The Art of Startup Fundraising
Startup development
Create a fundraising plan
from The Art of Startup Fundraising by Alejandro Cremades
How to Apply This
- Identify why you want to raise capital for your business.
Consider what it will do for you and what the opportunity offers to potential investors. - Meld your business plan with your fundraising plan.
Break down the amount of capital required by funding rounds and business milestones spread over an 18- to 24-month period. Here is the framework for the key business milestones:
a) Idea conceptualization
b) Market research
c) Business plan creation
d) Testing the waters
e) Finding your cofounders
f) Making key hires
g) Building a board
h) Prototypes & beta testing
i) Launch of a minimum viable product
j) Expanding early adopters and users
k) Gaining revenues
l) Proof of demand and potential for scale
m) Breakeven point
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