How to Get Funded 101...in Oklahoma
Having a tailored investor strategy can make all the difference when talking to an investor, it pays to be well-prepared. We will show you what is needed for funding a startup. There is a lot more to the process than a finding funding source. There are several questions you may be asking yourself.
Should you start lean, and bootstrap, or look for venture? Do you know which one is right for you?
- Lean creates greater value for your business while simultaneously using fewer resources. By adopting the principles of lean you can potentially increase operational efficiency while eliminating waste.
- Bootstrap allows you to grow your business on your own savings and revenue to expand your business and fund general operations.
- Venture is backed by investor(s) who have provided capital with the intention of gaining a Return on Investment (ROI).
What if your startup could launch without an investor and you just don’t know how?
This helps empower founders to make an overall success without being dependent on the world around them for resources. This is the best point to start really diving into what funding strategies you may want to consider and know when and to whom you should present them.
What options might you have for finding investors? How should you approach them?
There are many investor strategies out there. Experienced founders can easily identify and evaluate them, but without hindsight it’s really hard. In fact most founders we talk to only see one or two possible ways forward when it comes to funding. We will challenge you to think more comprehensively and help you understand the options a serial entrepreneur would be considering.
But what does that look like?
Here is our basic Scope of Work (SOW) Road map
Step One: What would it take for you to build this on your own with only the money borrowed from your family and friends? The best step forward is to become empowered to end the dependency on team and investors so that you can become empowered to build it on your own.
Step Two: When it is time to bring an investor onboard how do you make that initial approach? How much of your idea are you willing to give up? Do you ask for big money or a smaller investment? You need to know going in which cards in your hand that you need to play.
Step Three: Present your strategy and gain actual feedback from investors.
The world of funding is full of conflicting information and opinions. Let’s bring some reality to the table and see how it fits with your idea.