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4 Unique Ideas to Find Investors For Your Startup

The hardest part about how to find investors for your startup is literally talking to them. With investors receiving pitches from about 20 different entrepreneurs everyday, it’s likely they won’t have enough time to listen to yours.

Even if they do, weeding the best from the rest can be tricky. It shouldn’t come as a surprise if you need to reach out to over 40 investors before receiving your first round of funding. To your benefit,

Here is a checklist for stepping into the shark tank and how to find investors in India.

1) Have a business plan

Having a business plan is the most crucial thing before you pitch to investors in India for startups. Ensure that your business plan includes important details such as what your startup is about, sales forecast for the next few years, and the target audience for your product. To support your sales forecast, it’s also useful to have industry reports to show how your idea is unique enough to fulfill what the industry lacks.

Remember, your business plan needs to look professional. Although there are many templates available online, make sure you customize them to your personal preferences. Handwritten notes are a big NO. Instead, have them typed out in a binder/folder in a presentable manner. Check that everything you would need is easily readable and accessible during the presentation. This is not a college presentation. So you need to know the business plan at the tip of your fingers to be able to easily answer any questions thrown your way during the pitch.

2) Have an online presence

AngelList is an extremely famous portal for startups to list themselves and learn about investors. Get yourself listed to make it easy for investors to find you too. Include accurate and specific information about your company, team, and product in your profile.

Share your profile with your colleagues, acquaintances, and request your friends to share your profile too. Once people follow you, people who know them will see it too, arousing their interest leading to them visiting your profile. Not only AngelList, create a company profile on LinkedIn and Crunchbase too. Whenever investors follow you/your company profile, make sure you send them a message to add a personal touch. This is your chance to initiate a conversation, eventually leading to meetings. One of these meetings will end up being fruitful. AngelList, Crunchbase, LinkedIn are just three of the places to help with how to find investors and where you can make your presence felt and reach out to investors.

A great example of using your online presence to its full potential is watching out for investors who chose to follow companies similar to yours. Reach out to them to make them aware about your startup as well.

3) Pitch to your friends and family

Before you go around pitching to investors, begin with your friends and family. To keep your relation professional, pitch them your business plan solely as an entrepreneur, not as family or a friend. From details like your outfit to your way of talking to your actual presentation, ensure everything is strictly professional. Set the mood with only business in mind and put that point across firmly, so other personal topics don’t pop up. They may be afraid and unsure about merging personal and professional relationships. Treat them as your legitimate investors in India for startups. Put forward points as to how this investment will favor them and give them real benefits like returns with interest and stock options.

Figure out how you plan on paying them back. If you have a product, you could offer them a free supply. If you have a sample ready, show them. Let them try it out for themselves. If you’re offering a service, maybe car rental, give them free access to it.

In case you wish to propose for investment but accept it as a gift, ensure you’ve made this point very, very clear. Send them a letter of acknowledgment and thanks stating that you’ve accepted the money as a gift. Think about it, if you gave some money to Ambani at some point for business funding, wouldn’t you want your returns now? They could feel the same.

4) Strategize a list of investors to meet

Create a list of investors who have invested in similar startups and would be interested in yours. Select around 50 investors you’d like to pitch to, to begin with. Go through lists on AngelList and conduct research on other websites about recent fundings. At this point, it’s always great to be in touch with other entrepreneurs with experience. They can help you out with how to find investors in India and your list of investors and give their suggestions to help you identify investors who would possibly be interested in your startup.

To help you jot down a few investors, here’s a list of the 50+ Top Venture Capital Firms in India.

To know more  unique ideas for finding investors click Here

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