It was my first time pitching a VC investor.
I had a business idea and a team to pull it off.
He had the money and interest in early-stage startups.
Fingers crossed its a match!
The call was short and to the point.
We spoke about my idea, the team behind it, and why we needed the money.
Half an hour later, a $100k investment landed in our bank account.
40% off TNW Conference!
According toCrunchbase, Europeanstartupsraised a record $51 billion in the first six months of 2021.
It seems that investors are thirsty for European innovations and we jumped at the opportunity.
In my case, I already had a history of business relationships with my two co-founders.
The bigger the round youre aiming to raise, the more important the team and its expertise become.
A trustworthy endorsement
Ive always been an active member of my local startup ecosystem.
Before the pandemic struck, I was a regular attendee of local tech conferences and networking events.
Over the years, I had built a strong online grid of people from the local ecosystem.
If you ask me, personal introductions are every bit as valuable as youve heard.
A convincing pitch
Finally, the pitch.
In my pitch, that was the key focus.
Investors might love your idea, but they wont invest if thats all you have.
I had the contract in place, ready to be signed electronically.
All the investor needed to do was fill in his company name and put his signature on it.
So, as soon as I received the message, I wasted no time.
I sent the investor my email with all the necessary information and the contract already signed from my side.
Minutes later it was sent back to me, with the investors signature on it.
The rest, as they say, is history.
Story byRihards Piks
Rihards is a serial entrepreneur and digital marketer, working in the D2C space.
Currently, he’s building Supliful an on-demand supplement fulfillment startup.
Before that, he co-founded, scaled, and successfully sold the D2C online brand Grafomap.
