating. Ice skating is a fun exercise and even more fun when one (or both) parties can’t skate. It’s an exhilarating time that allows you to both emotionally and physically bond with your partner. You’ll get to hold hands, fall, laugh, and create tons of memories together. Not to mention you’ll be desperately hungry afterward, making your dinner that much better.

Board Game & Dinner

Board games

Now you’re wondering…what kind of board game can you play with just two people? And she’ll likely be wondering the same thing. But rest assure, there’s plenty of fun games two people can play and still have a lot of fun. Connect four, battleship, checkers, worse game of bingo…the list goes on. You’ll be cooking dinner and the two of you will get to enjoy a wonderful and intimate dinner with each other. Afterward, she’ll wonder just what kind of board game you’re going to play. But it’s not the game that matters, it’s the conversation you’ll be having while playing a silly game and sipping wine that’s memorable.

Go Dancing Together

Group of women working out

This can be tricky but at the same time, ridiculously intimate if done right. You’ll probably have to check their comfort level to see if they’re down for something like this. If they can’t dance, that’s even better. Joining a dance class together allows both of you to experience the joy of learning something new (or teaching someone something new), connect emotionally and physically, and also get a lot of good laughs out of it. Similar to ice skating, going dancing together can be a great time and allow you to get to know one another on a much deeper level.

Go On A Foodie Hunt

Delicious tomato soup from above

Find a special dish that’s only served in a specific city and plan a day trip to get it. Make sure the dish is something that both you and your partner can enjoy and that they also look forward to it. Then hype the crap out of it and get them really excited for the trip. And plan the trip together with your partner to ensure they know what to expect and then hit the road! You’ll find that the  long journey is worth much more than the actual dish itself. And you both can enjoy the fruits of your labor once you sit down and enjoy the delicacy that you both went to such great extent to get. It’ll be a worth while experience and definitely memorable.

Star Gazing With Food

Couple stargazing

As you can see here, the key to success is food. Can’t have a successful date without food. Never forget that my friend. Stargazing is yet another cheesy thing romantic comedies popularized, but don’t let that fool you. It can be a lot of fun, exciting, and great for bonding if you’re with the right person. Make sure to pack a lot of great food, or even stop by somewhere and pack food together. A bottle of wine is always a nice touch. Find a good spot to stargaze, do some research yourself, and schedule your date.

And there you have it, a handful of creative date ideas to give your dating life a boost. These are by no means the only ideas, but they’ve been proven time and time again to be effective at creating a strong emotional and physical bond with your partner. A date where you don’t get to physically touch or bond is much more difficult to enjoy. A date where you get to touch. bond, talk, engage, and make a lot of eye contact with one another is definitely one that’s more memorable and likely to lead into something more lasting.

Continue Reading

Lifestyle

The Healthy Side of Video Games

Published

on

Video Games controller

Like every stereotype, video games come with their own sets of preconceptions.  We’ve all heard parents rant about how games teach children violence.  Statements like, you’ll rot your brain, go outside, and get a life are common parental reactions when their children spend too much time in front of the screen.   

Yet what happens when you look at this new genre of entertainment’s possible benefits?  Many changes and evolutions in tech have caused a great divide between the generation of boomers and their millennial counterparts.  Video games are one of the subjects that causes much controversy.  To balance out the popular opinion that videogames are unhealthy, here are a few unique points to consider:

Cyber Social Structures are Still Social when Cyber

The most commonly held caricature of a gamer is a young person, introverted, nerdy, and possibly socially inept.  Perhaps this is the picture painted to those who don’t play games themselves.  Ironically, many games do in fact have complex social networks.  Not only does a game allow someone to play with their friends, it provides opportunities to meet and play with new people, and keep in touch with people all over the world.  In fact, the majority of these game offers people access to social networks larger than most that exist in real life.  

Gamification

Gamification has made its way from games into numerous areas of life.  It’s not uncommon to see incentive systems at work changed from policy to point system in efforts to add a game-like spin in hope to raise employee enthusiasm.  

Game based learning makes light of the learning process by incorporating within it the essence of ‘play’.  Being able to play through complex scenarios offers the brain a healthy way to run through various simulations.  The real world is much less forgiving than a video game, which offers user a first, second, third, or infinite amount of chances to complete a goal.  

The Power of Strategy

One of the greatest benefits of gaming is the ability to strategize and strengthen problem solving skills. Games as simple as Tetris and as complex as Starcraft provide users with a creative ways to solve problems.  In order to solve a problem, it is often required to think both quickly and deeply about strategy.  

Being able to practice complex scenarios through games not only improves teamwork and group dynamic within teams, but also benefits each individual player mentally.  Studies have shown that games sharpen decisiveness, acuity, and many other mental attributes.  

A Game for Everything

One of the most fascinating aspects of video games is that as a genre, it has a ridiculous amount of diversity.  When you look at popular games they could be as different as Angry Birds on your mobile phone, or Brain Age on Nintendo Gameboy, or the Club Penguin social community, or as immense as the immersive World of Warcraft.  

Unlike TV shows, sports or any other form of entertainment, video games contain subject matter that is virtually limitless in its diversity.  Name any possible type of skill you may want to learn, and there is a game out there for it.  

Maybe the most popular examples of video game hits contain violence.  Maybe some people tend to spend unreasonable amounts of time in their basement playing.  Although these two facts do still stand true, video games remain an untapped source of creativity and endless utility.  What incredible  places and scenarios can these virtual portals take us?  How can they help to smear the line between imagination and reality?  And from all this, what can we learn?  Maybe now is the time to pay the vast world of gaming some due respect and admiration.  

Continue Reading

Trending