Are you an entrepreneur in the current stages of finding financing for your startup? New York Entrepreneur Week April 2010 brings an expert panelist to answer your investing questions.
Experts included: Jay Levy, the Principal at Zalkova Ventures, Brian Cohen, the Founder of iFluencePR, and Vice Chairman of NY Angels, Geoff Judge, the Venture Partner at iNovia Capital and NY Angels Board of Directors, Owen Davis, the Managing Director of NYC Seed, and Dave McClure, the Founder of 500 Hats and the Director of Seed-Stage Investment for Founders Fund.
The investors gave personal tips while covering the do's and don'ts of raising capital and the proper way to get your ideas in front of the correct people. Consumer trending has been on the increase on a global basis which makes it much easier to get capital than it was 12 months ago.
When receiving a pitch, investors would rather hear what problem you're trying to solve, not your specific idea. Make sure you recognize the competitive landscape and the concept which you're operating. Be open with investors, don't just gloss over what you've accomplished, be specific, what have you really done?
The NY Angels have funded over 50,000 deals in the US and close to 90% of all seed capital startups. Whether it's through professional networking programs such as LinkedIn, building relationships with people who are providing you money are helpful ways to be prepared. The people who want to support your needs are there, just make sure you're connecting with them correctly.
- Katie Evans
- Katie Evans
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