I was reading a techcrunch article and It says this
" When you register your name, you should register the misspellings as a .com, you should register the primary and the .net or .org or it will be sold back to you for thousands of dollars later… "
Is this a legitimate concern? Is it normal?
JERUSALEM, JUNE 22, 2010 – OurCrowd, the world’s largest global venture investing platform, today hosted the OurCrowd Pandemic Innovation Conference, a live interactive event, which brought together thousands of top investors, entrepreneurs, venture capitalists, corporate executives, government officials and press from over 90 countries around the world.
Read more here.
The post [PRESS RELEASE] Thousands of investors from 90 countries attend OurCrowd Pandemic Innovation Conference online, first global event dedicated to pandemic investment appeared first on OurCrowd.
OurCrowd, the world’s largest global venture investing platform, today hosted the OurCrowd Pandemic Innovation Conference, a live interactive event, which brought together thousands of top investors, entrepreneurs, venture capitalists, corporate executives, government officials and press from over 90 countries around the world.
Read more here.
The post [OurCrowd in Business Wire] Thousands of Investors From 90 Countries Attend OurCrowd Pandemic Innovation Conference Online, First Global Event Dedicated to Pandemic Investment appeared first on OurCrowd.
I'm in a fortunate position with my employer where I've spent the last 5 years reviewing pitch decks and hearing pitch decks from entrepreneurs all over the United States. Their ideas spanned biotech, SaaS, CPG, agtech, and more. The clients I've worked with have ranged from first time founders, Fortune 500 executives, and serial entrepreneurs. I've seen a lot of failures, some go sideways and fewer successes.
Here's just some thoughts I've collected after having a slow weekend indoors to reflect.
Build a business, not an invention
I see this a lot with STEM or technical founder. You've finally managed to land on the calendar of a VC, and they waste the whole time talking about the technical ins and outs of how their awesome new invention is going to revolutionize the world. Unless the person listening to you also has that level of technical expertise, it's way over their head. VCs and investors understand business though. What's the business case? You may have found a huge problem and you'll solve it with your fancy new innovation, but what does it cost? What's your total addressable market? When will you hit profitability? If you don't come equipped with those answers, you're not getting anywhere
Focus on "you", not "I"
So many pitches end with something like, "If I just had the money, I can totally make this happen!" Notice that the statement has nothing in it for the investor. You're asking them for tens or hundreds of thousands of dollars, or millions. What's in it for them? Investors are not charities. Entrepreneurs often come to the pitch meeting thinking money is just going to rain from the sky if their pitch has just the right amount of buzz words and sweet promises of a future fantasy of becoming billionaires. An experienced investor is just going to roll their eyes at you.
Put yourself in their shoes. What would you want to know if someone was asking you for that much money? Wouldn't you also want to know what's in it for them?
Fundraising is a full time job.
It can easily take a full year from you building your pitch deck to finalizing your investment. It can take a full work week to court investors, get them to sign, woo them, and then manage them after the investment to ensure you're maintaining good relations. On top of all of that, you as the CEO have to manage everything else about your business – sales, marketing, logistics, growth, etc. Especially in this economy, no one is handing out free money just because you think you've got God's gift to mankind in your business plan. Expect to hustle. Hard.
Anyway, this post probably comes off as condescending. But I was a first time founder once too, and I wished someone just cut the BS and gave me this advice. Hope this is helpful to some of you, too.