Date post: | 07-Sep-2014 |
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Technology |
Upload: | alliance-numerique |
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Raising Money(For Startups)
Philippe Telio• 1991-2002 in Startups – Raised over $60M
• 2002-2011 Supporting Startups– 175+ Clients
Before even considering…Hard. Most fail. Takes you away from your day job.
There is money, but only for those that deserve it
1. Network like proFind entrepreneurs like you, Mentors and Influencers
Startup Drinks+++
2. Get warm introductions.
Do not send blind emails
3. Know Who You’re Pitching
hearts minds wallets
4. Pitch
(Get Interest) (Give Details) (Know what you want)
5. You Don’t Know Everythingand that’s OK
What you’ll need
Intro Email (less is more)Elevator PitchPPT Deck (10-slides)1-pager
Then…. Demonstrate an understanding of your market, how you will make money (or create value), and how the investor will make money
✌
Funding Otions
-Loan (you’ll need a biz plan…good luck!)-Grant (Great for < 35. They have budget cycles)-Equity (Long, hard, and you may loose control)
It’s a long up-hill battleAsk anyone who’s done it
If you still want funding
=Significant investments
VENTURE CAPITAL INVESTMENTS IN GREATER MONTREAL
Option 1 - Love Money
Option 2 - Incubators
• Plenty more outside of Montreal (Techstars, YC, 500Startups, SeedCamp…)
1717
85
Option 3 - Angels
1818
Option 4 - Venture Capital
• Start with CLD• SDEVM (Christian Perron is great)• Jeune promoteur• Fondation du maire• Canadian youth business foundation• Canadian Media Fund• Feddev• CNRC – R&D• MDEIE – Vitrine Technologic
Government Option
Mike Lee - www.fundica.com
Ready. Set. Patience.
(Raise more than you need, you won’t want to do it all again next year.)