Good Deals Always get Funded
So I hear from time to time that the funding has dried up! I hear that people can’t raise money for their business – that investors are stingey or that no one understands the potential of a company or an idea.
I think – that is wrong. I have never seen a good idea or business not receive funding. In fact the best deals always get money in fact some get more pledged than what they need (which causes different problems).
If you don’t receive funding it is for one of three reasons:
- You did not present your idea or business to an investor group that has the right risk profile. An example would be presenting a life sciences opportunity to me. I know nothing about life sciences and so I do not invest in them.
- You did not sell your idea. Hard to hear but often is the case. That is why you need a friend – a sponsor or someone that can help coach you on your pitch.
- Your idea just is not good enough.
So what should you do? Try to determine which of the three reasons caused you not to receive funding and correct it. Don’t just hang your head and lay blame at the potential investors feet. Also don’t go back to that same investor pool unless you have totally overhalled your idea. It is a waste of time. Fix It. Change It. Practice it.
Good ideas always get funded!
Tags: Funding, investor pitch