I Am Looking For An Investor For My Business Idea Now

You can envision the logo, your customers, and the dream of being your own boss. Do you know the legal and tax implications of operating as a sole proprietor, partnership, or corporation? Do you know which permits you may need? Have you researched the market, its trends, and who your competitors may be? Do you know what cash flow is and how to manage I Am Looking For An Investor For My Business Idea? Has someone, other than friends or family, said they will pay for your product or service? Are you ready for the entrepreneur life and the sacrifices that come with it?

When people learn the realities of starting a business it can be overwhelming, especially for first-timers. That’s why Invest Ottawa is here to help. Our orientation services cover the 101’s of structuring, building, and validating your business idea. If you have already laid some of the groundwork? Then our boot camps and workshops can help fine tune your business model. Check out what’s open for registration here. Explore our calendar and find a fit!

Exact location information will be provided after registration has been completed. You have to learn all about and there’s really no other way than Invest Ottawa. Invest Ottawa is THE resource for entrepreneurs starting out. Please forward this error screen to host.

Enter the characters you see below Sorry, we just need to make sure you’re not a robot. Enter the characters you see below Sorry, we just need to make sure you’re not a robot. Summary: Don’t send long business plans to investors. Don’t share information that must remain confidential. Understand that investors care about traction over everything else.

If you like this article, check out our free e-book on Pitching. In this article, we present a few dos and don’ts of sending collateral to investors. Nothing slows down a VC as much as a comprehensive business plan. Don’t send a 50-page business plan to investors. Nobody reads them and nobody executes them.

Investors who want a long plan look bad—so do companies that generate them. The milestones slide of your deck summarizes the company’s plan for the next 1-3 quarters. Document your detailed plans on a napkin, wiki, spreadsheet, deck, to-do list, or whatever. Share it with investors sometime around your second meeting and make sure they generally agree with your plan. But don’t send investors a 50-page sales pitch that you call a business plan—an elevator pitch and deck are sufficient. You don’t need an executive summary either—an elevator pitch and deck are sufficient. Getting an NDA from professional investors is almost impossible.

Investors don’t sign NDAs because they don’t want to get sued over them. Competing companies tend to get started at the same time because the market timing is right. Investors don’t want you to sue them if they fund your competitor—so they don’t sign NDAs. Read Why Most VC’s Don’t Sign NDAs by Brad Feld to learn more. Asking for an NDA creates a barrier to getting funded—aren’t there enough barriers already? And this barrier is insurmountable: your request will be declined or, worse, ignored because you haven’t done your homework.

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Accept the fact that your elevator pitch and deck will contain information that you don’t want printed on the front page of the Wall Street Journal. Fortunately, they won’t get that far. They’re less likely to forward it if their name is on it. And ask any recipients, in writing, via email, to kindly not distribute the deck outside their firm. And if you must keep something absolutely confidential, don’t email it to investors and don’t mention it in person.

Investors often look at several similar companies at once. Your plans probably won’t get to your competitors, but you should assume they will. Including changing out people, rewriting your product, moving into a different market, telling customers no when you don’t want to, telling customers yes when you don’t want to, raising that fourth round of highly dilutive venture capital—whatever is required. Whether they’re reading an elevator pitch or listening to a presentation, investors care most about actual traction in a seemingly large market. If you have incredible traction in what seems to be a large market, you can raise money no matter what the product and team look like—although a good product and team will improve your terms. If you don’t have incredible traction but the market seems large, your product and team are both critical to raising money. If the market doesn’t seem large to them, investors won’t care about your product or your team.

Read The only thing that matters by Marc Andreessen to learn more. Also see Brendan Baker’s post on traction. We read every question and answer the most interesting ones here! Self Promotion: If you like this article, check out our e-book on Pitching.