The Five Hindrances to Getting Funded

Read Full Story Here – By Rafe Furst

  1. Hacking the Startup Fundraising Matrix
  2. How to Leverage Social Currency
  3. The Eightfold Path to Investment
  4. The Five Hindrances to Getting Funded

There are many things that entrepreneurs can do to help be proactive during their fundraising process. As an investor myself, these are some obstacles I see many early stage companies face during their investment process.

  1. Ignoring the Heart— We are sold with our hearts and unsold with our brains. In fact if you don’t grab me emotionally in the first few seconds and completely enthrall me, then I won’t ever engage my brain to determine whether it makes financial sense to invest. Ultimately you need to convince me both rationally and emotionally. Help me fall in love with you, and help me have faith in you, and I might give you a pass on the numbers and projections that don’t make sense. Continue reading…

The Eightfold Path to Investment

Read Full Story Here – By Rafe Furst

  1. Hacking the Startup Fundraising Matrix
  2. How to Leverage Social Currency
  3. The Eightfold Path to Investment
  4. The Five Hindrances to Getting Funded

Knowing when to start looking for investment and how to go about it is one of the most critical points in a startup’s life. There are several factors to consider in this process. Review this guide to better understand each step that is necessary when looking to secure investment.

  1. Right Motivation — If you want investment because you value having new partners who can help you build the company bigger and faster than you could without them, then this is Right Motivation. Many entrepreneurs seek investment as a validation of their idea/company/self. If your motivation is to be validated, then you are on the wrong path.
  2. Right Plan — Have a plan (or at least a plan B) that doesn’t require investment capital to succeed. If you don’t need investors’ money, you will have a much easier time getting it. Let’s face it, what partner in a healthy relationship is attracted to neediness?
  3. Right Timing — There are times in your company’s lifecycle when investment will flow naturally. If the timing is not right, then your energies are better spent building the business. Building a business creates Right Timing for investment. Continue reading…

How to Leverage Social Currency

Read Full Story Here – By Rafe Furst

  1. Hacking the Startup Fundraising Matrix
  2. How to Leverage Social Currency
  3. The Eightfold Path to Investment
  4. The Five Hindrances to Getting Funded

“I know Kung Fu!” – Neo

Your campaign will consist of five phases:

  1. Building Social Currency
  2. Closing Your Lead
  3. Closing Your Network
  4. Public Closing
  5. Victory Lap

Continue reading…

Hacking the Startup Fundraising Matrix

Read Full Story Here – By Rafe Furst

  1. Hacking the Startup Fundraising Matrix
  2. How to Leverage Social Currency
  3. The Eightfold Path to Investment
  4. The Five Hindrances to Getting Funded

The Matrix is the world that has been pulled over your eyes to blind you from the truth.” – Morpheus

The Big Idea

Contrary to what you may believe, there is a proven formula for raising capital. It’s what the world’s best CEOs and expert fundraisers have been using for decades. And now with fundraising and investing moving online, this formula can be amplified, and exponentially more valuable to you.

As we’ve shared this formula with founders raising on Crowdfunder, the data shows that those who follow this formula raise ten times the amount of investment as those who don’t. Founders who follow the formula on Crowdfunder attract $240,000 (founders who don’t raise only $24K). Founders who follow the formula close money 50% of the time from interested investors, whereas founders who don’t close less than 10% of the time.

I will show you how to hack this matrix, but first you need to understand what the agents are doing…

Continue reading…

Top 5 Angel Investor Hacks

By Rafe Furst, Crowdfunder Co-Founder

I recently published a comprehensive guide for entrepreneurs called Hacking the Startup Fundraising Matrix. This is based on my 20 years of experience as a fundraising entrepreneur and as an angel investor myself. Here I’m going to share my favorite hacks for evaluating a deal as an angel investor*.

Continue reading…

LiveAnswer Wins Crowdfunder Prize at Tech.Co Startup of the Year Competition

LiveAnswer, the next evolution of customer communication, recently placed 3rd out of a  thousand companies across the United States competing to become Tech.Co’s CELEBRATE 2015 Startup of the Year. As a Celebrate 2015 finalist, the Miami-based startup qualified for the opportunity to choose one of the grand prizes offered by leading companies – a total combined value of $250,000.

Continue reading…

How To Pitch Investors And Raise Money

I have yet to meet a founder who knows how to pitch their company so that it immediately resonates with investors.

Your first job, in 10 seconds or less, is to give me the one golden nugget that makes me want to learn more. The most common mistake is talking about the product or technology or the company before I care. And I won’t care if you can’t convince me there’s an opportunity for me to make lots of money by investing.

Continue reading…