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.
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.