Pitching to your prospective stakeholders, whether it’s the first angel investor or a potential cofounder – is one of the most crucial and the toughest phase in a startup journey. As the true propeller and a must-have element for any business growth, these stakeholders will help shape your idea into a tangible being. They will buy into your dream and help you achieve it. Basis my experience, I comprehend that almost all of the above stakeholders will raise variety of questions at the pitch desk, however, their evaluation parameters remain common at the base level. Parenthetically, it’s not just the ‘Big Idea’ that everyone is looking for, but lots more than what meets the eye.
In one word? Yes
Having seen a few ventures ground upwards, I can vouch for statutory compliances and requirements not featuring into the top five agendas of startup managements. Typically, Indian startups somehow have a tendency to push anything they perceive to not be of immediate importance to the back burner. By contrast, their peers in the west see the larger picture and realise the need for a solid foundation on which to build a business. Think of it as building a house, where the legal eagle you hire is your foundation and what you build from the surface level upwards is your business.
Commercialisation internationally offers tremendous opportunity that can change the trajectory of internet companies. This route has great after-effects such as the pull created on AAA talent and quality investors. Given the potential and the maturity, developed markets such as Canada or West Europe were the first choice for internationalisation given opportunities across emerging markets like India or South East Asia, appeared smaller. However, does the trend still hold true today?
If you are an aspiring entrepreneur or a founder and looking to raise pre-seed capital, then you are definitely stepping into the most attractive period of your entrepreneurial journey. Commonly known as the first stage of venture funding, pre-seed funding builds a strong foundation to kick-start a startup business. While some startups may not require this funding at all, however, others may end up going through several rounds.